Equity
Equity fell by 81% in 4 years.
Equity fell by 81% in 4 years.
Of this, €126,422 falls due within a year.
The last five annual accounts were filed 0 to 31 days before the end of the period.
In July 2024, 5,052 companies had the same profile as INGEO has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,052 companies, not a prediction for INGEO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| INGEO Braine-le-Château | €177,795 | €81,166 | 24.5% | - |
| LP PROJECTS Chastre | €173,960 | €92,774 | 11.8% | - |
| Realtech Maldegem | €162,216 | €80,507 | 99.1% | - |
| COPEB Woluwe-Saint-Lambert | €187,468 | €78,319 | 61.4% | - |
| EMEC EXPERTISE Evere | €166,041 | €78,945 | 64.6% | - |
| ENERGYSPOT Kortrijk | €163,620 | €68,396 | 71.0% | - |
| MCC Beveren-Kruibeke-Zwijndrecht | €154,315 | €76,576 | 44.1% | - |
These companies have the same main activity as INGEO: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €154,000 and €187,000, founded between 2011 and 2015.
INGEO files the micro format. That format states no turnover. The gross margin fell from €121,055 in 2014 to €81,166 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €230,000.
Higher than 25% of 12,247 companies in 2025.
Higher than 23% of 11,952 companies in 2025.
Higher than 73% of 12,047 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
177,795 | 231,476 | 356,310 | 335,227 | 258,649 | 233,192 | 194,556 | 152,816 | 127,168 | 146,058 | 149,475 | 176,226 | |
21/28 |
42,198 | 57,981 | 73,921 | 23,054 | 23,855 | 25,554 | 17,951 | 16,213 | 15,884 | 5,523 | 3,075 | 37,326 | |
22/27 |
42,198 | 57,981 | 73,921 | 23,054 | 23,855 | 25,554 | 17,951 | 16,213 | 15,884 | 5,523 | 3,075 | 37,326 | |
23 |
- | - | - | - | - | - | - | 3,695 | 3,868 | 1,032 | 2,065 | - | |
24 |
32,421 | 44,569 | 56,873 | 4,124 | 5,855 | 7,884 | 4,011 | - | - | 4,491 | 1,010 | 37,326 | |
26 |
9,777 | 13,412 | 17,048 | 18,930 | 18,000 | 17,670 | 13,940 | 12,518 | 12,016 | - | - | - | |
29/58 |
135,597 | 173,495 | 282,389 | 312,173 | 234,794 | 207,638 | 176,605 | 136,603 | 111,284 | 140,535 | 146,400 | 138,900 | |
40/41 |
65,819 | 80,102 | 59,557 | 37,099 | 33,211 | 42,069 | 66,823 | 98,808 | 92,224 | 25,224 | 39,275 | 42,335 | |
40 |
15,089 | 53,102 | 51,757 | 36,750 | 31,941 | 42,069 | 66,823 | 98,808 | 77,866 | 25,224 | 39,275 | 42,335 | |
41 |
50,730 | 27,000 | 7,800 | 349 | 1,270 | - | - | - | 14,358 | - | - | - | |
54/58 |
66,908 | 90,436 | 219,708 | 272,389 | 199,274 | 165,569 | 101,805 | 37,795 | 19,060 | 115,311 | 107,125 | 95,572 | |
490/1 |
2,870 | 2,957 | 3,124 | 2,685 | 2,309 | - | 7,977 | - | - | - | - | 993 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
177,795 | 231,476 | 356,310 | 335,227 | 258,649 | 233,192 | 194,556 | 152,816 | 127,168 | 146,058 | 149,475 | 176,226 | |
10/15 |
43,600 | 72,120 | 98,119 | 126,923 | 223,997 | 177,396 | 103,983 | 110,442 | 83,018 | 87,412 | 80,929 | 75,289 | |
10/11 |
18,600 | 20,460 | 20,460 | 20,460 | 8,060 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
25,000 | 50,000 | 76,000 | 103,400 | 103,400 | 87,460 | 62,460 | 69,460 | 42,060 | 42,060 | 34,860 | 34,860 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
