INDIGO PGmbH
ActiveSummary
INDIGO PGmbH has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €25k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+11
Solvency44▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.63 in 2024; short-term debt: 28.9% and cash: 0.3% of total assets), and 80.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
19.1%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7029 sector peers (2025).
NBB · sector comparisonPosition among 7029 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
19 d early
2022
46 d early
2021
59 d early
2020
1 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▲ 406%
2024 · €5k
2018: €16k
2019: €549
2020: €10k
2021: €3k
2022: €10k
2023: €15k
2024: €5k
2018 → 2025
Working capital
€-111k▲ 26.7%
2024 · €-151k
2018: €39k
2019: €26k
2020: €-5k
2021: €-24k
2022: €-81k
2023: €-42k
2024: €-151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€156k▲ 6.7%€171k▲ 9.7%€176k▲ 2.9%€232k▲ 31.8%
Operating result€12k-€29k▲ 133%€37k▲ 29.8%€27k▼ 28.0%€37k▲ 37.5%
Net result€3k-€10k▲ 201%€15k▲ 54.6%€5k▼ 66.9%€25k▲ 406%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€975k ▼ 4.2%
Current assets
€240k ▼ 5.5%
Equity and liabilities €1.21M
Equity
€232k ▲ 31.8%
Provisions
€0 ▼ 100%
Debt
€983k ▼ 10.3%
Debt's share of the balance-sheet total falls from 86.2% to 80.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €83k
Cash flow
€88k▲
2024 · €62k
Current ratio
0.68▲
2024 · 0.63
Quick ratio
0.49▲
2024 · 0.46
Debt to equity
4.24▼
2024 · 6.23
ROE
10.9%▲
2024 · 2.8%
ROA
2.1%▲
2024 · 0.4%
Interest coverage
5.59▲
2024 · 4.57
Debt ≤ 1 year
€351k▼
2024 · €405k
Debt > 1 year
€632k▼
2024 · €690k
Income taxes
€5k▲
2024 · €4k
Staff costs
€74k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.21M▼
Fixed assets21/28€1.02M€975k▼
Tangible fixed assets22/27€661k€618k▼
Land and buildings22€567k€536k▼
Plant, machinery and equipment23€51k€53k▲
Furniture and vehicles24€27k€21k▼
Leasing and similar rights25€15k€7k▼
Financial fixed assets28€357k€357k=
Current assets29/58€254k€240k▼
Stocks and contracts in progress3€70k€68k▼
Stocks30/36€56k€54k▼
Contracts in progress37€14k€14k▲
Amounts receivable within one year40/41€168k€166k▼
Trade receivables40€68k€66k▼
Other amounts receivable41€100k€100k=
Cash at bank and in hand54/58€15k€4k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.21M▼
Equity10/15€176k€232k▲
Contributions10/11€6k€6k=
Reserves13€4k€3k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€1k▼
Profit (loss) carried forward14€166k€192k▲
Investment grants15-€31k
Provisions and deferred taxes16€261-
Deferred taxes168€261-
Amounts payable17/49€1.10M€983k▼
Amounts payable after more than one year17€690k€632k▼
Financial debts170/4€419k€361k▼
Other amounts payable178/9€271k€271k=
Amounts payable within one year42/48€405k€351k▼
Current portion of amounts payable after more than one year42€109k€85k▼
Financial debts43€80k€55k▼
Credit institutions430/8€80k€55k▼
Trade debts44€54k€51k▼
Suppliers440/4€54k€51k▼
Taxes, remuneration and social security45€33k€29k▼
Taxes450/3€16k€11k▼
Remuneration and social security454/9€17k€18k▲
Other amounts payable47/48€129k€131k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€60k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€63k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€151k€180k▲
Operating profit (loss)9901€27k€37k▲
Financial income75/76B€3€11k▲
Recurring financial income75€3€11k▲
Financial charges65/66B€18k€18k▼
Recurring financial charges65€18k€18k▼
Profit (loss) for the period before taxes9903€8k€30k▲
Transfer from deferred taxes780€645€261▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€5k€25k▲
Transfer from tax-exempt reserves789€2k€782▼
Profit (loss) for the period to be appropriated9905€7k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€192k▲
Profit (loss) brought forward from the previous period14P€159k€166k▲
The notes to these accounts (9 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25k ▲406%
Net result €25k, the highest in the series.
31-12
Financial
Equity above €200kEq €232k ▲31.8%
8 profitable years in a row build equity to €232k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Equity above €150kEq €156k ▲6.7%
5 profitable years in a row build equity to €156k.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €549 ▼96.7%
Net result drops to €549, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sankt Vith · 2 establishment units since 2003
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.
Am Herrenbrühl 354780 Sankt Vith2 establishment units
Am Herrenbrühl 35, 4780 Sankt Vith
since 20032.114.765.294
INDIGO
since 20112.229.656.252
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,734 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filings
Scores and ratios are computed by Checked and are not a credit decision.