InCorDev
ActiveSummary
The computed 12-month bankruptcy probability of InCorDev is 3.9% (moderate). The 2024 annual accounts show negative equity (-€228,588) and a net result of -€255,727. Equity has been shrinking by about 25% per year since 2018. Its solvency ranks better than 7% of 626 sector peers (NACE 72, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 10-02-2011 Normal situation
- Registered office
- 13 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Other research and development on natural sciences NACE 72109
- Establishment unit
- 2.196.312.107 2260 Westerlo, since 10-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Board and ownership
- CORTEN KristoffDirector · since 04-03-2013
- Patricia CasaerDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.9%
- Gross margin
- -€189,535
- Loss
- €255,727
- ▲ 366%
- Equity
- -€228,588
- Total assets
- €311,268
- ▼ 9.2%
- Employees on 31-12-2024
- 1
- =
- Negative equity on 31-12-2024
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 05-06-2025)Loss of €255,727, the second in a row (financial year 2024)lowers riskSector: Scientific research and development (NACE 72)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro). It does better than 6% of them on solvency, 6% on liquidity, 10% on profitability and 0% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 30 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2024 -€228,588 View
- Risk: 4 loss-making years in a rowloss in financial year 2024 -€255,727 View
- Caution: Result fell in 2024from -€54,842 to -€255,727 ▼ 366% View
- Caution: Lower net result than 95% of companies in research and developmentsector median €31,169 · 628 companies -€255,727 View
Recent changes
- · Gazette deed Registered office moved from Wolfsdonk to WesterloNew registered office: Boskant 16, 2260 Westerlo · Previous registered office: Veelsebaan 13, 3201 Wolfsdonk · Appointment: Patricia Casaer (director)
- · Gazette deed Registered office moved from Herselt to WolfsdonkNew registered office: Veelsebaan 13 te 3201 Wolfsdonk · Previous registered office: Provinciebaan 38 bus A te 2230 Herselt
- · Gazette deed Change of role: CORTEN Kristoff, from manager to directorDirector discharge: CORTEN Kristoff
Comparable companies
These companies have the same main activity as InCorDev: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €162,000 and €372,000, founded between 2008 and 2013.
| Company | Total assets | Gross margin |
|---|---|---|
| InCorDev Westerlo | €311,268 | -€189,535 |
| ESSET ENGAGE Meise | €298,046 | -€6,277 |
| CoBioRes Leuven | €338,014 | -€28,361 |
| DEME BLUE ENERGY Beveren-Kruibeke-Zwijndrecht | €162,134 | -€7,698 |
| PARCOURS VBTM Aalst | €315,885 | €1,469 |
| RHEA- natural Resources, Human Environment and Agronomy Chastre | €372,264 | €1,784 |
| Complix Diepenbeek | €207,946 | -€84,739 |
Key facts about InCorDev
- What is the company number of InCorDev?
- The company number of InCorDev is 0833.651.751. The VAT number is the same number with BE in front: BE 0833.651.751.
- Where is InCorDev based?
- The registered office is at Boskant 16, 2260 Westerlo.Company details
- What does InCorDev do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of InCorDev?
- InCorDev is a private limited company (BV).
- When was InCorDev founded?
- InCorDev was founded on 10-02-2011.
- Is InCorDev still active?
- Yes, InCorDev is an active enterprise in the KBO register.
- How many employees does InCorDev have?
- InCorDev had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of InCorDev?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.
- Is InCorDev profitable?
- In financial year 2024, InCorDev made a loss of €255,727.
- Where can I find the annual accounts of InCorDev?
- InCorDev filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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