Equity
-€9,263
Debts exceed assets in financial year 2024.
INDEV
Lifetime
15 annual accounts with figures on one time axispeak €89,613 (2018)
€12,333▲ 177%
lowest -€31,652 (2022)
€3,441▲ 164%
peak €32,117 (2021)
-€9,263▲ €3,441
€69,165▼ 18.5%
peak 2 FTE (2012)
-not published
Board1 name since 2023
1 directorJANSSENS Fabrice
Documentsfilings and deeds
26-09-202557 days late
2024micro format
Gross margin from €4,454 to €12,333Result from €1,301 to €3,441Equity from -€12,704 to -€9,263Debts from €84,876 to €69,165Investments €32,190
Key points
from the 2024 annual accountsTurnover
≈ €65,000 estimated
The accounts state no turnover.
Debts
€69,165 115% of the balance sheet
Financial debts 24%Suppliers 15%Taxes and wages 4%Other 57%
Of this, €20,359 falls due within a year.
Investments
€32,190 10.5 × depreciation
Green is investment, beige is depreciation.
Filings
15 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€9,263
Less equity than 95% of companies in computer programming and consultancy. Sector median €73,748 · 20,549 companies.
Checked score
54
Fair
Financially stronger than 30% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 2.7%▲ +1.2 percentage points vs 12-2024highest value
02-2025: 2.7%● unchanged vs 01-2025highest value
03-2025: 1.8%▼ -0.9 percentage points vs 02-2025
04-2025: 1.7%▼ -0.1 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.5%▼ -0.2 percentage points vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.1 percentage points vs 07-2025
09-2025: 1.8%▲ +0.1 percentage points vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 0.5%▼ -1.3 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.4%▼ -0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.8%▲ +0.1 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Figures for financial year 2024 (filed on 01-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 3 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €59,901
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 62, micro). It does better than 7% of them on solvency, 21% on liquidity, 22% on profitability and 70% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as INDEV has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INDEV itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,632 companies, not a prediction for INDEV. 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.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 1.5 (1.36 in 2023), above the usual 1.5. Short-term debt is 34% and cash 9.1% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 20537 sector peers (2024).
NBB · sector comparisonPosition among 20537 sector peers
Solvency
better than 7%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 57 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
57 days late
2023
190 days late
2022
70 days late
2021
74 days late
2020
132 days late
2018
125 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 108 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0820080164
Capital decrease of €15,550 to €3,000
Capital from €18,550 to €3,000 · Appointment: JANSSENS Fabrice (director) · General meeting of 29-03-2023 · Gazette deed
Incorporation
published on 06-11-2009 · Gazette deed
First establishment
Kareelovenlaan 3, Evere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INDEV Evere | €59,901 | €12,333 | -15.5% | - |
| AversusB Overijse | €59,878 | €12,188 | 60.0% | - |
| Logic IT Wemmel | €61,462 | €10,997 | 65.8% | - |
| OOBOX Chaumont-Gistoux | €57,139 | €13,900 | 24.0% | - |
| BELGIUM MANAGEMENT CONDOMINIUM TOOLS Brussels | €81,714 | €12,118 | 68.1% | - |
| FTM SERVICES La Louvière | €80,135 | €12,748 | 12.2% | - |
| MAKE YOUR POINT Rixensart | €59,865 | €9,974 | 93.7% | - |
These companies have the same main activity as INDEV: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €57,100 and €81,700, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 27-10-2009Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 1 other
- Establishment unit
- 2.182.144.4641140 Evere, since 23-10-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Insights on INDEV
INDEV files the micro format. That format states no turnover. The gross margin rose from -€2,575 in 2009 to €12,333 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INDEV
- What is the company number of INDEV?
- The company number of INDEV is 0820.080.164. The VAT number is the same number with BE in front: BE 0820.080.164.
- Where is INDEV based?
- The registered office is at Kareelovenlaan 3C, 1140 Evere.Company details
- What does INDEV do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of INDEV?
- INDEV is a private limited company (BV).
- When was INDEV founded?
- INDEV was founded on 27-10-2009.
- Is INDEV still active?
- Yes, INDEV is an active enterprise in the KBO register.
- What is the turnover of INDEV?
- The turnover in financial year 2024 is ≈ €65,000. This figure is estimated from the gross margin of €12,333 and 136 comparable companies (NACE 62). It probably lies between €32,000 and €130,000. It is a rough estimate. In financial year 2023 turnover was €120,360.Financials
- Is INDEV profitable?
- In financial year 2024, INDEV made a profit of €3,441.
- Where can I find the annual accounts of INDEV?
- INDEV filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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