IngenioS
ActiveSummary
IngenioS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,346 and a net result of €22,287. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 5.33 against 7.47 in 2024; short-term debt: 11.4% and cash: 16% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
78.2%
Return on assets
12.7%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
40 d early
2023
47 d early
2022
53 d early
2021
44 d early
2020
56 d early
2019
48 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 43 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 17 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€137,346▲ 8.4%
2024 · €126,722
Total assets
€175,576▲ 22.2%
2024 · €143,653
Net result
€22,287▲ 42.3%
2024 · €15,662
Working capital
€86,684▼ 20.8%
2024 · €109,493
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€6,315▼ 62.9%€22,417▲ 255%€22,856▲ 2.0%€24,018▲ 5.1%€31,550▲ 31.4%
Net result€2,766within the sector's middle half▼ 75.6%€14,149within the sector's middle half▲ 412%€14,485within the sector's middle half▲ 2.4%€15,662within the sector's middle half▲ 8.1%€22,287within the sector's middle half▲ 42.3%
Equity€82,426within the sector's middle half▲ 3.5%€96,575within the sector's middle half▲ 17.2%€111,060within the sector's middle half▲ 15.0%€126,722within the sector's middle half▲ 14.1%€137,346within the sector's middle half▲ 8.4%
Total assets€120,636below the sector's middle half▲ 34.7%€127,608below the sector's middle half▲ 5.8%€137,844below the sector's middle half▲ 8.0%€143,653below the sector's middle half▲ 4.2%€175,576below the sector's middle half▲ 22.2%
Debt€38,210▲ 287%€31,033▼ 18.8%€26,784▼ 13.7%€16,931▼ 36.8%€38,230▲ 126%
Working capital€50,186within the sector's middle half▼ 20.8%€68,026within the sector's middle half▲ 35.5%€86,090within the sector's middle half▲ 26.6%€109,493within the sector's middle half▲ 27.2%€86,684within the sector's middle half▼ 20.8%
Solvency68.3%above the sector's middle half▼ 20.6pp75.7%above the sector's middle half▲ 7.4pp80.6%above the sector's middle half▲ 4.9pp88.2%above the sector's middle half▲ 7.6pp78.2%above the sector's middle half▼ 10.0pp
Current ratio3.38above the sector's middle half▼ 4.044.20above the sector's middle half▲ 0.834.54above the sector's middle half▲ 0.347.47above the sector's middle half▲ 2.935.33above the sector's middle half▼ 2.14
Return on assets (ROA)2.3%within the sector's middle half▼ 10.4pp11.1%within the sector's middle half▲ 8.8pp10.5%within the sector's middle half▼ 0.6pp10.9%within the sector's middle half▲ 0.4pp12.7%within the sector's middle half▲ 1.8pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175,576
Fixed assets
€68,870 ▲ 300%
Current assets
€106,706 ▼ 15.6%
Equity and liabilities €175,576
Equity
€137,346 ▲ 8.4%
Debt
€38,230 ▲ 126%
Debt's share of the balance-sheet total rises from 11.8% to 21.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,059▲
2024 · €35,211
Cash flow
€36,796▲
2024 · €26,855
Debt to equity
0.28▲
2024 · 0.13
ROE
16.2%▲
2024 · 12.4%
Interest coverage
42.16▼
2024 · 213.16
Debt ≤ 1 year
€20,021▲
2024 · €16,931
Debt > 1 year
€17,864▲
2024 · €0
Income taxes
€8,308▼
2024 · €8,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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 0.2% 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 34,679 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 | - | - | - | - | €12,669 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,898 | €10,978 | €10,922 | €11,193 | €14,508 | ▲ 29.6% |
| Other operating charges640/8 | - | €1,881 | €2,078 | €2,013 | €1,243 | ▼ 38.3% |
| Gross operating margin9900 | €18,225 | €35,276 | €35,855 | €37,224 | €47,301 | ▲ 27.1% |
| Operating profit (loss)9901 | €6,315 | €22,417 | €22,856 | €24,018 | €31,550 | ▲ 31.4% |
| Financial income75/76B | - | €3 | €0 | €167 | €137 | ▼ 17.9% |
| Recurring financial income75 | - | €3 | €0 | €167 | €137 | ▼ 17.9% |
| Financial charges65/66B | - | €360 | €333 | €165 | €1,093 | ▲ 561% |
| Recurring financial charges65 | €360 | €360 | €333 | €165 | €1,093 | ▲ 561% |
| Profit (loss) for the period before taxes9903 | €5,956 | €22,060 | €22,522 | €24,020 | €30,595 | ▲ 27.4% |
| Income taxes67/77 | €3,190 | €7,911 | €8,037 | €8,358 | €8,308 | ▼ 0.6% |
| Profit (loss) for the period9904 | €2,766 | €14,149 | €14,485 | €15,662 | €22,287 | ▲ 42.3% |
| Profit (loss) for the period to be appropriated9905 | €2,766 | €14,149 | €14,485 | €15,662 | €22,287 | ▲ 42.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,636 | €127,608 | €137,844 | €143,653 | €175,576 | ▲ 22.2% |
