ISO-BAT
InactiveISO-BAT was declared bankrupt on 15-12-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 19-01-2026, published in the Belgian State Gazette on 23-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 15-10-2021, 76 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
76 d late
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€109,655▲ 149%
2018 · €44,101
EBIT margin
20.2%▲ 34.7pp
2018 · -14.4%
Net result
-€5,973
2019 · €17,150
Working capital
€7,218▼ 8.2%
2019 · €7,864
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€44,101-€109,655▲ 149%
Operating result-€6,364-€22,183-€5,741
Net result-€6,752-€17,150-€5,973
EBIT margin-14.4%-20.2%▲ 34.7pp
Equity-€1,233-€15,918€9,945▼ 37.5%
Total assets€19,455-€35,788▲ 84.0%€46,209▲ 29.1%
Debt€20,688-€19,870▼ 4.0%€36,264▲ 82.5%
Working capital-€7,870-€7,864€7,218▼ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €5,741 after €22,183 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €46,050
Fixed assets
€2,568 ▼ 70.1%
Current assets
€43,482 ▲ 61.9%
Equity and liabilities €46,209
Equity
€9,945 ▼ 37.5%
Debt
€36,264 ▲ 82.5%
Debt's share of the balance-sheet total rises from 55.5% to 78.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€458▼
2019 · €28,559
Cash flow
€227▼
2019 · €23,527
Current ratio
1.20▼
2019 · 1.41
ROE
-60.1%▼
2019 · 107.7%
ROA
-12.9%▼
2019 · 47.9%
Debt ≤ 1 year
€36,264▲
2019 · €18,998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €44,101 | €109,655 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,484 | €6,376 | €6,199 | ▼ 2.8% |
| Gross operating margin9900 | €4,388 | €33,144 | €2,300 | ▼ 93.1% |
| Operating profit (loss)9901 | -€6,364 | €22,183 | -€5,741 | ▼ 126% |
| Recurring financial income75 | - | - | €15 | - |
| Recurring financial charges65 | €388 | €421 | €246 | ▼ 41.4% |
| Profit (loss) for the period before taxes9903 | -€6,752 | €21,762 | -€5,973 | ▼ 127% |
| Income taxes67/77 | - | €4,612 | - | - |
| Profit (loss) for the period9904 | -€6,752 | €17,150 | -€5,973 | ▼ 135% |
| Profit (loss) for the period to be appropriated9905 | -€6,752 | €17,150 | -€5,973 | ▼ 135% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19,455 | €35,788 | €46,209 | ▲ 29.1% |
| Formation expenses20 | €523 | €341 | €159 | ▼ 53.4% |
| Fixed assets21/28 | €10,427 | €8,585 | €2,568 | ▼ 70.1% |
| Tangible fixed assets22/27 | €10,377 | €8,535 | €2,518 | ▼ 70.5% |
| Financial fixed assets28 | €50 | €50 | €50 | = |
| Current assets29/58 | €8,506 | €26,862 | €43,482 | ▲ 61.9% |
| Amounts receivable within one year40/41 | €8,075 | €25,406 | €42,237 | ▲ 66.2% |
| Cash at bank and in hand54/58 | €1 | €1,102 | €1,245 | ▲ 13.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19,455 | €35,788 | €46,209 | ▲ 29.1% |
| Equity10/15 | -€1,233 | €15,918 | €9,945 | ▼ 37.5% |
| Contributions10/11 | €10,070 | €10,070 | - | - |
| Profit (loss) carried forward14 | -€11,303 | €5,848 | -€125 | ▼ 102% |
| Amounts payable17/49 | €20,688 | €19,870 | €36,264 | ▲ 82.5% |
| Amounts payable after more than one year17 | €4,290 | €873 | - | - |
| Amounts payable within one year42/48 | €16,375 | €18,998 | €36,264 | ▲ 90.9% |
| Trade debts44 | €974 | €620 | €9,871 | ▲ 1,492% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,752 | €17,150 | -€5,973 | ▼ 135% |
| + Depreciation and write-downs630 | €5,484 | €6,376 | €6,199 | ▼ 2.8% |
| Operating cash flow (approximation) | -€1,267 | €23,527 | €227 | ▼ 99.0% |
| Investment in fixed assets (approximation) | - | -€4,535 | -€182 | ▲ 96.0% |
| Change in cash | - | €1,101 | €144 | ▼ 87.0% |
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
2026
23-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 19-01-2026
2021
21-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-12-2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 76 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17,150
Net result €17,150 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.41
Current ratio from 0.52 to 1.41.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ERIC CREYTENS CENTRUMLAAN 48, 9400 NINOVE- |
15-12-2021 → 19-01-2026 |