IZAL
ActiveThe computed 12-month bankruptcy probability of IZAL is 3.0% (moderate). The 2025 annual accounts show negative equity (€-1k) and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 7002 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-51
Solvency23▼-12
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 1.07 in 2024; short-term debt: 46.7% and cash: 10.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+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 · 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 2025Solvency, return and age of the figures
Solvency
-2.2%
Return on assets
-11.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-1k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
59 d early
2023
29 d late
2022
102 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1k
2024 · €6k
2022: €3k
2023: €4k
2024: €6k
2022 → 2025
Total assets
€65k▲ 3.8%
2024 · €63k
2022: €36k
2023: €34k
2024: €63k
2022 → 2025
Net result
€-7k
2024 · €2k
2022: €-537
2023: €576
2024: €2k
2022 → 2025
Working capital
€-9k
2024 · €2k
2022: €3k
2023: €-29k
2024: €2k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€3k-€4k▲ 16.6%€6k▲ 48.1%€-1k
Operating result€60-€2k▲ 2,779%€5k▲ 206%€-5k
Net result€-537-€576€2k▲ 237%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€44k▲ 10.9%
Current assets
€21k▼ 7.5%
Key figures and ratios
EBITDA
€5k▼
2024 · €14k
Cash flow
€2k▼
2024 · €10k
Solvency
-2.2%▼
2024 · 9.5%
Current ratio
0.70▼
2024 · 1.07
Quick ratio
0.70▼
2024 · 1.07
Debt / equity
-46.73▼
2024 · 9.52
ROA
-11.3%▼
2024 · 3.1%
Interest coverage
2.08▼
2024 · 8.61
Debt
€67k▲
2024 · €57k
Debt ≤ 1 year
€31k▲
2024 · €22k
Debt > 1 year
€26k▼
2024 · €35k
Income taxes
€330▼
2024 · €2k
Staff costs
€434
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€63k€65k▲
Formation expenses20€395€213▼
Fixed assets21/28€39k€44k▲
Intangible fixed assets21€20k€15k▼
Tangible fixed assets22/27€19k€28k▲
Plant, machinery and equipment23-€164
Furniture and vehicles24€7k€17k▲
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28-€450
Current assets29/58€23k€21k▼
Amounts receivable within one year40/41€16k€8k▼
Trade receivables40€12k€4k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€24€6k▲
Equity and liabilities
Total equity and liabilities10/49€63k€65k▲
Equity10/15€6k€-1k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€2k€-5k▼
Amounts payable17/49€57k€67k▲
Amounts payable after more than one year17€35k€26k▼
Financial debts170/4€35k€26k▼
Amounts payable within one year42/48€22k€31k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€9k€14k▲
Suppliers440/4€9k€14k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3-€11k
Income statement
Code20242025
Remuneration, social security and pensions62-€434
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€479€721▲
Gross operating margin9900€14k€6k▼
Operating profit (loss)9901€5k€-5k▼
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€4k€-7k▼
Income taxes67/77€2k€330▼
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-5k▼
Profit (loss) brought forward from the previous period14P€40€2k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k ▼481%
Net result drops to €-7k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €2k ▲237%
Operating result €5k, net result €2k, both a record.
31-12
Financial
Liquidity times 25current ratio 1.07
Current ratio from 0.04 to 1.07; short-term debt falls from €30k to €22k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €576
Net result €576 after one loss-making year.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 2 establishment units since 2022
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.
Rue Saint-Germain 1511410 WaterlooGround area
284 m²
Building footprint
108 m²
2 parcels, Brussels, Wallonia. Linked by address, not a title deed.
2 establishment units
MediaSounds
since 20222.326.957.447
Oscar Van Goidtsnovenlaan 45, 1180 Ukkel
since 20232.345.941.634
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110C0019/00D000 | Wallonia | 157 m² | 1 · 108 m² | - |
| 21616A0269/00N006 | Brussels | 127 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 9,863 companies in sector 73110 we hold annual accounts for 3,754. 1,657 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2022
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
43120Site preparation
43230Insulation installation
43350Other building finishing work
43600Specialised construction activities
43990Other specialised construction activities
59201Sound recording
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
73120Media representation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.