INDEV
ActiveSummary
INDEV has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€9,263) and a net result of €3,441. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▲+10
Solvency10▲+3
Growth22=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.5 against 1.36 in 2023; short-term debt: 34% and cash: 9.1% of total assets), but equity is negative.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-15.5%
Return on assets
5.7%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
190 d late
2022
70 d late
2021
74 d late
2020
132 d late
2018
125 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 108 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€120,360▼ 17.1%
2022 · €145,133
EBIT margin
3.3%▲ 21.1pp
2022 · -17.9%
Net result
€3,441▲ 164%
2023 · €1,301
Working capital
€10,262▼ 46.3%
2023 · €19,127
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€195,165-€232,338▲ 19.0%€145,133▼ 37.5%€120,360▼ 17.1%
Operating result€9,581-€5,951▼ 37.9%-€25,908€3,923€5,132▲ 30.8%
Net result€7,162-€1,752▼ 75.5%-€31,652€1,301€3,441▲ 164%
EBIT margin4.9%-2.6%▼ 2.3pp-17.9%▼ 20.4pp3.3%▲ 21.1pp
Equity€30,365-€32,117▲ 5.8%€465▼ 98.6%-€12,704-€9,263▲ 27.1%
Total assets€99,457-€75,365▼ 24.2%€34,918▼ 53.7%€72,172▲ 107%€59,901▼ 17.0%
Debt€69,092-€43,248▼ 37.4%€34,453▼ 20.3%€84,876▲ 146%€69,165▼ 18.5%
Working capital€13,909-€25,393▲ 82.6%€415▼ 98.4%€19,127▲ 4,509%€10,262▼ 46.3%
Staff (FTE)
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,901
Fixed assets
€29,280 ▲ 17,226%
Current assets
€30,621 ▼ 57.5%
Key figures and ratios
EBITDA
€8,210
Cash flow
€6,519
Solvency
-15.5%▲
2023 · -17.6%
Current ratio
1.50▲
2023 · 1.36
Debt to equity
-7.47▼
2023 · -6.68
ROA
5.7%▲
2023 · 1.8%
Interest coverage
-26.62
Debt ≤ 1 year
€20,359▼
2023 · €52,876
Debt > 1 year
€16,806
Income taxes
€2,000=
2023 · €2,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €195,165 | €232,338 | €145,133 | €120,360 | - | - |
| Non-recurring operating income76A | - | - | €950 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €149,891 | €114,008 | €115,906 | - | - |
| Remuneration, social security and pensions62 | - | €68,310 | €51,264 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,817 | €6,817 | €6,674 | - | €3,078 | - |
| Other operating charges640/8 | - | €1,369 | €45 | €531 | €4,123 | ▲ 676% |
| Gross operating margin9900 | €77,370 | €82,447 | €32,075 | €4,454 | €12,333 | ▲ 177% |
| Operating profit (loss)9901 | €9,581 | €5,951 | -€25,908 | €3,923 | €5,132 | ▲ 30.8% |
| Financial income75/76B | - | - | €1 | - | €1 | - |
| Recurring financial income75 | €17 | - | €1 | - | €1 | - |
| Financial charges65/66B | - | €735 | €636 | €622 | -€308 | ▼ 150% |
| Recurring financial charges65 | €436 | €735 | €636 | €622 | -€308 | ▼ 150% |
| Profit (loss) for the period before taxes9903 | €9,162 | €5,216 | -€26,543 | €3,301 | €5,441 | ▲ 64.8% |
| Income taxes67/77 | €2,000 | €3,464 | €5,109 | €2,000 | €2,000 | = |
| Profit (loss) for the period9904 | €7,162 | €1,752 | -€31,652 | €1,301 | €3,441 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €7,162 | €1,752 | -€31,652 | €1,301 | €3,441 | ▲ 164% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,457 | €75,365 | €34,918 | €72,172 | €59,901 | ▼ 17.0% |
| Fixed assets21/28 | €16,456 | €6,724 | €50 | €169 | €29,280 | ▲ 17,226% |
| Tangible fixed assets22/27 | €13,491 | €6,674 | - | €119 | €29,230 | ▲ 24,463% |
| Furniture and vehicles24 | - | €6,674 | - | €119 | €29,230 | ▲ 24,463% |
| Financial fixed assets28 | €2,965 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €83,001 | €68,641 | €34,868 | €72,003 | €30,621 | ▼ 57.5% |
