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INDELINE

Active
Private limited companyfounded 201214 yrs activeLodewijk De Raetstraat 10, 3920 Lommel, BelgiumKBO/BCE: BE 0845.225.633
Summary

INDELINE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €66k and a net result of €6k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 31 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability57▲+20
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.71 against 3.81 in 2025; short-term debt: 14.9% and cash: 58.6% of total assets), and 14.9% 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
85.1%
Return on assets
7.8%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 12-09-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
49 d early
2025
7 d early
2024
on the day
2023
6 d early
2022
32 d early
2021
3 d late
2020
19 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2026, micro schema

Equity
€66k▲ 10.1%
2025 · €60k
2019: €31klowest in 8 years 2020: €40k▲ +31.2% vs 2019 2021: €43k▲ +5.3% vs 2020 2022: €46k▲ +8.3% vs 2021 2023: €58k▲ +26.3% vs 2022 2024: €60k▲ +3.2% vs 2023 2025: €60k▼ -0.4% vs 2024 2026: €66k▲ +10.1% vs 2025highest in 8 years
2019 → 2026
Total assets
€78k▼ 4.6%
2025 · €81k
2019: €98k 2020: €96k▼ -1.8% vs 2019 2021: €91k▼ -5.8% vs 2020 2022: €158k▲ +73.7% vs 2021highest in 8 years 2023: €97k▼ -38.5% vs 2022 2024: €91k▼ -6.5% vs 2023 2025: €81k▼ -10.3% vs 2024 2026: €78k▼ -4.6% vs 2025lowest in 8 years
2019 → 2026
Net result
€6k
2025 · €-244
2019: €3k 2020: €10k▲ +213% vs 2019 2021: €2k▼ -77.6% vs 2020 2022: €4k▲ +64.5% vs 2021 2023: €12k▲ +242% vs 2022highest in 8 years 2024: €2k▼ -84.6% vs 2023 2025: €-244▼ -113% vs 2024lowest in 8 years 2026: €6k▲ +2585% vs 2025
2019 → 2026
Working capital
€66k▲ 10.1%
2025 · €60k
2019: €26klowest in 8 years 2020: €35k▲ +32.7% vs 2019 2021: €39k▲ +12.0% vs 2020 2022: €96k▲ +145% vs 2021highest in 8 years 2023: €58k▼ -39.4% vs 2022 2024: €60k▲ +3.4% vs 2023 2025: €60k▼ -0.6% vs 2024 2026: €66k▲ +10.1% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20222023202420252026Trend
Equity€46k-€58k▲ 26.3%€60k▲ 3.2%€60k▼ 0.4%€66k▲ 10.1% 2022: €46klowest in 5 years 2023: €58k▲ +26.3% vs 2022 2024: €60k▲ +3.2% vs 2023 2025: €60k▼ -0.4% vs 2024 2026: €66k▲ +10.1% vs 2025highest in 5 years
Operating result€6k-€18k▲ 185%€4k▼ 78.1%€604▼ 84.7%€9k▲ 1,420% 2022: €6k 2023: €18k▲ +185% vs 2022highest in 5 years 2024: €4k▼ -78.1% vs 2023 2025: €604▼ -84.7% vs 2024lowest in 5 years 2026: €9k▲ +1420% vs 2025
Net result€4k-€12k▲ 242%€2k▼ 84.6%€-244€6k 2022: €4k 2023: €12k▲ +242% vs 2022highest in 5 years 2024: €2k▼ -84.6% vs 2023 2025: €-244▼ -113% vs 2024lowest in 5 years 2026: €6k▲ +2585% vs 2025
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-5k€0€5k€10k€15k€20kOperating result 2022: €6k€6kNet result 2022: €4k€4kOperating result 2023: €18k€18kNet result 2023: €12k€12kOperating result 2024: €4k€4kNet result 2024: €2k€2kOperating result 2025: €604€604Net result 2025: €-244€-244Operating result 2026: €9k€9kNet result 2026: €6k€6k20222023202420252026€-2.5k€0€2.5k€5k€7.5k€10kOperating result 2024: €4k€3.9kNet result 2024: €2k€1.9kOperating result 2025: €604€604Net result 2025: €-244€-244Operating result 2026: €9k€9.2kNet result 2026: €6k€6.1k202420252026
The operating result recovers in 2026; 2026 is 1,420% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €78k
Equity €66k ▲ 10.1%
Debt €12k ▼ 45.9%
Debt's share of the balance-sheet total falls from 26.3% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
Current ratio
6.71▲
2025 · 3.81
Debt to equity
0.18▼
2025 · 0.36
ROE
9.2%▲
2025 · -0.4%
ROA
7.8%▲
2025 · -0.3%
Debt ≤ 1 year
€12k▼
2025 · €21k
Income taxes
€3k▲
2025 · €366
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 · 2026 against 2025 · 36 lines
Balance sheet Code20252026
Assets
Total assets20/58€81k€78k▼
Current assets29/58€81k€78k▼
Amounts receivable within one year40/41€81k€32k▼
Trade receivables40€81k€32k▼
Cash at bank and in hand54/58-€45k
Deferred charges and accrued income490/1€129€131▲
Equity and liabilities
Total equity and liabilities10/49€81k€78k▼
Equity10/15€60k€66k▲
Contributions10/11€12k€12k=
Reserves13€48k€54k▲
Distributable reserves133€48k€54k▲
Amounts payable17/49€21k€12k▼
Amounts payable within one year42/48€21k€12k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Other amounts payable47/48€8k€2k▼
Income statement Code20252026
Non-recurring operating income76A€4k-
Other operating charges640/8€642€462▼
Gross operating margin9900€1k€10k▲
Operating profit (loss)9901€604€9k▲
