Summary
INDU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €8.5m and a net result of €98,888. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 60% of 2445 sector peers (fiscal year 2025). The company has been active since 2003 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 31-12-2025 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
14 d early
2023
30 d late
2022
13 d early
2021
26 d early
2020
24 d early
2019
22 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 10 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€8.5m▲ 1.2%
2024 · €8.4m
Net result
€98,888▼ 71.5%
2024 · €347,223
Total assets
€11.7m▲ 0.8%
2024 · €11.6m
Solvency
72.7%▲ 0.3pp
2024 · 72.5%
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
Line20212022202320242025
Turnover€590,240▲ 33.0%€688,017▲ 16.6%€693,188▲ 0.8%€624,034▼ 10.0%€657,798▲ 5.4%
Operating result€417,805▲ 55.9%€480,630▲ 15.0%€534,210▲ 11.1%€462,910▼ 13.3%€125,237▼ 72.9%
Net result€262,997within the sector's middle half▲ 81.2%€355,425within the sector's middle half▲ 35.1%€398,777within the sector's middle half▲ 12.2%€347,223within the sector's middle half▼ 12.9%€98,888within the sector's middle half▼ 71.5%
Equity€11.1mwithin the sector's middle half▲ 2.4%€11.4mwithin the sector's middle half▲ 3.2%€8.1mwithin the sector's middle half▼ 29.5%€8.4mwithin the sector's middle half▲ 4.3%€8.5mwithin the sector's middle half▲ 1.2%
Total assets€11.1mwithin the sector's middle half▼ 12.5%€11.5mwithin the sector's middle half▲ 2.9%€11.9mwithin the sector's middle half▲ 3.6%€11.6mwithin the sector's middle half▼ 2.3%€11.7mwithin the sector's middle half▲ 0.8%
Debt€66,889▼ 96.5%€39,313▼ 41.2%€3.8m▲ 9,600%€3.2m▼ 16.2%€3.2m▼ 0.2%
Working capital€373,460within the sector's middle half▼ 79.3%€768,862within the sector's middle half▲ 106%-€2.5mbelow the sector's middle half-€2.1mbelow the sector's middle half▲ 16.8%-€1.9mbelow the sector's middle half▲ 8.7%
Solvency99.4%above the sector's middle half▲ 14.5pp99.7%above the sector's middle half▲ 0.3pp67.9%within the sector's middle half▼ 31.8pp72.5%within the sector's middle half▲ 4.6pp72.7%within the sector's middle half▲ 0.3pp
Current ratio87.65above the sector's middle half▲ 54.2422.85above the sector's middle half▼ 64.800.34within the sector's middle half▼ 22.510.35within the sector's middle half▲ 0.010.40within the sector's middle half▲ 0.05
Return on assets (ROA)2.4%within the sector's middle half▲ 1.2pp3.1%within the sector's middle half▲ 0.7pp3.4%within the sector's middle half▲ 0.3pp3.0%within the sector's middle half▼ 0.4pp0.8%within the sector's middle half▼ 2.1pp
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.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.7m
Fixed assets
€10.4m ▼ 0.7%
Current assets
€1.3m ▲ 15.2%
Equity and liabilities €11.7m
Equity
€8.5m ▲ 1.2%
Debt
€3.2m ▼ 0.2%
Debt's share of the balance-sheet total falls from 27.5% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.2%▼
2024 · 4.1%
Debt ≤ 1 year
€3.2m▼
2024 · €3.2m
Income taxes
€33,645▼
2024 · €117,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €610,006 | €718,011 | €711,954 | €642,875 | €678,788 | ▲ 5.6% |
| Turnover70 | €590,240 | €688,017 | €693,188 | €624,034 | €657,798 | ▲ 5.4% |
| Other operating income74 | €19,766 | €29,994 | €18,766 | €18,841 | €20,990 | ▲ 11.4% |
| Operating charges60/66A | €192,200 | €237,381 | €177,744 | €179,965 | €553,551 | ▲ 208% |
| Services and other goods61 | €80,345 | €137,063 | €95,611 | €97,757 | €87,060 | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109,984 | €98,434 | €80,085 | €80,085 | €79,816 | ▼ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €384,480 | - |
| Other operating charges640/8 | €1,871 | €1,883 | €2,047 | €2,123 | €2,195 | ▲ 3.4% |
| Operating profit (loss)9901 | €417,805 | €480,630 | €534,210 | €462,910 | €125,237 | ▼ 72.9% |
| Financial income75/76B | €0 | €81 | - | €2,542 | €7,663 | ▲ 202% |
| Recurring financial income75 | €0 | €81 | - | €2,542 | €7,663 | ▲ 202% |
| Income from current assets751 | - | €81 | - | €2,542 | €7,663 | ▲ 202% |
| Other financial income752/9 | €0 | - | - | - | - | - |
| Financial charges65/66B | €61,270 | €539 | €333 | €253 | €367 | ▲ 44.9% |
| Recurring financial charges65 | €61,270 | €539 | €333 | €253 | €367 | ▲ 44.9% |
| Debt charges650 | €60,281 | - | - | - | - | - |
| Other financial charges652/9 | €988 | €539 | €333 | €253 | €367 | ▲ 44.9% |
| Profit (loss) for the period before taxes9903 | €356,536 | €480,172 | €533,878 | €465,198 | €132,533 | ▼ 71.5% |
| Income taxes67/77 | €93,539 | €124,748 | €135,100 | €117,976 | €33,645 | ▼ 71.5% |
| Taxes670/3 | €93,539 | €124,748 | €135,100 | €117,976 | €33,645 | ▼ 71.5% |
