INDEMO
ActiveINDEMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €54k. Equity is shrinking by ~14.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 33% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+9
Solvency58▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.4 in 2024; short-term debt: 13.6% and cash: 5.6% of total assets), and 67.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
32.8%
Return on assets
9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €197k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
35 d early
2023
on the day
2022
32 d late
2021
17 d early
2020
10 d late
2019
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€197k▲ 37.7%
2024 · €143k
2018: €727k
2019: €657k
2020: €612k
2021: €563k
2022: €500k
2023: €97k
2024: €143k
2018 → 2025
Total assets
€602k▼ 0.7%
2024 · €606k
2018: €947k
2019: €742k
2020: €714k
2021: €724k
2022: €691k
2023: €646k
2024: €606k
2018 → 2025
Net result
€54k▲ 16.1%
2024 · €47k
2018: €11k
2019: €-70k
2020: €-45k
2021: €-50k
2022: €-63k
2023: €47k
2024: €47k
2018 → 2025
Working capital
€-36k▲ 19.6%
2024 · €-44k
2018: €60k
2019: €3k
2020: €28k
2021: €-38k
2022: €-47k
2023: €-53k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€563k-€500k▼ 11.2%€97k▼ 80.6%€143k▲ 48.2%€197k▲ 37.7%
Operating result€-50k-€-61k▼ 20.4%€62k€65k▲ 4.8%€70k▲ 8.4%
Net result€-50k-€-63k▼ 27.7%€47k€47k▼ 1.1%€54k▲ 16.1%
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 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €602k
Fixed assets
€555k▼ 3.6%
Current assets
€46k▲ 56.8%
Equity and liabilities €602k
Equity
€197k▲ 37.7%
Debt
€404k▼ 12.6%
The debt ratio falls from 76.3% to 67.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96k▲
2024 · €91k
Cash flow
€79k▲
2024 · €73k
Solvency
32.8%▲
2024 · 23.7%
Current ratio
0.56▲
2024 · 0.40
Quick ratio
0.56▲
2024 · 0.40
Debt / equity
2.05▼
2024 · 3.23
ROE
27.4%▼
2024 · 32.5%
ROA
9.0%▲
2024 · 7.7%
Interest coverage
5.87▲
2024 · 4.97
Debt
€404k▼
2024 · €462k
Debt ≤ 1 year
€82k▲
2024 · €74k
Debt > 1 year
€322k▼
2024 · €388k
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€606k€602k▼
Fixed assets21/28€576k€555k▼
Tangible fixed assets22/27€576k€555k▼
Land and buildings22€527k€510k▼
Plant, machinery and equipment23€50k€45k▼
Current assets29/58€30k€46k▲
Amounts receivable within one year40/41€9k€12k▲
Trade receivables40€7k€10k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€19k€34k▲
Deferred charges and accrued income490/1€1k€819▼
Equity and liabilities
Total equity and liabilities10/49€606k€602k▼
Equity10/15€143k€197k▲
Contributions10/11€12k€12k=
Reserves13€131k€185k▲
Tax-exempt reserves132€56k€56k=
Distributable reserves133€75k€130k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€462k€404k▼
Amounts payable after more than one year17€388k€322k▼
Financial debts170/4€388k€322k▼
Amounts payable within one year42/48€74k€82k▲
Current portion of amounts payable after more than one year42€64k€66k▲
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€7k€7k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€25k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€94k€99k▲
Operating profit (loss)9901€65k€70k▲
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€47k€54k▲
Profit (loss) for the period9904€47k€54k▲
Profit (loss) for the period to be appropriated9905€47k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€54k▲
Transfer from equity791/2€0-
Transfer to equity691/2€47k€54k▲
To other reserves6921€47k€54k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €54k ▲16.1%
Operating result €70k, net result €54k, both a record.
31-12
Financial
Equity above €150kEq €197k ▲37.7%
3 profitable years in a row build equity to €197k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €143k ▲48.2%
2 profitable years in a row build equity to €143k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €47k
Net result €47k after 4 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Weakest financial yearnet €-70k ▼732%
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
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
6 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, Roeselare · 1 establishment unit since 1999
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.
Ruiterijstraat 128800 RoeselareGround area
1,696 m²
Building footprint
308 m²
Volume, LiDAR
1,528 m³
Parcel 36302B0924/00E000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INDEMO BVBA
since 19992.101.903.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0924/00E000 | Flanders | 1,696 m² | 1 · 308 m² | 6.5 m · 2 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 82,546 companies in sector 70200 we hold annual accounts for 52,562. 40,101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.