Public limited company · founded 2014 · 11 yrs activeBrielen 2, 2830 Willebroek, BelgiumKBO/BCE: BE 0506.792.732
Summary
INCENDIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16.4m and a net result of €1.9m. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 2444 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
○
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. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
INCENDIN was incorporated on 12 December 2014, with a starting capital of EUR 61,500.12Between 2015 and 2022 the capital was increased 11 times, most recently to EUR 33 million.345Since 2017 the company has been called Incendin.6The registered office was moved to Tisselt in 2017.6The board currently has 3 members; DAESELEIRE Pieter Frans Jozef Paul Walter has served longest, since 2019.5Total assets went from EUR 47 million in 2018 to EUR 45 million in 2025 and headcount from 1 to 9.8 full-time equivalents.7
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€377,930below the sector's middle half-€492,880below the sector's middle half▼ 30.4%-€2.0mbelow the sector's middle half▼ 297%€6.4mabove the sector's middle half€1.9mabove the sector's middle half▼ 70.9%
Equity€34.4mabove the sector's middle half▼ 0.3%€10.0mwithin the sector's middle half▼ 70.8%€8.1mwithin the sector's middle half▼ 19.5%€14.5mwithin the sector's middle half▲ 79.4%€16.4mwithin the sector's middle half▲ 12.9%
Total assets€44.6mabove the sector's middle half▼ 5.5%€47.2mabove the sector's middle half▲ 5.8%€51.9mabove the sector's middle half▲ 10.1%€64.2mabove the sector's middle half▲ 23.6%€45.2mabove the sector's middle half▼ 29.6%
Working capital€1.5mwithin the sector's middle half▼ 68.9%-€24.8mbelow the sector's middle half-€4.4mbelow the sector's middle half▲ 82.1%-€3.4mbelow the sector's middle half▲ 23.5%-€6.3mbelow the sector's middle half▼ 86.8%
Solvency77.2%within the sector's middle half▲ 4.0pp21.3%below the sector's middle half▼ 55.9pp15.6%below the sector's middle half▼ 5.7pp22.6%below the sector's middle half▲ 7.0pp36.2%within the sector's middle half▲ 13.6pp
Current ratio1.34within the sector's middle half▼ 0.950.25below the sector's middle half▼ 1.080.75within the sector's middle half▲ 0.490.88within the sector's middle half▲ 0.130.52within the sector's middle half▼ 0.36
Return on assets (ROA)-0.8%below the sector's middle half▼ 5.7pp-1.0%below the sector's middle half▼ 0.2pp-3.8%below the sector's middle half▼ 2.7pp10.0%above the sector's middle half▲ 13.8pp4.1%within the sector's middle half▼ 5.9pp
Staff (FTE)1below the sector's middle half=1within the sector's middle half=1.4within the sector's middle half▲ 40.0%9.9above the sector's middle half▲ 607%9.8above the sector's middle half▼ 1.0%
abovewithinbelowthe middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2022Equity -71% on 2021.Capital reduction of €24,887,667 (Official Gazette 16-12-2022).
