Checked.be
Active
BE 0693.771.615Private limited company
INSIDA
Watermolendreef 112 ·9100 Sint-Niklaas, Belgium· 8 yrs active
Sector: Activities of interior architects
(71112)
Conclusion
INSIDA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €19k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €66k |
| Net result | €19k |
| Staff (FTE) | 1.3 |
| Better than sector | 40% |
Financial profile
87
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
91
Profitability
100
Solvency
86
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
91
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€6k
estimate, not credit advice
Score history
55
2021
94
2022
52
2023
94
2024
91
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.87 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.87 (≥ 1.0)
+5
Leverage
Debt/equity 1.27 (< 2.0)
+3
Profitability
ROE 29% (≥ 10%)
+10
Interest coverage
Interest coverage 17.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 44.1% | 54.7% | |
| Net result | €19k | €17k | |
| Equity | €66k | €67k | |
| Gross operating margin | €95k | €40k | |
| Staff costs | €60k | €33k |
€33k
+195.7%
21-25
€19k
+2524.2%
21-25
€28k
+184.9%
21-25
€149k
+3.0%
21-25
€66k
-18.0%
21-25
€54k
-19.0%
21-25
1
+30.0%
21-25
€60k
+7.3%
21-25
€3k
+1616.7%
21-25
€34k
+912.9%
21-25
€83k
+29.2%
21-25
€62k
+42.7%
21-25
€21k
+1.9%
21-25
1.87
-26.2%
21-25
1.87
-26.2%
21-25
44.1%
-20.5%
21-25
1.27
+57.6%
21-25
29.3%
+3101.5%
21-25
12.9%
+2446.6%
21-25
17.00
+181.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €33k | €11k | €-7k | €14k | €-2k |
| Net profit | €19k | €733 | €-18k | €6k | €-12k |
| Cash flow | €28k | €10k | €-9k | €13k | €-3k |
| Staff costs | €60k | €56k | €53k | €50k | €46k |
| Income taxes | €3k | €193 | €218 | €221 | €246 |
| Dividends | €34k | - | - | - | €3k |
| Total assets | €149k | €145k | €153k | €162k | €150k |
| Equity | €66k | €80k | €79k | €97k | €92k |
| Debt | €83k | €65k | €74k | €65k | €58k |
| of which ≤ 1y | €62k | €44k | €48k | €56k | €46k |
| of which > 1y | €21k | €21k | €25k | €9k | €12k |
| Working capital | €54k | €67k | €62k | €86k | €79k |
| Employees (FTE) | 1.3 | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.87 | 2.54 | 2.28 | 2.53 | 2.72 |
| Quick ratio | 1.87 | 2.54 | 2.28 | 2.41 | 2.36 |
| Working capital ratio | 36.5% | 46.4% | 40.4% | 53.1% | 53.1% |
| Solvency | 44.1% | 55.4% | 51.9% | 59.9% | 61.2% |
| Debt / equity | 1.27 | 0.81 | 0.93 | 0.67 | 0.63 |
| Long-term debt ratio | 0.32 | 0.26 | 0.32 | 0.09 | 0.13 |
| Interest coverage | 17.00 | 6.04 | -3.32 | 7.40 | -1.09 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.9% | 0.5% | -11.5% | 3.4% | -7.8% |
| ROE | 29.3% | 0.9% | -22.2% | 5.8% | -12.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €149k | €145k | €153k | €162k | €150k |
| Fixed assets | 21/28 | €33k | €34k | €43k | €20k | €24k |
| Intangible fixed assets | 21 | €3k | €5k | €6k | €8k | €9k |
| Tangible fixed assets | 22/27 | €27k | €27k | €34k | €12k | €15k |
| Financial fixed assets | 28 | €3k | €3k | €3k | - | - |
| Current assets | 29/58 | €117k | €111k | €110k | €142k | €126k |
| Stocks & contracts in progress | 3 | - | - | - | €7k | €17k |
| Amounts receivable within one year | 40/41 | €28k | €43k | €64k | €36k | €33k |
| Cash & bank | 54/58 | €88k | €66k | €45k | €97k | €73k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €149k | €145k | €153k | €162k | €150k |
| Equity | 10/15 | €66k | €80k | €79k | €97k | €92k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €47k | €73k | €73k | €73k | €73k |
| Accumulated profits (losses) | 14 | - | €-11k | €-12k | €6k | - |
| Amounts payable | 17/49 | €83k | €65k | €74k | €65k | €58k |
| Amounts payable after one year | 17 | €21k | €21k | €25k | €9k | €12k |
| Amounts payable within one year | 42/48 | €62k | €44k | €48k | €56k | €46k |
| Trade debts payable within one year | 44 | €21k | €9k | €22k | €37k | €28k |
| Income statement | ||||||
| Gross operating margin | 9900 | €95k | €69k | €47k | €66k | €46k |
| Operating result | 9901 | €24k | €2k | €-16k | €7k | €-10k |
| Financial income | 75 | €504 | €800 | €228 | €294 | €408 |
| Financial charges | 65 | €2k | €2k | €2k | €2k | €2k |
| Result before taxes | 9903 | €23k | €927 | €-17k | €6k | €-11k |
| Income taxes | 67/77 | €3k | €193 | €218 | €221 | €246 |
| Net result for the period | 9904 | €19k | €733 | €-18k | €6k | €-12k |
| Result to be appropriated | 9905 | €19k | €733 | €-18k | €6k | €-12k |
Legal Structure
| NACE primary | Activities of interior architects(71112) |
| Legal form | Private limited company(610) |
| Incorporation | 30-03-2018 |
| Status | Active |
| Postal code | 9100 |
Establishment units
INSIDA
since 20182.274.901.606
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0962/00H000 | Flanders | 243 m² | 1 · 91 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €19k ▲2524%
Operating result €24k, net result €19k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €733
Net result €733 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k ▼416%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Activities of interior architects71112General construction of residential buildings41001
Names & trade names
| Legal nameNL | INSIDA |
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