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IN ADVANCE

Active
Public limited companyfounded 1993active for 33 yearsWaterranonkelstraat 2, 1130 Brussel, Belgium11 active companies are registered at this addressKBO/BCE: BE 0450.538.571
Summary

IN ADVANCE has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.0m and a net result of €2.6m. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 51% of 1,026 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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IN ADVANCEActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001Construction of roads and motorways NACE 42110
8th largest employer in the Brussels-Capital Region, Construction of buildings sector1 site
Size
€62.3mturnover 2025
Staff
119 FTE
Equity
€12.0m
Profit
€2.6m
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Auditor: SINIO2025 accounts 29 days early4 of 9 deeds summarised
Why 87raises riskSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 1.55, cash €2.5m, halvedlowers riskFounded in 1993Size: turnover €62.3m, 119 FTE, total assets €35.9mShow the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 41, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 58+6
equity 33.3% of total assets
Liquidity 27-6
short-term debt 60.4% · cash 6.9%
Profitability 67+4
return on assets 7.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (210 companies, NACE 41, medium-sized)
Last 24 months 11-2024: 0.5%highest value 12-2024: 0.5%● unchanged vs 11-2024highest value 01-2025: 0.5%● unchanged vs 12-2024highest value 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.3 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.2 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.55, compared with 1.4 in 2024, above the usual 1.5; short-term debt: 60.4% and cash: 6.9% of total assets), but 66.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, medium-sized): better than 64% on solvency, 42% on liquidity, 70% on profitability and 70% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 1993
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.55, cash €2.5m, halved
NBB · annual accounts
lowers risk · Size: turnover €62.3m, 119 FTE, total assets €35.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €12.0m
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
57 days early
2023
106 days late
2022
32 days early
2021
30 days early
2020
16 days early
2019
17 days 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 11 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €2.6m ▲48.5%
  3. Equity above €10mequity €12.0m ▲28.2%

Key points

  • Positive: Among the best 7% on net resultsector median €32,847 · 1,028 companies €2.6m View
  • Positive: Result rose in 2025from €1.8m to €2.6m ▲ 48.5% View
  • Positive: 5 profitable years in a rowprofit 2025: €2.6m 5 years View

By topic

Financials

Financial year
2025
Turnover
€62.3m
Profit
€2.6m
Solvency
33.3%
Turnover▲ 1.8%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Auditor
SINIO
  • DEBLAUWE PhilippeManaging director
  • LAURENT CatherineDirector
Go to Board & ownership

Timeline

Events
41
Since
1995
Next accounts
by 31-07-2027
  1. 04-06-2025Annual accounts filed
  2. 14-11-2024Annual accounts filed
  3. 26-09-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
29-06-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
39
Who signs
Two directors jointly
Annual meeting
Last Tuesday of June at 15:00
Purpose
“L'achat,la vente,la construction,la location,le lotissement,la mise en valeur,la…” (deed in French)
Go to Articles of association

Key facts about IN ADVANCE

What is the company number of IN ADVANCE?
0450.538.571. In Belgium the VAT number is the company number with BE in front: BE 0450.538.571.
Where is IN ADVANCE based?
The registered office is at Waterranonkelstraat 2, 1130 Brussel.Company details
What does IN ADVANCE do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of IN ADVANCE?
Public limited company (NV).
When was IN ADVANCE founded?
On 29-06-1993.
Is IN ADVANCE still active?
Yes, IN ADVANCE is an active enterprise in the KBO register.
How many employees does IN ADVANCE have?
On average 119 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of IN ADVANCE?
€62.3m in financial year 2025, according to the filed annual accounts.
Is IN ADVANCE profitable?
In financial year 2025, IN ADVANCE made a profit of €2.6m.
Where can I find the annual accounts of IN ADVANCE?
IN ADVANCE filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IN ADVANCE due?
By 31-07-2027, for financial year 2026.Timeline

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