Inconate
ActiveSummary
Inconate has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,621 and a net result of €50,118. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-6
Solvency48=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.14 in 2024; short-term debt: 76.5% and cash: 52.9% of total assets), and 76.6% of the assets are financed with debt.
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Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
23.4%
Return on assets
16.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
65 d early
2024
86 d early
2023
12 d early
2022
16 d early
2021
30 d early
2020
22 d early
2019
1 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 33 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€72,621▲ 20.8%
2024 · €60,127
Total assets
€310,958▲ 17.2%
2024 · €265,415
Net result
€50,118▼ 9.8%
2024 · €55,567
Working capital
€24,894▼ 13.1%
2024 · €28,641
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Operating result€44,015▼ 11.7%€55,129▲ 25.3%€79,980▲ 45.1%€70,383▼ 12.0%€68,030▼ 3.3%
Net result€33,834within the sector's middle half▼ 12.2%€41,660within the sector's middle half▲ 23.1%€64,416above the sector's middle half▲ 54.6%€55,567within the sector's middle half▼ 13.7%€50,118within the sector's middle half▼ 9.8%
Equity€100,084within the sector's middle half▲ 47.5%€140,144within the sector's middle half▲ 40.0%€204,560within the sector's middle half▲ 46.0%€60,127within the sector's middle half▼ 70.6%€72,621within the sector's middle half▲ 20.8%
Total assets€118,026within the sector's middle half▼ 19.4%€161,768within the sector's middle half▲ 37.1%€214,025within the sector's middle half▲ 32.3%€265,415within the sector's middle half▲ 24.0%€310,958within the sector's middle half▲ 17.2%
Debt€17,942▼ 77.1%€21,624▲ 20.5%€9,465▼ 56.2%€205,288▲ 2,069%€238,337▲ 16.1%
Working capital€90,178within the sector's middle half▲ 75.8%€135,670within the sector's middle half▲ 50.4%€163,755above the sector's middle half▲ 20.7%€28,641within the sector's middle half▼ 82.5%€24,894within the sector's middle half▼ 13.1%
Solvency84.8%above the sector's middle half▲ 38.4pp86.6%above the sector's middle half▲ 1.8pp95.6%above the sector's middle half▲ 8.9pp22.7%below the sector's middle half▼ 72.9pp23.4%within the sector's middle half▲ 0.7pp
Current ratio6.06above the sector's middle half▲ 4.407.41above the sector's middle half▲ 1.3519.27above the sector's middle half▲ 11.861.14within the sector's middle half▼ 18.131.10within the sector's middle half▼ 0.04
Return on assets (ROA)28.7%above the sector's middle half▲ 2.3pp25.8%within the sector's middle half▼ 2.9pp30.1%above the sector's middle half▲ 4.3pp20.9%within the sector's middle half▼ 9.2pp16.1%within the sector's middle half▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310,958
Fixed assets
€48,254 ▲ 50.8%
Current assets
€262,703 ▲ 12.5%
Equity and liabilities €310,958
Equity
€72,621 ▲ 20.8%
Debt
€238,337 ▲ 16.1%
Debt's share of the balance-sheet total falls from 77.3% to 76.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,031▼
2024 · €79,688
Cash flow
€60,119▼
2024 · €64,872
Debt to equity
3.28▼
2024 · 3.41
ROE
69.0%▼
2024 · 92.4%
Interest coverage
181.05▼
2024 · 692.58
Debt ≤ 1 year
€237,809▲
2024 · €204,774
Income taxes
€20,647▲
2024 · €14,816
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 5,053 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 | €6,542 | €5,083 | €6,002 | €9,306 | €10,001 | ▲ 7.5% |
| Other operating charges640/8 | - | €761 | €671 | €636 | €528 | ▼ 17.0% |
| Gross operating margin9900 | €51,249 | €60,974 | €86,652 | €80,325 | €78,559 | ▼ 2.2% |
| Operating profit (loss)9901 | €44,015 | €55,129 | €79,980 | €70,383 | €68,030 | ▼ 3.3% |
| Financial income75/76B | - | - | - | €115 | €3,166 | ▲ 2,662% |
| Recurring financial income75 | - | - | - | €115 | €3,166 | ▲ 2,662% |
| Financial charges65/66B | - | €60 | €64 | €115 | €431 | ▲ 275% |
| Recurring financial charges65 | €47 | €60 | €64 | €115 | €431 | ▲ 275% |
| Profit (loss) for the period before taxes9903 | €43,968 | €55,070 | €79,915 | €70,382 | €70,766 | ▲ 0.5% |
| Income taxes67/77 | €10,133 | €13,409 | €15,499 | €14,816 | €20,647 | ▲ 39.4% |
