INTERCESSION
ActiveSummary
INTERCESSION has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33,225 and a net result of €25,750. Equity is growing by ~54.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency73▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.11 in 2023; short-term debt: 51.6% and cash: 81.6% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.4%
Return on assets
37.5%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
23 d early
2022
40 d early
2021
33 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€33,225▲ 344%
2023 · €7,476
Total assets
€68,660▲ 89.5%
2023 · €36,229
Net result
€25,750▼ 24.9%
2023 · €34,303
Working capital
€29,791▲ 875%
2023 · €3,057
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€35,189▲ 21.3%€34,974▼ 0.6%€33,982▼ 2.8%€34,379▲ 1.2%€32,326▼ 6.0%
Net result€35,128above the sector's middle half▲ 21.3%€33,459above the sector's middle half▼ 4.7%€33,851above the sector's middle half▲ 1.2%€34,303above the sector's middle half▲ 1.3%€25,750within the sector's middle half▼ 24.9%
Equity-€94,138below the sector's middle half▲ 27.2%-€60,678below the sector's middle half▲ 35.5%-€26,827below the sector's middle half▲ 55.8%€7,476below the sector's middle half€33,225within the sector's middle half▲ 344%
Total assets€17,662below the sector's middle half▼ 26.4%€39,609below the sector's middle half▲ 124%€19,014below the sector's middle half▼ 52.0%€36,229below the sector's middle half▲ 90.5%€68,660below the sector's middle half▲ 89.5%
Debt€111,800▼ 27.1%€100,288▼ 10.3%€45,841▼ 54.3%€28,754▼ 37.3%€35,435▲ 23.2%
Working capital-€94,138below the sector's middle half▲ 27.2%-€60,678within the sector's middle half▲ 35.5%-€26,827within the sector's middle half▲ 55.8%€3,057within the sector's middle half€29,791within the sector's middle half▲ 875%
Solvency-533.0%below the sector's middle half▲ 5.7pp-153.2%below the sector's middle half▲ 379.8pp-141.1%below the sector's middle half▲ 12.1pp20.6%within the sector's middle half▲ 161.7pp48.4%within the sector's middle half▲ 27.8pp
Current ratio0.16below the sector's middle half=0.39below the sector's middle half▲ 0.240.41below the sector's middle half▲ 0.021.11within the sector's middle half▲ 0.691.84within the sector's middle half▲ 0.73
Return on assets (ROA)198.9%above the sector's middle half▲ 78.2pp84.5%above the sector's middle half▼ 114.4pp178.0%above the sector's middle half▲ 93.6pp94.7%above the sector's middle half▼ 83.3pp37.5%above the sector's middle half▼ 57.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 6% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,660
Fixed assets
€3,434 ▼ 22.3%
Current assets
€65,227 ▲ 105%
Equity and liabilities €68,660
Equity
€33,225 ▲ 344%
Debt
€35,435 ▲ 23.2%
Debt's share of the balance-sheet total falls from 79.4% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,312▼
2023 · €34,887
Cash flow
€26,735▼
2023 · €34,810
Debt to equity
1.07▼
2023 · 3.85
ROE
77.5%▼
2023 · 458.9%
Interest coverage
1032.60▲
2023 · 458.43
Debt ≤ 1 year
€35,435▲
2023 · €28,754
Income taxes
€6,544
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €507 | €985 | ▲ 94.1% |
| Other operating charges640/8 | - | €169 | €102 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | €35,289 | €35,143 | €34,084 | €34,996 | €33,430 | ▼ 4.5% |
| Operating profit (loss)9901 | €35,189 | €34,974 | €33,982 | €34,379 | €32,326 | ▼ 6.0% |
| Financial charges65/66B | - | - | €131 | €76 | €32 | ▼ 57.6% |
| Recurring financial charges65 | €61 | - | €131 | €76 | €32 | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | €35,128 | €34,974 | €33,851 | €34,303 | €32,294 | ▼ 5.9% |
| Income taxes67/77 | - | €1,515 | - | - | €6,544 | - |
| Profit (loss) for the period9904 | €35,128 | €33,459 | €33,851 | €34,303 | €25,750 | ▼ 24.9% |
| Transfer from tax-exempt reserves789 | - | €9,460 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,128 | €42,920 | €33,851 | €34,303 | €25,750 | ▼ 24.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,662 | €39,609 | €19,014 | €36,229 | €68,660 | ▲ 89.5% |
| Fixed assets21/28 | - | - | - | €4,419 | €3,434 | ▼ 22.3% |
| Tangible fixed assets22/27 | - | - | - | €4,419 | €3,434 | ▼ 22.3% |
| Furniture and vehicles24 | - | - | - | €4,419 | €3,434 | ▼ 22.3% |
| Current assets29/58 | €17,662 | €39,609 | €19,014 | €31,810 | €65,227 | ▲ 105% |
| Amounts receivable within one year40/41 | €2,785 | €8,955 | €6,193 | €5,758 | €9,204 | ▲ 59.9% |
| Trade receivables40 | - | €8,850 | €5,938 | €5,700 | €8,850 | ▲ 55.3% |
| Other amounts receivable41 | - | €105 | €255 | €58 | €354 | ▲ 516% |
| Cash at bank and in hand54/58 | €14,878 | €30,654 | €12,821 | €26,053 | €56,023 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,662 | €39,609 | €19,014 | €36,229 | €68,660 | ▲ 89.5% |
| Equity10/15 | -€94,138 | -€60,678 | -€26,827 | €7,476 | €33,225 | ▲ 344% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €11,320 | €1,860 | €1,860 | €1,276 | €27,025 | ▲ 2,019% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,276 | €27,025 | ▲ 2,019% |
| Profit (loss) carried forward14 | -€111,658 | -€68,738 | -€34,887 | - | - | - |
| Amounts payable17/49 | €111,800 | €100,288 | €45,841 | €28,754 | €35,435 | ▲ 23.2% |
| Amounts payable within one year42/48 | €111,800 | €100,288 | €45,841 | €28,754 | €35,435 | ▲ 23.2% |
| Trade debts44 | €47 | €19 | €73 | - | €64 | - |
| Suppliers440/4 | - | €19 | €73 | - | €64 | - |
| Taxes, remuneration and social security45 | - | €1,515 | €1,515 | - | €6,544 | - |
| Taxes450/3 | - | €1,515 | €1,515 | - | €6,544 | - |
| Other amounts payable47/48 | - | €98,754 | €44,254 | €28,754 | €28,826 | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,128 | €33,459 | €33,851 | €34,303 | €25,750 | ▼ 24.9% |
| + Depreciation and write-downs630 | - | - | - | €507 | €985 | ▲ 94.1% |
| Operating cash flow (approximation) | €35,128 | €33,459 | €33,851 | €34,810 | €26,735 | ▼ 23.2% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €15,776 | -€17,833 | €13,232 | €29,970 | ▲ 126% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.11
Current ratio from 0.41 to 1.11; short-term debt falls from €45,841 to €28,754.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €35,128 ▲21.3%
Operating result €35,189, net result €35,128, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €28,959
Net result €28,959 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kapellen · 1 establishment unit since 2005
Ground area
4,313 m²
Building footprint
157 m²
Volume, LiDAR
1,999 m³
Parcel 11023I0136/00F000, Flanders · tallest building 20.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
INTERCESSION
since 20052.150.504.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0136/00F000 | Flanders | 4,313 m² | 1 · 156 m² | 20.3 m · 4 fl. |
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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,649 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877048957
Also
9925:BE0877048957
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.