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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ISADA from Middelkerke, company number BE1002660789, closed financial year 2025 with a result of € -53,737 after tax. For that financial year ISADA recorded a gross margin of € 84,183 and equity of € -63,820. Compared with financial year 2024, the result moved from € -13,084 to € -53,737. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -63,820
▼ € 53,737 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,737
▼ 311 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,696
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -66,820.
People and assets in 2025
€ 130,196
▲ 19% vs 2024
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 2025
€ 10,197
▼ 21% vs 2024
€ 2,940 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 79,901
▲ 137% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,166
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 107,437 | € 84,183 | ▼ 22% |
| Profit after taxes | € -13,084 | € -53,737 | ▼ € 40,653 |
| Equity | € -10,084 | € -63,820 | ▼ € 53,737 |
| Total debts | € 85,687 | € 153,187 | ▲ 79% |
| Cash | € 25,830 | € 20,696 | ▼ 20% |
| Retained profit | € -13,084 | € -66,820 | ▼ € 53,737 |
| Bank debt | € 12,906 | € 10,197 | ▼ 21% |
| Balance sheet total | € 75,603 | € 89,366 | ▲ 18% |
Key figures of ISADA, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ISADA?
What happened at ISADA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,737. filed late Source: NBB ↗
- New establishment in Middelkerke. KBO
- Isabel Da Silva Ramos Brandao became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 13,084 loss in 2024 to € 53,737 loss in 2025.
Management
Behind ISADA are Dave Van Wesemael and Isabel Da Silva Ramos Brandao. Dave Van Wesemael is also behind SPOTS.
Directors
According to the 2025 annual accounts
Isabel Da Silva Ramos Brandao
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Distellaan 43 box GLV
8434 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1002.660.789
- VAT number
- BE 1002.660.789
- Registered office
- Distellaan 43 bus GLV, 8434 Middelkerke
- Names & denominations
- ISADA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 2023
- Peppol
- Active · Active since 17 Oct 2025
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