INDIGO
ActiveINDIGO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+18
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.22 in 2024; short-term debt: 16.3% and cash: 6.8% of total assets), and 36.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.4%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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
25 d late
2024
16 d early
2023
2 d early
2022
22 d late
2021
6 d early
2020
9 d late
2019
3 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€63k▼ 91.7%
2024 · €758k
2018: €-447k
2019: €-447k
2020: €-396k
2021: €687k
2022: €752k
2023: €781k
2024: €758k
2018 → 2025
Total assets
€99k▼ 90.1%
2024 · €1.00M
2018: €67k
2019: €33k
2020: €22k
2021: €1.02M
2022: €1.02M
2023: €1.01M
2024: €1.00M
2018 → 2025
Net result
€5k
2024 · €-23k
2018: €-974k
2019: €436
2020: €51k
2021: €82k
2022: €66k
2023: €29k
2024: €-23k
2018 → 2025
Working capital
€3k
2024 · €-13k
2018: €-447k
2019: €33k
2020: €-41k
2021: €-61k
2022: €-104k
2023: €-83k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€687k-€752k▲ 9.6%€781k▲ 3.8%€758k▼ 2.9%€63k▼ 91.7%
Operating result€82k-€113k▲ 36.9%€51k▼ 54.8%€-8k€5k
Net result€82k-€66k▼ 19.7%€29k▼ 56.6%€-23k€5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€81k▼ 92.0%
Current assets
€19k▲ 434%
Equity and liabilities €99k
Equity
€63k▼ 91.7%
Debt
€36k▼ 85.2%
The debt ratio rises from 24.5% to 36.6%. Equity and debt are lower.
Key figures and ratios
Solvency
63.4%▼
2024 · 75.5%
Current ratio
1.16▲
2024 · 0.22
Quick ratio
1.16▲
2024 · 0.22
Debt / equity
0.58▲
2024 · 0.32
ROE
7.7%▲
2024 · -3.0%
ROA
4.9%▲
2024 · -2.3%
Debt
€36k▼
2024 · €246k
Debt ≤ 1 year
€16k▼
2024 · €16k
Debt > 1 year
€20k▼
2024 · €215k
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€1.00M€99k▼
Fixed assets21/28€1.00M€81k▼
Financial fixed assets28€1.00M€81k▼
Current assets29/58€4k€19k▲
Amounts receivable within one year40/41€529€12k▲
Trade receivables40-€12k
Other amounts receivable41€529€43▼
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.00M€99k▼
Equity10/15€758k€63k▼
Contributions10/11€1.40M€702k▼
Capital10€1.40M€702k▼
Issued capital100€1.40M€702k▼
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€-656k€-651k▲
Amounts payable17/49€246k€36k▼
Amounts payable after more than one year17€215k€20k▼
Financial debts170/4€215k€20k▼
Amounts payable within one year42/48€16k€16k▼
Current portion of amounts payable after more than one year42€15k€15k=
Trade debts44€149€104▼
Suppliers440/4€149€104▼
Other amounts payable47/48€1k€1k▲
Accrued charges and deferred income492/3€15k-
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-7k€6k▲
Operating profit (loss)9901€-8k€5k▲
Financial charges65/66B€15k€40▼
Recurring financial charges65€15k€40▼
Profit (loss) for the period before taxes9903€-23k€5k▲
Profit (loss) for the period9904€-23k€5k▲
Profit (loss) for the period to be appropriated9905€-23k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-656k€-651k▲
Profit (loss) brought forward from the previous period14P€-633k€-656k▼
The notes to these accounts (5 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
10-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment3 facts ▸
- General meeting, 30 juni 2026
- Director reappointment, Fache Alain (bestuurder)
- Director reappointment, Franke Hilde (bestuurder)
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.16
Current ratio from 0.22 to 1.16; short-term debt falls from €16k to €16k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €82k ▲60.5%
Net result €82k, the highest in the series.
31-12
Financial
Equity above €500kEq €687k
3 profitable years in a row build equity to €687k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Back to profitnet €436
Net result €436 after one loss-making year.
31-12
Financial
Liquidity times 12018current ratio 1560.02
Current ratio from 0.13 to 1560.02; short-term debt falls from €514k to €21.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Fache Alain
CurrentDirector · since 30-06-2026
Franke Hilde
CurrentDirector · since 30-06-2026
30-06-2026
Fache Alain: Mandate renewed as Director
30-06-2026
Franke Hilde: Mandate renewed as Director
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2002
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.
Sint-Michielslaan 471040 EtterbeekGround area
443 m²
Building footprint
222 m²
Volume, LiDAR
3,470 m³
Parcel 21362B0285/00R002, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Michielslaan 47, 1040 Etterbeek
since 20022.112.557.159
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0285/00R002 | Brussels | 443 m² | 1 · 221 m² | 20.1 m · 6 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
Callaert Nico
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ME&CO
BE 0789.749.947
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UPROOF
BE 0455.188.435
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RESIDIN
BE 0716.858.803
Zaventem · Eq €63k
REACTIVE
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 5,152 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-05-1992
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.