ISKOVED
ActiveSummary
The computed 12-month bankruptcy probability of ISKOVED is 1.9% (moderate). The 2024 annual accounts show equity of €23k and a net result of €718. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 26043 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+66
Solvency73▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.63 in 2023; short-term debt: 52.3% and cash: 4.8% of total assets), but 52.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
20 d late
2022
53 d late
2021
89 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€718
2023 · €-6k
2018: €-19klowest in 7 years
2019: €8k▲ +143% vs 2018
2020: €23k▲ +182% vs 2019highest in 7 years
2021: €-8k▼ -134% vs 2020
2022: €633▲ +108% vs 2021
2023: €-6k▼ -1049% vs 2022
2024: €718▲ +112% vs 2023
2018 → 2024
Working capital
€21k▲ 19.1%
2023 · €18k
2018: €-56klowest in 7 years
2019: €-11k▲ +79.9% vs 2018
2020: €18k▲ +259% vs 2019
2021: €16k▼ -13.4% vs 2020
2022: €18k▲ +15.8% vs 2021
2023: €18k▼ -0.3% vs 2022
2024: €21k▲ +19.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€42k▼ 22.8%€38k▼ 9.4%€27k▼ 28.0%€23k▼ 14.2%
2020: €54khighest in 5 years
2021: €42k▼ -22.8% vs 2020
2022: €38k▼ -9.4% vs 2021
2023: €27k▼ -28.0% vs 2022
2024: €23k▼ -14.2% vs 2023lowest in 5 years
Operating result€7k-€-12k€-4k▲ 69.0%€-12k▼ 231%€-3k▲ 72.2%
2020: €7khighest in 5 years
2021: €-12k▼ -280% vs 2020
2022: €-4k▲ +69.0% vs 2021
2023: €-12k▼ -231% vs 2022lowest in 5 years
2024: €-3k▲ +72.2% vs 2023
Net result€23k-€-8k€633€-6k€718
2020: €23khighest in 5 years
2021: €-8k▼ -134% vs 2020lowest in 5 years
2022: €633▲ +108% vs 2021
2023: €-6k▼ -1049% vs 2022
2024: €718▲ +112% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €12k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€2k ▼ 78.5%
Current assets
€47k ▲ 1.2%
Equity and liabilities €49k
Equity
€23k ▼ 14.2%
Debt
€26k ▼ 10.1%
Debt's share of the balance-sheet total rises from 51.2% to 52.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▲
2023 · €-2k
Cash flow
€8k▲
2023 · €5k
Current ratio
1.83▲
2023 · 1.63
Quick ratio
0.35▼
2023 · 0.51
Debt to equity
1.10▲
2023 · 1.05
ROE
3.1%▲
2023 · -22.1%
ROA
1.5%▲
2023 · -10.8%
Interest coverage
9.70▲
2023 · -4.61
Debt ≤ 1 year
€26k▼
2023 · €28k
Staff costs
€10k▼
2023 · €30k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€56k€49k▼
Fixed assets21/28€9k€2k▼
Tangible fixed assets22/27€9k€2k▼
Plant, machinery and equipment23€9k€2k▼
Financial fixed assets28€180€180=
Current assets29/58€46k€47k▲
Stocks and contracts in progress3€32k€38k▲
Stocks30/36€32k€38k▲
Amounts receivable within one year40/41€4k€6k▲
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€10k€2k▼
Deferred charges and accrued income490/1-€257
Equity and liabilities
Total equity and liabilities10/49€56k€49k▼
Equity10/15€27k€23k▼
Contributions10/11€19k€19k=
Reserves13€93€93=
Non-distributable reserves130/1€93€93=
Reserves not available under the articles1311€93€93=
Profit (loss) carried forward14€870€2k▲
Investment grants15€8k€3k▼
Amounts payable17/49€28k€26k▼
Amounts payable within one year42/48€28k€26k▼
Trade debts44€26k€20k▼
Suppliers440/4€26k€20k▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€34▼
Remuneration and social security454/9€801€6k▲
Income statement
Code20232024
Non-recurring operating income76A€611€2k▲
Remuneration, social security and pensions62€30k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Other operating charges640/8€313€1k▲
Gross operating margin9900€28k€15k▼
Operating profit (loss)9901€-12k€-3k▲
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€414€394▼
Recurring financial charges65€414€394▼
Profit (loss) for the period before taxes9903€-6k€718▲
Profit (loss) for the period9904€-6k€718▲
Profit (loss) for the period to be appropriated9905€-6k€718▲
Appropriation of the result
Profit (loss) to be appropriated9906€870€2k▲
Profit (loss) brought forward from the previous period14P€7k€870▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | €611 | €2k | ▲ 302% |
| Remuneration, social security and pensions62 | - | €6k | - | €30k | €10k | ▼ 65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | €10k | €11k | €7k | ▼ 30.9% |
| Other operating charges640/8 | - | €522 | €55 | €313 | €1k | ▲ 245% |
