INCOROCK
InactiveInactive since 17-07-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
34 d early
2023
47 d early
2022
19 d early
2021
2 d late
2020
1 d early
2019
on the day
← 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 23 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?A-ware Dairy Products Belgium Holding · 11 companies How is the Manufacture of food products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€6.3m▲ 20.8%
2024 · €5.2m
EBIT margin
26.3%▲ 9.5pp
2024 · 16.8%
Net result
€1.3m▲ 88.1%
2024 · €669,357
Working capital
€2.7m▲ 80.6%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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€5.8m▲ 14.7%€4.9m▼ 14.7%€4.8m▼ 2.4%€5.2m▲ 9.3%€6.3m▲ 20.8%
Operating result€722,978▲ 13.4%€73,872▼ 89.8%€692,567▲ 838%€878,866▲ 26.9%€1.7m▲ 89.4%
Net result€546,772within the sector's middle half▲ 13.8%€50,573within the sector's middle half▼ 90.8%€518,674within the sector's middle half▲ 926%€669,357within the sector's middle half▲ 29.1%€1.3mabove the sector's middle half▲ 88.1%
EBIT margin12.5%▼ 0.2pp1.5%▼ 11.0pp14.4%▲ 12.9pp16.8%▲ 2.3pp26.3%▲ 9.5pp
Equity€4.1mwithin the sector's middle half▲ 15.4%€4.1mwithin the sector's middle half▲ 1.2%€4.7mwithin the sector's middle half▲ 12.5%€5.3mwithin the sector's middle half▲ 14.4%€6.6mwithin the sector's middle half▲ 23.6%
Total assets€5.4mwithin the sector's middle half▲ 1.4%€5.2mwithin the sector's middle half▼ 4.2%€5.3mwithin the sector's middle half▲ 1.7%€5.9mwithin the sector's middle half▲ 12.2%€7.2mwithin the sector's middle half▲ 22.2%
Debt€1.3m▼ 26.3%€1.1m▼ 20.9%€619,013▼ 41.1%€591,405▼ 4.5%€649,005▲ 9.7%
Working capital€50,411within the sector's middle half€238,556within the sector's middle half▲ 373%€827,904within the sector's middle half▲ 247%€1.5mwithin the sector's middle half▲ 82.7%€2.7mwithin the sector's middle half▲ 80.6%
Solvency75.5%above the sector's middle half▲ 9.2pp79.8%above the sector's middle half▲ 4.3pp88.3%above the sector's middle half▲ 8.5pp90.0%above the sector's middle half▲ 1.7pp91.0%above the sector's middle half▲ 1.0pp
Current ratio1.04within the sector's middle half▲ 0.371.23within the sector's middle half▲ 0.192.34above the sector's middle half▲ 1.113.56above the sector's middle half▲ 1.225.28above the sector's middle half▲ 1.72
Return on assets (ROA)10.1%above the sector's middle half▲ 1.1pp1.0%within the sector's middle half▼ 9.1pp9.8%within the sector's middle half▲ 8.8pp11.3%above the sector's middle half▲ 1.5pp17.4%above the sector's middle half▲ 6.1pp
Staff (FTE)7.9below the sector's middle half▼ 2.5%6.6below the sector's middle half▼ 16.5%4.7below the sector's middle half▼ 28.8%5.3below the sector's middle half▲ 12.8%5.8below the sector's middle half▲ 9.4%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.2m
Fixed assets
€3.9m ▲ 1.3%
Current assets
€3.4m ▲ 60.2%
Equity and liabilities €7.2m
Equity
€6.6m ▲ 23.6%
Debt
€649,005 ▲ 9.7%
Debt's share of the balance-sheet total falls from 10.0% to 9.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.7m▲
2024 · €953,730
Cash flow
€1.3m▲
2024 · €744,221
Quick ratio
4.84▲
2024 · 3.04
Debt to equity
0.10▼
2024 · 0.11
ROE
19.1%▲
2024 · 12.6%
Interest coverage
398.42▼
2024 · 546.33
Debt ≤ 1 year
€637,700▲
2024 · €591,127
Income taxes
€405,437▲
2024 · €213,587
Staff costs
€365,790▲
2024 · €288,757
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.8m | €4.9m | €4.8m | €5.2m | €6.4m | ▲ 21.3% |
| Turnover70 | €5.8m | €4.9m | €4.8m | €5.2m | €6.3m | ▲ 20.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €15,401 | €2,180 | €29,343 | -€23,822 | -€1,045 | ▲ 95.6% |
| Other operating income74 | €25,625 | €19,220 | €11,124 | €14,304 | €16,970 | ▲ 18.6% |
| Operating charges60/66A | €5.1m | €4.9m | €4.1m | €4.4m | €4.7m | ▲ 7.6% |
| Goods for resale, raw materials and consumables60 | €3.4m | €3.5m | €2.9m | €3.1m | €3.3m | ▲ 7.4% |
| Purchases600/8 | €3.3m | €3.5m | €2.9m | €3.1m | €3.3m | ▲ 6.2% |
