INDERA
ActiveSummary
INDERA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-96k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 10% of 131 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+9
Solvency25▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 1.14 in 2024; short-term debt: 100.2% and cash: 11.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-5.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-3k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
34 d early
2023
28 d early
2022
53 d early
2021
31 d early
2020
36 d early
2019
29 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€3.83M
EBIT margin
1.8%
Net result
€-96k▲ 31.2%
2024 · €-140k
2018: €2k
2019: €14k▲ +545% vs 2018
2020: €31k▲ +124% vs 2019highest in 8 years
2021: €24k▼ -23.1% vs 2020
2022: €3k▼ -89.0% vs 2021
2023: €7k▲ +166% vs 2022
2024: €-140k▼ -2103% vs 2023lowest in 8 years
2025: €-96k▲ +31.2% vs 2024
2018 → 2025
Working capital
€-7k
2024 · €136k
2018: €332k
2019: €351k▲ +5.5% vs 2018
2020: €415k▲ +18.2% vs 2019
2021: €480k▲ +15.8% vs 2020highest in 8 years
2022: €438k▼ -8.8% vs 2021
2023: €310k▼ -29.3% vs 2022
2024: €136k▼ -56.0% vs 2023
2025: €-7k▼ -105% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€226k▲ 1.2%€233k▲ 3.1%€93k▼ 60.0%€-3k
2021: €224k
2022: €226k▲ +1.2% vs 2021
2023: €233k▲ +3.1% vs 2022highest in 5 years
2024: €93k▼ -60.0% vs 2023
2025: €-3k▼ -103% vs 2024lowest in 5 years
Operating result€43k-€23k▼ 46.1%€45k▲ 94.7%€-120k€-82k▲ 31.8%
2021: €43k
2022: €23k▼ -46.1% vs 2021
2023: €45k▲ +94.7% vs 2022highest in 5 years
2024: €-120k▼ -363% vs 2023lowest in 5 years
2025: €-82k▲ +31.8% vs 2024
Net result€24k-€3k▼ 89.0%€7k▲ 166%€-140k€-96k▲ 31.2%
2021: €24khighest in 5 years
2022: €3k▼ -89.0% vs 2021
2023: €7k▲ +166% vs 2022
2024: €-140k▼ -2103% vs 2023lowest in 5 years
2025: €-96k▲ +31.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €82k in 2025 against €120k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€4k ▼ 81.4%
Current assets
€1.88M ▲ 69.4%
Key figures and ratios
EBITDA
€-68k▲
2024 · €-106k
Cash flow
€-83k▲
2024 · €-126k
Solvency
-0.2%▼
2024 · 8.3%
Current ratio
1.00▼
2024 · 1.14
Quick ratio
0.84▲
2024 · 0.81
ROA
-5.1%▲
2024 · -12.4%
Interest coverage
-3.17▲
2024 · -5.40
Debt
€1.88M▲
2024 · €1.03M
Debt ≤ 1 year
€1.88M▲
2024 · €971k
Income taxes
€661▼
2024 · €693
Staff costs
€206k▼
2024 · €231k
A ratio outside any meaningful range has been withheld (balance sheet total €1.88M, equity €-3k).
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.88M▲
Fixed assets21/28€21k€4k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€14k€1k▼
Leasing and similar rights25€14k€1k▼
Financial fixed assets28€3k-
Current assets29/58€1.11M€1.88M▲
Stocks and contracts in progress3€325k€298k▼
Stocks30/36€325k€298k▼
Amounts receivable within one year40/41€643k€1.37M▲
Trade receivables40€623k€1.35M▲
Other amounts receivable41€19k€19k▲
Cash at bank and in hand54/58€140k€208k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.88M▲
Equity10/15€93k€-3k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€108k€108k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€96k€96k=
Profit (loss) carried forward14€-140k€-236k▼
Amounts payable17/49€1.03M€1.88M▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€971k€1.88M▲
Current portion of amounts payable after more than one year42€32k€24k▼
Trade debts44€879k€1.80M▲
Suppliers440/4€879k€1.80M▲
Advances received on contracts in progress46€21k€27k▲
Taxes, remuneration and social security45€39k€37k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€33k€30k▼
Accrued charges and deferred income492/3€60k-
Income statement
Code20242025
Non-recurring operating income76A€507€132▼
Remuneration, social security and pensions62€231k€206k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€86k
Gross operating margin9900€126k€226k▲
Operating profit (loss)9901€-120k€-82k▲
Financial income75/76B€28€7k▲
Recurring financial income75€28€7k▲
Financial charges65/66B€20k€21k▲
Recurring financial charges65€20k€21k▲
Profit (loss) for the period before taxes9903€-139k€-96k▲
Income taxes67/77€693€661▼
Profit (loss) for the period9904€-140k€-96k▲
Profit (loss) for the period to be appropriated9905€-140k€-96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-140k€-236k▼
Profit (loss) brought forward from the previous period14P-€-140k
Social balance
Average headcount (FTE)90874.24.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | - | €132 | €507 | €132 | ▼ 74.0% |
| Remuneration, social security and pensions62 | €199k | €216k | €235k | €231k | €206k | ▼ 11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €14k | €13k | €14k | €14k | = |
| Other operating charges640/8 | €6k | €1k | €6k | €1k | €2k | ▲ 31.9% |
| Non-recurring operating charges66A | - | - | - | - | €86k | - |
| Gross operating margin9900 | €260k | €254k | €299k | €126k | €226k | ▲ 78.5% |
| Operating profit (loss)9901 | €43k | €23k | €45k | €-120k | €-82k | ▲ 31.8% |
| Financial income75/76B | €19k | €16k | €26 | €28 | €7k | ▲ 25,753% |
