INTONACO
ActiveSummary
The computed 12-month bankruptcy probability of INTONACO is 2.7% (moderate). The 2025 annual accounts show equity of €62,244 and a net result of €10,034. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-26
Solvency70▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.86 in 2024; short-term debt: 36.3% and cash: 11.9% of total assets), but 55% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
45%
Return on assets
7.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
30 d late
2022
29 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€62,244▲ 19.2%
2024 · €52,210
Total assets
€138,203▲ 27.5%
2024 · €108,372
Net result
€10,034▼ 37.3%
2024 · €16,012
Working capital
€37,461▲ 0.1%
2024 · €37,406
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,038-€3,360▼ 77.7%€76,660▲ 2,181%€25,356▼ 66.9%€20,233▼ 20.2%
Net result€8,888--€183€55,493€16,012▼ 71.1%€10,034▼ 37.3%
Equity€10,888-€10,705▼ 1.7%€66,198▲ 518%€52,210▼ 21.1%€62,244▲ 19.2%
Total assets€53,370-€40,767▼ 23.6%€139,521▲ 242%€108,372▼ 22.3%€138,203▲ 27.5%
Debt€42,482-€30,062▼ 29.2%€73,324▲ 144%€56,162▼ 23.4%€75,960▲ 35.3%
Working capital€5,072-€11,246▲ 122%€50,055▲ 345%€37,406▼ 25.3%€37,461▲ 0.1%
Staff (FTE)0.50.5=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,203
Fixed assets
€50,594 ▲ 83.4%
Current assets
€87,609 ▲ 8.4%
Equity and liabilities €138,203
Equity
€62,244 ▲ 19.2%
Debt
€75,960 ▲ 35.3%
Debt's share of the balance-sheet total rises from 51.8% to 55.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,161▼
2024 · €33,803
Cash flow
€20,962▼
2024 · €24,459
Current ratio
1.75▼
2024 · 1.86
Debt to equity
1.22▲
2024 · 1.08
ROE
16.1%▼
2024 · 30.7%
ROA
7.3%▼
2024 · 14.8%
Interest coverage
4.04▼
2024 · 7.08
Debt ≤ 1 year
€50,148▲
2024 · €43,386
Debt > 1 year
€25,811▲
2024 · €12,776
Income taxes
€2,481▼
2024 · €4,569
Staff costs
€16,091▲
2024 · €2,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,489 | - |
| Remuneration, social security and pensions62 | €2,291 | €22,908 | €29,954 | €2,879 | €16,091 | ▲ 459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,130 | €2,126 | €2,474 | €8,447 | €10,928 | ▲ 29.4% |
| Other operating charges640/8 | €1,688 | €137 | €2,235 | €1,271 | €1,895 | ▲ 49.1% |
| Gross operating margin9900 | €21,147 | €28,531 | €111,324 | €37,953 | €49,146 | ▲ 29.5% |
| Operating profit (loss)9901 | €15,038 | €3,360 | €76,660 | €25,356 | €20,233 | ▼ 20.2% |
| Financial income75/76B | €1 | €0 | - | €0 | €0 | ▼ 92.3% |
| Recurring financial income75 | €1 | €0 | - | €0 | €0 | ▼ 92.3% |
| Financial charges65/66B | €4,250 | €3,412 | €7,593 | €4,776 | €7,718 | ▲ 61.6% |
| Recurring financial charges65 | €4,250 | €3,412 | €7,593 | €4,776 | €7,718 | ▲ 61.6% |
| Profit (loss) for the period before taxes9903 | €10,789 | -€52 | €69,068 | €20,581 | €12,514 | ▼ 39.2% |
| Income taxes67/77 | €1,901 | €131 | €13,575 | €4,569 | €2,481 | ▼ 45.7% |
| Profit (loss) for the period9904 | €8,888 | -€183 | €55,493 | €16,012 | €10,034 | ▼ 37.3% |
| Profit (loss) for the period to be appropriated9905 | €8,888 | -€183 | €55,493 | €16,012 | €10,034 | ▼ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,370 | €40,767 | €139,521 | €108,372 | €138,203 | ▲ 27.5% |
| Fixed assets21/28 | €7,158 | €5,088 | €36,026 | €27,579 | €50,594 | ▲ 83.4% |
| Tangible fixed assets22/27 | €7,158 | €5,031 | €35,970 | €27,523 | €50,310 | ▲ 82.8% |
| Plant, machinery and equipment23 | €7,158 | €5,031 | €2,905 | €1,140 | €806 | ▼ 29.3% |
| Leasing and similar rights25 | - | - | €33,065 | €26,382 | €49,504 | ▲ 87.6% |