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €446,222 in 2025 against €1.4m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45.2m
84.7%
15.3%
Fixed assets€38.3m ▼ 1.5%
Current assets€6.9m ▼ 72.7%
Equity and liabilities €45.2m
36.2%
63.6%
Equity€16.4m ▲ 12.9%
Provisions€100,000 =
Debt€28.7m ▼ 42.0%
Debt's share of the balance-sheet total falls from 77.3% to 63.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
11.4%▼
2024 · 44.3%
Debt ≤ 1 year
€13.2m▼
2024 · €28.7m
Debt > 1 year
€15.5m▼
2024 · €20.8m
Income taxes
€5,498▲
2024 · €2,277
Staff costs
€1.2m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 74 lines
Balance sheetCode20242025
Assets
Total assets20/58€64.2m€45.2m▼
Formation expenses20-€0
Fixed assets21/28€38.9m€38.3m▼
Intangible fixed assets21€207,844€148,306▼
Tangible fixed assets22/27€202,559€184,238▼
Furniture and vehicles24€202,559€184,238▼
Financial fixed assets28€38.5m€38.0m▼
Affiliated companies280/1€38.3m€31.8m▼
Participating interests280€37.8m€31.8m▼
Amounts receivable281€512,275-
Companies linked by participating interests282/3€162,594€6.1m▲
Participating interests282€162,594€6.1m▲
Current assets29/58€25.3m€6.9m▼
Amounts receivable within one year40/41€23.6m€3.8m▼
Trade receivables40€205,057€38,189▼
Other amounts receivable41€23.4m€3.8m▼
Cash at bank and in hand54/58€1.6m€2.9m▲
Deferred charges and accrued income490/1€70,023€139,391▲
Equity and liabilities
Total equity and liabilities10/49€64.2m€45.2m▼
Equity10/15€14.5m€16.4m▲
Contributions10/11€8.2m€8.2m=
Capital10€8.2m€8.2m=
Issued capital100€8.2m€8.2m=
Reserves13€2.7m€2.7m=
Non-distributable reserves130/1€2.7m€2.7m=
Legal reserve130€2.7m€2.7m=
Profit (loss) carried forward14€3.6m€5.5m▲
Provisions and deferred taxes16€100,000€100,000=
Provisions for liabilities and charges160/5€100,000€100,000=
Other liabilities and charges164/5€100,000€100,000=
Amounts payable17/49€49.6m€28.7m▼
Amounts payable after more than one year17€20.8m€15.5m▼
Financial debts170/4€20.8m€15.5m▼
Credit institutions173€20.8m€15.5m▼
Amounts payable within one year42/48€28.7m€13.2m▼
Current portion of amounts payable after more than one year42€5.3m€5.3m=
Trade debts44€885,484€664,614▼
Suppliers440/4€885,484€664,614▼
Taxes, remuneration and social security45€570,774€484,330▼
Taxes450/3€427,737€305,837▼
Remuneration and social security454/9€143,037€178,493▲
Other amounts payable47/48€21.9m€6.7m▼
Accrued charges and deferred income492/3€118,614€58,788▼
Income statementCode20242025
Operating income70/76A€3.3m€3.6m▲
Turnover70€1.1m€1.1m=
Other operating income74€25,567€74,635▲
Non-recurring operating income76A€2.2m€2.4m▲
Operating charges60/66A€4.7m€4.0m▼
Goods for resale, raw materials and consumables60€90-
Purchases600/8€90-
Services and other goods61€1.6m€1.9m▲
Remuneration, social security and pensions62€1.1m€1.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87,378€139,605▲
Other operating charges640/8€1,684€3,557▲
Non-recurring operating charges66A€1.9m€755,374▼
Operating profit (loss)9901-€1.4m-€446,222▲
Financial income75/76B€9.3m€3.5m▼
Recurring financial income75€9.3m€3.5m▼
Income from financial fixed assets750€9.2m€3.2m▼
Income from current assets751€98,558€208,601▲
Other financial income752/9€9,388€105,392▲
Financial charges65/66B€1.5m€1.2m▼
