IND BREWERIES

Active

Private limited companyfounded 201510 yrs activeArteveldestraat 1, 1000 Brussel, BelgiumKBO/BCE: BE 0641.681.427

The computed 12-month bankruptcy probability of IND BREWERIES is 3.3% (moderate). The 2025 annual accounts show equity of €447k and a net result of €104k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 13044 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

81 / 100

Excellent▼ -8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency81▲+10

Growth78=

Stability100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €35k at 30 days acceptable

Liquidity tight (current ratio 1.39 against 1.31 in 2024), and 50.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

49.6%

Return on assets

11.6%

Age of the figures

8 mo

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €447k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 8 filings

Deviation from the deadline

2025

31 d late

2024

29 d late

2023

61 d late

2022

24 d late

2021

24 d late

2020

48 d late

2019

3 d late

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€282k

EBIT margin

2.0%

Net result

€104k▼ 45.9%

2024 · €193k

2018: €4k 2019: €31k 2020: €-54k 2021: €92k 2022: €22k 2023: €97k 2024: €193k

2018 → 2025

Working capital

€170k▲ 26.0%

2024 · €135k

2018: €-77k 2019: €-97k 2020: €-172k 2021: €-10k 2022: €8k 2023: €67k 2024: €135k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€91k-€112k▲ 23.8%€210k▲ 86.8%€342k▲ 63.4%€447k▲ 30.4%

Operating result€106k-€56k▼ 47.7%€170k▲ 206%€351k▲ 106%€210k▼ 40.1%

Net result€92k-€22k▼ 76.4%€97k▲ 351%€193k▲ 98.0%€104k▼ 45.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 40% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €900k

32.5%

67.5%

Fixed assets €292k▲ 20.4%

Current assets €607k▲ 5.6%

Equity and liabilities €900k

49.6%

50.4%

Equity €447k▲ 30.4%

Debt €453k▼ 4.8%

The debt ratio falls from 58.2% to 50.4%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€277k▼

2024 · €398k

Cash flow

€171k▼

2024 · €240k

Solvency

49.6%▲

2024 · 41.8%

Current ratio

1.39▲

2024 · 1.31

Quick ratio

1.30▲

2024 · 1.19

Debt / equity

1.01▼

2024 · 1.39

ROE

23.3%▼

2024 · 56.3%

ROA

11.6%▼

2024 · 23.6%

Interest coverage

8.43▲

2024 · 7.93

Debt

€453k▼

2024 · €476k

Debt ≤ 1 year

€437k▼

2024 · €440k

Income taxes

€73k▼

2024 · €108k

Staff costs

€1.68M▲

2024 · €1.33M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€818k€900k▲

Fixed assets21/28€243k€292k▲

Intangible fixed assets21€30k€20k▼

Tangible fixed assets22/27€193k€253k▲

Plant, machinery and equipment23€41k€46k▲

Furniture and vehicles24€73k€59k▼

Other tangible fixed assets26€79k€148k▲

Financial fixed assets28€19k€19k=

Current assets29/58€575k€607k▲

Stocks and contracts in progress3€53k€40k▼

Stocks30/36€53k€40k▼

Amounts receivable within one year40/41€19k€162k▲

Trade receivables40€19k€82k▲

Other amounts receivable41-€80k

Cash at bank and in hand54/58€467k€368k▼

Deferred charges and accrued income490/1€36k€37k▲

Equity and liabilities

Total equity and liabilities10/49€818k€900k▲

Equity10/15€342k€447k▲

Contributions10/11€20k€20k=

Reserves13€288k€388k▲

Distributable reserves133€288k€388k▲

Profit (loss) carried forward14€34k€38k▲

Amounts payable17/49€476k€453k▼

Amounts payable after more than one year17€16k-

Financial debts170/4€16k-

Amounts payable within one year42/48€440k€437k▼

Current portion of amounts payable after more than one year42€18k€16k▼

Trade debts44€94k€90k▼

Suppliers440/4€94k€90k▼

Taxes, remuneration and social security45€325k€302k▼

Taxes450/3€190k€119k▼

Remuneration and social security454/9€135k€183k▲

Other amounts payable47/48€3k€29k▲

Accrued charges and deferred income492/3€20k€16k▼

Income statement Code20242025

Non-recurring operating income76A-€9k

Remuneration, social security and pensions62€1.33M€1.68M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€67k▲

Other operating charges640/8€14k€5k▼

Non-recurring operating charges66A€3k€875▼

Gross operating margin9900€1.74M€1.96M▲

Operating profit (loss)9901€351k€210k▼

Financial income75/76B€473€34▼

Recurring financial income75€473€34▼

Financial charges65/66B€50k€33k▼

Recurring financial charges65€50k€33k▼

Profit (loss) for the period before taxes9903€301k€177k▼

Income taxes67/77€108k€73k▼

Profit (loss) for the period9904€193k€104k▼

Profit (loss) for the period to be appropriated9905€193k€104k▼

Appropriation of the result

Profit (loss) to be appropriated9906€214k€138k▼

Profit (loss) brought forward from the previous period14P€21k€34k▲

Transfer to equity691/2€120k€100k▼

To other reserves6921€120k€100k▼

Profit to be distributed694/7€60k-

Return on contributions (dividend)694€60k-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Highest result since 2018net €193k ▲98%

Operating result €351k, net result €193k, both a record.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-12

Financial Equity above €200kEq €210k ▲86.8%

3 profitable years in a row build equity to €210k.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

31-12

Financial Equity above €100kEq €112k ▲23.8%

2 profitable years in a row build equity to €112k.

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

2021

31-12

Financial Back to profitnet €92k

Net result €92k after one loss-making year.

17-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 48 days late

2020

31-12

Financial Weakest financial yearnet €-54k ▼274%

Net result drops to €-54k, the lowest in the series; recovery starts the following year.

03-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 3 days late

2019

17-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 48 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2021 BUKURIJE JUSUFI: Resigned as Director

01-07-2020 ISENI ZEKIRJA: Resigned as Director

30-09-2019 ADILI ARMEND: Resigned as Managing director

01-06-2018 ISENI ZEKIRJA: Resigned as Manager

02-06-2016 ADILI Cani: Resigned as Manager

02-06-2016 SPAHIU Safet: Resigned as Manager

Location & real-estate footprint

Registered office, Brussel · 2 establishment units since 2015

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Arteveldestraat 11000 Brussel