INSA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-09-2025 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them.
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as INSA has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of INSA itself is higher: 18.7% within 12 months. It rests on far more data about INSA than the profile alone.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,639 companies, not a prediction for INSA. 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.
| Line | 2025 |
|---|---|
| Gross operating margin9900 | -€7,673 |
| Operating profit (loss)9901 | -€7,673 |
| Financial charges65/66B | €0 |
| Recurring financial charges65 | €0 |
| Profit (loss) for the period before taxes9903 | -€7,673 |
| Profit (loss) for the period9904 | -€7,673 |
| Profit (loss) for the period to be appropriated9905 | -€7,673 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €32 | |
| Current assets29/58 | €32 | |
| Cash at bank and in hand54/58 | €32 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €32 | |
| Equity10/15 | -€1,673 | |
| Contributions10/11 | €6,000 | |
| Profit (loss) carried forward14 | -€7,673 | |
| Amounts payable17/49 | €1,704 | |
| Amounts payable within one year42/48 | €1,704 | |
| Other amounts payable47/48 | €1,704 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€7,673 |
| Operating cash flow (approximation) | -€7,673 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 30-09-2025 | 2025-00526869 | NBB |