INTOCON
ActiveSummary
INTOCON has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €775,556. Equity is growing by about 3.2% per year across the filed financial years. Its solvency ranks better than 81% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 26.5 FTE
- Equity
- €4.0m
- Profit
- €775,556
- Parent
- Sticomax BV
- VYCOMDirector · permanent representative Lode De Boe
Why 96lowers riskFounded in 1998Size: 26.5 FTE, total assets €6.2mEquity €4.0m (64.6% of total assets)Profit of €775,556 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 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 28, small): better than 80% on solvency, 53% on liquidity, 80% on profitability and 74% on growth.
The bankruptcy probability was computed on 22-10-2026 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Appointments: VYCOM (director) and Moore Audit…Permanent representative: Lode De Boe…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 0% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result +355% on 2023. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,473 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% | 1.0% |
| 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 20,139 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.003m | €2.3m | €0.007m | €0.07m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.2m | €1.3m | €1.5m | €2.0m | ▲ 32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.003m | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.004m | -€0.02m | -€0.01m | €0 | -€0.2m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 26.4% |
| Non-recurring operating charges66A | - | - | - | - | €0.002m | - | - | - | - |
| Gross operating margin9900 | €1.9m | €2.0m | €1.7m | €1.5m | €4.4m | €1.7m | €2.6m | €2.9m | ▲ 14.0% |
| Operating profit (loss)9901 | €0.7m | €0.8m | €0.6m | €0.3m | €3.1m | €0.3m | €0.8m | €0.8m | ▼ 0.4% |
| Financial income75/76B | - | - | - | €0.04m | €0.06m | €0.1m | €0.1m | €0.2m | ▲ 7.8% |
| Recurring financial income75 | €0.03m | €0.03m | €0.02m | €0.04m | €0.06m | €0.1m | €0.1m | €0.2m | ▲ 7.8% |
| Financial charges65/66B | - | - | - | €0.01m | €0.003m | €0.02m | €0.007m | €0.007m | ▲ 5.8% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.002m | €0.01m | €0.003m | €0.02m | €0.007m | €0.007m | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €0.7m | €0.8m | €0.7m | €0.3m | €3.1m | €0.4m | €1.0m | €1.0m | ▲ 0.8% |
| Transfer from deferred taxes780 | - | - | - | €306 | - | - | - | - | - |
| Income taxes67/77 | €0.2m | €0.2m | €0.2m | €0.08m | €0.7m | €0.2m | €0.2m | €0.2m | ▼ 7.3% |
| Profit (loss) for the period9904 | €0.5m | €0.6m | €0.5m | €0.3m | €2.5m | €0.2m | €0.8m | €0.8m | ▲ 3.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.001m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.8m | €0.5m | €0.3m | €2.5m | €0.2m | €0.8m | €0.8m | ▲ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.7m | €5.4m | €3.7m | €5.7m | €5.0m | €6.5m | €6.2m | €6.2m | ▼ 0.2% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.0m | €0.9m | €0.4m | €0.6m | €0.6m | €0.6m | ▲ 0.4% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.0m | €0.9m | €0.4m | €0.6m | €0.6m | €0.6m | ▲ 0.4% |
| Land and buildings22 | - | - | - | €0.8m | €0.1m | €0.08m | €0.06m | €0.04m | ▼ 39.0% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 6.2% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.07m | €0.2m | €0.2m | €0.3m | ▲ 18.5% |
| Financial fixed assets28 | €65 | €65 | €65 | €65 | €65 | €65 | €70 | €0 | ▼ 100% |
| Current assets29/58 | €3.4m | €4.2m | €2.6m | €4.8m | €4.5m | €5.9m | €5.6m | €5.6m | ▼ 0.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.6m | €1.4m | €3.0m | €2.5m | €2.5m | = |
| Other amounts receivable291 | - | - | - | €0.6m | €1.4m | €3.0m | €2.5m | €2.5m | = |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.2m | €0.7m | €0.4m | €1.1m | €1.0m | €0.4m | ▼ 58.0% |
| Stocks30/36 | - | - | - | €0.7m | €0.4m | €1.1m | €1.0m | €0.2m | ▼ 79.8% |
| Contracts in progress37 | - | - | - | - | - | - | - | €0.2m | - |
| Amounts receivable within one year40/41 | €0.8m | €1.2m | €0.5m | €2.0m | €0.9m | €1.2m | €1.9m | €2.1m | ▲ 7.7% |
| Trade receivables40 | - | - | - | €1.9m | €0.9m | €1.1m | €1.6m | €1.7m | ▲ 8.0% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.001m | €0.1m | €0.3m | €0.3m | ▲ 6.5% |
| Current investments50/53 | €2.3m | €2.5m | €1.7m | €1.4m | €1.3m | €0.001m | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.2m | €0.1m | €0.04m | €0.5m | €0.5m | €0.2m | €0.5m | ▲ 201% |
| Deferred charges and accrued income490/1 | - | - | - | €0.09m | €0.1m | €0.1m | €0.04m | €0.09m | ▲ 145% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.7m | €5.4m | €3.7m | €5.7m | €5.0m | €6.5m | €6.2m | €6.2m | ▼ 0.2% |
| Equity10/15 | €3.2m | €3.6m | €2.8m | €3.0m | €3.5m | €3.7m | €3.5m | €4.0m | ▲ 15.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €3.0m | €3.4m | €2.6m | €2.9m | €3.4m | €3.5m | €3.3m | €3.8m | ▲ 16.7% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €2.8m | €3.3m | €3.4m | €3.2m | €3.7m | ▲ 17.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0 | ▼ 100% |
| Amounts payable17/49 | €1.2m | €1.5m | €0.6m | €2.4m | €1.2m | €2.7m | €2.6m | €2.2m | ▼ 14.7% |
| Amounts payable after more than one year17 | €0.09m | €0.04m | - | - | - | €0.06m | €0.05m | €0.03m | ▼ 36.1% |
| Financial debts170/4 | - | - | - | - | - | €0.06m | €0.05m | €0.03m | ▼ 36.1% |
