INDALOGIC
ActiveSummary
INDALOGIC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3,854 and a net result of -€3,119. Equity is shrinking by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-27
Solvency48▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
22.6%
Return on assets
-18.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
125 d early
2022
28 d early
2021
34 d early
2020
31 d early
2019
31 d early
← 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 54 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€3,854▼ 44.7%
2023 · €6,973
Total assets
€17,082▼ 24.8%
2023 · €22,714
Net result
-€3,119
2023 · €1,437
Working capital
€1,785▼ 29.8%
2023 · €2,543
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,748-€4,291€1,722€5,484▲ 219%-€101
Net result€26,084-€6,000-€1,577▲ 73.7%€1,437-€3,119
Equity€25,373▲ 96.9%€19,372▼ 23.6%€17,796▼ 8.1%€6,973▼ 60.8%€3,854▼ 44.7%
Total assets€47,653▲ 77.7%€42,266▼ 11.3%€37,083▼ 12.3%€22,714▼ 38.7%€17,082▼ 24.8%
Debt€22,280▲ 59.9%€22,893▲ 2.8%€19,288▼ 15.8%€15,741▼ 18.4%€13,229▼ 16.0%
Working capital€16,110▲ 62.9%€13,773▼ 14.5%€10,031▼ 27.2%€2,543▼ 74.7%€1,785▼ 29.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €101 after €5,484 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17,082
Fixed assets
€3,068 ▼ 43.5%
Current assets
€14,014 ▼ 18.9%
Equity and liabilities €17,082
Equity
€3,854 ▼ 44.7%
Debt
€13,229 ▼ 16.0%
Debt's share of the balance-sheet total rises from 69.3% to 77.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,260▼
2023 · €8,819
Cash flow
-€757▼
2023 · €4,772
Current ratio
1.15▼
2023 · 1.17
Debt to equity
3.43▲
2023 · 2.26
ROE
-80.9%▼
2023 · 20.6%
ROA
-18.3%▼
2023 · 6.3%
Interest coverage
12.54▼
2023 · 44.50
Debt ≤ 1 year
€12,229▼
2023 · €14,741
Income taxes
€2,837▼
2023 · €3,849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 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 1,295 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,146 | €2,664 | €3,360 | €3,335 | €2,362 | ▼ 29.2% |
| Other operating charges640/8 | - | €289 | €900 | €1,041 | €1,587 | ▲ 52.5% |
| Non-recurring operating charges66A | - | €7,141 | - | - | - | - |
| Gross operating margin9900 | €36,017 | €5,802 | €5,981 | €9,859 | €3,847 | ▼ 61.0% |
| Operating profit (loss)9901 | €33,748 | -€4,291 | €1,722 | €5,484 | -€101 | ▼ 102% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €69 | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €331 | €230 | €198 | €180 | ▼ 9.0% |
| Recurring financial charges65 | €250 | €331 | €230 | €198 | €180 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €33,568 | -€4,622 | €1,492 | €5,286 | -€282 | ▼ 105% |
| Income taxes67/77 | €7,484 | €1,378 | €3,068 | €3,849 | €2,837 | ▼ 26.3% |
| Profit (loss) for the period9904 | €26,084 | -€6,000 | -€1,577 | €1,437 | -€3,119 | ▼ 317% |
| Profit (loss) for the period to be appropriated9905 | €26,084 | -€6,000 | -€1,577 | €1,437 | -€3,119 | ▼ 317% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,653 | €42,266 | €37,083 | €22,714 | €17,082 | ▼ 24.8% |
| Fixed assets21/28 | €9,263 | €6,600 | €8,765 | €5,430 | €3,068 | ▼ 43.5% |
| Tangible fixed assets22/27 | €9,263 | €6,600 | €8,765 | €5,430 | €3,068 | ▼ 43.5% |
| Land and buildings22 | - | €1,396 | €698 | - | - | - |
| Furniture and vehicles24 | - | €5,203 | €8,067 | €5,430 | €3,068 | ▼ 43.5% |
| Current assets29/58 | €38,390 | €35,666 | €28,319 | €17,284 | €14,014 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €17,642 | €23,892 | €15,682 | €1,436 | €0 | ▼ 100% |
| Trade receivables40 | - | €22,052 | €15,682 | - | - | - |
| Other amounts receivable41 | - | €1,840 | - | €1,436 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €20,748 | €11,774 | €12,096 | €15,848 | €14,014 | ▼ 11.6% |
| Deferred charges and accrued income490/1 | - | - | €541 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,653 | €42,266 | €37,083 | €22,714 | €17,082 | ▼ 24.8% |
| Equity10/15 | €25,373 | €19,372 | €17,796 | €6,973 | €3,854 | ▼ 44.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €2,000 | €2,000 | = |
| Reserves13 | €12,973 | €12,973 | €12,973 | €11,113 | €11,113 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €11,113 | €11,113 | €11,113 | €11,113 | = |
| Profit (loss) carried forward14 | - | -€6,000 | -€7,577 | -€6,140 | -€9,259 | ▼ 50.8% |
| Amounts payable17/49 | €22,280 | €22,893 | €19,288 | €15,741 | €13,229 | ▼ 16.0% |
| Amounts payable within one year42/48 | €22,280 | €21,893 | €18,288 | €14,741 | €12,229 | ▼ 17.0% |
| Trade debts44 | €5,142 | €6,529 | €6,732 | €2,588 | €2,582 | ▼ 0.2% |
| Suppliers440/4 | - | €6,529 | €6,732 | €2,588 | €2,582 | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | €14,598 | €8,724 | €4,249 | €9,361 | ▲ 120% |
| Taxes450/3 | - | €14,598 | €8,724 | €3,849 | €9,361 | ▲ 143% |
| Remuneration and social security454/9 | - | - | - | €400 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €767 | €2,832 | €7,905 | €286 | ▼ 96.4% |
| Accrued charges and deferred income492/3 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,084 | -€6,000 | -€1,577 | €1,437 | -€3,119 | ▼ 317% |
| + Depreciation and write-downs630 | €2,146 | €2,664 | €3,360 | €3,335 | €2,362 | ▼ 29.2% |
| Operating cash flow (approximation) | €28,230 | -€3,337 | €1,783 | €4,772 | -€757 | ▼ 116% |
| Investment in fixed assets (approximation) | - | €0 | -€5,525 | €0 | €0 | - |
| Change in cash | - | -€8,974 | €322 | €3,752 | -€1,834 | ▼ 149% |
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
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,437
Net result €1,437 after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €26,084
Net result €26,084 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€9,768
Net result drops to -€9,768, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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.
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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, Schilde · 1 establishment unit since 2011
Ground area
2,327 m²
Building footprint
314 m²
Volume, LiDAR
1,548 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INDALOGIC
since 20112.201.800.624
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0119/00G005 | Flanders | 1,305 m² | 1 · 142 m² | 8.1 m · 2 fl. |
| 11039D0119/00P004 | Flanders | 1,022 m² | 1 · 172 m² | 6.8 m · 1 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 13,417 companies in sector 73300 we hold annual accounts for 6,899. 2,204 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
Founded08-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Contact
E-mail
pascal@indalogic.com
Phone
0475836902
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838069409
Also
9925:BE0838069409
Registered
02-07-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.