INDEXPLUS
ActiveThe computed 12-month bankruptcy probability of INDEXPLUS is 2.8% (moderate). The 2025 annual accounts show equity of €94k and a net result of €-185k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7689 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
22
/ 100
Critical▼ -57 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-1
Solvency24▼-36
Growth52=
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 1.44 in 2024), and 84.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
15.2%
Return on assets
-30%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7689 sector peers (2025).
NBB · sector comparisonPosition among 7689 sector peers
Solvency
better than 16%
← weakest
strongest →
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
71 d early
2023
40 d early
2022
68 d early
2021
29 d early
2020
31 d late
2019
31 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
2024 · €0
2018: €0
2019: €0
2021: €0
2022: €0
2024: €0
2018 → 2025
EBIT margin
Not included in this filing
Net result
€-185k
2024 · €391
2018: €868
2019: €656
2020: €-56k
2021: €-87k
2022: €-13k
2023: €-65k
2024: €391
2018 → 2025
Working capital
€50k▼ 73.6%
2024 · €190k
2018: €-122k
2019: €-73k
2020: €-116k
2021: €-104k
2022: €-107k
2023: €37k
2024: €190k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0
Equity€107k-€94k▼ 12.4%€279k▲ 197%€279k▲ 0.1%€94k▼ 66.4%
Operating result€-80k-€-9k▲ 88.5%€-42k▼ 361%€25k€-48k
Net result€-87k-€-13k▲ 84.7%€-65k▼ 387%€391€-185k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €48k after €25k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €617k
Fixed assets
€171k▼ 34.4%
Current assets
€446k▼ 28.1%
Equity and liabilities €617k
Equity
€94k▼ 66.4%
Debt
€524k▼ 13.1%
The debt ratio rises from 68.3% to 84.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€80k▼
2024 · €164k
Cash flow
€-58k▼
2024 · €139k
Solvency
15.2%▼
2024 · 31.7%
Current ratio
1.13▼
2024 · 1.44
Quick ratio
0.70▼
2024 · 1.08
Debt / equity
5.59▲
2024 · 2.16
ROE
-197.9%▼
2024 · 0.1%
ROA
-30.0%▼
2024 · 0.0%
Interest coverage
0.58▼
2024 · 6.45
Debt
€524k▼
2024 · €603k
Debt ≤ 1 year
€396k▼
2024 · €431k
Debt > 1 year
€127k▼
2024 · €170k
Income taxes
€253▲
2024 · €246
Staff costs
€243k▲
2024 · €179k
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€882k€617k▼
Fixed assets21/28€260k€171k▼
Intangible fixed assets21€153k€63k▼
Tangible fixed assets22/27€102k€101k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€24k€15k▼
Leasing and similar rights25€30k€51k▲
Other tangible fixed assets26€46k€32k▼
Financial fixed assets28€5k€6k▲
Current assets29/58€621k€446k▼
Stocks and contracts in progress3€158k€170k▲
Stocks30/36€158k€170k▲
Contracts in progress37-€0
Amounts receivable within one year40/41€297k€243k▼
Trade receivables40€297k€242k▼
Other amounts receivable41€97€165▲
Current investments50/53€160k€0▼
Cash at bank and in hand54/58€2k€30k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€882k€617k▼
Equity10/15€279k€94k▼
Contributions10/11€264k€264k=
Reserves13€227k€227k=
Non-distributable reserves130/1€160k-
Own shares acquired1312€160k-
Tax-exempt reserves132€45k€45k=
Distributable reserves133€22k€182k▲
Profit (loss) carried forward14€-212k€-398k▼
Amounts payable17/49€603k€524k▼
Amounts payable after more than one year17€170k€127k▼
Financial debts170/4€170k€127k▼
Amounts payable within one year42/48€431k€396k▼
Current portion of amounts payable after more than one year42€73k€74k▲
Financial debts43€56k-
Credit institutions430/8€56k-
Trade debts44€175k€140k▼
Suppliers440/4€175k€140k▼
Advances received on contracts in progress46€0€4k▲
Taxes, remuneration and social security45€72k€66k▼
Taxes450/3€53k€38k▼
Remuneration and social security454/9€19k€28k▲
Other amounts payable47/48€56k€114k▲
Accrued charges and deferred income492/3€2k€516▼
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€179k€243k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€139k€127k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€334-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€345k€324k▼
Operating profit (loss)9901€25k€-48k▼
Financial income75/76B€867€1k▲
Recurring financial income75€867€1k▲
Financial charges65/66B€25k€139k▲
Recurring financial charges65€25k€139k▲
Profit (loss) for the period before taxes9903€637€-185k▼
Income taxes67/77€246€253▲
Profit (loss) for the period9904€391€-185k▼
Profit (loss) for the period to be appropriated9905€391€-185k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-212k€-398k▼
Profit (loss) brought forward from the previous period14P€-213k€-212k▲
The notes to these accounts (13 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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-185k ▼47524%
Net result drops to €-185k, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €391
Net result €391 after 4 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.08
Current ratio from 0.40 to 1.08.
31-12
Financial
Equity above €200kEq €279k ▲197%
Equity rises from €94k to €279k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €107k
Equity rises from €-33k to €107k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
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.
Directors · office · real estate
Directors
8 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 · 2 establishment units since 2016
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.
Kolonel Bourgstraat 127-1291140 EvereGround area
7,534 m²
Building footprint
2,768 m²
Volume, LiDAR
25,206 m³
2 parcels, Brussels, Wallonia · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
INDEXPLUS
since 20162.250.794.235
INDEX+ Bruxelles
since 20162.259.537.004
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62332B0094/00G000 | Wallonia | 4,230 m² | 1 · 1,240 m² | 7.2 m · 2 fl. |
| 21372C0123/00R000 | Brussels | 3,304 m² | 1 · 1,528 m² | 21.8 m · 5 fl. |
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
CITY NETWORK ASSOCIATES
BE 0862.539.935
Anderlecht · Eq €94k
CTL CONTRUCT
BE 0543.587.505
Sint-Gillis (bij-Brussel) · Eq €94k
SPIDER-CONCEPT
BE 0892.940.527
Charleroi · Eq €94k
VL IMMO
BE 0764.769.576
Genappe · Eq €94k
HARDBOUW
BE 0823.321.152
Antwerpen · Eq €93k
Of 4,058 companies in sector 43240 we hold annual accounts for 1,614. 1,353 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2016
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
47400Retail sale of information and communication equipment
47410Retail trade
46646Wholesale trade
46649Wholesale of other machinery and equipment
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
71209Other technical testing and analysis
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesE-mail:mathieu.cribellier@indexplus.be
Website:www.indexplus.be
E-mail:info@indexplus.be
Phone:02 880 66 72
Fax:02 880 66 73