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ispra

Active
Private limited company (pre-2019)founded 201511 yrs activeEmile Jacqmainlaan 130, 1000 Brussel, BelgiumKBO/BCE: BE 0627.809.338
Summary

The annual accounts of ispra for fiscal year 2025 show a net loss of 134% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €103 and a net result of -€138. Equity is shrinking by ~31.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 95% of 3221 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 · 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 2025
Age of the figures
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 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 filings
Deviation from the deadline
2025
16 d late
2024
11 d late
2023
15 d late
2022
29 d late
2021
22 d late
2020
23 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

On 1 April 2015, ispra was incorporated.1 Total assets went from EUR 1,851 in 2018 to EUR 1,801 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2025, full schema

Turnover
€500
EBIT margin
-76.4%
Net result
-€138▼ 9.5%
2024 · -€126
Working capital
-€1,065▲ 6.3%
2022 · -€1,137
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€772-€348▲ 54.9%€116-€75-€88▼ 17.3%
Net result-€813below the sector's middle half-€416below the sector's middle half▲ 48.8%€72below the sector's middle half-€126below the sector's middle half-€138within the sector's middle half▼ 9.5%
EBIT margin
Equity€711below the sector's middle half▼ 53.3%€295below the sector's middle half▼ 58.5%€367below the sector's middle half▲ 24.4%€241below the sector's middle half▼ 34.3%€103below the sector's middle half▼ 57.3%
Total assets€1,645below the sector's middle half▼ 18.7%€1,729below the sector's middle half▲ 5.1%€1,801below the sector's middle half▲ 4.2%€241below the sector's middle half▼ 86.6%€103below the sector's middle half▼ 57.3%
Debt€934▲ 86.8%€1,434▲ 53.5%€1,434=
Working capital-€721-€1,137▼ 57.7%-€1,065▲ 6.3%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1,000-€750-€500-€250€0Operating result 2021: -€772-€772Net result 2021: -€813-€813Operating result 2022: -€348-€348Net result 2022: -€416-€416Operating result 2023: €116€116Net result 2023: €72€72Operating result 2024: -€75-€75Net result 2024: -€126-€126Operating result 2025: -€88-€88Net result 2025: -€138-€13820212022202320242025-€200-€100€0€100Operating result 2023: €116€116Net result 2023: €72€72Operating result 2024: -€75-€75Net result 2024: -€126-€126Operating result 2025: -€88-€88Net result 2025: -€138-€138202320242025
The operating result stays negative: a loss of €88 in 2025 against €75 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103
Fixed assets €8 =
Current assets €95 ▼ 59.2%

Peer companies

Historical observation

Of the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.9% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% 1.7%
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 75% 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 4,815 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 · 2025 against 2024 · 22 lines
Balance sheet Code20242025
Assets
Total assets20/58€241€103▼
Fixed assets21/28€8€8=
Financial fixed assets28€8€8=
Current assets29/58€233€95▼
Cash at bank and in hand54/58€233€95▼
Equity and liabilities
Total equity and liabilities10/49€241€103▼
Equity10/15€241€103▼
Contributions10/11€12,400€12,400=
Capital10€12,400€12,400=
Issued capital100€18,550€18,550=
Uncalled capital101€6,150€6,150=
Profit (loss) carried forward14-€12,159-€12,297▼
Income statement Code20242025
Other operating charges640/8€462€88▼
Gross operating margin9900€387-
Operating profit (loss)9901-€75-€88▼
Financial charges65/66B€51€50▼
Recurring financial charges65€51€50▼
Profit (loss) for the period before taxes9903-€126-€138▼
Profit (loss) for the period9904-€126-€138▼
Profit (loss) for the period to be appropriated9905-€126-€138▼
Appropriation of the result
Profit (loss) to be appropriated9906-€12,159-€12,297▼
Profit (loss) brought forward from the previous period14P-€12,033-€12,159▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€348€384€462€88▼ 81.0%
Gross operating margin9900-€424-€500€387--
Operating profit (loss)9901-€772-€348€116-€75-€88▼ 17.3%
Financial charges65/66B€41€68€44€51€50▼ 2.0%
Recurring financial charges65€41€68€44€51€50▼ 2.0%
Profit (loss) for the period before taxes9903-€813-€416€72-€126-€138▼ 9.5%
Profit (loss) for the period9904-€813-€416€72-€126-€138▼ 9.5%
Profit (loss) for the period to be appropriated9905-€813-€416€72-€126-€138▼ 9.5%
Line20212022202320242025Change
Assets
Total assets20/58€1,645€1,729€1,801€241€103▼ 57.3%
Formation expenses20€1,424€1,424€1,424---
Fixed assets21/28€8€8€8€8€8=
Financial fixed assets28€8€8€8€8€8=
Current assets29/58€213€297€369€233€95▼ 59.2%
Cash at bank and in hand54/58€213€297€369€233€95▼ 59.2%
Equity and liabilities
Total equity and liabilities10/49€1,645€1,729€1,801€241€103▼ 57.3%
Equity10/15€711€295€367€241€103▼ 57.3%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Capital10€12,400€12,400€12,400€12,400€12,400=
Issued capital100€18,550€18,550€18,550€18,550€18,550=
Uncalled capital101€6,150€6,150€6,150€6,150€6,150=
Profit (loss) carried forward14-€11,689-€12,105-€12,033-€12,159-€12,297▼ 1.1%
Amounts payable17/49€934€1,434€1,434---
Amounts payable within one year42/48€934€1,434€1,434---
Other amounts payable47/48€934€1,434€1,434---
Line20212022202320242025Change
Profit (loss) for the period9904-€813-€416€72-€126-€138▼ 9.5%
Operating cash flow (approximation)-€813-€416€72-€126-€138▼ 9.5%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€84€72-€136-€138▼ 1.5%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
16-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 16 days late
2025
11-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
15-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
31-12
Financial Back to profitnet €72
Net result €72 after 2 loss-making years.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
22-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
23-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial Back to profitnet €546
Net result €546 after 2 loss-making years.
31-12
Financial Liquidity times 11current ratio 1.20
Current ratio from 0.11 to 1.20.
28-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial Weakest financial yearnet -€873
Net result drops to -€873, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Brussel
exact location from the address register On OpenStreetMap
Ground area
1,457 m²
Building footprint
1,271 m²
Volume, LiDAR
23,385 m³
Parcel 21812N0950/00P008, Brussels · tallest building 22.0 m, ±6 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N0950/00P008 Brussels 1,456 m² 1 · 1,271 m² 22.0 m · 6 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 665 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 (pre-2019)
Founded01-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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Register as of 27 September 2026 · Peppol Directory

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