INDUFIN
ActiveSummary
INDUFIN has been active since 1920 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289,328 and a net result of -€13,350. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 54% of 3210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
INDUFIN was incorporated on 3 June 1920.1 Between 2009 and 2011 the capital was increased 2 times, most recently to EUR 347,610.23 The registered office was moved to Dilbeek in 2026.4 The board currently has 4 members; Philippe Vandeurzen has served longest, since 2014.5 Revenue fell from EUR 1.6 million in 2018 to EUR 60,000 in 2022.6
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.
- 2021 Total assets -76% on 2020. Cause not known from the registers.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €94,000 | €60,000 | - | - | - | - |
| Turnover70 | €70,000 | €60,000 | - | - | - | - |
| Non-recurring operating income76A | €24,000 | - | - | - | - | - |
| Operating charges60/66A | €78,114 | €12,892 | - | - | - | - |
| Services and other goods61 | €19,877 | €11,982 | - | - | - | - |
| Other operating charges640/8 | €931 | €911 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | €57,307 | - | - | - | - | - |
| Gross operating margin9900 | - | - | -€26,481 | -€11,173 | -€8,842 | ▲ 20.9% |
| Operating profit (loss)9901 | €15,886 | €47,108 | -€26,865 | -€11,561 | -€9,241 | ▲ 20.1% |
| Financial income75/76B | €1,228 | €21,794 | - | - | - | - |
| Recurring financial income75 | €1,228 | €21,794 | - | - | - | - |
| Income from current assets751 | €1,228 | - | - | - | - | - |
| Non-recurring financial income76B | - | €21,794 | - | - | - | - |
| Financial charges65/66B | €2,084 | €4,842 | €4,692 | €4,578 | €4,109 | ▼ 10.3% |
| Recurring financial charges65 | €2,084 | €4,842 | €4,692 | €4,578 | €4,109 | ▼ 10.3% |
| Debt charges650 | €2,084 | €4,842 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €15,030 | €64,060 | -€31,558 | -€16,139 | -€13,350 | ▲ 17.3% |
| Income taxes67/77 | - | - | €157 | - | - | - |
| Profit (loss) for the period9904 | €15,030 | €64,060 | -€31,714 | -€16,139 | -€13,350 | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €15,030 | €64,060 | -€31,714 | -€16,139 | -€13,350 | ▲ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €526,120 | €578,114 | €533,510 | €518,307 | €504,244 | ▼ 2.7% |
| Current assets29/58 | €526,120 | €578,114 | €533,510 | €518,307 | €504,244 | ▼ 2.7% |
| Amounts receivable within one year40/41 | €68,338 | €72,603 | €4,504 | €456 | €1,236 | ▲ 171% |
| Trade receivables40 | €67,053 | €72,600 | €4,504 | - | €16 | - |
| Other amounts receivable41 | €1,285 | €3 | - | €456 | €1,221 | ▲ 168% |
| Current investments50/53 | €399,811 | €399,124 | €499,124 | €499,124 | €499,123 | = |
| Other investments51/53 | €399,811 | €399,124 | - | - | - | - |
| Cash at bank and in hand54/58 | €57,122 | €105,496 | €29,235 | €17,792 | €3,885 | ▼ 78.2% |
| Deferred charges and accrued income490/1 | €850 | €891 | €647 | €936 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €526,120 | €578,114 | €533,510 | €518,307 | €504,244 | ▼ 2.7% |
| Equity10/15 | €286,471 | €350,531 | €318,817 | €302,678 | €289,328 | ▼ 4.4% |
| Contributions10/11 | €104,985 | €104,985 | €104,985 | €104,985 | €104,985 | = |
| Capital10 | €104,985 | €104,985 | €104,985 | €104,985 | €104,985 | = |
| Issued capital100 | €104,985 | €104,985 | €104,985 | €104,985 | €104,985 | = |
| Reserves13 | €10,499 | €10,499 | €10,499 | €10,499 | €10,499 | = |
| Non-distributable reserves130/1 | €10,499 | €10,499 | €10,499 | €10,499 | €10,499 | = |
| Legal reserve130 | €10,499 | €10,499 | €10,499 | €10,499 | €10,499 | = |
