INDI
ActiveThe computed 12-month bankruptcy probability of INDI is 1.6% (moderate). The 2024 annual accounts show negative equity (€-61k) and a net result of €28k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 26053 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+93
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.66 against 3.8 in 2023; short-term debt: 37.4% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
-41.7%
Return on assets
19.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 26053 sector peers (2024).
NBB · sector comparisonPosition among 26053 sector peers
Solvency
better than 13%
← 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 22-08-2025, 22 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
20 d late
2022
23 d late
2021
61 d late
2020
191 d late
2019
115 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-61k▲ 31.5%
2023 · €-89k
2018: €-41k
2019: €-34k
2020: €-49k
2021: €-65k
2022: €-63k
2023: €-89k
2018 → 2024
Total assets
€146k▲ 50.3%
2023 · €97k
2018: €122k
2019: €130k
2020: €109k
2021: €137k
2022: €81k
2023: €97k
2018 → 2024
Net result
€28k
2023 · €-26k
2018: €-59k
2019: €-19k
2020: €-15k
2021: €-16k
2022: €2k
2023: €-26k
2018 → 2024
Working capital
€91k▲ 28.4%
2023 · €71k
2018: €36k
2019: €65k
2020: €57k
2021: €47k
2022: €54k
2023: €71k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-49k-€-65k▼ 31.6%€-63k▲ 2.8%€-89k▼ 40.9%€-61k▲ 31.5%
Operating result€-17k-€-17k▼ 1.4%€-120▲ 99.3%€-26k▼ 21,930%€28k
Net result€-15k-€-16k▼ 4.8%€2k€-26k€28k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €28k after a loss of €26k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146k
Fixed assets
€650▼ 46.8%
Current assets
€145k▲ 51.5%
Key figures and ratios
EBITDA
€29k▲
2023 · €-24k
Cash flow
€29k▲
2023 · €-24k
Solvency
-41.7%▲
2023 · -91.5%
Current ratio
2.66▼
2023 · 3.80
Quick ratio
1.28▲
2023 · 0.81
Debt / equity
-3.40▼
2023 · -2.09
ROA
19.2%▲
2023 · -26.5%
Interest coverage
201.44▲
2023 · -93.43
Debt
€206k▲
2023 · €186k
Debt ≤ 1 year
€54k▲
2023 · €25k
Debt > 1 year
€152k▼
2023 · €160k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€97k€146k▲
Fixed assets21/28€1k€650▼
Intangible fixed assets21€215-
Tangible fixed assets22/27€1k€650▼
Furniture and vehicles24€1k€650▼
Current assets29/58€96k€145k▲
Stocks and contracts in progress3€75k€75k=
Stocks30/36€75k€75k=
Amounts receivable within one year40/41€13k€70k▲
Trade receivables40€8k€68k▲
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€7k-
Equity and liabilities
Total equity and liabilities10/49€97k€146k▲
Equity10/15€-89k€-61k▲
Contributions10/11€44k€44k=
Profit (loss) carried forward14€-132k€-104k▲
Amounts payable17/49€186k€206k▲
Amounts payable after more than one year17€160k€152k▼
Financial debts170/4€160k€152k▼
Amounts payable within one year42/48€25k€54k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€10k€33k▲
Suppliers440/4€10k€33k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€600
Remuneration and social security454/9-€4k
Other amounts payable47/48€16k€16k=
Income statement
Code20232024
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€572▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€67k
Other operating charges640/8€1k€221▼
Gross operating margin9900€-23k€96k▲
Operating profit (loss)9901€-26k€28k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€261€142▼
Recurring financial charges65€261€142▼
Profit (loss) for the period before taxes9903€-26k€28k▲
Income taxes67/77€160-
Profit (loss) for the period9904€-26k€28k▲
Profit (loss) for the period to be appropriated9905€-26k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-104k▲
Profit (loss) brought forward from the previous period14P€-107k€-132k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.19
Current ratio from 1.57 to 3.19; short-term debt falls from €83k to €25k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 191 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zoutleeuw · 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.
Drieslaan 43440 ZoutleeuwGround area
415 m²
Building footprint
308 m²
Volume, LiDAR
2,545 m³
2 parcels, Brussels, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
INDI
since 20162.250.343.877
INDI
since 20182.279.740.520
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24036A0406/00L000 | Flanders | 227 m² | 1 · 227 m² | 12.4 m · 3 fl. |
| 21383B0098/00B005 | Brussels | 189 m² | 1 · 81 m² | 14.1 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZoutleeuw2.250.343.877
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Of 1,509 companies in sector 47252 we hold annual accounts for 652. 332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2016
Fiscal year end31-12
Activities, NACEBEL
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.