INDUSCLEAN
ActiveSummary
INDUSCLEAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €1.5m. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 1223 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency78▲+29
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 0.56 in 2024; short-term debt: 47.1% and cash: 7.8% of total assets), and 47.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
52.8%
Return on assets
58.6%
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
58 d early
2023
51 d early
2022
46 d early
2021
33 d early
2020
31 d early
2019
31 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 45 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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 11 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Sint-Gillis-Waas, Administrative and support services sector#4 company by equity in Sint-Gillis-Waas, Administrative and support services sector
Equity
€1.4m▲ 151%
2024 · €548,476
Total assets
€2.6m▲ 14.8%
2024 · €2.3m
Net result
€1.5m▲ 89.9%
2024 · €805,276
Working capital
€877,025
2024 · -€736,428
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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€547,507▲ 3.3%€654,330▲ 19.5%€769,824▲ 17.7%€811,685▲ 5.4%€1.5m▲ 89.7%
Net result€523,991above the sector's middle half▲ 0.9%€646,974above the sector's middle half▲ 23.5%€758,458above the sector's middle half▲ 17.2%€805,276above the sector's middle half▲ 6.2%€1.5mabove the sector's middle half▲ 89.9%
Equity€1.1mabove the sector's middle half▲ 14.7%€1.3mabove the sector's middle half▲ 22.8%€1.6mabove the sector's middle half▲ 22.8%€548,476within the sector's middle half▼ 66.4%€1.4mabove the sector's middle half▲ 151%
Total assets€1.9mabove the sector's middle half▲ 0.7%€2.3mabove the sector's middle half▲ 20.9%€2.3mabove the sector's middle half▼ 1.8%€2.3mabove the sector's middle half▲ 0.7%€2.6mabove the sector's middle half▲ 14.8%
Debt€819,244▼ 13.2%€970,084▲ 18.4%€625,878▼ 35.5%€1.7m▲ 176%€1.2m▼ 28.6%
Working capital€21,291within the sector's middle half-€32,437below the sector's middle half€386,349within the sector's middle half-€736,428below the sector's middle half€877,025above the sector's middle half
Solvency56.9%within the sector's middle half▲ 6.9pp57.8%within the sector's middle half▲ 0.9pp72.3%above the sector's middle half▲ 14.5pp24.1%within the sector's middle half▼ 48.2pp52.8%within the sector's middle half▲ 28.7pp
Current ratio1.04within the sector's middle half▲ 0.180.96below the sector's middle half▼ 0.081.77within the sector's middle half▲ 0.820.56below the sector's middle half▼ 1.211.71within the sector's middle half▲ 1.15
Return on assets (ROA)27.6%above the sector's middle half▲ 0.1pp28.1%above the sector's middle half▲ 0.6pp33.6%above the sector's middle half▲ 5.4pp35.4%above the sector's middle half▲ 1.8pp58.6%above the sector's middle half▲ 23.2pp
Staff (FTE)9.2within the sector's middle half▲ 8.2%8.8within the sector's middle half▼ 4.3%8.8within the sector's middle half=10.4within the sector's middle half▲ 18.2%10.8within the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€503,472 ▼ 61.9%
Current assets
€2.1m ▲ 121%
Equity and liabilities €2.6m
Equity
€1.4m ▲ 151%
Debt
€1.2m ▼ 28.6%
Debt's share of the balance-sheet total falls from 75.9% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.7m▲
2024 · €982,035
Cash flow
€1.7m▲
2024 · €975,625
Quick ratio
1.70▲
2024 · 0.56
Debt to equity
0.89▼
2024 · 3.15
ROE
111.0%▼
2024 · 146.8%
Interest coverage
247.00▲
2024 · 154.23
Debt ≤ 1 year
€1.2m▼
2024 · €1.7m
Debt > 1 year
€0▼
2024 · €36,191
Income taxes
€6,828▲
2024 · €6,734
Staff costs
