Summary
InCigno 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 €126,382 and a net result of €34,383. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 2460 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
4 d late
2023
23 d early
2022
4 d early
2022
4 d early
2020
84 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€126,382▲ 37.4%
2024 · €91,999
Net result
€34,383▼ 61.3%
2024 · €88,868
Total assets
€574,546▼ 9.1%
2024 · €632,213
Solvency
22.0%▲ 7.4pp
2024 · 14.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222022202320242025
Operating result€86,390-€88,419-€89,689▲ 1.4%€110,882▲ 23.6%€59,616▼ 46.2%
Net result€68,811-€79,220-€55,881▼ 29.5%€88,868▲ 59.0%€34,383▼ 61.3%
Equity€55,530-€59,750-€65,631▲ 9.8%€91,999▲ 40.2%€126,382▲ 37.4%
Total assets€597,609-€575,666-€581,365▲ 1.0%€632,213▲ 8.7%€574,546▼ 9.1%
Debt€542,079-€515,916-€515,734=€540,214▲ 4.7%€448,164▼ 17.0%
Working capital€24,316--€86,299--€64,918▲ 24.8%€449€191,618▲ 42,550%
Solvency9.3%-10.4%-11.3%▲ 0.9pp14.6%▲ 3.3pp22.0%▲ 7.4pp
Staff (FTE)1-1-3.4
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €574,546
Fixed assets
€181,028 ▼ 57.5%
Current assets
€393,518 ▲ 90.9%
Equity and liabilities €574,546
Equity
€126,382 ▲ 37.4%
Debt
€448,164 ▼ 17.0%
Debt's share of the balance-sheet total falls from 85.4% to 78.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
27.2%▼
2024 · 96.6%
ROA
6.0%▼
2024 · 14.1%
Debt ≤ 1 year
€201,900▼
2024 · €205,636
Debt > 1 year
€246,264▼
2024 · €314,578
Income taxes
€15,969▲
2024 · €11,801
Staff costs
€238,602▲
2024 · €158,509
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €67,387 | €45,099 | €62,002 | €158,509 | €238,602 | ▲ 50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,741 | €69,593 | €83,928 | €85,844 | €75,155 | ▼ 12.5% |
| Other operating charges640/8 | €1,257 | €2,723 | €4,372 | €5,049 | €5,907 | ▲ 17.0% |
| Non-recurring operating charges66A | €3,867 | - | - | - | €24,250 | - |
| Gross operating margin9900 | €207,642 | €205,834 | €239,992 | €360,284 | €403,529 | ▲ 12.0% |
| Operating profit (loss)9901 | €86,390 | €88,419 | €89,689 | €110,882 | €59,616 | ▼ 46.2% |
| Financial income75/76B | €55 | €0 | €0 | €211 | €642 | ▲ 203% |
| Recurring financial income75 | €55 | €0 | €0 | €211 | €642 | ▲ 203% |
| Financial charges65/66B | €6,785 | €6,781 | €29,255 | €10,425 | €9,906 | ▼ 5.0% |
| Recurring financial charges65 | €6,785 | €6,781 | €9,255 | €10,425 | €9,906 | ▼ 5.0% |
| Non-recurring financial charges66B | - | - | €20,000 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €79,660 | €81,638 | €60,434 | €100,669 | €50,351 | ▼ 50.0% |
| Income taxes67/77 | €10,850 | €2,418 | €4,553 | €11,801 | €15,969 | ▲ 35.3% |
| Profit (loss) for the period9904 | €68,811 | €79,220 | €55,881 | €88,868 | €34,383 | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €68,811 | €79,220 | €55,881 | €88,868 | €34,383 | ▼ 61.3% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €597,609 | €575,666 | €581,365 | €632,213 | €574,546 | ▼ 9.1% |
| Fixed assets21/28 | €472,301 | €487,440 | €511,972 | €426,128 | €181,028 | ▼ 57.5% |
| Intangible fixed assets21 | €412,321 | €344,344 | €270,059 | €195,773 | €121,487 | ▼ 37.9% |
| Tangible fixed assets22/27 | €2,480 | €85,596 | €184,413 | €172,855 | €2,041 | ▼ 98.8% |
| Land and buildings22 | - | €83,974 | €180,625 | €169,945 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €831 | €192 | €9 | €0 | - | - |
| Furniture and vehicles24 | €1,649 | €1,429 | €3,779 | €2,910 | €2,041 | ▼ 29.9% |
| Financial fixed assets28 | €57,500 | €57,500 | €57,500 | €57,500 | €57,500 | = |
| Current assets29/58 | €125,308 | €88,226 | €69,393 | €206,085 | €393,518 | ▲ 90.9% |
| Amounts receivable after more than one year29 | €100,000 | - | - | - | - | - |
