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Complete company report
Generated 20-08-2026
Active BE 0846.128.624Private limited companyOpen bankruptcy

ISG Construction Services

Auguste Reyerslaan 80 ·1030 Schaarbeek, Belgium· 14 yrs active
Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)
Conclusion Checked

A bankruptcy procedure is open for ISG Construction Services according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €4.17M and a net result of €304k.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €4.17M
Net result €304k
Staff (FTE) 1.4
Active 14 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability38Solvency25Growth35Stability0
20 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 38
Solvency 25
Growth 35
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-06-2023 with the NBB · fiscal year 2022 · ander
€0€100.00M€200.00M€300.00M€400.00MRevenue 2018: €266.18M€266.18MOperating result 2018: €5.05M€5.05MNet result 2018: €4.14M€4.14MRevenue 2019: €365.45M€365.45MOperating result 2019: €6.42M€6.42MNet result 2019: €5.42M€5.42MRevenue 2021: €25.12M€25.12MOperating result 2021: €4.44M€4.44MNet result 2021: €2.84M€2.84MRevenue 2022: €11.69M€11.69MOperating result 2022: €268k€268kNet result 2022: €304k€304k2018201920212022
RevenueOperating resultNet result
Revenue
€11.69M
-53.4% 18-22
Net profit
€304k
-89.3% 18-22
Total assets
€29.40M
-46.3% 18-22
Equity
€4.17M
+7.9% 18-22
Working capital
€4.65M
+21.3% 18-22
Employees (FTE)
1
-57.6% 18-22
Staff costs
€95k
-45.0% 18-22
Income taxes
€-84k
- 18-22
Show 11 other metrics
Dividends
€4.07M
+29.6% 18-22
Debt
€25.23M
-50.4% 18-22
Debt ≤ 1y
€24.74M
-51.4% 18-22
Debt > 1y
€0
-100.0% 18-22
Current ratio
1.19
+10.5% 18-22
Quick ratio
1.19
+10.5% 18-22
Solvency
14.2%
+100.8% 18-22
Debt / equity
6.05
-54.0% 18-22
ROE
7.3%
-90.1% 18-22
ROA
1.0%
-80.1% 18-22
Net margin
2.6%
-77.0% 18-22
Figures by fiscal year
Fiscal year2022
Depositander
Revenue€11.69M
EBITDA-
Net profit€304k
Cash flow-
Staff costs€95k
Income taxes€-84k
Dividends-
Total assets€29.40M
Equity€4.17M
Debt€25.23M
of which ≤ 1y€24.74M
of which > 1y-
Working capital€4.65M
Employees (FTE)1.4
Ratios (computed)
2022
Current ratio1.19
Quick ratio1.19
Working capital ratio15.8%
Solvency14.2%
Debt / equity6.05
Long-term debt ratio-
Interest coverage-
Gross margin33.9%
Net margin2.6%
ROA1.0%
ROE7.3%
EBITDA margin-
Days sales outstanding353d
Days payable outstanding168d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€29.40M
Fixed assets 21/28€13k
Financial fixed assets 28€13k
Current assets 29/58€29.39M
Amounts receivable within one year 40/41€29.29M
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€29.40M
Equity 10/15€4.17M
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€4.15M
Amounts payable 17/49€25.23M
Amounts payable within one year 42/48€24.74M
Trade debts payable within one year 44€3.55M
Income statement
Turnover 70€11.69M
Operating result 9901€268k
Financial charges 65€48k
Result before taxes 9903€220k
Income taxes 67/77€-84k
Net result for the period 9904€304k
Result to be appropriated 9905€304k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator JOAN DUBAERE
KEIZER KARELLAAN 586 BUS 9, 1082 SINT-AGATHA-BERCHEM
 29-10-2024 → present Belgian State Gazette
Legal Structure
NACE primary Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form Private limited company(610)
Incorporation24-05-2012
StatusActive
Postal code1030
First BS signal 05-11-2024
Latest BS signal 05-11-2024
Establishment units 1 location
Auguste Reyerslaan 80, 1030 Schaarbeek
Isolatiewerkzaamheden
since 20122.213.107.755
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21911C0131/03L000 Brussels 6,848 m² 1 · 3,050 m² 32.3 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
05-11-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · ISG CONSTRUCTION SERVICES BV AUGUSTE REYERSLAAN 80, 1030 Schaarbeek · event 29-10-2024
2023
30-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · ander
04-01-2023
State Gazette act Director changes
2022
06-12-2022
NBB filing Annual accounts filed
fiscal year 2021 · ander
2021
07-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
15-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
11-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
16-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
20-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
28-09-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2014
08-12-2014
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals1 events
05-11-2024
Bankruptcy Opening
Date: 29-10-2024 · Ondernemingsrechtbank Brussel · ISG CONSTRUCTION SERVICES BV AUGUSTE REYERSLAAN 80, 1030 Schaarbeek · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-11-05 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 16 acts read

We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
04-01-2023 2 directors appointed Director changes
  • Wim Van De Walle, Commissaris
  • Stijn De Coen, Commissaris
Technical details 
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    {
      "kind": "commissaris_in",
      "role": "commissaris",
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        "name": "Wim Van De Walle",
        "address": "Regenboog 2, 9090 Melle, Belgique",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0449.065.260",
        "name": "Baker Tilly Bedrijfsrevisoren BV",
        "address": "Da Vincilaan 0449.065.260, Regenboog 2, 9090 Melle, Belgium",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": "statutair",
      "compensated": true,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
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      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Stijn De Coen",
        "address": "Regenboog 2, 9090 Melle, Belgoqie",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": "0449.065.260",
        "name": "Baker Tilly Bedrijfsrevisoren BV",
        "address": "Da Vincilaan 0449.065.260, Regenboog 2, 9090 Melle, Belgium",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": "statutair",
      "compensated": true,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-01-04",
    "filing_date": "2022-12-27",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2022-11-17",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0846.128.624",
    "name_full": "ISG Construction Services",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Karen Booth",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [
    "Bijlagen bij I het Belgisch Staatsblad",
    "Annexes du Moniteur belge"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameFR ISG Construction Services
Registered office
Auguste Reyerslaan 80
1030 Schaarbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative