Summary
INDIHO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €23,165 and a net result of -€8,083. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 134 sector peers (fiscal year 2026). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-08-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
63 d early
2025
65 d early
2024
59 d early
2023
53 d early
2022
62 d early
2021
30 d early
2020
7 d late
← 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 46 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€23,165▼ 84.5%
2025 · €149,248
Net result
-€8,083▲ 90.0%
2025 · -€80,537
Total assets
€31,709▼ 79.0%
2025 · €151,093
Solvency
73.1%▼ 25.7pp
2025 · 98.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€31,687-€35,096▼ 10.8%€153,563-€11,383-€7,878▲ 30.8%
Net result-€38,995below the sector's middle half-€42,699below the sector's middle half▼ 9.5%€134,118above the sector's middle half-€80,537below the sector's middle half-€8,083▲ 90.0%
Equity€138,366within the sector's middle half▼ 22.0%€95,667within the sector's middle half▼ 30.9%€229,785within the sector's middle half▲ 140%€149,248within the sector's middle half▼ 35.0%€23,165▼ 84.5%
Total assets€343,322within the sector's middle half▼ 15.2%€294,516within the sector's middle half▼ 14.2%€295,151within the sector's middle half▲ 0.2%€151,093within the sector's middle half▼ 48.8%€31,709▼ 79.0%
Debt€204,956▼ 9.9%€198,849▼ 3.0%€65,365▼ 67.1%€1,845▼ 97.2%€8,544▲ 363%
Working capital-€15,862within the sector's middle half-€49,614below the sector's middle half▼ 213%€226,832above the sector's middle half€148,121within the sector's middle half▼ 34.7%€22,820▼ 84.6%
Solvency40.3%within the sector's middle half▼ 3.5pp32.5%within the sector's middle half▼ 7.8pp77.9%within the sector's middle half▲ 45.4pp98.8%above the sector's middle half▲ 20.9pp73.1%▼ 25.7pp
Current ratio0.90within the sector's middle half▼ 0.200.67below the sector's middle half▼ 0.234.47above the sector's middle half▲ 3.8081.30above the sector's middle half▲ 76.833.67▼ 77.63
Return on assets (ROA)-11.4%below the sector's middle half▼ 11.4pp-14.5%below the sector's middle half▼ 3.1pp45.4%above the sector's middle half▲ 59.9pp-53.3%below the sector's middle half▼ 98.7pp-25.5%▲ 27.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 stays negative: a loss of €7,878 in 2026 against €11,383 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €31,709
Fixed assets
€345 ▼ 69.4%
Current assets
€31,364 ▼ 79.1%
Equity and liabilities €31,709
Equity
€23,165 ▼ 84.5%
Debt
€8,544 ▲ 363%
Debt's share of the balance-sheet total rises from 1.2% to 26.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-34.9%▲
2025 · -54.0%
Debt ≤ 1 year
€8,544▲
2025 · €1,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €205,913 | €1,371 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,183 | €8,947 | €1,660 | €782 | €782 | = |
| Other operating charges640/8 | €1,295 | €1,324 | €787 | €126 | €128 | ▲ 1.6% |
| Non-recurring operating charges66A | - | - | €60 | - | - | - |
| Gross operating margin9900 | -€20,210 | -€24,825 | €156,070 | -€10,475 | -€6,968 | ▲ 33.5% |
| Operating profit (loss)9901 | -€31,687 | -€35,096 | €153,563 | -€11,383 | -€7,878 | ▲ 30.8% |
| Financial income75/76B | €120 | - | €5,508 | €3,919 | €349 | ▼ 91.1% |
| Recurring financial income75 | €120 | - | €5,508 | €3,919 | €349 | ▼ 91.1% |
| Financial charges65/66B | €7,427 | €7,603 | €6,999 | €73,073 | €554 | ▼ 99.2% |
| Recurring financial charges65 | €7,427 | €7,603 | €6,999 | €73,073 | €554 | ▼ 99.2% |
| Profit (loss) for the period before taxes9903 | -€38,995 | -€42,699 | €152,072 | -€80,537 | -€8,083 | ▲ 90.0% |
| Income taxes67/77 | - | - | €17,953 | - | - | - |
| Profit (loss) for the period9904 | -€38,995 | -€42,699 | €134,118 | -€80,537 | -€8,083 | ▲ 90.0% |
| Profit (loss) for the period to be appropriated9905 | -€38,995 | -€42,699 | €134,118 | -€80,537 | -€8,083 | ▲ 90.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343,322 | €294,516 | €295,151 | €151,093 | €31,709 | ▼ 79.0% |
| Fixed assets21/28 | €204,228 | €195,281 | €2,953 | €1,127 | €345 | ▼ 69.4% |
