INTEGRATE
ActiveSummary
The computed 12-month bankruptcy probability of INTEGRATE is 7.7% (elevated). The annual accounts of INTEGRATE for financial year 2025 show a net loss of 62% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €21,325 and a net result of -€28,555. Equity has been shrinking by about 22% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 53% of 9,898 sector peers (NACE 43, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-07-2015 Normal situation
- Activity
- Insulation installation NACE 43230and 4 others
- Establishment unit
- 2.245.737.268 1060 Sint-Gillis (bij-Brussel), since 03-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- DELATTIN Frank René RobertDirector · since 24-12-2024
- BIESMANS GROUP20%2025 annual accounts of BIESMANS GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.7%
- Gross margin
- -€8,854
- ▲ 83.6%
- Loss
- €28,555
- ▼ 61.7%
- Equity
- €21,325
- ▼ 57.2%
- Total assets
- €45,789
- ▼ 30.4%
- 2025 accounts filed 39 days after the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsLoss of €28,555, the second in a row (financial year 2025)Last filed accounts filed 39 days late; 3 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 50% of them on solvency, 21% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 39 days after the deadline Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507205.
Annual accounts 2025 filed on 08-09-2026 at the NBB all 10 filings
Every figure per financial year
The operating result for 2025 is a loss of €29,351, smaller than the loss of €76,476 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | €47,665 | €26,000 | - | €5,900 | €5,608 |
| Depreciation and write-downs of the year | €47,298 | €27,148 | €22,479 | €21,655 | €19,241 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
European research
1 project · 1 as coordinator · €50,000 EU contribution| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €353 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136,498 | €138,797 | €91,094 | €47,298 | €27,148 | €22,479 | €21,655 | €19,241 | ▼ 11.1% |
| Other operating charges640/8 | - | - | - | €779 | €752 | €749 | €970 | €1,256 | ▲ 29.5% |
| Gross operating margin9900 | -€18,931 | €53,451 | €51,404 | €108,674 | €69,561 | €12,543 | -€53,851 | -€8,854 | ▲ 83.6% |
| Operating profit (loss)9901 | -€158,906 | -€88,503 | -€40,154 | €60,244 | €41,661 | -€10,685 | -€76,476 | -€29,351 | ▲ 61.6% |
| Financial income75/76B | - | - | - | - | - | €18 | - | €49 | - |
| Recurring financial income75 | €59,365 | €12 | €0 | - | - | €18 | - | €49 | - |
| Financial charges65/66B | - | - | - | €375 | €1,202 | €407 | €358 | €242 | ▼ 32.4% |
| Recurring financial charges65 | €874 | €129 | €139 | €375 | €1,202 | €407 | €358 | €242 | ▼ 32.4% |
| Profit (loss) for the period before taxes9903 | -€100,415 | -€88,619 | -€40,293 | €59,869 | €40,459 | -€11,075 | -€76,834 | -€29,544 | ▲ 61.5% |
| Income taxes67/77 | - | - | - | - | -€1,335 | €1,000 | -€2,222 | -€989 | ▲ 55.5% |
| Profit (loss) for the period9904 | -€100,415 | -€88,619 | -€40,293 | €59,869 | €41,794 | -€12,075 | -€74,612 | -€28,555 | ▲ 61.7% |
| Profit (loss) for the period to be appropriated9905 | -€100,415 | -€88,619 | -€40,293 | €59,869 | €41,794 | -€12,075 | -€74,612 | -€28,555 | ▲ 61.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €342,418 | €204,501 | €114,329 | €134,760 | €146,431 | €137,158 | €65,769 | €45,789 | ▼ 30.4% |
| Fixed assets21/28 | €267,621 | €139,308 | €72,546 | €72,913 | €71,765 | €49,285 | €33,530 | €20,116 | ▼ 40.0% |
| Intangible fixed assets21 | €266,752 | €138,782 | €72,262 | €72,765 | €71,753 | €49,285 | €33,530 | €20,116 | ▼ 40.0% |
| Tangible fixed assets22/27 | €869 | €526 | €284 | €148 | €12 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €148 | €12 | - | - | - | - |
| Current assets29/58 | €74,797 | €65,193 | €41,783 | €61,847 | €74,667 | €87,873 | €32,239 | €25,673 | ▼ 20.4% |
| Stocks and contracts in progress3 | - | - | - | - | - | €47,494 | - | - | - |
| Contracts in progress37 | - | - | - | - | - | €47,494 | - | - | - |
| Amounts receivable within one year40/41 | €3,376 | €8,130 | €3,347 | - | €2,467 | €31,772 | €25,037 | €23,460 | ▼ 6.3% |
| Trade receivables40 | - | - | - | - | - | - | €1,730 | €3,255 | ▲ 88.2% |
| Other amounts receivable41 | - | - | - | - | €2,467 | €31,772 | €23,307 | €20,206 | ▼ 13.3% |
| Cash at bank and in hand54/58 | €48,927 | €27,795 | €4,303 | €24,590 | €41,568 | €8,607 | €7,202 | €2,213 | ▼ 69.3% |
| Deferred charges and accrued income490/1 | - | - | - | €37,257 | €30,632 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €342,418 | €204,501 | €114,329 | €134,760 | €146,431 | €137,158 | €65,769 | €45,789 | ▼ 30.4% |
| Equity10/15 | €333,248 | €185,441 | €106,286 | €124,165 | €136,566 | €124,491 | €49,879 | €21,325 | ▼ 57.2% |
| Contributions10/11 | €836,379 | €836,379 | €836,379 | €836,379 | €836,379 | €836,379 | €836,379 | €836,379 | = |
| Capital10 | - | - | - | €836,379 | €836,379 | €836,379 | €836,379 | €836,379 | = |
| Issued capital100 | - | - | - | €837,000 | €837,000 | €837,000 | €837,000 | €837,000 | = |
