IN.C
ActiveSummary
The computed 12-month bankruptcy probability of IN.C is 2.5% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+51
Solvency24▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.0 in 2024; short-term debt: 101.3% and cash: 7.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.3%
Return on assets
-2.9%
Age of the figures
9 mo
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 €-9k
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 d early
2024
40 d late
2023
45 d late
2022
267 d late
2021
38 d late
2020
5 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k
2024 · €12k
Total assets
€724k▲ 68.3%
2024 · €430k
Net result
€-21k▲ 39.0%
2024 · €-35k
Working capital
€-16k
2024 · €737
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12k€115k▲ 900%€-20k€-30k▼ 49.3%€6k
Net result€12k€61k▲ 433%€-21k€-35k▼ 70.0%€-21k▲ 39.0%
Equity€6k€67k▲ 999%€47k▼ 30.5%€12k▼ 74.5%€-9k
Total assets€318k▲ 122%€515k▲ 61.9%€475k▼ 7.8%€430k▼ 9.4%€724k▲ 68.3%
Debt€312k▲ 109%€447k▲ 43.4%€428k▼ 4.3%€418k▼ 2.3%€733k▲ 75.4%
Working capital€-3k▲ 64.2%€59k€37k▼ 37.6%€737▼ 98.0%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €30k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €724k
Fixed assets
€7k ▼ 41.2%
Current assets
€717k ▲ 71.2%
Key figures and ratios
EBITDA
€11k▲
2024 · €-30k
Cash flow
€-17k▲
2024 · €-34k
Solvency
-1.3%▼
2024 · 2.8%
Current ratio
0.98▼
2024 · 1.00
Debt to equity
-78.18▼
2024 · 34.98
ROA
-2.9%▲
2024 · -8.1%
Interest coverage
5.42▲
2024 · -156.63
Debt ≤ 1 year
€733k▲
2024 · €418k
Income taxes
€26k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €956 | €3k | €4k | €521 | €5k | ▲ 786% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-54k | - | - | - | - |
| Other operating charges640/8 | - | €7k | €18k | €10k | €19k | ▲ 95.3% |
| Gross operating margin9900 | €12k | €71k | €2k | €-20k | €30k | ▲ 253% |
| Operating profit (loss)9901 | €12k | €115k | €-20k | €-30k | €6k | ▲ 121% |
| Financial income75/76B | - | €156 | €2k | - | - | - |
| Recurring financial income75 | - | €156 | €2k | - | - | - |
| Financial charges65/66B | - | €23k | - | €189 | €2k | ▲ 972% |
| Recurring financial charges65 | - | €23k | - | €189 | €2k | ▲ 972% |
| Profit (loss) for the period before taxes9903 | €12k | €92k | €-18k | €-30k | €4k | ▲ 114% |
| Income taxes67/77 | - | €31k | €3k | €5k | €26k | ▲ 450% |
| Profit (loss) for the period9904 | €12k | €61k | €-21k | €-35k | €-21k | ▲ 39.0% |
| Profit (loss) for the period to be appropriated9905 | €12k | €61k | €-21k | €-35k | €-21k | ▲ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €318k | €515k | €475k | €430k | €724k | ▲ 68.3% |
| Fixed assets21/28 | €9k | €8k | €10k | €11k | €7k | ▼ 41.2% |
| Tangible fixed assets22/27 | €8k | €7k | €9k | €10k | €6k | ▼ 45.2% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 35.1% |
| Furniture and vehicles24 | €8k | €7k | €9k | €8k | €4k | ▼ 47.3% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €309k | €507k | €465k | €419k | €717k | ▲ 71.2% |
| Amounts receivable within one year40/41 | €237k | €359k | €395k | €414k | €666k | ▲ 61.0% |
| Trade receivables40 | €237k | €359k | €395k | €414k | €665k | ▲ 60.8% |
| Other amounts receivable41 | - | - | - | - | €752 | - |
| Cash at bank and in hand54/58 | €72k | €148k | €70k | €5k | €51k | ▲ 893% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €318k | €515k | €475k | €430k | €724k | ▲ 68.3% |
| Equity10/15 | €6k | €67k | €47k | €12k | €-9k | ▼ 178% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Outside capital11 | €10k | €10k | €10k | - | - | - |
| Share premium1100/10 | €10k | €10k | €10k | - | - | - |
| Profit (loss) carried forward14 | €-4k | €57k | €37k | €2k | €-19k | ▼ 1,094% |
| Amounts payable17/49 | €312k | €447k | €428k | €418k | €733k | ▲ 75.4% |
| Amounts payable within one year42/48 | €312k | €447k | €428k | €418k | €733k | ▲ 75.4% |
| Trade debts44 | €260k | €447k | €428k | €271k | €498k | ▲ 83.9% |
| Suppliers440/4 | €260k | €447k | €428k | €271k | €498k | ▲ 83.9% |
| Taxes, remuneration and social security45 | €23k | - | - | €103k | €33k | ▼ 68.2% |
| Taxes450/3 | €23k | - | - | €7k | €33k | ▲ 357% |
| Remuneration and social security454/9 | - | - | - | €96k | - | - |
| Other amounts payable47/48 | €29k | - | - | €44k | €202k | ▲ 362% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €61k | €-21k | €-35k | €-21k | ▲ 39.0% |
| + Depreciation and write-downs630 | €956 | €3k | €4k | €521 | €5k | ▲ 786% |
| Operating cash flow (approximation) | €12k | €64k | €-17k | €-34k | €-17k | ▲ 51.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-6k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €76k | €-78k | €-65k | €46k | ▲ 171% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 45 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 267 days late
2022
31-12
Financial
Highest result since 2020net €61k ▲433%
Operating result €115k, net result €61k, both a record.
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2019
Ground area
6 m²
Parcel 34042B0368/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
IN.C
since 20192.295.809.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042B0368/00S000 | Flanders | 6 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 3,296 EUR awarded · 3,296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,296 EUR | 3,296 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 9,941 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
Founded08-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.