Intego
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 10 filings
Turnover
≈ €270,000
Estimated: probably between €210,000 and €400,000
Total assets
€359,234▲ 30.8%
2024 · €274,599
Net result
€105,813▲ 86.0%
2024 · €56,903
Working capital
€166,047▲ 234%
2024 · €49,768
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€140,258
▲ 75.7%
2025
20182025
Net result
€105,813
▲ 86.0%
2025
highest quarter of the sector
20182025
Equity
€265,397
▲ 66.3%
2025
highest quarter of the sector
20182025
Total assets
€359,234
▲ 30.8%
2025
middle half of the sector
20182025
Debt
€93,837
▼ 18.4%
2025
20182025
Working capital
€166,047
▲ 234%
2025
highest quarter of the sector
20182025
Solvency
73.9%
▲ 15.8pp
2025
middle half of the sector
20182025
Current ratio
2.77
▲ 1.34
2025
middle half of the sector
20182025
Return on assets (ROA)
29.5%
▲ 8.7pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,575-€16,884▲ 123%€17,010▲ 0.7%€34,637▲ 104%€55,475▲ 60.2%€27,152▼ 51.1%€79,834▲ 194%€140,258▲ 75.7%
Net result€4,681-€9,935▲ 112%€11,329within the sector's middle half▲ 14.0%€25,074within the sector's middle half▲ 121%€40,218within the sector's middle half▲ 60.4%€17,045within the sector's middle half▼ 57.6%€56,903within the sector's middle half▲ 234%€105,813above the sector's middle half▲ 86.0%
Equity€10,574-€18,909▲ 78.8%€28,637below the sector's middle half▲ 51.5%€52,111within the sector's middle half▲ 82.0%€90,705within the sector's middle half▲ 74.1%€106,149within the sector's middle half▲ 17.0%€159,584within the sector's middle half▲ 50.3%€265,397above the sector's middle half▲ 66.3%
Total assets€30,239-€47,995▲ 58.7%€61,227below the sector's middle half▲ 27.6%€183,532within the sector's middle half▲ 200%€215,111within the sector's middle half▲ 17.2%€240,348within the sector's middle half▲ 11.7%€274,599within the sector's middle half▲ 14.3%€359,234within the sector's middle half▲ 30.8%
Debt€19,665-€29,086▲ 47.9%€32,590▲ 12.0%€131,421▲ 303%€124,407▼ 5.3%€134,199▲ 7.9%€115,015▼ 14.3%€93,837▼ 18.4%
Working capital€6,655-€15,543▲ 134%€25,825within the sector's middle half▲ 66.2%-€54,955below the sector's middle half-€20,149below the sector's middle half▲ 63.3%€557below the sector's middle half€49,768within the sector's middle half▲ 89×€166,047above the sector's middle half▲ 234%
Solvency35.0%-39.4%▲ 4.4pp46.8%within the sector's middle half▲ 7.4pp28.4%below the sector's middle half▼ 18.4pp42.2%within the sector's middle half▲ 13.8pp44.2%within the sector's middle half▲ 2.0pp58.1%within the sector's middle half▲ 14.0pp73.9%within the sector's middle half▲ 15.8pp
Current ratio1.34-1.53▲ 0.201.79within the sector's middle half▲ 0.260.58below the sector's middle half▼ 1.210.84below the sector's middle half▲ 0.261.00below the sector's middle half▲ 0.171.43within the sector's middle half▲ 0.432.77within the sector's middle half▲ 1.34
Return on assets (ROA)15.5%-20.7%▲ 5.2pp18.5%within the sector's middle half▼ 2.2pp13.7%within the sector's middle half▼ 4.8pp18.7%within the sector's middle half▲ 5.0pp7.1%within the sector's middle half▼ 11.6pp20.7%within the sector's middle half▲ 13.6pp29.5%within the sector's middle half▲ 8.7pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 76% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359,234
Fixed assets
