Burnguard
ActiveSummary
Burnguard has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of €2.6m. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+6
Solvency82▲+29
Growth75▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 1.35 in 2024; short-term debt: 39.1% and cash: 11.5% of total assets), and 43.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.9%
Return on assets
19.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
on the day
2022
17 d early
2021
44 d early
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
On 4 May 2016, Burnguard was incorporated by KIDRON MANAGEMENT AND HOLDINGS (1961) LIMITED, with a starting capital of EUR 20,000.12 A capital increase in 2016 brought the capital to EUR 1 million.3 In 2024 the company took the name Burnguard.4 INCENDIN has served as director of the company since 2017.5 Revenue went from EUR 14 million in 2018 to EUR 28 million in 2025 and headcount from 4.9 to 3.6 full-time equivalents.6
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?STRACO PE · 16 companies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#9 company by total assets in Willebroek, Wholesale and retail trade sector#9 company by equity in Willebroek, Wholesale and retail trade sector
Turnover
€28.1m▲ 17.8%
2024 · €23.8m
EBIT margin
14.1%▼ 0.3pp
2024 · 14.4%
Net result
€2.6m▲ 17.5%
2024 · €2.2m
Working capital
€6.4m▲ 49.6%
2024 · €4.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€14.6m▼ 5.6%€15.8m▲ 8.2%€20.3m▲ 28.8%€23.8m▲ 17.2%€28.1m▲ 17.8%
Operating result€1.2m▲ 134%€1.9m▲ 58.4%€2.2m▲ 19.6%€3.4m▲ 54.6%€4.0m▲ 15.1%
Net result€834,254above the sector's middle half▲ 114%€1.3mabove the sector's middle half▲ 61.5%€2.1mabove the sector's middle half▲ 52.2%€2.2mabove the sector's middle half▲ 9.6%€2.6mabove the sector's middle half▲ 17.5%
EBIT margin8.0%▲ 4.8pp11.8%▲ 3.7pp10.9%▼ 0.8pp14.4%▲ 3.5pp14.1%▼ 0.3pp
Equity€1.9mwithin the sector's middle half▲ 77.3%€3.3mwithin the sector's middle half▲ 70.4%€2.8mwithin the sector's middle half▼ 13.8%€5.0mwithin the sector's middle half▲ 77.5%€7.6mabove the sector's middle half▲ 52.9%
Total assets€4.1mwithin the sector's middle half▼ 19.4%€6.7mwithin the sector's middle half▲ 64.4%€10.8mwithin the sector's middle half▲ 62.0%€18.0mabove the sector's middle half▲ 66.8%€13.4mabove the sector's middle half▼ 25.6%
Debt€1.9m▼ 48.8%€3.2m▲ 68.0%€7.6m▲ 141%€12.8m▲ 68.3%€5.6m▼ 56.1%
Working capital€1.1mwithin the sector's middle half▲ 250%€2.4mwithin the sector's middle half▲ 119%€1.9mwithin the sector's middle half▼ 22.6%€4.3mabove the sector's middle half▲ 130%€6.4mabove the sector's middle half▲ 49.6%
Solvency47.1%within the sector's middle half▲ 25.7pp48.9%within the sector's middle half▲ 1.7pp26.0%within the sector's middle half▼ 22.9pp27.7%within the sector's middle half▲ 1.7pp56.9%within the sector's middle half▲ 29.2pp
Current ratio1.58within the sector's middle half▲ 0.501.76within the sector's middle half▲ 0.181.24within the sector's middle half▼ 0.511.35within the sector's middle half▲ 0.102.22within the sector's middle half▲ 0.87
Return on assets (ROA)20.6%above the sector's middle half▲ 12.8pp20.2%above the sector's middle half▼ 0.4pp19.0%above the sector's middle half▼ 1.2pp12.5%above the sector's middle half▼ 6.5pp19.7%above the sector's middle half▲ 7.2pp
Staff (FTE)3.8within the sector's middle half▼ 5.0%3.9within the sector's middle half▲ 2.6%3.5within the sector's middle half▼ 10.3%2below the sector's middle half▼ 42.9%3.6below the sector's middle half▲ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.4m
Fixed assets
€1.8m ▲ 21.0%
Current assets
€11.6m ▼ 29.7%
