IS KA
ActiveSummary
The computed 12-month bankruptcy probability of IS KA is 3.9% (moderate). The 2024 annual accounts show equity of €189k and a net result of €-108k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 18941 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-68
Solvency75▼-25
Growth43▼-16
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity tight (current ratio 1.3 against 7.43 in 2023; short-term debt: 50% and cash: 2.9% of total assets), and 50% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
50%
Return on assets
-28.7%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
137 d late
2023
502 d late
2022
326 d late
2021
691 d late
2020
347 d late
2019
334 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€419k▼ 26.8%
2022 · €573k
2018: €490k
2019: €495k
2020: €392k
2021: €525k
2022: €573k
2018 → 2023
EBIT margin
6.0%▼ 20.6pp
2022 · 26.6%
2018: 0.3%
2019: -4.0%
2020: 1.2%
2021: 17.9%
2022: 26.6%
2018 → 2023
Net result
€-108k
2023 · €21k
2018: €-5k
2019: €-38k
2020: €-9k
2021: €94k
2022: €153k
2023: €21k
2018 → 2024
Working capital
€57k▼ 79.9%
2023 · €283k
2018: €43k
2019: €30k
2020: €27k
2021: €103k
2022: €256k
2023: €283k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€392k-€525k▲ 33.8%€573k▲ 9.1%€419k▼ 26.8%
Equity€30k-€124k▲ 308%€277k▲ 123%€297k▲ 7.5%€189k▼ 36.5%
Operating result€5k-€94k▲ 1,931%€153k▲ 62.6%€25k▼ 83.5%€-93k
Net result€-9k-€94k€153k▲ 62.9%€21k▼ 86.4%€-108k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €93k after €25k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €378k
Fixed assets
€132k ▲ 835%
Current assets
€246k ▼ 24.9%
Equity and liabilities €378k
Equity
€189k ▼ 36.5%
Debt
€189k ▲ 328%
Debt's share of the balance-sheet total rises from 12.9% to 50.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-74k▼
2023 · €33k
Cash flow
€-89k▼
2023 · €28k
Current ratio
1.30▼
2023 · 7.43
Quick ratio
1.26▼
2023 · 7.22
Debt to equity
1.00▲
2023 · 0.15
ROE
-57.5%▼
2023 · 7.0%
ROA
-28.7%▼
2023 · 6.1%
Interest coverage
-453.72▼
2023 · 201.95
Debt ≤ 1 year
€189k▲
2023 · €44k
Income taxes
€15k▲
2023 · €4k
Staff costs
€48k▼
2023 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€341k€378k▲
Fixed assets21/28€14k€132k▲
Tangible fixed assets22/27€14k€132k▲
Furniture and vehicles24€14k€132k▲
Current assets29/58€327k€246k▼
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€9k€8k▼
Amounts receivable within one year40/41€283k€223k▼
Trade receivables40€10k€23k▲
Other amounts receivable41€273k€200k▼
Cash at bank and in hand54/58€32k€11k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€341k€378k▲
Equity10/15€297k€189k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€273k€165k▼
Amounts payable17/49€44k€189k▲
Amounts payable within one year42/48€44k€189k▲
Current portion of amounts payable after more than one year42€18k€120k▲
Trade debts44€2k€34k▲
Suppliers440/4€2k€34k▲
Taxes, remuneration and social security45€23k€32k▲
Taxes450/3€493€2k▲
Remuneration and social security454/9€22k€31k▲
Other amounts payable47/48€2k€2k▲
Income statement
Code20232024
Turnover70€419k-
Goods, raw materials, services and sundry goods60/61€314k-
Remuneration, social security and pensions62€71k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€20k▲
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A-€58
Gross operating margin9900€106k€-17k▼
Operating profit (loss)9901€25k€-93k▼
Financial charges65/66B€163€162▼
Recurring financial charges65€163€162▼
Profit (loss) for the period before taxes9903€25k€-93k▼
Income taxes67/77€4k€15k▲
Profit (loss) for the period9904€21k€-108k▼
Profit (loss) for the period to be appropriated9905€21k€-108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€273k€165k▼
Profit (loss) brought forward from the previous period14P€253k€273k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 502 days late
2024
31-12
Financial
Weakest financial yearnet €-108k ▼624%
Net result drops to €-108k, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 326 days late
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 691 days late
2022
31-12
Financial
Highest result since 2018net €153k ▲62.9%
Operating result €153k, net result €153k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.13
Current ratio from 3.04 to 7.13; short-term debt falls from €50k to €42k.
31-12
Financial
Equity above €200kEq €277k ▲123%
2 profitable years in a row build equity to €277k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 347 days late
2021
31-12
Financial
Back to profitnet €94k
Net result €94k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.34 to 3.04; short-term debt falls from €80k to €50k.
31-12
Financial
Equity above €100kEq €124k ▲308%
Equity rises from €30k to €124k.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 334 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 345 days late
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 311 days late
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 74 days late
2016
10-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 2015
Ground area
103 m²
Building footprint
102 m²
Volume, LiDAR
1,796 m³
Parcel 21910E0042/00G010, Brussels · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
IS KA
since 20152.241.339.903
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0042/00G010 | Brussels | 102 m² | 1 · 102 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.241.339.903
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.