INC INSTALLATIONS
InactiveINC INSTALLATIONS was declared bankrupt on 15-09-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 16-02-2026, published in the Belgian State Gazette on 27-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-07-2024, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
on the day
2022
on the day
2021
71 d late
2019
92 d late
2018
167 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 66 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
€96,868▲ 1.7%
2022 · €95,251
Total assets
€127,419▼ 7.6%
2022 · €137,876
Net result
-€4,384
2022 · €20,411
Working capital
€89,737▲ 9.4%
2022 · €82,057
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
Line20182019202120222023
Operating result€35,602-€11,189▼ 68.6%€28,151-€27,602▼ 1.9%-€5,812
Net result€30,530-€5,684▼ 81.4%€18,500-€20,411▲ 10.3%-€4,384
Equity€67,296-€64,980▼ 3.4%€85,046-€95,251▲ 12.0%€96,868▲ 1.7%
Total assets€99,944-€75,400▼ 24.6%€117,320-€137,876▲ 17.5%€127,419▼ 7.6%
Debt€32,648-€10,420▼ 68.1%€32,274-€42,625▲ 32.1%€30,551▼ 28.3%
Working capital€54,000-€57,818▲ 7.1%€76,540-€82,057▲ 7.2%€89,737▲ 9.4%
Staff (FTE)0.5
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €5,812 after €27,602 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €127,419
Fixed assets
€7,131 ▼ 46.0%
Current assets
€120,288 ▼ 3.5%
Equity and liabilities €127,419
Equity
€96,868 ▲ 1.7%
Debt
€30,551 ▼ 28.3%
Debt's share of the balance-sheet total falls from 30.9% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€251▼
2022 · €33,790
Cash flow
€1,679▼
2022 · €26,599
Current ratio
3.94▲
2022 · 2.93
Debt to equity
0.32▼
2022 · 0.45
ROE
-4.5%▼
2022 · 21.4%
ROA
-3.4%▼
2022 · 14.8%
Interest coverage
0.44▼
2022 · 58.16
Debt ≤ 1 year
€30,551▼
2022 · €42,625
Income taxes
€1,628▼
2022 · €7,975
Staff costs
€28,442▲
2022 · €7,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,969 | €28,442 | ▲ 257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,929 | €8,545 | €11,048 | €6,188 | €6,063 | ▼ 2.0% |
| Other operating charges640/8 | - | - | €3,959 | €1,736 | €481 | ▼ 72.3% |
| Gross operating margin9900 | €44,907 | €24,985 | €43,157 | €43,495 | €29,174 | ▼ 32.9% |
| Operating profit (loss)9901 | €35,602 | €11,189 | €28,151 | €27,602 | -€5,812 | ▼ 121% |
| Financial income75/76B | - | - | €751 | €1,365 | €3,625 | ▲ 166% |
| Recurring financial income75 | €130 | €1 | €751 | €1,365 | €3,625 | ▲ 166% |
| Financial charges65/66B | - | - | €441 | €581 | €569 | ▼ 2.1% |
| Recurring financial charges65 | €1,631 | €306 | €441 | €581 | €569 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €34,101 | €10,885 | €28,460 | €28,386 | -€2,756 | ▼ 110% |
| Income taxes67/77 | €3,571 | €5,201 | €9,960 | €7,975 | €1,628 | ▼ 79.6% |
| Profit (loss) for the period9904 | €30,530 | €5,684 | €18,500 | €20,411 | -€4,384 | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | €30,530 | €5,684 | €18,500 | €20,411 | -€4,384 | ▼ 121% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,944 | €75,400 | €117,320 | €137,876 | €127,419 | ▼ 7.6% |
| Fixed assets21/28 | €13,296 | €7,162 | €19,382 | €13,194 | €7,131 | ▼ 46.0% |
| Intangible fixed assets21 | €2,592 | - | - | - | - | - |
| Tangible fixed assets22/27 | €10,704 | €7,162 | €19,382 | €13,194 | €7,131 | ▼ 46.0% |
| Plant, machinery and equipment23 | - | - | €1,617 | €1,274 | €1,055 | ▼ 17.2% |
| Furniture and vehicles24 | - | - | €17,765 | €11,920 | €6,076 | ▼ 49.0% |
| Current assets29/58 | €86,648 | €68,238 | €97,938 | €124,682 | €120,288 | ▼ 3.5% |
| Amounts receivable after more than one year29 | - | - | €66,631 | €66,631 | €70,249 | ▲ 5.4% |
| Other amounts receivable291 | - | - | €66,631 | €66,631 | €70,249 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €67,919 | €58,790 | €29,559 | €58,011 | €49,600 | ▼ 14.5% |
| Trade receivables40 | - | - | €27,791 | €31,788 | €17,633 | ▼ 44.5% |
| Other amounts receivable41 | - | - | €1,768 | €26,223 | €31,967 | ▲ 21.9% |
| Cash at bank and in hand54/58 | €18,729 | €8,500 | €1,748 | €40 | €439 | ▲ 998% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,944 | €75,400 | €117,320 | €137,876 | €127,419 | ▼ 7.6% |
| Equity10/15 | €67,296 | €64,980 | €85,046 | €95,251 | €96,868 | ▲ 1.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,400 | ▲ 48.4% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €53,036 | €50,720 | €70,786 | €80,991 | €76,608 | ▼ 5.4% |
| Amounts payable17/49 | €32,648 | €10,420 | €32,274 | €42,625 | €30,551 | ▼ 28.3% |
| Amounts payable after more than one year17 | - | - | €10,876 | - | - | - |
| Financial debts170/4 | - | - | €10,876 | - | - | - |
| Amounts payable within one year42/48 | €32,648 | €10,420 | €21,398 | €42,625 | €30,551 | ▼ 28.3% |
| Current portion of amounts payable after more than one year42 | - | - | €3,868 | €10,876 | €4,993 | ▼ 54.1% |
| Financial debts43 | - | - | €0 | €704 | €1,009 | ▲ 43.3% |
| Credit institutions430/8 | - | - | €0 | €704 | €1,009 | ▲ 43.3% |
| Trade debts44 | €6,801 | €8,613 | €1,674 | €114 | €6,616 | ▲ 5,704% |
| Suppliers440/4 | - | - | €1,674 | €114 | €6,616 | ▲ 5,704% |
| Advances received on contracts in progress46 | - | - | €2,420 | €2,420 | €2,420 | = |
| Taxes, remuneration and social security45 | - | - | €13,436 | €18,305 | €15,513 | ▼ 15.3% |
| Taxes450/3 | - | - | €13,436 | €18,305 | €15,434 | ▼ 15.7% |
| Remuneration and social security454/9 | - | - | - | - | €79 | - |
| Other amounts payable47/48 | - | - | - | €10,206 | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,530 | €5,684 | €18,500 | €20,411 | -€4,384 | ▼ 121% |
| + Depreciation and write-downs630 | €7,929 | €8,545 | €11,048 | €6,188 | €6,063 | ▼ 2.0% |
| Operating cash flow (approximation) | €38,459 | €14,228 | €29,548 | €26,599 | €1,679 | ▼ 93.7% |
| Investment in fixed assets (approximation) | - | -€2,411 | - | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€10,229 | - | -€1,708 | €399 | ▲ 123% |
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
2026
27-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 16-02-2026
2025
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-09-2025
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€4,384
Net result drops to -€4,384, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 167 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 6.55
Current ratio from 2.65 to 6.55; short-term debt falls from €32,648 to €10,420.
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
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 110 days late
2014
25-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
15-09-2025 → 16-02-2026 |