Indegla Construct
ActiveSummary
Indegla Construct has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €11k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 28% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+8
Solvency51▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.87 in 2024; short-term debt: 21% and cash: 0.1% of total assets), but 73.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
26.2%
Return on assets
1.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
33 d early
2023
47 d early
2022
44 d early
2021
33 d early
2020
31 d early
2019
48 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€157k▲ 7.5%
2024 · €146k
2018: €131klowest in 8 years
2019: €133k▲ +1.1% vs 2018
2020: €134k▲ +1.3% vs 2019
2021: €136k▲ +1.4% vs 2020
2022: €143k▲ +4.9% vs 2021
2023: €144k▲ +0.8% vs 2022
2024: €146k▲ +1.6% vs 2023
2025: €157k▲ +7.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€601k▼ 5.8%
2024 · €638k
2018: €480klowest in 8 years
2019: €524k▲ +9.2% vs 2018
2020: €582k▲ +11.2% vs 2019
2021: €791k▲ +35.9% vs 2020highest in 8 years
2022: €780k▼ -1.4% vs 2021
2023: €674k▼ -13.6% vs 2022
2024: €638k▼ -5.3% vs 2023
2025: €601k▼ -5.8% vs 2024
2018 → 2025
Net result
€11k▲ 390%
2024 · €2k
2018: €15khighest in 8 years
2019: €1k▼ -90.6% vs 2018
2020: €2k▲ +23.1% vs 2019
2021: €2k▲ +13.1% vs 2020
2022: €7k▲ +245% vs 2021
2023: €1k▼ -83.1% vs 2022lowest in 8 years
2024: €2k▲ +99.8% vs 2023
2025: €11k▲ +390% vs 2024
2018 → 2025
Working capital
€65k▼ 37.8%
2024 · €105k
2018: €118k
2019: €182k▲ +53.5% vs 2018highest in 8 years
2020: €170k▼ -6.1% vs 2019
2021: €137k▼ -19.6% vs 2020
2022: €126k▼ -8.2% vs 2021
2023: €108k▼ -14.6% vs 2022
2024: €105k▼ -2.2% vs 2023
2025: €65k▼ -37.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€143k▲ 4.9%€144k▲ 0.8%€146k▲ 1.6%€157k▲ 7.5%
2021: €136klowest in 5 years
2022: €143k▲ +4.9% vs 2021
2023: €144k▲ +0.8% vs 2022
2024: €146k▲ +1.6% vs 2023
2025: €157k▲ +7.5% vs 2024highest in 5 years
Operating result€7k-€19k▲ 188%€16k▼ 17.4%€17k▲ 6.0%€29k▲ 73.9%
2021: €7klowest in 5 years
2022: €19k▲ +188% vs 2021
2023: €16k▼ -17.4% vs 2022
2024: €17k▲ +6.0% vs 2023
2025: €29k▲ +73.9% vs 2024highest in 5 years
Net result€2k-€7k▲ 245%€1k▼ 83.1%€2k▲ 99.8%€11k▲ 390%
2021: €2k
2022: €7k▲ +245% vs 2021
2023: €1k▼ -83.1% vs 2022lowest in 5 years
2024: €2k▲ +99.8% vs 2023
2025: €11k▲ +390% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 74% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601k
Fixed assets
€409k ▼ 0.6%
Current assets
€192k ▼ 15.3%
Equity and liabilities €601k
Equity
€157k ▲ 7.5%
Debt
€444k ▼ 9.8%
Debt's share of the balance-sheet total falls from 77.1% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▲
2024 · €58k
Cash flow
€48k▲
2024 · €44k
Current ratio
1.52▼
2024 · 1.87
Quick ratio
0.75▼
2024 · 0.78
Debt to equity
2.82▼
2024 · 3.36
ROE
7.0%▲
2024 · 1.5%
ROA
1.8%▲
2024 · 0.4%
Interest coverage
4.74▲
2024 · 4.07
Debt ≤ 1 year
€126k▲
2024 · €121k
Debt > 1 year
€307k▼
2024 · €363k
Income taxes
€5k▲
2024 · €2k
Staff costs
€1k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€638k€601k▼
Fixed assets21/28€412k€409k▼
Tangible fixed assets22/27€412k€409k▼
Land and buildings22€361k€341k▼
Plant, machinery and equipment23€20k€47k▲
Furniture and vehicles24€31k€21k▼
Financial fixed assets28€135€135=
Current assets29/58€226k€192k▼
Stocks and contracts in progress3€132k€97k▼
Contracts in progress37€132k€97k▼
Amounts receivable within one year40/41€83k€72k▼
Trade receivables40€69k€38k▼
Other amounts receivable41€14k€35k▲
Current investments50/53-€18k
Cash at bank and in hand54/58€7k€417▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€638k€601k▼
Equity10/15€146k€157k▲
Contributions10/11€19k€19k=
Reserves13€128k€139k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€50k€50k=
Distributable reserves133€78k€89k▲
Amounts payable17/49€492k€444k▼
Amounts payable after more than one year17€363k€307k▼
Financial debts170/4€339k€307k▼
Other amounts payable178/9€24k€0▼
Amounts payable within one year42/48€121k€126k▲
Current portion of amounts payable after more than one year42€33k€48k▲
Financial debts43€13k€18k▲
Credit institutions430/8€13k€18k▲
Trade debts44€39k€45k▲
Suppliers440/4€39k€45k▲
Taxes, remuneration and social security45€12k€15k▲
Taxes450/3€10k€13k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€25k€0▼
Accrued charges and deferred income492/3€8k€10k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€37k▼
Other operating charges640/8€3k€8k▲
Gross operating margin9900€61k€75k▲
Operating profit (loss)9901€17k€29k▲
Financial income75/76B€2k€751▼
Recurring financial income75€2k€751▼
Financial charges65/66B€14k€14k▼
Recurring financial charges65€14k€14k▼
Profit (loss) for the period before taxes9903€4k€16k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€2k€11k▲
Profit (loss) for the period to be appropriated9905€2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€11k▲
Transfer to equity691/2€2k€11k▲
