INDIANO

Active

Private limited company (pre-2019)founded 2006active for 20 yearsBacchuslaan 40, 2140 Antwerpen, BelgiumKBO/BCE: BE 0880.233.923

Summary

The computed 12-month bankruptcy probability of INDIANO is 4.9% (elevated). The 2025 annual accounts show negative equity (-€48,518) and a net result of -€57,658. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 9% of 5,027 sector peers (NACE 47, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

INDIANOActiveChecked score 34/100

Risk analysis Report Compare

Activity

Other non-specialised retail sale

NACE 47120

1 site

Size

€351,962total assets 2025

Equity: -€48,518
Loss: -€57,658

Financial health

34 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.9%

Structure

2025 accounts filed 61 days late1 of 3 deeds summarised

Why 34raises riskLoss of €57,658 (financial year 2025)Last filed accounts filed 61 days late; 2 of the last 3 lateLiquidity: current ratio 0.88, cash €60lowers riskSize: total assets €351,962Show the evidence

Checked score

Score 2025

34 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 6% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 11-17

equity -13.8% of total assets

Liquidity 0=

short-term debt 113.8% · cash 0.0%

Profitability 0-38

return on assets -16.4%

Bankruptcy probability, 12 months

4.9% 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% (40,263 companies, NACE 47, micro)

Last 24 months 11-2024: 2.6% 12-2024: 2.6%● unchanged vs 11-2024 01-2025: 2.6%● unchanged vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.6%● unchanged vs 02-2025 04-2025: 2.7%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%▼ -1.5 percentage points vs 04-2025 06-2025: 1.1%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 1.4%▲ +0.3 percentage points vs 06-2025 08-2025: 1.9%▲ +0.5 percentage points vs 07-2025 09-2025: 1.5%▼ -0.4 percentage points vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.4%▼ -0.1 percentage points vs 05-2026 07-2026: 1.3%▼ -0.1 percentage points vs 06-2026 08-2026: 2.3%▲ +1.0 percentage point vs 07-2026 09-2026: 2.5%▲ +0.2 percentage points vs 08-2026 10-2026: 4.9%▲ +2.4 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.88, compared with 1.03 in 2024, below 1; short-term debt: 113.8% and cash: 0% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 15% on solvency, 1% on liquidity, 6% on profitability and 1% on growth.

The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Six signals.

lowers riskraises risk

Loss of €57,658 (financial year 2025)

NBB · annual accounts

Size: total assets €351,962

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Last filed accounts filed 61 days late; 2 of the last 3 late

NBB · filings

Liquidity: current ratio 0.88, cash €60

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€48,518

2025 accounts filed 61 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 filings

Deviation from the deadline

2025

61 days late

2024

28 days late

2023

43 days late

2022

37 days late

2021

74 days late

2020

40 days late

2019

67 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 50 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 September (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-09-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€57,658
28-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€48,518 View
Caution: From profit to loss in 2025after €1,068 in 2024 -€57,658 View
Caution: Among the weakest 9% on solvencysector median 36.1% · 5,027 companies -13.8% View
Caution: Latest accounts filed lateafter the legal deadline 61 days View

By topic

Financials

Financial year: 2025
Total assets: €351,962
Loss: -€57,658
Solvency: -13.8%

Total assets▼ 3.1%

Net result

20182025

Go to Financials

Timeline

Events: 24
Since: 2007
Next accounts: by 31-07-2027

12-09-2024Annual accounts filed
31-12-2023Back to profit
06-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company (pre-2019)
Activity: Other non-specialised retail saleNACE 47120
Founded: 21-03-2006
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about INDIANO

What is the company number of INDIANO?: 0880.233.923. In Belgium the VAT number is the company number with BE in front: BE 0880.233.923.
Where is INDIANO based?: The registered office is at Bacchuslaan 40, 2140 Antwerpen.Company details
What does INDIANO do?: According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
What is the legal form of INDIANO?: Private limited company (pre-2019) (BVBA).
When was INDIANO founded?: On 21-03-2006.
Is INDIANO still active?: Yes, INDIANO is an active enterprise in the KBO register.
What is the turnover of INDIANO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is INDIANO profitable?: In financial year 2025, INDIANO made a loss of €57,658.
Where can I find the annual accounts of INDIANO?: INDIANO filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of INDIANO due?: By 31-07-2027, for financial year 2026.Timeline