INDICAP
ActiveThe computed 12-month bankruptcy probability of INDICAP is 1.9% (moderate). The 2025 annual accounts show negative equity (€-17k) and a net result of €-5k. Equity is shrinking by ~53.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 18024 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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 →
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€17k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
39 d late
2023
30 d late
2022
21 d early
2021
38 d early
2020
122 d early
2019
32 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-17k▼ 42.8%
2024 · €-12k
2018: €14k
2019: €8k
2020: €5k
2021: €-1k
2022: €-3k
2023: €-7k
2024: €-12k
2018 → 2025
Total assets
€1k▲ 31.8%
2024 · €811
2018: €15k
2019: €9k
2020: €5k
2021: €2k
2022: €359
2023: €547
2024: €811
2018 → 2025
Net result
€-5k▼ 8.4%
2024 · €-5k
2018: €181
2019: €-5k
2020: €-4k
2021: €-6k
2022: €-7k
2023: €-4k
2024: €-5k
2018 → 2025
Working capital
€-17k▼ 42.8%
2024 · €-12k
2018: €14k
2019: €8k
2021: €-1k
2022: €-3k
2023: €-7k
2024: €-12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€-3k▼ 177%€-7k▼ 122%€-12k▼ 65.4%€-17k▼ 42.8%
Operating result€-5k-€-7k▼ 25.9%€-4k▲ 47.0%€-4k▼ 20.8%€-5k▼ 7.5%
Net result€-6k-€-7k▼ 20.3%€-4k▲ 44.6%€-5k▼ 19.2%€-5k▼ 8.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €4k in 2024; the loss grows.
Key figures and ratios
Debt
€18k▲
2024 · €13k
Debt ≤ 1 year
€18k▲
2024 · €13k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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€811€1k▲
Current assets29/58€811€1k▲
Amounts receivable within one year40/41€688€927▲
Trade receivables40€53€69▲
Other amounts receivable41€635€858▲
Cash at bank and in hand54/58€123€143▲
Equity and liabilities
Total equity and liabilities10/49€811€1k▲
Equity10/15€-12k€-17k▼
Contributions10/11€17k€17k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€592€592=
Profit (loss) carried forward14€-32k€-37k▼
Amounts payable17/49€13k€18k▲
Amounts payable within one year42/48€13k€18k▲
Trade debts44€1k€517▼
Suppliers440/4€1k€517▼
Advances received on contracts in progress46€59€69▲
Other amounts payable47/48€11k€17k▲
Income statement
Code20242025
Other operating charges640/8€505€520▲
Gross operating margin9900€-4k€-4k▼
Operating profit (loss)9901€-4k€-5k▼
Financial charges65/66B€235€291▲
Recurring financial charges65€235€291▲
Profit (loss) for the period before taxes9903€-5k€-5k▼
Profit (loss) for the period9904€-5k€-5k▼
Profit (loss) for the period to be appropriated9905€-5k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-37k▼
Profit (loss) brought forward from the previous period14P€-27k€-32k▼
The notes to these accounts (3 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 10current ratio 125.03
Current ratio from 12.59 to 125.03; short-term debt falls from €1k to €68.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wommelgem · 1 establishment unit since 2013
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.
Rooibos 42160 WommelgemGround area
779 m²
Building footprint
182 m²
Volume, LiDAR
1,215 m³
Parcel 11052D0002/00A004, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INDICAP
since 20132.223.609.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052D0002/00A004 | Flanders | 779 m² | 1 · 182 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
HMWR Trading
BE 1002.713.843
Tessenderlo-Ham · Eq €5k
2K Dept
BE 0772.566.396
Antwerpen · Eq €5k
Sabdestock
BE 0791.164.068
Seraing · Eq €5k
JUST ADD MUSTARD
BE 0535.963.897
Knokke-Heist · Eq €5k
OMS DRIVER
BE 1009.731.297
Anderlecht · Eq €5k
Of 12,958 companies in sector 47120 we hold annual accounts for 2,176. 960 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-10-2013
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.