| Fixed assets21/28 | €49,331 | €38,353 | €27,431 | €17,229 | €68,870 | ▲ 300% |
| Tangible fixed assets22/27 | €39,331 | €28,353 | €17,431 | €7,229 | €58,870 | ▲ 714% |
| Furniture and vehicles24 | - | - | - | €714 | €42,685 | ▲ 5,879% |
| Leasing and similar rights25 | - | €21,998 | €12,874 | €3,750 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €6,355 | €4,558 | €2,765 | €16,185 | ▲ 485% |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €71,304 | €89,255 | €110,413 | €126,423 | €106,706 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €28,263 | €18,964 | €29,691 | €30,936 | €28,525 | ▼ 7.8% |
| Trade receivables40 | - | €18,953 | €29,444 | €29,870 | €28,525 | ▼ 4.5% |
| Other amounts receivable41 | - | €12 | €247 | €1,066 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €42,857 | €69,913 | €80,315 | €45,330 | €28,031 | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | €378 | €406 | €157 | €149 | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,636 | €127,608 | €137,844 | €143,653 | €175,576 | ▲ 22.2% |
| Equity10/15 | €82,426 | €96,575 | €111,060 | €126,722 | €137,346 | ▲ 8.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €27,652 | €41,800 | €56,286 | €71,948 | €82,572 | ▲ 14.8% |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €0 | - | - |
| Distributable reserves133 | - | €39,900 | €54,386 | €71,948 | €82,572 | ▲ 14.8% |
| Profit (loss) carried forward14 | €42,374 | €42,374 | €42,374 | €42,374 | €42,374 | = |
| Amounts payable17/49 | €38,210 | €31,033 | €26,784 | €16,931 | €38,230 | ▲ 126% |
| Amounts payable after more than one year17 | €17,088 | €9,804 | €2,461 | €0 | €17,864 | - |
| Financial debts170/4 | - | €9,804 | €2,461 | €0 | €17,864 | - |
| Amounts payable within one year42/48 | €21,119 | €21,229 | €24,323 | €16,931 | €20,021 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | - | €7,284 | €7,343 | €2,461 | €7,818 | ▲ 218% |
| Financial debts43 | - | €9 | €0 | - | - | - |
| Credit institutions430/8 | - | €9 | €0 | - | - | - |
| Trade debts44 | €3,444 | €7,175 | €9,377 | €5,631 | €1,256 | ▼ 77.7% |
| Suppliers440/4 | - | €7,175 | €9,377 | €5,631 | €1,256 | ▼ 77.7% |
| Taxes, remuneration and social security45 | - | €6,762 | €7,603 | €8,839 | €7,899 | ▼ 10.6% |
| Taxes450/3 | - | €6,762 | €7,603 | €8,839 | €7,899 | ▼ 10.6% |
| Other amounts payable47/48 | - | - | - | - | €3,049 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €345 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,766 | €14,149 | €14,485 | €15,662 | €22,287 | ▲ 42.3% |
| + Depreciation and write-downs630 | €6,898 | €10,978 | €10,922 | €11,193 | €14,508 | ▲ 29.6% |
| Operating cash flow (approximation) | €9,664 | €25,127 | €25,407 | €26,855 | €36,796 | ▲ 37.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€991 | -€66,149 | ▼ 6,576% |
| Change in cash | - | €27,056 | €10,402 | -€34,985 | -€17,299 | ▲ 50.6% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €22,287 ▲42.3%
Operating result €31,550, net result €22,287, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €100,000Eq €111,060 ▲15%
6 profitable years in a row build equity to €111,060.
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €2,766 ▼75.6%
Net result drops to €2,766, the lowest in the series; recovery starts the following year.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-03
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 3 acts read
About the unread acts
We know of 3 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
3 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, Wellen · 1 establishment unit since 2011
Ground area
1,293 m²
Building footprint
204 m²
Volume, LiDAR
957 m³
Parcel 73098C0501/00H000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Holtappelteer 1, 3830 Wellen
since 20112.204.604.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098C0501/00H000 | Flanders | 1,293 m² | 1 · 204 m² | 8.7 m · 2 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 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-09-2025 of IngenioS 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.
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,386 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
Founded10-11-2011
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841080763
Also
9925:BE0841080763
Registered
04-01-2026
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.