INDELINE
ActiveSummary
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 2026Solvency, 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 dateAge against the risk zone
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 filingsDeviation 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 monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
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
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
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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| 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 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
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
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
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.
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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.