Intertent
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-04-2026 PDF all 43 filings
Turnover
≈ €350,000
Estimated: probably between €210,000 and €650,000
Total assets
€153,867▲ 294%
2024 · €39,030
Net result
€78,988
2024 · -€4,950
Working capital
-€51,605▲ 29.3%
2024 · -€73,003
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€80,996
2025
20182025
Net result
€78,988
2025
middle half of the sector
20182025
Equity
€16,384
2025
lowest quarter of the sector
20182025
Total assets
€153,867
▲ 294%
2025
lowest quarter of the sector
20182025
Debt
€137,483
▲ 35.3%
2025
20182025
Working capital
-€51,605
▲ 29.3%
2025
middle half of the sector
20182025
Solvency
10.6%
▲ 171.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.62
▲ 0.34
2025
middle half of the sector
20182025
Return on assets (ROA)
51.3%
▲ 64.0pp
2025
highest quarter of the sector
20182025
Staff (FTE)
0.8
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€2,697-€2,135▼ 20.8%-€2,791-€5,872▼ 110%-€38,225▼ 551%-€5,126▲ 86.6%-€4,328▲ 15.6%€80,996
Net result€1,179-€511▼ 56.7%-€4,328within the sector's middle half-€7,312below the sector's middle half▼ 69.0%-€39,786below the sector's middle half▼ 444%-€6,415below the sector's middle half▲ 83.9%-€4,950below the sector's middle half▲ 22.8%€78,988within the sector's middle half
Equity-€324-€187-€4,141below the sector's middle half-€11,453below the sector's middle half▼ 177%-€51,240below the sector's middle half▼ 347%-€57,654below the sector's middle half▼ 12.5%-€62,604below the sector's middle half▼ 8.6%€16,384below the sector's middle half
Total assets€101,831-€102,965▲ 1.1%€98,985within the sector's middle half▼ 3.9%€90,690within the sector's middle half▼ 8.4%€51,356below the sector's middle half▼ 43.4%€45,941below the sector's middle half▼ 10.5%€39,030below the sector's middle half▼ 15.0%€153,867below the sector's middle half▲ 294%
Debt€102,155-€102,779▲ 0.6%€103,126▲ 0.3%€102,143▼ 1.0%€102,595▲ 0.4%€103,595▲ 1.0%€101,634▼ 1.9%€137,483▲ 35.3%
Working capital-€19,536--€16,782▲ 14.1%-€18,866within the sector's middle half▼ 12.4%-€22,061within the sector's middle half▼ 16.9%-€61,718within the sector's middle half▼ 180%-€68,053within the sector's middle half▼ 10.3%-€73,003within the sector's middle half▼ 7.3%-€51,605within the sector's middle half▲ 29.3%
Solvency-0.3%-0.2%▲ 0.5pp-4.2%below the sector's middle half▼ 4.4pp-12.6%below the sector's middle half▼ 8.4pp-99.8%below the sector's middle half▼ 87.1pp-125.5%below the sector's middle half▼ 25.7pp-160.4%below the sector's middle half▼ 34.9pp10.6%below the sector's middle half▲ 171.1pp
Current ratio0.81-0.84▲ 0.030.82within the sector's middle half▼ 0.020.78within the sector's middle half▼ 0.030.40below the sector's middle half▼ 0.390.34below the sector's middle half▼ 0.060.28below the sector's middle half▼ 0.060.62within the sector's middle half▲ 0.34
Return on assets (ROA)1.2%-0.5%▼ 0.7pp-4.4%within the sector's middle half▼ 4.9pp-8.1%below the sector's middle half▼ 3.7pp-77.5%below the sector's middle half▼ 69.4pp-14.0%below the sector's middle half▲ 63.5pp-12.7%below the sector's middle half▲ 1.3pp51.3%above the sector's middle half▲ 64.0pp
Staff (FTE)0.8within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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 a profit of €80,996, after a loss of €4,328 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or 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 €153,867
Fixed assets
€67,989 ▲ 554%
Current assets
€85,878 ▲ 200%
Equity and liabilities €153,867
Equity
€16,384
Debt
€137,483
Debt's share of the balance-sheet total is 89.4%.