| Other amounts receivable291 | €100,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20,993 | €3,671 | €23,680 | €23,680 | €275,531 | ▲ 1,064% |
| Trade receivables40 | €19,479 | €3,671 | €5,353 | €5,353 | €175,299 | ▲ 3,175% |
| Other amounts receivable41 | €1,515 | - | €18,327 | €18,327 | €100,232 | ▲ 447% |
| Cash at bank and in hand54/58 | €2,595 | €43,564 | €6,158 | €2,793 | €1,568 | ▼ 43.8% |
| Deferred charges and accrued income490/1 | €1,719 | €40,991 | €39,555 | €179,612 | €116,418 | ▼ 35.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €597,609 | €575,666 | €581,365 | €632,213 | €574,546 | ▼ 9.1% |
| Equity10/15 | €55,530 | €59,750 | €65,631 | €91,999 | €126,382 | ▲ 37.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €49,310 | €53,530 | €59,411 | €85,799 | €120,182 | ▲ 40.1% |
| Distributable reserves133 | €49,310 | €53,530 | €59,411 | €85,799 | €120,182 | ▲ 40.1% |
| Profit (loss) carried forward14 | €20 | €20 | €20 | €0 | €0 | - |
| Amounts payable17/49 | €542,079 | €515,916 | €515,734 | €540,214 | €448,164 | ▼ 17.0% |
| Amounts payable after more than one year17 | €441,087 | €341,391 | €381,423 | €314,578 | €246,264 | ▼ 21.7% |
| Financial debts170/4 | €441,087 | €341,391 | €381,423 | €314,578 | €246,264 | ▼ 21.7% |
| Amounts payable within one year42/48 | €100,991 | €174,525 | €134,311 | €205,636 | €201,900 | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | €37,368 | €50,402 | €66,019 | €66,845 | €87,132 | ▲ 30.3% |
| Financial debts43 | - | - | - | €4,193 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €4,193 | €0 | ▼ 100% |
| Trade debts44 | €2,871 | €42,761 | €8,282 | €21,118 | €23,924 | ▲ 13.3% |
| Suppliers440/4 | €2,871 | €42,761 | €8,282 | €21,118 | €23,924 | ▲ 13.3% |
| Taxes, remuneration and social security45 | €20,752 | €41,057 | €46,024 | €69,810 | €88,574 | ▲ 26.9% |
| Taxes450/3 | €10,850 | €27,973 | €37,303 | €49,104 | €36,374 | ▼ 25.9% |
| Remuneration and social security454/9 | €9,902 | €13,084 | €8,721 | €20,706 | €52,200 | ▲ 152% |
| Other amounts payable47/48 | €40,000 | €40,305 | €13,985 | €43,670 | €2,270 | ▼ 94.8% |
| Accrued charges and deferred income492/3 | €0 | - | - | €20,000 | €0 | ▼ 100% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,811 | €79,220 | €55,881 | €88,868 | €34,383 | ▼ 61.3% |
| + Depreciation and write-downs630 | €48,741 | €69,593 | €83,928 | €85,844 | €75,155 | ▼ 12.5% |
| Operating cash flow (approximation) | €117,552 | €148,813 | €139,810 | €174,712 | €109,537 | ▼ 37.3% |
| Investment in fixed assets (approximation) | - | - | -€108,460 | €0 | €169,945 | - |
| Change in cash | - | - | -€37,406 | -€3,365 | -€1,225 | ▲ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €126,382 ▲37.4%
6 profitable years in a row build equity to €126,382.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Highest result since 2020net €88,868 ▲59%
Operating result €110,882, net result €88,868, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
Financial
Liquidity triplescurrent ratio 1.24
Current ratio from 0.45 to 1.24.
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Heist-op-den-Berg · 1 establishment unit since 2019
Ground area
399 m²
Building footprint
211 m²
Volume, LiDAR
1,072 m³
Parcel 12011A0573/00B006, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C & S INSURANCE
since 20192.286.503.695
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12011A0573/00B006 | Flanders | 399 m² | 1 · 211 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 ownersOwners 3
-
50%
-
33.33%
-
33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
9845002BDNE0795C6448
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721853610
Also
9925:BE0721853610
Registered
07-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.