ISTG
ActiveISTG has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71k and a net result of €27k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent▲ +15 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+84
Solvency22▲+3
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.09 in 2023), and 87.7% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
12.3%
Return on assets
4.6%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 20787 sector peers (2024).
NBB · sector comparisonPosition among 20787 sector peers
Solvency
better than 13%
← weakest
strongest →
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 30-11-2025, 122 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
85 d late
2022
152 d late
2021
143 d late
2020
88 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27k▲ 1,765%
2023 · €1k
2018: €20k
2019: €22k
2020: €104k
2021: €161k
2022: €9k
2023: €1k
2018 → 2024
Working capital
€56k▲ 71.0%
2023 · €33k
2018: €18k
2019: €44k
2020: €158k
2021: €213k
2022: €32k
2023: €33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€161k-€34k▼ 78.7%€43k▲ 25.7%€45k▲ 3.3%€71k▲ 59.6%
Operating result€160k-€230k▲ 43.3%€27k▼ 88.3%€14k▼ 47.6%€47k▲ 231%
Net result€104k-€161k▲ 55.3%€9k▼ 94.5%€1k▼ 83.8%€27k▲ 1,765%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 231% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €576k
Fixed assets
€112k▼ 6.7%
Current assets
€465k▲ 16.8%
Equity and liabilities €576k
Equity
€71k▲ 59.6%
Debt
€505k▲ 6.8%
The debt ratio falls from 91.4% to 87.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€57k▲
2023 · €28k
Cash flow
€37k▲
2023 · €15k
Solvency
12.3%▲
2023 · 8.6%
Current ratio
1.14▲
2023 · 1.09
Quick ratio
1.14▲
2023 · 1.09
Debt / equity
7.11▼
2023 · 10.62
ROE
37.3%▲
2023 · 3.2%
ROA
4.6%▲
2023 · 0.3%
Interest coverage
9.40▲
2023 · 4.39
Debt
€505k▲
2023 · €473k
Debt ≤ 1 year
€409k▲
2023 · €365k
Debt > 1 year
€95k▼
2023 · €106k
Income taxes
€14k▲
2023 · €6k
Staff costs
€370k▲
2023 · €304k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€517k€576k▲
Fixed assets21/28€120k€112k▼
Tangible fixed assets22/27€119k€111k▼
Land and buildings22€114k€106k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€430€430=
Current assets29/58€398k€465k▲
Amounts receivable after more than one year29€33k€38k▲
Trade receivables290€33k€38k▲
Amounts receivable within one year40/41€240k€364k▲
Trade receivables40€240k€259k▲
Other amounts receivable41€60€105k▲
Cash at bank and in hand54/58€117k€55k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€517k€576k▲
Equity10/15€45k€71k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€24k€51k▲
Amounts payable17/49€473k€505k▲
Amounts payable after more than one year17€106k€95k▼
Financial debts170/4€106k€95k▼
Amounts payable within one year42/48€365k€409k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€80k€197k▲
Suppliers440/4€80k€197k▲
Taxes, remuneration and social security45€112k€138k▲
Taxes450/3€65k€97k▲
Remuneration and social security454/9€47k€40k▼
Other amounts payable47/48€162k€62k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€304k€370k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€337k€430k▲
Operating profit (loss)9901€14k€47k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€8k€40k▲
Income taxes67/77€6k€14k▲
Profit (loss) for the period9904€1k€27k▲
Profit (loss) for the period to be appropriated9905€1k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€51k▲
Profit (loss) brought forward from the previous period14P€23k€24k▲
Social balance
Average headcount (FTE)90875.3-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 85 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼83.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 152 days late
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 143 days late
2021
31-12
Financial
Highest result since 2018net €161k ▲55.3%
Operating result €230k, net result €161k, both a record.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Equity above €150kEq €161k ▲182%
3 profitable years in a row build equity to €161k.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2015
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.
Chaussée de Louvain 3511300 WavreGround area
1.1 ha
Building footprint
1,984 m²
Volume, LiDAR
34,881 m³
2 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ISTG
since 20152.244.279.496
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 25772G0164/00E004 | Wallonia | 916 m² | 1 · 212 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
GD Consil
BE 0791.485.653
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UCCB CONSULTING
BE 1024.141.737
Grez-Doiceau · Eq €71k
MDL PHI CONSULTING
BE 0759.813.866
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NEOX SOLUTIONS
BE 0866.580.182
Pont-à-Celles · Eq €71k
YOUR SHERPA
BE 1001.815.307
Aiseau-Presles · Eq €71k
Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 15,494 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2015
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
58290Other software publishing
62010Computer programming, consultancy and related activities
62100Computer programming
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.