Inclusief
ActiveSummary
Inclusief has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,877 and a net result of €75,587. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 46% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+3
Solvency78▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 3.87 against 3.25 in 2024; short-term debt: 14.4% and cash: 9.6% of total assets), and 47.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
52.9%
Return on assets
18.2%
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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
36 d early
2023
on the day
2022
3 d early
2021
30 d late
2020
30 d late
2019
109 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?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 How does this company compare with its sector?Sector benchmark 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.
Financials · fiscal year 2025, micro schema
Equity
€219,877▲ 42.3%
2024 · €154,504
Total assets
€415,545▲ 25.1%
2024 · €332,125
Net result
€75,587▲ 46.6%
2024 · €51,545
Working capital
€171,943▲ 32.6%
2024 · €129,700
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,790▲ 106%€30,597▼ 33.2%€54,994▲ 79.7%€75,063▲ 36.5%€109,401▲ 45.7%
Net result€27,569within the sector's middle half▲ 170%€18,725within the sector's middle half▼ 32.1%€37,590within the sector's middle half▲ 101%€51,545within the sector's middle half▲ 37.1%€75,587within the sector's middle half▲ 46.6%
Equity€97,050within the sector's middle half▲ 19.5%€115,775within the sector's middle half▲ 19.3%€131,722within the sector's middle half▲ 13.8%€154,504within the sector's middle half▲ 17.3%€219,877within the sector's middle half▲ 42.3%
Total assets€300,106within the sector's middle half▼ 6.5%€293,659within the sector's middle half▼ 2.1%€303,962within the sector's middle half▲ 3.5%€332,125within the sector's middle half▲ 9.3%€415,545within the sector's middle half▲ 25.1%
Debt€203,056▼ 15.3%€177,885▼ 12.4%€172,240▼ 3.2%€177,621▲ 3.1%€195,668▲ 10.2%
Working capital€61,654within the sector's middle half▲ 86.8%€87,688within the sector's middle half▲ 42.2%€107,833within the sector's middle half▲ 23.0%€129,700within the sector's middle half▲ 20.3%€171,943above the sector's middle half▲ 32.6%
Solvency32.3%within the sector's middle half▲ 7.0pp39.4%within the sector's middle half▲ 7.1pp43.3%within the sector's middle half▲ 3.9pp46.5%within the sector's middle half▲ 3.2pp52.9%within the sector's middle half▲ 6.4pp
Current ratio2.40within the sector's middle half▲ 0.903.60within the sector's middle half▲ 1.193.47within the sector's middle half▼ 0.133.25within the sector's middle half▼ 0.213.87within the sector's middle half▲ 0.62
Return on assets (ROA)9.2%within the sector's middle half▲ 6.0pp6.4%within the sector's middle half▼ 2.8pp12.4%within the sector's middle half▲ 6.0pp15.5%within the sector's middle half▲ 3.2pp18.2%within the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415,545
Fixed assets
€183,765 ▲ 26.8%
Current assets
€231,780 ▲ 23.8%
Equity and liabilities €415,545
Equity
€219,877 ▲ 42.3%
Debt
€195,668 ▲ 10.2%
Debt's share of the balance-sheet total falls from 53.5% to 47.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€122,589▲
2024 · €87,757
Cash flow
€88,776▲
2024 · €64,238
Debt to equity
0.89▼
2024 · 1.15
ROE
34.4%▲
2024 · 33.4%
Interest coverage
40.41▲
2024 · 29.50
Debt ≤ 1 year
€59,837▲
2024 · €57,535
Debt > 1 year
€135,830▲
2024 · €120,086
Income taxes
€31,241▲
2024 · €20,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,912 | €23,547 | €20,748 | €12,693 | €13,189 | ▲ 3.9% |
| Other operating charges640/8 | €1,701 | €1,501 | €1,752 | €1,574 | €1,963 | ▲ 24.8% |
| Gross operating margin9900 | €76,402 | €55,645 | €77,493 | €89,330 | €124,553 | ▲ 39.4% |
| Operating profit (loss)9901 | €45,790 | €30,597 | €54,994 | €75,063 | €109,401 | ▲ 45.7% |
| Financial income75/76B | €461 | €0 | €1,094 | €186 | €461 | ▲ 148% |
| Recurring financial income75 | €461 | €0 | €1,094 | €186 | €461 | ▲ 148% |
| Financial charges65/66B | €3,776 | €3,425 | €3,255 | €2,975 | €3,034 | ▲ 2.0% |
| Recurring financial charges65 | €3,776 | €3,425 | €3,255 | €2,975 | €3,034 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €42,475 | €27,172 | €52,834 | €72,274 | €106,828 | ▲ 47.8% |
| Income taxes67/77 | €14,906 | €8,447 | €15,243 | €20,729 | €31,241 | ▲ 50.7% |
| Profit (loss) for the period9904 | €27,569 | €18,725 | €37,590 | €51,545 | €75,587 | ▲ 46.6% |
| Profit (loss) for the period to be appropriated9905 | €27,569 | €18,725 | €37,590 | €51,545 | €75,587 | ▲ 46.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,106 | €293,659 | €303,962 | €332,125 | €415,545 | ▲ 25.1% |
| Fixed assets21/28 | €194,554 | €172,214 | €152,407 | €144,890 | €183,765 | ▲ 26.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €194,554 | €172,214 | €152,407 | €144,890 | €183,765 | ▲ 26.8% |
| Land and buildings22 | €170,037 | €159,410 | €148,783 | €138,155 | €127,528 | ▼ 7.7% |
| Plant, machinery and equipment23 | €3,585 | €1,968 | €2,390 | €3,901 | €3,221 | ▼ 17.4% |
