Indelec is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €433k and a net result of €12k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 28% of 5521 sector peers (fiscal year 2025). The company has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
42 d early
2022
55 d early
2021
18 d early
2020
41 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€433k▲ 2.7%
2024 · €422k
2019: €416k
2020: €420k
2021: €407k
2022: €407k
2023: €411k
2024: €422k
2019 → 2025
Net result
€12k▲ 11.9%
2024 · €10k
2019: €3k
2020: €4k
2021: €-13k
2022: €310
2023: €4k
2024: €10k
2019 → 2025
Total assets
€1.57M▼ 2.2%
2024 · €1.61M
2019: €1.60M
2020: €1.62M
2021: €1.61M
2022: €1.59M
2023: €1.58M
2024: €1.61M
2019 → 2025
Solvency
27.6%▲ 1.3pp
2024 · 26.3%
2019: 26.1%
2020: 26.0%
2021: 25.4%
2022: 25.7%
2023: 26.0%
2024: 26.3%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€407k-€407k▲ 0.1%€411k▲ 0.9%€422k▲ 2.5%€433k▲ 2.7%
Operating result€16k-€31k▲ 96.7%€36k▲ 17.8%€46k▲ 26.4%€46k▼ 0.1%
Net result€-13k-€310€4k▲ 1,135%€10k▲ 169%€12k▲ 11.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€1.49M=
Current assets
€81k▼ 29.6%
Equity and liabilities €1.57M
Equity
€433k▲ 2.7%
Debt
€1.14M▼ 3.9%
The debt ratio falls from 73.7% to 72.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
27.6%▲
2024 · 26.3%
ROE
2.7%▲
2024 · 2.4%
ROA
0.7%▲
2024 · 0.6%
Debt
€1.14M▼
2024 · €1.18M
Debt ≤ 1 year
€316k▼
2024 · €362k
Debt > 1 year
€800k=
2024 · €800k
Income taxes
€5k▲
2024 · €5k
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€1.61M€1.57M▼
Fixed assets21/28€1.49M€1.49M=
Tangible fixed assets22/27€1k€754▼
Furniture and vehicles24€1k€754▼
Financial fixed assets28€1.49M€1.49M=
Current assets29/58€116k€81k▼
Amounts receivable within one year40/41€54k€40k▼
Trade receivables40€54k€40k▼
Cash at bank and in hand54/58€60k€39k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.57M▼
Equity10/15€422k€433k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€249k€260k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€240k€251k▲
Profit (loss) carried forward14€111k€111k=
Amounts payable17/49€1.18M€1.14M▼
Amounts payable after more than one year17€800k€800k=
Financial debts170/4€800k€800k=
Amounts payable within one year42/48€362k€316k▼
Trade debts44€68k€40k▼
Suppliers440/4€68k€40k▼
Taxes, remuneration and social security45€32k€14k▼
Taxes450/3€25k€14k▼
Remuneration and social security454/9€7k€0▼
Other amounts payable47/48€262k€262k=
Accrued charges and deferred income492/3€21k€21k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€550▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€55k€49k▼
Operating profit (loss)9901€46k€46k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€31k€29k▼
Recurring financial charges65€31k€29k▼
Profit (loss) for the period before taxes9903€15k€17k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€10k€12k▲
Profit (loss) for the period to be appropriated9905€10k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€123k▲
Profit (loss) brought forward from the previous period14P€101k€111k▲
Transfer to equity691/2€302€12k▲
To other reserves6921€302€12k▲
The notes to these accounts (9 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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €12k ▲11.9%
Net result €12k, the highest in the series.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €310
Net result €310 after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-13k ▼399%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-01
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.
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, Izegem · 1 establishment unit since 1971
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentseheerweg 1428870 IzegemGround area
1,502 m²
Building footprint
365 m²
Volume, LiDAR
2,680 m³
Parcel 36493B0161/00Z006, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INDELEC NV
since 19712.117.832.276
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0161/00Z006 | Flanders | 1,502 m² | 1 · 365 m² | 13.6 m · 3 fl. |
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 24,728 companies in sector 64210 we hold annual accounts for 19,760. 13,708 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1971
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.