Recurring financial charges65€1.5m€1.2m▼
Debt charges650€1.5m€1.1m▼
Other financial charges652/9€22,280€113,984▲
Profit (loss) for the period before taxes9903€6.4m€1.9m▼
Income taxes67/77€2,277€5,498▲
Taxes670/3€2,277€5,528▲
Tax adjustments and reversals of tax provisions77-€30
Profit (loss) for the period9904€6.4m€1.9m▼
Profit (loss) for the period to be appropriated9905€6.4m€1.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.6m€5.5m▲
Profit (loss) brought forward from the previous period14P-€2.8m€3.6m▲
Social balance
Average headcount (FTE)90879.99.8▼
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€1.1m
€1.1m
€1.2m
€3.3m
€3.6m
▲ 7.2%
Turnover70
€1.1m
€1.1m
€1.1m
€1.1m
€1.1m
=
Other operating income74
€2,901
€18,771
€4,601
€25,567
€74,635
▲ 192%
Non-recurring operating income76A
-
-
€123,220
€2.2m
€2.4m
▲ 8.6%
Operating charges60/66A
€1.3m
€1.4m
€1.9m
€4.7m
€4.0m
▼ 14.3%
Goods for resale, raw materials and consumables60
-
-
-
€90
-
-
Purchases600/8
-
-
-
€90
-
-
Services and other goods61
€708,911
€624,956
€1.3m
€1.6m
€1.9m
▲ 20.6%
Remuneration, social security and pensions62
€84,086
€136,161
€357,000
€1.1m
€1.2m
▲ 13.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€67,737
€57,833
€59,503
€87,378
€139,605
▲ 59.8%
Other operating charges640/8
€1,387
€1,392
€1,521
€1,684
€3,557
▲ 111%
Non-recurring operating charges66A
€468,201
€604,199
€131,865
€1.9m
€755,374
▼ 61.2%
Operating profit (loss)9901
-€247,422
-€325,769
-€661,271
-€1.4m
-€446,222
▲ 67.1%
Financial income75/76B
€2,743
€7,827
€212,076
€9.3m
€3.5m
▼ 62.4%
Recurring financial income75
€2,743
€7,827
€212,076
€9.3m
€3.5m
▼ 62.4%
Income from financial fixed assets750
-
-
-
€9.2m
€3.2m
▼ 65.3%
Income from current assets751
-
-
€177,380
€98,558
€208,601
▲ 112%
Other financial income752/9
€2,743
€7,827
€34,696
€9,388
€105,392
▲ 1,023%
Financial charges65/66B
€133,079
€174,759
€1.5m
€1.5m
€1.2m
▼ 22.8%
Recurring financial charges65
€133,079
€174,759
€1.5m
€1.5m
€1.2m
▼ 22.8%
Debt charges650
€97,800
€116,136
€1.4m
€1.5m
€1.1m
▼ 29.2%
Other financial charges652/9
€35,279
€58,623
€97,909
€22,280
€113,984
▲ 412%
Profit (loss) for the period before taxes9903
-€377,758
-€492,701
-€1.9m
€6.4m
€1.9m
▼ 70.8%
Income taxes67/77
€172
€180
€31,602
€2,277
€5,498
▲ 141%
Taxes670/3
€172
€180
€31,602
€2,277
€5,528
▲ 143%
Tax adjustments and reversals of tax provisions77
-
-
-
-
€30
-
Profit (loss) for the period9904
-€377,930
-€492,880
-€2.0m
€6.4m
€1.9m
▼ 70.9%
Profit (loss) for the period to be appropriated9905
-€377,930
-€492,880
-€2.0m
€6.4m
€1.9m
▼ 70.9%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€44.6m
€47.2m
€51.9m
€64.2m
€45.2m
▼ 29.6%
Formation expenses20
-
-
-
-
€0
-
Fixed assets21/28
€38.8m
€38.8m
€38.8m
€38.9m
€38.3m
▼ 1.5%
Intangible fixed assets21
€134,334
€132,981
€145,871
€207,844
€148,306
▼ 28.6%
Tangible fixed assets22/27
€6,605
€4,391
€18,118
€202,559
€184,238
▼ 9.0%
Furniture and vehicles24
€6,605
€4,391
€18,118
€202,559
€184,238
▼ 9.0%
Financial fixed assets28
€38.6m
€38.6m
€38.6m
€38.5m
€38.0m
▼ 1.3%
Affiliated companies280/1
€38.6m
€38.6m
€38.6m
€38.3m
€31.8m
▼ 16.9%
Participating interests280
€38.6m
€38.6m
€38.6m
€37.8m
€31.8m
▼ 15.8%
Amounts receivable281
-
-
-
€512,275
-
-
Companies linked by participating interests282/3
€5
€5
€5
€162,594
€6.1m
▲ 3,680%
