Equity
-€14,665
Debts exceed assets in financial year 2025.
INCEE
Lifetime
9 annual accounts with figures on one time axispeak €257,721 (2017)
€12,157▼ 37.7%
lowest -€22,836 (2023)
€2,376▼ 78.9%
peak €29,399 (2017)
-€14,665▲ €2,376
€72,622▼ 15.6%
peak 5.8 FTE (2018)
-not published
Board3 names since 2016
2 directors and 1 other
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Gross margin from €19,513 to €12,157Result from €11,260 to €2,376Equity from -€17,041 to -€14,665Debts from €86,059 to €72,622
Key points
from the 2025 annual accountsDebts
€72,622 125% of the balance sheet
Suppliers 7%Taxes and wages 2%Other 91%
Position in the sector
-€14,665
Less equity than 93% of companies in fabricated metal products. Sector median €76,471 · 2,517 companies.
2025 accounts filed 19 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,380 companies had the same profile as INCEE has now. Each dot stands for 4 companies, two years later.
94.1%
were still trading
3.3%
stopped another way
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,380 companies, not a prediction for INCEE. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0650848026
Changes of role: (director) and (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · holds all the shares · General meeting of 29-12-2023 · Gazette deed
Registered office moved to Lo
New registered office: Gravestraat 4 te 8647 Lo · Appointment: (manager) · General meeting of 31-01-2020 · Gazette deed
First establishment
Gravestraat 4, Lo-Reninge
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INCEE Lo-Reninge | €57,957 | €12,157 | -25.3% | - |
| CONSTRUCTIONS STRUCTURES METALLIQUES PALLESCHI Wanze | €109,720 | €13,157 | 21.5% | - |
| Mi LoKa Herentals | €67,683 | €23,521 | -98.5% | - |
| BOLLINNE Liège | €83,806 | €22,261 | 39.7% | - |
| VAN DEN EEDE KRISTOF Lier | €73,037 | €20,509 | 30.5% | - |
| COME-TEC Tongeren-Borgloon | €71,688 | €22,638 | 90.1% | - |
| FERIRON Vilvoorde | €48,813 | €28,353 | 82.1% | - |
These companies have the same main activity as INCEE: forging of metal (NACE 25401). They are comparable in size and age: total assets between €48,800 and €110,000, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 29-03-2016Normal situation
- Activity
- Forging of metalNACE 25401and 2 others
- Establishment unit
- 2.297.458.4608647 Lo-Reninge, since 09-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2025
Insights on INCEE
INCEE files the micro format. That format states no turnover. The gross margin fell from €257,721 in 2017 to €12,157 in 2025.
The balance sheet grew most in 2018 through fixed assets.
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 INCEE
- What is the company number of INCEE?
- The company number of INCEE is 0650.848.026. The VAT number is the same number with BE in front: BE 0650.848.026.
- Where is INCEE based?
- The registered office is at Gravestraat 4, 8647 Lo-Reninge.Company details
- What does INCEE do?
- According to the KBO register, the main activity is forging of metal (NACE 25401).
- What is the legal form of INCEE?
- INCEE is a private limited company (BV).
- When was INCEE founded?
- INCEE was founded on 29-03-2016.
- Is INCEE still active?
- Yes, INCEE is an active enterprise in the KBO register.
- How many employees does INCEE have?
- INCEE had an average of 2.1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of INCEE?
- The turnover in financial year 2025 is ≈ €83,000. This figure is estimated from the gross margin of €12,157 and 35 comparable companies (NACE 25). It probably lies between €35,000 and €160,000. It is a rough estimate. In financial year 2021 turnover was €117,951.
- Is INCEE profitable?
- In financial year 2025, INCEE made a profit of €2,376.
- Where can I find the annual accounts of INCEE?
- INCEE filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INCEE due?
- INCEE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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