€786,571▲
2024 · €662,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 | - | - | - | - | €690,309 | - |
| Remuneration, social security and pensions62 | €551,853 | €561,477 | €567,965 | €662,863 | €786,571 | ▲ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163,682 | €181,040 | €240,487 | €170,350 | €184,391 | ▲ 8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,093 | €623 | ▲ 157% |
| Other operating charges640/8 | €3,783 | €4,256 | €6,114 | €8,712 | €2,694 | ▼ 69.1% |
| Non-recurring operating charges66A | €0 | - | €515 | €0 | €4,000 | - |
| Gross operating margin9900 | €1.3m | €1.4m | €1.6m | €1.7m | €2.5m | ▲ 52.4% |
| Operating profit (loss)9901 | €547,507 | €654,330 | €769,824 | €811,685 | €1.5m | ▲ 89.7% |
| Financial income75/76B | €62 | €31 | €1,387 | €6,692 | €3,744 | ▼ 44.1% |
| Recurring financial income75 | €62 | €31 | €1,387 | €6,692 | €3,744 | ▼ 44.1% |
| Financial charges65/66B | €8,898 | €7,086 | €5,907 | €6,367 | €6,980 | ▲ 9.6% |
| Recurring financial charges65 | €8,898 | €7,086 | €5,907 | €6,367 | €6,980 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €538,671 | €647,275 | €765,304 | €812,009 | €1.5m | ▲ 89.2% |
| Income taxes67/77 | €14,680 | €300 | €6,845 | €6,734 | €6,828 | ▲ 1.4% |
| Profit (loss) for the period9904 | €523,991 | €646,974 | €758,458 | €805,276 | €1.5m | ▲ 89.9% |
| Profit (loss) for the period to be appropriated9905 | €523,991 | €646,974 | €758,458 | €805,276 | €1.5m | ▲ 89.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.3m | €2.3m | €2.3m | €2.6m | ▲ 14.8% |
| Fixed assets21/28 | €1.3m | €1.5m | €1.4m | €1.3m | €503,472 | ▼ 61.9% |
| Intangible fixed assets21 | €24,130 | €22,958 | €22,108 | €26,530 | €16,824 | ▼ 36.6% |
| Tangible fixed assets22/27 | €515,058 | €725,313 | €568,107 | €512,168 | €484,838 | ▼ 5.3% |
| Plant, machinery and equipment23 | €309,545 | €557,220 | €431,878 | €392,147 | €309,900 | ▼ 21.0% |
| Furniture and vehicles24 | €8,691 | €4,880 | €5,888 | €5,558 | €86,076 | ▲ 1,449% |
| Leasing and similar rights25 | €15,361 | €7,680 | €0 | - | - | - |
| Other tangible fixed assets26 | €181,462 | €155,532 | €130,340 | €114,463 | €88,863 | ▼ 22.4% |
| Financial fixed assets28 | €783,019 | €783,019 | €783,019 | €783,059 | €1,810 | ▼ 99.8% |
| Current assets29/58 | €578,857 | €767,588 | €884,896 | €952,889 | €2.1m | ▲ 121% |
| Amounts receivable after more than one year29 | - | €6,080 | €0 | - | - | - |
| Other amounts receivable291 | - | €6,080 | €0 | - | - | - |
| Stocks and contracts in progress3 | €10,750 | €7,112 | €20,448 | €9,316 | €9,645 | ▲ 3.5% |
| Stocks30/36 | €10,750 | €7,112 | €20,448 | €9,316 | €9,645 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €317,608 | €478,031 | €496,025 | €446,412 | €1.8m | ▲ 294% |
| Trade receivables40 | €315,215 | €429,953 | €406,376 | €429,808 | €464,358 | ▲ 8.0% |
| Other amounts receivable41 | €2,394 | €48,078 | €89,650 | €16,604 | €1.3m | ▲ 7,708% |
| Current investments50/53 | - | - | €100,000 | €205,146 | €106,421 | ▼ 48.1% |
| Cash at bank and in hand54/58 | €250,499 | €276,365 | €255,554 | €281,671 | €203,602 | ▼ 27.7% |
| Deferred charges and accrued income490/1 | €0 | - | €12,868 | €10,344 | €27,077 | ▲ 162% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.3m | €2.3m | €2.3m | €2.6m | ▲ 14.8% |
| Equity10/15 | €1.1m | €1.3m | €1.6m | €548,476 | €1.4m | ▲ 151% |
| Contributions10/11 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Capital10 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Issued capital100 | €312,000 | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Reserves13 | €769,820 | €1.0m | €1.3m | €236,476 | €1.1m | ▲ 351% |
