INDACO CONSTRUCTIE
ActiveSummary
INDACO CONSTRUCTIE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of €623,982. Equity has been growing by about 6.9% per year since 2019. Its solvency ranks better than 76% of 2,790 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-08-2005 Normal situation
- Activity
- General construction of other non-residential buildings NACE 41003and 1 other
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 30-06-2023
- Establishment units
- 2.148.936.317 9700 Oudenaarde, since 20-09-2005
- 2.347.671.402 9700 Oudenaarde, since 02-01-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 17-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts to 30-06-2025
- Gross margin
- €1.9m
- ▲ 15.4%
- Turnover
- ≈ €3.3m
- estimated
- Profit
- €623,982
- ▲ 64.6%
- Equity
- €6.5m
- ▲ 10.6%
- Total assets
- €10.1m
- ▲ 1.8%
- Employees on 30-06-2025
- 10
- ▼ 9.1%
Filed on 30-01-2026, 1 day before the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2005Size: 10.6 FTE, total assets €10.1mProfit of €623,982 (financial year 2025)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 76% of small companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency
89+5
equity 64.0% of total assets
Liquidity
54+3
short-term debt 19.0% · cash 7.8%
Profitability
76+2
return on assets 6.1%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.6%▲ +0.2 percentage points vs 12-2024
02-2025: 0.8%▲ +0.2 percentage points vs 01-2025highest value
03-2025: 0.2%▼ -0.6 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.3%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.6%▲ +0.2 percentage points vs 01-2026
03-2026: 0.1%▼ -0.5 percentage points vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.59 (2.13 in 2024), above the usual 1.5. Short-term debt is 19% and cash 7.8% of total assets. 36% of the assets are financed with debt and provisions.
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 41, small). It does better than 84% of them on solvency, 73% on liquidity, 77% on profitability and 68% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
1 day early
2022
on the day
2021
on the day
2020
2 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end02-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-01-2026 PDF all 18 filings
Turnover
≈ €3.3m
Estimated: probably between €2.2m and €5.5m
Total assets
€10.1m▲ 1.8%
2024 · €10.0m
Net result
€623,982▲ 64.6%
2024 · €379,141
Working capital
€3.1m▲ 21.5%
2024 · €2.5m
In the rankings
#4 company by equity in Oudenaarde, Construction sector#6 company by total assets in Oudenaarde, Construction sector
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 58% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Operating result€0.9m
2025
Net result€0.6m
2025
Total assets€10.1m
2025
Equity€6.5m
2025
Debt€3.7m
2025
Working capital€3.1m
2025
Return on assets (ROA)6.1%
2025
Solvency64.0%
2025
Current ratio2.59
2025
Staff (FTE)10.6
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.2m-€0.2m▲ 5.8%€0.1m▼ 43.5%€0.7m▲ 568%€0.5m▼ 27.3%€0.6m▲ 17.3%€0.9m▲ 58.4%
Net result€0.1m-€0.1mabove the sector's middle half▼ 10.9%€0.04mwithin the sector's middle half▼ 69.7%€0.4mabove the sector's middle half▲ 12×€0.4mabove the sector's middle half▼ 19.2%€0.4mabove the sector's middle half▲ 6.6%€0.6mabove the sector's middle half▲ 64.6%
Equity€4.5m-€4.7mabove the sector's middle half▲ 2.7%€4.7mabove the sector's middle half▲ 0.8%€5.1mabove the sector's middle half▲ 9.4%€5.5mabove the sector's middle half▲ 6.9%€5.9mabove the sector's middle half▲ 6.9%€6.5mabove the sector's middle half▲ 10.6%
Total assets€8.1m-€9.2mabove the sector's middle half▲ 13.7%€8.5mabove the sector's middle half▼ 7.4%€9.3mabove the sector's middle half▲ 9.6%€9.8mabove the sector's middle half▲ 5.1%€10.0mabove the sector's middle half▲ 1.5%€10.1mabove the sector's middle half▲ 1.8%
