INSTEL TECH
ActiveThe computed 12-month bankruptcy probability of INSTEL TECH is 1.8% (moderate). The 2025 annual accounts show equity of €92k and a net result of €3k. Equity is growing by ~34.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 7391 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-25
Solvency69▲+5
Growth68=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.69 in 2024; short-term debt: 49.7% of total assets), but 55.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
44.2%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
141 d late
2023
60 d late
2022
100 d late
2021
56 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€121k▲ 128%
2021 · €53k
2021: €53k
2021 → 2022
EBIT margin
24.9%▼ 43.6pp
2021 · 68.5%
2021: 68.5%
2021 → 2022
Net result
€3k▼ 86.2%
2024 · €23k
2021: €36k
2022: €32k
2023: €21k
2024: €23k
2021 → 2025
Working capital
€88k▲ 5.6%
2024 · €84k
2021: €17k
2022: €49k
2023: €59k
2024: €84k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€53k-€121k▲ 128%
Equity€17k-€49k▲ 183%€66k▲ 33.1%€88k▲ 34.9%€92k▲ 3.6%
Operating result€36k-€30k▼ 17.1%€20k▼ 33.6%€50k▲ 150%€9k▼ 82.0%
Net result€36k-€32k▼ 12.4%€21k▼ 33.2%€23k▲ 7.3%€3k▼ 86.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€16k▼ 27.5%
Current assets
€191k▼ 7.0%
Equity and liabilities €207k
Equity
€92k▲ 3.6%
Debt
€116k▼ 16.9%
The debt ratio falls from 61.2% to 55.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €56k
Cash flow
€9k▼
2024 · €29k
Solvency
44.2%▲
2024 · 38.8%
Current ratio
1.86▲
2024 · 1.69
Quick ratio
1.86▲
2024 · 1.69
Debt / equity
1.26▼
2024 · 1.57
ROE
3.4%▼
2024 · 25.8%
ROA
1.5%▼
2024 · 10.0%
Interest coverage
4.26▼
2024 · 35.11
Debt
€116k▼
2024 · €139k
Debt ≤ 1 year
€103k▼
2024 · €122k
Debt > 1 year
€13k▼
2024 · €17k
Income taxes
€945▼
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€228k€207k▼
Fixed assets21/28€22k€16k▼
Tangible fixed assets22/27€22k€16k▼
Furniture and vehicles24€525€167▼
Leasing and similar rights25€21k€16k▼
Financial fixed assets28€98€98=
Current assets29/58€205k€191k▼
Amounts receivable within one year40/41€192k€191k▼
Trade receivables40€8k€21k▲
Other amounts receivable41€185k€170k▼
Cash at bank and in hand54/58€13k-
Equity and liabilities
Total equity and liabilities10/49€228k€207k▼
Equity10/15€88k€92k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€87k€91k▲
Amounts payable17/49€139k€116k▼
Amounts payable after more than one year17€17k€13k▼
Financial debts170/4€17k€13k▼
Amounts payable within one year42/48€122k€103k▼
Current portion of amounts payable after more than one year42€4k€10k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€25k€58k▲
Suppliers440/4€25k€58k▲
Advances received on contracts in progress46€49k-
Taxes, remuneration and social security45€19k€7k▼
Taxes450/3€13k€7k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€25k€25k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€132€248▲
Gross operating margin9900€56k€15k▼
Operating profit (loss)9901€50k€9k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€4k▲
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€49k€4k▼
Income taxes67/77€26k€945▼
Profit (loss) for the period9904€23k€3k▼
Profit (loss) for the period to be appropriated9905€23k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€91k▲
Profit (loss) brought forward from the previous period14P€65k€87k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €3k ▼86.2%
Net result drops to €3k, the lowest in the series.
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 141 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
25-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vilvoorde · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Guldenschaapstraat 61800 VilvoordeGround area
94 m²
Building footprint
82 m²
Volume, LiDAR
725 m³
Parcel 23642D0866/00X000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INSTEL TECH
since 20232.347.153.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0866/00X000 | Flanders | 93 m² | 1 · 82 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
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.
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VERIBOUW
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,164 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
43211General electrical installation work
43350Other building finishing work
43910Bricklaying and masonry work
43992Specialised construction activities
43994Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.