ISRO
ActiveSummary
The computed 12-month bankruptcy probability of ISRO is 1.9% (moderate). The 2025 annual accounts show equity of €83k and a net result of €17k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 72% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+12
Solvency93▲+18
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.0 in 2024; short-term debt: 28.5% and cash: 7.1% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
67.7%
Return on assets
13.9%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 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 · 5 filingsDeviation from the deadline
2025
26 d late
2024
30 d early
2023
6 d early
2022
50 d late
2021
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 25.8%
2024 · €66k
2021: €34klowest in 5 years
2022: €46k▲ +36.6% vs 2021
2023: €61k▲ +30.9% vs 2022
2024: €66k▲ +8.3% vs 2023
2025: €83k▲ +25.8% vs 2024highest in 5 years
2021 → 2025
Total assets
€122k▼ 6.4%
2024 · €131k
2021: €50klowest in 5 years
2022: €61k▲ +22.8% vs 2021
2023: €126k▲ +107% vs 2022
2024: €131k▲ +3.6% vs 2023highest in 5 years
2025: €122k▼ -6.4% vs 2024
2021 → 2025
Net result
€17k▲ 236%
2024 · €5k
2021: €32khighest in 5 years
2022: €12k▼ -60.5% vs 2021
2023: €14k▲ +15.2% vs 2022
2024: €5k▼ -64.8% vs 2023lowest in 5 years
2025: €17k▲ +236% vs 2024
2021 → 2025
Working capital
€62k▲ 40.8%
2024 · €44k
2021: €14klowest in 5 years
2022: €32k▲ +119% vs 2021
2023: €21k▼ -33.4% vs 2022
2024: €44k▲ +108% vs 2023
2025: €62k▲ +40.8% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€46k▲ 36.6%€61k▲ 30.9%€66k▲ 8.3%€83k▲ 25.8%
2021: €34klowest in 5 years
2022: €46k▲ +36.6% vs 2021
2023: €61k▲ +30.9% vs 2022
2024: €66k▲ +8.3% vs 2023
2025: €83k▲ +25.8% vs 2024highest in 5 years
Operating result€43k-€18k▼ 59.3%€29k▲ 63.5%€833▼ 97.1%€24k▲ 2,840%
2021: €43khighest in 5 years
2022: €18k▼ -59.3% vs 2021
2023: €29k▲ +63.5% vs 2022
2024: €833▼ -97.1% vs 2023lowest in 5 years
2025: €24k▲ +2840% vs 2024
Net result€32k-€12k▼ 60.5%€14k▲ 15.2%€5k▼ 64.8%€17k▲ 236%
2021: €32khighest in 5 years
2022: €12k▼ -60.5% vs 2021
2023: €14k▲ +15.2% vs 2022
2024: €5k▼ -64.8% vs 2023lowest in 5 years
2025: €17k▲ +236% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,840% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€26k ▼ 39.9%
Current assets
€96k ▲ 10.0%
Equity and liabilities €122k
Equity
€83k ▲ 25.8%
Debt
€39k ▼ 39.1%
Debt's share of the balance-sheet total falls from 49.6% to 32.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €17k
Cash flow
€26k▲
2024 · €21k
Current ratio
2.77▲
2024 · 2.00
Debt to equity
0.48▼
2024 · 0.98
ROE
20.5%▲
2024 · 7.7%
ROA
13.9%▲
2024 · 3.9%
Interest coverage
159.64▼
2024 · 305.97
Debt ≤ 1 year
€35k▼
2024 · €44k
Debt > 1 year
€5k▼
2024 · €21k
Income taxes
€7k▲
2024 · €-4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€122k▼
Formation expenses20€0€0=
Fixed assets21/28€43k€26k▼
Tangible fixed assets22/27€43k€26k▼
Plant, machinery and equipment23€7k€17k▲
Furniture and vehicles24€12k€9k▼
Leasing and similar rights25€24k-
Current assets29/58€88k€96k▲
Amounts receivable within one year40/41€86k€88k▲
Trade receivables40€24k€34k▲
Other amounts receivable41€62k€54k▼
Cash at bank and in hand54/58€2k€9k▲
Equity and liabilities
Total equity and liabilities10/49€131k€122k▼
Equity10/15€66k€83k▲
Contributions10/11€3k€3k=
Reserves13€63k€80k▲
Distributable reserves133€63k€80k▲
Profit (loss) carried forward14€49€55▲
Amounts payable17/49€65k€39k▼
Amounts payable after more than one year17€21k€5k▼
Financial debts170/4€21k€5k▼
Amounts payable within one year42/48€44k€35k▼
Current portion of amounts payable after more than one year42€8k€1k▼
Financial debts43€3k€3k=
Other loans439€3k€3k=
Trade debts44€14k€7k▼
