INDII
ActiveSummary
INDII has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€820,463) and a net result of -€25,184. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.61 in 2024; short-term debt: 80.6% and cash: 2.4% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-186.1%
Return on assets
-5.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€820,463
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
6 d late
2023
57 d late
2022
20 d early
2021
17 d late
2020
44 d early
2019
87 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 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€820,463▼ 3.2%
2024 · -€795,279
Total assets
€440,876▲ 3.0%
2024 · €427,849
Net result
-€25,184▲ 0.3%
2024 · -€25,263
Working capital
-€196,554▼ 75.7%
2024 · -€111,858
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, 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
Line20212022202320242025
Operating result-€72,621▲ 61.9%€19,957-€15,916-€5,267▲ 66.9%€5,980
Net result-€80,242below the sector's middle half▲ 60.5%€1,923within the sector's middle half-€35,000below the sector's middle half-€25,263below the sector's middle half▲ 27.8%-€25,184below the sector's middle half▲ 0.3%
Equity-€736,938below the sector's middle half▼ 12.2%-€735,015below the sector's middle half▲ 0.3%-€770,015below the sector's middle half▼ 4.8%-€795,279below the sector's middle half▼ 3.3%-€820,463below the sector's middle half▼ 3.2%
Total assets€229,407within the sector's middle half▼ 8.9%€227,218within the sector's middle half▼ 1.0%€344,796above the sector's middle half▲ 51.7%€427,849above the sector's middle half▲ 24.1%€440,876above the sector's middle half▲ 3.0%
Debt€966,345▲ 6.4%€962,233▼ 0.4%€1.1m▲ 15.9%€1.2m▲ 9.7%€1.3m▲ 3.1%
Working capital-€84,762▲ 80.4%-€5,720▲ 93.3%-€49,204▼ 760%-€111,858▼ 127%-€196,554▼ 75.7%
Solvency-321.2%below the sector's middle half▼ 60.3pp-323.5%below the sector's middle half▼ 2.2pp-223.3%below the sector's middle half▲ 100.2pp-185.9%below the sector's middle half▲ 37.4pp-186.1%below the sector's middle half▼ 0.2pp
Staff (FTE)3▲ 36.4%2.8▼ 6.7%3.6▲ 28.6%4.7▲ 30.6%3.1▼ 34.0%
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, 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: €5,980 after a loss of €5,267 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440,876
Fixed assets
€282,215 ▲ 10.5%
Current assets
€158,660 ▼ 8.0%
Key figures and ratios
EBITDA
€89,154▲
2024 · €73,665
Cash flow
€57,990▲
2024 · €53,669
Current ratio
0.45▼
2024 · 0.61
Debt to equity
-1.54=
2024 · -1.54
ROA
-5.7%▲
2024 · -5.9%
Interest coverage
2.84▼
2024 · 3.02
Debt ≤ 1 year
€355,214▲
2024 · €284,309
Debt > 1 year
€880,000▼
2024 · €900,000
Income taxes
€1,134▲
2024 · €796
Staff costs
€337,715▲
2024 · €279,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,798 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,000 | - |
| Remuneration, social security and pensions62 | €122,248 | €151,593 | €259,462 | €279,656 | €337,715 | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,231 | €61,698 | €73,884 | €78,932 | €83,174 | ▲ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,163 | €4,685 | €11,649 | €6,589 | €6,271 | ▼ 4.8% |
| Other operating charges640/8 | €898 | €585 | €2,371 | €2,217 | €2,010 | ▼ 9.3% |
| Gross operating margin9900 | €127,918 | €238,519 | €331,450 | €362,128 | €435,150 | ▲ 20.2% |
| Operating profit (loss)9901 | -€72,621 | €19,957 | -€15,916 | -€5,267 | €5,980 | ▲ 214% |
| Financial income75/76B | - | €704 | €1,305 | €5,203 | €1,312 | ▼ 74.8% |
| Recurring financial income75 | - | €704 | €1,305 | €5,203 | €1,312 | ▼ 74.8% |
| Financial charges65/66B | €7,048 | €18,274 | €19,735 | €24,403 | €31,342 | ▲ 28.4% |
| Recurring financial charges65 | €7,048 | €18,274 | €19,735 | €24,403 | €31,342 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | -€79,669 | €2,387 | -€34,347 | -€24,467 | -€24,050 | ▲ 1.7% |
| Income taxes67/77 | €573 | €464 | €653 | €796 | €1,134 | ▲ 42.4% |
| Profit (loss) for the period9904 | -€80,242 | €1,923 | -€35,000 | -€25,263 | -€25,184 | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | -€80,242 | €1,923 | -€35,000 | -€25,263 | -€25,184 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229,407 | €227,218 | €344,796 | €427,849 | €440,876 | ▲ 3.0% |
