Ingrizo
ActiveSummary
Ingrizo has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of €708,808. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability70▼-10
Solvency77▼-23
Growth35▼-28
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430,000 at 30 days acceptable
Liquidity ample (current ratio 1.97; short-term debt: 48.2% and cash: 5.4% of total assets), and 48.3% 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 · 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
51.7%
Return on assets
5.9%
Age of the figures
9 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2025
1 d early
2024
1 d early
2023
1 d early
2022
124 d early
2021
on the day
2020
1 d late
← 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 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2025, full schema
Turnover
€8.6m▼ 53.6%
2025 · €18.5m
EBIT margin
9.0%▼ 1.8pp
2025 · 10.7%
Net result
€708,808▼ 57.6%
2025 · €1.7m
Working capital
€5.7m▼ 32.7%
2025 · €8.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252025
Turnover€18.5m€18.5m▼ 0.1%€8.6m-
Operating result€3.1m▲ 150%€1.9m▼ 37.6%€1.8m▼ 4.9%€2.0m▲ 8.1%€770,698-
Net result€2.5mabove the sector's middle half▲ 120%€1.5mabove the sector's middle half▼ 40.6%€1.6mabove the sector's middle half▲ 3.8%€1.7mabove the sector's middle half▲ 7.2%€708,808above the sector's middle half-
EBIT margin9.9%10.7%▲ 0.8pp9.0%-
Equity€4.3mabove the sector's middle half▲ 98.4%€5.8mabove the sector's middle half▲ 35.0%€7.4mabove the sector's middle half▲ 26.9%€9.0mabove the sector's middle half▲ 22.7%€6.2mabove the sector's middle half-
Total assets€7.2mabove the sector's middle half▲ 109%€8.7mabove the sector's middle half▲ 20.7%€8.8mwithin the sector's middle half▲ 1.7%€10.8mwithin the sector's middle half▲ 21.7%€12.1mwithin the sector's middle half-
Debt€2.9m▲ 128%€2.9m▼ 0.6%€1.5m▼ 48.9%€1.7m▲ 16.6%€5.8m-
Working capital€3.6mabove the sector's middle half▲ 154%€5.1mabove the sector's middle half▲ 42.0%€6.7mabove the sector's middle half▲ 30.8%€8.4mabove the sector's middle half▲ 25.4%€5.7mabove the sector's middle half-
Solvency59.6%within the sector's middle half▼ 3.3pp66.7%within the sector's middle half▲ 7.1pp83.3%above the sector's middle half▲ 16.5pp84.0%above the sector's middle half▲ 0.7pp51.7%within the sector's middle half-
Current ratio2.25within the sector's middle half▲ 0.132.78within the sector's middle half▲ 0.535.55above the sector's middle half▲ 2.775.89above the sector's middle half▲ 0.341.97within the sector's middle half-
Return on assets (ROA)35.1%above the sector's middle half▲ 1.7pp17.3%above the sector's middle half▼ 17.8pp17.7%above the sector's middle half▲ 0.4pp15.6%above the sector's middle half▼ 2.1pp5.9%within the sector's middle half-
Staff (FTE)7.4within the sector's middle half▲ 27.6%7.5above the sector's middle half▲ 1.4%7.9within the sector's middle half▲ 5.3%7within the sector's middle half▼ 11.4%7.2within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €12.1m
Fixed assets
€579,856 ▼ 4.5%
Current assets
€11.5m ▲ 13.2%
Equity and liabilities €12.1m
Equity
€6.2m ▼ 30.9%
Debt
€5.8m ▲ 238%
Debt's share of the balance-sheet total rises from 16.0% to 48.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€808,770▼
2025 · €2.1m
Cash flow
€746,880▼
2025 · €1.8m
Quick ratio
1.78▼
2025 · 5.55
Debt to equity
0.93▲
2025 · 0.19
ROE
11.4%▼
2025 · 18.5%
Interest coverage
5212.15▲
2025 · 2817.55
Debt ≤ 1 year
€5.8m▲
2025 · €1.7m
Income taxes
€178,660▼
2025 · €504,496
Staff costs
€324,762▼
2025 · €628,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €18.7m | €18.8m | €8.9m | - |
| Turnover70 | - | - | €18.5m | €18.5m | €8.6m | - |
