INSE
ActiveSummary
INSE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,196 and a net result of -€3,317. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-14
Solvency26▼-3
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.29 against 0.31 in 2024; short-term debt: 25.6% and cash: 0.6% of total assets), and 98.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9354 sector peers (2025).
NBB · sector comparisonPosition among 9354 sector peers
Solvency
better than 19%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
21 d early
2023
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 17 July (3 of the last 3 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
€17,196▼ 16.2%
2024 · €20,512
Total assets
€1.3m▲ 147%
2024 · €538,801
Net result
-€3,317
2024 · €1,537
Working capital
-€241,697▼ 76.3%
2024 · -€137,112
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 68, Real estate 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€24,883-€12,492▼ 49.8%€35,315▲ 183%
Net result€13,975within the sector's middle half-€1,537within the sector's middle half▼ 89.0%-€3,317within the sector's middle half
Equity€18,975within the sector's middle half-€20,512within the sector's middle half▲ 8.1%€17,196below the sector's middle half▼ 16.2%
Total assets€175,330within the sector's middle half-€538,801within the sector's middle half▲ 207%€1.3mwithin the sector's middle half▲ 147%
Debt€156,354-€518,289▲ 231%€1.3m▲ 154%
Working capital-€16,233within the sector's middle half--€137,112below the sector's middle half▼ 745%-€241,697below the sector's middle half▼ 76.3%
Solvency10.8%within the sector's middle half-3.8%below the sector's middle half▼ 7.0pp1.3%below the sector's middle half▼ 2.5pp
Current ratio0.64within the sector's middle half-0.31below the sector's middle half▼ 0.330.29below the sector's middle half▼ 0.02
Return on assets (ROA)8.0%above the sector's middle half-0.3%within the sector's middle half▼ 7.7pp-0.2%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▲ 158%
Current assets
€99,441 ▲ 63.1%
Equity and liabilities €1.3m
Equity
€17,196 ▼ 16.2%
Debt
€1.3m ▲ 154%
Debt's share of the balance-sheet total rises from 96.2% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74,915▲
2024 · €35,815
Cash flow
€36,283▲
2024 · €24,860
Debt to equity
76.42▲
2024 · 25.27
ROE
-19.3%▼
2024 · 7.5%
Interest coverage
1.94▼
2024 · 3.55
Debt ≤ 1 year
€341,138▲
2024 · €198,079
Debt > 1 year
€972,895▲
2024 · €320,209
Income taxes
€132▼
2024 · €945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,266 | €23,323 | €39,600 | ▲ 69.8% |
| Other operating charges640/8 | €831 | €1,348 | €3,631 | ▲ 169% |
| Gross operating margin9900 | €44,980 | €37,163 | €78,546 | ▲ 111% |
| Operating profit (loss)9901 | €24,883 | €12,492 | €35,315 | ▲ 183% |
| Financial income75/76B | €1 | €74 | €115 | ▲ 56.3% |
| Recurring financial income75 | €1 | €74 | €115 | ▲ 56.3% |
| Financial charges65/66B | €7,128 | €10,084 | €38,615 | ▲ 283% |
| Recurring financial charges65 | €7,128 | €10,084 | €38,615 | ▲ 283% |
| Profit (loss) for the period before taxes9903 | €17,756 | €2,482 | -€3,185 | ▼ 228% |
| Income taxes67/77 | €3,780 | €945 | €132 | ▼ 86.0% |
| Profit (loss) for the period9904 | €13,975 | €1,537 | -€3,317 | ▼ 316% |
| Profit (loss) for the period to be appropriated9905 | €13,975 | €1,537 | -€3,317 | ▼ 316% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €175,330 | €538,801 | €1.3m | ▲ 147% |
| Fixed assets21/28 | €146,862 | €477,833 | €1.2m | ▲ 158% |
| Tangible fixed assets22/27 | €31,862 | €212,833 | €564,288 | ▲ 165% |
| Land and buildings22 | - | €168,491 | €487,517 | ▲ 189% |
| Furniture and vehicles24 | €31,862 | €15,457 | €800 | ▼ 94.8% |
| Other tangible fixed assets26 | - | €28,886 | €33,488 | ▲ 15.9% |
| Assets under construction and advance payments27 | - | - | €42,483 | - |
| Financial fixed assets28 | €115,000 | €265,000 | €667,500 | ▲ 152% |
| Current assets29/58 | €28,468 | €60,968 | €99,441 | ▲ 63.1% |
| Amounts receivable within one year40/41 | €26,405 | €55,273 | €83,824 | ▲ 51.7% |
| Trade receivables40 | €6,889 | €12,239 | €76,238 | ▲ 523% |
| Other amounts receivable41 | €19,515 | €43,034 | €7,585 | ▼ 82.4% |
| Cash at bank and in hand54/58 | €2,063 | €5,695 | €8,124 | ▲ 42.7% |
| Deferred charges and accrued income490/1 | - | - | €7,493 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €175,330 | €538,801 | €1.3m | ▲ 147% |
| Equity10/15 | €18,975 | €20,512 | €17,196 | ▼ 16.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €13,975 | €15,512 | €12,196 | ▼ 21.4% |
| Amounts payable17/49 | €156,354 | €518,289 | €1.3m | ▲ 154% |
| Amounts payable after more than one year17 | €111,654 | €320,209 | €972,895 | ▲ 204% |
| Financial debts170/4 | €111,654 | €320,209 | €972,895 | ▲ 204% |
| Amounts payable within one year42/48 | €44,701 | €198,079 | €341,138 | ▲ 72.2% |
| Current portion of amounts payable after more than one year42 | €20,054 | €35,967 | €59,893 | ▲ 66.5% |
| Trade debts44 | €573 | €7,772 | €73,461 | ▲ 845% |
| Suppliers440/4 | €573 | €7,772 | €73,461 | ▲ 845% |
| Taxes, remuneration and social security45 | €8,493 | €10,359 | €3,966 | ▼ 61.7% |
| Taxes450/3 | €8,493 | €9,099 | €2,706 | ▼ 70.3% |
| Remuneration and social security454/9 | - | €1,260 | €1,260 | = |
| Other amounts payable47/48 | €15,580 | €143,981 | €203,817 | ▲ 41.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,975 | €1,537 | -€3,317 | ▼ 316% |
| + Depreciation and write-downs630 | €19,266 | €23,323 | €39,600 | ▲ 69.8% |
| Operating cash flow (approximation) | €33,242 | €24,860 | €36,283 | ▲ 46.0% |
| Investment in fixed assets (approximation) | - | -€354,295 | -€793,554 | ▼ 124% |
| Change in cash | - | €3,632 | €2,429 | ▼ 33.1% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€3,317
Net result drops to -€3,317, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2022
Ground area
3,389 m²
Building footprint
90 m²
Volume, LiDAR
666 m³
Parcel 57085B0006/00H002, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INSE
since 20222.333.536.522
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57085B0006/00H002 | Wallonia | 3,389 m² | 1 · 90 m² | 10.2 m · 2 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.
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 662 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787905858
Registered
03-12-2025
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.