ISP1-RG
ActiveISP1-RG has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €859k and a net result of €957k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 30% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency9▲+4
Growth44▲+8
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.36 in 2024), and 85.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
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
14.2%
Return on assets
15.8%
Age of the figures
9 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €859k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
73 d early
2023
63 d early
2022
69 d early
2021
67 d early
2020
42 d early
2019
66 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.09M▲ 8.3%
2024 · €3.78M
2018: €4.63M
2019: €4.41M
2020: €4.36M
2021: €4.36M
2022: €6.16M
2023: €4.45M
2024: €3.78M
2018 → 2025
EBIT margin
37.7%▲ 4.9pp
2024 · 32.8%
2018: 44.3%
2019: 32.9%
2020: 41.2%
2021: 41.8%
2022: 54.1%
2023: 42.1%
2024: 32.8%
2018 → 2025
Net result
€957k▲ 46.5%
2024 · €653k
2018: €978k
2019: €452k
2020: €920k
2021: €993k
2022: €2.02M
2023: €1.03M
2024: €653k
2018 → 2025
Working capital
€-1.97M▼ 7.0%
2024 · €-1.84M
2018: €1.29M
2019: €728k
2020: €387k
2021: €-13k
2022: €-308k
2023: €-400k
2024: €-1.84M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.36M-€6.16M▲ 41.1%€4.45M▼ 27.8%€3.78M▼ 15.1%€4.09M▲ 8.3%
Equity€609k-€609k=€609k=€609k=€859k▲ 41.1%
Operating result€1.82M-€3.33M▲ 82.9%€1.87M▼ 43.7%€1.24M▼ 33.8%€1.54M▲ 24.4%
Net result€993k-€2.02M▲ 103%€1.03M▼ 48.8%€653k▼ 36.8%€957k▲ 46.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.04M
Fixed assets
€4.86M▼ 28.6%
Current assets
€1.18M▲ 15.4%
Equity and liabilities €6.04M
Equity
€859k▲ 41.1%
Debt
€5.18M▼ 28.3%
The debt ratio falls from 92.2% to 85.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.50M▲
2024 · €3.20M
Cash flow
€2.91M▲
2024 · €2.61M
Solvency
14.2%▲
2024 · 7.8%
Current ratio
0.37▲
2024 · 0.36
Quick ratio
0.37▲
2024 · 0.36
Debt / equity
6.03▼
2024 · 11.87
ROE
111.4%▲
2024 · 107.2%
ROA
15.8%▲
2024 · 8.3%
Interest coverage
12.81▲
2024 · 8.50
Debt
€5.18M▼
2024 · €7.23M
Debt ≤ 1 year
€3.15M▲
2024 · €2.86M
Debt > 1 year
€2.02M▼
2024 · €4.34M
Income taxes
€319k▲
2024 · €218k
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€7.84M€6.04M▼
Fixed assets21/28€6.82M€4.86M▼
Tangible fixed assets22/27€5.57M€3.62M▼
Leasing and similar rights25€5.57M€3.62M▼
Financial fixed assets28€1.24M€1.25M▲
Other financial fixed assets284/8€1.24M€1.25M▲
Amounts receivable and cash guarantees285/8€1.24M€1.25M▲
Current assets29/58€1.02M€1.18M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€235k€181k▼
Trade receivables40€119k€145k▲
Other amounts receivable41€117k€36k▼
Cash at bank and in hand54/58€774k€983k▲
Deferred charges and accrued income490/1€10k€13k▲
Equity and liabilities
Total equity and liabilities10/49€7.84M€6.04M▼
Equity10/15€609k€859k▲
Contributions10/11€554k€554k=
Capital10€554k€554k=
Issued capital100€554k€554k=
Reserves13€55k€305k▲
Non-distributable reserves130/1€55k€55k=
Legal reserve130€55k€55k=
Distributable reserves133-€250k
Amounts payable17/49€7.23M€5.18M▼
Amounts payable after more than one year17€4.34M€2.02M▼
Financial debts170/4€4.34M€2.02M▼
Leasing and similar obligations172€4.34M€2.02M▼
Amounts payable within one year42/48€2.86M€3.15M▲
Current portion of amounts payable after more than one year42€2.14M€2.31M▲
Trade debts44€67k€117k▲
Suppliers440/4€67k€117k▲
Taxes, remuneration and social security45€0€12k▲
Taxes450/3€0€12k▲
Other amounts payable47/48€653k€707k▲
Accrued charges and deferred income492/3€29k€11k▼
Income statement
Code20242025
Operating income70/76A€3.83M€4.09M▲
Turnover70€3.78M€4.09M▲
Other operating income74€48k€0▼
Operating charges60/66A€2.59M€2.55M▼
Services and other goods61€590k€593k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.96M€1.96M=
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€40k€0▼
Operating profit (loss)9901€1.24M€1.54M▲
Financial income75/76B€7k€7k▼
Recurring financial income75€7k€7k▼
Income from current assets751€7k€7k▼
Financial charges65/66B€376k€274k▼
Recurring financial charges65€376k€274k▼
Debt charges650€376k€273k▼
Other financial charges652/9€480€581▲
Profit (loss) for the period before taxes9903€871k€1.28M▲
Income taxes67/77€218k€319k▲
Taxes670/3€218k€319k▲
Profit (loss) for the period9904€653k€957k▲
Profit (loss) for the period to be appropriated9905€653k€957k▲
Appropriation of the result
Profit (loss) to be appropriated9906€653k€957k▲
Transfer to equity691/2-€250k
To other reserves6921-€250k
Profit to be distributed694/7€653k€707k▲
Return on contributions (dividend)694€653k€707k▲
The notes to these accounts (34 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €2.02M ▲103%
Operating result €3.33M, net result €2.02M, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €452k ▼53.8%
Net result drops to €452k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Brussel · 1 establishment unit since 2010
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.
Oude Graanmarkt 631000 BrusselGround area
7,758 m²
Building footprint
456 m²
Volume, LiDAR
7,643 m³
Parcel 21811M0705/00H000, Brussels · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ISP1-RG
since 20102.191.733.509
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0705/00H000 | Brussels | 7,758 m² | 1 · 456 m² | 19.0 m · 6 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.
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Of 816 companies in sector 35110 we hold annual accounts for 632. 438 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-07-2010
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
43990Other specialised construction activities
43999Specialised construction activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.