€99,350 ▼ 9.5%
Current assets
€259,885 ▲ 57.7%
Equity and liabilities €359,234
Equity
€265,397 ▲ 66.3%
Debt
€93,837 ▼ 18.4%
Debt's share of the balance-sheet total falls from 41.9% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150,724▲
2024 · €89,565
Cash flow
€116,279▲
2024 · €66,633
Debt to equity
0.35▼
2024 · 0.72
ROE
39.9%▲
2024 · 35.7%
Interest coverage
26.64▼
2024 · 63.44
Debt ≤ 1 year
€93,837▼
2024 · €115,015
Income taxes
€31,751▲
2024 · €21,531
Staff costs
€281▼
2024 · €1,780
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €106,395 | €11,662 | €3,576 | €13,570 | - |
| Depreciation and write-downs of the year | €1,886 | €8,129 | €8,454 | €9,730 | €10,466 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €309 awarded · €270 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €500 | €500 | €500 | €1,780 | €281 | ▼ 84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €553 | €553 | €553 | €1,886 | €8,129 | €8,454 | €9,730 | €10,466 | ▲ 7.6% |
| Other operating charges640/8 | - | - | - | €950 | €1,307 | €1,108 | €1,147 | €1,288 | ▲ 12.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €179 | €116 | - | - |
| Gross operating margin9900 | €3,159 | €19,007 | €19,124 | €37,974 | €65,411 | €37,393 | €92,608 | €152,293 | ▲ 64.4% |
| Operating profit (loss)9901 | €7,575 | €16,884 | €17,010 | €34,637 | €55,475 | €27,152 | €79,834 | €140,258 | ▲ 75.7% |
| Financial income75/76B | - | - | - | - | - | - | €12 | €2,966 | ▲ 257× |
| Recurring financial income75 | - | - | €3 | - | - | - | €12 | €2,966 | ▲ 257× |
| Financial charges65/66B | - | - | - | €290 | €267 | €957 | €1,412 | €5,659 | ▲ 301% |
| Recurring financial charges65 | €409 | €425 | €446 | €290 | €267 | €957 | €1,412 | €5,659 | ▲ 301% |
| Profit (loss) for the period before taxes9903 | €7,166 | €16,459 | €16,567 | €34,348 | €55,207 | €26,194 | €78,434 | €137,564 | ▲ 75.4% |
| Income taxes67/77 | €2,485 | €6,525 | €5,238 | €9,274 | €14,989 | €9,149 | €21,531 | €31,751 | ▲ 47.5% |
| Profit (loss) for the period9904 | €4,681 | €9,935 | €11,329 | €25,074 | €40,218 | €17,045 | €56,903 | €105,813 | ▲ 86.0% |
| Profit (loss) for the period to be appropriated9905 | €4,681 | €9,935 | €11,329 | €25,074 | €40,218 | €17,045 | €56,903 | €105,813 | ▲ 86.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €30,239 | €47,995 | €61,227 | €183,532 | €215,111 | €240,348 | €274,599 | €359,234 | ▲ 30.8% |
| Fixed assets21/28 | €3,919 | €3,366 | €2,812 | €107,321 | €110,854 | €105,976 | €109,816 | €99,350 | ▼ 9.5% |
| Tangible fixed assets22/27 | €3,919 | €3,366 | €2,812 | €107,321 | €110,854 | €105,976 | €109,816 | €99,350 | ▼ 9.5% |
| Land and buildings22 | - | - | - | €103,460 | €106,945 | €103,845 | €108,549 | €99,041 | ▼ 8.8% |
| Furniture and vehicles24 | - | - | - | €3,861 | €3,909 | €2,131 | €1,266 | €309 | ▼ 75.6% |
| Current assets29/58 | €26,320 | €44,629 | €58,414 | €76,211 | €104,257 | €134,372 | €164,783 | €259,885 | ▲ 57.7% |
| Amounts receivable within one year40/41 | €4,406 | €1,209 | €21,737 | €8,744 | €3,176 | €28,073 | €16,768 | €32,854 | ▲ 95.9% |
| Trade receivables40 | - | - | - | €6,985 | €1,158 | €28,073 | €16,768 | €23,620 | ▲ 40.9% |
| Other amounts receivable41 | - | - | - | €1,760 | €2,018 | - | - | €9,234 | - |
