ISL BELGIEN
ActiveISL BELGIEN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €48k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 8.62 against 4.65 in 2024), and 13.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
86.7%
Return on assets
19.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
32 d late
2024
8 d early
2023
5 d early
2022
28 d late
2021
50 d late
2020
31 d late
2019
50 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k▲ 70.2%
2024 · €28k
2018: €-12k
2019: €53k
2020: €57k
2021: €-25k
2022: €90k
2023: €-17k
2024: €28k
2018 → 2025
Working capital
€196k▲ 65.2%
2024 · €119k
2018: €-76k
2019: €-60k
2020: €12k
2021: €-83k
2022: €-3k
2023: €48k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€155k▲ 139%€137k▼ 11.2%€165k▲ 20.4%€213k▲ 28.8%
Operating result€-16k-€98k€-13k€38k€66k▲ 74.4%
Net result€-25k-€90k€-17k€28k€48k▲ 70.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245k
Fixed assets
€24k▼ 56.1%
Current assets
€222k▲ 46.6%
Equity and liabilities €245k
Equity
€213k▲ 28.8%
Provisions
€7k▼ 10.4%
Debt
€26k▼ 21.0%
The debt ratio falls from 15.8% to 10.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€97k▲
2024 · €76k
Cash flow
€78k▲
2024 · €66k
Solvency
86.7%▲
2024 · 80.4%
Current ratio
8.62▲
2024 · 4.65
Quick ratio
6.42▲
2024 · 4.32
Debt / equity
0.12▼
2024 · 0.20
ROE
22.4%▲
2024 · 16.9%
ROA
19.4%▲
2024 · 13.6%
Interest coverage
250.26▲
2024 · 35.73
Debt
€26k▼
2024 · €33k
Debt ≤ 1 year
€26k▼
2024 · €33k
Income taxes
€19k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€205k€245k▲
Fixed assets21/28€54k€24k▼
Tangible fixed assets22/27€54k€24k▼
Plant, machinery and equipment23€30k€11k▼
Furniture and vehicles24€24k€12k▼
Financial fixed assets28€35€35=
Current assets29/58€151k€222k▲
Stocks and contracts in progress3€11k€57k▲
Stocks30/36€11k€57k▲
Amounts receivable within one year40/41€22k€28k▲
Trade receivables40€8k€23k▲
Other amounts receivable41€15k€5k▼
Cash at bank and in hand54/58€112k€133k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€205k€245k▲
Equity10/15€165k€213k▲
Contributions10/11€20k€20k=
Reserves13€32k€30k▼
Tax-exempt reserves132€23k€21k▼
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€112k€162k▲
Provisions and deferred taxes16€8k€7k▼
Deferred taxes168€8k€7k▼
Amounts payable17/49€33k€26k▼
Amounts payable within one year42/48€33k€26k▼
Trade debts44€8k€7k▼
Suppliers440/4€8k€7k▼
Taxes, remuneration and social security45€24k€19k▼
Taxes450/3€9k€15k▲
Remuneration and social security454/9€16k€4k▼
Other amounts payable47/48€33€33=
Income statement
Code20242025
Non-recurring operating income76A€26k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€30k▼
Other operating charges640/8€620€820▲
Gross operating margin9900€77k€98k▲
Operating profit (loss)9901€38k€66k▲
Financial income75/76B€76€32▼
Recurring financial income75€76€32▼
Financial charges65/66B€2k€387▼
Recurring financial charges65€2k€387▼
Profit (loss) for the period before taxes9903€36k€66k▲
Transfer from deferred taxes780€800€800=
Transfer to deferred taxes680€7k-
Income taxes67/77€2k€19k▲
Profit (loss) for the period9904€28k€48k▲
Transfer from tax-exempt reserves789€2k€2k=
Transfer to tax-exempt reserves689€20k-
Profit (loss) for the period to be appropriated9905€11k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€162k▲
Profit (loss) brought forward from the previous period14P€101k€112k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
31-12
Financial
Equity above €200kEq €213k ▲28.8%
2 profitable years in a row build equity to €213k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.65
Current ratio from 1.28 to 4.65; short-term debt falls from €172k to €33k.
31-12
Financial
Equity above €150kEq €165k ▲20.4%
Equity rises from €137k to €165k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
31-12
Financial
Equity above €150kEq €155k ▲139%
Equity rises from €65k to €155k.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 50 days late
2021
31-12
Financial
Weakest financial yearnet €-25k ▼144%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 31 days late
2020
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 50 days late
2019
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Raeren · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gewerbestrasse 384731 Raeren1 establishment unit
ISL Belgien GmbH
since 19932.026.687.613
Similar companies · same sector, comparable size
Proligna
BE 0678.378.705
Begijnendijk · Eq €212k
BELGIAN TIMBER
BE 0809.271.097
Waregem · Eq €211k
HOUTHANDEL DESMET
BE 0418.979.523
Tielt · Eq €211k
MONDIACOM
BE 0471.599.845
Couvin · Eq €210k
HOVETA
BE 0430.123.635
Amel · Eq €210k
Of 858 companies in sector 46832 we hold annual accounts for 587. 401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-1985
Fiscal year end31-12
Activities, NACEBEL
46832Wholesale of timber
46649Wholesale of other machinery and equipment
51873
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.