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INDUPAR

Active
Private limited companyfounded 20188 yrs activeVaartkant Rechts 26, 2960 Brecht, BelgiumKBO/BCE: BE 0700.331.189
Summary

INDUPAR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of -€7,347. Equity is growing by ~33% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37=
Solvency39=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.04 against 0.0 in 2024; short-term debt: 86.3% and cash: 3.4% of total assets), and 86.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
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 01-10-2025, 30 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
30 d early
2024
8 d early
2023
9 d late
2022
16 d late
2021
2 d early
2020
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 July 2018, INDUPAR was incorporated.1 Total assets went from EUR 12 million in 2020 to EUR 15 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€2.1m▼ 0.4%
2024 · €2.1m
Total assets
€15.0m▲ 3.7%
2024 · €14.5m
Net result
-€7,347▲ 83.0%
2024 · -€43,285
Working capital
-€12.4m▼ 0.4%
2024 · -€12.4m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,535▼ 12.1%-€2,536▼ 0.1%-€3,067▼ 20.9%-€6,974▼ 127%-€7,254▼ 4.0%
Net result€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Equity€701,970▲ 10,030%€669,843▼ 4.6%€2.1m▲ 215%€2.1m▼ 2.1%€2.1m▼ 0.4%
Total assets€10.7m▼ 7.9%€10.1m▼ 5.6%€11.2m▲ 10.1%€14.5m▲ 29.5%€15.0m▲ 3.7%
Debt€10.0m▼ 13.9%€9.5m▼ 5.6%€9.1m▼ 4.4%€12.4m▲ 36.8%€12.9m▲ 4.4%
Working capital-€5.1m▼ 0.5%-€5.8m▼ 15.5%-€4.9m▲ 16.0%-€12.4m▼ 152%-€12.4m▼ 0.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0m€1.5mOperating result 2021: -€2,535-€2,535Net result 2021: €695,040€695,040Operating result 2022: -€2,536-€2,536Net result 2022: -€32,127-€32,127Operating result 2023: -€3,067-€3,067Net result 2023: €1.4m€1.4mOperating result 2024: -€6,974-€6,974Net result 2024: -€43,285-€43,285Operating result 2025: -€7,254-€7,254Net result 2025: -€7,347-€7,34720212022202320242025-€500,000€0€500,000€1m€1.5mOperating result 2023: -€3,067-€3,070Net result 2023: €1.4m€1.4mOperating result 2024: -€6,974-€6,970Net result 2024: -€43,285-€43,300Operating result 2025: -€7,254-€7,250Net result 2025: -€7,347-€7,350202320242025
The operating result stays negative: a loss of €7,254 in 2025 against €6,974 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.0m
Fixed assets €14.5m ▲ 0.3%
Current assets €505,529 ▲ 6,423%
Equity and liabilities €15.0m
Equity €2.1m ▼ 0.4%
Debt €12.9m ▲ 4.4%
Debt's share of the balance-sheet total rises from 85.7% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.04▲
2024 · 0.00
Debt to equity
6.28▲
2024 · 6.00
ROE
-0.4%▲
2024 · -2.1%
ROA
0.0%▲
2024 · -0.3%
Debt ≤ 1 year
€12.9m▲
2024 · €12.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€14.5m€15.0m▲
Fixed assets21/28€14.5m€14.5m▲
Financial fixed assets28€14.5m€14.5m▲
Current assets29/58€7,750€505,529▲
Cash at bank and in hand54/58€7,750€505,529▲
Equity and liabilities
Total equity and liabilities10/49€14.5m€15.0m▲
Equity10/15€2.1m€2.1m▼
Contributions10/11€21,000€21,000=
Reserves13€2.0m€2.0m▼
Distributable reserves133€2.0m€2.0m▼
Amounts payable17/49€12.4m€12.9m▲
Amounts payable within one year42/48€12.4m€12.9m▲
Other amounts payable47/48€12.4m€12.9m▲
Income statement Code20242025
Other operating charges640/8€1,069€1,086▲
Gross operating margin9900-€5,905-€6,168▼
Operating profit (loss)9901-€6,974-€7,254▼
Financial income75/76B€21,221-
Recurring financial income75€21,221-
Financial charges65/66B€57,532€93▼
Recurring financial charges65€57,532€93▼
Profit (loss) for the period before taxes9903-€43,285-€7,347▲
Profit (loss) for the period9904-€43,285-€7,347▲
Profit (loss) for the period to be appropriated9905-€43,285-€7,347▲
Appropriation of the result
Profit (loss) to be appropriated9906-€43,285-€7,347▲
