ISIRO
ActiveSummary
ISIRO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €122k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 27% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+24
Solvency43=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.19 in 2024; short-term debt: 81.5% and cash: 30.7% of total assets), and 81.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
20.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 d early
2024
31 d late
2023
31 d late
2022
28 d early
2021
3 d early
2020
27 d late
2019
130 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€122k▲ 2,734%
2024 · €4k
2018: €2k
2019: €87k▲ +3924% vs 2018
2020: €-165k▼ -290% vs 2019lowest in 8 years
2021: €94k▲ +157% vs 2020
2022: €28k▼ -69.9% vs 2021
2023: €-4k▼ -114% vs 2022
2024: €4k▲ +206% vs 2023
2025: €122k▲ +2734% vs 2024highest in 8 years
2018 → 2025
Working capital
€105k▲ 29.6%
2024 · €81k
2018: €-205klowest in 8 years
2019: €-135k▲ +34.2% vs 2018
2020: €-119k▲ +12.0% vs 2019
2021: €-100k▲ +16.0% vs 2020
2022: €68k▲ +168% vs 2021
2023: €74k▲ +9.0% vs 2022
2024: €81k▲ +9.8% vs 2023
2025: €105k▲ +29.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€89k▲ 46.6%€85k▼ 4.5%€90k▲ 5.0%€111k▲ 24.4%
2021: €61klowest in 5 years
2022: €89k▲ +46.6% vs 2021
2023: €85k▼ -4.5% vs 2022
2024: €90k▲ +5.0% vs 2023
2025: €111k▲ +24.4% vs 2024highest in 5 years
Operating result€97k-€52k▼ 45.7%€-383€11k€135k▲ 1,103%
2021: €97k
2022: €52k▼ -45.7% vs 2021
2023: €-383▼ -101% vs 2022lowest in 5 years
2024: €11k▲ +3036% vs 2023
2025: €135k▲ +1103% vs 2024highest in 5 years
Net result€94k-€28k▼ 69.9%€-4k€4k€122k▲ 2,734%
2021: €94k
2022: €28k▼ -69.9% vs 2021
2023: €-4k▼ -114% vs 2022lowest in 5 years
2024: €4k▲ +206% vs 2023
2025: €122k▲ +2734% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,103% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €605k
Fixed assets
€6k ▼ 22.2%
Current assets
€599k ▲ 20.1%
Equity and liabilities €605k
Equity
€111k ▲ 24.4%
Debt
€494k ▲ 18.3%
Debt's share of the balance-sheet total falls from 82.3% to 81.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138k▲
2024 · €15k
Cash flow
€125k▲
2024 · €8k
Current ratio
1.21▲
2024 · 1.19
Debt to equity
4.43▼
2024 · 4.66
ROE
109.4%▲
2024 · 4.8%
ROA
20.1%▲
2024 · 0.8%
Interest coverage
95.96▲
2024 · 22.87
Debt ≤ 1 year
€494k▲
2024 · €417k
Income taxes
€12k▲
2024 · €6k
Staff costs
€413k▼
2024 · €432k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€507k€605k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€0-
Financial fixed assets28€4k€4k=
Current assets29/58€499k€599k▲
Amounts receivable within one year40/41€331k€397k▲
Trade receivables40€322k€361k▲
Other amounts receivable41€9k€36k▲
Cash at bank and in hand54/58€159k€186k▲
Deferred charges and accrued income490/1€9k€16k▲
Equity and liabilities
Total equity and liabilities10/49€507k€605k▲
Equity10/15€90k€111k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€81k€103k▲
Amounts payable17/49€417k€494k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€417k€494k▲
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€96k€149k▲
Suppliers440/4€96k€149k▲
Taxes, remuneration and social security45€146k€143k▼
Taxes450/3€64k€76k▲
Remuneration and social security454/9€83k€68k▼
Other amounts payable47/48€173k€201k▲
Accrued charges and deferred income492/3-€338
Income statement
Code20242025
Remuneration, social security and pensions62€432k€413k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€11k€1k▼
Gross operating margin9900€462k€565k▲
Operating profit (loss)9901€11k€135k▲
Financial income75/76B-€296
Recurring financial income75-€296
Financial charges65/66B€642€1k▲
Recurring financial charges65€642€1k▲
Profit (loss) for the period before taxes9903€11k€134k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€4k€122k▲
Profit (loss) for the period to be appropriated9905€4k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€203k▲
Profit (loss) brought forward from the previous period14P€77k€81k▲
Profit to be distributed694/7-€100k
Directors or managers695-€100k
Social balance
Average headcount (FTE)90877.99.0▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €291k | €326k | €430k | €432k | €413k | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €8k | €3k | €3k | ▼ 22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7k | - |
| Other operating charges640/8 | €4k | €4k | €8k | €4k | €6k | ▲ 50.0% |
