Intercable Tools
ActiveSummary
Intercable Tools has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,168 and a net result of €1,168. Its solvency ranks better than 14% of 9,758 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Staff
- 3.7 FTE
- Equity
- €11,168
- Profit
- €1,168
- Parent
- MFH GmbH
Why 63raises riskFounded in 2024Liquidity: current ratio 0.82, cash €10,775Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €297,677Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 19% on solvency, 24% on liquidity and 47% on profitability.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: L&S Bedrijfsrevisoren (statutory auditor)Permanent representative: Abdel Serghini
- IncorporationPermanent representative: Kurt Mutschlechner ·…
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,135 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €0.9m |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m |
| Other operating charges640/8 | €0.001m |
| Gross operating margin9900 | €1.0m |
| Operating profit (loss)9901 | €0.03m |
| Financial income75/76B | €380 |
| Recurring financial income75 | €380 |
| Financial charges65/66B | €0.02m |
| Recurring financial charges65 | €0.02m |
| Profit (loss) for the period before taxes9903 | €0.01m |
| Income taxes67/77 | €0.01m |
| Profit (loss) for the period9904 | €0.001m |
| Profit (loss) for the period to be appropriated9905 | €0.001m |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €297,677 | |
| Formation expenses20 | €4,808 | |
| Fixed assets21/28 | €159,638 | |
| Tangible fixed assets22/27 | €159,273 | |
| Plant, machinery and equipment23 | €12,914 | |
| Furniture and vehicles24 | €146,358 | |
| Financial fixed assets28 | €366 | |
| Current assets29/58 | €133,231 | |
| Amounts receivable within one year40/41 | €69,584 | |
| Trade receivables40 | €60,000 | |
| Other amounts receivable41 | €9,584 | |
| Cash at bank and in hand54/58 | €10,775 | |
| Deferred charges and accrued income490/1 | €52,872 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €297,677 | |
| Equity10/15 | €11,168 | |
| Contributions10/11 | €10,000 | |
| Profit (loss) carried forward14 | €1,168 | |
| Amounts payable17/49 | €286,508 | |
| Amounts payable after more than one year17 | €124,509 | |
| Financial debts170/4 | €124,509 | |
| Amounts payable within one year42/48 | €162,000 | |
| Current portion of amounts payable after more than one year42 | €50,117 | |
| Trade debts44 | €7,045 | |
| Suppliers440/4 | €7,045 | |
| Taxes, remuneration and social security45 | €104,731 | |
| Taxes450/3 | €25,370 | |
| Remuneration and social security454/9 | €79,361 | |
| Other amounts payable47/48 | €108 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €1,168 |
| + Depreciation and write-downs630 | €91,107 |
| Operating cash flow (approximation) | €92,275 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00234379 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors |
|
Owners and capital
Owners
1 ownerChain of control
- MFH GmbHIT
- Intercable Tools
Highest known parent: MFH GmbH (Italy). The sources do not say who stands above it.
Owners 1
- MFH GmbHITconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
No sitting directors or connected companies in the 2 Gazette acts read.
History
Acts, filings and financial milestones
12-03
Gazette deed
Appointment: L&S Bedrijfsrevisoren (statutory auditor)Permanent representative: Abdel Serghini3 facts ▸
- General meeting, 29-01-2026
- Auditor appointment, L&S Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Abdel Serghini
23-02
Gazette deed
IncorporationPermanent representative: Kurt Mutschlechner · Founding capital · Bank account9 facts ▸
- Incorporation, 20-02-2024
- Founding capital, €10,000 (2 times)
- Bank account, 10000, “voor oprichting” (deed in Dutch)
- Board meeting, “directeur in zin van artikel 15/General Manager, alle daden inzake dagelijks bestuur alsook vertegenwoordiging wat dat bestuur aangaat” (deed in Dutch)
- Other provision, “verklaring enige aandeelhouder, artikel 2:8 §4 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “oprichter”, founder (deed in Dutch)
- Power of attorney, Ruth COREMANS (medewerkster van deckers notarissen)
- Other provision, “gewone bestuurder, duur van de vennootschap” (deed in Dutch)
- Permanent representative, Kurt Mutschlechner
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41056A0100/00C000 | Flanders | 2,622 m² | 1 · 173 m² | 0.0 m |
| 41056A0100/00K000 | Flanders | 716 m² | 1 · 174 m² | 6.4 m · 2 |