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ISONEST

Active
Private limited companyfounded 20242 yrs activeRue Léopold Genicot, ZI, Nov. 5, 5380 Fernelmont, BelgiumKBO/BCE: BE 1005.296.815
Summary

The computed 12-month bankruptcy probability of ISONEST is 3.2% (moderate). The 2024 annual accounts show equity of €26,886 and a net result of €6,886. Its solvency ranks better than 22% of 3551 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability75
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.16; short-term debt: 78.4% and cash: 59.3% of total assets), and 79.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
20.5%
Return on assets
5.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3551 sector peers (2024).
NBB · sector comparison
Position among 3551 sector peers
Solvency
better than 22%
← weakest strongest →
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 22-05-2025, 70 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
70 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 70 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ISONEST was incorporated on 29 January 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,886
Working capital
€16,393
Balance-sheet composition
Assets €131,387
Fixed assets €11,993
Current assets €119,394
Equity and liabilities €131,387
Equity €26,886
Debt €104,501
Debt finances 79.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€11,698
Cash flow
€8,958
Current ratio
1.16
Quick ratio
1.10
Debt to equity
3.89
ROE
25.6%
ROA
5.2%
Interest coverage
27.31
Debt ≤ 1 year
€103,001
Income taxes
€2,311

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€131,387
Fixed assets21/28€11,993
Intangible fixed assets21€11,993
Current assets29/58€119,394
Stocks and contracts in progress3€6,000
Stocks30/36€6,000
Amounts receivable within one year40/41€28,202
Trade receivables40€18,192
Other amounts receivable41€10,010
Cash at bank and in hand54/58€77,930
Deferred charges and accrued income490/1€7,263
Equity and liabilities
Total equity and liabilities10/49€131,387
Equity10/15€26,886
Contributions10/11€20,000
Profit (loss) carried forward14€6,886
Amounts payable17/49€104,501
Amounts payable within one year42/48€103,001
Trade debts44€47,715
Suppliers440/4€47,715
Advances received on contracts in progress46€52,485
Taxes, remuneration and social security45€2,311
Taxes450/3€2,311
Other amounts payable47/48€490
Accrued charges and deferred income492/3€1,500
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,072
Other operating charges640/8€543
Gross operating margin9900€12,241
Operating profit (loss)9901€9,626
Financial charges65/66B€428
Recurring financial charges65€428
Profit (loss) for the period before taxes9903€9,197
Income taxes67/77€2,311
Profit (loss) for the period9904€6,886
Profit (loss) for the period to be appropriated9905€6,886
Appropriation of the result
Profit (loss) to be appropriated9906€6,886

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,072
Other operating charges640/8€543
Gross operating margin9900€12,241
Operating profit (loss)9901€9,626
Financial charges65/66B€428
Recurring financial charges65€428
Profit (loss) for the period before taxes9903€9,197
Income taxes67/77€2,311
Profit (loss) for the period9904€6,886
Profit (loss) for the period to be appropriated9905€6,886
Line2024
Assets
Total assets20/58€131,387
Fixed assets21/28€11,993
Intangible fixed assets21€11,993
Current assets29/58€119,394
Stocks and contracts in progress3€6,000
Stocks30/36€6,000
Amounts receivable within one year40/41€28,202
Trade receivables40€18,192
Other amounts receivable41€10,010
Cash at bank and in hand54/58€77,930
Deferred charges and accrued income490/1€7,263
Equity and liabilities
Total equity and liabilities10/49€131,387
Equity10/15€26,886
Contributions10/11€20,000
Profit (loss) carried forward14€6,886
Amounts payable17/49€104,501
Amounts payable within one year42/48€103,001
Trade debts44€47,715
Suppliers440/4€47,715
Advances received on contracts in progress46€52,485
Taxes, remuneration and social security45€2,311
Taxes450/3€2,311
Other amounts payable47/48€490
Accrued charges and deferred income492/3€1,500
Line2024
Profit (loss) for the period9904€6,886
+ Depreciation and write-downs630€2,072
Operating cash flow (approximation)€8,958

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
22-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
NBB filing
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
Registered office, Fernelmont · 1 establishment unit since 2024
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.

Rue Léopold Genicot, ZI, Nov. 55380 Fernelmont
1 establishment unit
ISONEST
Rue Léopold Genicot, ZI, Nov. 5, 5380 FernelmontSpecialised construction activities
since 20242.355.436.152

Similar companies · same sector, comparable size

Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 932 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
Founded29-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43240Other construction installation
43990Other specialised construction activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005296815
Registered 11-04-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.