| Profit (loss) carried forward14 | €170,988 | €235,047 | €203,333 | €187,194 | €173,844 | ▼ 7.1% |
| Provisions and deferred taxes16 | €214,694 | €214,694 | €214,694 | €214,694 | €214,694 | = |
| Provisions for liabilities and charges160/5 | €214,694 | €214,694 | €214,694 | €214,694 | €214,694 | = |
| Other liabilities and charges164/5 | €214,694 | €214,694 | €214,694 | €214,694 | €214,694 | = |
| Amounts payable17/49 | €24,955 | €12,889 | - | €936 | €223 | ▼ 76.2% |
| Amounts payable within one year42/48 | €24,955 | €12,889 | - | €936 | €216 | ▼ 77.0% |
| Financial debts43 | - | - | - | - | €216 | - |
| Credit institutions430/8 | - | - | - | - | €216 | - |
| Trade debts44 | €1,859 | €796 | - | €936 | €0 | ▼ 100% |
| Suppliers440/4 | €1,859 | €796 | - | €936 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €12,093 | - | - | - | - |
| Taxes450/3 | - | €12,093 | - | - | - | - |
| Other amounts payable47/48 | €23,096 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €7 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,030 | €64,060 | -€31,714 | -€16,139 | -€13,350 | ▲ 17.3% |
| Operating cash flow (approximation) | €15,030 | €64,060 | -€31,714 | -€16,139 | -€13,350 | ▲ 17.3% |
| Change in cash | - | €48,374 | -€76,261 | -€11,443 | -€13,908 | ▼ 21.5% |
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
10-08
State Gazette act
Reappointments: Jean-François Vryens (director) and Highbury (director)Permanent representative: Joris Rome6 facts ▸
- General meeting, 25-04-2024
- Director reappointment, Jean-François Vryens
- Director reappointment, Highbury
- Permanent representative, Joris Rome
- Other statement, publicatievolgnummer, 26351629
- Other statement, Niet-statutaire wijzigingen
13-01
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 27-08-2025
- Registered-office move, Eikelenbergstraat 20 te 1700 Dilbeek
29-11
State Gazette act
Capital & shares · Purpose · Statutes amendmentPurpose change · Capital · Power of attorney5 facts ▸
- General meeting, 10-08-2023
- Purpose change, De vergadering beslist de tekst van het voorwerp integraal te vervangen door een nieuwe tekst, teneinde het aan te passen aan de heroriëntatie van de activiteit…
- Statutes amendment
- Capital, €104.985,34
- Power of attorney
Show earlier events
30-06
State Gazette act
Reappointments: Alain Huberty (director) and Philippe Vandeurzen (director)3 facts ▸
- General meeting, 28-04-2022
- Director reappointment, Alain Huberty (director)
- Director reappointment, Philippe Vandeurzen (director)
14-05
State Gazette act
Reappointment: Mazars Bedrijfsrevisoren CV (statutory auditor)Mandate compensation3 facts ▸
- General meeting, 30-04-2020
- Auditor reappointment, Mazars Bedrijfsrevisoren CV
- Mandate compensation, Mazars Bedrijfsrevisoren CV
08-04
State Gazette act
Appointments: Highbury bvba, Jean-François Vryens and 2 othersPower of attorney · Power condition10 facts ▸
- Board meeting, 19-02-2019
- Director appointment, Highbury bvba (day-to-day manager)
- Director appointment, Jean-François Vryens (day-to-day manager)
- Director appointment, Guy Wygaerts bvba (day-to-day manager)
- Director appointment, S&V Partners (day-to-day manager)
- Power of attorney, Evelyne Ackermans (gevolmachtigde)
- Board resolution, Alle vorige bevoegdheden geannuleerd
- Power condition, De persoon onder I.C kan enkel met een persoon van I A of B handelen voor elke verrichting tot 50.000 Euros. Voor elke verrichting van meer dan 50.000 Euros is…
- Power condition, Het dagelijks bestuur wordt afgevaardigd aan de personen onder I. A en B. Deze personen moeten samen per twee handelen.
