INTELLISOL
ActiveSummary
INTELLISOL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €36,101. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency50▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.69 in 2024; short-term debt: 14.3% and cash: 8.4% of total assets), but 74.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
25.1%
Return on assets
0.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
13 d early
2023
27 d late
2022
30 d late
2021
3 d late
2020
on the day
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 employer in Maaseik, Wholesale and retail trade sector#6 fastest grower in Maaseik#6 company by total assets in Maaseik, Wholesale and retail trade sector
Equity
€1.1m▲ 3.3%
2024 · €1.1m
Total assets
€4.5m▼ 15.9%
2024 · €5.3m
Net result
€36,101▼ 26.4%
2024 · €49,059
Working capital
€666,914▼ 12.8%
2024 · €764,798
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€292,271▲ 82.5%€118,837▼ 59.3%€128,446▲ 8.1%€139,667▲ 8.7%€115,585▼ 17.2%
Net result€198,825above the sector's middle half▲ 250%€25,015within the sector's middle half▼ 87.4%€46,461within the sector's middle half▲ 85.7%€49,059within the sector's middle half▲ 5.6%€36,101within the sector's middle half▼ 26.4%
Equity€970,957within the sector's middle half▲ 25.8%€995,972within the sector's middle half▲ 2.6%€1.0mwithin the sector's middle half▲ 4.7%€1.1mwithin the sector's middle half▲ 4.7%€1.1mabove the sector's middle half▲ 3.3%
Total assets€5.9mabove the sector's middle half▼ 9.1%€5.6mabove the sector's middle half▼ 4.6%€5.9mabove the sector's middle half▲ 4.9%€5.3mabove the sector's middle half▼ 9.7%€4.5mabove the sector's middle half▼ 15.9%
Debt€4.1m▼ 17.2%€3.8m▼ 6.6%€4.1m▲ 7.6%€3.5m▼ 13.9%€2.7m▼ 23.6%
Working capital€516,993within the sector's middle half▲ 217%€600,970within the sector's middle half▲ 16.2%€788,187within the sector's middle half▲ 31.2%€764,798within the sector's middle half▼ 3.0%€666,914within the sector's middle half▼ 12.8%
Solvency16.4%below the sector's middle half▲ 4.6pp17.7%below the sector's middle half▲ 1.2pp17.6%below the sector's middle half=20.5%below the sector's middle half▲ 2.8pp25.1%within the sector's middle half▲ 4.7pp
Current ratio2.00within the sector's middle half▲ 0.831.93within the sector's middle half▼ 0.071.64within the sector's middle half▼ 0.291.69within the sector's middle half▲ 0.052.04within the sector's middle half▲ 0.35
Return on assets (ROA)3.4%within the sector's middle half▲ 2.5pp0.4%below the sector's middle half▼ 2.9pp0.8%within the sector's middle half▲ 0.3pp0.9%within the sector's middle half▲ 0.1pp0.8%within the sector's middle half▼ 0.1pp
Staff (FTE)15.3above the sector's middle half▲ 7.7%15.7above the sector's middle half▲ 2.6%16.1above the sector's middle half▲ 2.5%17.9above the sector's middle half▲ 11.2%19.4above the sector's middle half▲ 8.4%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.2m ▼ 8.2%
Current assets
€1.3m ▼ 30.3%
Equity and liabilities €4.5m
Equity
€1.1m ▲ 3.3%
Provisions
€668,940 ▼ 7.8%
Debt
€2.7m ▼ 23.6%
Debt's share of the balance-sheet total falls from 66.0% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€553,952▼
2024 · €603,329
Cash flow
€474,469▼
2024 · €512,720
Quick ratio
0.94▲
2024 · 0.81
Debt to equity
2.38▼
2024 · 3.22
ROE
3.2%▼
2024 · 4.5%
Interest coverage
9.55▲
2024 · 8.04
Debt ≤ 1 year
€639,664▼
2024 · €1.1m
Debt > 1 year
€2.0m▼
2024 · €2.4m
Income taxes
€26,550▼
2024 · €32,791
Staff costs
€929,404▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 4,105 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,890 | - | €1,013 | €14,464 | ▲ 1,327% |
| Remuneration, social security and pensions62 | - | €763,262 | €877,677 | €1.0m | €929,404 | ▼ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €560,475 | €529,814 | €530,746 | €463,662 | €438,368 | ▼ 5.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€25,451 | -€56,158 | -€56,372 | -€56,208 | ▲ 0.3% |
