Equity
-€374,632
Debts exceed assets in financial year 2025.
ISTIGA
Lifetime
4 annual accounts with figures on one time axispeak -€20,315 (2023)
-€80,785▲ €33,623
lowest -€164,041 (2024)
-€121,827▲ €42,214
peak -€45,283 (2022)
-€374,632▼ €121,827
€1.3m▲ 10.1%
Board2 names since 2021
2 directors and 1 other
Documentsfilings and deeds
23-03-202651 days late
2025micro format
Gross margin from -€114,408 to -€80,785Loss of €121,827Equity from -€252,805 to -€374,632
Key points
from the 2025 annual accountsLosses
-€384,632 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€1.3m 141% of the balance sheet
Financial debts 46%Suppliers 0%Other 53%
Filings
4 annual accounts 3 late
The 2022 accounts came latest: 143 days after the end of the period.
Starting capital
€10,000
Position in the sector
-€121,827
Lower net result than 95% of companies in real estate. Sector median €5,862 · 19,810 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 562 companies had the same profile as ISTIGA has now. Each dot stands for 2 companies, two years later.
86.8%
were still trading
4.8%
stopped another way
7.1%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 562 companies, not a prediction for ISTIGA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director,
Director
- founderdeed of 04-03-2021
- founderdeed of 04-03-2021
- founderdeed of 04-03-2021
Recent changes
Registered office moved to Brussels
New registered office: 284, avenue des Sept Bonniers 1190 Bruxelles (FOREST) BELGIQUE · Previous registered office: 1038, Chaussée de Waterloo, 1180 (UCCLE), BELGIQUE · Gazette deed
Incorporation
Founding capital of €10,000 · Founders: , and · Appointments: (director) and (director) · published on 04-03-2021 · Gazette deed
First establishment
Zevenbunderslaan 284, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISTIGA Forest | €908,893 | -€80,785 | -41.2% | - |
| V² Construct Scherpenheuvel-Zichem | €889,662 | -€302,098 | 68.6% | - |
| I&P CONSTRUCTIONS Hasselt | €918,203 | -€13,191 | 0.8% | - |
| L3projects Geel | €871,813 | -€92,365 | -6.6% | - |
| HomeQue Kortemark | €964,059 | -€573,674 | -81.3% | 1.3 |
| CAENEN CAPITAL NL Middelkerke | €884,651 | -€9,020 | -4.6% | - |
| 4F Real Estate Frameries | €983,597 | -€2,073 | -6.1% | - |
These companies have the same main activity as ISTIGA: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €872,000 and €984,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 02-03-2021Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.316.220.3391190 Forest, since 02-03-2021
- Financial year end
- 30 June
- Peppol
- Reachable
Insights on ISTIGA
ISTIGA files the micro format. That format states no turnover. The gross margin fell from -€43,361 in 2022 to -€80,785 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISTIGA
- What is the company number of ISTIGA?
- The company number of ISTIGA is 0764.522.029. The VAT number is the same number with BE in front: BE 0764.522.029.
- Where is ISTIGA based?
- The registered office is at Zevenbunderslaan 284, 1190 Forest.Company details
- What does ISTIGA do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of ISTIGA?
- ISTIGA is a private limited company (BV).
- When was ISTIGA founded?
- ISTIGA was founded on 02-03-2021.
- Is ISTIGA still active?
- Yes, ISTIGA is an active enterprise in the KBO register.
- What is the turnover of ISTIGA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ISTIGA profitable?
- In financial year 2025, ISTIGA made a loss of €121,827.
- Where can I find the annual accounts of ISTIGA?
- ISTIGA filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISTIGA due?
- ISTIGA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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