- Power condition, Alle roerende en onroerende goederen huren of verhuren, in leasing geven of nemen voor een maximum van 20 jaar
05-07
State Gazette act
Resignations: Guy Wygaerts bvba (managing director) and S&V Partners bvba (managing director)Appointments: Highbury bvba (managing director) and Jean-François Vryens (managing director) · Permanent representative: Joris Rome6 facts ▸
- General meeting, 17-05-2018
- Director resignation, Guy Wygaerts bvba (managing director)
- Director resignation, S&V Partners bvba (managing director)
- Director appointment, Highbury bvba (managing director)
- Director appointment, Jean-François Vryens (managing director)
- Permanent representative, Joris Rome
14-08
State Gazette act
Reappointment: Mazars, Bedrijfsrevisoren (statutory auditor)Mandate compensation3 facts ▸
- General meeting, 27-04-2017
- Auditor reappointment, Mazars, Bedrijfsrevisoren
- Mandate compensation, Mazars, Bedrijfsrevisoren
28-10
State Gazette act
Reappointments: Alain Huberty, Guy Wygaerts bvba and 2 othersPermanent representatives: Guy Wygaerts and Jo Santino7 facts ▸
- General meeting, 03-05-2016
- Director reappointment, Alain Huberty (director)
- Director reappointment, Guy Wygaerts bvba (director)
- Director reappointment, Philippe Vandeurzen (director)
- Director reappointment, S&V Partners nv (director)
- Permanent representative, Guy Wygaerts
- Permanent representative, Jo Santino
10-07
State Gazette act
Reappointment: Mazars, Bedrijfsrevisoren (statutory auditor)Mandate compensation3 facts ▸
- General meeting, 24-04-2014
- Auditor reappointment, Mazars, Bedrijfsrevisoren
- Mandate compensation, Mazars, Bedrijfsrevisoren
11-02
State Gazette act
Resignation: Luc LEROY (director)Appointment: Philippe VANDEURZEN (director)3 facts ▸
- General meeting, 24-01-2014
- Director resignation, Luc LEROY (director)
- Director appointment, Philippe VANDEURZEN (director)
24-10
State Gazette act
Resignation: Philippe Mathieu (director)Appointment: Luc Leroy (director) · Reappointments: Alain Huberty en Guy Wygaerts bvba (director) and S&V Partriers nv (director)5 facts ▸
- General meeting, 30-09-2013
- Director resignation, Philippe Mathieu (director)
- Director appointment, Luc Leroy (director)
- Director reappointment, Alain Huberty en Guy Wygaerts bvba (director)
- Director reappointment, S&V Partriers nv (director)
09-03
State Gazette act
Resignations & appointmentsPower of attorney · Power annulment7 facts ▸
- Board meeting, 16-12-2011
- Power of attorney, bvba Guy Wygaerts
- Power of attorney, S&V Partners
- Power of attorney, Jean-François Vryens
- Power of attorney, Bvba Highbury
- Power of attorney, Evelyne Ackermans
- Power annulment, Alle vorige bevoegdheden geannuleerd
17-11
State Gazette act
Appointment: S&V PARTNERS (bestuurder en afgevaardigd bestuurder)Permanent representative: Giuseppe Jo SANTINO · Capital increase · Capital decrease10 facts ▸
- General meeting, 30-09-2011
- Capital increase, €249.480
- Capital decrease, €242.624,66
- Share cancellation, 12609
- Capital, €104.985,34
- Statutes amendment
- Director appointment, S&V PARTNERS (bestuurder en afgevaardigd bestuurder)
- Permanent representative, Giuseppe Jo SANTINO
- Power of attorney, INDUFIN
- Power of attorney, INDUFIN
07-07
State Gazette act
Reappointments: Alain Huberty, Guy Wygaerts bvba and Mazars, BedrijfsrevisorenPermanent representatives: Guy Wygaerts and Philippe Gossart6 facts ▸
- General meeting, 28-04-2011
- Director reappointment, Alain Huberty (director)
- Director reappointment, Guy Wygaerts bvba (director)
- Permanent representative, Guy Wygaerts
- Auditor reappointment, Mazars, Bedrijfsrevisoren
- Permanent representative, Philippe Gossart
10-06
State Gazette act
Reappointment: Philippe Mathieu (director)Appointment: bvba Guy Wygaerts (managing director)3 facts ▸
- General meeting, 27-04-2010
- Director reappointment, Philippe Mathieu (director)
- Director appointment, bvba Guy Wygaerts (managing director)
19-10
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney7 facts ▸
- General meeting, 26-08-2009
- Capital increase, €15.499,77
- Capital increase, €20.630,23
- Capital, €98.130
- Statutes amendment
- Power of attorney, Raad van bestuur
- Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
29-08
State Gazette act
Reappointment: Goossens, Gossart, Joos, Bedrijfsrevisoren (statutory auditor)2 facts ▸
- General meeting, 24-04-2008
- Auditor reappointment, Goossens, Gossart, Joos, Bedrijfsrevisoren
24-12
State Gazette act
Resignations & appointmentsPower of attorney5 facts ▸
- Board meeting, 19-10-2007
- Power of attorney, Guy Wygaerts SPRL
- Power of attorney, Jean-François Vryens
- Power of attorney, Joris Rome