| Profit (loss) for the period9904 | €33,834 | €41,660 | €64,416 | €55,567 | €50,118 | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €33,834 | €41,660 | €64,416 | €55,567 | €50,118 | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,026 | €161,768 | €214,025 | €265,415 | €310,958 | ▲ 17.2% |
| Fixed assets21/28 | €10,017 | €4,933 | €41,305 | €31,999 | €48,254 | ▲ 50.8% |
| Tangible fixed assets22/27 | €10,017 | €4,933 | €41,305 | €31,999 | €48,254 | ▲ 50.8% |
| Furniture and vehicles24 | - | €4,933 | €41,305 | €31,999 | €48,254 | ▲ 50.8% |
| Current assets29/58 | €108,009 | €156,835 | €172,720 | €233,416 | €262,703 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €12,161 | €25,686 | €26,967 | €16,148 | €18,424 | ▲ 14.1% |
| Trade receivables40 | - | €25,686 | €26,967 | €14,964 | €18,424 | ▲ 23.1% |
| Other amounts receivable41 | - | - | - | €1,184 | - | - |
| Current investments50/53 | €12,083 | €12,083 | €12,083 | €102,083 | €78,169 | ▼ 23.4% |
| Cash at bank and in hand54/58 | €82,859 | €117,030 | €132,874 | €112,933 | €164,651 | ▲ 45.8% |
| Deferred charges and accrued income490/1 | - | €2,037 | €796 | €2,252 | €1,459 | ▼ 35.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,026 | €161,768 | €214,025 | €265,415 | €310,958 | ▲ 17.2% |
| Equity10/15 | €100,084 | €140,144 | €204,560 | €60,127 | €72,621 | ▲ 20.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €81,484 | €121,544 | €185,960 | €41,527 | €54,021 | ▲ 30.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €3,902 | €3,902 | €3,902 | €3,902 | = |
| Distributable reserves133 | - | €115,782 | €180,198 | €37,625 | €50,118 | ▲ 33.2% |
| Amounts payable17/49 | €17,942 | €21,624 | €9,465 | €205,288 | €238,337 | ▲ 16.1% |
| Amounts payable within one year42/48 | €17,831 | €21,165 | €8,965 | €204,774 | €237,809 | ▲ 16.1% |
| Trade debts44 | €214 | €2,664 | €1,023 | €1,650 | €1,121 | ▼ 32.0% |
| Suppliers440/4 | - | €2,664 | €1,023 | €1,650 | €1,121 | ▼ 32.0% |
| Taxes, remuneration and social security45 | - | €10,425 | €3,794 | €2,538 | €28,057 | ▲ 1,005% |
| Taxes450/3 | - | €10,425 | €3,794 | €2,538 | €28,057 | ▲ 1,005% |
| Other amounts payable47/48 | - | €8,076 | €4,149 | €200,587 | €208,631 | ▲ 4.0% |
| Accrued charges and deferred income492/3 | - | €460 | €499 | €513 | €528 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,834 | €41,660 | €64,416 | €55,567 | €50,118 | ▼ 9.8% |
| + Depreciation and write-downs630 | €6,542 | €5,083 | €6,002 | €9,306 | €10,001 | ▲ 7.5% |
| Operating cash flow (approximation) | €40,377 | €46,744 | €70,418 | €64,872 | €60,119 | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | -€42,373 | €0 | -€26,256 | - |
| Change in cash | - | €34,171 | €15,845 | -€19,942 | €51,719 | ▲ 359% |
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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €64,416 ▲54.6%
Operating result €79,980, net result €64,416, both a record.
30-09
Financial
Liquidity triplescurrent ratio 19.27
Current ratio from 7.41 to 19.27; short-term debt falls from €21,165 to €8,965.
30-09
Financial
Equity above €200,000Eq €204,560 ▲46%
6 profitable years in a row build equity to €204,560.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 6.06
Current ratio from 1.65 to 6.06; short-term debt falls from €78,504 to €17,831.
30-09
Financial
Equity above €100,000Eq €100,084 ▲47.5%
4 profitable years in a row build equity to €100,084.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Weakest financial yearnet €16,578 ▼59.1%
Net result drops to €16,578, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gistel · 1 establishment unit since 2016
Ground area
1,734 m²
Building footprint
204 m²
Volume, LiDAR
1,060 m³
Parcel 35012A0954/00N000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Inconate
since 20162.255.411.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35012A0954/00N000 | Flanders | 1,734 m² | 1 · 204 m² | 10.3 m · 1 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,826 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
Founded11-05-2016
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653930745
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.