Losses
-€32,074 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
INDAR
Lifetime
13 annual accounts with figures on one time axispeak €63,621 (2021)
€56,190▲ 37.8%
lowest -€17,015 (2023)
-€472▲ €14,116
peak €106,951 (2022)
€74,876▼ 0.6%
€28,228▲ 74.6%
peak 1.2 FTE (2020)
-not published
Board1 name since 2012
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €40,777 to €56,190Loss of €472Debts from €16,163 to €28,228Cash from €2,908 to €7,833
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as INDAR has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,908 companies, not a prediction for INDAR. 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.
Credit verdict
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Signals
Recent changes
Resignation: (director, formerly manager)
Reappointment: (director) · Director discharge: · General meeting of 09-05-2023 · Gazette deed
Registered office moved from Antwerp to Berchem
New registered office: Karmelietenstraat 38 te 2600 Berchem · Previous registered office: Frankrijklei 84 bus 1, 2000 Antwerpen · General meeting of 16-08-2016 · Gazette deed
First establishment
Karmelietenstraat 38, Antwerp
Incorporation
published on 08-03-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INDAR Antwerp | €103,105 | €56,190 | 72.6% | - |
| algemene bouwwerken Luyten Herselt | €94,057 | €46,680 | 72.6% | - |
| OLIVER'S STONE Péruwelz | €96,052 | €54,249 | 82.3% | 1 |
| BATEXPRESS Berchem-Sainte-Agathe | €105,322 | €67,577 | 75.7% | - |
| EKOSE Antwerp | €125,193 | €64,757 | 92.4% | - |
| Voegwerken Van de Perre Kasterlee Kasterlee | €103,503 | €45,522 | 44.1% | - |
| MILLOEN K. Berlaar | €124,570 | €56,488 | 65.4% | - |
These companies have the same main activity as INDAR: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €94,100 and €125,000, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 22-02-2012Normal situation
- Activity
- Bricklaying and masonry workNACE 43910
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.226.853.4472600 Antwerp, since 22-02-2014
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €280,000estimated
- €103,105▲ 12.7%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 31-08-2026
Insights on INDAR
INDAR files the micro format. That format states no turnover. The gross margin rose from €54,935 in 2013 to €56,190 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INDAR
- What is the company number of INDAR?
- The company number of INDAR is 0843.937.216. The VAT number is the same number with BE in front: BE 0843.937.216.
- Where is INDAR based?
- The registered office is at Karmelietenstraat 38, 2600 Antwerp.Company details
- What does INDAR do?
- According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
- What is the legal form of INDAR?
- INDAR is a private limited company (BV).
- When was INDAR founded?
- INDAR was founded on 22-02-2012.
- Is INDAR still active?
- Yes, INDAR is an active enterprise in the KBO register.
- How many employees does INDAR have?
- INDAR had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does INDAR fall under?
- In its 2025 annual accounts, INDAR states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of INDAR?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €56,190 and 77 comparable companies (NACE 439). It probably lies between €220,000 and €500,000.
- Is INDAR profitable?
- In financial year 2025, INDAR made a loss of €472.
- Where can I find the annual accounts of INDAR?
- INDAR filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INDAR due?
- INDAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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