Equity and liabilities €13.4m
Equity
€7.6m ▲ 52.9%
Provisions
€155,750 ▼ 30.5%
Debt
€5.6m ▼ 56.1%
Debt's share of the balance-sheet total falls from 71.1% to 41.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.6m▲
2024 · €3.9m
Cash flow
€3.2m▲
2024 · €2.7m
Quick ratio
2.21▲
2024 · 1.29
Debt to equity
0.74▼
2024 · 2.57
ROE
34.6%▼
2024 · 45.1%
Interest coverage
43.94▼
2024 · 1546.12
Debt ≤ 1 year
€5.2m▼
2024 · €12.3m
Income taxes
€1.3m▲
2024 · €1.1m
Staff costs
€787,439▲
2024 · €591,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €14.8m | €16.1m | €21.1m | €24.3m | €29.3m | ▲ 20.7% |
| Turnover70 | €14.6m | €15.8m | €20.3m | €23.8m | €28.1m | ▲ 17.8% |
| Other operating income74 | €233,452 | €323,283 | €768,527 | €423,393 | €394,221 | ▼ 6.9% |
| Non-recurring operating income76A | - | €5,548 | - | €58 | €819,142 | ▲ 1,422,021% |
| Operating charges60/66A | €13.6m | €14.3m | €18.9m | €20.8m | €25.3m | ▲ 21.7% |
| Goods for resale, raw materials and consumables60 | €10.4m | €11.0m | €15.2m | €17.0m | €21.5m | ▲ 26.3% |
| Purchases600/8 | €10.2m | €10.9m | €15.2m | €17.5m | €20.8m | ▲ 18.9% |
| Change in stocks: decrease (increase)609 | €217,985 | €44,771 | €5,847 | -€523,447 | €632,527 | ▲ 221% |
| Services and other goods61 | €2.0m | €2.1m | €2.5m | €2.7m | €2.6m | ▼ 2.9% |
| Remuneration, social security and pensions62 | €604,382 | €718,432 | €666,897 | €591,654 | €787,439 | ▲ 33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €463,380 | €376,850 | €441,529 | €495,731 | €588,391 | ▲ 18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€11,620 | - | €162,060 | -€135,844 | ▼ 184% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €67,767 | €80,309 | -€158,051 | -€53,334 | ▲ 66.3% |
| Other operating charges640/8 | €11,954 | €16,386 | €4,407 | €14,448 | €41,683 | ▲ 189% |
| Non-recurring operating charges66A | €128,688 | €43,874 | €54,637 | €6,158 | €8,785 | ▲ 42.7% |
| Operating profit (loss)9901 | €1.2m | €1.9m | €2.2m | €3.4m | €4.0m | ▲ 15.1% |
| Financial income75/76B | €13,446 | €15,798 | €32,233 | €66,204 | €395,830 | ▲ 498% |
| Recurring financial income75 | €13,446 | €15,798 | €32,233 | €66,204 | €395,830 | ▲ 498% |
| Income from current assets751 | - | - | €4,213 | - | €227,575 | - |
| Other financial income752/9 | €13,446 | €15,798 | €28,020 | €66,204 | €168,255 | ▲ 154% |
| Financial charges65/66B | €70,919 | €68,738 | €118,739 | €116,614 | €381,093 | ▲ 227% |
| Recurring financial charges65 | €70,919 | €68,738 | €118,739 | €116,614 | €381,093 | ▲ 227% |
| Debt charges650 | €805 | €1,827 | €2,514 | €2,547 | €103,588 | ▲ 3,967% |
| Other financial charges652/9 | €70,115 | €66,911 | €116,225 | €114,067 | €277,505 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.8m | €2.1m | €3.4m | €4.0m | ▲ 17.3% |
| Income taxes67/77 | €282,594 | €460,060 | €88,451 | €1.1m | €1.3m | ▲ 16.9% |
| Taxes670/3 | €282,615 | €460,060 | €88,451 | €1.1m | €1.3m | ▲ 16.5% |
| Tax adjustments and reversals of tax provisions77 | €21 | - | - | €3,925 | - | - |
| Profit (loss) for the period9904 | €834,254 | €1.3m | €2.1m | €2.2m | €2.6m | ▲ 17.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €89,193 | €205,507 | ▲ 130% |
| Transfer to tax-exempt reserves689 | €294,700 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €539,554 | €1.3m | €2.1m | €2.3m | €2.8m | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €6.7m | €10.8m | €18.0m | €13.4m | ▼ 25.6% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €1.1m | €1.1m | €1.3m | €1.5m | €1.8m | ▲ 21.0% |
| Intangible fixed assets21 | €1.1m | €1.1m | €1.3m | €1.4m | €1.8m | ▲ 21.3% |
