INDES
ActiveINDES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €-3k. Equity is shrinking by ~67.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+3
Solvency12▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.19 in 2024; short-term debt: 112.8% and cash: 3.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-12.8%
Return on assets
-7.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 €-5k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
34 d early
2022
56 d early
2021
54 d early
2020
65 d early
2019
118 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k▼ 144%
2024 · €-2k
2018: €31k
2019: €414
2020: €7k
2021: €12k
2022: €5k
2023: €2k
2024: €-2k
2018 → 2025
Total assets
€38k▼ 5.3%
2024 · €40k
2018: €76k
2019: €55k
2020: €55k
2021: €54k
2022: €43k
2023: €40k
2024: €40k
2018 → 2025
Net result
€-3k▲ 31.2%
2024 · €-4k
2018: €913
2019: €-31k
2020: €7k
2021: €5k
2022: €-6k
2023: €-3k
2024: €-4k
2018 → 2025
Working capital
€-36k▼ 6.0%
2024 · €-34k
2018: €-9k
2019: €-37k
2020: €-30k
2021: €-23k
2022: €-28k
2023: €-30k
2024: €-34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€5k▼ 54.4%€2k▼ 59.7%€-2k€-5k▼ 144%
Operating result€5k-€-6k€-3k▲ 50.8%€-4k▼ 27.5%€-4k▲ 6.9%
Net result€5k-€-6k€-3k▲ 50.4%€-4k▼ 32.2%€-3k▲ 31.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€31k▼ 2.6%
Current assets
€7k▼ 16.2%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-3k
Cash flow
€-2k▲
2024 · €-3k
Solvency
-12.8%▼
2024 · -5.0%
Current ratio
0.15▼
2024 · 0.19
Quick ratio
0.15▼
2024 · 0.19
Debt / equity
-8.78▲
2024 · -21.07
ROA
-7.6%▲
2024 · -10.4%
Interest coverage
-27.72▼
2024 · -20.09
Debt
€43k▲
2024 · €42k
Debt ≤ 1 year
€43k▲
2024 · €42k
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€40k€38k▼
Fixed assets21/28€32k€31k▼
Tangible fixed assets22/27€32k€31k▼
Land and buildings22€31k€31k▼
Plant, machinery and equipment23€570€390▼
Furniture and vehicles24€343€0▼
Current assets29/58€8k€7k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€2k€4k▲
Cash at bank and in hand54/58€5k€1k▼
Deferred charges and accrued income490/1€985€1k▲
Equity and liabilities
Total equity and liabilities10/49€40k€38k▼
Equity10/15€-2k€-5k▼
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-17k€-20k▼
Amounts payable17/49€42k€43k▲
Amounts payable within one year42/48€42k€43k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€1k€126▼
Taxes450/3€1k€126▼
Other amounts payable47/48€37k€41k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€741€825▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-145€-93▲
Operating profit (loss)9901€-4k€-4k▲
Financial income75/76B-€965
Recurring financial income75-€965
Financial charges65/66B€163€105▼
Recurring financial charges65€163€105▼
Profit (loss) for the period before taxes9903€-4k€-3k▲
Profit (loss) for the period9904€-4k€-3k▲
Profit (loss) for the period to be appropriated9905€-4k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-20k▼
Profit (loss) brought forward from the previous period14P€-13k€-17k▼
The notes to these accounts (4 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 484 days late
2019
31-12
Financial
Weakest financial yearnet €-31k ▼3454%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 100 days late
2017
28-06
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.
Directors · office · real estate
Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 1990
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.
Ijzerenweglei 2D2640 MortselGround area
986 m²
Building footprint
204 m²
Volume, LiDAR
1,321 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ijzerenweglei 2 D, 2640 Mortsel
since 19902.049.969.492
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0269/00V002 | Flanders | 540 m² | 1 · 204 m² | 10.2 m · 2 fl. |
| 11029A0269/00L002 | Flanders | 447 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
I.O.F.
BE 0455.137.163
Kluisbergen · Eq €2k
DK DINNER
BE 0689.841.531
Oostende · Eq €2k
SOFIMAR
BE 0884.582.887
Lanaken · Eq €2k
JOLUX
BE 0463.296.645
Sint-Martens-Latem · Eq €3k
AE FURNITURE
BE 0451.671.392
Antwerpen · Eq €3k
Of 679 companies in sector 46494 we hold annual accounts for 530. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-1990
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
51471
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.