| Financial fixed assets28 | - | €57 | €57 | €57 | €284 | ▲ 399% |
| Current assets29/58 | €46,213 | €35,679 | €103,495 | €80,792 | €87,609 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €43,482 | €28,285 | €88,430 | €63,008 | €71,114 | ▲ 12.9% |
| Trade receivables40 | €38,150 | €24,738 | €26,733 | €34,270 | €56,266 | ▲ 64.2% |
| Other amounts receivable41 | €5,332 | €3,547 | €61,698 | €28,738 | €14,848 | ▼ 48.3% |
| Cash at bank and in hand54/58 | €2,730 | €7,373 | €15,050 | €17,769 | €16,480 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | - | €20 | €14 | €15 | €16 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,370 | €40,767 | €139,521 | €108,372 | €138,203 | ▲ 27.5% |
| Equity10/15 | €10,888 | €10,705 | €66,198 | €52,210 | €62,244 | ▲ 19.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €8,888 | €8,705 | €64,198 | €50,210 | €60,244 | ▲ 20.0% |
| Amounts payable17/49 | €42,482 | €30,062 | €73,324 | €56,162 | €75,960 | ▲ 35.3% |
| Amounts payable after more than one year17 | €1,341 | €5,628 | €19,883 | €12,776 | €25,811 | ▲ 102% |
| Financial debts170/4 | €1,341 | €5,628 | €19,883 | €12,776 | €25,811 | ▲ 102% |
| Amounts payable within one year42/48 | €41,141 | €24,433 | €53,440 | €43,386 | €50,148 | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | €2,643 | €6,322 | €24,352 | €7,663 | €11,575 | ▲ 51.1% |
| Trade debts44 | €33,625 | €9,474 | €15,382 | €13,079 | €31,225 | ▲ 139% |
| Suppliers440/4 | €33,625 | €9,474 | €15,382 | €13,079 | €31,225 | ▲ 139% |
| Taxes, remuneration and social security45 | €1,901 | €3,020 | €13,706 | €22,644 | €7,348 | ▼ 67.5% |
| Taxes450/3 | €1,901 | €2,032 | €13,706 | €22,644 | €7,049 | ▼ 68.9% |
| Remuneration and social security454/9 | - | €988 | - | - | €299 | - |
| Other amounts payable47/48 | €2,973 | €5,618 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,888 | -€183 | €55,493 | €16,012 | €10,034 | ▼ 37.3% |
| + Depreciation and write-downs630 | €2,130 | €2,126 | €2,474 | €8,447 | €10,928 | ▲ 29.4% |
| Operating cash flow (approximation) | €11,018 | €1,944 | €57,967 | €24,459 | €20,962 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€57 | -€33,413 | €0 | -€33,943 | - |
| Change in cash | - | €4,643 | €7,677 | €2,718 | -€1,288 | ▼ 147% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €55,493
Net result €55,493 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€183
Net result drops to -€183, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Geraardsbergen · 2 establishment units since 2020
Ground area
1,335 m²
Building footprint
441 m²
Volume, LiDAR
3,469 m³
2 parcels, Flanders · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
INTONACO
since 20202.305.824.810
Hemelryck
since 20262.392.941.302
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41018B0842/00B000 ProtectedCultural-historical landscape · MonumentMuur van Geraardsbergen en kasseiweg OudebergstraatSource ↗ |
Flanders | 1,287 m² | 1 · 394 m² | 20.0 m · 2 fl. |
| 41018B0740/00L000 | Flanders | 48 m² | 1 · 47 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,308 EUR awarded · 1,307 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 188 EUR | 657 EUR |
| 2023 | 1 | 668 EUR | 198 EUR |
| 2022 | 1 | 452 EUR | 452 EUR |
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,747. 1,528 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
Founded11-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43990Other specialised construction activities
Contact
E-mail
intonaco@outlook.be
Scores and ratios are computed by Checked and are not a credit decision.