INCLUSIE INVEST
ActiveINCLUSIE INVEST has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.13M and a net result of €185k. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-1
Solvency99▼-1
Growth75▼-3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 8.46 in 2024; short-term debt: 6.2% and cash: 0.4% of total assets), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.9%
Return on assets
1.2%
Age of the figures
9 mo
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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
1 d early
2023
13 d early
2022
301 d late
2021
17 d late
2020
28 d early
2019
21 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€623k▼ 5.9%
2024 · €662k
2018: €300k
2019: €352k
2020: €423k
2021: €483k
2022: €543k
2023: €589k
2024: €662k
2018 → 2025
EBIT margin
39.5%▼ 10.7pp
2024 · 50.2%
2018: 46.4%
2019: 38.0%
2020: 30.2%
2021: 33.6%
2022: 30.6%
2023: 42.9%
2024: 50.2%
2018 → 2025
Net result
€185k▼ 38.7%
2024 · €301k
2018: €144k
2019: €61k
2020: €92k
2021: €122k
2022: €101k
2023: €180k
2024: €301k
2018 → 2025
Working capital
€1.86M▼ 52.4%
2024 · €3.91M
2018: €2.42M
2019: €1.54M
2020: €1.31M
2021: €675k
2022: €4.19M
2023: €4.07M
2024: €3.91M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€483k-€543k▲ 12.4%€589k▲ 8.4%€662k▲ 12.5%€623k▼ 5.9%
Equity€11.62M-€11.48M▼ 1.1%€11.39M▼ 0.8%€11.24M▼ 1.4%€11.13M▼ 1.0%
Operating result€162k-€166k▲ 2.3%€252k▲ 51.8%€333k▲ 31.7%€246k▼ 26.0%
Net result€122k-€101k▼ 17.8%€180k▲ 79.1%€301k▲ 67.4%€185k▼ 38.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.06M
Fixed assets
€12.27M▲ 17.0%
Current assets
€2.79M▼ 37.2%
Equity and liabilities €15.06M
Equity
€11.13M▼ 1.0%
Debt
€3.93M▲ 6.4%
The debt ratio rises from 24.7% to 26.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€474k▼
2024 · €557k
Cash flow
€412k▼
2024 · €526k
Solvency
73.9%▼
2024 · 75.3%
Current ratio
3.01▼
2024 · 8.46
Quick ratio
3.01▼
2024 · 8.46
Debt / equity
0.35▲
2024 · 0.33
ROE
1.7%▼
2024 · 2.7%
ROA
1.2%▼
2024 · 2.0%
Interest coverage
8.58▼
2024 · 9.69
Debt
€3.93M▲
2024 · €3.69M
Debt ≤ 1 year
€926k▲
2024 · €525k
Debt > 1 year
€3.00M▼
2024 · €3.17M
Income taxes
€62k▼
2024 · €108k
Staff costs
€-239▲
2024 · €-344
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14.93M€15.06M▲
Fixed assets21/28€10.49M€12.27M▲
Tangible fixed assets22/27€10.49M€12.27M▲
Land and buildings22€10.38M€10.21M▼
Plant, machinery and equipment23€16€0▼
Assets under construction and advance payments27€109k€2.06M▲
Financial fixed assets28€1k€1k▲
Other financial fixed assets284/8€1k€1k▲
Amounts receivable and cash guarantees285/8€1k€1k▲
Current assets29/58€4.44M€2.79M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€51k€3k▼
Trade receivables40€3k€0▼
Other amounts receivable41€48k€3k▼
Current investments50/53€4.00M€2.70M▼
Other investments51/53€4.00M€2.70M▼
Cash at bank and in hand54/58€377k€65k▼
Deferred charges and accrued income490/1€10k€20k▲
Equity and liabilities
Total equity and liabilities10/49€14.93M€15.06M▲
Equity10/15€11.24M€11.13M▼
Contributions10/11€11.05M€10.92M▼
Reserves13€185k€213k▲
Non-distributable reserves130/1€69k€78k▲
Other1319€69k€78k▲
Distributable reserves133€116k€135k▲
Profit (loss) carried forward14€6k€4k▼
Amounts payable17/49€3.69M€3.93M▲
Amounts payable after more than one year17€3.17M€3.00M▼
Financial debts170/4€3.17M€3.00M▼
Credit institutions173€3.17M€3.00M▼
Amounts payable within one year42/48€525k€926k▲
Current portion of amounts payable after more than one year42€163k€166k▲
Trade debts44€23k€551k▲
Suppliers440/4€23k€551k▲
Taxes, remuneration and social security45€141k€91k▼
Taxes450/3€141k€91k▼
Other amounts payable47/48€197k€117k▼
Income statement
Code20242025
Operating income70/76A€683k€623k▼
Turnover70€662k€623k▼
Other operating income74€21k€55▼
Operating charges60/66A€351k€377k▲
Services and other goods61€125k€148k▲
Remuneration, social security and pensions62€-344€-239▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€224k€228k▲
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€333k€246k▼
Financial income75/76B€134k€56k▼
Recurring financial income75€134k€56k▼
Income from current assets751€134k€56k▼
Other financial income752/9€3€8▲
Financial charges65/66B€57k€55k▼
Recurring financial charges65€57k€55k▼
Debt charges650€57k€55k▼
Other financial charges652/9-€10
Profit (loss) for the period before taxes9903€409k€246k▼
Income taxes67/77€108k€62k▼
Taxes670/3€108k€62k▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€301k€185k▼
Profit (loss) for the period to be appropriated9905€301k€185k▼
Appropriation of the result
Profit (loss) to be appropriated9906€302k€191k▼
Profit (loss) brought forward from the previous period14P€581€6k▲
Transfer from equity791/2€21k€0▼
From reserves792€21k€0▼
Transfer to equity691/2€48k€28k▼
To the legal reserve6920€16k€9k▼
To other reserves6921€32k€18k▼
Profit to be distributed694/7€268k€159k▼
Return on contributions (dividend)694€268k€159k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €301k ▲67.4%
Operating result €333k, net result €301k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
27-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 301 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 16.21
Current ratio from 4.05 to 16.21.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €61k ▼57.8%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Hasselt · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maastrichtersteenweg 1103500 HasseltGround area
1,314 m²
Building footprint
323 m²
Volume, LiDAR
1,393 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat 68, 3590 Diepenbeek
since 20112.218.640.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71011I1429/00B000indicative | Flanders | 1,159 m² | 1 · 234 m² | 9.7 m · 2 fl. |
| 71323C0046/00X000 | Flanders | 155 m² | 1 · 89 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveVSO INCLUSIE INVEST
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded01-03-2011
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.