INDUFARM
ActiveINDUFARM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €240k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+39
Solvency67▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.47 in 2024), but 64.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
35.1%
Return on assets
5.3%
Age of the figures
14 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
28 d late
2023
2 d late
2022
4 d early
2021
on the day
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.59M▲ 14.3%
2024 · €1.39M
2019: €544k
2020: €718k
2021: €943k
2022: €1.05M
2023: €1.29M
2024: €1.39M
2019 → 2025
Total assets
€4.53M▲ 7.6%
2024 · €4.21M
2019: €2.30M
2020: €2.62M
2021: €2.87M
2022: €4.00M
2023: €3.89M
2024: €4.21M
2019 → 2025
Net result
€240k▲ 131%
2024 · €104k
2019: €42k
2020: €324k
2021: €315k
2022: €150k
2023: €235k
2024: €104k
2019 → 2025
Working capital
€1.05M▲ 26.0%
2024 · €830k
2019: €390k
2020: €555k
2021: €504k
2022: €559k
2023: €745k
2024: €830k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€943k-€1.05M▲ 11.4%€1.29M▲ 22.3%€1.39M▲ 8.1%€1.59M▲ 14.3%
Operating result€397k-€195k▼ 50.9%€325k▲ 67.2%€187k▼ 42.6%€341k▲ 82.7%
Net result€315k-€150k▼ 52.4%€235k▲ 56.6%€104k▼ 55.8%€240k▲ 131%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 83% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.53M
Fixed assets
€1.55M▼ 3.1%
Current assets
€2.98M▲ 14.2%
Equity and liabilities €4.53M
Equity
€1.59M▲ 14.3%
Debt
€2.94M▲ 4.4%
The debt ratio falls from 67.0% to 64.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€547k▲
2024 · €372k
Cash flow
€446k▲
2024 · €289k
Solvency
35.1%▲
2024 · 33.0%
Current ratio
1.54▲
2024 · 1.47
Quick ratio
0.64▲
2024 · 0.63
Debt / equity
1.85▼
2024 · 2.03
ROE
15.1%▲
2024 · 7.5%
ROA
5.3%▲
2024 · 2.5%
Interest coverage
11.98▲
2024 · 8.06
Debt
€2.94M▲
2024 · €2.82M
Debt ≤ 1 year
€1.93M▲
2024 · €1.78M
Debt > 1 year
€1.00M▼
2024 · €1.03M
Income taxes
€77k▲
2024 · €38k
Staff costs
€1.41M▲
2024 · €877k
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€4.21M€4.53M▲
Fixed assets21/28€1.60M€1.55M▼
Intangible fixed assets21€28k€74k▲
Tangible fixed assets22/27€1.57M€1.48M▼
Land and buildings22€1.36M€1.25M▼
Plant, machinery and equipment23€40k€27k▼
Furniture and vehicles24€56k€77k▲
Leasing and similar rights25€113k€118k▲
Financial fixed assets28€50€50=
Current assets29/58€2.61M€2.98M▲
Amounts receivable after more than one year29€43k€43k=
Other amounts receivable291€43k€43k=
Stocks and contracts in progress3€1.48M€1.73M▲
Stocks30/36€1.48M€1.73M▲
Amounts receivable within one year40/41€879k€838k▼
Trade receivables40€843k€835k▼
Other amounts receivable41€37k€3k▼
Cash at bank and in hand54/58€186k€342k▲
Deferred charges and accrued income490/1€19k€23k▲
Equity and liabilities
Total equity and liabilities10/49€4.21M€4.53M▲
Equity10/15€1.39M€1.59M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€50k€50k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Profit (loss) carried forward14€839k€1.04M▲
Amounts payable17/49€2.82M€2.94M▲
Amounts payable after more than one year17€1.03M€1.00M▼
Financial debts170/4€1.03M€1.00M▼
Amounts payable within one year42/48€1.78M€1.93M▲
Current portion of amounts payable after more than one year42€90k€97k▲
Financial debts43€750k€750k=
Credit institutions430/8€750k€750k=
Trade debts44€805k€899k▲
Suppliers440/4€805k€899k▲
Taxes, remuneration and social security45€134k€144k▲
Taxes450/3€14k€13k▼
Remuneration and social security454/9€119k€131k▲
Other amounts payable47/48-€42k
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€877k€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€185k€206k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-65k€16k▲
Other operating charges640/8€37k€40k▲
Gross operating margin9900€1.22M€2.02M▲
Operating profit (loss)9901€187k€341k▲
Financial income75/76B€1k€22k▲
Recurring financial income75€1k€22k▲
Financial charges65/66B€46k€46k▼
Recurring financial charges65€46k€46k▼
Profit (loss) for the period before taxes9903€142k€317k▲
Income taxes67/77€38k€77k▲
Profit (loss) for the period9904€104k€240k▲
Profit (loss) for the period to be appropriated9905€104k€240k▲
Appropriation of the result
Profit (loss) to be appropriated9906€839k€1.08M▲
Profit (loss) brought forward from the previous period14P€735k€839k▲
Profit to be distributed694/7-€42k
Directors or managers695-€42k
Social balance
Average headcount (FTE)908714.720.7▲
The notes to these accounts (13 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
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €1MEq €1.05M ▲11.4%
4 profitable years in a row build equity to €1.05M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €324k ▲663%
Operating result €403k, net result €324k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-06-2020
Callens Henk: Resigned as Director
23-06-2020
Coppens Guido: Resigned as Director
23-06-2020
Mertens Bert: Resigned as Director
23-06-2020
Planquette Gerdi: Resigned as Director
23-06-2020
Vanneste Alain: Resigned as Director
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 2016
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.
Leon Bekaertstraat 58770 IngelmunsterGround area
8,864 m²
Building footprint
1,732 m²
Volume, LiDAR
14,421 m³
Parcel 36007B0279/00B003, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Indufarm
since 20162.256.548.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0279/00B003 | Flanders | 8,864 m² | 1 · 1,732 m² | 11.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,793 EUR awarded · 1,164 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 779 EUR | 150 EUR |
| 2023 | 1 | 772 EUR | 772 EUR |
| 2022 | 1 | 242 EUR | 242 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIngelmunster2.256.548.612
Similar companies · same sector, comparable size
CARCOSMETIX
BE 0458.550.771
Ledegem · Eq €1.59M
TECHNI QUARTZ
BE 0432.603.964
Temse · Eq €1.58M
D.R.D.
BE 0437.453.667
Mechelen · Eq €1.58M
SAFETY KLEEN BELGIUM
BE 0433.154.488
Anderlecht · Eq €1.62M
ARBOCHIM EUROPE
BE 0826.713.578
Antwerpen · Eq €1.55M
Of 466 companies in sector 46442 we hold annual accounts for 329. 189 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-09-2016
Fiscal year end30-06
Activities, NACEBEL
46442Wholesale trade
46852Wholesale trade
46610Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.