| Tangible fixed assets22/27 | €14,295 | €21,393 | €20,604 | €26,103 | €26,544 | ▲ 1.7% |
| Plant, machinery and equipment23 | €1,149 | €15,667 | €16,142 | €24,341 | €22,856 | ▼ 6.1% |
| Furniture and vehicles24 | €6,991 | €5,726 | €4,462 | €1,762 | €3,689 | ▲ 109% |
| Assets under construction and advance payments27 | €6,156 | - | - | - | - | - |
| Current assets29/58 | €3.0m | €5.5m | €9.5m | €16.5m | €11.6m | ▼ 29.7% |
| Stocks and contracts in progress3 | €197,680 | €152,909 | €147,062 | €670,509 | €39,818 | ▼ 94.1% |
| Stocks30/36 | €197,680 | €152,909 | €147,062 | €670,509 | €39,818 | ▼ 94.1% |
| Goods purchased for resale34 | €197,680 | €152,909 | €147,062 | €670,509 | €39,818 | ▼ 94.1% |
| Amounts receivable within one year40/41 | €2.0m | €5.0m | €7.6m | €13.3m | €10.0m | ▼ 24.4% |
| Trade receivables40 | €2.0m | €2.5m | €3.7m | €4.1m | €4.7m | ▲ 15.1% |
| Other amounts receivable41 | €13,940 | €2.6m | €3.9m | €9.2m | €5.3m | ▼ 41.9% |
| Cash at bank and in hand54/58 | €783,059 | €343,232 | €1.7m | €2.6m | €1.5m | ▼ 39.9% |
| Deferred charges and accrued income490/1 | €6,456 | €24,106 | €25,679 | €43,550 | €17,325 | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €6.7m | €10.8m | €18.0m | €13.4m | ▼ 25.6% |
| Equity10/15 | €1.9m | €3.3m | €2.8m | €5.0m | €7.6m | ▲ 52.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €294,700 | €294,700 | €294,700 | €294,700 | €294,700 | = |
| Tax-exempt reserves132 | €294,700 | €294,700 | €294,700 | €205,507 | - | - |
| Distributable reserves133 | - | - | - | €89,193 | €294,700 | ▲ 230% |
| Profit (loss) carried forward14 | €598,852 | €1.9m | €1.5m | €3.7m | €6.3m | ▲ 71.9% |
| Provisions and deferred taxes16 | €264,741 | €251,827 | €382,136 | €224,084 | €155,750 | ▼ 30.5% |
| Provisions for liabilities and charges160/5 | €264,741 | €251,827 | €382,136 | €224,084 | €155,750 | ▼ 30.5% |
| Other liabilities and charges164/5 | €264,741 | €251,827 | €382,136 | €224,084 | €155,750 | ▼ 30.5% |
| Amounts payable17/49 | €1.9m | €3.2m | €7.6m | €12.8m | €5.6m | ▼ 56.1% |
| Amounts payable within one year42/48 | €1.9m | €3.2m | €7.6m | €12.3m | €5.2m | ▼ 57.3% |
| Trade debts44 | €1.6m | €2.9m | €4.9m | €8.4m | €2.3m | ▼ 73.3% |
| Suppliers440/4 | €1.6m | €2.9m | €4.9m | €8.4m | €2.3m | ▼ 73.3% |
| Taxes, remuneration and social security45 | €240,900 | €207,541 | €182,381 | €819,901 | €689,299 | ▼ 15.9% |
| Taxes450/3 | €48,206 | €24,627 | €15,859 | €635,090 | €517,260 | ▼ 18.6% |
| Remuneration and social security454/9 | €192,694 | €182,914 | €166,521 | €184,811 | €172,039 | ▼ 6.9% |
| Other amounts payable47/48 | - | - | €2.5m | €3.0m | €2.3m | ▼ 23.7% |
| Accrued charges and deferred income492/3 | €3,996 | €2,427 | €553 | €525,321 | €379,588 | ▼ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €834,254 | €1.3m | €2.1m | €2.2m | €2.6m | ▲ 17.5% |
| + Depreciation and write-downs630 | €463,380 | €376,850 | €441,529 | €495,731 | €588,391 | ▲ 18.7% |
| Operating cash flow (approximation) | €1.3m | €1.7m | €2.5m | €2.7m | €3.2m | ▲ 17.7% |
| Investment in fixed assets (approximation) | - | -€410,566 | -€662,025 | -€624,799 | -€897,307 | ▼ 43.6% |
| Change in cash | - | -€439,827 | €1.3m | €893,393 | -€1.0m | ▼ 214% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
03-06
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Paul Eelen3 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Paul Eelen3 facts ▸
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Paul Eelen (permanent representative)
- Director in office, Tom Van Gyseghem (director)
2025
31-12
Financial
Highest result since 2018net €2.6m ▲17.5%
Operating result €4.0m, net result €2.6m, both a record.