| Change in stocks: decrease (increase)609 | €93,006 | -€41,257 | €61,003 | -€15,587 | €23,465 | ▲ 251% |
| Services and other goods61 | €1.0m | €819,252 | €848,488 | €875,462 | €930,394 | ▲ 6.3% |
| Remuneration, social security and pensions62 | €417,120 | €373,696 | €269,330 | €288,757 | €365,790 | ▲ 26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208,949 | €172,710 | €99,355 | €74,864 | €41,475 | ▼ 44.6% |
| Other operating charges640/8 | €1,586 | €1,605 | €1,773 | €1,321 | €1,361 | ▲ 3.0% |
| Operating profit (loss)9901 | €722,978 | €73,872 | €692,567 | €878,866 | €1.7m | ▲ 89.4% |
| Financial income75/76B | €4,682 | €3,764 | €6,439 | €5,824 | €4,431 | ▼ 23.9% |
| Recurring financial income75 | €4,682 | €3,764 | €6,439 | €5,824 | €4,431 | ▼ 23.9% |
| Other financial income752/9 | €4,682 | €3,764 | €6,439 | €5,824 | €4,431 | ▼ 23.9% |
| Financial charges65/66B | €9,180 | €10,388 | €10,652 | €1,746 | €4,281 | ▲ 145% |
| Recurring financial charges65 | €9,180 | €10,388 | €10,652 | €1,746 | €4,281 | ▲ 145% |
| Debt charges650 | €6,657 | €8,308 | €8,920 | - | - | - |
| Other financial charges652/9 | €2,523 | €2,080 | €1,732 | €1,746 | €4,281 | ▲ 145% |
| Profit (loss) for the period before taxes9903 | €718,480 | €67,248 | €688,354 | €882,944 | €1.7m | ▲ 88.5% |
| Income taxes67/77 | €171,708 | €16,675 | €169,680 | €213,587 | €405,437 | ▲ 89.8% |
| Taxes670/3 | €171,708 | €16,675 | €169,680 | €213,587 | €405,437 | ▲ 89.8% |
| Profit (loss) for the period9904 | €546,772 | €50,573 | €518,674 | €669,357 | €1.3m | ▲ 88.1% |
| Profit (loss) for the period to be appropriated9905 | €546,772 | €50,573 | €518,674 | €669,357 | €1.3m | ▲ 88.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.2m | €5.3m | €5.9m | €7.2m | ▲ 22.2% |
| Fixed assets21/28 | €4.0m | €3.9m | €3.8m | €3.8m | €3.9m | ▲ 1.3% |
| Tangible fixed assets22/27 | €364,744 | €228,550 | €156,034 | €141,148 | €192,256 | ▲ 36.2% |
| Land and buildings22 | €6,764 | €5,254 | €4,572 | €4,270 | €4,068 | ▼ 4.7% |
| Plant, machinery and equipment23 | €357,980 | €223,296 | €151,462 | €136,878 | €188,187 | ▲ 37.5% |
| Financial fixed assets28 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Affiliated companies280/1 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Participating interests280 | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Current assets29/58 | €1.4m | €1.3m | €1.4m | €2.1m | €3.4m | ▲ 60.2% |
| Stocks and contracts in progress3 | €302,601 | €346,038 | €314,378 | €306,143 | €281,633 | ▼ 8.0% |
| Stocks30/36 | €302,601 | €346,038 | €314,378 | €306,143 | €281,633 | ▼ 8.0% |
| Raw materials and consumables30/31 | €266,313 | €307,570 | €246,567 | €262,154 | €238,689 | ▼ 9.0% |
| Finished goods33 | €36,288 | €38,468 | €67,811 | €43,989 | €42,944 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €849,038 | €715,780 | €545,903 | €531,980 | €660,169 | ▲ 24.1% |
| Trade receivables40 | €546,845 | €427,832 | €499,500 | €503,219 | €610,693 | ▲ 21.4% |
| Other amounts receivable41 | €302,193 | €287,948 | €46,403 | €28,760 | €49,476 | ▲ 72.0% |
| Cash at bank and in hand54/58 | €192,961 | €222,647 | €566,961 | €1.2m | €2.4m | ▲ 94.9% |
| Deferred charges and accrued income490/1 | €34,297 | €3,207 | €19,463 | €19,705 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.2m | €5.3m | €5.9m | €7.2m | ▲ 22.2% |
| Equity10/15 | €4.1m | €4.1m | €4.7m | €5.3m | €6.6m | ▲ 23.6% |
| Contributions10/11 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Capital10 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Issued capital100 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Reserves13 | €3.8m | €3.8m | €4.4m | €5.0m | €6.3m | ▲ 25.0% |
| Non-distributable reserves130/1 | €29,800 | €29,800 | €29,800 | €29,800 | €29,800 | = |
| Legal reserve130 | €29,800 | €29,800 | €29,800 | €29,800 | €29,800 | = |
| Distributable reserves133 | €3.8m | €3.8m | €4.3m | €5.0m | €6.3m | ▲ 25.2% |
