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INDIGO

Active
Public limited companyfounded 1992active for 34 yearsSint-Michielslaan 47, 1040 Etterbeek, BelgiumKBO/BCE: BE 0447.389.041
Summary

INDIGO has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,958 and a net result of €4,843. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 75% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 07-05-1992 Normal situation
Registered office
55 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
Development of residential building projects NACE 68121
Establishment unit
2.112.557.159 1040 Etterbeek, since 31-10-2002
Financial year end
31 December
Peppol
Reachable since 28-12-2025

Board and ownership

Board

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€6,166
Turnover
≈ €26,000
estimated
Profit
€4,843
Equity
€62,958
▼ 91.7%
Total assets
€99,291
▼ 90.1%
  • 2025 accounts filed 25 days after the deadline
Equity -92%: capital reduction
Filed on 25-08-2026
Score breakdownlowers riskFounded in 1992Figures for financial year 2025 (filed on 25-08-2026)Size: total assets €99,291Legal form: public limited companyShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 47% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 88-12
equity 63.4% of total assets
Liquidity 54+4
short-term debt 16.3% · cash 6.8%
Profitability 50+18
return on assets 4.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.3 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.3 percentage points vs 07-2026 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (0.22 in 2024), below the usual 1.5. Short-term debt is 16.3% and cash 6.8% of total assets. 36.6% of the assets are financed with debt and provisions.
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 68, micro). It does better than 73% of them on solvency, 65% on liquidity, 42% on profitability and 6% on growth.

The bankruptcy probability was computed on 01-11-2026 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).

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

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 25-08-2026)
NBB · annual accounts
lowers risk · Size: total assets €99,291
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 days late
2024
16 days early
2023
2 days early
2022
22 days late
2021
6 days early
2020
9 days late
2019
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · 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 30 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Equity fell in 2025capital reduction ▼ 91.7% View
  • New directorslatest change 30-06-2026 · 2 in office 2 joined View

Recent changes

  1. · Gazette deed Reappointments: Fache Alain (director) and Franke Hilde (director)
  2. · Gazette deed Capital decrease of €700,000 to €702,314.82
  3. · Gazette deed Incorporation
All 19 events

Comparable companies

These companies have the same main activity as INDIGO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €80,100 and €142,000, founded between 1991 and 2000.

CompanyTotal assetsGross margin
INDIGO Etterbeek€99,291€6,166
TAILOR & FOSTER Elsene€118,470€8,365
FIMACO Charleroi€113,032€6,995
TRICATEL BUILDING CONSULTANTS Antwerpen€88,557€11,135
BALINVEST Namur€89,076€8,835
UPROOF Bornem€141,935€10,981
HOMES BUILDING PARTNER - HBP Lasne€80,131€13,008
Full comparison

Key facts about INDIGO

What is the company number of INDIGO?
The company number of INDIGO is 0447.389.041. The VAT number is the same number with BE in front: BE 0447.389.041.
Where is INDIGO based?
The registered office is at Sint-Michielslaan 47, 1040 Etterbeek.Company details
What does INDIGO do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of INDIGO?
The legal form of INDIGO is Public limited company (NV).
When was INDIGO founded?
INDIGO was founded on 07-05-1992.
Is INDIGO still active?
Yes, INDIGO is an active enterprise in the KBO register.
What is the turnover of INDIGO?
The turnover in financial year 2025 is ≈ €26,000. This figure is estimated from the gross margin of €6,166 and 48 comparable companies (NACE 68121). It probably lies between €13,000 and €81,000. It is a rough estimate.Financials
Is INDIGO profitable?
In financial year 2025, INDIGO made a profit of €4,843.
Where can I find the annual accounts of INDIGO?
INDIGO filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of INDIGO due?
INDIGO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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