25,000 | 50,000 | 76,000 | 103,400 | 103,400 | 85,600 | 60,600 | 67,600 | 40,200 | 40,200 | 33,000 | 33,000 | |
14 |
- | 1,660 | 1,659 | 3,063 | 112,537 | 83,736 | 35,323 | 34,782 | 34,758 | 39,152 | 39,869 | 34,229 | |
17/49 |
134,195 | 159,356 | 258,191 | 208,304 | 34,652 | 55,796 | 90,573 | 42,374 | 44,150 | 58,646 | 68,546 | 100,937 | |
17 |
7,773 | 23,277 | 38,234 | - | - | - | - | - | - | - | - | 21,714 | |
170/4 |
7,773 | 23,277 | 38,234 | - | - | - | - | - | - | - | - | 21,714 | |
42/48 |
126,422 | 136,079 | 219,957 | 208,304 | 34,652 | 55,796 | 90,573 | 42,374 | 44,150 | 58,301 | 68,546 | 79,223 | |
42 |
15,504 | 14,957 | 14,430 | - | - | - | - | - | - | - | - | 9,969 | |
44 |
7,823 | 29,419 | 3,349 | 16,445 | 13,143 | 6,653 | 19,696 | 3,958 | 13,907 | 16,042 | 52,091 | 18,389 | |
440/4 |
7,823 | 29,419 | 3,349 | 16,445 | 13,143 | 6,653 | 19,696 | 3,958 | 13,907 | 16,042 | 52,091 | 18,389 | |
45 |
14,146 | 10,444 | 17,984 | 12,271 | 11,625 | 40,833 | 23,996 | 24,927 | 19,800 | 16,325 | 7,602 | 44,803 | |
450/3 |
8,038 | 10,444 | 12,909 | 12,271 | 9,125 | 36,533 | 20,296 | 19,927 | 15,800 | 16,325 | 7,602 | 44,803 | |
454/9 |
6,108 | - | 5,075 | - | 2,500 | 4,300 | 3,700 | 5,000 | 4,000 | - | - | - | |
47/48 |
88,949 | 81,259 | 184,194 | 179,588 | 9,884 | 8,310 | 46,881 | 13,489 | 10,443 | 25,934 | 8,853 | 6,062 | |
492/3 |
- | - | - | - | - | - | - | - | - | 345 | - | - | |
| Income statement | |||||||||||||
76A |
- | 100 | - | - | 54 | 4 | 185 | - | - | - | 1 | 1 | |
9900 |
81,166 | 70,732 | 210,722 | 91,373 | 78,621 | 102,215 | 43,938 | 45,442 | 5,600 | 30,910 | 14,890 | 121,055 | |
630 |
17,537 | 17,733 | 13,221 | 4,991 | 5,238 | 4,141 | 3,713 | 2,843 | 3,445 | 1,958 | 1,285 | 8,771 | |
640/8 |
1,672 | 1,655 | 1,256 | 446 | 944 | 1,080 | 809 | 1,749 | 4,696 | 79 | 291 | 2,182 | |
66A |
- | - | - | 339 | - | - | - | - | - | - | 2,471 | - | |
9901 |
61,957 | 51,344 | 196,245 | 85,597 | 72,439 | 96,994 | 39,416 | 40,850 | -2,541 | 28,873 | 13,314 | 110,102 | |
75/76B |
558 | 119 | 583 | - | - | - | - | - | - | 17 | - | 8 | |
75 |
558 | 119 | 583 | - | - | - | - | - | - | 17 | - | 8 | |
65/66B |
1,308 | 1,935 | 1,658 | 72 | 63 | 181 | 523 | 586 | 571 | 590 | 1,469 | 1,520 | |
65 |
1,308 | 1,935 | 1,658 | 72 | 63 | 181 | 523 | 586 | 571 | 590 | 1,469 | 1,520 | |
9903 |
61,207 | 49,528 | 195,170 | 85,525 | 72,376 | 96,813 | 38,893 | 40,264 | -3,112 | 28,300 | 9,375 | 108,591 | |
67/77 |
16,437 | 12,127 | 47,374 | 19,999 | 18,575 | 23,400 | 12,352 | 12,840 | 1,282 | 11,817 | 3,735 | 39,502 | |
9904 |
44,770 | 37,401 | 147,796 | 65,526 | 53,801 | 73,413 | 26,541 | 27,424 | -4,394 | 16,483 | 5,640 | 69,089 | |
9905 |
44,770 | 37,401 | 147,796 | 65,526 | 53,801 | 73,413 | 26,541 | 27,424 | -4,394 | 16,483 | 5,640 | 69,089 | |
| Appropriation of the result | |||||||||||||
9906 |
46,430 | 39,060 | 150,859 | 178,063 | 137,537 | 108,736 | 61,323 | 62,182 | 34,758 | 56,352 | 39,869 | 69,089 | |
14P |
1,660 | 1,659 | 3,063 | 112,537 | 83,736 | - | - | - | - | - | - | - | |