Financial income75/76B€9€93▲
Recurring financial income75€9€93▲
Financial charges65/66B€491€134▼
Recurring financial charges65€491€134▼
Profit (loss) for the period before taxes9903€122€9k▲
Income taxes67/77€366€3k▲
Profit (loss) for the period9904€-244€6k▲
Profit (loss) for the period to be appropriated9905€-244€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-244€6k▲
Transfer from equity791/2€244-
Transfer to equity691/2-€6k
To other reserves6921-€6k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20222023202420252026Change
Non-recurring operating income76A---€4k--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k----
Other operating charges640/8€898€1k€539€642€462▼ 28.1%
Gross operating margin9900€9k€21k€4k€1k€10k▲ 674%
Operating profit (loss)9901€6k€18k€4k€604€9k▲ 1,420%
Financial income75/76B€405--€9€93▲ 924%
Recurring financial income75€405--€9€93▲ 924%
Financial charges65/66B€2k€353€393€491€134▼ 72.7%
Recurring financial charges65€2k€353€393€491€134▼ 72.7%
Profit (loss) for the period before taxes9903€5k€18k€4k€122€9k▲ 7,406%
Income taxes67/77€2k€6k€2k€366€3k▲ 739%
Profit (loss) for the period9904€4k€12k€2k€-244€6k▲ 2,585%
Profit (loss) for the period to be appropriated9905€4k€12k€2k€-244€6k▲ 2,585%
Line20222023202420252026Change
Assets
Total assets20/58€158k€97k€91k€81k€78k▼ 4.6%
Fixed assets21/28€1k-----
Tangible fixed assets22/27€1k-----
Furniture and vehicles24€1k-----
Current assets29/58€156k€97k€91k€81k€78k▼ 4.6%
Stocks and contracts in progress3€10k-€8k---
Stocks30/36€10k-€8k---
Amounts receivable within one year40/41€106k€96k€82k€81k€32k▼ 60.6%
Trade receivables40€106k€92k€82k€81k€32k▼ 60.6%
Other amounts receivable41-€4k----
Cash at bank and in hand54/58€40k€1k€821-€45k-
Deferred charges and accrued income490/1€517€113€124€129€131▲ 2.0%
Equity and liabilities
Total equity and liabilities10/49€158k€97k€91k€81k€78k▼ 4.6%
Equity10/15€46k€58k€60k€60k€66k▲ 10.1%
Contributions10/11€12k€12k€12k€12k€12k=
Reserves13€34k€46k€48k€48k€54k▲ 12.8%
Non-distributable reserves130/1€2k€2k----
Reserves not available under the articles1311€2k€2k----
Distributable reserves133€32k€44k€48k€48k€54k▲ 12.8%
Amounts payable17/49€111k€39k€31k€21k€12k▼ 45.9%
Amounts payable within one year42/48€60k€39k€30k€21k€12k▼ 45.9%
Financial debts43-€3k€8€3k--
Credit institutions430/8-€3k€8€3k--
Trade debts44€2k€7k€5k€2k€5k▲ 115%
Suppliers440/4€2k€7k€5k€2k€5k▲ 115%
Taxes, remuneration and social security45€18k€10k€7k€9k€5k▼ 42.7%
Taxes450/3€18k€1k€6k€9k€5k▼ 42.7%
Remuneration and social security454/9-€9k€1k---
Other amounts payable47/48€40k€18k€19k€8k€2k▼ 72.9%
Accrued charges and deferred income492/3€52k-€92---
Line20222023202420252026Change
Profit (loss) for the period9904€4k€12k€2k€-244€6k▲ 2,585%
+ Depreciation and write-downs630€2k€1k----
Operating cash flow (approximation)€6k€14k€2k€-244€6k▲ 2,585%
Change in cash-€-39k€-333---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
12-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial Back to profitnet €6k
Net result €6k after one loss-making year.
2025
24-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Weakest financial yearnet €-244
Net result drops to €-244, the lowest in the series; recovery starts the following year.
2024
31-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Highest result since 2019net €12k ▲242%
Operating result €18k, net result €12k, both a record.
2022
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
12-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
09-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Lommel · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
2,751 m²
Building footprint
796 m²
Volume, LiDAR
5,241 m³
Parcel 72020C1399/00V005, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Indeline
Lodewijk De Raetstraat 10, 3920 LommelManufacture of fabricated metal products, except machinery and equipment
since 20122.208.577.855
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72020C1399/00V005 Flanders 2,751 m² 1 · 796 m² 7.6 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.

Similar companies · same sector, comparable size

Of 44 companies in sector 25631 we hold annual accounts for 33. 17 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
Founded13-04-2012
Fiscal year end31-03
Activities, NACEBEL 2025
25631Manufacture of fabricated metal products, except machinery and equipment
25639Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail raf.vromans@indeline.be

Scores and ratios are computed by Checked and are not a credit decision.