Incrocio
ActiveSummary
Incrocio has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €522,545 and a net result of €2,963. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 59% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-8
Solvency66▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 5.13 against 1.11 in 2024; short-term debt: 2% and cash: 10.1% of total assets), but 59.3% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
40.7%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €522,545
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 28-05-2026, 64 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
64 d early
2024
23 d early
2023
on the day
2022
18 d early
2021
34 d early
2020
5 d early
2019
5 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 before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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
In the rankings
#4 company by equity in Meerhout, Real estate sector#5 company by total assets in Meerhout, Real estate sector
Equity
€522,545▲ 0.6%
2024 · €519,581
Total assets
€1.3m▼ 5.9%
2024 · €1.4m
Net result
€2,963▲ 76.9%
2024 · €1,675
Working capital
€103,849▲ 677%
2024 · €13,360
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 68, Real estate 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€18,378▲ 7.0%€21,536▲ 17.2%€17,545▼ 18.5%€11,779▼ 32.9%€23,154▲ 96.6%
Net result€6,852within the sector's middle half▲ 16.4%€6,151within the sector's middle half▼ 10.2%€12,823within the sector's middle half▲ 108%€1,675within the sector's middle half▼ 86.9%€2,963within the sector's middle half▲ 76.9%
Equity€293,931within the sector's middle half▲ 2.4%€300,083within the sector's middle half▲ 2.1%€17,906below the sector's middle half▼ 94.0%€519,581within the sector's middle half▲ 2,802%€522,545above the sector's middle half▲ 0.6%
Total assets€1.0mwithin the sector's middle half▼ 6.8%€1.0mwithin the sector's middle half▲ 1.6%€1.1mwithin the sector's middle half▲ 1.3%€1.4mwithin the sector's middle half▲ 29.5%€1.3mabove the sector's middle half▼ 5.9%
Debt€728,787▼ 10.0%€739,035▲ 1.4%€1.0m▲ 39.9%€843,004▼ 18.5%€760,163▼ 9.8%
Working capital€125,109above the sector's middle half▼ 48.1%€179,669within the sector's middle half▲ 43.6%-€47,353within the sector's middle half€13,360within the sector's middle half€103,849within the sector's middle half▲ 677%
Solvency28.7%within the sector's middle half▲ 2.6pp28.9%within the sector's middle half▲ 0.1pp1.7%below the sector's middle half▼ 27.2pp38.1%within the sector's middle half▲ 36.4pp40.7%within the sector's middle half▲ 2.6pp
Current ratio11.46above the sector's middle half▲ 7.888.48above the sector's middle half▼ 2.990.85within the sector's middle half▼ 7.621.11within the sector's middle half▲ 0.265.13above the sector's middle half▲ 4.01
Return on assets (ROA)0.7%within the sector's middle half▲ 0.1pp0.6%within the sector's middle half▼ 0.1pp1.2%within the sector's middle half▲ 0.6pp0.1%within the sector's middle half▼ 1.1pp0.2%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 6.3%
Current assets
€129,012 ▼ 1.8%
Equity and liabilities €1.3m
Equity
€522,545 ▲ 0.6%
Debt
€760,163 ▼ 9.8%
Debt's share of the balance-sheet total falls from 61.9% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100,680▲
2024 · €67,810
Cash flow
€80,490▲
2024 · €57,706
Debt to equity
1.45▼
2024 · 1.62
ROE
0.6%▲
2024 · 0.3%
Interest coverage
4.99▼
2024 · 6.67
Debt ≤ 1 year
€25,163▼
2024 · €118,004
Debt > 1 year
€715,000=
2024 · €715,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,640 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 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 1,640 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 | €45,543 | €54,622 | €55,155 | €56,031 | €77,526 | ▲ 38.4% |
| Other operating charges640/8 | €5,329 | €6,368 | €6,985 | €7,242 | €9,385 | ▲ 29.6% |
| Gross operating margin9900 | €69,250 | €82,526 | €79,685 | €75,051 | €110,065 | ▲ 46.7% |
| Operating profit (loss)9901 | €18,378 | €21,536 | €17,545 | €11,779 | €23,154 | ▲ 96.6% |
| Financial income75/76B | - | - | - | €58 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €58 | €0 | ▼ 100% |
| Financial charges65/66B | €11,526 | €15,384 | €4,721 | €10,161 | €20,190 | ▲ 98.7% |
| Recurring financial charges65 | €11,526 | €15,384 | €4,721 | €10,161 | €20,190 | ▲ 98.7% |
| Profit (loss) for the period before taxes9903 | €6,852 | €6,151 | €12,823 | €1,675 | €2,963 | ▲ 76.9% |
| Profit (loss) for the period9904 | €6,852 | €6,151 | €12,823 | €1,675 | €2,963 | ▲ 76.9% |
