Financials
- Financial year
- 2025
- Turnover
- €1.1m
- Profit
- €1.9m
- Solvency
- 36.2%
Turnover=
Net result
20182025
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 about 11% per year across the filed financial years. Its solvency ranks better than 29% of 3,009 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
2nd largest company by total assets in Willebroek, Finance and insurance sector1 site
Size
€3.6moperating revenue 2025
- Staff
- 9.8 FTE
- Equity
- €16.4m
- Profit
- €1.9m
Standalone figures, without subsidiaries
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Parent
- Tisseltco Holdco · 92.73%
- Holdings
- 7
- DAESELEIRE Pieter Frans Jozef Paul WalterDirector
- Tom Van GyseghemDirector
- Sara Van der HeydenDirector
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 30 days early
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16.4m
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 days early
2024
5 days late
2023
57 days late
2022
18 days early
2021
26 days early
← before the deadline
after the deadline →
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 (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% 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 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignations: DE QUINNEMAR Nicolas, PEERS Maarten…Kind of shares · Amendment…
- Annual accounts filedfinancial year 2025 · consolidated
- Annual accounts filedfinancial year 2025 · full…
Key points
- Caution: Result fell in 2025from €6.4m to €1.9m ▼ 70.9% View
- Caution: Directors leftlatest change 12-08-2026 · 3 in office 3 left View
- Positive: 2nd largest company by total assets in Willebroek, Finance and insurance sectorin the Checked rankings No. 2 View
- Controlled by Tisseltco Holdcoultimately: STRACO 92.73% View
By topic
Board & ownership
- Board
- 3 members
- Parent
- Tisseltco Holdco · 92.73%
- Auditor
- Ernst et Young Reviseurs…
- DAESELEIRE Pieter Frans Jozef Paul WalterDirector
- Tom Van GyseghemDirector
- Sara Van der HeydenDirector
Network & group
- Group
- STRACO
- Subsidiaries
- 7
- Connected companies
- 33
7 subsidiaries
Timeline
- Events
- 53
- Since
- 2014
- Next accounts
- by 31-07-2027
- 03-06-2026Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
- 05-08-2025Annual accounts filed
- 05-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Activities of holding companiesNACE 64210
- Founded
- 12-12-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 46
- Who signs
- Each director alone
- Annual meeting
- 25 June at 18:00
- Purpose
- “1. Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te…” (deed in Dutch)
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?STRACO PE · 19 companies What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.