Equity
€1.1m ▲ 8.6%
INDULEK PROJECTS has made a profit without a break since 2015.
INDULEK PROJECTS
Lifetime
17 annual accounts with figures on one time axispeak €1.4m (2017)
€1.0m▼ 3.9%
lowest -€96,868 (2014)
€84,472▼ 40.8%
peak €1.1m (2025)
€1.1m▲ 8.6%
€2.1m▼ 9.0%
peak 22.4 FTE (2017)
12.2 FTE▼ 15.3%
Board2 names since 2009
2 directorsDUPONT HANS and 1 other
Owners2 names in the annual accounts
50%Dupont Hans and 1 other
Documentsfilings and deeds
28-09-202659 days late
2025abbreviated format
Result from €142,622 to €84,472Staff from 14.4 FTE to 12.2 FTEInvestments €71,694Cash from €13,150 to €45,443
Key points
from the 2025 annual accountsResult
€84,472 ▼ 40.8%
The result fell in 2025 from €142,622 to €84,472.
Investments
€93,961 3.9 × depreciation
Green is investment, beige is depreciation.
Staff
12.2 FTE from 22.4 in 2017
Between 2017 and 2025, 46% of the full-time equivalents disappeared.
Filings
17 annual accounts since 2009
Eight of the last ten came late. The 2020 accounts came latest: 80 days after the end of the period.
Board
1 left
A director left. Latest change 13-01-2026 · 1 in office.
Checked score
63
Healthy
Financially stronger than 42% of small companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.5%▲ +0.1 percentage points vs 01-2025
03-2025: 1.7%▲ +0.2 percentage points vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.8%▲ +0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +0.3 percentage points vs 06-2025
08-2025: 2.9%▲ +0.8 percentage points vs 07-2025
09-2025: 3.3%▲ +0.4 percentage points vs 08-2025highest value
10-2025: 1.2%▼ -2.1 percentage points vs 09-2025lowest value
11-2025: 1.2%● unchanged vs 10-2025lowest value
12-2025: 1.2%● unchanged vs 11-2025lowest value
01-2026: 1.2%● unchanged vs 12-2025lowest value
02-2026: 1.3%▲ +0.1 percentage points vs 01-2026
03-2026: 1.5%▲ +0.2 percentage points vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.7%▲ +0.2 percentage points vs 06-2026
08-2026: 2.6%▲ +0.9 percentage points vs 07-2026
09-2026: 3.0%▲ +0.4 percentage points vs 08-2026
10-2026: 1.5%▼ -1.5 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 59 days late; 3 of the last 3 accounts late
Liquidity: current ratio 1.38, cash €45,443
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 53% of them on solvency, 16% on liquidity, 34% on profitability and 63% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as INDULEK PROJECTS has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
The bankruptcy probability of INDULEK PROJECTS itself is higher: 1.5% within 12 months. It rests on far more data about INDULEK PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for INDULEK PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.32 in 2024), below the usual 1.5. Short-term debt is 66.1% and cash 1.4% of total assets. 66.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
56 days late
2023
57 days late
2022
70 days late
2021
58 days late
2020
80 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 58 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Dupont Hans 100%score 54equity €165,498 (2026) · 31-03-2026 annual accounts of Dupont Hans
Recent changes
1 director resigning
Goossens Bart · Permanent representatives: Goossens Bart and Hans Dupont · General meeting of 19-11-2025 · Gazette deed
2 directors appointed
DUPONT HANS and GOOSSENS BART · Permanent representatives: DUPONT Hans and GOOSSENS Bart Sylvain Marie · General meeting of 24-03-2021 · Gazette deed
First establishment
Populierenstraat 1, Zottegem
Incorporation
published on 03-08-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INDULEK PROJECTS Zottegem | €3.2m | €1.0m | 33.7% | 12.2 |
| GREEN CONSTRUCT Theux | €3.2m | €0.7m | 16.8% | 9.7 |
| B.S.P. Construction Liège | €2.6m | €0.7m | 25.0% | 15.6 |
| TSK Industriebouw Hoogstraten | €3.5m | €1.5m | 91.1% | 10.1 |
| THIJS INDUSTRIEBOUW Pelt | €1.8m | €0.9m | 33.7% | 11.1 |
| Algemene Bouwwerken Mozaik Hasselt | €2.5m | €1.1m | 43.3% | 20.7 |
| B & G Genk | €1.8m | €1.6m | 29.0% | 13.4 |
These companies have the same main activity as INDULEK PROJECTS: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €1.8m and €3.5m, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 26-07-2007Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Establishment unit
- 2.164.221.9339620 Zottegem, since 07-08-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €1.7mestimated
- €3.2m▼ 3.8%
- Employeeson 31-12-2025
- 10▼ 33.3%
- Filing
- Filed on 28-09-2026
Insights on INDULEK PROJECTS
INDULEK PROJECTS files the abbreviated format. That format states no turnover. The gross margin rose from €382,138 in 2009 to €1.0m in 2025.
Dupont Hans holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INDULEK PROJECTS
- What is the company number of INDULEK PROJECTS?
- The company number of INDULEK PROJECTS is 0891.087.332. The VAT number is the same number with BE in front: BE 0891.087.332.
- Where is INDULEK PROJECTS based?
- The registered office is at Populierenstraat 1, 9620 Zottegem.Company details
- What does INDULEK PROJECTS do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of INDULEK PROJECTS?
- INDULEK PROJECTS is a private limited company (BV).
- When was INDULEK PROJECTS founded?
- INDULEK PROJECTS was founded on 26-07-2007.
- Is INDULEK PROJECTS still active?
- Yes, INDULEK PROJECTS is an active enterprise in the KBO register.
- How many employees does INDULEK PROJECTS have?
- INDULEK PROJECTS had an average of 12.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of INDULEK PROJECTS?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €1.0m and 1,585 comparable companies of the same size. It probably lies between €1.2m and €2.8m. It is a rough estimate.
- Is INDULEK PROJECTS profitable?
- In financial year 2025, INDULEK PROJECTS made a profit of €84,472.
- Where can I find the annual accounts of INDULEK PROJECTS?
- INDULEK PROJECTS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INDULEK PROJECTS due?
- INDULEK PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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