INDY
ActiveSummary
INDY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€25,877) and a net result of -€8,995. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 1856 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-6
Solvency19▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.39 in 2023; short-term debt: 22.7% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5.6%
Return on assets
-1.9%
Age of the figures
21 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€25,877
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
61 d late
2022
31 d late
2021
60 d late
2020
61 d late
2019
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
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 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 How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€25,877▼ 53.3%
2023 · -€16,881
Total assets
€462,029▼ 7.5%
2023 · €499,511
Net result
-€8,995
2023 · €11,016
Working capital
-€74,747▼ 0.3%
2023 · -€74,536
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20202021202220232024
Operating result-€64,805-€46,759▲ 27.8%€6,386€18,984▲ 197%-€7,599
Net result-€72,426below the sector's middle half-€49,087below the sector's middle half▲ 32.2%-€18,692below the sector's middle half▲ 61.9%€11,016within the sector's middle half-€8,995within the sector's middle half
Equity€39,883within the sector's middle half▼ 64.5%-€9,205within the sector's middle half-€27,897below the sector's middle half▼ 203%-€16,881below the sector's middle half▲ 39.5%-€25,877below the sector's middle half▼ 53.3%
Total assets€568,772within the sector's middle half▼ 13.6%€521,068within the sector's middle half▼ 8.4%€522,434within the sector's middle half▲ 0.3%€499,511within the sector's middle half▼ 4.4%€462,029within the sector's middle half▼ 7.5%
Debt€528,889▼ 3.2%€530,273▲ 0.3%€550,331▲ 3.8%€516,393▼ 6.2%€487,906▼ 5.5%
Working capital-€55,759within the sector's middle half▼ 245%-€79,107within the sector's middle half▼ 41.9%-€84,690within the sector's middle half▼ 7.1%-€74,536within the sector's middle half▲ 12.0%-€74,747within the sector's middle half▼ 0.3%
Solvency7.0%within the sector's middle half▼ 10.0pp-1.8%within the sector's middle half▼ 8.8pp-5.3%below the sector's middle half▼ 3.6pp-3.4%within the sector's middle half▲ 2.0pp-5.6%within the sector's middle half▼ 2.2pp
Current ratio0.26within the sector's middle half▼ 0.540.13below the sector's middle half▼ 0.130.35within the sector's middle half▲ 0.210.39within the sector's middle half▲ 0.050.29within the sector's middle half▼ 0.11
Return on assets (ROA)-12.7%below the sector's middle half▼ 16.6pp-9.4%below the sector's middle half▲ 3.3pp-3.6%within the sector's middle half▲ 5.8pp2.2%within the sector's middle half▲ 5.8pp-1.9%within the sector's middle half▼ 4.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,599 after €18,984 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €462,029
Fixed assets
€432,086 ▼ 4.3%
Current assets
€29,943 ▼ 37.8%
Key figures and ratios
EBITDA
€23,861▼
2023 · €51,440
Cash flow
€22,465▼
2023 · €43,471
Quick ratio
0.21▼
2023 · 0.32
Debt to equity
-18.85▲
2023 · -30.59
Interest coverage
26.51▲
2023 · 7.02
Debt ≤ 1 year
€104,690▼
2023 · €122,653
Debt > 1 year
€383,216▼
2023 · €393,740
Income taxes
€498▼
2023 · €639
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 1,216 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44 | €272 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,320 | €37,846 | €32,248 | €32,456 | €31,461 | ▼ 3.1% |
| Other operating charges640/8 | - | €23,874 | €26,570 | €30,830 | €22,931 | ▼ 25.6% |
| Non-recurring operating charges66A | - | €2,210 | €0 | - | €692 | - |
| Gross operating margin9900 | €11,596 | €17,215 | €65,476 | €82,270 | €47,484 | ▼ 42.3% |
| Operating profit (loss)9901 | -€64,805 | -€46,759 | €6,386 | €18,984 | -€7,599 | ▼ 140% |
| Financial income75/76B | - | €0 | €5 | €1 | €2 | ▲ 237% |
| Recurring financial income75 | €0 | €0 | €5 | €1 | €2 | ▲ 237% |
| Financial charges65/66B | - | €2,329 | €25,083 | €7,330 | €900 | ▼ 87.7% |
| Recurring financial charges65 | €7,028 | €2,329 | €25,083 | €7,330 | €900 | ▼ 87.7% |
| Profit (loss) for the period before taxes9903 | -€71,833 | -€49,087 | -€18,692 | €11,655 | -€8,497 | ▼ 173% |
| Income taxes67/77 | €593 | €0 | - | €639 | €498 | ▼ 22.1% |
| Profit (loss) for the period9904 | -€72,426 | -€49,087 | -€18,692 | €11,016 | -€8,995 | ▼ 182% |
| Profit (loss) for the period to be appropriated9905 | -€72,426 | -€49,087 | -€18,692 | €11,016 | -€8,995 | ▼ 182% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €568,772 | €521,068 | €522,434 | €499,511 | €462,029 | ▼ 7.5% |
