INDIGRA
ActiveSummary
INDIGRA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,339 and a net result of €3,681. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 89% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+63
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 9.36 against 8.58 in 2024; short-term debt: 10% and cash: 3.8% of total assets), and 10% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
90%
Return on assets
14.8%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-04-2026, 67 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
67 d late
2024
42 d early
2023
43 d early
2022
22 d early
2021
27 d early
2020
44 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 4 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,339▲ 19.7%
2024 · €18,658
Total assets
€24,833▲ 17.6%
2024 · €21,119
Net result
€3,681
2024 · -€2,117
Working capital
€20,839▲ 11.7%
2024 · €18,658
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,307▲ 4.9%-€730▲ 44.1%-€2,907€2,723
Net result€276within the sector's middle half€275within the sector's middle half▼ 0.7%€1,205within the sector's middle half▲ 339%-€2,117within the sector's middle half€3,681within the sector's middle half
Equity€19,295within the sector's middle half▲ 1.5%€19,570within the sector's middle half▲ 1.4%€20,775within the sector's middle half▲ 6.2%€18,658within the sector's middle half▼ 10.2%€22,339within the sector's middle half▲ 19.7%
Total assets€19,631below the sector's middle half▲ 1.9%€20,065below the sector's middle half▲ 2.2%€21,464below the sector's middle half▲ 7.0%€21,119below the sector's middle half▼ 1.6%€24,833below the sector's middle half▲ 17.6%
Debt€335▲ 33.8%€495▲ 47.7%€689▲ 39.1%€2,461▲ 257%€2,494▲ 1.3%
Working capital€19,295within the sector's middle half▲ 1.5%€19,570within the sector's middle half▲ 1.4%€20,775within the sector's middle half▲ 6.2%€18,658within the sector's middle half▼ 10.2%€20,839within the sector's middle half▲ 11.7%
Solvency98.3%above the sector's middle half▼ 0.4pp97.5%above the sector's middle half▼ 0.8pp96.8%above the sector's middle half▼ 0.7pp88.3%above the sector's middle half▼ 8.4pp90.0%above the sector's middle half▲ 1.6pp
Current ratio58.57above the sector's middle half▼ 18.3640.52above the sector's middle half▼ 18.0531.16above the sector's middle half▼ 9.368.58above the sector's middle half▼ 22.589.36above the sector's middle half▲ 0.77
Return on assets (ROA)1.4%within the sector's middle half▲ 2.6pp1.4%within the sector's middle half=5.6%within the sector's middle half▲ 4.2pp-10.0%below the sector's middle half▼ 15.6pp14.8%above the sector's middle half▲ 24.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,723 after a loss of €2,907 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,833
Fixed assets
€1,500
Current assets
€23,333
Equity and liabilities €24,833
Equity
€22,339 ▲ 19.7%
Debt
€2,494 ▲ 1.3%
Debt's share of the balance-sheet total falls from 11.7% to 10.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.11▼
2024 · 0.13
ROE
16.5%▲
2024 · -11.3%
Debt ≤ 1 year
€2,494▲
2024 · €2,461
Income taxes
€259
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €730 | - | €956 | - | - |
| Gross operating margin9900 | -€1,252 | - | - | -€1,950 | €2,723 | ▲ 240% |
| Operating profit (loss)9901 | -€1,307 | -€730 | - | -€2,907 | €2,723 | ▲ 194% |
| Financial income75/76B | - | €1,204 | €1,413 | €1,093 | €1,263 | ▲ 15.6% |
| Recurring financial income75 | €1,657 | €1,204 | €1,413 | €1,093 | €1,263 | ▲ 15.6% |
| Financial charges65/66B | - | €200 | €208 | €304 | €46 | ▼ 84.8% |
| Recurring financial charges65 | €74 | €200 | €208 | €304 | €46 | ▼ 84.8% |
| Profit (loss) for the period before taxes9903 | €276 | €275 | €1,205 | -€2,117 | €3,940 | ▲ 286% |
| Income taxes67/77 | - | - | - | - | €259 | - |
| Profit (loss) for the period9904 | €276 | €275 | €1,205 | -€2,117 | €3,681 | ▲ 274% |
| Profit (loss) for the period to be appropriated9905 | €276 | €275 | €1,205 | -€2,117 | €3,681 | ▲ 274% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,631 | €20,065 | €21,464 | €21,119 | €24,833 | ▲ 17.6% |
| Fixed assets21/28 | - | - | - | - | €1,500 | - |
| Financial fixed assets28 | - | - | - | - | €1,500 | - |
| Current assets29/58 | €19,631 | €20,065 | €21,464 | €21,119 | €23,333 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €18,847 | €20,051 | €21,464 | €20,206 | €22,397 | ▲ 10.8% |
| Trade receivables40 | - | - | - | - | €698 | - |
| Other amounts receivable41 | - | €20,051 | €21,464 | €20,206 | €21,699 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €784 | €14 | - | €913 | €936 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,631 | €20,065 | €21,464 | €21,119 | €24,833 | ▲ 17.6% |
| Equity10/15 | €19,295 | €19,570 | €20,775 | €18,658 | €22,339 | ▲ 19.7% |
| Contributions10/11 | - | €17,972 | €17,972 | €17,972 | €17,972 | = |
| Outside capital11 | - | €17,972 | €17,972 | - | - | - |
| Other1109/19 | - | €17,972 | €17,972 | - | - | - |
| Reserves13 | €18,873 | €18,873 | €18,873 | €18,873 | €18,873 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €17,014 | €17,014 | €17,014 | €17,014 | = |
| Profit (loss) carried forward14 | -€17,550 | -€17,276 | -€16,070 | -€18,187 | -€14,506 | ▲ 20.2% |
| Amounts payable17/49 | €335 | €495 | €689 | €2,461 | €2,494 | ▲ 1.3% |
| Amounts payable within one year42/48 | €335 | €495 | €689 | €2,461 | €2,494 | ▲ 1.3% |
| Financial debts43 | - | - | €194 | - | - | - |
| Credit institutions430/8 | - | - | €194 | - | - | - |
| Trade debts44 | €335 | €335 | €335 | €2,461 | €1,391 | ▼ 43.5% |
| Suppliers440/4 | - | €335 | €335 | €2,461 | €1,391 | ▼ 43.5% |
| Advances received on contracts in progress46 | - | - | - | - | €844 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €259 | - |
| Taxes450/3 | - | - | - | - | €259 | - |
| Other amounts payable47/48 | - | €160 | €160 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €276 | €275 | €1,205 | -€2,117 | €3,681 | ▲ 274% |
| Operating cash flow (approximation) | €276 | €275 | €1,205 | -€2,117 | €3,681 | ▲ 274% |
| Change in cash | - | -€770 | - | - | €24 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 67 days late
2025
30-06
Financial
Back to profitnet €3,681
Net result €3,681 after one loss-making year.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€2,117
Net result drops to -€2,117, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €276
Net result €276 after one loss-making year.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1997
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
INDIGRA BVBA
since 19972.083.005.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 855 companies in this sector we hold annual accounts for 590. 171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-07-1997
Fiscal year end30-06
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461071880
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.