Suppliers440/4€14k€7k▼
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€1k€8k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€33-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€2k€990▼
Non-recurring operating charges66A€2k€13k▲
Gross operating margin9900€20k€47k▲
Operating profit (loss)9901€833€24k▲
Financial income75/76B€40€6▼
Recurring financial income75€40€6▼
Non-recurring financial income76B€40-
Financial charges65/66B€56€209▲
Recurring financial charges65€56€209▲
Profit (loss) for the period before taxes9903€818€24k▲
Income taxes67/77€-4k€7k▲
Profit (loss) for the period9904€5k€17k▲
Profit (loss) for the period to be appropriated9905€5k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€17k▲
Profit (loss) brought forward from the previous period14P€0€49▲
Transfer to equity691/2€5k€17k▲
To other reserves6921€5k€17k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13k | €8k | €113 | €33 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €15k | €16k | €9k | ▼ 45.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €990 | ▼ 37.3% |
| Non-recurring operating charges66A | - | €5k | - | €2k | €13k | ▲ 738% |
| Gross operating margin9900 | €66k | €41k | €46k | €20k | €47k | ▲ 133% |
| Operating profit (loss)9901 | €43k | €18k | €29k | €833 | €24k | ▲ 2,840% |
| Financial income75/76B | €0 | €4 | €0 | €40 | €6 | ▼ 84.4% |
| Recurring financial income75 | €0 | €4 | €0 | €40 | €6 | ▼ 84.4% |
| Non-recurring financial income76B | - | - | - | €40 | - | - |
| Financial charges65/66B | €34 | €59 | €3k | €56 | €209 | ▲ 274% |
| Recurring financial charges65 | €34 | €59 | €3k | €56 | €209 | ▲ 274% |
| Profit (loss) for the period before taxes9903 | €43k | €18k | €26k | €818 | €24k | ▲ 2,870% |
| Income taxes67/77 | €12k | €5k | €11k | €-4k | €7k | ▲ 273% |
| Profit (loss) for the period9904 | €32k | €12k | €14k | €5k | €17k | ▲ 236% |
| Profit (loss) for the period to be appropriated9905 | €32k | €12k | €14k | €5k | €17k | ▲ 236% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €61k | €126k | €131k | €122k | ▼ 6.4% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €20k | €15k | €61k | €43k | €26k | ▼ 39.9% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €20k | €15k | €61k | €43k | €26k | ▼ 39.9% |
| Land and buildings22 | - | €0 | €0 | - | - | - |
| Plant, machinery and equipment23 | €6k | €3k | €10k | €7k | €17k | ▲ 142% |
| Furniture and vehicles24 | €14k | €11k | €51k | €12k | €9k | ▼ 24.5% |
| Leasing and similar rights25 | - | €0 | €0 | €24k | - | - |
| Other tangible fixed assets26 | - | €0 | €0 | - | - | - |
| Assets under construction and advance payments27 | - | €0 | €0 | - | - | - |
| Financial fixed assets28 | - | €0 | €0 | - | - | - |
| Current assets29/58 | €30k | €46k | €65k | €88k | €96k | ▲ 10.0% |
| Amounts receivable after more than one year29 | - | €0 | €0 | - | - | - |
| Trade receivables290 | - | €0 | €0 | - | - | - |
| Other amounts receivable291 | - | €0 | €0 | - | - | - |
| Stocks and contracts in progress3 | - | €0 | €0 | - | - | - |
| Stocks30/36 | - | €0 | €0 | - | - | - |
| Contracts in progress37 | - | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2k | €28k | €29k | €86k | €88k | ▲ 2.7% |
| Trade receivables40 | - | €8k | €0 | €24k | €34k | ▲ 43.0% |
| Other amounts receivable41 | €2k | €20k | €29k | €62k | €54k | ▼ 12.7% |
| Current investments50/53 | - | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €14k | €18k | €37k | €2k | €9k | ▲ 298% |
| Deferred charges and accrued income490/1 | €15k | €0 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €61k | €126k | €131k | €122k | ▼ 6.4% |
| Equity10/15 | €34k | €46k | €61k | €66k | €83k | ▲ 25.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Capital10 | €3k | - | - | - | - | - |