| Current investments50/53 | - | - | - | - | - | - | €100,000 | €110,000 | ▲ 10.0% |
| Cash at bank and in hand54/58 | €21,914 | €43,420 | €36,677 | €49,967 | €99,042 | €106,299 | €48,015 | €116,586 | ▲ 143% |
| Deferred charges and accrued income490/1 | - | - | - | €17,500 | €2,040 | - | - | €445 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €30,239 | €47,995 | €61,227 | €183,532 | €215,111 | €240,348 | €274,599 | €359,234 | ▲ 30.8% |
| Equity10/15 | €10,574 | €18,909 | €28,637 | €52,111 | €90,705 | €106,149 | €159,584 | €265,397 | ▲ 66.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €4,374 | €12,709 | €22,437 | €45,911 | €84,505 | €99,949 | €153,384 | €259,197 | ▲ 69.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €806 | €806 | €806 | €806 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €806 | €806 | €806 | - | - |
| Other1319 | - | - | - | - | - | - | - | €806 | - |
| Distributable reserves133 | - | - | - | €44,051 | €83,698 | €99,143 | €152,578 | €258,391 | ▲ 69.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €19,665 | €29,086 | €32,590 | €131,421 | €124,407 | €134,199 | €115,015 | €93,837 | ▼ 18.4% |
| Amounts payable within one year42/48 | €19,665 | €29,086 | €32,590 | €131,166 | €124,407 | €133,816 | €115,015 | €93,837 | ▼ 18.4% |
| Trade debts44 | €538 | €681 | €3,941 | €10,002 | €4,160 | €8,070 | €1,764 | €7,615 | ▲ 332% |
| Suppliers440/4 | - | - | - | €10,002 | €4,160 | €8,070 | €1,764 | €7,615 | ▲ 332% |
| Taxes, remuneration and social security45 | - | - | - | €8,435 | €13,649 | €15,916 | €14,588 | €7,201 | ▼ 50.6% |
| Taxes450/3 | - | - | - | €4,322 | €7,787 | €11,804 | €10,345 | €7,201 | ▼ 30.4% |
| Remuneration and social security454/9 | - | - | - | €4,113 | €5,863 | €4,113 | €4,243 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €112,729 | €106,598 | €109,830 | €98,663 | €79,021 | ▼ 19.9% |
| Accrued charges and deferred income492/3 | - | - | - | €255 | - | €383 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,681 | €9,935 | €11,329 | €25,074 | €40,218 | €17,045 | €56,903 | €105,813 | ▲ 86.0% |
| + Depreciation and write-downs630 | €553 | €553 | €553 | €1,886 | €8,129 | €8,454 | €9,730 | €10,466 | ▲ 7.6% |
| Operating cash flow (approximation) | €5,234 | €10,488 | €11,882 | €26,960 | €48,347 | €25,499 | €66,633 | €116,279 | ▲ 74.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€106,395 | -€11,662 | -€3,576 | -€13,570 | €0 | - |
| Change in cash | - | €21,506 | -€6,743 | €13,289 | €49,075 | €7,257 | -€58,284 | €68,570 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Intego has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Intego itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Intego. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00147646 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00283889 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00163127 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00127675 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20084506 | |
| 31-12-2020 | micro format | 26-05-2021 | 2021-16200043 | |
| 31-12-2019 | micro format | 12-06-2020 | 2020-16700052 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-24300110 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41700531 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39200036 |