Equity
€111,391 from €191,203 in 2019
Equity fell by 42% in 6 years.
ISIRO
Lifetime
13 annual accounts with figures on one time axispeak €565,443 (2025)
€565,443▲ 22.4%
lowest -€164,513 (2020)
€121,877▲ 28×
peak €191,203 (2019)
€111,391▲ 24.4%
€493,878▲ 18.3%
peak 9 FTE (2025)
9 FTE▲ 13.9%
Board4 names since 2018
1 directorFYdulex
Owners
39.04%ISIRO APM
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €461,907 to €565,443Result from €4,300 to €121,877Staff from 7.9 FTE to 9 FTEEquity from €89,514 to €111,391Debts from €417,424 to €493,878
Key points
from the 2025 annual accountsResult
€121,877 ▲ 28×
The result rose in 2025: different schema filed.
Debts
€493,878 82% of the balance sheet
Suppliers 30%Taxes and wages 29%Other 41%
Of this, €493,540 falls due within a year.
Staff
12 employees on 31-12-2025
In 2025, 8 people joined and 6 left.
Filings
13 annual accounts since 2013
Seven of the last ten came late. The 2019 accounts came latest: 130 days after the end of the period.
Subsidiaries
-€20,510
Subsidiary with negative equity. ISIRO RE · loss of €3,393 in 2025.
Checked score
90
Excellent
Financially stronger than 41% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -0.5 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
2 of the last 3 accounts late
Size: 9 FTE, total assets €605,269
lowers risk
Sector: Legal and accounting activities (NACE 69)
Liquidity: current ratio 1.21, cash €185,593
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 21% of them on solvency, 19% on liquidity, 56% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as ISIRO has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ISIRO itself is lower: 0.1% within 12 months. It rests on far more data about ISIRO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for ISIRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.19 in 2024), below the usual 1.5. Short-term debt is 81.5% and cash 30.7% of total assets. 81.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
31 days late
2023
31 days late
2022
28 days early
2021
3 days early
2020
27 days late
2019
130 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0503977158
Registered office moved within Liège
New registered office: Rue Dartois 27 à 4000 Liège · Previous registered office: Rue Pont d'Avroy 19 4000 Liège · General meeting of 31-08-2024 · Gazette deed
1 director appointed, 2 resignations
Resignations: Fiduciaire ACGF SRL and Yannick Fisenne · Appointment: FYdulex SRL · Permanent representative: Yannick Fisenne · General meeting of 06-12-2021 · Gazette deed
Company renamed from TRINON & BAUDINET FIDUCIAIRE to ISIRO
Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · BAUDINET Laurent holds 1 share · TRINON & BAUDINET holds 92 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISIRO Liège | €605,269 | €565,443 | 18.4% | 9 |
| SCA Geel Geel | €638,108 | €652,598 | 21.1% | 8.7 |
| KILESSE ACCOUNTANCY & TAX Herve | €470,999 | €578,893 | 4.5% | 6.3 |
| D&P GENT Ghent | €580,998 | €715,003 | 27.2% | 8.2 |
| TaxTeam Hasselt | €547,210 | €569,661 | 66.1% | 7.3 |
| Amarris Enghien Enghien | €540,220 | €568,475 | 58.2% | 9.7 |
| VBH & PARTNERS Chaumont-Gistoux | €777,298 | €447,584 | 23.4% | 8.4 |
These companies have the same main activity as ISIRO: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €471,000 and €777,000, founded between 2009 and 2015.
Official details
Source: KBO- Status
- Active since 11-02-2013Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Certified accountants and tax accountantsNACE 69201
- Joint committee
- 336Liberal professions · annual accounts 2025
- Establishment unit
- 2.269.378.9404000 Liège, since 01-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €980,000estimated
- €605,269▲ 19.4%
- Employeeson 31-12-2025
- 12▲ 20.0%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on ISIRO
ISIRO files the abbreviated format. That format states no turnover. The gross margin rose from €6,426 in 2013 to €565,443 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISIRO
- What is the company number of ISIRO?
- The company number of ISIRO is 0503.977.158. The VAT number is the same number with BE in front: BE 0503.977.158.
- Where is ISIRO based?
- The registered office is at Rue Dartois 27, 4000 Liège.Company details
- What does ISIRO do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of ISIRO?
- ISIRO is a private limited company (BV).
- When was ISIRO founded?
- ISIRO was founded on 11-02-2013.
- Is ISIRO still active?
- Yes, ISIRO is an active enterprise in the KBO register.
- How many employees does ISIRO have?
- ISIRO had an average of 9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ISIRO fall under?
- In its 2025 annual accounts, ISIRO states joint committee 336 (Liberal professions).
- What is the turnover of ISIRO?
- The turnover in financial year 2025 is ≈ €980,000. This figure is estimated from the gross margin of €565,443 and 34 comparable companies (NACE 69201). It probably lies between €850,000 and €1.2m.
- Is ISIRO profitable?
- In financial year 2025, ISIRO made a profit of €121,877.
- Where can I find the annual accounts of ISIRO?
- ISIRO filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISIRO due?
- ISIRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.