Key figures and ratios
EBITDA
€92,208
Cash flow
€90,201
Debt to equity
8.39
ROE
482.1%
Interest coverage
44.80
Debt ≤ 1 year
€137,483▲
2024 · €101,634
Staff costs
€36,867
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.8 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €68,803 |
| Depreciation and write-downs of the year | €2,244 | €129 | €80 | - | €11,212 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €36,867 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167 | €2,244 | €2,244 | €2,244 | €129 | €80 | - | €11,212 | - |
| Other operating charges640/8 | - | - | - | €289 | €34,139 | €1,102 | €2,825 | €6,558 | ▲ 132% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | €0 | - | - | - | - |
| Non-recurring operating charges66A | - | - | - | €1,873 | - | - | - | - | - |
| Gross operating margin9900 | €3,576 | €5,174 | - | -€1,466 | -€3,956 | -€3,943 | -€1,503 | €135,633 | - |
| Operating profit (loss)9901 | €2,697 | €2,135 | -€2,791 | -€5,872 | -€38,225 | -€5,126 | -€4,328 | €80,996 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €50 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €50 | - |
| Financial charges65/66B | - | - | - | €1,441 | €1,561 | €1,289 | €622 | €2,058 | ▲ 231% |
| Recurring financial charges65 | €1,518 | €1,624 | €1,536 | €1,441 | €1,561 | €1,289 | €622 | €2,058 | ▲ 231% |
| Profit (loss) for the period before taxes9903 | €1,179 | €511 | -€4,328 | -€7,312 | -€39,786 | -€6,415 | -€4,950 | €78,988 | - |
| Profit (loss) for the period9904 | €1,179 | €511 | -€4,328 | -€7,312 | -€39,786 | -€6,415 | -€4,950 | €78,988 | - |
| Profit (loss) for the period to be appropriated9905 | €1,179 | €511 | -€4,328 | -€7,312 | -€39,786 | -€6,415 | -€4,950 | €78,988 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €101,831 | €102,965 | €98,985 | €90,690 | €51,356 | €45,941 | €39,030 | €153,867 | ▲ 294% |
| Fixed assets21/28 | €19,212 | €16,969 | €14,725 | €10,608 | €10,479 | €10,398 | €10,398 | €67,989 | ▲ 554% |
| Tangible fixed assets22/27 | €8,814 | €6,570 | €4,326 | €210 | €80 | €0 | €0 | €57,591 | - |
| Plant, machinery and equipment23 | - | - | - | €210 | €80 | €0 | €0 | €57,591 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €10,398 | €10,398 | €10,398 | €10,398 | €10,398 | €10,398 | €10,398 | €10,398 | = |
| Current assets29/58 | €82,619 | €85,997 | €84,261 | €80,082 | €40,877 | €35,542 | €28,631 | €85,878 | ▲ 200% |
| Amounts receivable within one year40/41 | €81,278 | €85,819 | €83,900 | €79,837 | €40,525 | €35,517 | €28,627 | €73,904 | ▲ 158% |
| Trade receivables40 | - | - | - | €33,012 | €0 | - | - | €15,869 | - |
| Other amounts receivable41 | - | - | - | €46,825 | €40,525 | €35,517 | €28,627 | €58,035 | ▲ 103% |
| Cash at bank and in hand54/58 | €1,341 | €178 | €361 | €244 | €352 | €25 | €4 | €11,973 | ▲ 2,753× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €101,831 | €102,965 | €98,985 | €90,690 | €51,356 | €45,941 | €39,030 | €153,867 | ▲ 294% |
| Equity10/15 | -€324 | €187 | -€4,141 | -€11,453 | -€51,240 | -€57,654 | -€62,604 | €16,384 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €50,236 | €50,236 | €50,236 | €50,236 | €50,236 | €50,236 | €50,236 | €50,236 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €48,376 | €48,376 | €48,376 | €48,376 | €48,376 | = |
| Profit (loss) carried forward14 | -€69,160 | -€68,649 | -€72,977 | -€80,289 | -€120,075 | -€126,490 | -€131,440 | -€52,452 | ▲ 60.1% |
| Amounts payable17/49 | €102,155 | €102,779 | €103,126 | €102,143 | €102,595 | €103,595 | €101,634 | €137,483 | ▲ 35.3% |
| Amounts payable within one year42/48 | €102,155 | €102,779 | €103,126 | €102,143 | €102,595 | €103,595 | €101,634 | €137,483 | ▲ 35.3% |
| Trade debts44 | - | €4,522 | €4,870 | €3,886 | €4,339 | €5,339 | €3,377 | €21,485 | ▲ 536% |
| Suppliers440/4 | - | - | - | €3,886 | €4,339 | €5,339 | €3,377 | €21,485 | ▲ 536% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €22,483 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €12,926 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €9,557 | - |
| Other amounts payable47/48 | - | - | - | €98,257 | €98,257 | €98,257 | €98,257 | €93,515 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,179 | €511 | -€4,328 | -€7,312 | -€39,786 | -€6,415 | -€4,950 | €78,988 | - |
| + Depreciation and write-downs630 | €167 | €2,244 | €2,244 | €2,244 | €129 | €80 | - | €11,212 | - |
| Operating cash flow (approximation) | €1,346 | €2,754 | -€2,084 | -€5,068 | -€39,657 | -€6,335 | -€4,950 | €90,201 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,873 | €0 | €0 | €0 | -€68,803 | - |
| Change in cash | - | -€1,163 | €183 | -€116 | €107 | -€327 | -€21 | €11,969 | - |
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, 3,818 companies had the same profile as Intertent has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Intertent itself: 0.6% 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 3,818 companies, not a prediction for Intertent. 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.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-04-2026 | 2026-00074410 | |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00439703 | |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00361054 | |
| 31-12-2022 | abbreviated format | 13-08-2024 | 2024-00343058 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20413805 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-31100241 | |
| 31-12-2019 | micro format | 09-11-2020 | 2020-70100148 | |
| 31-12-2018 | abbreviated format | 01-10-2019 | 2019-68400032 | |
| 31-12-2017 | micro format | 16-09-2018 | 2018-63500275 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58400021 |