INDELLO
INDELLO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28k and a net result of €6k. Equity is growing by ~60.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 97 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €28k |
| Net result | €6k |
| Better than sector | 31% |
| Active | 5 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.1% | 19.9% | |
| Net result | €6k | €-9k | |
| Equity | €28k | €151k | |
| Gross operating margin | €71k | €101k | |
| Total assets | €1.35M | €1.02M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €60k | €73k | €39k | €58k | €9k |
| Net profit | €6k | €30k | €-3k | €22k | €-77k |
| Cash flow | €48k | €62k | €28k | €47k | €3k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €1.35M | €1.28M | €1.23M | €1.25M | €1.06M |
| Equity | €28k | €22k | €-7k | €-4k | €-27k |
| Debt | €1.32M | €1.26M | €1.24M | €1.25M | €1.08M |
| of which ≤ 1y | €591k | €494k | €393k | €328k | €132k |
| of which > 1y | €729k | €765k | €846k | €925k | €952k |
| Working capital | €-459k | €-363k | €-323k | €-223k | €-98k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.22 | 0.26 | 0.18 | 0.32 | 0.26 |
| Quick ratio | 0.08 | 0.16 | 0.08 | 0.18 | 0.26 |
| Working capital ratio | -34.0% | -28.3% | -26.2% | -17.8% | -9.3% |
| Solvency | 2.1% | 1.7% | -0.6% | -0.3% | -2.5% |
| Debt / equity | 46.44 | 56.74 | -169.53 | -288.66 | -35.79 |
| Long-term debt ratio | 25.62 | 34.45 | -115.66 | -213.08 | -35.79 |
| Interest coverage | 4.64 | 6.70 | 3.47 | 5.25 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.5% | 2.3% | -0.2% | 1.8% | -7.2% |
| ROE | 21.9% | 132.9% | 40.6% | -512.4% | 288.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.35M | €1.28M | €1.23M | €1.25M | €1.06M |
| Fixed assets | 21/28 | €1.22M | €1.15M | €1.16M | €1.14M | €1.02M |
| Tangible fixed assets | 22/27 | €1.22M | €1.15M | €1.16M | €1.14M | €1.02M |
| Current assets | 29/58 | €133k | €131k | €69k | €106k | €34k |
| Stocks & contracts in progress | 3 | €85k | €50k | €39k | €46k | - |
| Amounts receivable within one year | 40/41 | €32k | €31k | €23k | €42k | €25k |
| Cash & bank | 54/58 | €0 | €33k | €4k | €15k | €6k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.35M | €1.28M | €1.23M | €1.25M | €1.06M |
| Equity | 10/15 | €28k | €22k | €-7k | €-4k | €-27k |
| Contributions / capital | 10/11 | €50k | €50k | €50k | €50k | - |
| Accumulated profits (losses) | 14 | €-22k | €-28k | €-57k | €-54k | €-77k |
| Amounts payable | 17/49 | €1.32M | €1.26M | €1.24M | €1.25M | €1.08M |
| Amounts payable after one year | 17 | €729k | €765k | €846k | €925k | €952k |
| Amounts payable within one year | 42/48 | €591k | €494k | €393k | €328k | €132k |
| Trade debts payable within one year | 44 | €10k | €10k | €7k | €8k | €14k |
| Income statement | ||||||
| Gross operating margin | 9900 | €71k | €88k | €49k | €67k | €10k |
| Operating result | 9901 | €18k | €40k | €8k | €33k | €-71k |
| Financial income | 75 | €977 | €241 | €0 | €0 | €71 |
| Financial charges | 65 | €13k | €11k | €11k | €11k | €6k |
| Result before taxes | 9903 | €6k | €30k | €-3k | €22k | €-77k |
| Net result for the period | 9904 | €6k | €30k | €-3k | €22k | €-77k |
| Result to be appropriated | 9905 | €6k | €30k | €-3k | €22k | €-77k |
| NACE primary | Manufacture of beverages(11020) |
| Legal form | Private limited company(610) |
| Incorporation | 28-09-2020 |
| Status | Active |
| Postal code | 9080 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008A0569/00F000 | Flanders | 2,564 m² | 1 · 315 m² | 11.9 m · 2 fl. |
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.
19-01-2023 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Joost EEMAN",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-01-19",
"filing_date": "2023-01-17",
"act_kind_objet": "akte"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-09-26",
"unanimous": true
},
"agm_change": {
"new_schedule": null,
"old_schedule": null,
"effective_from_year": null,
"rule_changes_summary": "De algemene vergadering heeft de tekst van artikel 3 van de statuten aangepast om het voorwerp van de vennootschap te wijzigen en uit te breiden."
},
"detected_kind": "agm_rules_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0755.326.132",
"name_full": "INDELLO",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | INDELLO |