Participating interests282
€5
€5
€5
€162,594
€6.1m
▲ 3,680%
Current assets29/58
€5.8m
€8.4m
€13.1m
€25.3m
€6.9m
▼ 72.7%
Amounts receivable after more than one year29
€78,000
€78,000
€78,000
-
-
-
Other amounts receivable291
€78,000
€78,000
€78,000
-
-
-
Amounts receivable within one year40/41
€4.4m
€7.4m
€3.7m
€23.6m
€3.8m
▼ 83.8%
Trade receivables40
€12,115
€9,181
€93,909
€205,057
€38,189
▼ 81.4%
Other amounts receivable41
€4.4m
€7.4m
€3.6m
€23.4m
€3.8m
▼ 83.9%
Cash at bank and in hand54/58
€1.3m
€877,219
€9.2m
€1.6m
€2.9m
▲ 86.0%
Deferred charges and accrued income490/1
€20,080
€54,866
€109,371
€70,023
€139,391
▲ 99.1%
Equity and liabilities
Total equity and liabilities10/49
€44.6m
€47.2m
€51.9m
€64.2m
€45.2m
▼ 29.6%
Equity10/15
€34.4m
€10.0m
€8.1m
€14.5m
€16.4m
▲ 12.9%
Contributions10/11
€30.6m
€8.2m
€8.2m
€8.2m
€8.2m
=
Capital10
€30.6m
€8.2m
€8.2m
€8.2m
€8.2m
=
Issued capital100
€30.6m
€8.2m
€8.2m
€8.2m
€8.2m
=
Reserves13
€4.2m
€2.7m
€2.7m
€2.7m
€2.7m
=
Non-distributable reserves130/1
€4.2m
€2.7m
€2.7m
€2.7m
€2.7m
=
Legal reserve130
€2.7m
€2.7m
€2.7m
€2.7m
€2.7m
=
Reserves not available under the articles1311
€1.5m
-
-
-
-
-
Profit (loss) carried forward14
-€377,930
-€870,811
-€2.8m
€3.6m
€5.5m
▲ 52.1%
Provisions and deferred taxes16
-
-
-
€100,000
€100,000
=
Provisions for liabilities and charges160/5
-
-
-
€100,000
€100,000
=
Other liabilities and charges164/5
-
-
-
€100,000
€100,000
=
Amounts payable17/49
€10.2m
€37.1m
€43.8m
€49.6m
€28.7m
▼ 42.0%
Amounts payable after more than one year17
€5.8m
€3.9m
€26.1m
€20.8m
€15.5m
▼ 25.7%
Financial debts170/4
€5.8m
€3.9m
€26.1m
€20.8m
€15.5m
▼ 25.7%
Credit institutions173
€5.8m
€3.9m
€26.1m
€20.8m
€15.5m
▼ 25.7%
Amounts payable within one year42/48
€4.3m
€33.2m
€17.6m
€28.7m
€13.2m
▼ 53.8%
Current portion of amounts payable after more than one year42
€3.2m
€2.7m
€5.3m
€5.3m
€5.3m
=
Trade debts44
€441,134
€230,187
€704,111
€885,484
€664,614
▼ 24.9%
Suppliers440/4
€441,134
€230,187
€704,111
€885,484
€664,614
▼ 24.9%
Taxes, remuneration and social security45
€30,515
€167,505
€25,727
€570,774
€484,330
▼ 15.1%
Taxes450/3
-
€143,872
-
€427,737
€305,837
▼ 28.5%
Remuneration and social security454/9
€30,515
€23,633
€25,727
€143,037
€178,493
▲ 24.8%
Other amounts payable47/48
€718,045
€30.2m
€11.5m
€21.9m
€6.7m
▼ 69.2%
Accrued charges and deferred income492/3
€11,551
€13,148
€139,213
€118,614
€58,788
▼ 50.4%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€377,930
-€492,880
-€2.0m
€6.4m
€1.9m
▼ 70.9%
+ Depreciation and write-downs630
€67,737
€57,833
€59,503
€87,378
€139,605
▲ 59.8%
Operating cash flow (approximation)
-€310,193
-€435,048
-€1.9m
€6.5m
€2.0m
▼ 69.1%
Investment in fixed assets (approximation)
-
-€54,266
-€86,119
-€197,461
€450,530
▲ 328%
Change in cash
-
-€413,196
€8.3m
-€7.6m
€1.4m
▲ 118%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
12-08
State Gazette actResignations: DE QUINNEMAR Nicolas, PEERS Maarten and VAN DEN EYNDEN Erik
Share class · Statutes amendment · Capital21 facts ▸
General meeting, 09-07-2026
Share class, afschaffing onderverdeling in soorten, schrapping iedere verwijzing naar soorten van aandelen zoals blijkt uit nieuwe tekst van statuten
Statutes amendment
Capital, €8.223.048,1
Other statement, statutenstructuur, TITEL III.BESTUUR EN CONTROLE.