| Fixed assets21/28 | €548,805 | €508,748 | €477,650 | €451,395 | €432,086 | ▼ 4.3% |
| Tangible fixed assets22/27 | €548,385 | €508,328 | €477,230 | €450,945 | €431,546 | ▼ 4.3% |
| Land and buildings22 | - | €444,034 | €428,585 | €413,565 | €397,267 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €59,776 | €46,386 | €37,379 | €30,214 | ▼ 19.2% |
| Furniture and vehicles24 | - | €4,519 | €2,259 | €0 | €4,065 | - |
| Financial fixed assets28 | €420 | €420 | €420 | €450 | €540 | ▲ 20.0% |
| Current assets29/58 | €19,967 | €12,320 | €44,784 | €48,117 | €29,943 | ▼ 37.8% |
| Stocks and contracts in progress3 | €6,274 | €5,325 | €9,100 | €8,856 | €8,060 | ▼ 9.0% |
| Stocks30/36 | - | €5,325 | €9,100 | €8,856 | €8,060 | ▼ 9.0% |
| Amounts receivable within one year40/41 | €11,541 | €6,500 | €18,493 | €14,827 | €21,355 | ▲ 44.0% |
| Trade receivables40 | - | €2,550 | €17,423 | €5,985 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €3,951 | €1,069 | €8,843 | €21,355 | ▲ 142% |
| Cash at bank and in hand54/58 | €2,153 | €495 | €1,204 | €24,433 | €528 | ▼ 97.8% |
| Deferred charges and accrued income490/1 | - | - | €15,988 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €568,772 | €521,068 | €522,434 | €499,511 | €462,029 | ▼ 7.5% |
| Equity10/15 | €39,883 | -€9,205 | -€27,897 | -€16,881 | -€25,877 | ▼ 53.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €63,863 | €63,863 | €63,863 | €63,863 | €63,863 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €10,100 | €10,100 | €10,100 | €10,100 | = |
| Distributable reserves133 | - | €51,903 | €51,903 | €51,903 | €51,903 | = |
| Profit (loss) carried forward14 | -€36,380 | -€85,467 | -€104,160 | -€93,144 | -€102,140 | ▼ 9.7% |
| Amounts payable17/49 | €528,889 | €530,273 | €550,331 | €516,393 | €487,906 | ▼ 5.5% |
| Amounts payable after more than one year17 | €453,163 | €438,845 | €420,857 | €393,740 | €383,216 | ▼ 2.7% |
| Financial debts170/4 | - | €438,845 | €420,857 | €393,740 | €383,216 | ▼ 2.7% |
| Amounts payable within one year42/48 | €75,726 | €91,427 | €129,474 | €122,653 | €104,690 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | €4,333 | €18,328 | €27,117 | €14,392 | ▼ 46.9% |
| Trade debts44 | €18,658 | €23,786 | €37,440 | €41,257 | €37,067 | ▼ 10.2% |
| Suppliers440/4 | - | €23,786 | €37,440 | €41,257 | €37,067 | ▼ 10.2% |
| Advances received on contracts in progress46 | - | - | €16,988 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €593 | €0 | €639 | €2,065 | ▲ 223% |
| Taxes450/3 | - | €593 | €0 | €639 | €2,065 | ▲ 223% |
| Other amounts payable47/48 | - | €62,715 | €56,719 | €53,639 | €51,166 | ▼ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,426 | -€49,087 | -€18,692 | €11,016 | -€8,995 | ▼ 182% |
| + Depreciation and write-downs630 | €39,320 | €37,846 | €32,248 | €32,456 | €31,461 | ▼ 3.1% |
| Operating cash flow (approximation) | -€33,106 | -€11,241 | €13,556 | €43,471 | €22,465 | ▼ 48.3% |
| Investment in fixed assets (approximation) | - | €2,210 | -€1,150 | -€6,201 | -€12,152 | ▼ 96.0% |
| Change in cash | - | -€1,658 | €710 | €23,229 | -€23,906 | ▼ 203% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €11,016
Net result €11,016 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€72,426
Net result drops to -€72,426, the lowest in the series; recovery starts the following year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Highest result since 2018net €25,624 ▲4.8%
Net result €25,624, the highest in the series.
31-12
Financial
Equity above €100,000Eq €112,309 ▲37.5%
2 profitable years in a row build equity to €112,309.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2007
Ground area
72 m²
Building footprint
68 m²
Volume, LiDAR
905 m³
Parcel 11802B0046/05N000, Flanders · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bistro 7B'eau4 / B&B Antwerp Harbour View
since 20072.200.020.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0046/05N000 | Flanders | 72 m² | 1 · 68 m² | 19.1 m · 4 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
2022 · 1 entry · 1,351 EUR awarded · 1,351 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,351 EUR | 1,351 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.200.020.871
Similar companies · same sector, comparable size
Hotel Hemelhuys
BE 0891.917.176
Hasselt · Eq €40,212
De Brabanter C&L
BE 0791.576.022
Ninove · Eq €40,253
DE FABELS
BE 0846.325.196
Gent · Eq €39,339
RIVER LODGE
BE 0630.789.416
Anhée · Eq €40,506
HHM
BE 0480.144.555
Halen · Eq €39,221
Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 835 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893912408
Also
9925:BE0893912408
Registered
09-04-2026
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.