31-12
Financial
Equity above €5mEq €7.6m ▲52.9%
7 profitable years in a row build equity to €7.6m.
13-10
State Gazette act
Resignation: WONG HIL FOON BV (director)Permanent representatives: Hil Foon WONG and Tom VAN GYSEGHEM5 facts ▸
State Gazette act
Resignation: WONG HIL FOON BV (director)
Permanent representatives: Hil Foon WONG and Tom VAN GYSEGHEM5 facts ▸
- General meeting, 17-09-2025
- Director resignation, WONG HIL FOON BV (director)
- Permanent representative, Hil Foon WONG
- Board composition, Incendin NV (sole director)
- Permanent representative, Tom VAN GYSEGHEM
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
10-03
State Gazette act
Resignation: PEVEHA Consultants BV (director)Permanent representatives: Tom Van Gyseghem and Hil Wong · Share consolidation · Power of attorney9 facts ▸
State Gazette act
Resignation: PEVEHA Consultants BV (director)
Permanent representatives: Tom Van Gyseghem and Hil Wong · Share consolidation · Power of attorney9 facts ▸
- Board meeting, 16-01-2025
- Share consolidation, 20-12-2024, 5100
- General meeting, 30-01-2025
- Power of attorney, AD-Ministerie BV
- Director resignation, PEVEHA Consultants BV (director)
- Board composition, Incendin NV (director)
- Board composition, Wong Hil Foon BV (director)
- Permanent representative, Tom Van Gyseghem
- Permanent representative, Hil Wong
2024
19-08
State Gazette act
BenamingName change · Power of attorney3 facts ▸
State Gazette act
Benaming
Name change · Power of attorney3 facts ▸
- General meeting, 07-08-2024
- Name change, Burnguard
- Power of attorney, Alexander CAUDRON
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
06-03
State Gazette act
Appointment: Peveha Consultants BV (director)Permanent representative: Sara Van der Heyden · Mandate compensation4 facts ▸
State Gazette act
Appointment: Peveha Consultants BV (director)
Permanent representative: Sara Van der Heyden · Mandate compensation4 facts ▸
- General meeting, 05-02-2024
- Director appointment, Peveha Consultants BV (director)
- Permanent representative, Sara Van der Heyden
- Mandate compensation, Peveha Consultants BV
30-01
State Gazette act
Resignation: Orchidee Europe (director)Appointments: INCENDIN (director) and WONG HIL FOON (director) · Permanent representatives: Tom Van Gyseghem and Hil Wong · Statutes amendment19 facts ▸
State Gazette act
Resignation: Orchidee Europe (director)
Appointments: INCENDIN (director) and WONG HIL FOON (director) · Permanent representatives: Tom Van Gyseghem and Hil Wong · Statutes amendment19 facts ▸
- General meeting, 21-12-2023
- Statutes amendment
- Reserve release, Beschikbaar maken van het vroegere kapitaal en de vroegere wettelijke reserve (omgezet in onbeschikbare eigenvermogensrekeningen)
- Capital
- Director resignation, Orchidee Europe (director)
- Director appointment, INCENDIN (director)
- Director appointment, WONG HIL FOON (director)
- Permanent representative, Tom Van Gyseghem
- Permanent representative, Hil Wong
- Mandate compensation, INCENDIN
- Mandate compensation, WONG HIL FOON
- Power of attorney, BAAKN
- +7 further facts in this act
93.7% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
28-04
State Gazette act
Resignations & appointmentsPower of attorney3 facts ▸
State Gazette act
Resignations & appointments
Power of attorney3 facts ▸
- Board meeting, 27-03-2023
- Power of attorney, Kris Van de Walle
- Power of attorney, Schoups BV
23-03
State Gazette act
Appointment: Incendin NV (director)Permanent representative: Tom Van Gyseghem · Mandate compensation4 facts ▸
State Gazette act
Appointment: Incendin NV (director)
Permanent representative: Tom Van Gyseghem · Mandate compensation4 facts ▸
- General meeting, 03-03-2023
