INDESCO
ActiveSummary
INDESCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €14k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+31
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
short-term debt: 0.3% and cash: 89.4% of total assets, and 0.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
99.7%
Return on assets
6.8%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
59 d early
2023
51 d early
2022
56 d early
2021
34 d early
2020
36 d early
2019
59 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, micro schema
Equity
€210k▲ 7.3%
2024 · €196k
2018: €90klowest in 8 years
2019: €104k▲ +15.5% vs 2018
2020: €108k▲ +3.4% vs 2019
2021: €248k▲ +130% vs 2020highest in 8 years
2022: €223k▼ -9.8% vs 2021
2023: €189k▼ -15.3% vs 2022
2024: €196k▲ +3.5% vs 2023
2025: €210k▲ +7.3% vs 2024
2018 → 2025
Total assets
€211k▲ 4.2%
2024 · €202k
2018: €230k
2019: €202k▼ -12.3% vs 2018
2020: €140k▼ -30.8% vs 2019lowest in 8 years
2021: €307k▲ +119% vs 2020highest in 8 years
2022: €249k▼ -18.9% vs 2021
2023: €190k▼ -23.7% vs 2022
2024: €202k▲ +6.6% vs 2023
2025: €211k▲ +4.2% vs 2024
2018 → 2025
Net result
€14k▲ 114%
2024 · €7k
2018: €8k
2019: €14k▲ +77.8% vs 2018
2020: €4k▼ -74.5% vs 2019
2021: €166k▲ +4563% vs 2020highest in 8 years
2022: €-24k▼ -115% vs 2021
2023: €-34k▼ -39.9% vs 2022lowest in 8 years
2024: €7k▲ +119% vs 2023
2025: €14k▲ +114% vs 2024
2018 → 2025
Working capital
€210k▲ 7.1%
2024 · €196k
2018: €1klowest in 8 years
2019: €11k▲ +757% vs 2018
2020: €27k▲ +139% vs 2019
2021: €240k▲ +795% vs 2020highest in 8 years
2022: €223k▼ -7.0% vs 2021
2023: €189k▼ -15.3% vs 2022
2024: €196k▲ +3.5% vs 2023
2025: €210k▲ +7.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€223k▼ 9.8%€189k▼ 15.3%€196k▲ 3.5%€210k▲ 7.3%
2021: €248khighest in 5 years
2022: €223k▼ -9.8% vs 2021
2023: €189k▼ -15.3% vs 2022lowest in 5 years
2024: €196k▲ +3.5% vs 2023
2025: €210k▲ +7.3% vs 2024
Operating result€241k-€-24k€-34k▼ 44.1%€6k€14k▲ 127%
2021: €241khighest in 5 years
2022: €-24k▼ -110% vs 2021
2023: €-34k▼ -44.1% vs 2022lowest in 5 years
2024: €6k▲ +118% vs 2023
2025: €14k▲ +127% vs 2024
Net result€166k-€-24k€-34k▼ 39.9%€7k€14k▲ 114%
2021: €166khighest in 5 years
2022: €-24k▼ -115% vs 2021
2023: €-34k▼ -39.9% vs 2022lowest in 5 years
2024: €7k▲ +119% vs 2023
2025: €14k▲ +114% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 127% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€353 ▲ 605%
Current assets
€210k ▲ 4.1%
Equity and liabilities €211k
Equity
€210k ▲ 7.3%
Debt
€540 ▼ 91.4%
Debt's share of the balance-sheet total falls from 3.1% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k
Cash flow
€19k
Debt to equity
0.00▼
2024 · 0.03
ROE
6.8%▲
2024 · 3.4%
ROA
6.8%▲
2024 · 3.3%
Interest coverage
60.86
Debt ≤ 1 year
€540▼
2024 · €6k
Income taxes
€674▲
2024 · €364
A ratio outside any meaningful range has been withheld (balance sheet total €211k, equity €210k).
