INDEMO
ActiveSummary
INDEMO has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,485 and a net result of €54,117. Equity has been shrinking by about 14% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 33% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-09-1999 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.101.903.787 8800 Roeselare, since 14-12-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2026
Board and ownership
- BV Procon InternationalDirector · since 01-08-2023 · permanent representative Christophe Declerck
- PROCON INTERNATIONAL100%31-03-2026 annual accounts of PROCON INTERNATIONAL
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €99,361
- ▲ 5.8%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €54,117
- ▲ 16.1%
- Equity
- €197,485
- ▲ 37.7%
- Total assets
- €601,725
- ▼ 0.7%
Score breakdownraises riskLiquidity: current ratio 0.56, cash €33,574lowers riskSize: total assets €601,725Sector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 32% of them on solvency, 45% on liquidity, 45% on profitability and 76% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 24 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 8% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €514,721 | €452,623 | €388,464 |
| Mortgages, amount registered | - | - | €27,500 | €27,500 | €27,500 |
| Mortgage mandates | - | - | €544,500 | €544,500 | €544,500 |
| Carrying value of the mortgaged assets | - | - | €544,641 | €526,730 | €510,129 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €47,135 | €8,792 | €15,967 | - | €4,431 |
| Depreciation and write-downs of the year | €24,031 | €26,079 | €25,189 | €26,367 | €25,331 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €19,538 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,688 | €24,327 | €23,550 | €24,031 | €26,079 | €25,189 | €26,367 | €25,331 | ▼ 3.9% |
| Other operating charges640/8 | - | - | - | €3,542 | €3,943 | €2,724 | €2,526 | €3,603 | ▲ 42.6% |
| Non-recurring operating charges66A | - | - | - | €1,050 | €0 | - | - | - | - |
| Gross operating margin9900 | €42,742 | -€39,776 | -€16,118 | -€21,860 | -€30,747 | €89,902 | €93,883 | €99,361 | ▲ 5.8% |
| Operating profit (loss)9901 | €14,239 | -€68,103 | -€42,881 | -€50,483 | -€60,769 | €61,990 | €64,990 | €70,427 | ▲ 8.4% |
| Financial income75/76B | - | - | - | €2,102 | €0 | €0 | €9 | €0 | ▼ 100% |
| Recurring financial income75 | €1,148 | €1,050 | €1,050 | €2,102 | €0 | €0 | €9 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €1,200 | €2,542 | €14,830 | €18,369 | €16,310 | ▼ 11.2% |
| Recurring financial charges65 | €4,120 | €2,738 | €2,875 | €1,200 | €2,542 | €14,830 | €18,369 | €16,310 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €11,267 | -€69,791 | -€44,705 | -€49,581 | -€63,311 | €47,160 | €46,630 | €54,117 | ▲ 16.1% |
| Income taxes67/77 | €208 | €142 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €11,059 | -€69,933 | -€44,705 | -€49,581 | -€63,311 | €47,160 | €46,630 | €54,117 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €11,059 | -€69,933 | -€44,705 | -€49,581 | -€63,311 | €47,160 | €46,630 | €54,117 | ▲ 16.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €946,916 | €741,853 | €714,307 | €723,655 | €690,822 | €646,356 | €605,853 | €601,725 | ▼ 0.7% |
| Fixed assets21/28 | €667,568 | €654,060 | €640,746 | €647,110 | €629,823 | €602,677 | €576,310 | €555,410 | ▼ 3.6% |
| Tangible fixed assets22/27 | €656,408 | €637,320 | €624,006 | €647,110 | €629,823 | €602,677 | €576,310 | €555,410 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €581,188 | €562,712 | €544,641 | €526,730 | €510,129 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €65,921 | €64,166 | €58,036 | €49,580 | €45,280 | ▼ 8.7% |
| Furniture and vehicles24 | - | - | - | - | €2,946 | €0 | - | - | - |
| Financial fixed assets28 | €11,160 | €16,740 | €16,740 | - | - | - | - | - | - |
| Current assets29/58 | €279,348 | €87,792 | €73,561 | €76,546 | €60,999 | €43,679 | €29,543 | €46,315 | ▲ 56.8% |
| Amounts receivable within one year40/41 | €81,170 | €78,621 | €69,780 | €69,749 | €52,001 | €35,930 | €8,802 | €11,923 | ▲ 35.4% |
| Trade receivables40 | - | - | - | €19,211 | €11,126 | €35,927 | €6,901 | €9,956 | ▲ 44.3% |