| Other operating charges640/8 | - | €28,017 | €71,950 | €43,603 | €45,054 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | - | - | €1,000 | - |
| Gross operating margin9900 | €1.7m | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 10.0% |
| Operating profit (loss)9901 | €292,271 | €118,837 | €128,446 | €139,667 | €115,585 | ▼ 17.2% |
| Financial income75/76B | - | €73 | €76 | €17,264 | €5,095 | ▼ 70.5% |
| Recurring financial income75 | €525 | €73 | €76 | €17,264 | €5,095 | ▼ 70.5% |
| Financial charges65/66B | - | €79,603 | €81,655 | €75,081 | €58,029 | ▼ 22.7% |
| Recurring financial charges65 | €93,123 | €79,603 | €81,655 | €75,081 | €58,029 | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | €199,672 | €39,308 | €46,866 | €81,850 | €62,651 | ▼ 23.5% |
| Income taxes67/77 | €847 | €14,293 | €405 | €32,791 | €26,550 | ▼ 19.0% |
| Profit (loss) for the period9904 | €198,825 | €25,015 | €46,461 | €49,059 | €36,101 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | €198,825 | €25,015 | €46,461 | €49,059 | €36,101 | ▼ 26.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €5.6m | €5.9m | €5.3m | €4.5m | ▼ 15.9% |
| Fixed assets21/28 | €4.9m | €4.4m | €3.9m | €3.5m | €3.2m | ▼ 8.2% |
| Tangible fixed assets22/27 | €4.9m | €4.4m | €3.9m | €3.5m | €3.2m | ▼ 8.2% |
| Land and buildings22 | - | €544,385 | €523,657 | €505,036 | €486,550 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €1.3m | €1.0m | €806,064 | €679,367 | ▼ 15.7% |
| Furniture and vehicles24 | - | €37,213 | €31,852 | €31,686 | €62,866 | ▲ 98.4% |
| Leasing and similar rights25 | - | €2.5m | €2.3m | €2.1m | €1.9m | ▼ 8.0% |
| Financial fixed assets28 | €14,900 | €14,900 | €14,900 | €500 | €500 | = |
| Current assets29/58 | €1.0m | €1.2m | €2.0m | €1.9m | €1.3m | ▼ 30.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €45,000 | - |
| Other amounts receivable291 | - | - | - | - | €45,000 | - |
| Stocks and contracts in progress3 | €593,723 | €813,016 | €1.1m | €976,328 | €704,744 | ▼ 27.8% |
| Stocks30/36 | - | €813,016 | €1.1m | €976,328 | €704,744 | ▼ 27.8% |
| Amounts receivable within one year40/41 | €289,605 | €310,936 | €823,807 | €797,363 | €143,638 | ▼ 82.0% |
| Trade receivables40 | - | €279,114 | €763,353 | €672,154 | €96,756 | ▼ 85.6% |
| Other amounts receivable41 | - | €31,822 | €60,453 | €125,209 | €46,882 | ▼ 62.6% |
| Cash at bank and in hand54/58 | €113,680 | €100,166 | €60,504 | €50,550 | €378,559 | ▲ 649% |
| Deferred charges and accrued income490/1 | - | €23,353 | €29,712 | €49,728 | €34,637 | ▼ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €5.6m | €5.9m | €5.3m | €4.5m | ▼ 15.9% |
| Equity10/15 | €970,957 | €995,972 | €1.0m | €1.1m | €1.1m | ▲ 3.3% |
| Contributions10/11 | €170,000 | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Capital10 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Issued capital100 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Reserves13 | €800,957 | €825,972 | €872,433 | €921,492 | €957,593 | ▲ 3.9% |
| Non-distributable reserves130/1 | - | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Legal reserve130 | - | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Distributable reserves133 | - | €808,972 | €855,433 | €904,492 | €940,593 | ▲ 4.0% |
| Provisions and deferred taxes16 | €863,129 | €837,679 | €781,520 | €725,148 | €668,940 | ▼ 7.8% |
| Provisions for liabilities and charges160/5 | - | €837,679 | €781,520 | €725,148 | €668,940 | ▼ 7.8% |
| Other liabilities and charges164/5 | - | €837,679 | €781,520 | €725,148 | €668,940 | ▼ 7.8% |
| Amounts payable17/49 | €4.1m | €3.8m | €4.1m | €3.5m | €2.7m | ▼ 23.6% |
