INDAGRO LIGHTING
ActiveINDAGRO LIGHTING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €-915. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 55% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+68
Solvency76▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.74 in 2024; short-term debt: 48.6% and cash: 44.9% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.4%
Return on assets
-0.5%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-915
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
3 d early
2023
17 d late
2022
2 d late
2021
31 d early
2020
2 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▼ 1.0%
2024 · €89k
2019: €99k
2020: €134k
2021: €123k
2022: €147k
2023: €149k
2024: €89k
2019 → 2025
Total assets
€172k▲ 1.4%
2024 · €169k
2019: €127k
2020: €191k
2021: €278k
2022: €414k
2023: €192k
2024: €169k
2019 → 2025
Net result
€-915▲ 98.5%
2024 · €-60k
2019: €21k
2020: €35k
2021: €-11k
2022: €24k
2023: €3k
2024: €-60k
2019 → 2025
Working capital
€74k▲ 25.5%
2024 · €59k
2019: €75k
2020: €118k
2021: €108k
2022: €231k
2023: €103k
2024: €59k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€147k▲ 19.6%€149k▲ 1.8%€89k▼ 40.3%€88k▼ 1.0%
Operating result€-10k-€33k€6k▼ 82.7%€-60k€-872▲ 98.5%
Net result€-11k-€24k€3k▼ 88.8%€-60k€-915▲ 98.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €872 in 2025 against €60k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€14k▼ 53.1%
Current assets
€157k▲ 13.1%
Equity and liabilities €172k
Equity
€88k▼ 1.0%
Debt
€83k▲ 4.0%
The debt ratio rises from 47.3% to 48.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €-44k
Cash flow
€15k▲
2024 · €-44k
Solvency
51.4%▼
2024 · 52.7%
Current ratio
1.89▲
2024 · 1.74
Quick ratio
1.59▲
2024 · 1.31
Debt / equity
0.94▲
2024 · 0.90
ROE
-1.0%▲
2024 · -67.4%
ROA
-0.5%▲
2024 · -35.5%
Interest coverage
229.36▲
2024 · -456.75
Debt
€83k▲
2024 · €80k
Debt ≤ 1 year
€83k▲
2024 · €80k
Income taxes
€136▼
2024 · €141
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€169k€172k▲
Fixed assets21/28€30k€14k▼
Tangible fixed assets22/27€30k€14k▼
Plant, machinery and equipment23€2k€839▼
Furniture and vehicles24€28k€13k▼
Current assets29/58€139k€157k▲
Stocks and contracts in progress3€34k€25k▼
Stocks30/36€34k€25k▼
Amounts receivable within one year40/41€34k€46k▲
Trade receivables40€31k€46k▲
Other amounts receivable41€3k€3▼
Cash at bank and in hand54/58€71k€77k▲
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€169k€172k▲
Equity10/15€89k€88k▼
Contributions10/11€12k€12k=
Reserves13€137k€137k=
Distributable reserves133€137k€137k=
Profit (loss) carried forward14€-60k€-61k▼
Amounts payable17/49€80k€83k▲
Amounts payable within one year42/48€80k€83k▲
Trade debts44€30k€35k▲
Suppliers440/4€30k€35k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€141€2k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€47k€47k▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-27k€16k▲
Operating profit (loss)9901€-60k€-872▲
Financial income75/76B€15€159▲
Recurring financial income75€15€159▲
Financial charges65/66B€96€66▼
Recurring financial charges65€96€66▼
Profit (loss) for the period before taxes9903€-60k€-779▲
Income taxes67/77€141€136▼
Profit (loss) for the period9904€-60k€-915▲
Profit (loss) for the period to be appropriated9905€-60k€-915▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-61k▼
Profit (loss) brought forward from the previous period14P-€-60k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-60k ▼2335%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
31-03
Financial
Highest result since 2019net €35k ▲68.3%
Operating result €49k, net result €35k, both a record.
31-03
Financial
Equity above €100kEq €134k ▲35%
2 profitable years in a row build equity to €134k.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Stekene · 1 establishment unit since 2017
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.
Sint-Jozefslaan(STE) 1B9190 StekeneGround area
2,001 m²
Building footprint
760 m²
Volume, LiDAR
3,041 m³
Parcel 46024A0237/00_000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INDAGRO LIGHTING
since 20172.264.803.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A0237/00_000 | Flanders | 2,001 m² | 1 · 760 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
MVKO SERVICES SRL
BE 0741.765.730
Charleroi · Eq €88k
Versatec Service
BE 0801.559.302
Lubbeek · Eq €88k
BS Energies
BE 0803.049.538
Charleroi · Eq €88k
ER CHAUFFAGE & CO
BE 0760.535.725
Etterbeek · Eq €88k
Kong Technics
BE 1003.819.445
Beveren-Kruibeke-Zwijndrecht · Eq €88k
Of 9,528 companies in sector 43222 we hold annual accounts for 5,659. 4,877 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2017
Fiscal year end31-03
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.