IZE
ActiveThe file of IZE contains 4 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (-€707,299) and a net result of -€582,175. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1205 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency0▼-13
Growth32▼-26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.52 in 2023; short-term debt: 207.4% and cash: 4.2% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-108.9%
Return on assets
-89.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€707,299
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-07-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d early
2023
64 d late
2022
125 d late
2021
61 d late
2020
31 d late
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€582,175
2023 · €52,348
Working capital
-€1.1m▼ 121%
2023 · -€518,601
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€98,827€39,282-€231,406€69,787-€572,432
Net result-€102,384below the sector's middle half€30,041within the sector's middle half-€238,643below the sector's middle half€52,348within the sector's middle half-€582,175below the sector's middle half
Equity€31,130within the sector's middle half▼ 76.7%€61,171within the sector's middle half▲ 96.5%-€177,472below the sector's middle half-€125,124below the sector's middle half▲ 29.5%-€707,299below the sector's middle half▼ 465%
Total assets€225,849within the sector's middle half▼ 47.4%€346,273within the sector's middle half▲ 53.3%€953,290above the sector's middle half▲ 175%€1.0mwithin the sector's middle half▲ 7.4%€649,420within the sector's middle half▼ 36.6%
Debt€194,720▼ 34.1%€285,102▲ 46.4%€1.1m▲ 297%€1.1m▲ 1.6%€1.4m▲ 18.1%
Working capital-€30,326below the sector's middle half-€78,442below the sector's middle half▼ 159%-€543,188below the sector's middle half▼ 592%-€518,601below the sector's middle half▲ 4.5%-€1.1mbelow the sector's middle half▼ 121%
Solvency13.8%within the sector's middle half▼ 17.3pp17.7%within the sector's middle half▲ 3.9pp-18.6%below the sector's middle half▼ 36.3pp-12.2%below the sector's middle half▲ 6.4pp-108.9%below the sector's middle half▼ 96.7pp
Current ratio0.84within the sector's middle half▼ 0.610.65below the sector's middle half▼ 0.190.42below the sector's middle half▼ 0.230.52below the sector's middle half▲ 0.100.15below the sector's middle half▼ 0.37
Return on assets (ROA)-45.3%below the sector's middle half▼ 61.7pp8.7%within the sector's middle half▲ 54.0pp-25.0%below the sector's middle half▼ 33.7pp5.1%within the sector's middle half▲ 30.1pp-89.6%below the sector's middle half▼ 94.8pp
Staff (FTE)2within the sector's middle half▲ 11.1%6▲ 200%1below the sector's middle half0.1below the sector's middle half▼ 90.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €572,432 after €69,787 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €649,420
Fixed assets
€447,844 ▼ 3.1%
Current assets
€201,577 ▼ 64.1%
Key figures and ratios
EBITDA
-€459,737▼
2023 · €176,106
Cash flow
-€469,480▼
2023 · €158,667
Debt to equity
-1.92▲
2023 · -9.18
Interest coverage
-47.12▼
2023 · 9.69
Debt ≤ 1 year
€1.3m▲
2023 · €1.1m
Debt > 1 year
€9,695▼
2023 · €68,687
Staff costs
€4,742▼
2023 · €68,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,000 | - | - |
| Remuneration, social security and pensions62 | - | €136,698 | €91,831 | €68,248 | €4,742 | ▼ 93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,641 | €33,611 | €96,188 | €106,319 | €112,695 | ▲ 6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €99,011 | - |
| Other operating charges640/8 | - | €4,302 | €1,829 | €2,152 | €7,805 | ▲ 263% |
| Non-recurring operating charges66A | - | - | €27,606 | €40,000 | €2,099 | ▼ 94.8% |
| Gross operating margin9900 | -€44,273 | €213,893 | -€13,953 | €286,506 | -€346,081 | ▼ 221% |
| Operating profit (loss)9901 | -€98,827 | €39,282 | -€231,406 | €69,787 | -€572,432 | ▼ 920% |
| Financial income75/76B | - | €812 | €1,444 | €757 | €15 | ▼ 98.1% |
| Recurring financial income75 | €41 | €812 | €1,444 | €757 | €15 | ▼ 98.1% |
| Financial charges65/66B | - | €9,405 | €8,681 | €18,181 | €9,757 | ▼ 46.3% |
| Recurring financial charges65 | €2,943 | €9,405 | €8,681 | €18,181 | €9,757 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | -€101,729 | €30,689 | -€238,643 | €52,364 | -€582,175 | ▼ 1,212% |
| Income taxes67/77 | €655 | €648 | - | €15 | - | - |
| Profit (loss) for the period9904 | -€102,384 | €30,041 | -€238,643 | €52,348 | -€582,175 | ▼ 1,212% |
| Profit (loss) for the period to be appropriated9905 | -€102,384 | €30,041 | -€238,643 | €52,348 | -€582,175 | ▼ 1,212% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,849 | €346,273 | €953,290 | €1.0m | €649,420 | ▼ 36.6% |
| Fixed assets21/28 | €68,216 | €199,246 | €556,810 | €462,165 | €447,844 | ▼ 3.1% |
| Tangible fixed assets22/27 | €68,216 | €199,246 | €556,810 | €462,165 | €443,844 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €414 | €300 | €185 | €2,234 | ▲ 1,105% |