| Other operating income74 | - | - | €196,381 | €278,743 | €241,778 | - |
| Non-recurring operating income76A | - | - | - | €1,800 | €7,893 | - |
| Operating charges60/66A | - | - | €16.9m | €16.8m | €8.1m | - |
| Goods for resale, raw materials and consumables60 | - | - | €15.1m | €14.9m | €7.0m | - |
| Purchases600/8 | - | - | €14.9m | €14.9m | €7.5m | - |
| Change in stocks: decrease (increase)609 | - | - | €151,130 | -€11,736 | -€541,524 | - |
| Services and other goods61 | - | - | €1.2m | €1.2m | €727,154 | - |
| Remuneration, social security and pensions62 | €449,256 | €426,358 | €575,981 | €628,969 | €324,762 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,199 | €64,306 | €69,710 | €77,616 | €38,072 | - |
| Other operating charges640/8 | €9,898 | €7,632 | €2,811 | €2,772 | €3,110 | - |
| Non-recurring operating charges66A | - | - | - | - | €14,733 | - |
| Gross operating margin9900 | €3.6m | €2.4m | - | - | - | - |
| Operating profit (loss)9901 | €3.1m | €1.9m | €1.8m | €2.0m | €770,698 | - |
| Financial income75/76B | €66,294 | €88,357 | €211,108 | €203,220 | €122,129 | - |
| Recurring financial income75 | €66,294 | €88,357 | €211,108 | €203,220 | €122,129 | - |
| Income from financial fixed assets750 | - | - | €42,967 | €0 | - | - |
| Income from current assets751 | - | - | €115,489 | €174,222 | €105,272 | - |
| Other financial income752/9 | - | - | €52,653 | €28,997 | €16,856 | - |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €32,805 | €5,622 | €3,338 | €10,235 | €5,358 | - |
| Recurring financial charges65 | €32,805 | €5,622 | €3,338 | €10,235 | €5,358 | - |
| Debt charges650 | - | - | €0 | €732 | €155 | - |
| Other financial charges652/9 | - | - | €3,338 | €9,503 | €5,203 | - |
| Profit (loss) for the period before taxes9903 | €3.1m | €2.0m | €2.0m | €2.2m | €887,468 | - |
| Income taxes67/77 | €596,458 | €509,064 | €483,617 | €504,496 | €178,660 | - |
| Taxes670/3 | - | - | €483,617 | €504,496 | €178,660 | - |
| Profit (loss) for the period9904 | €2.5m | €1.5m | €1.6m | €1.7m | €708,808 | - |
| Profit (loss) for the period to be appropriated9905 | €2.5m | €1.5m | €1.6m | €1.7m | €708,808 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.2m | €8.7m | €8.8m | €10.8m | €12.1m | - |
| Fixed assets21/28 | €701,322 | €671,980 | €641,524 | €606,925 | €579,856 | - |
| Intangible fixed assets21 | - | - | €32,005 | €24,873 | €21,308 | - |
| Tangible fixed assets22/27 | €701,322 | €671,980 | €609,520 | €582,052 | €558,549 | - |
| Land and buildings22 | €116,303 | €97,908 | €79,512 | €64,914 | €66,980 | - |
| Plant, machinery and equipment23 | - | - | - | €8,406 | €6,404 | - |
| Furniture and vehicles24 | €50,369 | €56,150 | €44,303 | €55,246 | €47,787 | - |
| Other tangible fixed assets26 | €534,650 | €517,923 | €485,705 | €453,487 | €437,378 | - |
| Current assets29/58 | €6.5m | €8.0m | €8.2m | €10.2m | €11.5m | - |
| Stocks and contracts in progress3 | €1.2m | €734,133 | €583,004 | €594,740 | €1.1m | - |
| Stocks30/36 | €1.2m | €734,133 | €583,004 | €594,740 | €1.1m | - |
| Goods purchased for resale34 | - | - | €583,004 | €594,740 | €1.1m | - |
| Amounts receivable within one year40/41 | €2.6m | €2.6m | €4.2m | €8.3m | €9.7m | - |
| Trade receivables40 | €2.6m | €2.6m | €2.0m | €2.0m | €2.2m | - |
| Other amounts receivable41 | €17,859 | €50,000 | €2.2m | €6.2m | €7.4m | - |
| Current investments50/53 | - | €3.1m | €3.2m | €19,037 | €0 | - |
| Other investments51/53 | - | - | €3.2m | €19,037 | €0 | - |
| Cash at bank and in hand54/58 | €2.8m | €1.5m | €157,559 | €1.1m | €646,323 | - |
| Deferred charges and accrued income490/1 | €0 | €26,228 | €99,512 | €218,655 | €44,593 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.2m | €8.7m | €8.8m | €10.8m | €12.1m | - |
