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INPALCO

Active
Public limited companyfounded 199729 yrs activeLeynseelstraat 154, 8580 Avelgem, BelgiumKBO/BCE: BE 0460.177.502
Summary

INPALCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253,881 and a net result of €300. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 71% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
INPALCOActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110Freight transport by road NACE 49410
#4 oldest company in Avelgem, Manufacturing sector1 site
Size
€402,434total assets 2025
Equity
€253,881
Profit
€300
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Parent
INTER-CERAM · 100%
Accounts 43 d early0 of 8 deeds read
Why 84- Liquidity: current ratio 3.02, cash €1,189- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Founded in 1997+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 38% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 88+13
equity 63.1% of total assets
Liquidity 41+8
short-term debt 25.4% · cash 0.3%
Profitability 38-31
return on assets 0.1%
Bankruptcy probability, 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 0.5% (3,693 companies)
Last 24 months 11-2024: 1.0%highest value 12-2024: 0.5%▼ -49.2% vs 11-2024 01-2025: 0.5%● 0.0% vs 12-2024 02-2025: 0.5%● 0.0% vs 01-2025 03-2025: 0.5%● 0.0% vs 02-2025 04-2025: 0.5%▲ +11.4% vs 03-2025 05-2025: 0.6%▲ +2.2% vs 04-2025 06-2025: 0.5%▼ -7.5% vs 05-2025 07-2025: 0.4%▼ -22.5% vs 06-2025 08-2025: 0.4%▼ -3.3% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▲ +0.3% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.4%▲ +6.4% vs 03-2026 05-2026: 0.4%● 0.0% vs 04-2026 06-2026: 0.4%▼ -4.4% vs 05-2026 07-2026: 0.3%▼ -21.5% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.3%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 3.02, cash €1,189 raises the probability
  • Founded in 1997 lowers the probability for this profile
  • Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
  • Legal form Public limited company lowers the probability
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 3.02 against 1.98 in 2024; short-term debt: 25.4% and cash: 0.3% of total assets), and 36.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 68%, liquidity 29%, profitability 18%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 3.02, cash €1,189
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1997
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 d early
2024
55 d early
2023
49 d early
2022
38 d early
2021
97 d early
2020
17 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 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet €54 ▼96.3%

Key points

  • Caution: Among the weakest 16% on equitysector median €1.2m · 818 companies €253,881 View
  • Positive: 8 profitable years in a rowprofit 2025: €300 8 years View
  • Controlled by INTER-CERAMultimately: Koramic Holding NV 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€402,434
Profit
€300
Solvency
63.1%
Total assets▼ 21.4%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 18-06-2026Annual accounts filed
  2. 06-06-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
10-03-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies Which other companies belong to the same group?KORAMIC INVESTMENTS · 49 companies

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