INSAL
ActiveSummary
INSAL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €333,688 and a net result of €16,001. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 1078 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 21.67 against 12.77 in 2024; short-term debt: 4.6% and cash: 80.9% of total assets), and 4.6% 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○neutral
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
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
95.4%
Return on assets
4.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €333,688
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
58 d early
2023
57 d early
2022
67 d early
2021
60 d early
2020
54 d early
2019
46 d early
← 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 66 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€333,688▲ 5.0%
2024 · €317,687
Total assets
€349,653▲ 1.5%
2024 · €344,579
Net result
€16,001▼ 46.3%
2024 · €29,810
Working capital
€330,002▲ 4.2%
2024 · €316,590
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 96, Personal service activities, 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
Line20212022202320242025
Operating result€54,642€35,720▼ 34.6%€66,863▲ 87.2%€44,709▼ 33.1%€25,194▼ 43.6%
Net result€37,254within the sector's middle half€21,756within the sector's middle half▼ 41.6%€41,612within the sector's middle half▲ 91.3%€29,810within the sector's middle half▼ 28.4%€16,001within the sector's middle half▼ 46.3%
Equity€534,373above the sector's middle half▲ 7.5%€309,766within the sector's middle half▼ 42.0%€287,878within the sector's middle half▼ 7.1%€317,687within the sector's middle half▲ 10.4%€333,688above the sector's middle half▲ 5.0%
Total assets€558,136within the sector's middle half▲ 9.0%€353,047within the sector's middle half▼ 36.7%€327,645within the sector's middle half▼ 7.2%€344,579within the sector's middle half▲ 5.2%€349,653within the sector's middle half▲ 1.5%
Debt€23,763▲ 59.7%€43,282▲ 82.1%€39,767▼ 8.1%€26,892▼ 32.4%€15,965▼ 40.6%
Working capital€515,736above the sector's middle half▲ 10.2%€301,447above the sector's middle half▼ 41.6%€287,878within the sector's middle half▼ 4.5%€316,590above the sector's middle half▲ 10.0%€330,002above the sector's middle half▲ 4.2%
Solvency95.7%above the sector's middle half▼ 1.4pp87.7%above the sector's middle half▼ 8.0pp87.9%above the sector's middle half▲ 0.1pp92.2%above the sector's middle half▲ 4.3pp95.4%above the sector's middle half▲ 3.2pp
Current ratio22.70above the sector's middle half▼ 9.747.96above the sector's middle half▼ 14.748.24above the sector's middle half▲ 0.2712.77above the sector's middle half▲ 4.5321.67above the sector's middle half▲ 8.90
Return on assets (ROA)6.7%within the sector's middle half▲ 9.1pp6.2%within the sector's middle half▼ 0.5pp12.7%within the sector's middle half▲ 6.5pp8.7%within the sector's middle half▼ 4.0pp4.6%within the sector's middle half▼ 4.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,653
Fixed assets
€3,686 ▲ 236%
Current assets
€345,967 ▲ 0.7%
Equity and liabilities €349,653
Equity
€333,688 ▲ 5.0%
Debt
€15,965 ▼ 40.6%
Debt's share of the balance-sheet total falls from 7.8% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,058▼
2024 · €45,046
Cash flow
€16,865▼
2024 · €30,146
Quick ratio
20.37▲
2024 · 12.08
Debt to equity
0.05▼
2024 · 0.08
ROE
4.8%▼
2024 · 9.4%
Interest coverage
15.52▼
2024 · 46.37
Debt ≤ 1 year
€15,965▼
2024 · €26,892
Income taxes
€8,555▼
2024 · €14,345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.2% 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,548 | €10,318 | €8,319 | €337 | €864 | ▲ 157% |
| Other operating charges640/8 | €2,367 | €2,541 | €2,622 | €2,649 | €9,326 | ▲ 252% |
| Gross operating margin9900 | €67,556 | €48,579 | €77,804 | €47,695 | €35,384 | ▼ 25.8% |
| Operating profit (loss)9901 | €54,642 | €35,720 | €66,863 | €44,709 | €25,194 | ▼ 43.6% |
| Financial income75/76B | €120 | €169 | €484 | €417 | €1,041 | ▲ 150% |
| Recurring financial income75 | €120 | €169 | €484 | €417 | €1,041 | ▲ 150% |
| Financial charges65/66B | €1,398 | €1,080 | €1,620 | €971 | €1,679 | ▲ 72.9% |
| Recurring financial charges65 | €1,398 | €1,080 | €1,620 | €971 | €1,679 | ▲ 72.9% |
| Profit (loss) for the period before taxes9903 | €53,363 | €34,809 | €65,728 | €44,155 | €24,556 | ▼ 44.4% |
| Income taxes67/77 | €16,109 | €13,053 | €24,115 | €14,345 | €8,555 | ▼ 40.4% |
| Profit (loss) for the period9904 | €37,254 | €21,756 | €41,612 | €29,810 | €16,001 | ▼ 46.3% |
