IST GROUP
Bankruptcy closedIST GROUP was declared bankrupt on 24-12-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 30-09-2025, published in the Belgian State Gazette on 08-10-2025. The 2023 annual accounts show negative equity (€-39k) and a net result of €-24k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-09-2024, 47 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
47 d late
2022
136 d late
2021
61 d late
2020
78 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-39k▼ 152%
2022 · €-16k
2020: €34k
2021: €44k
2022: €-16k
2020 → 2023
Total assets
€326k▲ 67.0%
2022 · €195k
2020: €126k
2021: €179k
2022: €195k
2020 → 2023
Net result
€-24k▲ 60.3%
2022 · €-60k
2020: €32k
2021: €10k
2022: €-60k
2020 → 2023
Working capital
€-55k▼ 60.5%
2022 · €-34k
2020: €9k
2021: €22k
2022: €-34k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€34k-€44k▲ 29.9%€-16k€-39k▼ 152%
Operating result€33k-€28k▼ 15.4%€-49k€-20k▲ 59.0%
Net result€32k-€10k▼ 68.2%€-60k€-24k▲ 60.3%
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 €20k in 2023 against €49k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €326k
Fixed assets
€19k▼ 25.1%
Current assets
€307k▲ 80.9%
Key figures and ratios
EBITDA
€-13k▲
2022 · €-41k
Cash flow
€-17k▲
2022 · €-52k
Solvency
-12.1%▼
2022 · -8.0%
Current ratio
0.85▲
2022 · 0.83
Quick ratio
0.85▲
2022 · 0.83
Debt / equity
-9.26▲
2022 · -13.46
ROA
-7.3%▲
2022 · -30.7%
Interest coverage
-3.45▲
2022 · -15.44
Debt
€365k▲
2022 · €211k
Debt ≤ 1 year
€362k▲
2022 · €204k
Debt > 1 year
€4k▼
2022 · €7k
Staff costs
€35k▲
2022 · €26k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€195k€326k▲
Fixed assets21/28€26k€19k▼
Tangible fixed assets22/27€15k€9k▼
Furniture and vehicles24€1k-
Leasing and similar rights25€14k€9k▼
Financial fixed assets28€11k€11k=
Current assets29/58€170k€307k▲
Amounts receivable within one year40/41€160k€307k▲
Trade receivables40€51k€35k▼
Other amounts receivable41€110k€271k▲
Cash at bank and in hand54/58€9k-
Equity and liabilities
Total equity and liabilities10/49€195k€326k▲
Equity10/15€-16k€-39k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-18k€-41k▼
Amounts payable17/49€211k€365k▲
Amounts payable after more than one year17€7k€4k▼
Financial debts170/4€7k€4k▼
Amounts payable within one year42/48€204k€362k▲
Current portion of amounts payable after more than one year42€5k€3k▼
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€189k€323k▲
Suppliers440/4€189k€323k▲
Taxes, remuneration and social security45€1k€7k▲
Taxes450/3€302€945▲
Remuneration and social security454/9€978€6k▲
Other amounts payable47/48€9k€9k=
Income statement
Code20222023
Non-recurring operating income76A€342-
Remuneration, social security and pensions62€26k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€10k€8k▼
Gross operating margin9900€-5k€30k▲
Operating profit (loss)9901€-49k€-20k▲
Financial income75/76B€92-
Recurring financial income75€92-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-51k€-24k▲
Income taxes67/77€9k-
Profit (loss) for the period9904€-60k€-24k▲
Profit (loss) for the period to be appropriated9905€-60k€-24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-41k▼
Profit (loss) brought forward from the previous period14P€42k€-18k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · IST GROUP BV OUDE HAACHTSESTEENWEG 59, 1831- MACHELEN · event 30-09-2025
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · IST GROUP BV OUDE HAACHTSESTEENWEG 59, 1831- MACHELEN · event 24-12-2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
31-12
Financial
Weakest financial yearnet €-60k ▼697%
Net result drops to €-60k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2020
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.
Ground area
649 m²
Building footprint
329 m²
Parcel 23015C0111/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
IST GROUP
since 20202.302.544.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0111/00W000 | Flanders | 649 m² | 1 · 329 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
24-12-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.