IZA
ActiveSummary
IZA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.35M and a net result of €-62k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 78% of 5893 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▲+5
Solvency94▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.18 in 2023; short-term debt: 22.4% and cash: 0.4% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
68.8%
Return on assets
-3.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-62k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 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 filingsDeviation from the deadline
2025
not confirmed
2024
33 d late
2023
15 d early
2022
66 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-62k▼ 2.3%
2023 · €-61k
Working capital
€-432k▼ 8.0%
2023 · €-400k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-32k▲ 46.3%€-30k▲ 5.5%€-5k▲ 81.8%€-48k▼ 781%€-46k▲ 4.5%
Net result€-37k€-31k▲ 16.6%€-15k▲ 51.1%€-61k▼ 301%€-62k▼ 2.3%
Equity€1.46M▼ 2.5%€1.43M▼ 2.1%€1.41M▼ 1.1%€1.42M▲ 0.3%€1.35M▼ 4.4%
Total assets€2.61M▼ 4.0%€2.52M▼ 3.7%€2.41M▼ 4.2%€2.09M▼ 13.3%€1.97M▼ 5.8%
Debt€883k▼ 6.3%€831k▼ 5.9%€752k▼ 9.4%€503k▼ 33.2%€452k▼ 10.1%
Working capital€-550k▼ 15.3%€-620k▼ 12.7%€-688k▼ 11.1%€-400k▲ 41.9%€-432k▼ 8.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2024 against €48k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.97M
Fixed assets
€1.96M ▼ 2.2%
Current assets
€9k ▼ 89.5%
Equity and liabilities €1.97M
Equity
€1.35M ▼ 4.4%
Provisions
€162k ▼ 5.3%
Debt
€452k ▼ 10.1%
Debt's share of the balance-sheet total falls from 24.1% to 23.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€56k▲
2023 · €53k
Cash flow
€40k▼
2023 · €41k
Current ratio
0.02▼
2023 · 0.18
Debt to equity
0.33▼
2023 · 0.35
ROE
-4.6%▼
2023 · -4.3%
ROA
-3.1%▼
2023 · -2.9%
Interest coverage
2.25▲
2023 · 1.65
Debt ≤ 1 year
€441k▼
2023 · €488k
Debt > 1 year
€8k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105k | €100k | €103k | €102k | €102k | ▲ 0.7% |
| Other operating charges640/8 | - | €12k | €12k | €14k | €13k | ▼ 2.0% |
| Gross operating margin9900 | €85k | €82k | €110k | €67k | €69k | ▲ 3.9% |
| Operating profit (loss)9901 | €-32k | €-30k | €-5k | €-48k | €-46k | ▲ 4.5% |
| Financial income75/76B | - | - | - | €10k | - | - |
| Recurring financial income75 | €3 | - | - | €10k | - | - |
| Non-recurring financial income76B | - | - | - | €10k | - | - |
| Financial charges65/66B | - | €13k | €22k | €32k | €25k | ▼ 22.8% |
| Recurring financial charges65 | €17k | €13k | €22k | €32k | €25k | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €-49k | €-43k | €-27k | €-70k | €-71k | ▼ 1.2% |
| Transfer from deferred taxes780 | - | €12k | €12k | €10k | €9k | ▼ 5.7% |
| Profit (loss) for the period9904 | €-37k | €-31k | €-15k | €-61k | €-62k | ▼ 2.3% |
| Transfer from tax-exempt reserves789 | - | €24k | €24k | €29k | €27k | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-7k | €9k | €-32k | €-35k | ▼ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.61M | €2.52M | €2.41M | €2.09M | €1.97M | ▼ 5.8% |
| Fixed assets21/28 | €2.60M | €2.50M | €2.40M | €2.00M | €1.96M | ▼ 2.2% |
| Tangible fixed assets22/27 | €2.30M | €2.20M | €2.10M | €2.00M | €1.96M | ▼ 2.2% |
| Land and buildings22 | - | €2.09M | €2.00M | €1.91M | €1.81M | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €76k | €76k | €76k | €76k | = |
| Furniture and vehicles24 | - | €35k | €28k | €21k | €71k | ▲ 234% |
| Financial fixed assets28 | €295k | €295k | €295k | - | - | - |
| Current assets29/58 | €15k | €18k | €13k | €88k | €9k | ▼ 89.5% |
| Amounts receivable within one year40/41 | €2k | €2k | €3k | €2k | - | - |
| Other amounts receivable41 | - | €2k | €3k | €2k | - | - |
| Cash at bank and in hand54/58 | €13k | €16k | €10k | €85k | €7k | ▼ 91.7% |
| Deferred charges and accrued income490/1 | - | - | €654 | €461 | €2k | ▲ 365% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.61M | €2.52M | €2.41M | €2.09M | €1.97M | ▼ 5.8% |
| Equity10/15 | €1.46M | €1.43M | €1.41M | €1.42M | €1.35M | ▼ 4.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €530k | €506k | €483k | €519k | €492k | ▼ 5.2% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €500k | €476k | €513k | €486k | ▼ 5.3% |
| Profit (loss) carried forward14 | €866k | €859k | €868k | €836k | €801k | ▼ 4.2% |
| Provisions and deferred taxes16 | €270k | €258k | €245k | €171k | €162k | ▼ 5.3% |
| Deferred taxes168 | - | €258k | €245k | €171k | €162k | ▼ 5.3% |
| Amounts payable17/49 | €883k | €831k | €752k | €503k | €452k | ▼ 10.1% |
| Amounts payable after more than one year17 | €284k | €158k | €51k | €8k | €8k | ▼ 5.7% |
| Financial debts170/4 | - | €148k | €44k | €450 | - | - |
| Other amounts payable178/9 | - | €10k | €8k | €8k | €8k | = |
| Amounts payable within one year42/48 | €564k | €638k | €701k | €488k | €441k | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | - | €138k | €101k | €43k | €0 | ▼ 100% |
| Trade debts44 | €11k | €593 | €1k | - | €4k | - |
| Suppliers440/4 | - | €593 | €1k | - | €3k | - |
| Bills of exchange payable441 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | €1k | €4k | €9k | €2k | ▼ 72.0% |
| Taxes450/3 | - | €1k | €4k | €9k | €2k | ▼ 72.0% |
| Other amounts payable47/48 | - | €499k | €596k | €436k | €434k | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | €35k | - | €7k | €3k | ▼ 53.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €-31k | €-15k | €-61k | €-62k | ▼ 2.3% |
| + Depreciation and write-downs630 | €105k | €100k | €103k | €102k | €102k | ▲ 0.7% |
| Operating cash flow (approximation) | €68k | €69k | €88k | €41k | €40k | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €293k | €-59k | ▼ 120% |
| Change in cash | - | €4k | €-7k | €75k | €-78k | ▼ 203% |
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
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €203k ▲660%
Net result €203k, the highest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brussel · 1 establishment unit since 1998
Ground area
707 m²
Building footprint
295 m²
Volume, LiDAR
7,232 m³
Parcel 21822R0408/00S000, Brussels · tallest building 30.6 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IZA
since 19982.087.424.459
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0408/00S000 | Brussels | 707 m² | 1 · 295 m² | 30.6 m · 9 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.
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Of 1,280 companies in sector 81100 we hold annual accounts for 678. 397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.