| Profit (loss) for the period9904 | €262,997 | €355,425 | €398,777 | €347,223 | €98,888 | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | €262,997 | €355,425 | €398,777 | €347,223 | €98,888 | ▼ 71.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.1m | €11.5m | €11.9m | €11.6m | €11.7m | ▲ 0.8% |
| Fixed assets21/28 | €10.8m | €10.7m | €10.6m | €10.5m | €10.4m | ▼ 0.7% |
| Tangible fixed assets22/27 | €755,530 | €657,096 | €577,011 | €496,925 | €420,703 | ▼ 15.3% |
| Plant, machinery and equipment23 | €733,466 | €654,466 | €575,466 | €496,466 | €420,703 | ▼ 15.3% |
| Furniture and vehicles24 | €22,064 | €2,630 | €1,545 | €460 | - | - |
| Financial fixed assets28 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Affiliated companies280/1 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Participating interests280 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Current assets29/58 | €377,770 | €804,052 | €1.3m | €1.1m | €1.3m | ▲ 15.2% |
| Amounts receivable after more than one year29 | - | - | - | €87,188 | €123,148 | ▲ 41.2% |
| Other amounts receivable291 | - | - | - | €87,188 | €123,148 | ▲ 41.2% |
| Amounts receivable within one year40/41 | €86,672 | €89,933 | €170,906 | €268,136 | €185,520 | ▼ 30.8% |
| Trade receivables40 | €85,211 | €87,589 | €170,906 | €237,404 | €99,006 | ▼ 58.3% |
| Other amounts receivable41 | €1,461 | €2,344 | - | €30,732 | €86,514 | ▲ 182% |
| Current investments50/53 | - | €300,000 | €607,875 | €607,875 | €607,875 | = |
| Other investments51/53 | - | €300,000 | €607,875 | €607,875 | €607,875 | = |
| Cash at bank and in hand54/58 | €282,508 | €407,023 | €508,453 | €130,307 | €335,631 | ▲ 158% |
| Deferred charges and accrued income490/1 | €8,590 | €7,095 | €6,698 | €9,507 | €18,281 | ▲ 92.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.1m | €11.5m | €11.9m | €11.6m | €11.7m | ▲ 0.8% |
| Equity10/15 | €11.1m | €11.4m | €8.1m | €8.4m | €8.5m | ▲ 1.2% |
| Contributions10/11 | €6.5m | €6.5m | €2.8m | €2.8m | €2.8m | = |
| Capital10 | €6.5m | €6.5m | €2.8m | €2.8m | €2.8m | = |
| Issued capital100 | €6.5m | €6.5m | €2.8m | €2.8m | €2.8m | = |
| Reserves13 | €4.5m | €4.9m | €5.3m | €5.6m | €5.7m | ▲ 1.8% |
| Non-distributable reserves130/1 | €443,500 | €461,300 | €461,300 | €461,300 | €461,300 | = |
| Legal reserve130 | €443,500 | €461,300 | €461,300 | €461,300 | €461,300 | = |
| Distributable reserves133 | €4.1m | €4.4m | €4.8m | €5.2m | €5.3m | ▲ 1.9% |
| Amounts payable17/49 | €66,889 | €39,313 | €3.8m | €3.2m | €3.2m | ▼ 0.2% |
| Amounts payable within one year42/48 | €4,310 | €35,190 | €3.8m | €3.2m | €3.2m | ▼ 0.5% |
| Trade debts44 | €650 | €10,199 | €167 | €2,717 | €1,946 | ▼ 28.4% |
| Suppliers440/4 | €650 | €10,199 | €167 | €2,717 | €1,946 | ▼ 28.4% |
| Taxes, remuneration and social security45 | €3,660 | €24,991 | €17,407 | €18,010 | €5,450 | ▼ 69.7% |
| Taxes450/3 | €3,660 | €24,991 | €17,407 | €18,010 | €5,450 | ▼ 69.7% |
| Other amounts payable47/48 | - | - | €3.8m | €3.2m | €3.2m | = |
| Accrued charges and deferred income492/3 | €62,580 | €4,123 | €10,515 | €4,432 | €11,355 | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €262,997 | €355,425 | €398,777 | €347,223 | €98,888 | ▼ 71.5% |
| + Depreciation and write-downs630 | €109,984 | €98,434 | €80,085 | €80,085 | €79,816 | ▼ 0.3% |
| Operating cash flow (approximation) | €372,981 | €453,859 | €478,863 | €427,308 | €178,704 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,594 | - |
| Change in cash | - | €124,515 | €101,429 | -€378,146 | €205,324 | ▲ 154% |
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 · full schema
2025
31-12
Financial
Weakest financial yearnet €98,888 ▼71.5%
Net result drops to €98,888, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 87.65
Current ratio from 33.41 to 87.65; short-term debt falls from €55,696 to €4,310.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 33.41
Current ratio from 11.93 to 33.41; short-term debt falls from €165,886 to €55,696.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €10mEq €10.7m ▲7.4%
2 profitable years in a row build equity to €10.7m.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Oud-Turnhout · 1 establishment unit since 2003
Ground area
3,761 m²
Building footprint
288 m²
Volume, LiDAR
1,122 m³
Parcel 13482F0945/00A005, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Paradijs 2, 2360 Oud-Turnhout
since 20032.126.577.520
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F0945/00A005 | Flanders | 3,761 m² | 1 · 288 m² | 7.3 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
49.9%
According to the 2025 annual accounts of INDU and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 6,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479488321
Also
9925:BE0479488321
Registered
28-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.