Debt€3.6m-€4.5m▲ 27.8%€3.8m▼ 15.9%€4.2m▲ 9.9%€4.3m▲ 2.9%€4.1m▼ 5.3%€3.7m▼ 10.8%
Working capital€2.3m-€0.8mabove the sector's middle half▼ 63.3%€0.7mabove the sector's middle half▼ 14.6%€2.5mabove the sector's middle half▲ 241%€2.2mabove the sector's middle half▼ 10.0%€2.5mabove the sector's middle half▲ 13.5%€3.1mabove the sector's middle half▲ 21.5%
Solvency56.1%-50.7%within the sector's middle half▼ 5.4pp55.2%within the sector's middle half▲ 4.5pp55.0%within the sector's middle half▼ 0.1pp56.0%within the sector's middle half▲ 0.9pp59.0%within the sector's middle half▲ 3.0pp64.0%above the sector's middle half▲ 5.1pp
Current ratio2.47-1.38within the sector's middle half▼ 1.091.38within the sector's middle half=2.22within the sector's middle half▲ 0.841.85within the sector's middle half▼ 0.372.13within the sector's middle half▲ 0.282.59within the sector's middle half▲ 0.46
Return on assets (ROA)1.7%-1.3%within the sector's middle half▼ 0.4pp0.4%within the sector's middle half▼ 0.9pp4.7%within the sector's middle half▲ 4.3pp3.6%within the sector's middle half▼ 1.1pp3.8%within the sector's middle half▲ 0.2pp6.1%within the sector's middle half▲ 2.3pp
Staff (FTE)14.3-16.1above the sector's middle half▲ 12.6%16.3above the sector's middle half▲ 1.2%13.8above the sector's middle half▼ 15.3%13.8above the sector's middle half=12.3above the sector's middle half▼ 10.9%10.6above the sector's middle half▼ 13.8%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€5.2m ▼ 1.1%
Current assets
€5.0m ▲ 5.0%
Equity and liabilities €10.1m
Equity
€6.5m ▲ 10.6%
Debt
€3.7m ▼ 10.8%
Debt's share of the balance-sheet total falls from 41.0% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €837,534
Cash flow
€921,362▲
2024 · €649,738
Quick ratio
2.02▲
2024 · 1.57
Debt to equity
0.56▼
2024 · 0.70
ROE
9.6%▲
2024 · 6.5%
Interest coverage
13.39▲
2024 · 8.19
Debt ≤ 1 year
€1.9m▼
2024 · €2.2m
Debt > 1 year
€1.5m▼
2024 · €1.8m
Income taxes
€242,346▲
2024 · €111,735
Staff costs
€699,822▼
2024 · €780,286
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 13 | 11 | 10 |
| full-time | 15 | 13 | 11 | 10 |
| part-time | - | - | 0 | 0 |
| in full-time equivalents | 15 | 13 | 11 | 10 |
| Average over the year, in full-time equivalents | 13.8 | 13.8 | 12.3 | 10.6 |
| On a permanent contract | 15 | 13 | 11 | 10 |
| Joined | 5 | 4 | 4 | 3 |
| Left | 6 | 6 | 6 | 4 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €2.3m | - | - | - |
| Debts guaranteed by Belgian public bodies | - | - | €2.3m | €2.0m |
| Mortgages, amount registered | €182,500 | €182,500 | €182,500 | €182,500 |
| Mortgage mandates | €3.6m | €3.6m | €3.6m | €3.6m |
| Carrying value of the mortgaged assets | €4.4m | €5.3m | €5.3m | €5.2m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €286,880 | €408,875 | €473,331 | €457,101 |
| Intangible fixed assets | - | - | €33,050 | - |
| Depreciation and write-downs of the year | €227,156 | €282,469 | €270,597 | €297,380 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €7,814 awarded · €6,712 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,427 | €325 |
| 2024 | 1 | €874 | €874 |
| 2023 | 2 | €5,135 | €5,135 |
| 2022 | 1 | €378 | €378 |
Comparable companies
These companies have the same main activity as INDACO CONSTRUCTIE: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €3.5m and €11m, founded between 1995 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| INDACO CONSTRUCTIE Oudenaarde | 2005 | €10.1m | €6.5m | €1.9m | €0.6m | 10.6 | 2025 |
| BOUWPARTNERS Temse | 1999 | €10.5m | €2.7m | €1.2m | €0.1m | 12 | 2025 |
| NACHTERGAELE KRISTOF Kluisbergen | 1998 | €7.5m | €4.6m | €1.5m | €0.4m | 5.3 | 2026 |
| DUTRY KONSTRUKT Ledegem | 1995 | €6.5m | €3.7m | €2.4m | €1.1m | 9.2 | 2025 |
| GLESNER André SA Bastogne | 2005 | €4.4m | €2.6m | €1.7m | €1.0m | 6.5 | 2026 |
| VERHOEVEN CONTRACTING Ravels | 1997 | €10.5m | €3.3m | €1.4m | €0.4m | 4.6 | 2025 |
