ISM CONCEPT
ActiveThe computed 12-month bankruptcy probability of ISM CONCEPT is 4.3% (elevated). The 2025 annual accounts show equity of €10k and a net result of €606. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 27619 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-9
Solvency59▲+12
Growth52=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.51 against 1.28 in 2024; short-term debt: 66.3% and cash: 13.2% of total assets), but 66.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
153 d late
2023
453 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 6.2%
2024 · €10k
2023: €7k
2024: €10k
2023 → 2025
Total assets
€31k▼ 31.6%
2024 · €45k
2023: €29k
2024: €45k
2023 → 2025
Net result
€606▼ 75.2%
2024 · €2k
2023: €6k
2024: €2k
2023 → 2025
Working capital
€10k▲ 6.2%
2024 · €10k
2023: €7k
2024: €10k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€7k-€10k▲ 33.1%€10k▲ 6.2%
Operating result€6k-€4k▼ 40.1%€2k▼ 42.4%
Net result€6k-€2k▼ 56.0%€606▼ 75.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31k
Equity
€10k▲ 6.2%
Debt
€21k▼ 42.1%
The debt ratio falls from 78.3% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
33.7%▲
2024 · 21.7%
Current ratio
1.51▲
2024 · 1.28
Quick ratio
1.51▲
2024 · 1.28
Debt / equity
1.97▼
2024 · 3.61
ROE
5.8%▼
2024 · 24.9%
ROA
2.0%▼
2024 · 5.4%
Debt
€21k▼
2024 · €35k
Debt ≤ 1 year
€21k▼
2024 · €35k
Income taxes
€485▼
2024 · €912
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€45k€31k▼
Current assets29/58€45k€31k▼
Amounts receivable within one year40/41€45k€27k▼
Trade receivables40€45k€13k▼
Other amounts receivable41-€14k
Cash at bank and in hand54/58€190€4k▲
Equity and liabilities
Total equity and liabilities10/49€45k€31k▼
Equity10/15€10k€10k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€4k€4k▲
Amounts payable17/49€35k€21k▼
Amounts payable within one year42/48€35k€21k▼
Financial debts43€29€29▲
Credit institutions430/8€29€29▲
Trade debts44€30k€17k▼
Suppliers440/4€30k€17k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€77-
Other operating charges640/8€810€325▼
Gross operating margin9900€4k€2k▼
Operating profit (loss)9901€4k€2k▼
Financial charges65/66B€163€932▲
Recurring financial charges65€163€932▲
Profit (loss) for the period before taxes9903€3k€1k▼
Income taxes67/77€912€485▼
Profit (loss) for the period9904€2k€606▼
Profit (loss) for the period to be appropriated9905€2k€606▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€4k▲
Profit (loss) brought forward from the previous period14P€1k€4k▲
The notes to these accounts (1 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €606 ▼75.2%
Net result drops to €606, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 453 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Agatha-Berchem · 1 establishment unit since 2021
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.
Georges Remystraat 411082 Sint-Agatha-BerchemGround area
59 m²
Building footprint
62 m²
Volume, LiDAR
593 m³
Parcel 21342B0143/00L002, Brussels · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ISM CONCEPT
since 20212.342.472.103
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0143/00L002 | Brussels | 59 m² | 1 · 62 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ERSOP
BE 0808.524.296
Le Roeulx · Eq €10k
PELLETKACHELS VANHEES
BE 0563.449.244
Westerlo · Eq €10k
LDS TECHNICS
BE 1008.133.470
Grez-Doiceau · Eq €10k
CLIMATICS
BE 0469.990.239
Nijlen · Eq €10k
GROUPE E2SERS
BE 1020.368.734
Sint-Lambrechts-Woluwe · Eq €10k
Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 2,601 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2021
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.