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INGELS ELECTRO-TECHNIEK

Active
Public limited companyfounded 2007active for 19 yearsWarande 20, 9971 Kaprijke, BelgiumKBO/BCE: BE 0890.897.191
Summary

INGELS ELECTRO-TECHNIEK has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €736,647. Equity has been growing by about 17% per year since 2019. Its solvency ranks better than 62% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-07-2007 Normal situation
Activity
General electrical installation work NACE 43211and 1 other
Establishment unit
2.164.158.585 9920 Lievegem, since 25-07-2007
Financial year end
31 March
Peppol
Reachable since 30-08-2023

Board and ownership

Board
and 1 other

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts to 31-03-2025
Gross margin
€1.3m
▼ 7.3%
Turnover
≈ €3.7m
estimated
Profit
€736,647
▼ 22.8%
Equity
€1.0m
▲ 49.6%
Total assets
€1.9m
▼ 0.8%
Employees on 31-03-2025
8
▲ 33.3%
  • 2026 accounts not filed, 3 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 01-11-2025)lowers riskLiquidity: current ratio 1.85, cash €407,979Equity €1.0m (54.1% of total assets)Founded in 2007Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 79+18
equity 54.1% of total assets
Liquidity 56-2
short-term debt 43.8% · cash 21.7%
Profitability 100=
return on assets 39.2%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%▲ +0.2 percentage points vs 10-2025highest value 12-2025: 0.1%▼ -0.4 percentage points vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026 11-2026: 0.3%▲ +0.1 percentage points vs 10-2026
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.85 (1.33 in 2024), above the usual 1.5. Short-term debt is 43.8% and cash 21.7% of total assets. 45.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 59% of them on solvency, 52% on liquidity, 92% on profitability and 83% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.85, cash €407,979
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed on 01-11-2025)
NBB · annual accounts
lowers risk · Equity €1.0m (54.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
1 day early
2024
27 days early
2023
1 day early
2022
31 days early
2021
31 days early
2020
19 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in specialised constructionsector median €26,848 · 9,887 companies €736,647 View
  • Positive: Equity rose in 2025from €678,710 to €1.0m ▲ 49.6% View
  • Positive: 7 profitable years in a rowprofit 2025: €736,647 7 years View
  • New directorlatest change 06-10-2026 · 4 in office 1 joined View

Recent changes

  1. · Gazette deed Reappointments: D & S ACTIVITIES, Engels Kristof Margriet Roger and 2 othersPermanent representatives: Ingels Dirk Cyriel Maria, Ingels Romy and 2 others · Appointment: D & S ACTIVITIES (managing director)
  2. · Gazette deed Resignation: Gert-Jan Ingels (director)Appointment: Ingels Invest Comm.V. (director) · Permanent representatives: Gert-Jan Ingels and Dirk Ingels
  3. · Gazette deed Appointment: Ingels Consult Comm.V. (director)Permanent representative: Ingels Romy
All 18 events

Comparable companies

These companies have the same main activity as INGELS ELECTRO-TECHNIEK: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.4m and €2.5m, founded between 2001 and 2011.

CompanyTotal assetsGross margin
INGELS ELECTRO-TECHNIEK Kaprijke€1.9m€1.3m
GTS TECHNICS Dendermonde€1.4m€1.3m
VERCAUTEREN RONNY Hamme (Vl.)€2.2m€1.0m
VHP ELEKTRO Temse€1.4m€0.9m
TS AUTOMATION Sint-Gillis-Waas€2.0m€0.8m
VANDOORNE INSTALLATIEBEDRIJF Langemark-Poelkapelle€1.7m€1.0m
LYSEN Zandhoven€2.5m€1.2m
Full comparison

Key facts about INGELS ELECTRO-TECHNIEK

What is the company number of INGELS ELECTRO-TECHNIEK?
The company number of INGELS ELECTRO-TECHNIEK is 0890.897.191. The VAT number is the same number with BE in front: BE 0890.897.191.
Where is INGELS ELECTRO-TECHNIEK based?
The registered office is at Warande 20, 9971 Kaprijke.Company details
What does INGELS ELECTRO-TECHNIEK do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of INGELS ELECTRO-TECHNIEK?
The legal form of INGELS ELECTRO-TECHNIEK is Public limited company (NV).
When was INGELS ELECTRO-TECHNIEK founded?
INGELS ELECTRO-TECHNIEK was founded on 17-07-2007.
Is INGELS ELECTRO-TECHNIEK still active?
Yes, INGELS ELECTRO-TECHNIEK is an active enterprise in the KBO register.
How many employees does INGELS ELECTRO-TECHNIEK have?
INGELS ELECTRO-TECHNIEK had an average of 6.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of INGELS ELECTRO-TECHNIEK?
The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €1.3m and 31 comparable companies (NACE 432). It probably lies between €2.8m and €4.6m.
Is INGELS ELECTRO-TECHNIEK profitable?
In financial year 2025, INGELS ELECTRO-TECHNIEK made a profit of €736,647.
Where can I find the annual accounts of INGELS ELECTRO-TECHNIEK?
INGELS ELECTRO-TECHNIEK filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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