ISOWAY
ActiveSummary
The computed 12-month bankruptcy probability of ISOWAY is 1.8% (moderate). The 2024 annual accounts show equity of €9k and a net result of €-7k. Equity is shrinking by ~33.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 33% of 1235 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-1
Solvency55▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2024Solvency, return and age of the figures
Solvency
29.8%
Return on assets
-25%
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 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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
21222324
2021 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
28 d late
2022
on the day
2021
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€9k▼ 45.6%
2023 · €16k
2021: €27k
2022: €21k
2023: €16k
2021 → 2024
Total assets
€29k▼ 18.7%
2023 · €36k
2021: €73k
2022: €46k
2023: €36k
2021 → 2024
Net result
€-7k▼ 45.5%
2023 · €-5k
2021: €17k
2022: €11k
2023: €-5k
2021 → 2024
Working capital
€-9k▼ 18.7%
2023 · €-8k
2021: €13k
2022: €5k
2023: €-8k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€27k-€21k▼ 23.4%€16k▼ 23.9%€9k▼ 45.6%
Operating result€23k-€16k▼ 32.4%€-4k€-7k▼ 52.6%
Net result€17k-€11k▼ 37.7%€-5k€-7k▼ 45.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29k
Fixed assets
€18k ▼ 24.9%
Current assets
€11k ▼ 6.8%
Equity and liabilities €29k
Equity
€9k ▼ 45.6%
Debt
€20k ▲ 3.0%
Debt's share of the balance-sheet total rises from 55.5% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2023 · €4k
Cash flow
€2k▼
2023 · €3k
Current ratio
0.56▼
2023 · 0.62
Debt to equity
2.36▲
2023 · 1.24
ROE
-84.0%▼
2023 · -31.4%
ROA
-25.0%▼
2023 · -14.0%
Interest coverage
9.10▲
2023 · 9.06
Debt ≤ 1 year
€20k▲
2023 · €20k
Income taxes
€210▲
2023 · €153
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€29k▼
Fixed assets21/28€23k€18k▼
Tangible fixed assets22/27€23k€17k▼
Furniture and vehicles24€23k€17k▼
Financial fixed assets28€150€150=
Current assets29/58€12k€11k▼
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€575€953▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€36k€29k▼
Equity10/15€16k€9k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€6k€-1k▼
Amounts payable17/49€20k€20k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€20k€20k▲
Current portion of amounts payable after more than one year42€6k-
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€163€372▲
Taxes450/3€163€372▲
Other amounts payable47/48€10k€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€592€623▲
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€-4k€-7k▼
Financial income75/76B€14€1▼
Recurring financial income75€14€1▼
Financial charges65/66B€407€270▼
Recurring financial charges65€407€270▼
Profit (loss) for the period before taxes9903€-5k€-7k▼
Income taxes67/77€153€210▲
Profit (loss) for the period9904€-5k€-7k▼
Profit (loss) for the period to be appropriated9905€-5k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-1k▼
Profit (loss) brought forward from the previous period14P€11k€6k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Chaumont-Gistoux · 1 establishment unit since 2020
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.
Avenue du 14 Juillet, Corroy 21325 Chaumont-GistouxGround area
1,463 m²
Building footprint
131 m²
Volume, LiDAR
708 m³
Parcel 25021A0027/00S000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISOWAY
since 20202.309.693.328
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25021A0027/00S000 | Wallonia | 1,463 m² | 1 · 131 m² | 8.1 m · 2 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.
Similar companies · same sector, comparable size
HUBLE DIGITAL
BE 0568.736.536
Elsene · Eq €8,632
GRAFIXPRINT
BE 0471.878.076
Tremelo · Eq €8,349
Impuls Connect
BE 0502.499.293
Hoogstraten · Eq €8,964
KARAKT
BE 0432.651.375
Oudenaarde · Eq €8,225
LetterLust
BE 0871.291.513
Zandhoven · Eq €9,082
Of 2,855 companies in sector 18130 we hold annual accounts for 832. 411 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
Founded04-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.