- Power of attorney, Evelyne Ackermans
01-10
State Gazette act
Reappointments: Philippe MATHIEU, Jo SANTINO and 4 othersAppointment: Jo SANTINO (managing director)8 facts ▸
- General meeting, 26-04-2007
- Director reappointment, Philippe MATHIEU (director)
- Director reappointment, Jo SANTINO (director)
- Director reappointment, Jacquot SCHWERTZER (director)
- Director reappointment, Piet VAN WAEYENBERGE (director)
- Director reappointment, LUXEMPART (director)
- Director reappointment, DE EIK (director)
- Director appointment, Jo SANTINO (managing director)
13-07
State Gazette act
Reappointments: Philippe Mathieu, Jo Santino and 4 others7 facts ▸
- General meeting, 29-04-2004
- Director reappointment, Philippe Mathieu (director)
- Director reappointment, Jo Santino (director)
- Director reappointment, Jacquot Schwertzer (director)
- Director reappointment, Piet Van Waeyenberge (director)
- Director reappointment, Luxempart (director)
- Director reappointment, De Eik (director)
Directors · office · real estate
Board 4
9 not recently confirmed
Day-to-day management 6
Permanent representatives 1
2 not recently confirmed
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016C0174/00K000 | Flanders | 5.5 ha | 1 · 1,350 m² | 17.2 m · 5 fl. |
| 24514C0073/00E000 | Flanders | 2.1 ha | 1 · 1,688 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Alain Huberty |
|
| Philippe Vandeurzen |
|
| VRYENS, Jean-François |
|
| HIGHBURY |
|
| DE EIK |
|
| Jacquot Schwertzer |
|
| Jo Santino |
|
| LUXEMPART |
|
| Piet van Waeyenberge |
|
| S&V PARTNERS |
|
| Alain Huberty en Guy Wygaerts bvba |
|
| S&V Partriers nv |
|
| S&V Partners nv |
|
| Guy Wygaerts BVBA |
|
| Highbury bvba |
|
| S&V PARTNERS |
|
| Mazars Bedrijfsrevisoren CV |
|
| S&V Partners bvba |
|
| Luc Leroy |
|
| Philippe Mathieu |
|
| Bedrijfsrevisoren Goossens Gossart Joos |
|
Articles of association
Full purpose
De aankoop, de fabricage, de verkoop en de handel in het algemeen, de invoer en de uitvoer: - van alle werktuigen, machines, toestellen of programma's die gebruikt worden voor of betrokken worden bij de fabricage en de uitbating van de producten of het onderzoek en de ontwikkeling van de vennootschap; - van alle artikelen en alle materialen, afgeleide producten en derivaten die met deze industrie of deze handel verbonden zijn, alsmede van alle artikelen of producten waarbij deze materialen worden ingezet of waarvoor de producten van de vennootschap kunnen worden gebruikt. Verder heeft de vennootschap tot voorwerp, zowel in België als in het buitenland, het bezit van, de inschrijving op, het verwerven, de plaatsing, de inbreng, de verkoop en de verhandeling van roerende waarden van welke aard dan ook, alsmede alle investeringen (beleggingen) en finanoiële operaties, met uitzondering van de gereglementeerde financiële activiteiten, voor zover de vennootschap niet over de nodige vergunningen beschikt, het beheer van investeringen (beleggingen) en participaties, het uitoefenen van bestuurlijke functies en beheersfuncties (inbegrepen de functle van vereffenaar van andere vennootschappen), het verlenen van adviezen en raadgevende diensten, management en andere taken of diensten. Zij kan leningen en kredietopeningen toestaan, alsmede alle waarborgen aan derden toekennen, zelfs met betrekking tot alle zaken die uit het voorwerp of de hoger vermelde opsomming voortvioeien. Zij kan te dien einde alle commerciële, financiële, burgerlijke, roerende en onroerende transacties uitvoeren, alsook alle brevetten op uitvindingen uitbaten, zonder dat de hoger vermelde opsomming uitputtend is, die rechtstreeks of onrechtstreeks betrekking hebben op het voorwerp. Zij kan belangen verwerven op om het even welke wijze, in alle zaken, ondernemingen of vennootschappen die een voorwerp beogen dat aan het hare identiek, analoog of met het hare verbonden is, of die van aard zijn de ontwikkeling van haar onderneming te begunstigen, haar grondstoffen te bezorgen of de afzet van deze producten te vereenvoudigen.
Structure & network
Connections & network
8 connected companiesShow 4 more companies with a shared director
Ownership & control
1 board mandateCapital and shareholders
- 29-11-2023 Capital stated in the act · 104,985.34 EUR · 5,456 shares
- 17-11-2011 Capital increase of 249,480 EUR · to 347,610 EUR · from reserves
- 17-11-2011 Capital reduction of 242,624.66 EUR · to 104,985.34 EUR · “aankoop van eigen aandelen”
- 19-10-2009 Capital increase of 15,499.77 EUR · to 77,499.77 EUR · 3,613 new shares
- 19-10-2009 Capital increase of 20,630.23 EUR · to 98,130 EUR · no new shares · “opneming op de agiorekening”
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
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