INDUROPE
ActiveSummary
INDUROPE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572,831 and a net result of -€39,886. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-40
Solvency77▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.61 in 2024; short-term debt: 41.3% and cash: 8.6% of total assets), and 47.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
7 d late
2022
34 d early
2021
6 d early
2020
36 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€39,886
2024 · €107,401
Working capital
€414,636▲ 1.8%
2024 · €407,256
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,954€52,700€109,552▲ 108%€163,457▲ 49.2%-€15,196
Net result-€46,570below the sector's middle half€28,661within the sector's middle half€74,802within the sector's middle half▲ 161%€107,401within the sector's middle half▲ 43.6%-€39,886below the sector's middle half
Equity€401,853within the sector's middle half▼ 10.4%€430,514within the sector's middle half▲ 7.1%€505,316within the sector's middle half▲ 17.4%€612,717within the sector's middle half▲ 21.3%€572,831below the sector's middle half▼ 6.5%
Total assets€1.4mwithin the sector's middle half▼ 25.2%€1.1mwithin the sector's middle half▼ 25.4%€949,157within the sector's middle half▼ 9.7%€1.3mwithin the sector's middle half▲ 37.6%€1.1mbelow the sector's middle half▼ 16.1%
Debt€1.0m▼ 29.9%€620,172▼ 38.3%€443,840▼ 28.4%€692,994▲ 56.1%€522,279▼ 24.6%
Working capital€156,401within the sector's middle half▼ 13.4%€264,657within the sector's middle half▲ 69.2%€315,033within the sector's middle half▲ 19.0%€407,256within the sector's middle half▲ 29.3%€414,636within the sector's middle half▲ 1.8%
Solvency28.5%within the sector's middle half▲ 4.7pp41.0%within the sector's middle half▲ 12.4pp53.2%within the sector's middle half▲ 12.3pp46.9%within the sector's middle half▼ 6.3pp52.3%within the sector's middle half▲ 5.4pp
Current ratio1.18below the sector's middle half▲ 0.031.47within the sector's middle half▲ 0.301.74within the sector's middle half▲ 0.271.61within the sector's middle half▼ 0.131.92within the sector's middle half▲ 0.31
Return on assets (ROA)-3.3%below the sector's middle half▼ 7.8pp2.7%within the sector's middle half▲ 6.0pp7.9%within the sector's middle half▲ 5.2pp8.2%within the sector's middle half▲ 0.3pp-3.6%below the sector's middle half▼ 11.9pp
Staff (FTE)17.9above the sector's middle half▼ 9.6%18.6above the sector's middle half▲ 3.9%15.7above the sector's middle half▼ 15.6%16above the sector's middle half▲ 1.9%16.8within the sector's middle half▲ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,196 after €163,457 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€228,533 ▼ 0.2%
Current assets
€866,578 ▼ 19.5%
Equity and liabilities €1.1m
Equity
€572,831 ▼ 6.5%
Debt
€522,279 ▼ 24.6%
Debt's share of the balance-sheet total falls from 53.1% to 47.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€69,398▼
2024 · €264,570
Cash flow
€44,708▼
2024 · €208,514
Quick ratio
1.24▲
2024 · 1.14
Debt to equity
0.91▼
2024 · 1.13
ROE
-7.0%▼
2024 · 17.5%
Interest coverage
2.93▼
2024 · 14.36
Debt ≤ 1 year
€451,941▼
2024 · €669,425
Debt > 1 year
€70,338▲
2024 · €23,569
Income taxes
€1,045▼
2024 · €37,732
Staff costs
€1.0m▲
2024 · €907,620
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,413 | €999,474 | - | €3,155 | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.1m | €856,774 | €907,620 | €1.0m | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140,636 | €126,609 | €84,619 | €101,113 | €84,594 | ▼ 16.3% |
| Other operating charges640/8 | €28,055 | €20,983 | €19,642 | €18,525 | €17,043 | ▼ 8.0% |
| Non-recurring operating charges66A | - | - | - | - | €3,256 | - |
| Gross operating margin9900 | €1.3m | €1.3m | €1.1m | €1.2m | €1.1m | ▼ 6.9% |
| Operating profit (loss)9901 | -€11,954 | €52,700 | €109,552 | €163,457 | -€15,196 | ▼ 109% |
| Financial income75/76B | €97 | €451 | €23 | €104 | €25 | ▼ 76.0% |
| Recurring financial income75 | €97 | €451 | €23 | €104 | €25 | ▼ 76.0% |
| Financial charges65/66B | €34,276 | €24,010 | €16,697 | €18,427 | €23,670 | ▲ 28.5% |
| Recurring financial charges65 | €34,276 | €24,010 | €16,697 | €18,427 | €23,670 | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | -€46,133 | €29,142 | €92,877 | €145,133 | -€38,842 | ▼ 127% |
| Income taxes67/77 | €437 | €481 | €18,075 | €37,732 | €1,045 | ▼ 97.2% |
| Profit (loss) for the period9904 | -€46,570 | €28,661 | €74,802 | €107,401 | -€39,886 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | -€46,570 | €28,661 | €74,802 | €107,401 | -€39,886 | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.1m | €949,157 | €1.3m | €1.1m | ▼ 16.1% |
| Fixed assets21/28 | €366,777 | €227,835 | €207,964 | €229,030 | €228,533 | ▼ 0.2% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €366,777 | €227,835 | €207,964 | €229,030 | €228,533 | ▼ 0.2% |
| Land and buildings22 | €225,526 | - | - | - | - | - |
| Plant, machinery and equipment23 | €26,404 | €138,463 | €147,312 | €136,644 | €110,954 | ▼ 18.8% |
| Furniture and vehicles24 | €53,564 | €36,236 | €26,847 | €81,298 | €115,130 | ▲ 41.6% |
