Indar
ActiveIndar has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490k and a net result of €144k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +54 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency74▲+10
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.28 in 2024), but 59.1% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← 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
40.9%
Return on assets
12%
Age of the figures
8 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
45 d early
2023
177 d early
2022
26 d early
2021
41 d early
2020
47 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€490k▲ 41.4%
2024 · €347k
2018: €35k
2019: €170k
2020: €377k
2021: €707k
2022: €1.06M
2023: €494k
2024: €347k
2018 → 2025
Total assets
€1.20M▲ 28.2%
2024 · €934k
2018: €98k
2019: €656k
2020: €1.03M
2021: €1.31M
2022: €1.64M
2023: €1.46M
2024: €934k
2018 → 2025
Net result
€144k
2024 · €-147k
2018: €34k
2019: €135k
2020: €207k
2021: €336k
2022: €351k
2023: €433k
2024: €-147k
2018 → 2025
Working capital
€254k▲ 155%
2024 · €100k
2018: €21k
2019: €66k
2020: €122k
2021: €397k
2022: €759k
2023: €242k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€707k-€1.06M▲ 49.7%€494k▼ 53.3%€347k▼ 29.8%€490k▲ 41.4%
Operating result€452k-€508k▲ 12.3%€544k▲ 7.2%€-136k€173k
Net result€336k-€351k▲ 4.6%€433k▲ 23.3%€-147k€144k
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 returns to profit in 2025: €173k after a loss of €136k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€444k▼ 7.4%
Current assets
€753k▲ 65.8%
Equity and liabilities €1.20M
Equity
€490k▲ 41.4%
Debt
€707k▲ 20.3%
The debt ratio falls from 62.9% to 59.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€223k▲
2024 · €-84k
Cash flow
€194k▲
2024 · €-95k
Solvency
40.9%▲
2024 · 37.1%
Current ratio
1.51▲
2024 · 1.28
Quick ratio
1.39▲
2024 · 1.28
Debt / equity
1.44▼
2024 · 1.69
ROE
29.3%▲
2024 · -42.5%
ROA
12.0%▲
2024 · -15.8%
Interest coverage
16.76▲
2024 · -7.45
Debt
€707k▲
2024 · €587k
Debt ≤ 1 year
€499k▲
2024 · €354k
Debt > 1 year
€208k▼
2024 · €233k
Income taxes
€17k▲
2024 · €13
Staff costs
€505k▲
2024 · €349k
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€934k€1.20M▲
Fixed assets21/28€480k€444k▼
Intangible fixed assets21€3k€5k▲
Tangible fixed assets22/27€472k€435k▼
Land and buildings22€389k€377k▼
Plant, machinery and equipment23€66k€50k▼
Furniture and vehicles24€17k€7k▼
Financial fixed assets28€4k€4k=
Current assets29/58€454k€753k▲
Stocks and contracts in progress3-€60k
Stocks30/36-€60k
Amounts receivable within one year40/41€425k€677k▲
Trade receivables40€123k€205k▲
Other amounts receivable41€302k€472k▲
Cash at bank and in hand54/58€13k€14k▲
Deferred charges and accrued income490/1€16k€2k▼
Equity and liabilities
Total equity and liabilities10/49€934k€1.20M▲
Equity10/15€347k€490k▲
Contributions10/11€19k€19k=
Reserves13€475k€472k▼
Tax-exempt reserves132€105k€105k=
Distributable reserves133€370k€366k▼
Profit (loss) carried forward14€-147k-
Amounts payable17/49€587k€707k▲
Amounts payable after more than one year17€233k€208k▼
Financial debts170/4€233k€208k▼
Amounts payable within one year42/48€354k€499k▲
Current portion of amounts payable after more than one year42€24k€73k▲
Financial debts43€50k€65k▲
Credit institutions430/8€50k€65k▲
Trade debts44€24k€61k▲
Suppliers440/4€24k€61k▲
Advances received on contracts in progress46€187k€187k=
Taxes, remuneration and social security45€69k€114k▲
Taxes450/3€37k€55k▲
Remuneration and social security454/9€32k€59k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€9k-
Remuneration, social security and pensions62€349k€505k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€50k▼
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€270k€732k▲
Operating profit (loss)9901€-136k€173k▲
Financial income75/76B€173€450▲
Recurring financial income75€173€450▲
Non-recurring financial income76B€0-
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€-147k€160k▲
Income taxes67/77€13€17k▲
Profit (loss) for the period9904€-147k€144k▲
Profit (loss) for the period to be appropriated9905€-147k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-147k€-4k▲
Profit (loss) brought forward from the previous period14P-€-147k
Transfer from equity791/2€0€4k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90876.88.9▲
The notes to these accounts (12 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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €144k
Net result €144k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-147k ▼134%
Net result drops to €-147k, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €433k ▲23.3%
Operating result €544k, net result €433k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲49.7%
5 profitable years in a row build equity to €1.06M.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €707k ▲87.6%
4 profitable years in a row build equity to €707k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €377k ▲122%
3 profitable years in a row build equity to €377k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €170k ▲389%
2 profitable years in a row build equity to €170k.
14-06
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beerse · 1 establishment unit since 2018
Ground area
6,602 m²
Building footprint
240 m²
Volume, LiDAR
199 m³
Parcel 13004C0385/00C032, Flanders · tallest building 9.7 m. Linked by address, not a title deed.
1 establishment unit
ZèMerZuut
since 20182.273.081.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004C0385/00C032 | Flanders | 6,602 m² | 1 · 240 m² | 9.7 m |
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.
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Of 1,174 companies in sector 72109 we hold annual accounts for 712. 486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2018
Fiscal year end31-12
Activities, NACEBEL
72109Other research and development on natural sciences
91030Libraries, archives, museums and other cultural activities
91220Libraries, archives, museums and other cultural activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.