Indaver Plastics2Chemicals
The computed 12-month bankruptcy probability of Indaver Plastics2Chemicals is 1.3% (low). The 2025 annual accounts show equity of €5.42M and a net result of €-10.91M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 56 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5.42M |
| Net result | €-10.91M |
| Staff (FTE) | 36.5 |
| Better than sector | 12% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.8% | 35.8% | |
| Net result | €-10.91M | €11k | |
| Equity | €5.42M | €740k | |
| Gross operating margin | €-4.67M | €45k | |
| Staff costs | €4.62M | €2.90M |
Show 11 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-9.30M |
| Net profit | €-10.91M |
| Cash flow | €-8.66M |
| Staff costs | €4.62M |
| Income taxes | €-603k |
| Dividends | - |
| Total assets | €93.23M |
| Equity | €5.42M |
| Debt | €87.81M |
| of which ≤ 1y | €30.68M |
| of which > 1y | €48.60M |
| Working capital | €-21.58M |
| Employees (FTE) | 36.5 |
| 2025 | |
|---|---|
| Current ratio | 0.30 |
| Quick ratio | 0.09 |
| Working capital ratio | -23.2% |
| Solvency | 5.8% |
| Debt / equity | 16.20 |
| Long-term debt ratio | 8.97 |
| Interest coverage | -11150.01 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.7% |
| ROE | -201.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €93.23M |
| Fixed assets | 21/28 | €84.14M |
| Intangible fixed assets | 21 | €8.33M |
| Tangible fixed assets | 22/27 | €75.81M |
| Current assets | 29/58 | €9.09M |
| Stocks & contracts in progress | 3 | €6.22M |
| Amounts receivable within one year | 40/41 | €2.81M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €93.23M |
| Equity | 10/15 | €5.42M |
| Contributions / capital | 10/11 | €20.09M |
| Reserves | 13 | €26k |
| Accumulated profits (losses) | 14 | €-22.19M |
| Amounts payable | 17/49 | €87.81M |
| Amounts payable after one year | 17 | €48.60M |
| Amounts payable within one year | 42/48 | €30.68M |
| Trade debts payable within one year | 44 | €5.31M |
| Income statement | ||
| Gross operating margin | 9900 | €-4.67M |
| Operating result | 9901 | €-11.55M |
| Financial income | 75 | €39k |
| Financial charges | 65 | €834 |
| Result before taxes | 9903 | €-11.51M |
| Income taxes | 67/77 | €-603k |
| Net result for the period | 9904 | €-10.91M |
| Result to be appropriated | 9905 | €-10.91M |
-
Tsundoku VenturesLegal entityDirector· perm. rep.: Hilde VangilbergenState Gazette act 25010153 (22-01-2025)Current01-01-2025 → present
-
Gavilán ConsultingLegal entityDirector· perm. rep.: Karl HutsState Gazette act 24124244 (21-08-2024)Current01-07-2024 → present
-
ENTRA MOBILE BVLegal entityDirector· perm. rep.: Dirk MichielsensState Gazette act 22105313 (02-09-2022)Current02-09-2022 → present
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Ernst et Young Reviseurs d'EntreprisesCurrent Statutory auditor · represented by Ronald Van den Ecker |
- | 21-05-2024 → present |
| NACE primary | Andere afvalverwijdering(38330) |
| Legal form | Public limited company(014) |
| Incorporation | 29-06-2021 |
| Status | Active |
| Postal code | 2030 |
Show 2 more network connections
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11816B0138/00K000 | Flanders | 42.8 ha | 1 · 267 m² | 7.2 m |
| 11816C0032/00B000 | Flanders | 25.2 ha | 1 · 8,992 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-05-2026 Act object · Power of attorney
- Publication: 2026-05-27
- Act object: Beslissing van de Raad van Bestuur dd 11/02/2026 - volmachtenprocedure
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
- Power of attorney · INDAVER PLASTICS2CHEMICALS
Technical details
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- Publication: 29/07/2022 · INDAVER
- Filing: 19/07/2022 · INDAVER
- Notarial deed: 30/06/2022 · INDAVER
- General meeting: 30/06/2022 · INDAVER
- Demerger: description: partiële splitsing door overdracht van activa en passiva, consideration: 730 nieuwe aandelen zonder vermelding van waarde, volgestort · INDAVER
- Accounting effect: 01/01/2022 · INDAVER
- Net asset statement: date: 31/12/2021, amount: 67846.08, currency: EUR, description: netto inbrengwaarde · INDAVER
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}24-05-2022 Act object · Board meeting · Demerger · Net asset statement
- Act object: Neerlegging van een gezamenlijk voorstel tot partiële splitsing in overeenstemming met artikelen 12:8, 1° juncto 12:59 van het Wetboek van Vennootschappen en Verenigingen tussen INDAVER NV (als Partieel te Splitsen Vennootschap) en INDAVER Plastics2Chemicals NV (als Verkrijgende Vennootschap) · INDAVER NV
- Publication: 24/05/2022 · INDAVER NV
- Filing: 16/05/2022 · INDAVER NV
- Board meeting: 06/05/2022 · INDAVER NV
- Demerger · INDAVER NV
- Net asset statement: date: 31/12/2021, amount: 67846.08, currency: EUR · INDAVER NV
- Accounting effect: 01/01/2022 · INDAVER NV
- Filing representative: neerlegging van de publicatieformulieren · Carine Aters
- Filing representative: neerlegging van de publicatieformulieren · Wendy Op 't Eynde
- Legal effect: 01/07/2022 · INDAVER NV
- Share issuance: count: 730, exchange_ratio: 0.0003828514 · INDAVER Plastics2Chemicals NV
- Dividend entitlement: 01/01/2022 · INDAVER Plastics2Chemicals NV
- Waiver auditor report: ja · INDAVER NV
- Special report: kapitaalverhoging door middel van inbreng in natura · INDAVER Plastics2Chemicals NV
Technical details
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}01-07-2021 Incorporation of a new NV
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}| Legal nameNL | Indaver Plastics2Chemicals |