Other statement, titel algemene vergaderingen
Other statement, titel boekjaar jaarrekeningen winstverdeling
Other statement, titel ontbinding en vereffening
Director resignation, DE QUINNEMAR Nicolas (director)
Director resignation, PEERS Maarten (director)
Director resignation, VAN DEN EYNDEN Erik (director)
Director discharge, DE QUINNEMAR Nicolas
+9 further facts in this act
01-07
NBB filingAnnual accounts filed
fiscal year 2025 · consolidated
01-07
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
03-06
State Gazette actAppointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Paul Eelen2 facts ▸
Auditor appointment, EY Bedrijfsrevisoren BV
Permanent representative, Paul Eelen (permanent representative)
2025
05-08
NBB filingAnnual accounts filed
fiscal year 2024 · full schema · 5 days late
05-08
NBB filingAnnual accounts filed
fiscal year 2024 · consolidated · 5 days late
2024
31-12
FinancialBack to profitnet €6.4m
Net result €6.4m after 3 loss-making years.
31-12
FinancialEquity above €10mEq €14.5m ▲79.4%
Equity rises from €8.1m to €14.5m.
26-09
NBB filingAnnual accounts filed
fiscal year 2023 · consolidated · 57 days late
26-09
NBB filingAnnual accounts filed
fiscal year 2023 · full schema · 57 days late
2023
31-12
FinancialWeakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series; recovery starts the following year.
27-07
State Gazette actAppointment: Sara Van der Heyden (class B director)
Mandate compensation3 facts ▸
General meeting, 23-06-2023
Director appointment, Sara Van der Heyden (class B director)
Mandate compensation, Sara Van der Heyden
Show earlier events
14-07
NBB filingAnnual accounts filed
fiscal year 2022 · consolidated
13-07
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
17-03
State Gazette actResignation: Hil Foon Wong (class B director)
Appointment: Tom Van Gyseghem (class B director) · Director discharge · Mandate compensation6 facts ▸
General meeting, 03-02-2023
Director resignation, Hil Foon Wong (class B director)
Director discharge, Hil Foon Wong
Director appointment, Tom Van Gyseghem (class B director)
Mandate compensation, Tom Van Gyseghem
Power of attorney, INCENDIN
31-01
State Gazette actAppointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Paul Eelen · Mandate compensation · Power of attorney5 facts ▸
General meeting, 03-11-2022
Auditor appointment, EY Bedrijfsrevisoren BV
Permanent representative, Paul Eelen
Mandate compensation, EY Bedrijfsrevisoren BV
Power of attorney, Paul Eelen
2022
30-12
State Gazette actCapital & shares · Statutes amendment
Approval · Capital · Power of attorney6 facts ▸
General meeting, 23-12-2022
Approval, 21-12-2022
Statutes amendment
Capital, €8.223.048,1
Statutes amendment
Power of attorney, INCENDIN
16-12
State Gazette actCapital & shares · Statutes amendment
Capital decrease · Capital · Power of attorney5 facts ▸
General meeting, 13-12-2022
Capital decrease, €24.887.667
Capital, €8.223.048,1
Power of attorney, Bestuurders van INCENDIN
Power of attorney, Bestuurders van INCENDIN
12-09
State Gazette actResignation: Tom Paemeleire (bestuurder van categorie b)
Power of attorney5 facts ▸
General meeting, 01-07-2022
Director resignation, Tom Paemeleire (bestuurder van categorie b)
Power of attorney, Tom Paemeleire
Power of attorney, Histrio BV
Board meeting, 01-07-2022
05-07
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
05-07
NBB filingAnnual accounts filed
fiscal year 2021 · consolidated
13-04
State Gazette actResignations: MAMPAEY, Erik, PAEMELEIRE, Tom and 2 others
