INGEO
ActiveSummary
INGEO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,120 and a net result of €37,401. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-11
Solvency56▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.28 in 2023; short-term debt: 58.8% and cash: 39.1% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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 · 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
31.2%
Return on assets
16.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
2022
on the day
2021
3 d early
2020
1 d early
2019
on the day
← 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 6 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€72,120▼ 26.5%
2023 · €98,119
Total assets
€231,476▼ 35.0%
2023 · €356,310
Net result
€37,401▼ 74.7%
2023 · €147,796
Working capital
€37,416▼ 40.1%
2023 · €62,432
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
Line20202021202220232024
Operating result€96,994▲ 146%€72,439▼ 25.3%€85,597▲ 18.2%€196,245▲ 129%€51,344▼ 73.8%
Net result€73,413above the sector's middle half▲ 177%€53,801above the sector's middle half▼ 26.7%€65,526above the sector's middle half▲ 21.8%€147,796above the sector's middle half▲ 126%€37,401within the sector's middle half▼ 74.7%
Equity€177,396above the sector's middle half▲ 70.6%€223,997above the sector's middle half▲ 26.3%€126,923within the sector's middle half▼ 43.3%€98,119within the sector's middle half▼ 22.7%€72,120within the sector's middle half▼ 26.5%
Total assets€233,192within the sector's middle half▲ 19.9%€258,649within the sector's middle half▲ 10.9%€335,227above the sector's middle half▲ 29.6%€356,310above the sector's middle half▲ 6.3%€231,476within the sector's middle half▼ 35.0%
Debt€55,796▼ 38.4%€34,652▼ 37.9%€208,304▲ 501%€258,191▲ 23.9%€159,356▼ 38.3%
Working capital€151,842▲ 76.5%€200,142▲ 31.8%€103,869▼ 48.1%€62,432▼ 39.9%€37,416▼ 40.1%
Solvency76.1%above the sector's middle half▲ 22.6pp86.6%above the sector's middle half▲ 10.5pp37.9%within the sector's middle half▼ 48.7pp27.5%within the sector's middle half▼ 10.3pp31.2%within the sector's middle half▲ 3.6pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 74% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231,476
Fixed assets
€57,981 ▼ 21.6%
Current assets
€173,495 ▼ 38.6%
Equity and liabilities €231,476
Equity
€72,120 ▼ 26.5%
Debt
€159,356 ▼ 38.3%
Debt's share of the balance-sheet total falls from 72.5% to 68.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€69,077▼
2023 · €209,466
Cash flow
€55,134▼
2023 · €161,017
Current ratio
1.27▼
2023 · 1.28
Debt to equity
2.21▼
2023 · 2.63
ROE
51.9%▼
2023 · 150.6%
ROA
16.2%▼
2023 · 41.5%
Interest coverage
35.70▼
2023 · 126.34
Debt ≤ 1 year
€136,079▼
2023 · €219,957
Debt > 1 year
€23,277▼
2023 · €38,234
Income taxes
€12,127▼
2023 · €47,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 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
3.9%
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 0.3% 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 497,058 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% | 1.6% |
| 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 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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €54 | - | - | €100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,141 | €5,238 | €4,991 | €13,221 | €17,733 | ▲ 34.1% |
| Other operating charges640/8 | - | €944 | €446 | €1,256 | €1,655 | ▲ 31.8% |
| Non-recurring operating charges66A | - | - | €339 | - | - | - |
| Gross operating margin9900 | €102,215 | €78,621 | €91,373 | €210,722 | €70,732 | ▼ 66.4% |
| Operating profit (loss)9901 | €96,994 | €72,439 | €85,597 | €196,245 | €51,344 | ▼ 73.8% |
| Financial income75/76B | - | - | - | €583 | €119 | ▼ 79.6% |
| Recurring financial income75 | - | - | - | €583 | €119 | ▼ 79.6% |
| Financial charges65/66B | - | €63 | €72 | €1,658 | €1,935 | ▲ 16.7% |
| Recurring financial charges65 | €181 | €63 | €72 | €1,658 | €1,935 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €96,813 | €72,376 | €85,525 | €195,170 | €49,528 | ▼ 74.6% |
| Income taxes67/77 | €23,400 | €18,575 | €19,999 | €47,374 | €12,127 | ▼ 74.4% |
