Equity
-€9,377
Debts exceed assets in financial year 2025.
IN.C
Lifetime
6 annual accounts with figures on one time axispeak €70,694 (2022)
€30,171▲ €49,940
lowest -€34,974 (2024)
-€21,326▲ €13,648
peak €67,495 (2022)
-€9,377▼ €21,326
€733,072▲ 75.4%
Board1 name since 2019
-
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Gross margin from -€19,769 to €30,171Loss of €21,326Equity from €11,949 to -€9,377Debts from €418,007 to €733,072Cash from €5,163 to €51,244
Key points
from the 2025 annual accountsLosses
-€76,872 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €210,000 estimated
The micro format states no turnover.
Debts
€733,072 101% of the balance sheet
Suppliers 68%Taxes and wages 4%Other 28%
Filings
6 annual accounts 5 late
The 2022 accounts came latest: 267 days after the end of the period.
Position in the sector
-€21,326
Lower net result than 91% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
Checked score
49
Fair
Financially stronger than 14% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%
01-2025: 3.8%▲ +0.1 percentage points vs 12-2024
02-2025: 3.8%● unchanged vs 01-2025
03-2025: 3.7%▼ -0.1 percentage points vs 02-2025
04-2025: 3.8%▲ +0.1 percentage points vs 03-2025
05-2025: 3.8%● unchanged vs 04-2025
06-2025: 3.8%● unchanged vs 05-2025
07-2025: 3.7%▼ -0.1 percentage points vs 06-2025
08-2025: 4.0%▲ +0.3 percentage points vs 07-2025
09-2025: 4.2%▲ +0.2 percentage points vs 08-2025
10-2025: 4.8%▲ +0.6 percentage points vs 09-2025highest value
11-2025: 4.8%● unchanged vs 10-2025highest value
12-2025: 4.8%● unchanged vs 11-2025highest value
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.2%▼ -0.6 percentage points vs 01-2026
03-2026: 4.1%▼ -0.1 percentage points vs 02-2026
04-2026: 4.2%▲ +0.1 percentage points vs 03-2026
05-2026: 4.2%● unchanged vs 04-2026
06-2026: 4.0%▼ -0.2 percentage points vs 05-2026
07-2026: 4.0%● unchanged vs 06-2026
08-2026: 2.7%▼ -1.3 percentage points vs 07-2026lowest value
09-2026: 2.7%● unchanged vs 08-2026lowest value
10-2026: 2.7%● unchanged vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
2 of the last 3 accounts late
Negative equity -€9,377
lowers risk
Size: total assets €723,695
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 11% of them on solvency, 9% on liquidity, 33% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as IN.C has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IN.C itself is higher: 2.7% within 12 months. It rests on far more data about IN.C than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for IN.C. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.98 (1.0 in 2024), below 1. Short-term debt is 101.3% and cash 7.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€9,377
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 24-07-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 days early
2024
40 days late
2023
45 days late
2022
267 days late
2021
38 days late
2020
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 65 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was 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 9 September (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- CAMPOS FERNANDES INACIO Nuno Miguel 1,000 sharesdeed of 13-11-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0737535144
Incorporation
Founding capital of €10,000, 1,000 shares · Founder: CAMPOS FERNANDES INACIO Nuno Miguel (comparant) · Appointment: CAMPOS FERNANDES INACIO Nuno Miguel (director) · published on 13-11-2019 · Gazette deed
First establishment
Blokellestraat 155A, Zwevegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IN.C Zwevegem | €723,695 | €30,171 | -1.3% | - |
| VB COMPANY Heuvelland | €641,511 | €27,476 | 13.5% | - |
| DESCAMPS BUILDING Wevelgem | €850,057 | €29,216 | -30.8% | - |
| ARES Ghent | €638,263 | €26,387 | 32.6% | - |
| GM WONINGEN Hasselt | €807,860 | €26,173 | -6.0% | - |
| HOME COLORS Liège | €708,057 | €38,330 | 13.7% | - |
| DEBRUYNE GROUP Knokke-Heist | €653,637 | €39,421 | 6.8% | - |
These companies have the same main activity as IN.C: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €638,000 and €850,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 08-11-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.295.809.3618550 Zwevegem, since 08-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Annual accounts 2025
- €723,695▲ 68.3%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on IN.C
IN.C files the micro format. That format states no turnover. The gross margin rose from -€10,366 in 2020 to €30,171 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IN.C
- What is the company number of IN.C?
- The company number of IN.C is 0737.535.144. The VAT number is the same number with BE in front: BE 0737.535.144.
- Where is IN.C based?
- The registered office is at Blokellestraat 155A, 8550 Zwevegem.Company details
- What does IN.C do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of IN.C?
- IN.C is a private limited company (BV).
- When was IN.C founded?
- IN.C was founded on 08-11-2019.
- Is IN.C still active?
- Yes, IN.C is an active enterprise in the KBO register.
- What is the turnover of IN.C?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €30,171 and 163 comparable companies (NACE 41001). It probably lies between €120,000 and €380,000.Financials
- Is IN.C profitable?
- In financial year 2025, IN.C made a loss of €21,326.
- Where can I find the annual accounts of IN.C?
- IN.C filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IN.C due?
- IN.C must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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