- Director appointment, Incendin NV (director)
- Permanent representative, Tom Van Gyseghem
- Mandate compensation, Incendin NV
31-01
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Paul Eelen · Mandate compensation4 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Paul Eelen · Mandate compensation4 facts ▸
- General meeting, 03-11-2022
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Paul Eelen
- Mandate compensation, EY Bedrijfsrevisoren BV
2022
31-12
Financial
Equity above €2mEq €3.3m ▲70.4%
4 profitable years in a row build equity to €3.3m.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
16-02
State Gazette act
Resignation: Concentric BV (director)Permanent representative: Koen Schrooten · Power of attorney4 facts ▸
State Gazette act
Resignation: Concentric BV (director)
Permanent representative: Koen Schrooten · Power of attorney4 facts ▸
- General meeting, 20-01-2021
- Director resignation, Concentric BV (director)
- Permanent representative, Koen Schrooten
- Power of attorney, Steynen Rina
10-02
State Gazette act
Legal-form change · Resignations & appointmentsPower of attorney5 facts ▸
State Gazette act
Legal-form change · Resignations & appointments
Power of attorney5 facts ▸
- Board meeting, 25-01-2021
- Power of attorney, Kris Van de Walle
- Power of attorney, Incendin NV
- Power of attorney, B-link BV
- Power of attorney, Nitsa Galili
2020
31-12
Financial
Equity above €1mEq €1.1m ▲56.7%
2 profitable years in a row build equity to €1.1m.
17-07
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)Permanent representative: Kristof Van Linden3 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative: Kristof Van Linden3 facts ▸
- General meeting, 18-06-2020
- Auditor reappointment, KPMG Bedrijfsrevisoren Burg. CVBA
- Permanent representative, Kristof Van Linden
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
08-01
State Gazette act
Resignation: Felio BVBA (manager)Permanent representative: Joris Coppye · Power of attorney4 facts ▸
State Gazette act
Resignation: Felio BVBA (manager)
Permanent representative: Joris Coppye · Power of attorney4 facts ▸
- General meeting, 28-11-2019
- Director resignation, Felio BVBA (manager)
- Permanent representative, Joris Coppye
- Power of attorney, Steynen Rina
2019
31-12
Financial
Back to profitnet €384,808
Net result €384,808 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €688,978 ▲127%
Equity rises from €304,170 to €688,978.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-10
State Gazette act
Resignation: Nitsa Nachshon Galili (manager)Permanent representative: Hil Foon Wong · Director discharge4 facts ▸
State Gazette act
Resignation: Nitsa Nachshon Galili (manager)
Permanent representative: Hil Foon Wong · Director discharge4 facts ▸
- General meeting, 24-09-2018
- Director resignation, Nitsa Nachshon Galili (manager)
- Director discharge, Nitsa Nachshon Galili
- Permanent representative, Hil Foon Wong
13-09
State Gazette act
Appointment: Nitsa Nachshon Galili (manager)Permanent representative: Hil Foon Wong · Mandate compensation4 facts ▸
State Gazette act
Appointment: Nitsa Nachshon Galili (manager)
Permanent representative: Hil Foon Wong · Mandate compensation4 facts ▸
- General meeting, 17-08-2018
- Director appointment, Nitsa Nachshon Galili (manager)
- Mandate compensation, Nitsa Nachshon Galili
- Permanent representative, Hil Foon Wong
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
14-02
State Gazette act
Resignation: INCENDIN NV (manager)Appointment: FELIO BVBA (manager) · Permanent representative: Joris Coppye · Mandate compensation5 facts ▸
State Gazette act
Resignation: INCENDIN NV (manager)
Appointment: FELIO BVBA (manager) · Permanent representative: Joris Coppye · Mandate compensation5 facts ▸