| TSK Industriebouw Hoogstraten | 2009 | €3.5m | €3.2m | €1.5m | €0.5m | 10.1 | 2025 |
They were chosen from the 1,026 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 20,136 companies had the same profile as INDACO CONSTRUCTIE has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95.0%
was still going
That fits the bankruptcy probability of INDACO CONSTRUCTIE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for INDACO CONSTRUCTIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.006m | €0.03m | €0 | €0.004m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.8m | €0.8m | €0.7m | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.02m | €0.03m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.05m | €0.02m | €0.03m | ▲ 23.6% |
| Non-recurring operating charges66A | - | - | - | €0.04m | - | - | - | - |
| Gross operating margin9900 | €1.5m | €1.3m | €1.3m | €1.7m | €1.6m | €1.7m | €1.9m | ▲ 15.4% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.1m | €0.7m | €0.5m | €0.6m | €0.9m | ▲ 58.4% |
| Financial income75/76B | - | - | - | €0.03m | €0.03m | €0.03m | €0.06m | ▲ 121% |
| Recurring financial income75 | €0.009m | €0.01m | €0.02m | €0.03m | €0.03m | €0.03m | €0.06m | ▲ 121% |
| Financial charges65/66B | - | - | - | €0.05m | €0.05m | €0.1m | €0.09m | ▼ 12.6% |
| Recurring financial charges65 | €0.04m | €0.05m | €0.05m | €0.05m | €0.05m | €0.1m | €0.09m | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.07m | €0.6m | €0.5m | €0.5m | €0.9m | ▲ 76.5% |
| Income taxes67/77 | €0.02m | €0.02m | €0.04m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 117% |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.04m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 64.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.2m | €0.2m | €0.3m | ▲ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.1m | €0.5m | €0.2m | €0.2m | €0.4m | ▲ 108% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €8.1m | €9.2m | €8.5m | €9.3m | €9.8m | €10.0m | €10.1m | ▲ 1.8% |
| Fixed assets21/28 | €4.2m | €6.1m | €5.9m | €4.9m | €5.0m | €5.2m | €5.2m | ▼ 1.1% |
| Intangible fixed assets21 | - | - | - | - | - | €0.03m | €0.03m | ▼ 20.0% |
| Tangible fixed assets22/27 | €4.2m | €5.0m | €4.8m | €4.9m | €5.0m | €5.2m | €5.1m | ▼ 1.0% |
| Land and buildings22 | - | - | - | €4.3m | €4.3m | €4.3m | €4.2m | ▼ 0.5% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.3m | €0.5m | ▲ 43.9% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.3m | €0.4m | €0.4m | ▼ 13.2% |
| Leasing and similar rights25 | - | - | - | €0.3m | €0.2m | €0.2m | €0.05m | ▼ 72.5% |
| Other tangible fixed assets26 | - | - | - | €179 | - | - | - | - |
| Financial fixed assets28 | - | €1.1m | €1.1m | - | - | - | - | - |
| Current assets29/58 | €3.9m | €3.1m | €2.6m | €4.5m | €4.8m | €4.7m | €5.0m | ▲ 5.0% |
| Amounts receivable after more than one year29 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Other amounts receivable291 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Stocks and contracts in progress3 | €0.6m | €0.7m | €0.03m | €0.1m | €1.0m | €1.2m | €1.1m | ▼ 12.8% |
| Stocks30/36 | - | - | - | €0.1m | €1.0m | €1.0m | €1.0m | = |
| Contracts in progress37 | - | - | - | - | - | €0.2m | €0.08m | ▼ 66.4% |
| Amounts receivable within one year40/41 | €1.5m | €1.0m | €1.1m | €1.2m | €1.2m | €0.7m | €1.1m | ▲ 64.4% |
| Trade receivables40 | - | - | - | €1.1m | €1.1m | €0.5m | €1.0m | ▲ 102% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.1m | €0.2m | €0.1m | ▼ 44.5% |
| Current investments50/53 | €0.7m | €0.6m | €0.6m | €0.6m | €1.0m | €1.0m | €0.9m | ▼ 12.9% |
| Cash at bank and in hand54/58 | €1.1m | €0.7m | €0.8m | €1.4m | €0.4m | €0.7m | €0.8m | ▲ 11.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.04m | €0.02m | €0.02m | ▼ 0.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €8.1m | €9.2m | €8.5m | €9.3m | €9.8m | €10.0m | €10.1m | ▲ 1.8% |
