ISTIGA
The computed 12-month bankruptcy probability of ISTIGA is 1.8% (moderate). The 2025 annual accounts show negative equity (€-375k) and a net result of €-122k. Equity is shrinking by ~67.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1329 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-375k |
| Net result | €-122k |
| Better than sector | 5% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -41.2% | 22.9% | |
| Net result | €-122k | €10k | |
| Equity | €-375k | €44k | |
| Gross operating margin | €-81k | €40k | |
| Total assets | €909k | €291k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-122k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €909k |
| Equity | €-375k |
| Debt | €1.28M |
| of which ≤ 1y | €1.28M |
| of which > 1y | - |
| Working capital | €-375k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.71 |
| Quick ratio | 0.00 |
| Working capital ratio | -41.2% |
| Solvency | -41.2% |
| Debt / equity | -3.43 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -13.4% |
| ROE | 32.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €909k |
| Current assets | 29/58 | €909k |
| Stocks & contracts in progress | 3 | €907k |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €57 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €909k |
| Equity | 10/15 | €-375k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-385k |
| Amounts payable | 17/49 | €1.28M |
| Amounts payable within one year | 42/48 | €1.28M |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-81k |
| Operating result | 9901 | €-95k |
| Financial charges | 65 | €27k |
| Result before taxes | 9903 | €-122k |
| Net result for the period | 9904 | €-122k |
| Result to be appropriated | 9905 | €-122k |
| NACE primary | Real estate activities(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 02-03-2021 |
| Status | Active |
| Postal code | 1190 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00K038 | Brussels | 1,539 m² | 1 · 127 m² | 14.3 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-09-2023 Registered office moved from UCCLE to Bruxelles
- 1038, Chaussée de Waterloo - 1180 (UCCLE), BELGIQUE → 284, avenue des Sept Bonniers 1190 Bruxelles (FOREST) BELGIQUE
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "284, avenue des Sept Bonniers\n1190 Bruxelles (FOREST)\nBELGIQUE",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "avenue des Sept Bonniers",
"country": "BE",
"postcode": "1190",
"box_number": null,
"street_number": "284",
"locality_suffix": "(FOREST)"
},
"old_address": {
"raw": "1038, Chauss\u00E9e de Waterloo - 1180 (UCCLE), BELGIQUE",
"city": "UCCLE",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Chauss\u00E9e de Waterloo",
"country": "BE",
"postcode": "1180",
"box_number": null,
"street_number": "1038",
"locality_suffix": "(UCCLE)"
},
"effective_date": "2023-09-02",
"evidence_quote": "Les actionnaires de la soci\u00E9t\u00E9 ont pris la d\u00E9cision de de changer l\u0027adresse du siege social.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-09-29",
"filing_date": "2023-09-01",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2023-09-02",
"unanimous": null
},
"subject_company": {
"kbo": "0764.522.029",
"name_full": "ISTIGA",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Mod PDF 19.01"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ISTIGA |