| Profit (loss) for the period to be appropriated9905 | €37,254 | €21,756 | €41,612 | €29,810 | €16,001 | ▼ 46.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €558,136 | €353,047 | €327,645 | €344,579 | €349,653 | ▲ 1.5% |
| Fixed assets21/28 | €18,637 | €8,319 | - | €1,097 | €3,686 | ▲ 236% |
| Tangible fixed assets22/27 | €18,637 | €8,319 | - | €1,097 | €3,686 | ▲ 236% |
| Plant, machinery and equipment23 | - | - | - | - | €2,214 | - |
| Furniture and vehicles24 | €18,637 | €8,319 | - | €1,097 | €1,472 | ▲ 34.2% |
| Current assets29/58 | €539,500 | €344,728 | €327,645 | €343,482 | €345,967 | ▲ 0.7% |
| Stocks and contracts in progress3 | €24,705 | €25,227 | €18,891 | €18,548 | €20,700 | ▲ 11.6% |
| Stocks30/36 | €24,705 | €25,227 | €18,891 | €18,548 | €20,700 | ▲ 11.6% |
| Amounts receivable within one year40/41 | €65,498 | €46,534 | €56,317 | €22,294 | €40,628 | ▲ 82.2% |
| Trade receivables40 | €55,592 | €29,926 | €39,709 | €20,108 | €10,112 | ▼ 49.7% |
| Other amounts receivable41 | €9,906 | €16,608 | €16,608 | €2,186 | €30,516 | ▲ 1,296% |
| Cash at bank and in hand54/58 | €447,774 | €271,617 | €249,977 | €301,116 | €283,014 | ▼ 6.0% |
| Deferred charges and accrued income490/1 | €1,523 | €1,351 | €2,460 | €1,525 | €1,627 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €558,136 | €353,047 | €327,645 | €344,579 | €349,653 | ▲ 1.5% |
| Equity10/15 | €534,373 | €309,766 | €287,878 | €317,687 | €333,688 | ▲ 5.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €470,964 | €246,300 | €224,400 | €254,150 | €270,150 | ▲ 6.3% |
| Non-distributable reserves130/1 | €25,700 | €25,700 | €22,200 | €22,200 | €22,200 | = |
| Legal reserve130 | €25,700 | €25,700 | €22,200 | €22,200 | €22,200 | = |
| Distributable reserves133 | €445,264 | €220,600 | €202,200 | €231,950 | €247,950 | ▲ 6.9% |
| Profit (loss) carried forward14 | €1,409 | €1,466 | €1,478 | €1,537 | €1,538 | = |
| Amounts payable17/49 | €23,763 | €43,282 | €39,767 | €26,892 | €15,965 | ▼ 40.6% |
| Amounts payable within one year42/48 | €23,763 | €43,282 | €39,767 | €26,892 | €15,965 | ▼ 40.6% |
| Financial debts43 | - | - | €3,405 | €3,411 | €3,413 | ▲ 0.1% |
| Credit institutions430/8 | - | - | €3,405 | €3,411 | €3,413 | ▲ 0.1% |
| Trade debts44 | €2,734 | €6,142 | €15,229 | €14,206 | €3,946 | ▼ 72.2% |
| Suppliers440/4 | €2,734 | €6,142 | €15,229 | €14,206 | €3,946 | ▼ 72.2% |
| Taxes, remuneration and social security45 | €17,803 | €31,327 | €19,230 | €9,275 | €8,606 | ▼ 7.2% |
| Taxes450/3 | €17,803 | €31,327 | €19,230 | €9,275 | €8,606 | ▼ 7.2% |
| Other amounts payable47/48 | €3,226 | €5,812 | €1,903 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,254 | €21,756 | €41,612 | €29,810 | €16,001 | ▼ 46.3% |
| + Depreciation and write-downs630 | €10,548 | €10,318 | €8,319 | €337 | €864 | ▲ 157% |
| Operating cash flow (approximation) | €47,802 | €32,074 | €49,931 | €30,146 | €16,865 | ▼ 44.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€3,452 | - |
| Change in cash | - | -€176,157 | -€21,640 | €51,139 | -€18,102 | ▼ 135% |
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
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €37,254
Net result €37,254 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €534,373 ▲7.5%
Equity rises from €497,118 to €534,373.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€12,312
Net result drops to -€12,312, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 33.85
Current ratio from 13.33 to 33.85; short-term debt falls from €78,400 to €14,429.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1987
Ground area
856 m²
Building footprint
813 m²
Volume, LiDAR
4,071 m³
Parcel 11313B0961/00S012, Flanders · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
7 OP 7
since 19872.032.419.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B0961/00S012 | Flanders | 856 m² | 1 · 813 m² | 11.9 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.032.419.224
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Of 998 companies in sector 96102 we hold annual accounts for 458. 261 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
Founded27-02-1987
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
42220Construction of utility projects for electricity and telecommunications
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430629718
Also
9925:BE0430629718
Registered
14-07-2025
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.