| Leasing and similar rights25 | €61,283 | €53,135 | €33,804 | €11,088 | €2,448 | ▼ 77.9% |
| Current assets29/58 | €1.0m | €822,852 | €741,193 | €1.1m | €866,578 | ▼ 19.5% |
| Amounts receivable after more than one year29 | €100,000 | - | - | - | - | - |
| Other amounts receivable291 | €100,000 | - | - | - | - | - |
| Stocks and contracts in progress3 | €317,177 | €65,907 | €64,885 | €316,387 | €304,733 | ▼ 3.7% |
| Stocks30/36 | €213,055 | €65,907 | €39,064 | €224,283 | €210,850 | ▼ 6.0% |
| Contracts in progress37 | €104,122 | - | €25,821 | €92,104 | €93,883 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €348,906 | €489,465 | €511,838 | €673,644 | €467,669 | ▼ 30.6% |
| Trade receivables40 | €348,906 | €489,465 | €500,979 | €648,602 | €449,947 | ▼ 30.6% |
| Other amounts receivable41 | - | - | €10,859 | €25,042 | €17,722 | ▼ 29.2% |
| Cash at bank and in hand54/58 | €274,915 | €266,677 | €163,627 | €85,782 | €94,176 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | - | €803 | €843 | €868 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.1m | €949,157 | €1.3m | €1.1m | ▼ 16.1% |
| Equity10/15 | €401,853 | €430,514 | €505,316 | €612,717 | €572,831 | ▼ 6.5% |
| Contributions10/11 | €575,000 | €575,000 | €575,000 | €575,000 | €575,000 | = |
| Capital10 | €575,000 | €575,000 | €575,000 | €575,000 | €575,000 | = |
| Issued capital100 | €575,000 | €575,000 | €575,000 | €575,000 | €575,000 | = |
| Reserves13 | €57,530 | €57,530 | €57,530 | €57,530 | €57,530 | = |
| Non-distributable reserves130/1 | €57,530 | €57,530 | €57,530 | €57,530 | €57,530 | = |
| Legal reserve130 | €57,530 | €57,530 | €57,530 | €57,530 | €57,530 | = |
| Profit (loss) carried forward14 | -€230,677 | -€202,016 | -€127,214 | -€19,813 | -€59,699 | ▼ 201% |
| Amounts payable17/49 | €1.0m | €620,172 | €443,840 | €692,994 | €522,279 | ▼ 24.6% |
| Amounts payable after more than one year17 | €121,325 | €61,977 | €17,681 | €23,569 | €70,338 | ▲ 198% |
| Financial debts170/4 | €121,325 | €61,977 | €17,681 | €23,569 | €70,338 | ▲ 198% |
| Amounts payable within one year42/48 | €884,598 | €558,195 | €426,160 | €669,425 | €451,941 | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | €87,470 | €118,819 | €61,885 | €30,927 | €55,313 | ▲ 78.9% |
| Financial debts43 | €450,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | €450,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €110,307 | €196,181 | €118,567 | €304,973 | €79,612 | ▼ 73.9% |
| Suppliers440/4 | €110,307 | €196,181 | €118,567 | €304,973 | €79,612 | ▼ 73.9% |
| Taxes, remuneration and social security45 | €235,770 | €192,685 | €195,707 | €281,741 | €265,543 | ▼ 5.7% |
| Taxes450/3 | €75,361 | €51,751 | €67,472 | €137,916 | €70,887 | ▼ 48.6% |
| Remuneration and social security454/9 | €160,409 | €140,934 | €128,235 | €143,825 | €194,656 | ▲ 35.3% |
| Other amounts payable47/48 | €1,051 | €510 | - | €1,784 | €1,474 | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,570 | €28,661 | €74,802 | €107,401 | -€39,886 | ▼ 137% |
| + Depreciation and write-downs630 | €140,636 | €126,609 | €84,619 | €101,113 | €84,594 | ▼ 16.3% |
| Operating cash flow (approximation) | €94,066 | €155,269 | €159,422 | €208,514 | €44,708 | ▼ 78.6% |
| Investment in fixed assets (approximation) | - | €12,334 | -€64,749 | -€122,179 | -€84,097 | ▲ 31.2% |
| Change in cash | - | -€8,238 | -€103,049 | -€77,845 | €8,393 | ▲ 111% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €107,401 ▲43.6%
Net result €107,401, the highest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
31-12
Financial
Equity above €500,000Eq €505,316 ▲17.4%
2 profitable years in a row build equity to €505,316.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €28,661
Net result €28,661 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€46,570
Net result drops to -€46,570, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
10-07
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Asse · 1 establishment unit since 1996
Ground area
6,140 m²
Building footprint
3,330 m²
Volume, LiDAR
25,682 m³
Parcel 23053B0228/00E002, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INDUROPE
since 19962.075.457.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0228/00E002 | Flanders | 6,140 m² | 1 · 3,330 m² | 9.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 2,444 EUR awarded · 2,444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,349 EUR | 1,349 EUR |
| 2023 | 1 | 1,095 EUR | 1,095 EUR |
European Union, budget
2025 · 2 entries · 45,662 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 2 | 45,662 EUR |
Projects
BUILDING MAINTENANCE SERVICES AND TECHNICAL SUPPORT
Recognitions · licences · registrations
Recognised contractor
4 categoriesINDUROPE NV41564
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Of 211 companies in sector 28299 we hold annual accounts for 154. 113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-1996
Fiscal year end31-12
Abbreviation NL
I.H.T.
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457302243
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.