791/2 |
26,860 | 26,000 | 27,400 | - | 7,200 | - | 33,000 | - | - | - | - | - | |
691/2 |
- | - | - | - | 25,000 | 25,000 | 26,000 | 27,400 | - | 7,200 | - | 34,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 25,000 | 25,000 | 26,000 | 27,400 | - | 7,200 | - | 33,000 | |
694/7 |
73,290 | 63,400 | 176,600 | 175,000 | 7,200 | - | 33,000 | - | - | 10,000 | - | - | |
694 |
73,290 | 63,400 | 176,600 | 175,000 | 7,200 | - | 33,000 | - | - | 10,000 | - | - | |
| Document | |||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00221824 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00198340 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00302508 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00294934 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235042 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-42500490 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36700490 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38100060 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39000550 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-36000001 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-46100454 | |
| 31-12-2014 | full format | 24-07-2015 | 2015-33500142 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 79,494 | 69,077 | 209,466 | 90,588 | 77,677 | 101,135 | 43,129 | 43,693 | 904 | 30,831 | 14,599 | 118,873 | ||
| 62,307 | 55,134 | 161,017 | 70,517 | 59,039 | 77,554 | 30,254 | 30,267 | -949 | 18,441 | 6,925 | 77,860 | ||
| 1,754 | 1,793 | 64,088 | 4,190 | 3,539 | 11,744 | 5,451 | 3,172 | 13,806 | 4,406 | 3,097 | 46,097 | ||
| -23,528 | -129,272 | -52,681 | 73,115 | 33,705 | 63,764 | 64,010 | 18,735 | -96,251 | 8,186 | 11,553 | - | ||
| 9,175 | 37,416 | 62,432 | 103,869 | 200,142 | 151,842 | 86,032 | 94,229 | 67,134 | 82,234 | 77,854 | 59,677 | ||
| 24.5% | 31.2% | 27.5% | 37.9% | 86.6% | 76.1% | 53.4% | 72.3% | 65.3% | 59.8% | 54.1% | 42.7% | ||
| 1.07 | 1.27 | 1.28 | 1.50 | 6.78 | 3.72 | 1.95 | 3.22 | 2.52 | 2.41 | 2.14 | 1.75 | ||
| 3.08 | 2.21 | 2.63 | 1.64 | 0.15 | 0.31 | 0.87 | 0.38 | 0.53 | 0.67 | 0.85 | 1.34 | ||
| 102.7% | 51.9% | 150.6% | 51.6% | 24.0% | 41.4% | 25.5% | 24.8% | -5.3% | 18.9% | 7.0% | 91.8% | ||
| 25.2% | 16.2% | 41.5% | 19.5% | 20.8% | 31.5% | 13.6% | 17.9% | -3.5% | 11.3% | 3.8% | 39.2% | ||
| 60.78 | 35.70 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,754 | €1,793 | €64,088 | €4,190 | €3,539 |
| €17,537 | €17,733 | €13,221 | €4,991 | €5,238 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 21% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 68.8% to 75.5%. Equity and debt are lower.
INGEO has no parent and no holdings in its annual accounts. is the only director.
via , no longer at · Manager · deed of 12-07-2021 founded in 2015 |
total assets €6.1m (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Castiaux 17 registered office 1440 Braine-le-Château | 17-07-2013 | 2.220.814.703 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25015B0212/00E002 | 579 m² | 1 · 157 m² | 6.8 m · 2 |
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