| Amounts payable17/49 | €1.3m | €1.1m | €619,013 | €591,405 | €649,005 | ▲ 9.7% |
| Amounts payable within one year42/48 | €1.3m | €1.0m | €618,801 | €591,127 | €637,700 | ▲ 7.9% |
| Financial debts43 | €750,000 | €750,000 | - | - | - | - |
| Credit institutions430/8 | €750,000 | €750,000 | - | - | - | - |
| Trade debts44 | €519,488 | €231,248 | €533,173 | €543,263 | €582,248 | ▲ 7.2% |
| Suppliers440/4 | €519,488 | €231,248 | €533,173 | €543,263 | €582,248 | ▲ 7.2% |
| Taxes, remuneration and social security45 | €58,998 | €67,868 | €85,628 | €47,865 | €55,452 | ▲ 15.9% |
| Taxes450/3 | - | €19,392 | €51,522 | €5,226 | €5,379 | ▲ 2.9% |
| Remuneration and social security454/9 | €58,998 | €48,476 | €34,106 | €42,639 | €50,073 | ▲ 17.4% |
| Accrued charges and deferred income492/3 | €676 | €2,054 | €212 | €278 | €11,305 | ▲ 3,973% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €546,772 | €50,573 | €518,674 | €669,357 | €1.3m | ▲ 88.1% |
| + Depreciation and write-downs630 | €208,949 | €172,710 | €99,355 | €74,864 | €41,475 | ▼ 44.6% |
| Operating cash flow (approximation) | €755,721 | €223,283 | €618,029 | €744,221 | €1.3m | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | -€36,516 | -€26,839 | -€59,978 | -€92,583 | ▼ 54.4% |
| Change in cash | - | €29,686 | €344,314 | €678,552 | €1.2m | ▲ 74.1% |
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
24-07
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Power of attorney14 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Power of attorney14 facts ▸
- General meeting, 29-06-2026
- Merger, verrichting gelijkgesteld met fusie door overneming, algemene vergadering van de Overnemende Vennootschap tot eenzelfde besluit komt
- Dissolution, ontbinding zonder vereffening, ontbinding zonder vereffening
- Power of attorney, Jasper Voorhout
- Power of attorney, Lieven Serrien
- Power of attorney, Andre Lorier
- Power of attorney, Patrick Geeraert
- Power of attorney, Karolien De Backer
- Power of attorney, Amber Claes
- Power of attorney, Ayman Ayada
- Power of attorney, Lucas Claes
- Power of attorney, Annick Garcet
- +2 further facts in this act
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.3m ▲88.1%
Operating result €1.7m, net result €1.3m, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5mEq €5.3m ▲14.4%
7 profitable years in a row build equity to €5.3m.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €50,573 ▼90.8%
Net result drops to €50,573, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem
Ground area
2.5 ha
Building footprint
1.2 ha
Parcel 73043B0216/00G000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0216/00G000 | Flanders | 2.5 ha | 1 · 1.2 ha | - |
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.
Articles of association
Accounting effect
01-01-2026
Other statement
01-07-2026
Structure & network
Part of the group
A-ware Dairy Products Belgium Holding
11 companies
Group, risk and exposure
Owners and holdings
3 owners · 1 holdingChain of control
Highest known parent: A-ware Dairy Products Belgium Holding. The sources do not say who stands above it.
Owners 3
- 92.99%
-
7%
- Sourceown accounts 20250.01%
Holdings 1
-
40%
According to the 2025 annual accounts of INCOROCK 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.
Acquisitions and mergers
1 transactionTaken over by:INCOPACK
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 486 EUR awarded · 486 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 486 EUR | 486 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
894500N9M6S8PHK80F02
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Of 273 companies in sector 10510 we hold annual accounts for 121. 46 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
Founded05-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
10510Manufacture of food products
10890Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443873780
Also
9925:BE0443873780
Registered
31-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.