| Amounts payable within one year42/48 | €1.0m | €1.4m | €0.6m | €2.4m | €1.2m | €2.6m | €2.5m | €2.1m | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | ▲ 4.6% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.6m | €0.2m | €0.7m | ▲ 215% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.6m | €0.2m | €0.7m | ▲ 215% |
| Advances received on contracts in progress46 | - | - | - | €1.8m | €0.6m | €1.5m | €1.6m | €0.7m | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 10.1% |
| Taxes450/3 | - | - | - | €0.1m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 0.6% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 15.9% |
| Other amounts payable47/48 | - | - | - | - | - | €0.05m | €0.2m | €0.2m | ▲ 52.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.04m | €0.03m | €0.04m | €0.04m | ▼ 17.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.6m | €0.5m | €0.3m | €2.5m | €0.2m | €0.8m | €0.8m | ▲ 3.0% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 23.3% |
| Operating cash flow (approximation) | €0.8m | €0.8m | €0.7m | €0.4m | €2.6m | €0.3m | €0.9m | €1.0m | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.05m | -€0.05m | €0.4m | -€0.3m | -€0.2m | -€0.2m | ▼ 26.3% |
| Change in cash | - | €0.2m | -€0.09m | -€0.1m | €0.4m | -€0.008m | -€0.3m | €0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00290885 |
| 31-12-2024 | full format | 29-09-2025 | 2025-00511786 |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00263814 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00193093 |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00163977 |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20126290 |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-35300489 |
| 31-12-2019 | abbreviated format | 07-07-2020 | 2020-27100308 |
| 31-12-2018 | abbreviated format | 05-07-2019 | 2019-29900467 |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-25400230 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €13,368 awarded · €13,368 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,986 | €1,986 |
| 2024 | 2 | €2,583 | €2,583 |
| 2023 | 1 | €1,080 | €1,080 |
| 2022 | 2 | €7,719 | €7,719 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| VYCOM |
|
| Moore Audit |
|
| STICOMAX |
|
| Cervantes Construct BV |
|
Owners and capital
Owners
1 ownerChain of control
- Sticomax BV
- INTOCON
Highest known parent: Sticomax BV. The sources do not say who stands above it.
Owners 1
- Sticomax BVconsolidating 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.
Capital and shareholders
- 12-12-2024 Capital stated in the deed · €186,000
Group and network
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
16-09
Gazette deed
Appointments: VYCOM (director) and Moore Audit BV (statutory auditor)Permanent representative: Lode De Boe · Resignation: STICOMAX (director)6 facts ▸
- General meeting, 10-08-2026
- Director appointment, VYCOM (director)
- Permanent representative, Lode De Boe (2 times)
- Director resignation, STICOMAX (director)
- Director resignation, STICOMAX (managing director)
- Auditor appointment, Moore Audit BV
10-02
Gazette deed
Resignations: Cervantes Construct BV (director) and Vycom NV (director)Permanent representatives: Carl Commeene and Greet Dendauw · Director discharge9 facts ▸
- General meeting, 05-02-2025
- Board meeting, 05-02-2025
- Director resignation, Cervantes Construct BV (director)
- Director resignation, Vycom NV (director)
- Director discharge, Cervantes Construct BV
- Director discharge, Vycom NV
- Permanent representative, Carl Commeene
- Permanent representative, Greet Dendauw
- Director resignation, Cervantes Construct BV (managing director)
12-12
Gazette deed
Algemene VergaderingKind of shares · Capital · Purpose change9 facts ▸
- General meeting
- Other provision, “verslag bestuursorgaan”, 7:155 (deed in Dutch)
- Other provision, “geen financiële en boekhoudkundige gegevens ten grondslag liggen van voorstel tot afschaffen soorten aandelen” (deed in Dutch)
- Kind of shares, “afschaffen, zelfde soort” (deed in Dutch)
- Capital, €186,000
- Other provision, “wijziging voorwerp verslag”, 7:153 (deed in Dutch)
- Purpose change
- Amendment of the articles
- Power of attorney
Show earlier events
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 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
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33305B0987/00H000 | Flanders | 9,749 m² | 1 · 5,493 m² | 8.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INTOCON
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “6, minimum aantal leden dat door wet is voorgeschreven” (deed in Dutch)“Houdt onmiddellijk op na algemene vergadering die heeft beraadslaagd over herverkiezing indien niet herbenoemd, te allen tijde en zonder…” (deed in Dutch)“Plaats openvalt vóór einde mandaat, redelijke termijn” (deed in Dutch)“Raad kan ondervoorzitter benoemen, raad kiest voorzitter uit midden” (deed in Dutch)“Telkens belang vennootschap vereist, twee bestuurders” (deed in Dutch)“Rechtspleging of anderszins, besluiten weergegeven in notulen” (deed in Dutch)“Bevoegd alle handelingen nodig of dienstig voor voorwerp, behoudens wet of statuten alleen algemene vergadering bevoegd, oefent geheel…” (deed in Dutch)“Bestuursorgaan voor dagelijks bestuur en bijzondere gevolmachtigden, vaste of variabele vergoeding, of en in welke mate” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 16:00