INCORP
ActiveSummary
INCORP has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €53,980. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+5
Solvency27▼-8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
1.7%
Return on assets
44.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17213 sector peers (2025).
NBB · sector comparisonPosition among 17213 sector peers
Solvency
better than 10%
← weakest
strongest →
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 12-05-2026, 80 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
80 d early
2024
61 d late
2023
20 d early
2022
113 d late
2021
95 d late
2020
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€300,528
EBIT margin
34.3%
Net result
€53,980▲ 35.1%
2024 · €39,964
Working capital
-€26,412▼ 1,186%
2024 · -€2,054
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Turnover€300,528
Operating result€56,135▼ 6.6%€80,108▲ 42.7%€103,124▲ 28.7%€55,240▼ 46.4%€72,957▲ 32.1%
Net result€44,171within the sector's middle half▼ 7.5%€59,609above the sector's middle half▲ 35.0%€74,922above the sector's middle half▲ 25.7%€39,964within the sector's middle half▼ 46.7%€53,980within the sector's middle half▲ 35.1%
EBIT margin34.3%
Equity€3,915below the sector's middle half▼ 92.1%€63,524within the sector's middle half▲ 1,523%€79,623within the sector's middle half▲ 25.3%€19,587below the sector's middle half▼ 75.4%€2,000below the sector's middle half▼ 89.8%
Total assets€81,163within the sector's middle half▲ 16.6%€109,743within the sector's middle half▲ 35.2%€205,443within the sector's middle half▲ 87.2%€190,963within the sector's middle half▼ 7.0%€120,911within the sector's middle half▼ 36.7%
Debt€77,248▲ 289%€46,219▼ 40.2%€125,820▲ 172%€171,376▲ 36.2%€118,911▼ 30.6%
Working capital-€18,442below the sector's middle half€39,942within the sector's middle half€44,581within the sector's middle half▲ 11.6%-€2,054below the sector's middle half-€26,412below the sector's middle half▼ 1,186%
Solvency4.8%below the sector's middle half▼ 66.6pp57.9%within the sector's middle half▲ 53.1pp38.8%within the sector's middle half▼ 19.1pp10.3%below the sector's middle half▼ 28.5pp1.7%below the sector's middle half▼ 8.6pp
Current ratio0.76below the sector's middle half▼ 2.741.86within the sector's middle half▲ 1.101.35within the sector's middle half▼ 0.510.99below the sector's middle half▼ 0.370.78below the sector's middle half▼ 0.21
Return on assets (ROA)54.4%above the sector's middle half▼ 14.2pp54.3%above the sector's middle half▼ 0.1pp36.5%above the sector's middle half▼ 17.8pp20.9%within the sector's middle half▼ 15.5pp44.6%above the sector's middle half▲ 23.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120,911
Fixed assets
€28,412 ▲ 31.3%
Current assets
€92,499 ▼ 45.4%
Equity and liabilities €120,911
Equity
€2,000 ▼ 89.8%
Debt
€118,911 ▼ 30.6%
Debt's share of the balance-sheet total rises from 89.7% to 98.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€88,367▲
2024 · €69,622
Cash flow
€69,390▲
2024 · €54,347
Debt to equity
59.46▲
2024 · 8.75
Interest coverage
177.33▲
2024 · 71.15
Debt ≤ 1 year
€118,911▼
2024 · €171,376
Income taxes
€18,479▲
2024 · €14,297
Staff costs
€65,520▼
2024 · €126,628
A ratio outside any meaningful range has been withheld (balance sheet total €120,911, equity €2,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 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
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,151 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €300,528 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €93,200 | - | - | - |
| Remuneration, social security and pensions62 | €42,149 | €68,343 | €88,584 | €126,628 | €65,520 | ▼ 48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86 | €9,641 | €9,624 | €14,382 | €15,410 | ▲ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €21,206 | €0 | ▼ 100% |
| Other operating charges640/8 | €126 | €7,670 | €5,997 | €1,474 | €1,573 | ▲ 6.7% |
| Non-recurring operating charges66A | - | - | - | - | €763 | - |
| Gross operating margin9900 | €98,496 | €165,763 | €207,328 | €218,930 | €156,223 | ▼ 28.6% |
| Operating profit (loss)9901 | €56,135 | €80,108 | €103,124 | €55,240 | €72,957 | ▲ 32.1% |
| Financial charges65/66B | €168 | €1,599 | €2,580 | €979 | €498 | ▼ 49.1% |
