Incito
ActiveSummary
The annual accounts of Incito for fiscal year 2025 show a net loss of 96% of the equity at the start of that year. The 2025 annual accounts show equity of €7,610 and a net result of -€192,574. Equity is shrinking by ~31.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 1438 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-23
Solvency26▼-21
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.28 against 0.22 in 2024; short-term debt: 99.2% and cash: 0.7% of total assets), and 99.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.7%
Return on assets
-18.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1438 sector peers (2025).
NBB · sector comparisonPosition among 1438 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
22 d late
2023
28 d late
2022
35 d late
2021
25 d late
2020
26 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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, full schema
Turnover
€651,382▼ 7.0%
2024 · €700,475
EBIT margin
-27.8%▼ 6.2pp
2024 · -21.6%
Net result
-€192,574
2024 · €118,140
Working capital
-€732,695▼ 33.8%
2024 · -€547,582
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
favourable
unfavourable
Line20212022202320242025
Turnover€4.9m▼ 24.6%€3.5m▼ 27.7%€1.6m▼ 53.8%€700,475▼ 57.0%€651,382▼ 7.0%
Operating result-€190,976-€79,972▲ 58.1%-€115,656▼ 44.6%-€151,123▼ 30.7%-€181,086▼ 19.8%
Net result-€194,810below the sector's middle half-€101,927below the sector's middle half▲ 47.7%-€299,902below the sector's middle half▼ 194%€118,140within the sector's middle half-€192,574below the sector's middle half
EBIT margin-3.9%▼ 11.7pp-2.3%▲ 1.6pp-7.1%▼ 4.8pp-21.6%▼ 14.5pp-27.8%▼ 6.2pp
Equity€483,873within the sector's middle half▼ 78.8%€381,946within the sector's middle half▼ 21.1%€82,044within the sector's middle half▼ 78.5%€200,184within the sector's middle half▲ 144%€7,610below the sector's middle half▼ 96.2%
Total assets€1.7mabove the sector's middle half▼ 61.3%€1.8mabove the sector's middle half▲ 2.9%€804,433within the sector's middle half▼ 54.8%€909,176within the sector's middle half▲ 13.0%€1.0mwithin the sector's middle half▲ 13.0%
Debt€1.2m▼ 43.0%€1.4m▲ 12.2%€722,389▼ 48.3%€708,992▼ 1.9%€1.0m▲ 43.8%
Working capital-€387,281-€485,633▼ 25.4%-€630,179▼ 29.8%-€547,582▲ 13.1%-€732,695▼ 33.8%
Solvency28.0%within the sector's middle half▼ 23.1pp21.5%within the sector's middle half▼ 6.5pp10.2%below the sector's middle half▼ 11.3pp22.0%within the sector's middle half▲ 11.8pp0.7%below the sector's middle half▼ 21.3pp
Staff (FTE)3.8within the sector's middle half▲ 26.7%3.3within the sector's middle half▼ 13.2%1below the sector's middle half▼ 69.7%3.3within the sector's middle half▲ 230%4within the sector's middle half▲ 21.2%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €181,086 in 2025 against €151,123 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€740,422 ▼ 2.2%
Current assets
€287,085 ▲ 88.5%
Equity and liabilities €1.0m
Equity
€7,610 ▼ 96.2%
Provisions
€118
Debt
€1.0m ▲ 43.8%
Debt's share of the balance-sheet total rises from 78.0% to 99.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€179,801▼
2024 · -€150,903
Cash flow
-€191,289▼
2024 · €118,360
Current ratio
0.28▲
2024 · 0.22
ROA
-18.7%▼
2024 · 13.0%
Interest coverage
-5.06▼
2024 · -5.01
Debt ≤ 1 year
€1.0m▲
2024 · €699,892
Income taxes
€750▲
2024 · €596
Staff costs
€311,748▲
2024 · €290,536
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €7,610).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4.9m | €3.5m | €1.6m | €700,475 | €651,382 | ▼ 7.0% |
| Non-recurring operating income76A | - | €49,299 | €21,389 | €47,870 | €47,615 | ▼ 0.5% |
| Goods, raw materials, services and sundry goods60/61 | €4.9m | €3.5m | €1.7m | €553,311 | €522,425 | ▼ 5.6% |
| Remuneration, social security and pensions62 | €223,340 | €228,082 | €70,738 | €290,536 | €311,748 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,170 | €3,575 | €1,683 | €220 | €1,285 | ▲ 483% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €118 | - |
| Other operating charges640/8 | €2,076 | €2,279 | €114,058 | €3,029 | €1,805 | ▼ 40.4% |
| Non-recurring operating charges66A | - | - | - | €58,627 | €41,958 | ▼ 28.4% |
| Gross operating margin9900 | €45,609 | €153,964 | €70,823 | €201,290 | €175,828 | ▼ 12.6% |
| Operating profit (loss)9901 | -€190,976 | -€79,972 | -€115,656 | -€151,123 | -€181,086 | ▼ 19.8% |
| Financial income75/76B | €1,737 | €64 | €39 | €300,000 | €24,800 | ▼ 91.7% |
| Recurring financial income75 | €1,737 | €64 | €39 | €300,000 | €24,800 | ▼ 91.7% |
| Non-recurring financial income76B | - | - | - | - | €24,800 | - |
| Financial charges65/66B | €4,887 | €22,056 | €183,429 | €30,141 | €35,538 | ▲ 17.9% |
| Recurring financial charges65 | €4,887 | €22,056 | €27,273 | €30,141 | €35,538 | ▲ 17.9% |
| Non-recurring financial charges66B | - | - | €156,156 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€194,127 | -€101,963 | -€299,046 | €118,736 | -€191,824 | ▼ 262% |
| Income taxes67/77 | €683 | -€36 | €856 | €596 | €750 | ▲ 25.8% |
| Profit (loss) for the period9904 | -€194,810 | -€101,927 | -€299,902 | €118,140 | -€192,574 | ▼ 263% |
