2 directorsName after signing inVisible after signing in and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from €30,873 to €55,372Result from €24,133 to €43,908Equity from €31,133 to €75,041Debts from €66,476 to €115,264Cash from €36,997 to €88,927
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as INDICATOR has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Micro
2 to 5 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,274 companies, not a prediction for INDICATOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802252851
Incorporation
Founding capital of €7,000, 100 shares · Founders: Name hiddenVisible after signing in and Hidden nameVisible after signing in · Appointments: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director) · published on 02-06-2023 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as INDICATOR: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €172,000 and €207,000, founded between 2022 and 2023.
INDICATOR has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,041 and a net result of €43,908.
Its solvency ranks better than 37% of 12,247 sector peers (NACE 71, financial year 2025).
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €91,000 and €160,000.
Balance sheet
balance sheet total €190,305 on 30-06-2025
What the company ownsHow it is paid for
in euro
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
each dot is a set of accounts, on the day it reached the National Bank
2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00033961.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
51,930
-
75,041
31,133
39.4%
31.9%
1.65
1.47
1.54
2.14
58.5%
77.5%
23.1%
24.7%
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on INDICATOR
The operating result for 2025 is 83% higher than in 2024.
Debt's share of the balance-sheet total falls from 68.1% to 60.6%. Equity and debt are higher.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
2 names, the dashed line is today
202320242025202620272028
Name after signing inVisible after signing in Director (not named in the articles)
Name hiddenVisible after signing in Director (not named in the articles)
Board
Mandates as a list
Hidden nameVisible after signing in
Director (not named in the articles), from 31-05-2023 to date
Name after signing inVisible after signing in
Director (not named in the articles), from 31-05-2023 to date
registered office since 05-04-2019 · founded in 2019
total assets €270,921 (2025)
0724.623.157
Earlier ties
Name after signing inVisible after signing in
via Name hiddenVisible after signing in, no longer at Hidden nameVisible after signing in · Manager · deed of 09-04-2019
founded in 2019
total assets €270,921 (2025)
Connections & network
Connections & network
INDICATOR is linked to other companies through directors or shares. Look especially for linked companies in trouble.
1 connected company
Depth
The connected companies are in the list below.
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Name hiddenVisible after signing in
via Hidden nameVisible after signing in · Director · deed of 12-05-2025
Founded in 2023
Timeline
Timeline
5 events since 2023
Filings
Establishments
2023202420252026
Deadline for the 2026 accounts:
31-01-2027
2026
Annual accounts 2025 filedPDFmicro format · 2 days late
2025
Annual accounts 2024 filedPDFmicro format · 1 day late
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802252851
2023
IncorporationFounding capital of €7,000, 100 shares · Founders: Hidden nameVisible after signing in and Name after signing inVisible after signing in · Appointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director) · published on 02-06-20237 points ▸
Founder, Name after signing inVisible after signing in
Founder, Name hiddenVisible after signing in
Founding capital, €7,000, 100 shares
100 shares
Registered office clause, Rue des Savoyards 36, 1495 Villers-la-Ville
Director appointment, Hidden nameVisible after signing in (director (not named in the articles))
Director appointment, Name after signing inVisible after signing in (director (not named in the articles))
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
INDICATOR was incorporated on 31 May 2023 as a private limited company by two natural persons, with a starting capital of €7,000.12The board currently has 2 members, 2 of whom have served since 2023.3The company has filed 2 sets of annual accounts, the latest for financial year 2025.4