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INSIMA

Active
Private limited companyfounded 20223 yrs activeBoeiaardstraat 29, 8820 Torhout, BelgiumKBO/BCE: BE 0794.451.675
Summary

INSIMA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €91,670 and a net result of €73,920. Its solvency ranks better than 47% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency72▼-6
Growth78
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.11 in 2023; short-term debt: 29.5% and cash: 60.3% of total assets), but 53.1% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
44 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
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

History

On 6 December 2022, INSIMA was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€91,670▲ 416%
2023 · €17,749
Total assets
€195,300▲ 479%
2023 · €33,753
Net result
€73,920▲ 385%
2023 · €15,249
Working capital
€69,156▲ 290%
2023 · €17,749
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€20,068-€94,871▲ 373%
Net result€15,249within the sector's middle half-€73,920above the sector's middle half▲ 385%
Equity€17,749within the sector's middle half-€91,670within the sector's middle half▲ 416%
Total assets€33,753below the sector's middle half-€195,300within the sector's middle half▲ 479%
Debt€16,004-€103,630▲ 548%
Working capital€17,749within the sector's middle half-€69,156within the sector's middle half▲ 290%
Solvency52.6%within the sector's middle half-46.9%within the sector's middle half▼ 5.6pp
Current ratio2.11within the sector's middle half-2.20within the sector's middle half▲ 0.09
Return on assets (ROA)45.2%above the sector's middle half-37.8%above the sector's middle half▼ 7.3pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2023: €20,068€20,068Net result 2023: €15,249€15,249Operating result 2024: €94,871€94,871Net result 2024: €73,920€73,92020232024€0€25,000€50,000€75,000€100,000Operating result 2023: €20,068€20,100Net result 2023: €15,249€15,200Operating result 2024: €94,871€94,900Net result 2024: €73,920€73,90020232024
The operating result rises in 2024; 2024 is 373% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €195,300
Fixed assets €68,612
Current assets €126,688
Equity and liabilities €195,300
Equity €91,670 ▲ 416%
Debt €103,630 ▲ 548%
Debt's share of the balance-sheet total rises from 47.4% to 53.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€104,248▲
2023 · €22,004
Cash flow
€83,298▲
2023 · €17,186
Debt to equity
1.13▲
2023 · 0.90
ROE
80.6%▼
2023 · 85.9%
Interest coverage
58.89▼
2023 · 400.80
Debt ≤ 1 year
€57,532▲
2023 · €16,004
Debt > 1 year
€46,099
Income taxes
€19,180▲
2023 · €4,764
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€33,753€195,300▲
Fixed assets21/28-€68,612
Tangible fixed assets22/27-€68,612
Furniture and vehicles24-€47,778
Other tangible fixed assets26-€20,834
Current assets29/58€33,753€126,688▲
Amounts receivable within one year40/41€2,846€2,141▼
Trade receivables40€2,846€2,118▼
Other amounts receivable41-€23
Cash at bank and in hand54/58€25,658€117,684▲
Deferred charges and accrued income490/1€5,248€6,863▲
Equity and liabilities
Total equity and liabilities10/49€33,753€195,300▲
Equity10/15€17,749€91,670▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€15,249€89,170▲
Amounts payable17/49€16,004€103,630▲
Amounts payable after more than one year17-€46,099
Financial debts170/4-€46,099
Amounts payable within one year42/48€16,004€57,532▲
Current portion of amounts payable after more than one year42-€15,609
Trade debts44€6,050€4,938▼
Suppliers440/4€6,050€4,938▼
Taxes, remuneration and social security45€9,953€36,984▲
Taxes450/3€9,953€36,984▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,936€9,378▲
Other operating charges640/8€1,144€1,582▲
Gross operating margin9900€23,148€105,830▲
Operating profit (loss)9901€20,068€94,871▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€55€1,770▲
Recurring financial charges65€55€1,770▲
Profit (loss) for the period before taxes9903€20,013€93,100▲
Income taxes67/77€4,764€19,180▲
Profit (loss) for the period9904€15,249€73,920▲
Profit (loss) for the period to be appropriated9905€15,249€73,920▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,249€89,170▲
Profit (loss) brought forward from the previous period14P-€15,249

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,936€9,378▲ 384%
Other operating charges640/8€1,144€1,582▲ 38.3%
Gross operating margin9900€23,148€105,830▲ 357%
Operating profit (loss)9901€20,068€94,871▲ 373%
Financial income75/76B€0€0▼ 87.5%
Recurring financial income75€0€0▼ 87.5%
Financial charges65/66B€55€1,770▲ 3,125%
Recurring financial charges65€55€1,770▲ 3,125%
Profit (loss) for the period before taxes9903€20,013€93,100▲ 365%
Income taxes67/77€4,764€19,180▲ 303%
Profit (loss) for the period9904€15,249€73,920▲ 385%
Profit (loss) for the period to be appropriated9905€15,249€73,920▲ 385%
Line20232024Change
Assets
Total assets20/58€33,753€195,300▲ 479%
Fixed assets21/28-€68,612-
Tangible fixed assets22/27-€68,612-
Furniture and vehicles24-€47,778-
Other tangible fixed assets26-€20,834-
Current assets29/58€33,753€126,688▲ 275%
Amounts receivable within one year40/41€2,846€2,141▼ 24.8%
Trade receivables40€2,846€2,118▼ 25.6%
Other amounts receivable41-€23-
Cash at bank and in hand54/58€25,658€117,684▲ 359%
Deferred charges and accrued income490/1€5,248€6,863▲ 30.8%
Equity and liabilities
Total equity and liabilities10/49€33,753€195,300▲ 479%
Equity10/15€17,749€91,670▲ 416%
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€15,249€89,170▲ 485%
Amounts payable17/49€16,004€103,630▲ 548%
Amounts payable after more than one year17-€46,099-
Financial debts170/4-€46,099-
Amounts payable within one year42/48€16,004€57,532▲ 259%
Current portion of amounts payable after more than one year42-€15,609-
Trade debts44€6,050€4,938▼ 18.4%
Suppliers440/4€6,050€4,938▼ 18.4%
Taxes, remuneration and social security45€9,953€36,984▲ 272%
Taxes450/3€9,953€36,984▲ 272%
Line20232024Change
Profit (loss) for the period9904€15,249€73,920▲ 385%
+ Depreciation and write-downs630€1,936€9,378▲ 384%
Operating cash flow (approximation)€17,186€83,298▲ 385%
Change in cash-€92,025-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Torhout · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
276 m²
Building footprint
199 m²
Volume, LiDAR
1,225 m³
Parcel 31033K0344/00B002, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
INSIMA
Boeiaardstraat 29, 8820 TorhoutHoldings
since 20222.338.824.210
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31033K0344/00B002 Flanders 276 m² 1 · 199 m² 11.8 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.

Similar companies · same sector, comparable size

Of 4,561 companies in sector 74999 we hold annual accounts for 1,936. 1,558 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
Founded06-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
46180Agents specialised in the wholesale of other particular products
63920Other information service activities
64210Activities of holding companies
70100Activities of head offices
71209Other technical testing and analysis
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794451675
Also 9925:BE0794451675
Registered 02-09-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.