| Profit (loss) for the period to be appropriated9905 | €6,852 | €6,151 | €12,823 | €1,675 | €2,963 | ▲ 76.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.1m | €1.4m | €1.3m | ▼ 5.9% |
| Fixed assets21/28 | €885,652 | €835,414 | €780,259 | €1.2m | €1.2m | ▼ 6.3% |
| Tangible fixed assets22/27 | €885,652 | €835,414 | €780,259 | €1.2m | €1.2m | ▼ 6.3% |
| Land and buildings22 | €879,506 | €826,286 | €773,065 | €1.2m | €1.1m | ▼ 6.2% |
| Plant, machinery and equipment23 | €5,320 | €8,715 | €7,193 | €5,672 | €4,150 | ▼ 26.8% |
| Furniture and vehicles24 | €826 | €413 | €0 | - | - | - |
| Current assets29/58 | €137,065 | €203,704 | €271,895 | €131,363 | €129,012 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €3,928 | €3,834 | €3,834 | €3,834 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,928 | €3,834 | €3,834 | €3,834 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €133,138 | €199,870 | €268,061 | €127,529 | €128,992 | ▲ 1.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €20 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.1m | €1.4m | €1.3m | ▼ 5.9% |
| Equity10/15 | €293,931 | €300,083 | €17,906 | €519,581 | €522,545 | ▲ 0.6% |
| Contributions10/11 | €375,000 | €375,000 | €80,000 | €580,000 | €580,000 | = |
| Capital10 | €375,000 | €375,000 | €80,000 | €580,000 | €580,000 | = |
| Issued capital100 | €375,000 | €375,000 | €80,000 | €580,000 | €580,000 | = |
| Profit (loss) carried forward14 | -€81,069 | -€74,917 | -€62,094 | -€60,419 | -€57,455 | ▲ 4.9% |
| Amounts payable17/49 | €728,787 | €739,035 | €1.0m | €843,004 | €760,163 | ▼ 9.8% |
| Amounts payable after more than one year17 | €715,000 | €715,000 | €715,000 | €715,000 | €715,000 | = |
| Financial debts170/4 | €715,000 | €715,000 | €715,000 | €715,000 | €715,000 | = |
| Amounts payable within one year42/48 | €11,957 | €24,035 | €319,248 | €118,004 | €25,163 | ▼ 78.7% |
| Trade debts44 | €3 | €263 | €198 | €322 | €481 | ▲ 49.4% |
| Suppliers440/4 | €3 | €263 | €198 | €322 | €481 | ▲ 49.4% |
| Taxes, remuneration and social security45 | €3,444 | €4,579 | €1,368 | €0 | - | - |
| Taxes450/3 | €3,444 | €4,579 | €1,368 | €0 | - | - |
| Other amounts payable47/48 | €8,509 | €19,193 | €317,682 | €117,682 | €24,682 | ▼ 79.0% |
| Accrued charges and deferred income492/3 | €1,830 | €0 | - | €10,000 | €20,000 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,852 | €6,151 | €12,823 | €1,675 | €2,963 | ▲ 76.9% |
| + Depreciation and write-downs630 | €45,543 | €54,622 | €55,155 | €56,031 | €77,526 | ▲ 38.4% |
| Operating cash flow (approximation) | €52,395 | €60,773 | €67,978 | €57,706 | €80,490 | ▲ 39.5% |
| Investment in fixed assets (approximation) | - | -€4,383 | €0 | -€506,994 | €0 | ▲ 100% |
| Change in cash | - | €66,732 | €68,191 | -€140,532 | €1,463 | ▲ 101% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 5.13
Current ratio from 1.11 to 5.13; short-term debt falls from €118,004 to €25,163.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €519,581 ▲2,802%
5 profitable years in a row build equity to €519,581.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €12,823 ▲108%
Net result €12,823, the highest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 11.46
Current ratio from 3.58 to 11.46; short-term debt falls from €93,312 to €11,957.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,889
Net result €5,889 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Meerhout · 1 establishment unit since 2019
Ground area
3,067 m²
Building footprint
243 m²
Volume, LiDAR
1,507 m³
Parcel 13021B1077/00P002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Incrocio
since 20192.284.986.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021B1077/00P002 | Flanders | 3,067 m² | 1 · 243 m² | 11.3 m · 2 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.
Similar companies · same sector, comparable size
VAN EENOO - DE MEYER
BE 0812.680.549
Deinze · Eq €522,295
FIDO
BE 0432.157.764
Liège · Eq €523,006
BALIMMO
BE 0435.859.996
Montigny-le-Tilleul · Eq €522,079
Property & Facility Management Consultant
BE 0524.838.789
Scherpenheuvel-Zichem · Eq €523,083
C&N Invest
BE 0523.879.677
Torhout · Eq €523,250
Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 4,673 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
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43120Site preparation
43230Insulation installation
64210Activities of holding companies
81220Other building cleaning and industrial cleaning
Contact
Phone
000000000Meerhout
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717932731
Registered
27-03-2026
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.