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INDIRO

Active
Private limited companyfounded 20242 years activeBeitemstraat 22, 8890 Moorslede, BelgiumKBO/BCE: BE 1006.516.639
Summary

INDIRO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,990 and a net result of €15,317. Its solvency ranks better than 19% of 15,602 sector peers (NACE 69, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€21,990▲ 164%
2024 · €8,339
Total assets
€118,469▲ 263%
2024 · €32,600
Net result
€15,317▲ 187%
2024 · €5,339
Working capital
-€59,010
2024 · €8,311
Trend over the years

2024 to 2025, 2 fiscal years

The operating result rises in 2025; 2025 is 206% above 2024.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€25,983 2025 Net result€15,317 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same schema, and only where there are at least 30. 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
Line20242025
Operating result€8,486-€25,983▲ 206%
Net result€5,339below the sector's middle half-€15,317within the sector's middle half▲ 187%
Equity€8,339below the sector's middle half-€21,990below the sector's middle half▲ 164%
Total assets€32,600below the sector's middle half-€118,469within the sector's middle half▲ 263%
Debt€24,260-€96,479▲ 298%
Working capital€8,311below the sector's middle half--€59,010below the sector's middle half
Solvency25.6%below the sector's middle half-18.6%below the sector's middle half▼ 7.0pp
Current ratio1.34within the sector's middle half-0.39below the sector's middle half▼ 0.96
Return on assets (ROA)16.4%within the sector's middle half-12.9%within the sector's middle half▼ 3.4pp
above within below the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same schema, and only where there are at least 30.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,469
Fixed assets €81,000
Current assets €37,469
Equity and liabilities €118,469
Equity €21,990 ▲ 164%
Debt €96,479 ▲ 298%
Debt's share of the balance-sheet total rises from 74.4% to 81.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€26,156▲
2024 · €9,430
Cash flow
€15,490▲
2024 · €6,284
Debt to equity
4.39▲
2024 · 2.91
ROE
69.7%▲
2024 · 64.0%
Interest coverage
7.88▼
2024 · 9.89
Debt ≤ 1 year
€96,479▲
2024 · €24,116
Income taxes
€7,350▲
2024 · €2,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€32,600€118,469▲
Formation expenses20€173€0▼
Fixed assets21/28-€81,000
Financial fixed assets28-€81,000
Current assets29/58€32,427€37,469▲
Amounts receivable within one year40/41€19,858€27,961▲
Trade receivables40€19,858€27,961▲
Cash at bank and in hand54/58€11,657€7,947▼
Deferred charges and accrued income490/1€913€1,560▲
Equity and liabilities
Total equity and liabilities10/49€32,600€118,469▲
Equity10/15€8,339€21,990▲
Contributions10/11€3,000€3,000=
Reserves13€5,339€18,990▲
Distributable reserves133€5,339€18,990▲
Profit (loss) carried forward14-€0
Amounts payable17/49€24,260€96,479▲
Amounts payable within one year42/48€24,116€96,479▲
Trade debts44€873€866▼
Suppliers440/4€873€866▼
Taxes, remuneration and social security45€11,263€15,882▲
Taxes450/3€11,263€15,882▲
Other amounts payable47/48€11,980€79,730▲
Accrued charges and deferred income492/3€144€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€945€173▼
Other operating charges640/8€195€376▲
Gross operating margin9900€9,625€26,532▲
Operating profit (loss)9901€8,486€25,983▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€954€3,317▲
Recurring financial charges65€954€3,317▲
Profit (loss) for the period before taxes9903€7,532€22,667▲
Income taxes67/77€2,192€7,350▲
Profit (loss) for the period9904€5,339€15,317▲
Profit (loss) for the period to be appropriated9905€5,339€15,317▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,339€15,317▲
Transfer to equity691/2€5,339€13,651▲
To other reserves6921€5,339€13,651▲
Profit to be distributed694/7-€1,666
Return on contributions (dividend)694-€1,666

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€945€173▼ 81.7%
Other operating charges640/8€195€376▲ 92.3%
Gross operating margin9900€9,625€26,532▲ 176%
Operating profit (loss)9901€8,486€25,983▲ 206%
Financial income75/76B-€1-
Recurring financial income75-€1-
Financial charges65/66B€954€3,317▲ 248%
Recurring financial charges65€954€3,317▲ 248%
Profit (loss) for the period before taxes9903€7,532€22,667▲ 201%
Income taxes67/77€2,192€7,350▲ 235%
Profit (loss) for the period9904€5,339€15,317▲ 187%
Profit (loss) for the period to be appropriated9905€5,339€15,317▲ 187%
Line20242025Change
Assets
Total assets20/58€32,600€118,469▲ 263%
Formation expenses20€173€0▼ 100%
Fixed assets21/28-€81,000-
Financial fixed assets28-€81,000-
Current assets29/58€32,427€37,469▲ 15.5%
Amounts receivable within one year40/41€19,858€27,961▲ 40.8%
Trade receivables40€19,858€27,961▲ 40.8%
Cash at bank and in hand54/58€11,657€7,947▼ 31.8%
Deferred charges and accrued income490/1€913€1,560▲ 70.9%
Equity and liabilities
Total equity and liabilities10/49€32,600€118,469▲ 263%
Equity10/15€8,339€21,990▲ 164%
Contributions10/11€3,000€3,000=
Reserves13€5,339€18,990▲ 256%
Distributable reserves133€5,339€18,990▲ 256%
Profit (loss) carried forward14-€0-
Amounts payable17/49€24,260€96,479▲ 298%
Amounts payable within one year42/48€24,116€96,479▲ 300%
Trade debts44€873€866▼ 0.8%
Suppliers440/4€873€866▼ 0.8%
Taxes, remuneration and social security45€11,263€15,882▲ 41.0%
Taxes450/3€11,263€15,882▲ 41.0%
Other amounts payable47/48€11,980€79,730▲ 566%
Accrued charges and deferred income492/3€144€0▼ 100%
Line20242025Change
Profit (loss) for the period9904€5,339€15,317▲ 187%
+ Depreciation and write-downs630€945€173▼ 81.7%
Operating cash flow (approximation)€6,284€15,490▲ 146%
Change in cash--€3,709-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €714 awarded · €714 paid
Year Entries AwardedPaid
2025 1 €360€360
2024 1 €354€354
Schemes
2 entries · €714 · €714 paid · Fonds voor Innoveren en Ondernemen