- General meeting, 22-12-2017
- Director resignation, INCENDIN NV (manager)
- Director appointment, FELIO BVBA (manager)
- Permanent representative, Joris Coppye
- Mandate compensation, FELIO BVBA
2017
25-10
State Gazette act
Resignation: Yodal GmbH (manager)Authority revocation4 facts ▸
State Gazette act
Resignation: Yodal GmbH (manager)
Authority revocation4 facts ▸
- General meeting, 03-10-2017
- Director resignation, Yodal GmbH (manager)
- Board meeting, 03-10-2017
- Authority revocation, alle bevoegdheidsdelegaties, met inbegrip van alle delegaties van bank- en andere bevoegdheden, waaronder de bevoegdheidsdelegatie toegekend door het college va…
10-10
State Gazette act
Appointment: Concentric BVBA (manager)Power of attorney3 facts ▸
State Gazette act
Appointment: Concentric BVBA (manager)
Power of attorney3 facts ▸
- General meeting, 10-09-2017
- Director appointment, Concentric BVBA (manager)
- Power of attorney, contrast
28-08
State Gazette act
Appointment: KPMG Bedrijfsrevisoren (statutory auditor)Permanent representative: Kristof Van Linden3 facts ▸
State Gazette act
Appointment: KPMG Bedrijfsrevisoren (statutory auditor)
Permanent representative: Kristof Van Linden3 facts ▸
- General meeting, 10-08-2017
- Auditor appointment, KPMG Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Kristof Van Linden
03-03
State Gazette act
Appointment: Incendin (bijkomend zaakvoerder)Permanent representative: Coppye Joris3 facts ▸
State Gazette act
Appointment: Incendin (bijkomend zaakvoerder)
Permanent representative: Coppye Joris3 facts ▸
- General meeting, 06-02-2017
- Director appointment, Incendin (bijkomend zaakvoerder)
- Permanent representative, Coppye Joris
2016
14-10
State Gazette act
Resignations & appointmentsPower of attorney · Condition4 facts ▸
State Gazette act
Resignations & appointments
Power of attorney · Condition4 facts ▸
- Board meeting, 06-09-2016
- Power of attorney, Yodal GmbH
- Power of attorney, Wong Hil Foon BVBA
- Condition, Alle handelingen tussen de Vennootschap en verbonden vennootschappen van Yodal GmbH of de heer Michael Susz kunnen enkel worden gesteld door Yodal GmbH, vast ve…
23-09
State Gazette act
Resignation: SUSZ Michael (manager)Appointment: YODAL GmbH (manager) · Permanent representative: SUSZ Michael · Capital increase9 facts ▸
State Gazette act
Resignation: SUSZ Michael (manager)
Appointment: YODAL GmbH (manager) · Permanent representative: SUSZ Michael · Capital increase9 facts ▸
- General meeting, 07-09-2016
- Capital increase, €1.000.000
- Capital, €1.020.000
- Statutes amendment
- Director resignation, SUSZ Michael (manager)
- Director appointment, YODAL GmbH (manager)
- Permanent representative, SUSZ Michael
- Mandate compensation, YODAL GmbH
- Director discharge, SUSZ Michael
28-06
State Gazette act
Appointment: Wang Hil Foon (bijkomend zaakvoerder)Permanent representative: Wong Hil Foon3 facts ▸
State Gazette act
Appointment: Wang Hil Foon (bijkomend zaakvoerder)
Permanent representative: Wong Hil Foon3 facts ▸
- General meeting, 13-06-2016
- Director appointment, Wang Hil Foon (bijkomend zaakvoerder)
- Permanent representative, Wong Hil Foon
09-05
State Gazette act
IncorporationAppointment: SUSZ Michael (non-statutory manager) · Founding capital · Mandate compensation7 facts ▸
State Gazette act
Incorporation
Appointment: SUSZ Michael (non-statutory manager) · Founding capital · Mandate compensation7 facts ▸
- Incorporation, 04-05-2016
- Founding capital, €20.000
- General meeting, 04-05-2016
- Director appointment, SUSZ Michael (non-statutory manager)
- Mandate compensation, SUSZ Michael
- Founder, KIDRON MANAGEMENT AND HOLDINGS (1961) LIMITED
