INBELCO
ActiveINBELCO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269k and a net result of €8k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 3126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+16
Solvency67=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.12 in 2024), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
76.9%
Return on assets
2.4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
2 d early
2023
31 d late
2022
39 d early
2021
26 d late
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
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
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k
2024 · €-17k
2020: €-118
2021: €-22k
2022: €-13k
2023: €30k
2024: €-17k
2020 → 2025
Working capital
€-66k▲ 24.0%
2024 · €-87k
2020: €79k
2021: €83k
2022: €-43k
2023: €-62k
2024: €-87k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€382k-€248k▼ 35.1%€278k▲ 12.1%€261k▼ 6.3%€269k▲ 3.3%
Operating result€-22k-€-11k▲ 50.6%€43k€-9k€25k
Net result€-22k-€-13k▲ 38.6%€30k€-17k€8k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€344k▼ 6.2%
Current assets
€6k▼ 45.1%
Equity and liabilities €350k
Equity
€269k▲ 3.3%
Debt
€81k▼ 31.1%
The debt ratio falls from 31.0% to 23.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€54k▲
2024 · €21k
Cash flow
€38k▲
2024 · €12k
Solvency
76.9%▲
2024 · 69.0%
Current ratio
0.09▼
2024 · 0.12
Quick ratio
0.09▼
2024 · 0.12
Debt / equity
0.30▼
2024 · 0.45
ROE
3.2%▲
2024 · -6.7%
ROA
2.4%▲
2024 · -4.6%
Interest coverage
21.36▲
2024 · 7.57
Debt
€81k▼
2024 · €117k
Debt ≤ 1 year
€73k▼
2024 · €99k
Debt > 1 year
€8k▼
2024 · €18k
Income taxes
€14k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€378k€350k▼
Fixed assets
21/28€367k€344k▼
Tangible fixed assets
22/27€367k€344k▼
Current assets
29/58€12k€6k▼
Amounts receivable within one year
40/41€2k€2k=
Cash & bank
54/58€9k€4k▼
Total equity & liabilities
10/49€378k€350k▼
Equity
10/15€261k€269k▲
Contributions / capital
10/11€62k€62k=
Reserves
13€29k€29k=
Accumulated profits (losses)
14€-23k€-14k▲
Amounts payable
17/49€117k€81k▼
Amounts payable after one year
17€18k€8k▼
Amounts payable within one year
42/48€99k€73k▼
Trade debts payable within one year
44€3k€6k▲
Income statement
Code20242025
Gross operating margin
9900€33k€59k▲
Operating result
9901€-9k€25k▲
Financial charges
65€3k€3k▼
Result before taxes
9903€-12k€22k▲
Income taxes
67/77€6k€14k▲
Net result for the period
9904€-17k€8k▲
Result to be appropriated
9905€-17k€8k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Structure & network
Ownership & control
1 partyINBELCOBE 0455.835.662
controls
Where this company holds controlthis company sits on their board1
1 location
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
COMMUNICATIONWISE
BE 0477.999.568
Sint-Martens-Latem · Eq €269k
CASTERA
BE 0800.231.588
Jodoigne · Eq €269k
ZBOD
BE 1016.059.855
Ukkel · Eq €269k
MDM CONSULTANCY
BE 0888.401.026
Antwerpen · Eq €269k
Elipi
BE 0678.556.570
Aartselaar · Eq €269k
Of 82,137 companies in sector 70200 we hold annual accounts for 51,755. 38,305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-08-1995
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 22-07-2026. Scores and ratios are computed by Checked and are not a credit decision.