| Equity10/15 | €4.3m | €5.8m | €7.4m | €9.0m | €6.2m | - |
| Contributions10/11 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | - |
| Capital10 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | - |
| Issued capital100 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | - |
| Reserves13 | €17,500 | €17,500 | €17,500 | €17,500 | €17,500 | - |
| Non-distributable reserves130/1 | €17,500 | €17,500 | €17,500 | €17,500 | €17,500 | - |
| Legal reserve130 | €17,500 | €17,500 | €17,500 | €17,500 | €17,500 | - |
| Profit (loss) carried forward14 | €4.1m | €5.6m | €7.2m | €8.8m | €6.1m | - |
| Amounts payable17/49 | €2.9m | €2.9m | €1.5m | €1.7m | €5.8m | - |
| Amounts payable within one year42/48 | €2.9m | €2.9m | €1.5m | €1.7m | €5.8m | - |
| Trade debts44 | €1.8m | €2.8m | €1.3m | €1.5m | €2.1m | - |
| Suppliers440/4 | €1.8m | €2.8m | €1.3m | €1.5m | €2.1m | - |
| Taxes, remuneration and social security45 | €230,588 | €127,116 | €169,793 | €230,946 | €209,759 | - |
| Taxes450/3 | €147,354 | €89,546 | €83,083 | €118,235 | €133,937 | - |
| Remuneration and social security454/9 | €83,234 | €37,570 | €86,709 | €112,711 | €75,822 | - |
| Other amounts payable47/48 | €820,869 | €1,244 | €4,176 | €4,777 | €3.5m | - |
| Accrued charges and deferred income492/3 | €23,239 | €9,235 | €1,250 | €0 | €6,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €1.5m | €1.6m | €1.7m | €708,808 | - |
| + Depreciation and write-downs630 | €68,199 | €64,306 | €69,710 | €77,616 | €38,072 | - |
| Operating cash flow (approximation) | €2.6m | €1.6m | €1.6m | €1.8m | €746,880 | - |
| Investment in fixed assets (approximation) | - | -€34,964 | -€39,253 | -€43,017 | - | - |
| Change in cash | - | -€1.2m | -€1.4m | €905,695 | - | - |
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
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €708,808 ▼57.6%
Net result drops to €708,808, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €5mEq €5.8m ▲35%
5 profitable years in a row build equity to €5.8m.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €2.5m ▲120%
Operating result €3.1m, net result €2.5m, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €2mEq €2.2m ▲13%
3 profitable years in a row build equity to €2.2m.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Nazareth-De Pinte · 1 establishment unit since 2005
Ground area
1,077 m²
Building footprint
207 m²
Volume, LiDAR
118 m³
Parcel 44079B0059/00E000, Flanders · tallest building 3.2 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ingrizo NV
since 20052.148.900.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44079B0059/00E000 | Flanders | 1,077 m² | 1 · 207 m² | 3.2 m |
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
Part of the group
KORYS
159 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: KORYS. The sources do not say who stands above it.
Owners 1
- ADISOparentSourceaccounts ADISO 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 517,271 EUR awarded · 425,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 659 EUR | 182,652 EUR |
| 2024 | 3 | 511,595 EUR | 238,131 EUR |
| 2022 | 2 | 5,017 EUR | 5,017 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNazareth-De Pinte2.148.900.782
Legal Entity Identifier
549300Y4GROSVP7SCI13
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Of 697 companies in sector 46392 we hold annual accounts for 485. 186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
46851Wholesale of industrial chemicals
46450Wholesale of perfume and cosmetics
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875741338
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.