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€211k▲
Fixed assets21/28€50€353▲
Tangible fixed assets22/27-€303
Furniture and vehicles24-€303
Financial fixed assets28€50€50=
Current assets29/58€202k€210k▲
Amounts receivable within one year40/41€18k€8k▼
Trade receivables40€16k€5k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€185k€188k▲
Deferred charges and accrued income490/1€55€14k▲
Equity and liabilities
Total equity and liabilities10/49€202k€211k▲
Equity10/15€196k€210k▲
Contributions10/11€19k€19k=
Reserves13€189k€192k▲
Distributable reserves133€189k€192k▲
Profit (loss) carried forward14€-12k€15▲
Amounts payable17/49€6k€540▼
Amounts payable within one year42/48€6k€540▼
Trade debts44€4k€129▼
Suppliers440/4€4k€129▼
Taxes, remuneration and social security45€2k€411▼
Taxes450/3€2k€411▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8€625€559▼
Gross operating margin9900€7k€19k▲
Operating profit (loss)9901€6k€14k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€244€303▲
Recurring financial charges65€244€303▲
Profit (loss) for the period before taxes9903€7k€15k▲
Income taxes67/77€364€674▲
Profit (loss) for the period9904€7k€14k▲
Profit (loss) for the period to be appropriated9905€7k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€3k▲
Profit (loss) brought forward from the previous period14P€-18k€-12k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (9 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 | €213k | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | - | - | €4k | - |
| Other operating charges640/8 | €2k | €991 | €876 | €625 | €559 | ▼ 10.6% |
| Gross operating margin9900 | €257k | €-15k | €-33k | €7k | €19k | ▲ 177% |
| Operating profit (loss)9901 | €241k | €-24k | €-34k | €6k | €14k | ▲ 127% |
| Financial income75/76B | - | - | €626 | €1k | €1k | ▲ 3.7% |
| Recurring financial income75 | - | - | €626 | €1k | €1k | ▲ 3.7% |
| Financial charges65/66B | €713 | €474 | €399 | €244 | €303 | ▲ 24.3% |
| Recurring financial charges65 | €713 | €474 | €399 | €244 | €303 | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €241k | €-24k | €-34k | €7k | €15k | ▲ 113% |
| Income taxes67/77 | €75k | €343 | €366 | €364 | €674 | ▲ 85.0% |
| Profit (loss) for the period9904 | €166k | €-24k | €-34k | €7k | €14k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €166k | €-24k | €-34k | €7k | €14k | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €307k | €249k | €190k | €202k | €211k | ▲ 4.2% |
| Fixed assets21/28 | €8k | €50 | €50 | €50 | €353 | ▲ 605% |
| Tangible fixed assets22/27 | €8k | - | - | - | €303 | - |
| Furniture and vehicles24 | €8k | - | - | - | €303 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €299k | €249k | €190k | €202k | €210k | ▲ 4.1% |
| Amounts receivable within one year40/41 | €15k | €7k | €10k | €18k | €8k | ▼ 54.8% |
| Trade receivables40 | €15k | €6k | €8k | €16k | €5k | ▼ 69.5% |
| Other amounts receivable41 | - | €1k | €2k | €1k | €3k | ▲ 150% |
| Cash at bank and in hand54/58 | €283k | €242k | €179k | €185k | €188k | ▲ 2.1% |
| Deferred charges and accrued income490/1 | €496 | €51 | €53 | €55 | €14k | ▲ 25,699% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €307k | €249k | €190k | €202k | €211k | ▲ 4.2% |
| Equity10/15 | €248k | €223k | €189k | €196k | €210k | ▲ 7.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €228k | €205k | €189k | €189k | €192k | ▲ 1.4% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €226k | €203k | €189k | €189k | €192k | ▲ 1.4% |
| Profit (loss) carried forward14 | €1k | - | €-18k | €-12k | €15 | ▲ 100% |
| Amounts payable17/49 | €59k | €25k | €291 | €6k | €540 | ▼ 91.4% |
| Amounts payable within one year42/48 | €59k | €25k | €291 | €6k | €540 | ▼ 91.4% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | - | - | - |
| Trade debts44 | €900 | €2k | €57 | €4k | €129 | ▼ 97.1% |
| Suppliers440/4 | €900 | €2k | €57 | €4k | €129 | ▼ 97.1% |
| Taxes, remuneration and social security45 | €28k | €23k | €235 | €2k | €411 | ▼ 76.8% |
| Taxes450/3 | €28k | €23k | €235 | €2k | €411 | ▼ 76.8% |
| Other amounts payable47/48 | €26k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €166k | €-24k | €-34k | €7k | €14k | ▲ 114% |
| + Depreciation and write-downs630 | €14k | €8k | - | - | €4k | - |
| Operating cash flow (approximation) | €180k | €-17k | €-34k | €7k | €19k | ▲ 179% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-5k | - |
| Change in cash | - | €-42k | €-62k | €5k | €4k | ▼ 24.3% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 12current ratio 389.95
Current ratio from 32.37 to 389.95; short-term debt falls from €6k to €540.
31-12
Financial
Equity above €200kEq €210k ▲7.3%
2 profitable years in a row build equity to €210k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 66current ratio 650.51
Current ratio from 9.88 to 650.51; short-term debt falls from €25k to €291.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €166k ▲4,563%
Operating result €241k, net result €166k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.09
Current ratio from 1.90 to 5.09.
Show earlier events
31-12
Financial
Equity above €200kEq €248k ▲130%
4 profitable years in a row build equity to €248k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €104k ▲15.5%
2 profitable years in a row build equity to €104k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Durbuy · 1 establishment unit since 2001
Ground area
7,341 m²
Building footprint
127 m²
Parcel 83016C0615/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
300
since 20012.048.695.329
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83016C0615/00L000 | Wallonia | 7,341 m² | 1 · 127 m² | - |
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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.