Equity
€870,370 ▲ 0.8%
INCANDESCENCE paid out €144,855 in dividends. That is 96% of the 2025 profit.
INCANDESCENCE
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1990peak €205,304 (2025)
€205,304▲ 12×
lowest -€50,718 (2009)
€151,582▲ 901%
peak €870,370 (2025)
€870,370▲ 0.8%
€161,160▲ 169%
peak 0.8 FTE (2008)
-not published
Board6 names since 2016
1 directorYves RENTMEISTER
Documentsfilings and deeds
17-06-202644 days before the deadline
2025abbreviated format
Gross margin from €17,261 to €205,304Result from €15,141 to €151,582Dividend €144,855Debts from €59,915 to €161,160Cash from €3,703 to €174,971
Key points
from the 2025 annual accountsResult
€151,582 ▲ 901%
The result rose in 2025: different schema filed.
Debts
€161,160 ▲ 169%
Debts rose by €101,245 in 2025.
Liquidity
6.52 was 16.38 in 2024
Short-term debts rose from €56,074 to €157,377.
Board
1 joined · 2 left
Board changed. Latest change 21-01-2026 · 2 in office.
Position in the sector
84.4%
Higher solvency than 90% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
Checked score
95
Excellent
Financially stronger than 60% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 6.52, cash €174,971
Equity €870,370 (84.4% of total assets)
Founded in 1990
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 43, micro). It does better than 90% of them on solvency, 66% on liquidity, 47% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 20,137 companies had the same profile as INCANDESCENCE has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of INCANDESCENCE itself: < 0.1% within 12 months.
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 20,137 companies, not a prediction for INCANDESCENCE. 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
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.52 (16.38 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 17% of total assets. 15.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
72 days early
2023
41 days early
2022
46 days early
2021
34 days early
2020
21 days late
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 17 June (5 of the last 5 accounts filed within 30 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
Recent changes
1 director appointed, 2 resignations
Resignations: Sophie Prégardien (dirigeante de seconde catégorie) and Luc RENTMEISTER (managing director) · Appointment: Bénédicte HERMANS · General meeting of 15-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439530259
Amendment of the articles
General meeting of 10-10-2023 · Gazette deed
1 director appointed, 2 resignations, 2 reappointments
Reappointments: Yves RENTMEISTER and Luc RENTMEISTER · Resignations: Charles HOLLANGE (dirigeant deuxième catégorie en tant que responsable technique) and Paul RAICKMAN (dirigeant deuxième catégorie en tant que responsable technique) · Appointment: Luc RENTMEISTER (chair) · General meeting of 14-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INCANDESCENCE Aywaille | €1.0m | €205,304 | 84.4% | - |
| Pascal TASSET et Fils Herve | €0.9m | €237,646 | 81.2% | - |
| MACOVA Hulshout | €0.9m | €194,570 | 34.7% | - |
| Elektriciteitswerken Berckmoes Zele | €1.0m | €192,741 | 96.9% | - |
| DESTACX Ingelmunster | €1.0m | €206,892 | 89.8% | 1 |
| ELEKTRO VAN DE SANDE Hasselt | €0.9m | €244,978 | 53.2% | 3.1 |
| BILL BOARD Aalst | €1.1m | €226,990 | 26.5% | 0 |
These companies have the same main activity as INCANDESCENCE: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €874,000 and €1.1m, founded between 1984 and 1993.
Official details
Source: KBO- Status
- Active since 20-01-1990Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.046.952.3964920 Aywaille, since 07-02-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2025
Annual accounts 2025
- ≈ €580,000estimated
- €1.0m▲ 11.7%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on INCANDESCENCE
INCANDESCENCE files the abbreviated format. That format states no turnover. The gross margin rose from €43,794 in 2007 to €205,304 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 INCANDESCENCE
- What is the company number of INCANDESCENCE?
- The company number of INCANDESCENCE is 0439.530.259. The VAT number is the same number with BE in front: BE 0439.530.259.
- Where is INCANDESCENCE based?
- The registered office is at Dieupart 36, 4920 Aywaille.Company details
- What does INCANDESCENCE do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of INCANDESCENCE?
- INCANDESCENCE is a public limited company (NV).
- When was INCANDESCENCE founded?
- INCANDESCENCE was founded on 20-01-1990.
- Is INCANDESCENCE still active?
- Yes, INCANDESCENCE is an active enterprise in the KBO register.
- What is the turnover of INCANDESCENCE?
- The turnover in financial year 2025 is ≈ €580,000. This figure is estimated from the gross margin of €205,304 and 57 comparable companies (NACE 43211). It probably lies between €440,000 and €710,000. In financial year 2018 turnover was €0.Financials
- Is INCANDESCENCE profitable?
- In financial year 2025, INCANDESCENCE made a profit of €151,582.
- Where can I find the annual accounts of INCANDESCENCE?
- INCANDESCENCE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INCANDESCENCE due?
- INCANDESCENCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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