Permanent representative: Vanneste, Piet · Appointments: DE QUINNEMAR, Nicolas, VAN DEN EYNDEN, Erik and 4 others · Approval25 facts ▸
General meeting, 01-04-2022
Approval, 01-04-2022
Share issue, conversion of Leaver-Winstbewijzen to shares, 1386185
Capital increase, €1.490.337,29
Capital, €33.110.715,1
Statutes amendment
Director resignation, MAMPAEY, Erik (director)
Director resignation, PAEMELEIRE, Tom (director)
Director resignation, MEYNAERTS, Herman (director)
Director resignation, Chem ID (director)
Permanent representative, Vanneste, Piet
Director appointment, DE QUINNEMAR, Nicolas (director)
+13 further facts in this act
12-04
State Gazette actCapital & shares · Statutes amendment
Share issue · Capital increase · Capital7 facts ▸
General meeting, 06-08-2021
Share issue, 560000, EUR
Capital increase, €996.800
Capital, €31.620.377,81
Bank account, ING Bank, BE71 3632 2067 7969
Statutes amendment
Preemptive rights lifting, voorafgaande schriftelijke toestemming van de Initiële Aandeelhouders die nog houder van Kapitaalaandelen of Leaver-Winstbewijzen waren, artikel 7:188 WVV
2021
10-09
State Gazette actMiscellaneous
Share issue · Pre-emptive right lifted3 facts ▸
General meeting, 06-08-2021
Share issue, 560000, EUR
Pre-emptive right lifted, prior written consent of the Initial Shareholders still holding capital shares or Leaver-Winstbewijzen, issuance of subscription rights
31-08
State Gazette actCapital & shares · Statutes amendment
Capital increase · Share issue · Capital14 facts ▸
Capital increase, €275.001,1
Share issue, Uitgifte tegen opheffing voorkeurrecht ten gunste van Tom Paemeleire, Kapitaalaandelen
Capital, €30.623.577,81
Share issue, Uitgifte van inschrijvingsrechten (warrants) zonder uitgifteprijs, SOP Inschrijvingsrecht(en) 2018
Power of attorney, INCENDIN
Capital increase
Power of attorney, INCENDIN
Power of attorney, INCENDIN
Share issue, Opheffing voorkeurrecht ten gunste van Tim Beulens; inschrijving op de totaliteit van de 560.000 inschrijvingsrechten, SOP Inschrijvingsrecht(en) 2018
Share issue, Opheffing voorkeurrecht ten gunste van Jan De Leyn; inschrijving op de totaliteit van de 560.000 inschrijvingsrechten, SOP Inschrijvingsrecht(en) 2018
Share issue, Opheffing voorkeurrecht ten gunste van Blink BV; inschrijving op de totaliteit van de 560.000 inschrijvingsrechten, SOP Inschrijvingsrecht(en) 2018
Share issue, Opheffing voorkeurrecht ten gunste van KIM Business Solutions Ltd.; inschrijving op de totaliteit van de 560.000 inschrijvingsrechten, SOP Inschrijvingsrecht(en…
+2 further facts in this act
2020
08-10
State Gazette actCapital & shares
Capital decrease · Reserve creation · Capital4 facts ▸
Board meeting, 28-11-2019
Capital decrease, €1.490.337,29
Reserve creation, Bedrag geboekt op een onbeschikbare reserverekening
Capital, €30.348.576,71
17-07
State Gazette actAppointments: Herman Meynaerts, Chem (D BV and Tom Paemeleire
State Gazette actResignations: Felio BVBA (director and managing director) and Herman Meynaerts (waarnemer)
Permanent representatives: Joris Coppye and Tom Paemeleire · Appointments: Herman Meynaerts, Histrio BVBA and Pieter Daeseleire8 facts ▸
Board meeting, 28-11-2019
Director resignation, Felio BVBA (director and managing director)
Permanent representative, Joris Coppye
Director appointment, Herman Meynaerts (director)
Director appointment, Histrio BVBA (algemeen directeur)
Permanent representative, Tom Paemeleire
Director resignation, Herman Meynaerts (waarnemer)
Director appointment, Pieter Daeseleire (waarnemer)
2019
31-12
FinancialBack to profitnet €975,874
Net result €975,874 after one loss-making year.
