ISPAHAN
ActiveSummary
The computed 12-month bankruptcy probability of ISPAHAN is 6.1% (elevated). The 2020 annual accounts show negative equity (€-40k). Equity remains stable across the filed fiscal years (±1.3% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability-
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2020Solvency, return and age of the figures
Solvency
-383.6%
Age of the figures
69 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
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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
Go further with this company
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Financials · fiscal year 2020, micro schema
Equity
€-40k=
2019 · €-40k
Total assets
€10k=
2019 · €10k
Net result
€-1k▼ 15.7%
2018 · €-889
Working capital
€-41k=
2019 · €-41k
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
Operating result€-850-€-1k▼ 21.1%
Net result€-889-€-1k▼ 15.7%
Equity€-39k-€-40k▼ 2.6%€-40k=
Total assets€10k-€10k=€10k=
Debt€50k-€51k▲ 2.1%€51k=
Working capital€-40k-€-41k▼ 2.6%€-41k=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2019 against €850 in 2018; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €10k
Fixed assets
€988 =
Current assets
€9k =
Key figures and ratios
Solvency
-383.6%=
2019 · -383.6%
Current ratio
0.19=
2019 · 0.19
Quick ratio
0.06=
2019 · 0.06
Debt ≤ 1 year
€51k=
2019 · €51k
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 |
|---|---|---|---|---|
| Gross operating margin9900 | €-850 | €-1k | - | - |
| Operating profit (loss)9901 | €-850 | €-1k | - | - |
| Recurring financial charges65 | €39 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-889 | €-1k | - | - |
| Profit (loss) for the period9904 | €-889 | €-1k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-889 | €-1k | - | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10k | €10k | €10k | = |
| Fixed assets21/28 | €988 | €988 | €988 | = |
| Financial fixed assets28 | €988 | €988 | €988 | = |
| Current assets29/58 | €9k | €9k | €9k | = |
| Stocks and contracts in progress3 | €6k | €6k | €6k | = |
| Amounts receivable within one year40/41 | €3k | €3k | €3k | = |
| Cash at bank and in hand54/58 | €69 | €69 | €69 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10k | €10k | €10k | = |
| Equity10/15 | €-39k | €-40k | €-40k | = |
| Contributions10/11 | €219k | €219k | €219k | = |
| Reserves13 | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-265k | €-266k | €-266k | = |
| Amounts payable17/49 | €50k | €51k | €51k | = |
| Amounts payable within one year42/48 | €50k | €51k | €51k | = |
| Trade debts44 | €42k | €43k | €43k | = |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-889 | €-1k | - | - |
| Operating cash flow (approximation) | €-889 | €-1k | - | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €0 | €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
2025
08-09
KBO administration
Late accounts filing
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
28-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 2002
Ground area
287 m²
Building footprint
258 m²
Volume, LiDAR
6,525 m³
Parcel 21822R0223/00V004, Brussels · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20022.048.259.522
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0223/00V004 | Brussels | 287 m² | 1 · 258 m² | 31.7 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded02-05-1990
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.