| Gross operating margin9900 | €20k | €4k | €7k | €28k | €15k | ▼ 46.1% |
| Operating profit (loss)9901 | €7k | €-12k | €-4k | €-12k | €-3k | ▲ 72.2% |
| Financial income75/76B | - | €5k | €5k | €7k | €5k | ▼ 33.2% |
| Recurring financial income75 | €17k | €5k | €5k | €7k | €5k | ▼ 33.2% |
| Non-recurring financial income76B | - | - | €413 | - | - | - |
| Financial charges65/66B | - | €172 | €651 | €414 | €394 | ▼ 4.8% |
| Recurring financial charges65 | €281 | €172 | €651 | €414 | €394 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €23k | €-8k | €633 | €-6k | €718 | ▲ 112% |
| Profit (loss) for the period9904 | €23k | €-8k | €633 | €-6k | €718 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-8k | €633 | €-6k | €718 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130k | €76k | €110k | €56k | €49k | ▼ 12.1% |
| Fixed assets21/28 | €36k | €26k | €20k | €9k | €2k | ▼ 78.5% |
| Tangible fixed assets22/27 | €36k | €26k | €20k | €9k | €2k | ▼ 80.1% |
| Plant, machinery and equipment23 | - | €26k | €20k | €9k | €2k | ▼ 80.1% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €94k | €50k | €90k | €46k | €47k | ▲ 1.2% |
| Stocks and contracts in progress3 | €32k | €20k | €27k | €32k | €38k | ▲ 18.8% |
| Stocks30/36 | - | €20k | €27k | €32k | €38k | ▲ 18.8% |
| Amounts receivable within one year40/41 | €59k | €25k | €35k | €4k | €6k | ▲ 46.2% |
| Trade receivables40 | - | €17k | €24k | - | - | - |
| Other amounts receivable41 | - | €8k | €11k | €4k | €6k | ▲ 46.2% |
| Cash at bank and in hand54/58 | €3k | €5k | €29k | €10k | €2k | ▼ 76.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €257 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130k | €76k | €110k | €56k | €49k | ▼ 12.1% |
| Equity10/15 | €54k | €42k | €38k | €27k | €23k | ▼ 14.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €93 | €93 | €93 | €93 | €93 | = |
| Non-distributable reserves130/1 | - | €93 | €93 | €93 | €93 | = |
| Reserves not available under the articles1311 | - | €93 | €93 | €93 | €93 | = |
| Profit (loss) carried forward14 | €14k | €6k | €7k | €870 | €2k | ▲ 82.6% |
| Investment grants15 | - | €17k | €12k | €8k | €3k | ▼ 60.0% |
| Amounts payable17/49 | €76k | €34k | €72k | €28k | €26k | ▼ 10.1% |
| Amounts payable within one year42/48 | €76k | €34k | €72k | €28k | €26k | ▼ 10.1% |
| Trade debts44 | €19k | €33k | €71k | €26k | €20k | ▼ 24.6% |
| Suppliers440/4 | - | €33k | €71k | €26k | €20k | ▼ 24.6% |
| Taxes, remuneration and social security45 | - | €2k | €1k | €2k | €6k | ▲ 140% |
| Taxes450/3 | - | €176 | €1k | €2k | €34 | ▼ 98.0% |
| Remuneration and social security454/9 | - | €2k | €20 | €801 | €6k | ▲ 644% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-8k | €633 | €-6k | €718 | ▲ 112% |
| + Depreciation and write-downs630 | €11k | €10k | €10k | €11k | €7k | ▼ 30.9% |
| Operating cash flow (approximation) | €34k | €2k | €11k | €5k | €8k | ▲ 77.0% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €0 | €0 | - |
| Change in cash | - | €2k | €23k | €-18k | €-8k | ▲ 58.1% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €718
Net result €718 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
31-12
Financial
Back to profitnet €633
Net result €633 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €23k ▲182%
Operating result €7k, net result €23k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schaarbeek · 2 establishment units since 2008
Ground area
217 m²
Building footprint
217 m²
Volume, LiDAR
2,398 m³
2 parcels, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
METROPOL SHOPPING
since 20082.178.425.010
AREZO SALON LAVOIR
since 20182.279.830.887
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0207/00T002 ProtectedSite or landscapeLouis Bertrandlaan |
Brussels | 113 m² | 1 · 113 m² | 18.9 m · 5 fl. |
| 21910E0208/00S004 | Brussels | 104 m² | 1 · 103 m² | 17.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.178.425.010
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,254 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
Founded13-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
96102Launderettes and laundries for private customers
Scores and ratios are computed by Checked and are not a credit decision.