| Uncalled capital101 | - | - | - | €621 | €621 | €621 | €621 | €621 | = |
| Profit (loss) carried forward14 | -€672,563 | -€761,182 | -€801,475 | -€741,607 | -€699,813 | -€711,888 | -€786,500 | -€815,054 | ▼ 3.6% |
| Investment grants15 | - | - | - | €29,392 | - | - | - | - | - |
| Amounts payable17/49 | €9,170 | €19,061 | €8,043 | €10,595 | €9,865 | €12,667 | €15,890 | €24,464 | ▲ 54.0% |
| Amounts payable within one year42/48 | €9,170 | €18,021 | €8,043 | €10,595 | €9,456 | €12,611 | €13,321 | €21,912 | ▲ 64.5% |
| Trade debts44 | €3,882 | €10,871 | €1,520 | €4,071 | €2,932 | €5,695 | €6,404 | €6,995 | ▲ 9.2% |
| Suppliers440/4 | - | - | - | €4,071 | €2,932 | €5,695 | €6,404 | €6,995 | ▲ 9.2% |
| Other amounts payable47/48 | - | - | - | €6,524 | €6,524 | €6,917 | €6,917 | €14,917 | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | - | €409 | €55 | €2,569 | €2,552 | ▼ 0.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,415 | -€88,619 | -€40,293 | €59,869 | €41,794 | -€12,075 | -€74,612 | -€28,555 | ▲ 61.7% |
| + Depreciation and write-downs630 | €136,498 | €138,797 | €91,094 | €47,298 | €27,148 | €22,479 | €21,655 | €19,241 | ▼ 11.1% |
| Operating cash flow (approximation) | €36,083 | €50,178 | €50,801 | €107,167 | €68,942 | €10,405 | -€52,957 | -€9,314 | ▲ 82.4% |
| Investment in fixed assets (approximation) | - | -€10,485 | -€24,332 | -€47,665 | -€26,000 | €0 | -€5,900 | -€5,826 | ▲ 1.2% |
| Change in cash | - | -€21,132 | -€23,492 | €20,287 | €16,978 | -€32,961 | -€1,405 | -€4,989 | ▼ 255% |
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, 4,805 companies had the same profile as INTEGRATE has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of INTEGRATE itself is higher: 7.7% within 12 months. It rests on far more data about INTEGRATE than the profile alone.
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 4,805 companies, not a prediction for INTEGRATE. 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 | abbreviated format | 08-09-2026 | 2026-00507205 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00521156 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00424392 | |
| 31-12-2022 | micro format | 14-02-2023 | 2023-00027163 | |
| 31-12-2021 | micro format | 03-01-2023 | 2023-20551777 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-51400156 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66800424 | |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-53300256 | |
| 31-12-2017 | abbreviated format | 10-08-2018 | 2018-44500376 | |
| 31-12-2016 | abbreviated format | 21-08-2017 | 2017-45900220 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €53.7m Profit of €1.1m in 2025 (profit of €27.2m in 2024)20%
Capital transactions
- 19-05-2025 Capital stated in the deed · €837,000 · 23,250 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DELATTIN Frank René Robert |
|
| CANINI Sergio |
|
| VANDERHOYDONCK Francis Marie Fernand |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, enige bestuurder”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “A, 1 tot en met 16.275”“B, 16.276 tot en met 23.250”
Articles of association, deed of 19-05-2025 (in Dutch)
Network & group
Companies at the same address
4 other companiesConnections & network
1 current directorThe network starts from the directors of INTEGRATE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-10
Gazette deed
Registered office moved from Brussel to Sint GillisNew seat: Waterloose Steenweg 19 bus 2, 1060 Sint Gillis · Previous seat: Chililaan 15, 1000 Brussel · Power of attorney4 points ▸
- Board meeting, 01-07-2025
- Registered-office move, Waterloose Steenweg 19 bus 2, 1060 Sint Gillis
- Power of attorney, BV Financial Link
- Power of attorney
19-05
Gazette deed
1 director appointed, 3 directors resigningChange of role: DELATTIN Frank René Robert, from director to niet statutaire enige bestuurder · Resignations: CANINI Sergio (director) and VANDERHOYDONCK Francis Marie Fernand (director) · Amendment of the articles12 points ▸
- General meeting, 24-12-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €837,000
- Director resignation, DELATTIN Frank René Robert (director)
- Director resignation, CANINI Sergio (director)
- Director resignation, VANDERHOYDONCK Francis Marie Fernand (director)
- Director appointment, DELATTIN Frank René Robert (niet statutaire enige bestuurder)
- Registered office clause, “Chililaan 15, 1000 Brussel, Vierde besluit” (deed in Dutch)
- Other provision, “STEMMING, voorgaande besluiten genomen met eenparigheid van stemmen” (deed in Dutch)
- Director discharge, DELATTIN Frank René Robert
- Director discharge, CANINI Sergio
- Director discharge, VANDERHOYDONCK Francis Marie Fernand
05-05
Gazette deed
Registered office · MiscellaneousCorrection1 point ▸
- Correction, “Kempische Steenweg 293 -3500 Hasselt” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Chililaan 15, 1000 Brussel until 01-07-2025 · act of 01-10-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0633.496.310
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21562A0047/00P000 | Brussels | 296 m² | 1 · 126 m² | 20.7 m · 6 |