| Amounts receivable within one year40/41 | €72,214 | €61,026 | €22,225 | €63,937 | €24,841 | ▼ 61.1% |
| Trade receivables40 | - | €59,476 | €18,913 | €62,387 | €24,841 | ▼ 60.2% |
| Other amounts receivable41 | - | €1,550 | €3,312 | €1,550 | - | - |
| Cash at bank and in hand54/58 | €10,435 | €7,262 | €12,290 | €7,713 | €5,428 | ▼ 29.6% |
| Deferred charges and accrued income490/1 | - | €353 | €353 | €353 | €353 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,457 | €75,365 | €34,918 | €72,172 | €59,901 | ▼ 17.0% |
| Equity10/15 | €30,365 | €32,117 | €465 | -€12,704 | -€9,263 | ▲ 27.1% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €3,000 | €3,000 | = |
| Capital10 | - | €18,550 | - | - | - | - |
| Issued capital100 | - | €18,550 | - | - | - | - |
| Outside capital11 | - | - | €18,550 | €3,000 | €3,000 | = |
| Other1109/19 | - | - | €18,550 | €3,000 | €3,000 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €9,960 | €11,712 | -€19,940 | -€17,559 | -€14,118 | ▲ 19.6% |
| Amounts payable17/49 | €69,092 | €43,248 | €34,453 | €84,876 | €69,165 | ▼ 18.5% |
| Amounts payable after more than one year17 | - | - | - | - | €16,806 | - |
| Financial debts170/4 | - | - | - | - | €16,806 | - |
| Amounts payable within one year42/48 | €69,092 | €43,248 | €34,453 | €52,876 | €20,359 | ▼ 61.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,135 | - |
| Trade debts44 | €28,753 | €16,578 | €10,298 | €7,773 | €10,159 | ▲ 30.7% |
| Suppliers440/4 | - | €16,578 | €10,298 | €7,773 | €10,159 | ▲ 30.7% |
| Taxes, remuneration and social security45 | - | €1,282 | €588 | €3,543 | €2,953 | ▼ 16.6% |
| Taxes450/3 | - | €1,282 | €588 | €2,386 | €2,953 | ▲ 23.8% |
| Remuneration and social security454/9 | - | - | - | €1,157 | - | - |
| Other amounts payable47/48 | - | €25,388 | €23,567 | €41,560 | €111 | ▼ 99.7% |
| Accrued charges and deferred income492/3 | - | - | - | €32,000 | €32,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,162 | €1,752 | -€31,652 | €1,301 | €3,441 | ▲ 164% |
| + Depreciation and write-downs630 | €6,817 | €6,817 | €6,674 | - | €3,078 | - |
| Operating cash flow (approximation) | €13,979 | €8,569 | -€24,978 | €1,301 | €6,519 | ▲ 401% |
| Investment in fixed assets (approximation) | - | €2,915 | €0 | -€119 | -€32,190 | ▼ 26,950% |
| Change in cash | - | -€3,173 | €5,028 | -€4,577 | -€2,285 | ▲ 50.1% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2023
31-12
Financial
Back to profitnet €1,301
Net result €1,301 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€31,652
Net result drops to -€31,652, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 132 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 125 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 108 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 198 days late
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 142 days late
2015
15-07
NBB filing
Annual accounts filed
fiscal year 2014 · full 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, Evere · 1 establishment unit since 2009
Ground area
5,400 m²
Building footprint
2,319 m²
Volume, LiDAR
13,728 m³
2 parcels, Brussels · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INDEV
since 20092.182.144.464
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0102/00W000 | Brussels | 3,902 m² | 1 · 1,917 m² | 8.4 m · 2 fl. |
| 21372D0102/00R000 | Brussels | 1,498 m² | 1 · 402 m² | 12.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 109 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
Founded27-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.