Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
Financials
Financial year 2026
ISAVO from Brecht, company number BE0442002274, closed financial year 2026 with a result of € -77,503 after tax. For that financial year ISAVO recorded a gross margin of € -6,297 and equity of € 198,644. Compared with financial year 2025, the result moved from € -17,923 to € -77,503. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 198,644
▼ 28% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -77,503
▼ 332 % more loss than in 2025
Profit after tax over the fiscal year.
€ 165,193
▲ € 124,243 vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 136,644.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 62,097
▲ 53% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 31,398 | € 33,114 | € 26,748 | € -6,297 | ▼ € 33,045 |
| Profit after taxes | € -14,648 | € -10,760 | € -17,923 | € -77,503 | ▼ € 59,581 |
| Equity | € 310,869 | € 294,070 | € 276,147 | € 198,644 | ▼ 28% |
| Total debts | € 47,202 | € 50,145 | € 47,358 | € 23,805 | ▼ 50% |
| Cash | € 53,067 | € 55,242 | € 40,950 | € 165,193 | ▲ € 124,243 |
| Retained profit | € 248,869 | € 232,070 | € 214,147 | € 136,644 | ▼ 36% |
| Dividend | € 4,342 | € 6,039 | € 0 | € 0 | |
| Balance sheet total | € 358,072 | € 344,214 | € 323,505 | € 222,449 | ▼ 31% |
Key figures of ISAVO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 December 2027.
What happened to ISAVO?
What happened at ISAVO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 77,503. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,648 loss in 2023 to € 77,503 loss in 2026.
Paid out € 10,381 in dividends to the owners in total.
Management
Behind ISAVO is Luc Van den Keybus.
Directors
According to the 2026 annual accounts
Luc Van den Keybus
Gedelegeerd bestuurder
Establishments
Establishment units
Physical locations of this company
Gasthuisstraat 52
2960 Brecht
Julius De Geyterstraat 19
2020 Antwerpen
Active since 9 January 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.002.274
- VAT number
- BE 0442.002.274
- Registered office
- Gasthuisstraat 52, 2960 Brecht
- Names & denominations
- ISAVO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 1990
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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