| Profit (loss) for the period9904 | €73,413 | €53,801 | €65,526 | €147,796 | €37,401 | ▼ 74.7% |
| Profit (loss) for the period to be appropriated9905 | €73,413 | €53,801 | €65,526 | €147,796 | €37,401 | ▼ 74.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,192 | €258,649 | €335,227 | €356,310 | €231,476 | ▼ 35.0% |
| Fixed assets21/28 | €25,554 | €23,855 | €23,054 | €73,921 | €57,981 | ▼ 21.6% |
| Tangible fixed assets22/27 | €25,554 | €23,855 | €23,054 | €73,921 | €57,981 | ▼ 21.6% |
| Furniture and vehicles24 | - | €5,855 | €4,124 | €56,873 | €44,569 | ▼ 21.6% |
| Other tangible fixed assets26 | - | €18,000 | €18,930 | €17,048 | €13,412 | ▼ 21.3% |
| Current assets29/58 | €207,638 | €234,794 | €312,173 | €282,389 | €173,495 | ▼ 38.6% |
| Amounts receivable within one year40/41 | €42,069 | €33,211 | €37,099 | €59,557 | €80,102 | ▲ 34.5% |
| Trade receivables40 | - | €31,941 | €36,750 | €51,757 | €53,102 | ▲ 2.6% |
| Other amounts receivable41 | - | €1,270 | €349 | €7,800 | €27,000 | ▲ 246% |
| Cash at bank and in hand54/58 | €165,569 | €199,274 | €272,389 | €219,708 | €90,436 | ▼ 58.8% |
| Deferred charges and accrued income490/1 | - | €2,309 | €2,685 | €3,124 | €2,957 | ▼ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,192 | €258,649 | €335,227 | €356,310 | €231,476 | ▼ 35.0% |
| Equity10/15 | €177,396 | €223,997 | €126,923 | €98,119 | €72,120 | ▼ 26.5% |
| Contributions10/11 | €6,200 | €8,060 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €87,460 | €103,400 | €103,400 | €76,000 | €50,000 | ▼ 34.2% |
| Distributable reserves133 | - | €103,400 | €103,400 | €76,000 | €50,000 | ▼ 34.2% |
| Profit (loss) carried forward14 | €83,736 | €112,537 | €3,063 | €1,659 | €1,660 | ▲ 0.1% |
| Amounts payable17/49 | €55,796 | €34,652 | €208,304 | €258,191 | €159,356 | ▼ 38.3% |
| Amounts payable after more than one year17 | - | - | - | €38,234 | €23,277 | ▼ 39.1% |
| Financial debts170/4 | - | - | - | €38,234 | €23,277 | ▼ 39.1% |
| Amounts payable within one year42/48 | €55,796 | €34,652 | €208,304 | €219,957 | €136,079 | ▼ 38.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,430 | €14,957 | ▲ 3.7% |
| Trade debts44 | €6,653 | €13,143 | €16,445 | €3,349 | €29,419 | ▲ 778% |
| Suppliers440/4 | - | €13,143 | €16,445 | €3,349 | €29,419 | ▲ 778% |
| Taxes, remuneration and social security45 | - | €11,625 | €12,271 | €17,984 | €10,444 | ▼ 41.9% |
| Taxes450/3 | - | €9,125 | €12,271 | €12,909 | €10,444 | ▼ 19.1% |
| Remuneration and social security454/9 | - | €2,500 | - | €5,075 | - | - |
| Other amounts payable47/48 | - | €9,884 | €179,588 | €184,194 | €81,259 | ▼ 55.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,413 | €53,801 | €65,526 | €147,796 | €37,401 | ▼ 74.7% |
| + Depreciation and write-downs630 | €4,141 | €5,238 | €4,991 | €13,221 | €17,733 | ▲ 34.1% |
| Operating cash flow (approximation) | €77,554 | €59,039 | €70,517 | €161,017 | €55,134 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | -€3,539 | -€4,190 | -€64,088 | -€1,793 | ▲ 97.2% |
| Change in cash | - | €33,705 | €73,115 | -€52,681 | -€129,272 | ▼ 145% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €147,796 ▲126%
Operating result €196,245, net result €147,796, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €223,997 ▲26.3%
4 profitable years in a row build equity to €223,997.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €177,396 ▲70.6%
3 profitable years in a row build equity to €177,396.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €26,541 ▼3.2%
Net result drops to €26,541, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-le-Château · 1 establishment unit since 2013
Ground area
579 m²
Building footprint
157 m²
Parcel 25015B0212/00E002, Wallonia. Linked by address, not a title deed.
1 establishment unit
INGEO
since 20132.220.814.703
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015B0212/00E002 | Wallonia | 579 m² | 1 · 157 m² | - |
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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,139 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
Founded09-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536729308
Registered
30-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.