| Profit (loss) for the period to be appropriated9905 | -€194,810 | -€101,927 | -€299,902 | €118,140 | -€192,574 | ▼ 263% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €804,433 | €909,176 | €1.0m | ▲ 13.0% |
| Fixed assets21/28 | €871,154 | €867,579 | €712,223 | €756,865 | €740,422 | ▼ 2.2% |
| Tangible fixed assets22/27 | €5,397 | €1,823 | €140 | €2,824 | €3,540 | ▲ 25.4% |
| Plant, machinery and equipment23 | €1,811 | €477 | - | €2,824 | €1,856 | ▼ 34.3% |
| Furniture and vehicles24 | €3,587 | €1,346 | €140 | - | €1,684 | - |
| Financial fixed assets28 | €865,756 | €865,756 | €712,083 | €754,041 | €736,882 | ▼ 2.3% |
| Current assets29/58 | €857,493 | €910,767 | €92,211 | €152,311 | €287,085 | ▲ 88.5% |
| Amounts receivable within one year40/41 | €827,849 | €591,286 | €83,762 | €142,485 | €276,507 | ▲ 94.1% |
| Trade receivables40 | €711,481 | €589,666 | €78,361 | €110,834 | €275,427 | ▲ 149% |
| Other amounts receivable41 | €116,368 | €1,620 | €5,401 | €31,650 | €1,080 | ▼ 96.6% |
| Cash at bank and in hand54/58 | €11,903 | €317,107 | €7,510 | €6,418 | €7,352 | ▲ 14.6% |
| Deferred charges and accrued income490/1 | €17,741 | €2,375 | €939 | €3,409 | €3,226 | ▼ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €804,433 | €909,176 | €1.0m | ▲ 13.0% |
| Equity10/15 | €483,873 | €381,946 | €82,044 | €200,184 | €7,610 | ▼ 96.2% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €233,000 | €131,000 | €25,000 | €25,000 | €25,000 | = |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Distributable reserves133 | €208,000 | €106,000 | - | - | - | - |
| Profit (loss) carried forward14 | €873 | €946 | -€192,956 | -€74,816 | -€267,390 | ▼ 257% |
| Provisions and deferred taxes16 | - | - | - | - | €118 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €118 | - |
| Pensions and similar obligations160 | - | - | - | - | €118 | - |
| Amounts payable17/49 | €1.2m | €1.4m | €722,389 | €708,992 | €1.0m | ▲ 43.8% |
| Amounts payable within one year42/48 | €1.2m | €1.4m | €722,389 | €699,892 | €1.0m | ▲ 45.7% |
| Trade debts44 | €1.1m | €767,940 | €123,050 | €388,895 | €132,649 | ▼ 65.9% |
| Suppliers440/4 | €1.1m | €767,940 | €123,050 | €388,895 | €132,649 | ▼ 65.9% |
| Taxes, remuneration and social security45 | €24,769 | €26,414 | €8,845 | €49,567 | €55,356 | ▲ 11.7% |
| Taxes450/3 | €1,120 | €652 | €195 | €791 | €1,346 | ▲ 70.2% |
| Remuneration and social security454/9 | €23,649 | €25,762 | €8,650 | €48,776 | €54,010 | ▲ 10.7% |
| Other amounts payable47/48 | €166,858 | €602,046 | €590,494 | €261,430 | €831,776 | ▲ 218% |
| Accrued charges and deferred income492/3 | - | - | - | €9,100 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€194,810 | -€101,927 | -€299,902 | €118,140 | -€192,574 | ▼ 263% |
| + Depreciation and write-downs630 | €11,170 | €3,575 | €1,683 | €220 | €1,285 | ▲ 483% |
| Operating cash flow (approximation) | -€183,639 | -€98,353 | -€298,219 | €118,360 | -€191,289 | ▼ 262% |
| Investment in fixed assets (approximation) | - | €0 | €153,673 | -€44,863 | €15,158 | ▲ 134% |
| Change in cash | - | €305,204 | -€309,597 | -€1,092 | €935 | ▲ 186% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Back to profitnet €118,140
Net result €118,140 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €200,184 ▲144%
Equity rises from €82,044 to €200,184.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€299,902
Net result drops to -€299,902, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 35 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.7m ▲362%
Operating result €506,281, net result €1.7m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.93
Current ratio from 0.62 to 1.93; short-term debt falls from €2.3m to €1.9m.
31-12
Financial
Equity above €2mEq €2.3m ▲294%
3 profitable years in a row build equity to €2.3m.
Show earlier events
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500,000Eq €578,330 ▲175%
2 profitable years in a row build equity to €578,330.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Kontich · 1 establishment unit since 2013
Ground area
6,651 m²
Building footprint
1,669 m²
Volume, LiDAR
15,907 m³
2 parcels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
79
companies at this address
See who is registered here
1 establishment unit
Incito NV
since 20132.217.852.144
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
| 11024B0130/00E002 | Flanders | 3,317 m² | 1 · 736 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdingsChain of control
- Nuclys
- De Cronos Groep
- HYPERION GROUP
- Incito
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 4
-
100%
-
84%
- edenceHealthsubsidiaryEquity -€546,594Result -€351,75180%
-
80%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2025 annual accounts of Incito 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
No current directors or connected companies found in the register.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 8,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0521951654
Also
9925:BE0521951654
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.