To other reserves6921€2k€11k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €229 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €508 | €93 | €0 | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €47k | €40k | €42k | €37k | ▼ 12.0% |
| Other operating charges640/8 | - | €3k | €3k | €3k | €8k | ▲ 192% |
| Gross operating margin9900 | €57k | €69k | €59k | €61k | €75k | ▲ 23.0% |
| Operating profit (loss)9901 | €7k | €19k | €16k | €17k | €29k | ▲ 73.9% |
| Financial income75/76B | - | €3k | €5k | €2k | €751 | ▼ 53.5% |
| Recurring financial income75 | €3k | €3k | €5k | €2k | €751 | ▼ 53.5% |
| Financial charges65/66B | - | €15k | €18k | €14k | €14k | ▼ 3.4% |
| Recurring financial charges65 | €8k | €15k | €18k | €14k | €14k | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €2k | €7k | €3k | €4k | €16k | ▲ 302% |
| Income taxes67/77 | €186 | €290 | €1k | €2k | €5k | ▲ 186% |
| Profit (loss) for the period9904 | €2k | €7k | €1k | €2k | €11k | ▲ 390% |
| Profit (loss) for the period to be appropriated9905 | €2k | €7k | €1k | €2k | €11k | ▲ 390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €791k | €780k | €674k | €638k | €601k | ▼ 5.8% |
| Fixed assets21/28 | €474k | €466k | €439k | €412k | €409k | ▼ 0.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €473k | €466k | €438k | €412k | €409k | ▼ 0.6% |
| Land and buildings22 | - | €400k | €380k | €361k | €341k | ▼ 5.4% |
| Plant, machinery and equipment23 | - | €30k | €23k | €20k | €47k | ▲ 132% |
| Furniture and vehicles24 | - | €36k | €35k | €31k | €21k | ▼ 31.0% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €318k | €314k | €235k | €226k | €192k | ▼ 15.3% |
| Stocks and contracts in progress3 | €241k | €217k | €134k | €132k | €97k | ▼ 26.3% |
| Contracts in progress37 | - | €217k | €134k | €132k | €97k | ▼ 26.3% |
| Amounts receivable within one year40/41 | €69k | €68k | €72k | €83k | €72k | ▼ 12.6% |
| Trade receivables40 | - | €50k | €55k | €69k | €38k | ▼ 45.7% |
| Other amounts receivable41 | - | €19k | €17k | €14k | €35k | ▲ 155% |
| Current investments50/53 | - | - | - | - | €18k | - |
| Cash at bank and in hand54/58 | €5k | €25k | €25k | €7k | €417 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €4k | €4k | ▼ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €791k | €780k | €674k | €638k | €601k | ▼ 5.8% |
| Equity10/15 | €136k | €143k | €144k | €146k | €157k | ▲ 7.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €118k | €124k | €125k | €128k | €139k | ▲ 8.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €50k | €50k | €50k | €50k | = |
| Distributable reserves133 | - | €72k | €73k | €78k | €89k | ▲ 14.2% |
| Amounts payable17/49 | €655k | €637k | €530k | €492k | €444k | ▼ 9.8% |
| Amounts payable after more than one year17 | €473k | €445k | €396k | €363k | €307k | ▼ 15.3% |
| Financial debts170/4 | - | €422k | €372k | €339k | €307k | ▼ 9.4% |
| Other amounts payable178/9 | - | €24k | €24k | €24k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €181k | €188k | €127k | €121k | €126k | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | €50k | €49k | €33k | €48k | ▲ 43.5% |
| Financial debts43 | - | - | - | €13k | €18k | ▲ 41.8% |
| Credit institutions430/8 | - | - | - | €13k | €18k | ▲ 41.8% |
| Trade debts44 | €35k | €41k | €45k | €39k | €45k | ▲ 16.7% |
| Suppliers440/4 | - | €41k | €45k | €39k | €45k | ▲ 16.7% |
| Taxes, remuneration and social security45 | - | €7k | €10k | €12k | €15k | ▲ 27.3% |
| Taxes450/3 | - | €7k | €10k | €10k | €13k | ▲ 30.3% |
| Remuneration and social security454/9 | - | - | - | €2k | €2k | ▲ 11.1% |
| Other amounts payable47/48 | - | €90k | €23k | €25k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €4k | €6k | €8k | €10k | ▲ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €7k | €1k | €2k | €11k | ▲ 390% |
| + Depreciation and write-downs630 | €47k | €47k | €40k | €42k | €37k | ▼ 12.0% |
| Operating cash flow (approximation) | €49k | €54k | €41k | €44k | €48k | ▲ 8.6% |
| Investment in fixed assets (approximation) | - | €-40k | €-12k | €-15k | €-34k | ▼ 133% |
| Change in cash | - | €20k | €393 | €-18k | €-7k | ▲ 61.6% |
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
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €150kEq €157k ▲7.5%
8 profitable years in a row build equity to €157k.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €1k ▼83.1%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herk-de-Stad · 1 establishment unit since 2009
Ground area
1,944 m²
Building footprint
157 m²
Volume, LiDAR
874 m³
Parcel 71051C0631/00F002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Indegla Construct
since 20092.181.803.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051C0631/00F002 | Flanders | 1,944 m² | 1 · 157 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesIndegla Construct BV35893
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,584 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
Founded05-10-2009
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
43343Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.