| Other amounts receivable41 | - | - | - | €50,538 | €40,875 | €3 | €1,901 | €1,967 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €194,708 | €6,974 | €2,731 | €5,747 | €7,464 | €5,872 | €19,487 | €33,574 | ▲ 72.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,050 | €1,534 | €1,876 | €1,254 | €819 | ▼ 34.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €946,916 | €741,853 | €714,307 | €723,655 | €690,822 | €646,356 | €605,853 | €601,725 | ▼ 0.7% |
| Equity10/15 | €727,108 | €657,176 | €612,470 | €562,889 | €499,579 | €96,738 | €143,368 | €197,485 | ▲ 37.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €714,708 | €644,776 | €600,070 | €550,489 | €487,179 | €84,338 | €130,968 | €185,085 | ▲ 41.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €55,500 | €55,500 | €55,500 | €55,500 | €55,500 | = |
| Distributable reserves133 | - | - | - | €493,129 | €429,819 | €28,838 | €75,468 | €129,585 | ▲ 71.7% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €219,807 | €84,677 | €101,837 | €160,766 | €191,244 | €549,617 | €462,485 | €404,240 | ▼ 12.6% |
| Amounts payable after more than one year17 | - | - | €56,377 | €46,598 | €83,235 | €452,623 | €388,464 | €322,171 | ▼ 17.1% |
| Financial debts170/4 | - | - | - | €46,598 | €83,235 | €452,623 | €388,464 | €322,171 | ▼ 17.1% |
| Amounts payable within one year42/48 | €219,807 | €84,677 | €45,460 | €114,168 | €108,009 | €96,995 | €74,021 | €82,068 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,779 | €23,448 | €62,099 | €64,158 | €66,293 | ▲ 3.3% |
| Trade debts44 | €24,208 | €5,212 | €5,723 | €15,020 | €9,298 | €2,156 | €3,051 | €8,960 | ▲ 194% |
| Suppliers440/4 | - | - | - | €15,020 | €9,298 | €2,156 | €3,051 | €8,960 | ▲ 194% |
| Taxes, remuneration and social security45 | - | - | - | €780 | €2,156 | €10,740 | €6,811 | €6,815 | ▲ 0.1% |
| Taxes450/3 | - | - | - | €780 | €2,156 | €10,740 | €6,811 | €6,815 | ▲ 0.1% |
| Other amounts payable47/48 | - | - | - | €88,589 | €73,107 | €22,000 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,059 | -€69,933 | -€44,705 | -€49,581 | -€63,311 | €47,160 | €46,630 | €54,117 | ▲ 16.1% |
| + Depreciation and write-downs630 | €25,688 | €24,327 | €23,550 | €24,031 | €26,079 | €25,189 | €26,367 | €25,331 | ▼ 3.9% |
| Operating cash flow (approximation) | €36,747 | -€45,605 | -€21,155 | -€25,550 | -€37,232 | €72,349 | €72,997 | €79,448 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€10,820 | -€10,236 | -€30,395 | -€8,792 | €1,957 | €0 | -€4,431 | - |
| Change in cash | - | -€187,734 | -€4,242 | €3,015 | €1,718 | -€1,592 | €13,615 | €14,087 | ▲ 3.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as INDEMO has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of INDEMO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for INDEMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00344319 | |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00203464 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00330787 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00441344 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20183534 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47800169 | |
| 31-12-2019 | micro format | 10-08-2020 | 2020-40200540 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40800486 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-41400257 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-34000422 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- PROCON INTERNATIONAL
- INDEMO
Owners 1
- PROCON INTERNATIONALparentEquity €1.1m Profit of €471,287 in 2026 (profit of €977,495 in 2025)100%
Capital transactions
- 11-07-2023 Converted to unavailable equity · €14,260
- 11-07-2023 Converted to uncalled contributions · €6,200
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV Procon International |
|
| Christophe Declerck |
|
| Jan Mortier |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”“Bestuursorgaan, 22”“22, statutair of niet-statutair benoemd”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid, elke overdracht onder levenden ten bezwarende/kosteloze…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “29, gewone meerderheid”
Articles of association, deed of 11-07-2023 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of INDEMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-04
Gazette deed
Resignation: Christophe Declerck (director)Appointment: BV Procon International (director) · Permanent representative: Christophe Declerck · Director discharge6 points ▸