| Recurring financial charges65 | €168 | €1,599 | €2,580 | €979 | €498 | ▼ 49.1% |
| Profit (loss) for the period before taxes9903 | €55,967 | €78,509 | €100,544 | €54,261 | €72,459 | ▲ 33.5% |
| Income taxes67/77 | €11,796 | €18,900 | €25,622 | €14,297 | €18,479 | ▲ 29.3% |
| Profit (loss) for the period9904 | €44,171 | €59,609 | €74,922 | €39,964 | €53,980 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €44,171 | €59,609 | €74,922 | €39,964 | €53,980 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,163 | €109,743 | €205,443 | €190,963 | €120,911 | ▼ 36.7% |
| Fixed assets21/28 | €22,357 | €23,582 | €35,042 | €21,641 | €28,412 | ▲ 31.3% |
| Tangible fixed assets22/27 | €22,357 | €23,582 | €35,042 | €21,641 | €25,412 | ▲ 17.4% |
| Furniture and vehicles24 | €22,357 | €23,582 | €35,042 | €21,641 | €25,412 | ▲ 17.4% |
| Financial fixed assets28 | - | - | - | - | €3,000 | - |
| Current assets29/58 | €58,807 | €86,160 | €170,401 | €169,322 | €92,499 | ▼ 45.4% |
| Stocks and contracts in progress3 | €20,940 | €20,940 | €20,940 | - | - | - |
| Stocks30/36 | €20,940 | €20,940 | €20,940 | - | - | - |
| Amounts receivable within one year40/41 | €1,769 | €63,069 | €102,541 | €61,727 | €70,726 | ▲ 14.6% |
| Trade receivables40 | €1,769 | €45,330 | €102,541 | €61,727 | €68,565 | ▲ 11.1% |
| Other amounts receivable41 | - | €17,740 | €0 | - | €2,161 | - |
| Cash at bank and in hand54/58 | €36,098 | €1,671 | €46,098 | €103,706 | €16,619 | ▼ 84.0% |
| Deferred charges and accrued income490/1 | - | €480 | €821 | €3,889 | €5,154 | ▲ 32.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,163 | €109,743 | €205,443 | €190,963 | €120,911 | ▼ 36.7% |
| Equity10/15 | €3,915 | €63,524 | €79,623 | €19,587 | €2,000 | ▼ 89.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €1,915 | €61,524 | €77,623 | €17,587 | €0 | ▼ 100% |
| Amounts payable17/49 | €77,248 | €46,219 | €125,820 | €171,376 | €118,911 | ▼ 30.6% |
| Amounts payable within one year42/48 | €77,248 | €46,219 | €125,820 | €171,376 | €118,911 | ▼ 30.6% |
| Financial debts43 | - | - | - | - | €698 | - |
| Credit institutions430/8 | - | - | - | - | €0 | - |
| Other loans439 | - | - | - | - | €698 | - |
| Trade debts44 | €1,697 | €15,057 | €7,671 | €44,299 | €5,225 | ▼ 88.2% |
| Suppliers440/4 | €1,697 | €15,057 | €7,671 | €44,299 | €5,225 | ▼ 88.2% |
| Taxes, remuneration and social security45 | €63,738 | €31,162 | €112,147 | €72,077 | €68,587 | ▼ 4.8% |
| Taxes450/3 | €52,573 | €23,518 | €95,050 | €51,354 | €50,344 | ▼ 2.0% |
| Remuneration and social security454/9 | €11,165 | €7,644 | €17,097 | €20,723 | €18,243 | ▼ 12.0% |
| Other amounts payable47/48 | €11,813 | - | €6,002 | €55,000 | €44,400 | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,171 | €59,609 | €74,922 | €39,964 | €53,980 | ▲ 35.1% |
| + Depreciation and write-downs630 | €86 | €9,641 | €9,624 | €14,382 | €15,410 | ▲ 7.1% |
| Operating cash flow (approximation) | €44,257 | €69,251 | €84,546 | €54,347 | €69,390 | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | -€10,867 | -€21,083 | -€981 | -€22,181 | ▼ 2,160% |
| Change in cash | - | -€34,427 | €44,426 | €57,608 | -€87,086 | ▼ 251% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €39,964 ▼46.7%
Net result drops to €39,964, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €74,922 ▲25.7%
Operating result €103,124, net result €74,922, both a record.
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.76 to 1.86; short-term debt falls from €77,248 to €46,219.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Beringen · 2 establishment units since 2020
Ground area
1,383 m²
Building footprint
285 m²
Volume, LiDAR
2,300 m³
2 parcels, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
INCORP
since 20202.310.726.773
BIZ OFFICE
since 20262.392.534.890
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382D1546/00C005 | Flanders | 1,070 m² | 1 · 151 m² | 10.8 m · 2 fl. |
| 71004A0150/00G000 | Flanders | 313 m² | 1 · 134 m² | 10.4 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 3,105 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
Founded17-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Website
www.incorp.be
E-mail
info@incorp.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741695949
Also
9925:BE0741695949
Registered
28-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.