| Furniture and vehicles24 | €20,932 | €10,836 | €1,234 | €2,833 | €53,016 | ▲ 1,771% |
| Current assets29/58 | €105,552 | €121,445 | €151,555 | €187,235 | €231,780 | ▲ 23.8% |
| Amounts receivable after more than one year29 | €5,065 | - | - | - | - | - |
| Other amounts receivable291 | €5,065 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13,818 | €18,272 | €21,346 | €31,605 | €17,771 | ▼ 43.8% |
| Trade receivables40 | €5,650 | €16,846 | €18,475 | €20,302 | €14,068 | ▼ 30.7% |
| Other amounts receivable41 | €8,168 | €1,426 | €2,870 | €11,303 | €3,703 | ▼ 67.2% |
| Current investments50/53 | - | €55,000 | €96,900 | €86,987 | €169,798 | ▲ 95.2% |
| Cash at bank and in hand54/58 | €84,065 | €46,089 | €31,185 | €67,055 | €40,051 | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €2,604 | €2,084 | €2,124 | €1,588 | €4,160 | ▲ 162% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,106 | €293,659 | €303,962 | €332,125 | €415,545 | ▲ 25.1% |
| Equity10/15 | €97,050 | €115,775 | €131,722 | €154,504 | €219,877 | ▲ 42.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €90,850 | €109,575 | €125,522 | €154,504 | €219,877 | ▲ 42.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | €81,990 | €100,715 | €118,522 | €147,504 | €212,877 | ▲ 44.3% |
| Amounts payable17/49 | €203,056 | €177,885 | €172,240 | €177,621 | €195,668 | ▲ 10.2% |
| Amounts payable after more than one year17 | €159,158 | €144,128 | €128,518 | €120,086 | €135,830 | ▲ 13.1% |
| Financial debts170/4 | €159,158 | €144,128 | €128,518 | €120,086 | €135,830 | ▲ 13.1% |
| Amounts payable within one year42/48 | €43,898 | €33,757 | €43,722 | €57,535 | €59,837 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €14,938 | €15,031 | €15,449 | €8,432 | €14,256 | ▲ 69.1% |
| Financial debts43 | - | - | - | - | €5,042 | - |
| Credit institutions430/8 | - | - | - | - | €5,042 | - |
| Trade debts44 | €320 | €7,202 | €978 | €15,626 | €11,003 | ▼ 29.6% |
| Suppliers440/4 | €320 | €7,202 | €978 | €15,626 | €11,003 | ▼ 29.6% |
| Taxes, remuneration and social security45 | €17,511 | €10,158 | €6,734 | €13,954 | €19,834 | ▲ 42.1% |
| Taxes450/3 | €17,511 | €10,158 | €6,734 | €13,954 | €19,834 | ▲ 42.1% |
| Other amounts payable47/48 | €11,128 | €1,367 | €20,561 | €19,523 | €9,703 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,569 | €18,725 | €37,590 | €51,545 | €75,587 | ▲ 46.6% |
| + Depreciation and write-downs630 | €28,912 | €23,547 | €20,748 | €12,693 | €13,189 | ▲ 3.9% |
| Operating cash flow (approximation) | €56,481 | €42,272 | €58,338 | €64,238 | €88,776 | ▲ 38.2% |
| Investment in fixed assets (approximation) | - | -€1,207 | -€941 | -€5,176 | -€52,063 | ▼ 906% |
| Change in cash | - | -€37,976 | -€14,904 | €35,870 | -€27,004 | ▼ 175% |
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
09-09
State Gazette act
Board meeting · Registered-office move
Power of attorney
31-08
State Gazette act
General meeting · Director appointment
Registered-office move · Power of attorney
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
06-07
State Gazette act
General meeting · Other statement
Custody of records · Dissolution
2025
31-12
Financial
Highest result since 2018net €75,587 ▲46.6%
Operating result €109,401, net result €75,587, both a record.
31-12
Financial
Equity above €200,000Eq €219,877 ▲42.3%
8 profitable years in a row build equity to €219,877.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €154,504 ▲17.3%
7 profitable years in a row build equity to €154,504.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €115,775 ▲19.3%
5 profitable years in a row build equity to €115,775.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Show earlier events
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €10,214 ▼51.3%
Net result drops to €10,214, the lowest in the series; recovery starts the following year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Equity above €100,000Eq €102,491 ▲25.7%
2 profitable years in a row build equity to €102,491.
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 38 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lede · 1 establishment unit since 2011
Ground area
3,483 m²
Building footprint
478 m²
Volume, LiDAR
2,750 m³
2 parcels, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
inclusief
since 20112.203.398.253
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41032A0202/00A003 | Flanders | 2,810 m² | 1 · 150 m² | 8.3 m · 2 fl. |
| 41034F0886/00K000 | Flanders | 673 m² | 1 · 327 m² | 9.1 m · 3 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.
Similar companies · same sector, comparable size
SK-A
BE 0770.451.006
Houthalen-Helchteren · Eq €220,043
Confidacc
BE 0764.659.116
Lille · Eq €220,153
BUREAU LERMINIAUX MICHAUX
BE 0808.026.529
Gedinne · Eq €220,255
ESSERS & VANBRIEL
BE 0733.903.384
Oudsbergen · Eq €220,261
COFISK
BE 0867.176.238
Brussel · Eq €219,435
Of 12,173 companies in this sector we hold annual accounts for 7,643. 6,302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840086811
Also
9925:BE0840086811
Registered
31-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.