| Equity10/15 | €4.5m | €4.7m | €4.7m | €5.1m | €5.5m | €5.9m | €6.5m | ▲ 10.6% |
| Contributions10/11 | €0.4m | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €4.1m | €4.2m | €4.3m | €4.7m | €5.1m | €5.4m | €6.1m | ▲ 11.4% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.04m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €3.4m | €3.6m | €3.8m | €4.1m | ▲ 7.2% |
| Distributable reserves133 | - | - | - | €1.3m | €1.5m | €1.7m | €2.0m | ▲ 21.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €3.6m | €4.5m | €3.8m | €4.2m | €4.3m | €4.1m | €3.7m | ▼ 10.8% |
| Amounts payable after more than one year17 | €2.0m | €2.3m | €1.9m | €2.1m | €1.7m | €1.8m | €1.5m | ▼ 16.8% |
| Financial debts170/4 | - | - | - | €2.1m | €1.7m | €1.8m | €1.5m | ▼ 16.8% |
| Amounts payable within one year42/48 | €1.6m | €2.2m | €1.9m | €2.0m | €2.6m | €2.2m | €1.9m | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 1.0% |
| Financial debts43 | - | - | - | - | €0.6m | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €0.6m | €0 | - | - |
| Trade debts44 | €0.2m | €0.8m | €0.6m | €1.0m | €1.1m | €1.4m | €1.1m | ▼ 18.9% |
| Suppliers440/4 | - | - | - | €1.0m | €1.1m | €1.4m | €1.1m | ▼ 18.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.08m | €0.07m | €0.07m | ▲ 6.3% |
| Taxes450/3 | - | - | - | €0.2m | €0.02m | €0.02m | €0.01m | ▼ 12.0% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.06m | €0.05m | €0.06m | ▲ 11.8% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 15.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.02m | €0.02m | €0.2m | ▲ 683% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.04m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 64.6% |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 9.9% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.3m | €0.7m | €0.6m | €0.6m | €0.9m | ▲ 41.8% |
| Investment in fixed assets (approximation) | - | -€2.2m | -€0.02m | €0.8m | -€0.4m | -€0.5m | -€0.2m | ▲ 52.8% |
| Change in cash | - | -€0.4m | €0.06m | €0.7m | -€1.0m | €0.3m | €0.08m | ▼ 70.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00025753 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00025895 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00016058 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00021414 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03600197 | |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03900033 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03600584 | |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-04000316 | |
| 31-07-2016 | abbreviated format | 16-03-2017 | 2017-06300295 | |
| 31-07-2015 | abbreviated format | 08-02-2016 | 2016-04000592 |
Board & ownership
Directors
Directors
2 directors, last change in 2022
Kristof Nachtergaele
Current
Director (not named in the articles) · in office according to the act of 07-12-2022 · earlier manager, until 07-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-01-2026
VOF KNL Consult
Current
Director (not named in the articles) · in office according to the act of 07-12-2022 · earlier manager, until 07-12-2022 · term without a fixed end · Legal entity · listed in the 2025 annual accounts, filed on 30-01-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 07-12-2022Owners and capital
Capital transactions
Capital over time
- 07-12-2022 Converted to unavailable equity
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Kristof Nachtergaele |
|
| VOF KNL Consult |
|
Network & group
INDACO CONSTRUCTIE shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of INDACO CONSTRUCTIE. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-01
abbreviated format · 1 day before the deadline
2025
30-06
Financial
Highest result from 2019 to 2025net €623,982 ▲64.6%
The operating result of €897,936 and the net result of €623,982 are both a record.