- Capital paid up, 20000, EUR
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
24 of 24 acts read
Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2025
Board 1
INCENDIN
CurrentDirector · since 06-02-2017 · Public limited company · perm. rep.: Tom Van Gyseghem
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Concentric BVBA
Not recently confirmedManager · since 11-09-2017 · Legal entity
Felio BVBA
Not recently confirmedManager · since 22-12-2017 · Legal entity · perm. rep.: Joris Coppye
Day-to-day management 1
INCENDIN
CurrentDay-to-day manager · since 21-12-2023 · Public limited company · perm. rep.: Tom Van Gyseghem
Permanent representatives 1
Tom Van Gyseghem
CurrentPermanent representative · since 06-02-2017 · for INCENDIN
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Joris Coppye
Not recently confirmedPermanent representative · since 22-12-2017 · for Felio BVBA
Statutory auditor 1
Ernst et Young Reviseurs d'Entreprises
CurrentStatutory auditor · since 03-11-2022 · perm. rep.: Paul Eelen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 2016
Ground area
1.4 ha
Building footprint
1,737 m²
Parcel 12036B0338/02B000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Orchidee Europe
since 20162.253.837.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036B0338/02B000 | Flanders | 1.4 ha | 1 · 1,737 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
12 people since 2016, 4 in office
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| INCENDIN |
|
| Ernst et Young Reviseurs d'Entreprises |
|
| Concentric BVBA |
|
| Felio BVBA |
|
| WONG HIL FOON |
|
| KPMG Bedrijfsrevisoren Burg. CVBA |
|
| Concentric |
|
| FELIO |
|
| Nitsa Nachshon Galili |
|
| Incendin NV |
|
| Yodal GmbH |
|
| SUSZ Michael |
|
Articles of association
Purpose
Produktie, verwerking en handel van grondstoffen en scheikundige producten; onderzoek en ontwikkeling; licenties; technische bijstand; participaties; onroerend goed; leningen…
Full purpose
Produktie, verwerking en handel van grondstoffen en scheikundige producten; onderzoek en ontwikkeling; licenties; technische bijstand; participaties; onroerend goed; leningen; roerend goed; etc.
Structure & network
Part of the group
STRACO PE
16 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- STRACO
- STRACO HOLDCO
- Tisseltco Holdco
- INCENDIN
- Burnguard
Highest known parent: STRACO. The sources do not say who stands above it.
Owners 2
- INCENDINparent100%
-
0.02%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ECOCHEM INTERNATIONAL
Shared corporate director
→
Uniteq
Shared corporate director
→
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 09-05-2016 ↗
- KIDRON MANAGEMENT AND HOLDINGS (1961) LIMITED sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 30-01-2024 Capital stated in the act · 5,100 shares
- 23-09-2016 Capital increase of 1,000,000 EUR · to 1,020,000 EUR · 5,000 new shares · in cash
- 09-05-2016 Incorporation · 20,000 EUR · 100 shares
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 511 EUR awarded · 511 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 511 EUR | 511 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300AV2BVS54Z4NK52
Similar companies · same sector, comparable size
INTERFLUX ELECTRONICS
BE 0427.400.311
Gent · Eq €7,608,065
CLOQUETTE ETS
BE 0415.824.944
Liège · Eq €7,509,024
OXERRA EUROPE
BE 0476.405.602
Ninove · Eq €7,775,230
P.I. OF EUROPE
BE 0437.370.426
Beringen · Eq €7,489,005
Nutrien Europe
BE 0425.967.283
Brussel · Eq €7,832,275
Of 1,228 companies in sector 46851 we hold annual accounts for 528. 271 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653809593
Also
9925:BE0653809593
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.