Equity
€71,233 ▲ 15.5%
INDEA has made a profit without a break since 2022.
INDEA
Lifetime
18 annual accounts with figures on one time axispeak €37,998 (2012)
€16,959▼ 42.5%
lowest -€9,750 (2012)
€9,581▼ 26.3%
peak €71,233 (2025)
€71,233▲ 15.5%
€35,466▲ 16.2%
peak 1 FTE (2011)
-not published
Board1 name since 2021
1 directordE GROOTE Valérie
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Gross margin from €29,478 to €16,959Result from €13,003 to €9,581Equity from €61,652 to €71,233Debts from €30,508 to €35,466Cash from €31,774 to €41,647
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 65% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.30, cash €41,647
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Equity €71,233 (66.8% of total assets)
Figures for financial year 2025 (filed on 06-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 65% of them on solvency, 84% on liquidity, 48% on profitability and 63% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as INDEA has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of INDEA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for INDEA. 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
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.3 (3.96 in 2024), above the usual 1.5. Short-term debt is 21.6% and cash 39% of total assets. 33.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
6 days late
2024
7 days early
2023
34 days early
2022
33 days early
2021
33 days early
2020
31 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: dE GROOTE Valérie (manager)
Reappointment: dE GROOTE Valérie (director) · “Het uitvoeren van studie, organisatie- en adviesverleningsopdrachten inzake technische, energie-, milieu-…” (deed in Dutch) · Director discharge: dE GROOTE Valérie · General meeting of 04-12-2023 · Gazette deed
Registered office moved within Aalst
New registered office: Merestraat 73, 9300 Aalst · Previous registered office: Spaarzaamheidstraat 2 A, 9300 Aalst · General meeting of 18-09-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0891607568
First establishment
Merestraat 73, Aalst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INDEA Aalst | €106,699 | €16,959 | 66.8% | - |
| Bureau d'Etudes PELSSER INGENIEUR & ARCHITECTE Villers-la-Ville | €111,123 | €18,686 | 64.2% | - |
| EXO7 Mont-Saint-Guibert | €113,542 | €18,932 | 90.4% | - |
| STEEL ENGINEERING Namur | €117,885 | €16,984 | 30.3% | - |
| MC TECHNICS Kortrijk | €90,827 | €16,053 | 82.8% | - |
| EDOPLAN Châtelet | €115,576 | €18,118 | 70.9% | - |
| ELVÉ BOUWADVIES Genk | €93,584 | €13,945 | 97.7% | - |
These companies have the same main activity as INDEA: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €90,800 and €118,000, founded between 2004 and 2008.
Official details
Source: KBO- Status
- Active since 24-08-2007Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.165.275.4719300 Aalst, since 28-09-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 30-08-2023
Insights on INDEA
INDEA files the micro format. That format states no turnover. The gross margin rose from €14,778 in 2008 to €16,959 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 INDEA
- What is the company number of INDEA?
- The company number of INDEA is 0891.607.568. The VAT number is the same number with BE in front: BE 0891.607.568.
- Where is INDEA based?
- The registered office is at Merestraat 73, 9300 Aalst.Company details
- What does INDEA do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of INDEA?
- INDEA is a private limited company (BV).
- When was INDEA founded?
- INDEA was founded on 24-08-2007.
- Is INDEA still active?
- Yes, INDEA is an active enterprise in the KBO register.
- How many employees does INDEA have?
- INDEA had an average of 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of INDEA?
- The turnover in financial year 2025 is ≈ €76,000. This figure is estimated from the gross margin of €16,959 and 30 comparable companies (NACE 71121). It probably lies between €53,000 and €140,000. It is a rough estimate.
- Is INDEA profitable?
- In financial year 2025, INDEA made a profit of €9,581.
- Where can I find the annual accounts of INDEA?
- INDEA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INDEA due?
- INDEA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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