| Fixed assets21/28 | €123,890 | €93,698 | €213,904 | €255,398 | €282,215 | ▲ 10.5% |
| Intangible fixed assets21 | €109,633 | €80,586 | €200,491 | €245,608 | €270,734 | ▲ 10.2% |
| Tangible fixed assets22/27 | €14,257 | €13,113 | €13,408 | €9,785 | €11,482 | ▲ 17.3% |
| Plant, machinery and equipment23 | €4,029 | €7,998 | €13,408 | €9,785 | €8,865 | ▼ 9.4% |
| Furniture and vehicles24 | €10,228 | €5,114 | €0 | - | €2,616 | - |
| Financial fixed assets28 | - | - | €5 | €5 | €0 | ▼ 100% |
| Current assets29/58 | €105,517 | €133,520 | €130,892 | €172,451 | €158,660 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €81,153 | €104,236 | €124,808 | €157,435 | €147,001 | ▼ 6.6% |
| Trade receivables40 | €76,620 | €97,016 | €124,782 | €120,218 | €142,997 | ▲ 18.9% |
| Other amounts receivable41 | €4,533 | €7,221 | €26 | €37,218 | €4,004 | ▼ 89.2% |
| Cash at bank and in hand54/58 | €22,434 | €26,333 | €1,831 | €10,248 | €10,501 | ▲ 2.5% |
| Deferred charges and accrued income490/1 | €1,930 | €2,951 | €4,253 | €4,768 | €1,158 | ▼ 75.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229,407 | €227,218 | €344,796 | €427,849 | €440,876 | ▲ 3.0% |
| Equity10/15 | -€736,938 | -€735,015 | -€770,015 | -€795,279 | -€820,463 | ▼ 3.2% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€791,938 | -€790,015 | -€825,015 | -€850,279 | -€875,463 | ▼ 3.0% |
| Amounts payable17/49 | €966,345 | €962,233 | €1.1m | €1.2m | €1.3m | ▲ 3.1% |
| Amounts payable after more than one year17 | €750,000 | €780,000 | €900,000 | €900,000 | €880,000 | ▼ 2.2% |
| Financial debts170/4 | €750,000 | €780,000 | €900,000 | €900,000 | €880,000 | ▼ 2.2% |
| Amounts payable within one year42/48 | €190,279 | €139,240 | €180,096 | €284,309 | €355,214 | ▲ 24.9% |
| Trade debts44 | €131,527 | €47,231 | €95,019 | €63,646 | €62,638 | ▼ 1.6% |
| Suppliers440/4 | €131,527 | €47,231 | €95,019 | €63,646 | €62,638 | ▼ 1.6% |
| Taxes, remuneration and social security45 | €24,710 | €34,536 | €58,858 | €70,689 | €86,634 | ▲ 22.6% |
| Taxes450/3 | €11,375 | €22,159 | €26,422 | €41,798 | €40,903 | ▼ 2.1% |
| Remuneration and social security454/9 | €13,334 | €12,377 | €32,436 | €28,891 | €45,731 | ▲ 58.3% |
| Other amounts payable47/48 | €34,042 | €57,472 | €26,219 | €149,974 | €205,942 | ▲ 37.3% |
| Accrued charges and deferred income492/3 | €26,066 | €42,994 | €34,715 | €38,819 | €26,124 | ▼ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,242 | €1,923 | -€35,000 | -€25,263 | -€25,184 | ▲ 0.3% |
| + Depreciation and write-downs630 | €75,231 | €61,698 | €73,884 | €78,932 | €83,174 | ▲ 5.4% |
| Operating cash flow (approximation) | -€5,011 | €63,621 | €38,884 | €53,669 | €57,990 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€31,507 | -€194,089 | -€120,427 | -€109,992 | ▲ 8.7% |
| Change in cash | - | €3,898 | -€24,501 | €8,417 | €253 | ▼ 97.0% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,923
Net result €1,923 after 4 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet -€411,500
Net result drops to -€411,500, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Brasschaat · 1 establishment unit since 2017
Ground area
2,693 m²
Building footprint
102 m²
Volume, LiDAR
585 m³
Parcel 11323F0567/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Wage Watchers
since 20172.262.160.655
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0567/00D000 | Flanders | 2,693 m² | 1 · 102 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 564 EUR awarded · 564 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 564 EUR | 564 EUR |
Similar companies · same sector and region
2moovIT
BE 0727.477.234
Beerse
Adeona
BE 0550.526.171
Antwerpen
Adshim
BE 0765.181.035
Heist-op-den-Berg
APP IT UP
BE 0762.695.459
Mechelen
Architects of Data Base Solutions
BE 0435.969.567
Wommelgem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,289 companies in sector 58290 we hold annual accounts for 594. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882399102
Also
9925:BE0882399102
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.