- General meeting, 01-08-2023
- Director resignation, Christophe Declerck (director (not named in the articles))
- Director discharge, Christophe Declerck (director (not named in the articles))
- Director appointment, BV Procon International (director (not named in the articles))
- Permanent representative, Christophe Declerck
- Other provision, “kennisname en akkoord algemene vergadering met benoeming vaste vertegenwoordiger” (deed in Dutch)
11-07
Gazette deed
Resignation: DECLERCK Christophe (director)Reappointment: DECLERCK Christophe (director) · Amendment of the articles · Registered office clause17 points ▸
- Amendment of the articles, mentioned 3 times in the deed
- Amendment of the articles, 1
- Amendment of the articles, 2
- Registered office clause, “8800 Roeselare,Ruiterijstraat 12” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigenvermogenspost niet-opgevraagde inbrengen” (deed in Dutch)
- Capital, mentioned 2 times in the deed
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “uitkeringen uit winst lopende boekjaar of winst voorgaande boekjaar zolang jaarrekening nog niet goedgekeurd, delegatie interim-uitkeringen aan bestuursorgaan” (deed in Dutch)
- Director in office, DECLERCK Christophe (gemachtigd te besturen en vertegenwoordigen)
- Other provision, “raad van toezicht”, / (deed in Dutch)
- Other provision, “doel bovenop vermogensvoordeel aan vennoten”, / (deed in Dutch)
- The act holds 5 more points.
01-06
Gazette deed
Legal-form change · Resignations & appointmentsResignation: Jan Mortier (director) · Permanent representative: Jan Mortier · Appointment: Christophe Declerck (director)6 points ▸
- General meeting, 15-05-2023
- Director resignation, Jan Mortier (director)
- Liquidation closure, 22-12-2016
- Permanent representative, Jan Mortier
- Other provision, “onterechte weergave als bestuurder in Kruispuntbank der ondernemingen, Kruispuntbank der ondernemingen” (deed in Dutch)
- Director appointment, Christophe Declerck (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
11 activities
- Het beheer en het bestuur van en de adviesverlening aan bedrijven en vennootschappen.
- Het verlenen van adviezen en het uitvoeren van consulting-opdrachten, onder ander met betrekking tot de productie en verkoop van verlichtingselementen, bouwsystemen en aanverwanten.
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden; daartoe behoren techno-consult, assistentie op gebied van engineering, technisch, commercieel, administratief en financieel beheer en advies.
- Advies, bijstand en know-how verlenen in alle domeinen waarin zij competent is, zoals marketing, promotie, ontwikkeling, research, design, handel en productie, secretariaat, bedrijfs- en financieel beheer, en al wat daarmede rechtstreeks of onrechtstreeks verband houdt.
- Een patrimonium bestaande uit eigen roerende en onroerende goederen te verwerven, te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden.
- Het verwerven en huren met het oog op het verhuren en onderverhuren van onroerende goederen en eigen roerende installaties.
- Het optreden als commissionair, tussenpersoon, zowel voor eigen rekening als voor rekening van derden bij alle commerciële activiteiten. Tussenpersoon in de handel in het algemeen.
- Het stellen van persoonlijke of zakelijke borgen in het voordeel van derden.
- Het nemen van participaties onder welke vorm ook, in alle bestaande en op te richten vennootschappen en ondernemingen, het beheren en valoriseren van eigen roerende waarden en participaties, het verlenen van financiële en andere bijstand aan de vennootschappen en ondernemingen waarin ze belangen heeft.
- Binnen het kader van haar voorwerp zal de vennootschap mogen overgaan in België of in het buitenland voor eigen rekening of voor deze van derden, tot het verwerven, vervreemden, opschikken, uitrusten, valoriseren, bouwen, huren en verhuren van alle onroerende goederen, al dan niet gemeubeld.
- De vennootschap mag zowel in het binnen- als in het buitenland alle daden van industriële, financiële, roerende en onroerende aard evenals alle handelsverrichtingen stellen die van aard zijn de verwezenlijking van het voorwerp geheel of ten dele te vergemakkelijken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36302B0924/00E000 | Flanders | 1,696 m² | 1 · 308 m² | 6.5 m · 2 |