ISRI

Active

Private limited companyfounded 201610 yrs activeAntwerpsesteenweg 911, 9041 Gent, BelgiumKBO/BCE: BE 0656.971.595

For ISRI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €7k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1186 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Filing: At least two filing cycles are missing

Axes, FY 2023 · tick = 2022

Profitability73▲+73

Solvency35▲+35

Growth85▲+53

Track record100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2023

Solvency, return and age of the figures

Solvency

10%

Return on assets

20.5%

Age of the figures

33 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 42

Relative position

BE, all sectors

reference

Sector 42

higher

← fewer bankruptcies more bankruptcies →

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 7 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline21-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-07-2024, 28 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

28 d early

2022

100 d late

2021

278 d late

2020

9 d late

2019

38 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Turnover

€1.16M▲ 977%

2022 · €108k

2022: €108k

2022 → 2023

EBIT margin

1.5%▲ 14.4pp

2022 · -12.9%

2022: -12.9%

2022 → 2023

Net result

€14k

2022 · €-14k

2018: €-833 2019: €-72 2021: €7k 2022: €-14k

2018 → 2023

Working capital

€6k

2022 · €-8k

2018: €-1k 2019: €-1k 2020: €-1k 2021: €6k 2022: €-8k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€108k€1.16M▲ 977%

Equity€-1k-€-1k=€7k€-7k€7k

Operating result€-72-€7k€-14k€17k

Net result€-72-€7k€-14k€14k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2023: €17k after a loss of €14k in 2022, the highest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €70k

98.7%

Fixed assets €907▲ 907%

Current assets €69k▲ 1,569%

Equity and liabilities €71k

10%

90.0%

Equity €7k

Debt €63k

Debt finances 90.0% of the balance-sheet total.

Key figures and ratios

2023 value · change against 2022

EBITDA

€28k▲

2022 · €-14k

Cash flow

€26k▲

2022 · €-14k

Solvency

10.0%

Current ratio

1.09

Quick ratio

1.09

Debt / equity

8.99

ROE

204.9%

ROA

20.5%

Interest coverage

78.59▲

2022 · -229.69

Debt

€63k▲

2022 · €12k

Debt ≤ 1 year

€63k▲

2022 · €12k

Income taxes

€2k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€5k€71k▲

Formation expenses20€642€505▼

Fixed assets21/28€90€907▲

Tangible fixed assets22/27-€817

Furniture and vehicles24-€817

Financial fixed assets28€90€90=

Current assets29/58€4k€69k▲

Amounts receivable within one year40/41€2k€5k▲

Other amounts receivable41€2k€5k▲

Cash at bank and in hand54/58€3k€64k▲

Equity and liabilities

Total equity and liabilities10/49€5k€71k▲

Equity10/15€-7k€7k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-26k€-12k▲

Amounts payable17/49€12k€63k▲

Amounts payable within one year42/48€12k€63k▲

Financial debts43€1k€1k=

Credit institutions430/8€1k€1k=

Taxes, remuneration and social security45€2k-

Taxes450/3€510-

Remuneration and social security454/9€1k-

Other amounts payable47/48€10k€62k▲

Income statement Code20222023

Turnover70€108k€1.16M▲

Goods, raw materials, services and sundry goods60/61€121k€1.13M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€214€11k▲

Other operating charges640/8€532€4k▲

Gross operating margin9900€-13k€32k▲

Operating profit (loss)9901€-14k€17k▲

Financial charges65/66B€60€362▲

Recurring financial charges65€60€362▲

Profit (loss) for the period before taxes9903€-14k€17k▲

Income taxes67/77-€2k

Profit (loss) for the period9904€-14k€14k▲

Profit (loss) for the period to be appropriated9905€-14k€14k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-26k€-12k▲

Profit (loss) brought forward from the previous period14P€-12k€-26k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2024

03-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €14k

Net result €14k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 1.09

Current ratio from 0.34 to 1.09.

08-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 100 days late

05-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 278 days late

2022

31-12

Financial Weakest financial yearnet €-14k ▼297%

Net result drops to €-14k, the lowest in the series; recovery starts the following year.

2021

31-12

Financial Liquidity quadruplescurrent ratio 1.40

Current ratio from 0.36 to 1.40.

09-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 9 days late

2020

23-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

29-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

21-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 52 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 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, Gent · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Antwerpsesteenweg 9119041 Gent

Ground area

412 m²

Building footprint

71 m²

Volume, LiDAR

377 m³