InGeen · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of InGeen is 2.4% (moderate). The 2025 annual accounts show equity of €23k and a net result of €14k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 2873 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	30-04-2026	92 d early	2026-00095403
31-12-2024	31-07-2025	30-06-2025	31 d early	2025-00207744
31-12-2023	31-07-2024	30-06-2024	31 d early	2024-00207278
31-12-2022	31-07-2023	30-06-2023	31 d early	2023-00193467

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.4% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€14k+1601.4%

Working capital€15k+90.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~7.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	45.1%	43.4%	better than 52% of 2873 sector peers
Net result	€14k	€13k	better than 51% of 2872 sector peers
Equity	€23k	€44k	better than 31% of 2873 sector peers
Gross operating margin	€27k	€39k	better than 38% of 2870 sector peers
Total assets	€51k	€115k	better than 21% of 2873 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P52

Improving position over 2022-2025 · n=2873-11088

Net result P51

Weakening position over 2022-2025 · n=2872-11070

Equity P31

Stable position over 2022-2025 · n=2873-11091

Gross operating margin P38

Weakening position over 2022-2025 · n=2870-11060

Describes the position versus peers, not a forecast.

EBITDA

€27k

+155.1% 22-25

Net profit

€14k

+1601.4% 22-25

Cash flow

€22k

+125.1% 22-25

Total assets

€51k

+68.0% 22-25

Equity

€23k

-1.9% 22-25

Working capital

€15k

+90.9% 22-25

Staff costs

€12

- 22-25

Income taxes

€4k

+1202.7% 22-25

Dividends

€15k

-49.3% 22-25

Debt

€28k

+303.5% 22-25

Debt ≤ 1y

€28k

+303.5% 22-25

Current ratio

1.52

-27.5% 22-25

Quick ratio

1.52

-22.1% 22-25

Solvency

45.1%

-41.6% 22-25

Debt / equity

1.22

+311.2% 22-25

ROE

62.0%

+1633.9% 22-25

ROA

27.9%

+912.8% 22-25

Interest coverage

169.52

+157.2% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€27k
Net profit	€14k
Cash flow	€22k
Staff costs	-
Income taxes	€4k
Dividends	€15k
Total assets	€51k
Equity	€23k
Debt	€28k
of which ≤ 1y	€28k
of which > 1y	-
Working capital	€15k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.52
Quick ratio	1.52
Working capital ratio	28.4%
Solvency	45.1%
Debt / equity	1.22
Long-term debt ratio	-
Interest coverage	169.52
Gross margin	-
Net margin	-
ROA	27.9%
ROE	62.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €9k · 16.7% Current assets €43k · 83.4%

Equity & liabilities

Equity €23k · 45.1% Debt €28k · 55.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€51k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€6k
Financial fixed assets	28	€2k
Current assets	29/58	€43k
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€36k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€51k
Equity	10/15	€23k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€21k
Amounts payable	17/49	€28k
Amounts payable within one year	42/48	€28k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€27k
Operating result	9901	€18k
Financial income	75	€20
Financial charges	65	€156
Result before taxes	9903	€18k
Income taxes	67/77	€4k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

91 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Rue Alexandre Colin(CH) 68, 5020 Namur

Schrijnwerk

since 20212.323.616.489

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area744 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92024D0358/00V000	Wallonia	744 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

12-02-2025

Registered-office move

All acts · 1 updated 1 year ago

2025

12-02-2025 Registered office moved within Namur Registered-office change

Rue de Fernelmont 22 - 5020 Namur → Rue Alexandre Colin 68 à 5020 Namur

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

83 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 91

Profitability 100

Solvency 79

Growth 52

Stability 94

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