| Recurring financial income75 | €19k | €16k | €26 | €28 | €7k | ▲ 25,753% |
| Financial charges65/66B | €23k | €29k | €28k | €20k | €21k | ▲ 9.1% |
| Recurring financial charges65 | €23k | €29k | €28k | €20k | €21k | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €39k | €11k | €17k | €-139k | €-96k | ▲ 31.3% |
| Income taxes67/77 | €15k | €8k | €10k | €693 | €661 | ▼ 4.8% |
| Profit (loss) for the period9904 | €24k | €3k | €7k | €-140k | €-96k | ▲ 31.2% |
| Profit (loss) for the period to be appropriated9905 | €24k | €3k | €7k | €-140k | €-96k | ▲ 31.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.68M | €1.52M | €1.42M | €1.13M | €1.88M | ▲ 66.7% |
| Fixed assets21/28 | €55k | €41k | €34k | €21k | €4k | ▼ 81.4% |
| Intangible fixed assets21 | €1k | - | €5k | €4k | €2k | ▼ 37.5% |
| Tangible fixed assets22/27 | €50k | €38k | €26k | €14k | €1k | ▼ 90.1% |
| Leasing and similar rights25 | €50k | €38k | €26k | €14k | €1k | ▼ 90.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | - | - |
| Current assets29/58 | €2.62M | €1.47M | €1.39M | €1.11M | €1.88M | ▲ 69.4% |
| Stocks and contracts in progress3 | €247k | €257k | €252k | €325k | €298k | ▼ 8.2% |
| Stocks30/36 | €247k | €257k | €252k | €325k | €298k | ▼ 8.2% |
| Amounts receivable within one year40/41 | €2.17M | €985k | €846k | €643k | €1.37M | ▲ 113% |
| Trade receivables40 | €2.17M | €974k | €836k | €623k | €1.35M | ▲ 117% |
| Other amounts receivable41 | €5k | €11k | €10k | €19k | €19k | ▲ 0.2% |
| Cash at bank and in hand54/58 | €200k | €232k | €288k | €140k | €208k | ▲ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.68M | €1.52M | €1.42M | €1.13M | €1.88M | ▲ 66.7% |
| Equity10/15 | €224k | €226k | €233k | €93k | €-3k | ▼ 103% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Capital10 | €125k | €125k | €125k | €125k | €125k | = |
| Issued capital100 | €125k | €125k | €125k | €125k | €125k | = |
| Reserves13 | €99k | €101k | €108k | €108k | €108k | = |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €86k | €89k | €96k | €96k | €96k | = |
| Profit (loss) carried forward14 | - | - | - | €-140k | €-236k | ▼ 68.8% |
| Amounts payable17/49 | €2.45M | €1.29M | €1.19M | €1.03M | €1.88M | ▲ 82.0% |
| Amounts payable after more than one year17 | €39k | €27k | €15k | €3k | - | - |
| Financial debts170/4 | €39k | €27k | €15k | €3k | - | - |
| Amounts payable within one year42/48 | €2.14M | €1.04M | €1.08M | €971k | €1.88M | ▲ 93.9% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €32k | €32k | €24k | ▼ 25.4% |
| Trade debts44 | €2.05M | €948k | €929k | €879k | €1.80M | ▲ 104% |
| Suppliers440/4 | €2.05M | €948k | €929k | €879k | €1.80M | ▲ 104% |
| Advances received on contracts in progress46 | €38k | €22k | €78k | €21k | €27k | ▲ 31.7% |
| Taxes, remuneration and social security45 | €46k | €54k | €37k | €39k | €37k | ▼ 6.7% |
| Taxes450/3 | €14k | €19k | €3k | €6k | €6k | ▲ 9.4% |
| Remuneration and social security454/9 | €32k | €35k | €34k | €33k | €30k | ▼ 9.4% |
| Accrued charges and deferred income492/3 | €272k | €225k | €95k | €60k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €3k | €7k | €-140k | €-96k | ▲ 31.2% |
| + Depreciation and write-downs630 | €12k | €14k | €13k | €14k | €14k | = |
| Operating cash flow (approximation) | €36k | €16k | €20k | €-126k | €-83k | ▲ 34.6% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €0 | €3k | - |
| Change in cash | - | €32k | €56k | €-148k | €68k | ▲ 146% |
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 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €224k ▲11.9%
4 profitable years in a row build equity to €224k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €31k ▲124%
Operating result €70k, net result €31k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
09-06
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.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Dilsen-Stokkem · 1 establishment unit since 2004
Ground area
4.2 ha
Building footprint
1.7 ha
Volume, LiDAR
95,177 m³
Parcel 73043B0241/00H003, Flanders · tallest building 30.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
INDERA NV
since 20042.137.239.404
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0241/00H003 | Flanders | 4.2 ha | 1 · 1.7 ha | 30.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 30,798 EUR awarded · 28,298 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,500 EUR | 10,500 EUR |
| 2024 | 1 | 2,500 EUR | 2,500 EUR |
| 2023 | 2 | 14,110 EUR | 14,110 EUR |
| 2022 | 2 | 3,688 EUR | 1,188 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
WOODDESIGN BY THIERRY RAPPE
BE 0684.934.420
Gent · Eq €93k
MEUBELATELIER LOYENS
BE 0463.690.979
Lanaken · Eq €94k
FRANCIS POINT
BE 0417.923.906
Couvin · Eq €92k
BOOM
BE 0874.971.078
Enghien · Eq €95k
CONCEPT 2000
BE 0443.944.551
Waterloo · Eq €91k
Of 1,501 companies in sector 31004 we hold annual accounts for 622. 467 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Scores and ratios are computed by Checked and are not a credit decision.