INDUMMO
ActiveINDUMMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.96M and a net result of €315k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-1
Solvency87▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.63 in 2024; short-term debt: 33.4% and cash: 1% of total assets), and 38.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
61.7%
Return on assets
2.8%
Age of the figures
9 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
14 d early
2023
19 d early
2022
7 d early
2021
30 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€315k▲ 12.5%
2024 · €280k
2018: €348k
2019: €411k
2020: €386k
2021: €442k
2022: €450k
2023: €333k
2024: €280k
2018 → 2025
Working capital
€-3.24M▼ 405%
2024 · €-641k
2018: €226k
2019: €95k
2020: €-61k
2021: €-412k
2022: €1.48M
2023: €1.07M
2024: €-641k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.08M-€6.03M▲ 47.8%€6.37M▲ 5.5%€6.65M▲ 4.4%€6.96M▲ 4.7%
Operating result€549k-€545k▼ 0.6%€432k▼ 20.8%€287k▼ 33.6%€341k▲ 18.9%
Net result€442k-€450k▲ 1.8%€333k▼ 26.0%€280k▼ 16.0%€315k▲ 12.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.28M
Fixed assets
€10.75M▲ 32.7%
Current assets
€528k▼ 52.0%
Equity and liabilities €11.28M
Equity
€6.96M▲ 4.7%
Debt
€4.32M▲ 68.9%
The debt ratio rises from 27.8% to 38.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€616k▲
2024 · €494k
Cash flow
€590k▲
2024 · €488k
Solvency
61.7%▼
2024 · 72.2%
Current ratio
0.14▼
2024 · 0.63
Quick ratio
0.14▼
2024 · 0.63
Debt / equity
0.62▲
2024 · 0.38
ROE
4.5%▲
2024 · 4.2%
ROA
2.8%▼
2024 · 3.0%
Interest coverage
41.35▲
2024 · 15.64
Debt
€4.32M▲
2024 · €2.56M
Debt ≤ 1 year
€3.77M▲
2024 · €1.74M
Debt > 1 year
€554k▼
2024 · €808k
Income taxes
€22k▲
2024 · €-20k
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€9.20M€11.28M▲
Fixed assets21/28€8.10M€10.75M▲
Tangible fixed assets22/27€8.10M€10.75M▲
Land and buildings22€5.80M€7.52M▲
Plant, machinery and equipment23€151k€122k▼
Furniture and vehicles24€9k€7k▼
Assets under construction and advance payments27€2.14M€3.10M▲
Financial fixed assets28€1k€1k=
Current assets29/58€1.10M€528k▼
Amounts receivable within one year40/41€286k€383k▲
Trade receivables40€57k€205k▲
Other amounts receivable41€229k€178k▼
Cash at bank and in hand54/58€806k€117k▼
Deferred charges and accrued income490/1€8k€28k▲
Equity and liabilities
Total equity and liabilities10/49€9.20M€11.28M▲
Equity10/15€6.65M€6.96M▲
Contributions10/11€1.56M€1.56M=
Capital10€1.56M€1.56M=
Issued capital100€1.56M€1.56M=
Reserves13€156k€156k=
Non-distributable reserves130/1€156k€156k=
Legal reserve130€156k€156k=
Profit (loss) carried forward14€4.93M€5.24M▲
Amounts payable17/49€2.56M€4.32M▲
Amounts payable after more than one year17€808k€554k▼
Financial debts170/4€808k€554k▼
Amounts payable within one year42/48€1.74M€3.77M▲
Current portion of amounts payable after more than one year42€354k€262k▼
Trade debts44€276k€65k▼
Suppliers440/4€276k€65k▼
Advances received on contracts in progress46-€213
Taxes, remuneration and social security45€9k-
Taxes450/3€9k-
Other amounts payable47/48€1.10M€3.44M▲
Accrued charges and deferred income492/3€9k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€208k€275k▲
Other operating charges640/8€180k€152k▼
Gross operating margin9900€675k€768k▲
Operating profit (loss)9901€287k€341k▲
Financial income75/76B€5k€11k▲
Recurring financial income75€5k€11k▲
Financial charges65/66B€32k€15k▼
Recurring financial charges65€32k€15k▼
Profit (loss) for the period before taxes9903€260k€337k▲
Income taxes67/77€-20k€22k▲
Profit (loss) for the period9904€280k€315k▲
Profit (loss) for the period to be appropriated9905€280k€315k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.93M€5.24M▲
Profit (loss) brought forward from the previous period14P€4.65M€4.93M▲
The notes to these accounts (7 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €280k ▼16%
Net result drops to €280k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €450k ▲1.8%
Net result €450k, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 4.12
Current ratio from 0.50 to 4.12; short-term debt falls from €828k to €476k.
31-12
Financial
Equity above €5MEq €6.03M ▲47.8%
5 profitable years in a row build equity to €6.03M.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
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
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, Maldegem · 1 establishment unit since 2000
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.
Koekoeklaan 539991 MaldegemGround area
4,348 m²
Building footprint
1,835 m²
Volume, LiDAR
13,572 m³
2 parcels, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koekoeklaan 536, 9991 Maldegem
since 20002.115.799.335
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001B0421/00K003 | Flanders | 3,571 m² | 1 · 1,659 m² | 7.9 m · 3 fl. |
| 43001B0469/00F000 | Flanders | 777 m² | 1 · 175 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 to 2025 · 2 entries · 299,981 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 199,981 EUR | 0 EUR |
| 2024 | 1 | 100,000 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 2,666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1999
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.