| Issued capital100 | €3k | - | - | - | - | - |
| Revaluation surpluses12 | - | €0 | €0 | - | - | - |
| Reserves13 | €32k | €44k | €58k | €63k | €80k | ▲ 26.8% |
| Non-distributable reserves130/1 | - | €0 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €0 | €0 | - | - | - |
| Own shares acquired1312 | - | €0 | €0 | - | - | - |
| Financial assistance1313 | - | €0 | €0 | - | - | - |
| Other1319 | - | €0 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €0 | €0 | - | - | - |
| Distributable reserves133 | €32k | €44k | €58k | €63k | €80k | ▲ 26.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €49 | €55 | ▲ 12.8% |
| Investment grants15 | - | €0 | €0 | - | - | - |
| Advance to shareholders on the distribution of net assets19 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | €0 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | €0 | - | - | - |
| Pensions and similar obligations160 | - | €0 | €0 | - | - | - |
| Taxes161 | - | €0 | €0 | - | - | - |
| Major repairs and maintenance162 | - | €0 | €0 | - | - | - |
| Environmental obligations163 | - | €0 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €0 | €0 | - | - | - |
| Deferred taxes168 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €16k | €14k | €65k | €65k | €39k | ▼ 39.1% |
| Amounts payable after more than one year17 | - | €0 | €21k | €21k | €5k | ▼ 77.8% |
| Financial debts170/4 | - | €0 | €21k | €21k | €5k | ▼ 77.8% |
| Trade debts175 | - | €0 | €0 | - | - | - |
| Advances received on contracts in progress176 | - | €0 | €0 | - | - | - |
| Other amounts payable178/9 | - | €0 | €0 | - | - | - |
| Amounts payable within one year42/48 | €16k | €14k | €44k | €44k | €35k | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | - | €0 | €8k | €8k | €1k | ▼ 87.5% |
| Financial debts43 | - | €1k | €3k | €3k | €3k | = |
| Credit institutions430/8 | - | €0 | €0 | - | - | - |
| Other loans439 | - | €1k | €3k | €3k | €3k | = |
| Trade debts44 | €2k | €9k | €22k | €14k | €7k | ▼ 48.0% |
| Suppliers440/4 | €2k | €9k | €22k | €14k | €7k | ▼ 48.0% |
| Bills of exchange payable441 | - | €0 | €0 | - | - | - |
| Advances received on contracts in progress46 | - | €0 | €0 | €10k | €10k | = |
| Taxes, remuneration and social security45 | €13k | €4k | €11k | €5k | €12k | ▲ 121% |
| Taxes450/3 | €12k | €4k | €11k | €1k | €8k | ▲ 541% |
| Remuneration and social security454/9 | €2k | €0 | €545 | €4k | €4k | = |
| Other amounts payable47/48 | €100 | €100 | €125 | €3k | €2k | ▼ 52.4% |
| Accrued charges and deferred income492/3 | - | €0 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €12k | €14k | €5k | €17k | ▲ 236% |
| + Depreciation and write-downs630 | €7k | €8k | €15k | €16k | €9k | ▼ 45.7% |
| Operating cash flow (approximation) | €39k | €21k | €29k | €21k | €26k | ▲ 21.2% |
| Investment in fixed assets (approximation) | - | €-3k | €-60k | €2k | €8k | ▲ 448% |
| Change in cash | - | €4k | €19k | €-35k | €6k | ▲ 119% |
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
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €5k ▼64.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
Registered office, Lokeren · 1 establishment unit since 2020
Ground area
1,183 m²
Building footprint
390 m²
Volume, LiDAR
1,144 m³
2 parcels, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ISRO
since 20202.306.251.412
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017D0896/00K000 | Flanders | 712 m² | 1 · 237 m² | 9.4 m · 1 fl. |
| 46014A0548/00B002 | Flanders | 471 m² | 1 · 154 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,808 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
Founded27-08-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.