Transfer from equity791/2€43,285€7,347▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8--€970€1,069€1,086▲ 1.5%
Gross operating margin9900-€2,535-€2,536-€2,097-€5,905-€6,168▼ 4.5%
Operating profit (loss)9901-€2,535-€2,536-€3,067-€6,974-€7,254▼ 4.0%
Financial income75/76B--€1.5m€21,221--
Recurring financial income75€711,798-€1.5m€21,221--
Financial charges65/66B-€29,591€60,373€57,532€93▼ 99.8%
Recurring financial charges65€34,426€29,591€60,373€57,532€93▼ 99.8%
Profit (loss) for the period before taxes9903€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Profit (loss) for the period9904€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Profit (loss) for the period to be appropriated9905€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Line20212022202320242025Change
Assets
Total assets20/58€10.7m€10.1m€11.2m€14.5m€15.0m▲ 3.7%
Fixed assets21/28€8.3m€8.3m€8.3m€14.5m€14.5m▲ 0.3%
Financial fixed assets28€8.3m€8.3m€8.3m€14.5m€14.5m▲ 0.3%
Current assets29/58€2.4m€1.8m€2.9m€7,750€505,529▲ 6,423%
Amounts receivable within one year40/41-€25,000----
Other amounts receivable41-€25,000----
Current investments50/53€1.5m€1.5m€1.5m---
Cash at bank and in hand54/58€923,466€301,837€1.4m€7,750€505,529▲ 6,423%
Equity and liabilities
Total equity and liabilities10/49€10.7m€10.1m€11.2m€14.5m€15.0m▲ 3.7%
Equity10/15€701,970€669,843€2.1m€2.1m€2.1m▼ 0.4%
Contributions10/11-€21,000€21,000€21,000€21,000=
Reserves13€680,970€680,970€2.1m€2.0m€2.0m▼ 0.4%
Distributable reserves133-€680,970€2.1m€2.0m€2.0m▼ 0.4%
Profit (loss) carried forward14--€32,127----
Amounts payable17/49€10.0m€9.5m€9.1m€12.4m€12.9m▲ 4.4%
Amounts payable after more than one year17€2.5m€1.8m€1.3m---
Financial debts170/4-€1.8m€1.3m---
Amounts payable within one year42/48€7.5m€7.7m€7.8m€12.4m€12.9m▲ 4.4%
Current portion of amounts payable after more than one year42-€747,382€754,949---
Other amounts payable47/48-€6.9m€7.0m€12.4m€12.9m▲ 4.4%
Accrued charges and deferred income492/3-€12,806€10,296---
Line20212022202320242025Change
Profit (loss) for the period9904€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Operating cash flow (approximation)€695,040-€32,127€1.4m-€43,285-€7,347▲ 83.0%
Investment in fixed assets (approximation)-€0€0-€6.1m-€43,875▲ 99.3%
Change in cash--€621,628€1.1m-€1.4m€497,778▲ 137%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
01-10
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial Weakest financial yearnet -€43,285
Net result drops to -€43,285, the lowest in the series; recovery starts the following year.
2023
09-11
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
31-03
Financial Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
31-03
Financial Equity above €2mEq €2.1m ▲215%
Equity rises from €669,843 to €2.1m.
2022
16-11
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Back to profitnet €695,040
Net result €695,040 after one loss-making year.
31-03
Financial Equity above €500,000Eq €701,970 ▲10,030%
Equity rises from €6,930 to €701,970.
2020
12-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Brecht · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
3,979 m²
Building footprint
400 m²
Volume, LiDAR
1,952 m³
Parcel 11043C0306/00Y000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
INDUPAR
Vaartkant Rechts 26, 2960 BrechtFinancial service activities, except insurance and pension funding
since 20182.281.228.578
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11043C0306/00Y000 Flanders 3,979 m² 1 · 400 m² 9.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding · 6 subsidiaries in the tree

Owners 0

The accounts to 31-03-2023 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 6

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the annual accounts to 31-03-2023 of INDUPAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded23-07-2018
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.