31-01
abbreviated format · on the deadline day
2024
30-01
abbreviated format · 1 day before the deadline
2023
31-01
abbreviated format · on the deadline day
2022
07-12
Gazette deed
Resignations: Kristof Nachtergaele (manager) and VOF KNL Consult (manager)Reappointments: Kristof Nachtergaele (director) and VOF KNL Consult (director) · Amendment of the articles · Capital conversion10 points ▸
Gazette deed
Resignations: Kristof Nachtergaele (manager) and VOF KNL Consult (manager)
Reappointments: Kristof Nachtergaele (director) and VOF KNL Consult (director) · Amendment of the articles · Capital conversion10 points ▸
- General meeting, 19-11-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director resignation, Kristof Nachtergaele (manager)
- Director resignation, VOF KNL Consult (manager)
- Director reappointment, Kristof Nachtergaele (director (not named in the articles))
- Director reappointment, VOF KNL Consult (director (not named in the articles))
- Power of attorney
30-06
Financial
Equity above €5mequity €5.1m ▲9.4%
With a profit in every financial year since 2019, equity grows to €5.1m.
31-01
abbreviated format · on the deadline day
2021
30-06
Financial
Weakest financial yearnet €36,801 ▼69.7%
The net result drops to €36,801, the lowest from 2019 to 2025. It recovers the following year.
29-01
abbreviated format · 2 days before the deadline
2020
31-01
abbreviated format · on the deadline day
2019
31-01
abbreviated format · on the deadline day
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
INDACO CONSTRUCTIE in Dutch
Enterprise number
0875.711.050
Legal form
Private limited company
Status
Active, normale toestand
Founded
25-08-2005
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-12-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Derde besluit, Kontrijnstraat 3,9690 Kluisbergen”
“Vlaamse Gewest, bestuursorgaan mag exploitatiezetels,administratieve zetels,filialen,agentschappen en depots in België of buitenland…”
deed of 07-12-2022 (in Dutch)Registered office and establishments
Registered office
Bedrijvenpark 'Coupure' 6, 9700 Oudenaarde, Belgium
Establishment units
INDACO CONSTRUCTIE, Bedrijvenpark 'Coupure' 6, 9700 Oudenaarde since 20-09-2005 · unit number 2.148.936.31741001 General construction of residential buildings
Indaco Constructie BV, Berchemweg 117, 9700 Oudenaarde since 02-01-2023 · unit number 2.347.671.40241001 General construction of residential buildings
Activities
NACEBEL 2025VAT activities
41003
General construction of other non-residential buildings main activity
Social security (RSZ) activities
41001
General construction of residential buildings main activity
Codes under NACEBEL 2008
VAT activities
41203
Construction of residential and non-residential buildings main activity
Social security (RSZ) activities
41201
General construction of buildings main activity
Codes under NACEBEL 2003
VAT activities
45213
main activity
Social security (RSZ) activities
45211
main activity
Joint committee
124 Paritair Comité voor het bouwbedrijf annual accounts 30-06-2023
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 07-12-2022 (in Dutch)
“Algemene bouwonderneming; Onderneming voor het optrekken van gebouwen; Voor het bouwen van stellingen,alsmede voor het invoegen en reinigen…”
60 activities
- Algemene bouwonderneming
- Onderneming voor het optrekken van gebouwen
- Voor het bouwen van stellingen,alsmede voor het invoegen en reinigen van gevels
- Voor warmte- en geluidsisolering
- Onderneming in onroerende goederen
- Uitbating van kantoor voor mechanografische werken
- Onderneming voor grond- en draineringswerken
- Voor rioleringswerken
- Voor het maken van ontwerpen van binnenhuisinrichting (geen uitvoeringswerken)
- Voor het plaatsen van afsluitingen
- Voor het leggen van kasseien,dallen en chapes
- Onderneming voor pvc-plaatsing
- Voor het plaatsen van scheidingswanden en valse zolderingen in kunststof en gyproc en andere materialen
- Voor het plaatsen van ijzerwerk,metalen vensterluiken en metalen schrijnwerk
- Algemene bouwwerkzaamheden in coördinatie met onderaannemers
- Onderneming voor administratieve dienstverlening