| Tangible fixed assets22/27 | €204,203 | €195,256 | €2,928 | €1,127 | €345 | ▼ 69.4% |
| Land and buildings22 | €197,187 | €190,763 | €1,019 | - | - | - |
| Plant, machinery and equipment23 | €2,462 | €343 | - | - | - | - |
| Furniture and vehicles24 | €4,553 | €4,150 | €1,909 | €1,127 | €345 | ▼ 69.4% |
| Financial fixed assets28 | €25 | €25 | €25 | - | - | - |
| Current assets29/58 | €139,094 | €99,235 | €292,197 | €149,966 | €31,364 | ▼ 79.1% |
| Amounts receivable within one year40/41 | €3,432 | €693 | €699 | €54,264 | €616 | ▼ 98.9% |
| Trade receivables40 | €1,916 | €693 | - | - | - | - |
| Other amounts receivable41 | €1,516 | - | €699 | €54,264 | €616 | ▼ 98.9% |
| Current investments50/53 | €75,000 | €75,000 | €175,000 | €82,304 | €2,304 | ▼ 97.2% |
| Cash at bank and in hand54/58 | €60,422 | €23,286 | €116,498 | €13,194 | €28,444 | ▲ 116% |
| Deferred charges and accrued income490/1 | €240 | €256 | - | €204 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343,322 | €294,516 | €295,151 | €151,093 | €31,709 | ▼ 79.0% |
| Equity10/15 | €138,366 | €95,667 | €229,785 | €149,248 | €23,165 | ▼ 84.5% |
| Contributions10/11 | €185,000 | €185,000 | €185,000 | €185,000 | €67,000 | ▼ 63.8% |
| Capital10 | €185,000 | €185,000 | €185,000 | €185,000 | - | - |
| Issued capital100 | €225,000 | €225,000 | €225,000 | €225,000 | - | - |
| Uncalled capital101 | €40,000 | €40,000 | €40,000 | €40,000 | - | - |
| Profit (loss) carried forward14 | -€46,634 | -€89,333 | €44,785 | -€35,752 | -€43,835 | ▼ 22.6% |
| Amounts payable17/49 | €204,956 | €198,849 | €65,365 | €1,845 | €8,544 | ▲ 363% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | - | - | - | - |
| Financial debts170/4 | €50,000 | €50,000 | - | - | - | - |
| Amounts payable within one year42/48 | €154,956 | €148,849 | €65,365 | €1,845 | €8,544 | ▲ 363% |
| Trade debts44 | €2,550 | €2,761 | €2,794 | €1,566 | €1,095 | ▼ 30.1% |
| Suppliers440/4 | €2,550 | €2,761 | €2,794 | €1,566 | €1,095 | ▼ 30.1% |
| Taxes, remuneration and social security45 | €2,406 | €1,764 | €1,745 | - | €134 | - |
| Taxes450/3 | €2,406 | €1,764 | €1,745 | - | €134 | - |
| Other amounts payable47/48 | €150,000 | €144,324 | €60,827 | €279 | €7,316 | ▲ 2,523% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,995 | -€42,699 | €134,118 | -€80,537 | -€8,083 | ▲ 90.0% |
| + Depreciation and write-downs630 | €10,183 | €8,947 | €1,660 | €782 | €782 | = |
| Operating cash flow (approximation) | -€28,812 | -€33,752 | €135,778 | -€79,755 | -€7,301 | ▲ 90.8% |
| Investment in fixed assets (approximation) | - | €0 | €190,668 | €1,044 | €0 | ▼ 100% |
| Change in cash | - | -€37,136 | €93,213 | -€103,304 | €15,250 | ▲ 115% |
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 2027, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€80,537
Net result drops to -€80,537, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 18current ratio 81.30
Current ratio from 4.47 to 81.30; short-term debt falls from €65,365 to €1,845.
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €134,118
Net result €134,118 after 2 loss-making years.
31-03
Financial
Liquidity times 7current ratio 4.47
Current ratio from 0.67 to 4.47; short-term debt falls from €148,849 to €65,365.
31-03
Financial
Equity above €200,000Eq €229,785 ▲140%
Equity rises from €95,667 to €229,785.
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
07-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
Show earlier events
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2004
Ground area
864 m²
Building footprint
196 m²
Volume, LiDAR
1,063 m³
Parcel 31030A0349/00M000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Indiho
since 20042.136.940.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0349/00M000 | Flanders | 864 m² | 1 · 196 m² | 9.2 m · 2 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 24,728 companies in sector 64210 we hold annual accounts for 19,800. 7,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-04-2004
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864812903
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.