| Non-distributable reserves130/1 | €30,018 | €31,200 | €31,200 | €31,200 | €31,200 | = |
| Legal reserve130 | €30,018 | €31,200 | €31,200 | €31,200 | €31,200 | = |
| Distributable reserves133 | €739,801 | €985,594 | €1.3m | €205,276 | €1.0m | ▲ 404% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €819,244 | €970,084 | €625,878 | €1.7m | €1.2m | ▼ 28.6% |
| Amounts payable after more than one year17 | €223,885 | €156,656 | €97,116 | €36,191 | €0 | ▼ 100% |
| Financial debts170/4 | €223,885 | €156,656 | €97,116 | €36,191 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €557,566 | €800,025 | €498,547 | €1.7m | €1.2m | ▼ 27.2% |
| Current portion of amounts payable after more than one year42 | €66,564 | €67,229 | €59,541 | €60,925 | €36,191 | ▼ 40.6% |
| Trade debts44 | €277,747 | €509,209 | €376,862 | €272,479 | €372,710 | ▲ 36.8% |
| Suppliers440/4 | €277,747 | €509,209 | €376,862 | €272,479 | €372,710 | ▲ 36.8% |
| Taxes, remuneration and social security45 | €51,450 | €61,782 | €51,834 | €86,551 | €121,571 | ▲ 40.5% |
| Taxes450/3 | €12,607 | €9,980 | €1,783 | €13,228 | €19,967 | ▲ 50.9% |
| Remuneration and social security454/9 | €38,843 | €51,802 | €50,052 | €73,322 | €101,604 | ▲ 38.6% |
| Other amounts payable47/48 | €161,805 | €161,805 | €10,309 | €1.3m | €700,071 | ▼ 44.8% |
| Accrued charges and deferred income492/3 | €37,793 | €13,403 | €30,215 | €662 | €2,500 | ▲ 278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €523,991 | €646,974 | €758,458 | €805,276 | €1.5m | ▲ 89.9% |
| + Depreciation and write-downs630 | €163,682 | €181,040 | €240,487 | €170,350 | €184,391 | ▲ 8.2% |
| Operating cash flow (approximation) | €687,673 | €828,014 | €998,946 | €975,625 | €1.7m | ▲ 75.7% |
| Investment in fixed assets (approximation) | - | -€390,123 | -€82,432 | -€118,872 | €633,894 | ▲ 633% |
| Change in cash | - | €25,866 | -€20,811 | €26,117 | -€78,069 | ▼ 399% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.5m ▲89.9%
Operating result €1.5m, net result €1.5m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.71
Current ratio from 0.56 to 1.71; short-term debt falls from €1.7m to €1.2m.
31-12
Financial
Equity above €1mEq €1.4m ▲151%
8 profitable years in a row build equity to €1.4m.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.1m ▲14.7%
4 profitable years in a row build equity to €1.1m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲90.7%
2 profitable years in a row build equity to €1.1m.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
19 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, Sint-Gillis-Waas · 1 establishment unit since 2002
Ground area
4,621 m²
Building footprint
1,566 m²
Volume, LiDAR
6,300 m³
Parcel 46020C1764/00D000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INDUSCLEAN
since 20022.096.182.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020C1764/00D000 | Flanders | 4,621 m² | 1 · 1,566 m² | 7.9 m · 1 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 ownerChain of control
- THE EXPERTS GROUP
- INDUSCLEAN
Highest known parent: THE EXPERTS GROUP. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2024 annual accounts of INDUSCLEAN 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 27,757 EUR awarded · 27,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,489 EUR | 9,287 EUR |
| 2024 | 2 | 3,994 EUR | 3,881 EUR |
| 2023 | 2 | 9,790 EUR | 9,946 EUR |
| 2022 | 2 | 4,484 EUR | 4,484 EUR |
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 734 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
Founded26-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477843675
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.