- Onderneming uitvoerende werken in verband met land-,tuinbouw en veeteelt voor derden
- Dorsonderneming
- Sproeionderneming
- Onderneming zoutstrooien
- Onderneming maaiwerken
- Onderneming snijden en snoeien van bomen
- Metalen constructies en metaalbouw
- Onderneming plaatsen ijzerwerk,metalen luiken en schrijnwerk
- Onderneming grondwerken
- Het toezien op bouwwerkzaamheden (ruwbouw,installatie,afwerking,enzovoort)
- Het leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- De vervaardiging en de montage van metalen constructiewerken en gebinten voor de bouw
- De vervaardiging en de montage van metalen constructiewerken voor industriële uitrusting (bij voorbeeld: hoogovens,hijs- en hefwerktuigen,enzovoort)
- De vervaardiging van geprefabriceerde gebouwen,verwegend van metaal: bouwketen,modulaire tentoonstellingselementen,telefooncellen,enzovoort
- De vervaardiging van metalen werkstukken voor rekening van derden door toepassing van diverse technieken: boren,draaien,frezen,vonkerosief bewerken,schaven,lappen,trekfrezen,vlakken,zagen,zogen,slijpen,lassen enzovoort
- Onderneming voor het bouwen van funderingen,inclusief heien
- Onderneming voor het boren en aanleggen van waterputten,graven van mijnschachten
- Onderneming voor het vlechten van ijzer en aanbrengen van bekisting
- Onderneming voor het monteren van niet-zelfvervaardigde metalen constructiewerken
- Onderneming voor het uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden
- Het schilderen van metalen constructies
- De installatie van particuliere zwembaden
- Bouw van daken
- Het plaatsen van dakbedekking van ongeacht welk materiaal
- Het plaatsen van dakgoten en regenafvoerbuizen
- Het optrekken van de ruwbouw van gebouwen met celstructuur: appartementsgebouwen,kantoorgebouwen enzovoort
- Het optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik van stel- en stapelplaatsen,scholen,ziekenhuizen,van gebouwen voor de beoefening van erediensten,cultuur,sport,recreatie,enzovoort
- De montage van hangars,loodsen,schuren,silo’s,enzovoort voor landbouwdoeleinden
- Het slopen van gebouwen en andere bouwwerken
- Het ruimen van bouwterreinen
- Het grondverzet: graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven
- Verkoop van onroerende goederen
- Grondwerken
- Funderingswerken
- Afbraakwerken
- Groot- en kleinhandel van grint,gravier,fourage,stro,landbouwproducten,voeders,fruit,groenten en pootgoed
- Aardappelhandel,aardappelbereider
- Alle vervoer van goederen,zowel in België als in het buitenland,de invoer en uitvoer,zowel voor eigen rekening als voor rekening van derden
- Verhuur van rollend materieel,daartoe behorende onder meer vrachtwagens,opleggers,et cetera
- Optreden als vervoerscommissionair
- Alle aannemingen van laden,lossen,stouwen,wegen,meten,bewaken,opslaan,bewaren,bergen en verzenden van goederen
- Het uitbaten van een expeditie bedrijf en alle ermee aanverwante verrichtingen en activiteiten zoals grens- en tolformaliteiten,opslaan van goederen,huren en verhuren van vervoermiddelen,materieel en opslagplaatsen
- Alle vervoer van mensen,goederen en dieren,zowel in België als in het buitenland,de invoer en uitvoer,zowel voor eigen rekening als voor rekening van derden
- De verhuur en de verkoop van alle rollend materieel,daartoe behorende onder meer vrachtwagens,opleggers,personenwagens,motorhomes,moto’s,bromfietsen,caravans,alsook alle ermee verband houdende onderdelen en uitrustingsgoederen,dit alles zowel in nieuwe staat als tweedehands
Invoicing and payment
VAT number
BE 0875.711.050
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0875.711.050
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of December at 19:00
deed of 07-12-2022 (in Dutch)Recognitions · licences · registrations
Dual-learning approval
1 endedWerfbediener (so)
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.8 ha
Building footprint
4,978 m²
Building volume
58,505 m³
Tallest building: 13.0 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45508B0447/00G000 | Flanders | 1.8 ha | 1 · 4,978 m² | 13.0 m · 4 |
| 45023A1404/00S000 | Flanders | 190 m² | - | - |