Skip to content

INDI

Active
Private limited companyfounded 2016active for 10 yearsDrieslaan 4, 3440 Zoutleeuw, BelgiumKBO/BCE: BE 0648.619.204
Summary

The computed 12-month bankruptcy probability of INDI is 4.6% (elevated). The 2024 annual accounts show negative equity (-€60,690) and a net result of €27,965. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 13% of 25,567 sector peers (NACE 47, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 12-02-2016 Normal situation
Activity
Retail sale of beverages, general range NACE 47252
Establishment units
2.250.343.877 3440 Zoutleeuw, since 12-02-2016
2.279.740.520 1190 Vorst, since 01-09-2018
Financial year end
31 December
Peppol
Reachable since 06-10-2026

Board and ownership

Board
  • ALPINIDirector · permanent representative Alexandre INDEKEU
  • INDEKEU PIERREDirector
Shareholders
  • ALPINI· score 942025 annual accounts of ALPINI

Financial position

40 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.6%
Annual accounts 2024
Gross margin
€96,311
Turnover
≈ €740,000
estimated
Profit
€27,965
Equity
-€60,690
▲ 31.5%
Total assets
€145,660
▲ 50.3%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 28-08-2025)Liquidity: current ratio 2.661 financial year not filed after the legal deadline; last filed accounts filed 22 days late2 establishment unitsShow the evidence

Checked score

Score 2024
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 61% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2023
Average
Solvency 0=
equity -41.7% of total assets
Liquidity 66+17
short-term debt 37.4%
Profitability 93+93
return on assets 19.2%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 2.5% 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.4%▼ -0.1 percentage points vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.3%▼ -0.1 percentage points vs 05-2025 07-2025: 2.4%▲ +0.1 percentage points vs 06-2025 08-2025: 2.9%▲ +0.5 percentage points vs 07-2025 09-2025: 2.0%▼ -0.9 percentage points vs 08-2025 10-2025: 2.0%● unchanged vs 09-2025 11-2025: 2.0%● unchanged vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 2.0%● unchanged vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 1.9%▼ -0.1 percentage points vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026lowest value 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 2.5%▲ +0.6 percentage points vs 07-2026 09-2026: 3.0%▲ +0.5 percentage points vs 08-2026 10-2026: 4.6%▲ +1.6 percentage points vs 09-2026highest value 11-2026: 4.6%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is ample, with a current ratio of 2.66 (3.8 in 2023), above the usual 1.5. Short-term debt is 37.4% of total assets. However, equity is negative.
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 47, micro). It does better than 6% of them on solvency, 72% on liquidity, 87% on profitability and 80% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
raises risk
raises risk · Figures for financial year 2024 (filed on 28-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.66
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 22 days late
NBB · filings
raises risk · 2 establishment units
KBO · seat and establishments
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 25567 sector peers (2024).
NBB · sector comparison
Position among 25567 sector peers
Solvency
better than 13%
← 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, 95 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 22 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 9 filings
Deviation from the deadline
2025
not filed
2024
22 days late
2023
20 days late
2022
23 days late
2021
61 days late
2020
191 days late
2019
115 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 72 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€60,690 View
  • Positive: Back in profit in 2024after a loss of €25,729 in 2023 €27,965 View
  • Caution: Less equity than 92% of companies in retail tradesector median €39,284 · 25,624 companies -€60,690 View

Recent changes

  1. · Gazette deed Resignation: DELVA Félix (director)Appointment: ALPINI (director) · Permanent representative: Alexandre INDEKEU
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as INDI: retail sale of beverages, general range (NACE 47252). They are comparable in size and age: total assets between €132,000 and €201,000, founded between 2014 and 2019.

CompanyTotal assetsGross margin
INDI Zoutleeuw€145,660€96,311
PANCHAKANYA Mouscron€177,967€92,434
JOMACO AUTOMATEN & DRANKENCENTRUM Bree€187,972€99,148
Kdesign Beerse€201,188€123,566
ALI INVEST Elsene€138,405€74,015
MAJIL Elsene€131,951€153,021
Force Majeure Genk€144,984€81,250
Full comparison

Key facts about INDI

What is the company number of INDI?
The company number of INDI is 0648.619.204. The VAT number is the same number with BE in front: BE 0648.619.204.
Where is INDI based?
The registered office is at Drieslaan 4, 3440 Zoutleeuw.Company details
What does INDI do?
According to the KBO register, the main activity is retail sale of beverages, general range (NACE 47252).
What is the legal form of INDI?
The legal form of INDI is Private limited company (BV).
When was INDI founded?
INDI was founded on 12-02-2016.
Is INDI still active?
Yes, INDI is an active enterprise in the KBO register.
What is the turnover of INDI?
The turnover in financial year 2024 is ≈ €740,000. This figure is estimated from the gross margin of €96,311 and 45 comparable companies (NACE 472). It probably lies between €410,000 and €980,000.Financials
Is INDI profitable?
In financial year 2024, INDI made a profit of €27,965.
Where can I find the annual accounts of INDI?
INDI filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.