| Amounts payable after more than one year17 | €3.6m | €3.2m | €2.8m | €2.4m | €2.0m | ▼ 14.9% |
| Financial debts170/4 | - | €3.1m | €2.8m | €2.4m | €2.0m | ▼ 15.2% |
| Other amounts payable178/9 | - | €6,865 | €6,865 | €6,865 | €12,865 | ▲ 87.4% |
| Amounts payable within one year42/48 | €514,672 | €646,501 | €1.2m | €1.1m | €639,664 | ▼ 42.3% |
| Current portion of amounts payable after more than one year42 | - | €400,987 | €334,154 | €371,471 | €368,783 | ▼ 0.7% |
| Financial debts43 | - | - | €300,000 | - | - | - |
| Credit institutions430/8 | - | - | €300,000 | - | - | - |
| Trade debts44 | €33,920 | €150,707 | €234,841 | €224,366 | €43,135 | ▼ 80.8% |
| Suppliers440/4 | - | €150,707 | €234,841 | €224,366 | €43,135 | ▼ 80.8% |
| Advances received on contracts in progress46 | - | - | €268,461 | €356,818 | €106,218 | ▼ 70.2% |
| Taxes, remuneration and social security45 | - | €94,740 | €96,553 | €156,448 | €121,310 | ▼ 22.5% |
| Taxes450/3 | - | €9,394 | €2,131 | €33,079 | €6,563 | ▼ 80.2% |
| Remuneration and social security454/9 | - | €85,346 | €94,423 | €123,369 | €114,748 | ▼ 7.0% |
| Other amounts payable47/48 | - | €68 | €68 | €68 | €218 | ▲ 223% |
| Accrued charges and deferred income492/3 | - | €1,431 | €35,000 | €473 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €198,825 | €25,015 | €46,461 | €49,059 | €36,101 | ▼ 26.4% |
| + Depreciation and write-downs630 | €560,475 | €529,814 | €530,746 | €463,662 | €438,368 | ▼ 5.5% |
| Operating cash flow (approximation) | €759,300 | €554,829 | €577,207 | €512,720 | €474,469 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€44,419 | -€33,250 | -€36,427 | -€155,578 | ▼ 327% |
| Change in cash | - | -€13,514 | -€39,663 | -€9,954 | €328,009 | ▲ 3,395% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
31-03
Financial
Equity above €1mEq €1.0m ▲4.7%
5 profitable years in a row build equity to €1.0m.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Highest result since 2019net €198,825 ▲250%
Operating result €292,271, net result €198,825, both a record.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Maaseik · 1 establishment unit since 2008
Ground area
2,890 m²
Building footprint
15 m²
Parcel 72021D0329/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Intellisol
since 20082.168.511.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021D0329/00E000 | Flanders | 2,890 m² | 1 · 15 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- CAMELEON CONSULT
- INTELLISOL
Highest known parent: CAMELEON CONSULT. The sources do not say who stands above it.
Owners 1
- CAMELEON CONSULTparent62.35%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 11,992 EUR awarded · 11,830 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,475 EUR | 2,475 EUR |
| 2024 | 1 | 3,079 EUR | 2,917 EUR |
| 2023 | 1 | 1,497 EUR | 1,497 EUR |
| 2022 | 2 | 4,941 EUR | 4,941 EUR |
Recognitions · licences · registrations
Recognised contractor
7 categoriesINTELLISOL NV34732
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Of 1,244 companies in sector 46643 we hold annual accounts for 955. 692 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-01-2008
Fiscal year end31-03
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
46474Wholesale trade
46831Wholesale of construction materials, general range
47552Retail sale of lighting equipment
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
73110Advertising agencies
82100Office administrative and support services
82990Other business support services
Contact
E-mail
herman.daniels@intellisol.beMaaseik
Phone
089/35.53.00Maaseik
Fax
089/35.30.55Maaseik
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895322173
Also
9925:BE0895322173
Registered
02-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.