| Furniture and vehicles24 | - | €198,832 | €196,683 | €138,755 | €152,130 | ▲ 9.6% |
| Other tangible fixed assets26 | - | - | €359,827 | €323,225 | €289,480 | ▼ 10.4% |
| Financial fixed assets28 | - | - | - | - | €4,000 | - |
| Current assets29/58 | €157,633 | €147,026 | €396,480 | €561,867 | €201,577 | ▼ 64.1% |
| Stocks and contracts in progress3 | - | €26,900 | €26,900 | - | - | - |
| Stocks30/36 | - | €26,900 | €26,900 | - | - | - |
| Amounts receivable within one year40/41 | €148,116 | €81,538 | €252,177 | €537,242 | €156,018 | ▼ 71.0% |
| Trade receivables40 | - | €81,538 | €189,411 | €328,487 | €150,927 | ▼ 54.1% |
| Other amounts receivable41 | - | - | €62,766 | €208,755 | €5,091 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €7,432 | €34,576 | €117,218 | €21,809 | €27,535 | ▲ 26.3% |
| Deferred charges and accrued income490/1 | - | €4,012 | €184 | €2,816 | €18,024 | ▲ 540% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,849 | €346,273 | €953,290 | €1.0m | €649,420 | ▼ 36.6% |
| Equity10/15 | €31,130 | €61,171 | -€177,472 | -€125,124 | -€707,299 | ▼ 465% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €11,860 | ▲ 18.6% |
| Profit (loss) carried forward14 | €670 | €30,711 | -€207,932 | -€155,584 | -€737,759 | ▼ 374% |
| Amounts payable17/49 | €194,720 | €285,102 | €1.1m | €1.1m | €1.4m | ▲ 18.1% |
| Amounts payable after more than one year17 | - | €58,033 | €185,798 | €68,687 | €9,695 | ▼ 85.9% |
| Financial debts170/4 | - | €58,033 | €185,798 | €68,687 | €9,695 | ▼ 85.9% |
| Amounts payable within one year42/48 | €187,959 | €225,468 | €939,668 | €1.1m | €1.3m | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | - | €15,562 | €115,109 | €117,111 | €58,993 | ▼ 49.6% |
| Financial debts43 | - | - | - | €27,000 | €30,000 | ▲ 11.1% |
| Credit institutions430/8 | - | - | - | €27,000 | €30,000 | ▲ 11.1% |
| Trade debts44 | €53,115 | €44,448 | €380,471 | €158,633 | €471,241 | ▲ 197% |
| Suppliers440/4 | - | €44,448 | €380,471 | €158,633 | €471,241 | ▲ 197% |
| Taxes, remuneration and social security45 | - | €58,283 | €15,305 | €89,165 | - | - |
| Taxes450/3 | - | €40,173 | €4,983 | €74,255 | - | - |
| Remuneration and social security454/9 | - | €18,110 | €10,322 | €14,910 | - | - |
| Other amounts payable47/48 | - | €107,175 | €428,783 | €688,559 | €786,790 | ▲ 14.3% |
| Accrued charges and deferred income492/3 | - | €1,600 | €5,295 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€102,384 | €30,041 | -€238,643 | €52,348 | -€582,175 | ▼ 1,212% |
| + Depreciation and write-downs630 | €11,641 | €33,611 | €96,188 | €106,319 | €112,695 | ▲ 6.0% |
| Operating cash flow (approximation) | -€90,743 | €63,652 | -€142,455 | €158,667 | -€469,480 | ▼ 396% |
| Investment in fixed assets (approximation) | - | -€164,641 | -€453,752 | -€11,674 | -€98,374 | ▼ 743% |
| Change in cash | - | €27,145 | €82,642 | -€95,409 | €5,726 | ▲ 106% |
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
2026
18-09
State Gazette act
Registered-office move1 fact ▸
State Gazette act
Registered-office move
1 fact ▸
- Registered-office move, B- 1050 BRUXELLES, Avenue Louise, 231
2025
28-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 24-11-2025
23-10
Judicial reorganisation
Filing of a new plan authorised
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 15-10-2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-07
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 11-06-2025
20-03
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 12-03-2025
2024
31-12
Financial
Weakest financial yearnet -€582,175
Net result drops to -€582,175, the lowest in the series.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
31-12
Financial
Back to profitnet €52,348
Net result €52,348 after one loss-making year.
03-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 125 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €30,041
Net result €30,041 after one loss-making year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €70,148 ▲505%
Operating result €83,406, net result €70,148, both a record.
31-12
Financial
Equity above €100,000Eq €133,513 ▲111%
2 profitable years in a row build equity to €133,513.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2009
Ground area
9,201 m²
Building footprint
5,756 m²
Volume, LiDAR
130,454 m³
2 parcels, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
567
companies at this address
See who is registered here
1 establishment unit
Louizalaan 523, 1050 Elsene
since 20092.179.674.825
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
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 4,577 companies in sector 82300 we hold annual accounts for 1,673. 1,296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809822613
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.