INDUBO
ActiveINDUBO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €660k and a net result of €209k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 5495 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency71▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.96 in 2024), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
55.7%
Return on assets
17.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
4 d early
2021
31 d early
2020
11 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€660k▲ 31.4%
2024 · €502k
2019: €385k
2020: €352k
2021: €356k
2022: €369k
2023: €400k
2024: €502k
2019 → 2025
Total assets
€1.19M▲ 11.2%
2024 · €1.07M
2019: €787k
2020: €742k
2021: €720k
2022: €675k
2023: €668k
2024: €1.07M
2019 → 2025
Net result
€209k▲ 104%
2024 · €102k
2019: €10
2020: €-33k
2021: €4k
2022: €13k
2023: €31k
2024: €102k
2019 → 2025
Working capital
€-46k▼ 492%
2024 · €-8k
2019: €-14k
2020: €111k
2021: €131k
2022: €128k
2023: €159k
2024: €-8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€356k-€369k▲ 3.7%€400k▲ 8.3%€502k▲ 25.6%€660k▲ 31.4%
Operating result€8k-€20k▲ 155%€48k▲ 133%€149k▲ 213%€316k▲ 112%
Net result€4k-€13k▲ 218%€31k▲ 135%€102k▲ 233%€209k▲ 104%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 112% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€961k▲ 10.8%
Current assets
€225k▲ 13.1%
Equity and liabilities €1.19M
Equity
€660k▲ 31.4%
Debt
€526k▼ 6.8%
The debt ratio falls from 52.9% to 44.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€374k▲
2024 · €196k
Cash flow
€267k▲
2024 · €150k
Solvency
55.7%▲
2024 · 47.1%
Current ratio
0.83▼
2024 · 0.96
Quick ratio
0.83▼
2024 · 0.96
Debt / equity
0.80▼
2024 · 1.12
ROE
31.6%▲
2024 · 20.4%
ROA
17.6%▲
2024 · 9.6%
Interest coverage
29.35▲
2024 · 19.79
Debt
€526k▼
2024 · €565k
Debt ≤ 1 year
€271k▲
2024 · €207k
Debt > 1 year
€252k▼
2024 · €357k
Income taxes
€95k▲
2024 · €37k
Staff costs
€179k▲
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.19M▲
Fixed assets21/28€868k€961k▲
Tangible fixed assets22/27€808k€902k▲
Land and buildings22€804k€899k▲
Furniture and vehicles24€2k€0▼
Other tangible fixed assets26€2k€2k=
Financial fixed assets28€59k€59k=
Current assets29/58€199k€225k▲
Amounts receivable within one year40/41€145k€2k▼
Trade receivables40€120k€0▼
Other amounts receivable41€25k€2k▼
Cash at bank and in hand54/58€51k€219k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.19M▲
Equity10/15€502k€660k▲
Contributions10/11€322k€322k=
Capital10€322k€322k=
Issued capital100€322k€322k=
Reserves13€179k€337k▲
Non-distributable reserves130/1€20k€32k▲
Legal reserve130€20k€32k▲
Distributable reserves133€159k€305k▲
Profit (loss) carried forward14€944€1k▲
Amounts payable17/49€565k€526k▼
Amounts payable after more than one year17€357k€252k▼
Financial debts170/4€357k€252k▼
Amounts payable within one year42/48€207k€271k▲
Current portion of amounts payable after more than one year42€46k€38k▼
Trade debts44€84k€28k▼
Suppliers440/4€84k€28k▼
Taxes, remuneration and social security45€39k€57k▲
Taxes450/3€15k€33k▲
Remuneration and social security454/9€24k€25k▲
Other amounts payable47/48€37k€149k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€117k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€58k▲
Other operating charges640/8€12k€12k▼
Gross operating margin9900€325k€565k▲
Operating profit (loss)9901€149k€316k▲
Financial income75/76B€205€407▲
Recurring financial income75€205€407▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€139k€304k▲
Income taxes67/77€37k€95k▲
Profit (loss) for the period9904€102k€209k▲
Profit (loss) for the period to be appropriated9905€102k€209k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€210k▲
Profit (loss) brought forward from the previous period14P€650€944▲
Transfer from equity791/2-€51k
Transfer to equity691/2€102k€208k▲
To the legal reserve6920€6k€11k▲
To other reserves6921€96k€197k▲
Profit to be distributed694/7-€51k
Return on contributions (dividend)694-€51k
Social balance
Average headcount (FTE)90871.41.9▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €209k ▲104%
Operating result €316k, net result €209k, both a record.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €500kEq €502k ▲25.6%
4 profitable years in a row build equity to €502k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-33k ▼328876%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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.
Directors · office · real estate
Directors
3 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, Zele · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schrijnwerkerstraat 79240 ZeleGround area
2,376 m²
Building footprint
2,089 m²
Volume, LiDAR
8,753 m³
Parcel 42028B0764/00V000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schrijnwerkerstraat 7, 9240 Zele
since 19952.072.999.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0764/00V000 | Flanders | 2,375 m² | 1 · 2,089 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LES ENTREPRISES VERBRUGGEN
BE 0420.233.791
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VINCK MARCEL
BE 0475.117.282
Sint-Niklaas · Eq €660k
SCHRIJNWERKERIJ LAUREYNS
BE 0867.650.746
Evergem · Eq €662k
VGS
BE 0896.852.102
Oudsbergen · Eq €659k
ARDENNE ELECTRO
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Gedinne · Eq €663k
Of 19,947 companies in sector 43320 we hold annual accounts for 9,086. 5,329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-07-1995
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
64200Holdings
64210Activities of holding companies
64999Other financial services
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73120Media representation
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.