INCANDESCENCE
ActiveSummary
INCANDESCENCE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €864k and a net result of €15k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▲+10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 16.38 against 8.48 in 2023; short-term debt: 6.1% and cash: 0.4% of total assets), and 6.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
93.5%
Return on assets
1.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
41 d early
2022
46 d early
2021
34 d early
2020
21 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€15k▲ 210%
2023 · €5k
2018: €59k
2019: €86k
2020: €60k
2021: €73k
2022: €476k
2023: €5k
2018 → 2024
Working capital
€862k▲ 1.8%
2023 · €847k
2018: €-225k
2019: €-190k
2020: €-96k
2021: €-16k
2022: €842k
2023: €847k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€294k-€367k▲ 24.7%€844k▲ 130%€849k▲ 0.6%€864k▲ 1.8%
Operating result€89k-€123k▲ 37.2%€-4k€896€6k▲ 531%
Net result€60k-€73k▲ 20.9%€476k▲ 555%€5k▼ 99.0%€15k▲ 210%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 531% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €924k
Fixed assets
€5k ▼ 3.2%
Current assets
€919k ▼ 4.4%
Equity and liabilities €924k
Equity
€864k ▲ 1.8%
Debt
€60k ▼ 48.8%
Debt's share of the balance-sheet total falls from 12.1% to 6.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €2k
Cash flow
€15k▲
2023 · €6k
Current ratio
16.38▲
2023 · 8.48
Debt to equity
0.07▼
2023 · 0.14
ROE
1.8%▲
2023 · 0.6%
ROA
1.6%▲
2023 · 0.5%
Interest coverage
1.48▲
2023 · 0.39
Debt ≤ 1 year
€56k▼
2023 · €113k
Debt > 1 year
€4k=
2023 · €4k
Income taxes
€20k▲
2023 · €13k
Staff costs
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€966k€924k▼
Formation expenses20€0€0=
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€164€0▼
Land and buildings22€164€0▼
Furniture and vehicles24€0€0=
Financial fixed assets28€5k€5k=
Current assets29/58€960k€919k▼
Amounts receivable after more than one year29€94k€96k▲
Other amounts receivable291€94k€96k▲
Amounts receivable within one year40/41€817k€817k▼
Trade receivables40€21k€8k▼
Other amounts receivable41€797k€809k▲
Cash at bank and in hand54/58€46k€4k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€966k€924k▼
Equity10/15€849k€864k▲
Contributions10/11€62k€62k=
Reserves13€762k€777k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€759k€774k▲
Profit (loss) carried forward14€25k€25k=
Amounts payable17/49€117k€60k▼
Amounts payable after more than one year17€4k€4k=
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€113k€56k▼
Financial debts43€10k€10k▼
Credit institutions430/8€10k€10k▼
Trade debts44€10k€10k▼
Suppliers440/4€10k€10k▼
Taxes, remuneration and social security45€94k€37k▼
Taxes450/3€94k€37k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€241€240▼
Income statement
Code20232024
Remuneration, social security and pensions62€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€164▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€13k€17k▲
Operating profit (loss)9901€896€6k▲
Financial income75/76B€22k€33k▲
Recurring financial income75€22k€33k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€18k€35k▲
Income taxes67/77€13k€20k▲
Profit (loss) for the period9904€5k€15k▲
Profit (loss) for the period to be appropriated9905€5k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€40k▲
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer to equity691/2€5k€15k▲
To other reserves6921€5k€15k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €5k ▼99%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €476k ▲555%
Net result €476k, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 7.85
Current ratio from 0.82 to 7.85.
31-12
Financial
Equity above €500kEq €844k ▲130%
5 profitable years in a row build equity to €844k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 21 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €234k ▲57.5%
2 profitable years in a row build equity to €234k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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
Registered office, Aywaille · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dieupart 364920 AywailleGround area
294 m²
Building footprint
458 m²
Volume, LiDAR
1,853 m³
Parcel 62009C0033/00H003, Wallonia · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dieupart 36, 4920 Aywaille
since 19902.046.952.396
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009C0033/00H003 | Wallonia | 294 m² | 1 · 457 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MORLITERM
BE 0885.889.320
Veurne · Eq €864,187
DESTACX
BE 0426.554.629
Ingelmunster · Eq €864,848
RB ZELFBOUW
BE 0664.932.327
Arendonk · Eq €862,021
LOOP
BE 0447.252.053
Pepinster · Eq €861,534
TECH-SOLUTIONS
BE 0844.870.295
Antwerpen · Eq €860,012
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,091 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.