| Non-recurring operating charges66A | - | €6k | €0 | €11k | €1k | ▼ 88.7% |
| Gross operating margin9900 | €402k | €401k | €446k | €462k | €565k | ▲ 22.4% |
| Operating profit (loss)9901 | €97k | €52k | €-383 | €11k | €135k | ▲ 1,103% |
| Financial income75/76B | €58 | €390k | €0 | - | €296 | - |
| Recurring financial income75 | €58 | €95k | €0 | - | €296 | - |
| Non-recurring financial income76B | - | €295k | €0 | - | - | - |
| Financial charges65/66B | €2k | €401k | €724 | €642 | €1k | ▲ 124% |
| Recurring financial charges65 | €2k | €29 | €724 | €642 | €1k | ▲ 124% |
| Non-recurring financial charges66B | €0 | €401k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €95k | €41k | €-1k | €11k | €134k | ▲ 1,165% |
| Income taxes67/77 | €340 | €13k | €3k | €6k | €12k | ▲ 95.3% |
| Profit (loss) for the period9904 | €94k | €28k | €-4k | €4k | €122k | ▲ 2,734% |
| Profit (loss) for the period to be appropriated9905 | €94k | €28k | €-4k | €4k | €122k | ▲ 2,734% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €521k | €503k | €444k | €507k | €605k | ▲ 19.4% |
| Fixed assets21/28 | €171k | €28k | €14k | €8k | €6k | ▼ 22.2% |
| Tangible fixed assets22/27 | €40k | €24k | €10k | €5k | €3k | ▼ 41.0% |
| Furniture and vehicles24 | €30k | €21k | €7k | €5k | €3k | ▼ 41.0% |
| Other tangible fixed assets26 | €10k | €3k | €3k | €0 | - | - |
| Financial fixed assets28 | €131k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €350k | €475k | €430k | €499k | €599k | ▲ 20.1% |
| Amounts receivable within one year40/41 | €236k | €282k | €313k | €331k | €397k | ▲ 20.0% |
| Trade receivables40 | €225k | €267k | €312k | €322k | €361k | ▲ 12.3% |
| Other amounts receivable41 | €11k | €15k | €877 | €9k | €36k | ▲ 302% |
| Cash at bank and in hand54/58 | €106k | €188k | €105k | €159k | €186k | ▲ 16.7% |
| Deferred charges and accrued income490/1 | €8k | €6k | €13k | €9k | €16k | ▲ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €521k | €503k | €444k | €507k | €605k | ▲ 19.4% |
| Equity10/15 | €61k | €89k | €85k | €90k | €111k | ▲ 24.4% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €0 | - | - | - | - | - |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | €53k | €81k | €77k | €81k | €103k | ▲ 26.9% |
| Amounts payable17/49 | €460k | €413k | €359k | €417k | €494k | ▲ 18.3% |
| Amounts payable after more than one year17 | €10k | €6k | €3k | €0 | - | - |
| Financial debts170/4 | €10k | €6k | €3k | €0 | - | - |
| Amounts payable within one year42/48 | €450k | €407k | €356k | €417k | €494k | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | €9k | €3k | €4k | €3k | €0 | ▼ 100% |
| Trade debts44 | €50k | €148k | €49k | €96k | €149k | ▲ 56.1% |
| Suppliers440/4 | €50k | €148k | €49k | €96k | €149k | ▲ 56.1% |
| Taxes, remuneration and social security45 | €93k | €112k | €144k | €146k | €143k | ▼ 2.0% |
| Taxes450/3 | €42k | €51k | €61k | €64k | €76k | ▲ 18.7% |
| Remuneration and social security454/9 | €50k | €61k | €83k | €83k | €68k | ▼ 17.9% |
| Other amounts payable47/48 | €298k | €144k | €159k | €173k | €201k | ▲ 16.3% |
| Accrued charges and deferred income492/3 | €353 | €0 | - | - | €338 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €28k | €-4k | €4k | €122k | ▲ 2,734% |
| + Depreciation and write-downs630 | €11k | €12k | €8k | €3k | €3k | ▼ 22.5% |
| Operating cash flow (approximation) | €105k | €41k | €4k | €8k | €125k | ▲ 1,507% |
| Investment in fixed assets (approximation) | - | €131k | €6k | €2k | €-826 | ▼ 139% |
| Change in cash | - | €81k | €-83k | €54k | €27k | ▼ 51.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €122k ▲2,734%
Operating result €135k, net result €122k, both a record.
31-12
Financial
Equity above €100kEq €111k ▲24.4%
2 profitable years in a row build equity to €111k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-165k
Net result drops to €-165k, the lowest in the series; recovery starts the following year.
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
Show earlier events
2019
31-12
Financial
Equity above €150kEq €191k ▲82.9%
2 profitable years in a row build equity to €191k.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2017
Ground area
207 m²
Building footprint
90 m²
Parcel 62805B0313/00Y004, Wallonia. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
isiro
since 20172.269.378.940
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0313/00Y004 | Wallonia | 207 m² | 1 · 90 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.