06-08
State Gazette actResignation: Guy Mampaey (director)
Appointment: Erik Mampaey (director) · Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) · Permanent representative: Kristof Van Linden6 facts ▸
General meeting, 25-06-2019
Director resignation, Guy Mampaey (director)
Director discharge, Guy Mampaey
Director appointment, Erik Mampaey (director)
Auditor reappointment, KPMG Bedrijfsrevisoren
Permanent representative, Kristof Van Linden
11-01
State Gazette actCapital & shares
Share issue · Capital increase3 facts ▸
General meeting, 03-12-2018
Share issue, 60000, warranten
Capital increase, €72.390
2018
16-03
State Gazette actCapital & shares
Capital increase · Capital · Statutes amendment5 facts ▸
General meeting, 07-02-2018
Capital increase, €11.500.000,9
Capital, €31.838.914
Statutes amendment
Power of attorney, Raad van bestuur van Incendin
02-03
State Gazette actCapital & shares
Capital increase · Statutes amendment · Approval5 facts ▸
General meeting, 07-02-2018
Capital increase, €11.500.000,9
Statutes amendment
Approval, Goedkeuring van het bijzonder verslag opgesteld door de raad van bestuur overeenkomstig artikel 604 WVV
Statutes amendment
30-01
State Gazette actCapital & shares
Capital increase · Share issue · Statutes amendment5 facts ▸
General meeting, 22-09-2016
Capital increase, €500.000,1
Share issue, Kapitaalaandelen, 414422
Statutes amendment
Capital, €20.338.913,1
2017
24-01
State Gazette actRegistered office
Registered-office move · Name change3 facts ▸
General meeting, 22-12-2016
Registered-office move, 2830 Tisselt, Brielen 2
Name change, Incendin
2016
11-10
State Gazette actCapital & shares
Share issue · Capital increase · Statutes amendment6 facts ▸
General meeting, 22-09-2016
Share issue, 500000.10, 414422
Capital increase, €500.000,1
Statutes amendment
Power of attorney, ARTICHEM
Power of attorney, Catherine Gillardin
26-09
State Gazette actCapital & shares · Statutes amendment
Capital increase · Share issue · Capital5 facts ▸
General meeting, 06-09-2016
Capital increase, €1.000.000
Share issue, Kapitaalaandelen, zonder vermelding van nominale waarde, 828811
Statutes amendment
Capital, €19.838.913
05-08
State Gazette actResignation: Vandepitte Matthias (director)
Appointments: Mampaey Guy (director) and KPMG Bedrijfsrevisoren (statutory auditor) · Permanent representative: Kristof Van Linden · Director discharge6 facts ▸
General meeting, 27-06-2016
Director resignation, Vandepitte Matthias (director)
Director appointment, VANDEPITTE, Matthias Franciscus Jan (director)
Director appointment, MAMPAEY, Guy Greta Annie Jozef Maria (director)
2014
16-12
State Gazette actIncorporation
Appointments: MAMPAEY, Guy Greta Annie Jozef Maria (director) and VANDEPITTE, Matthias Franciscus Jan (director) · Founding capital · Capital form5 facts ▸
Incorporation, 12-12-2014
Founding capital, €61.500
Director appointment, MAMPAEY, Guy Greta Annie Jozef Maria (director)
Director appointment, VANDEPITTE, Matthias Franciscus Jan (director)
Capital form, stortingen in geld
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
28 of 28 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
1. Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de…
Full purpose
1. Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt. 2. Administratie, consultancy en managementactiviteiten... 3. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... 4. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... 5. Het toestaan van leningen en kredietopeningen... 6. Het optreden als tussenpersoon in de handel...
Vlaamse Gewest, mag,bij beslissing van het bestuursorgaan,administratieve zetels en exploitatiezetels,bijkantoren en depots in België of het buitenland oprichte…
Bestuursbevoegdheid-dagelijks bestuur, dagelijks bestuur aan één of meer (rechts)personen,al dan niet aandeelhouders
Toelating vergadering, houders van effecten met recht opgeroepen te worden,indien in oproeping vereist,minstens drie werkdagen voor bijeenkomst (certificaten va…
Vertegenwoordiging algemene vergadering, elke aandeelhouder mag zich laten vertegenwoordigen door volmachtdrager,al dan niet aandeelhouder
Stemrecht, verzonden aan vennootschap,uiterlijk één werkdag vóór vergadering op zetel
Algemene vergadering beslist over bestemming op voorstel bestuursorgaan, winstverdeling
Alle machten in artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, algemene vergadering kan te allen tijde beperken bij gewo…
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of INCENDIN and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
20 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 4,742 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded12-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID0208:0506792732
Also9925:BE0506792732
Registered04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.