INTREL
ActiveSummary
INTREL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €14k. Equity is growing by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-7
Solvency43▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.06 in 2024; short-term debt: 81.9% and cash: 15.1% of total assets), and 81.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
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
18.1%
Return on assets
6.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
8 d late
2023
30 d late
2022
17 d late
2021
25 d late
2020
18 d late
2019
102 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 51.9%
2024 · €26k
2018: €-13k
2019: €-55k▼ -308% vs 2018lowest in 8 years
2020: €-50k▲ +8.8% vs 2019
2021: €-35k▲ +29.1% vs 2020
2022: €-10k▲ +72.7% vs 2021
2023: €10k▲ +200% vs 2022
2024: €26k▲ +172% vs 2023
2025: €40k▲ +51.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€220k▼ 10.4%
2024 · €246k
2018: €271khighest in 8 years
2019: €240k▼ -11.2% vs 2018
2020: €221k▼ -8.2% vs 2019
2021: €219k▼ -0.6% vs 2020
2022: €197k▼ -10.2% vs 2021lowest in 8 years
2023: €262k▲ +33.0% vs 2022
2024: €246k▼ -6.1% vs 2023
2025: €220k▼ -10.4% vs 2024
2018 → 2025
Net result
€14k▼ 18.1%
2024 · €17k
2018: €-50klowest in 8 years
2019: €-41k▲ +17.3% vs 2018
2020: €5k▲ +112% vs 2019
2021: €15k▲ +202% vs 2020
2022: €26k▲ +76.8% vs 2021highest in 8 years
2023: €19k▼ -25.1% vs 2022
2024: €17k▼ -13.9% vs 2023
2025: €14k▼ -18.1% vs 2024
2018 → 2025
Working capital
€29k▲ 114%
2024 · €13k
2018: €-32k
2019: €-75k▼ -133% vs 2018lowest in 8 years
2020: €-67k▲ +10.5% vs 2019
2021: €-54k▲ +18.8% vs 2020
2022: €-33k▲ +40.1% vs 2021
2023: €-4k▲ +88.7% vs 2022
2024: €13k▲ +463% vs 2023
2025: €29k▲ +114% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-35k-€-10k▲ 72.7%€10k€26k▲ 172%€40k▲ 51.9%
2021: €-35klowest in 5 years
2022: €-10k▲ +72.7% vs 2021
2023: €10k▲ +200% vs 2022
2024: €26k▲ +172% vs 2023
2025: €40k▲ +51.9% vs 2024highest in 5 years
Operating result€18k-€33k▲ 81.4%€34k▲ 2.8%€26k▼ 23.4%€29k▲ 11.1%
2021: €18klowest in 5 years
2022: €33k▲ +81.4% vs 2021
2023: €34k▲ +2.8% vs 2022highest in 5 years
2024: €26k▼ -23.4% vs 2023
2025: €29k▲ +11.1% vs 2024
Net result€15k-€26k▲ 76.8%€19k▼ 25.1%€17k▼ 13.9%€14k▼ 18.1%
2021: €15k
2022: €26k▲ +76.8% vs 2021highest in 5 years
2023: €19k▼ -25.1% vs 2022
2024: €17k▼ -13.9% vs 2023
2025: €14k▼ -18.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€11k ▼ 12.1%
Current assets
€209k ▼ 10.3%
Equity and liabilities €220k
Equity
€40k ▲ 51.9%
Debt
€181k ▼ 17.9%
Debt's share of the balance-sheet total falls from 89.3% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €30k
Cash flow
€15k▼
2024 · €21k
Current ratio
1.16▲
2024 · 1.06
Quick ratio
0.95▲
2024 · 0.86
Debt to equity
4.54▼
2024 · 8.39
ROE
34.2%▼
2024 · 63.3%
ROA
6.2%▼
2024 · 6.7%
Interest coverage
3.50▼
2024 · 4.27
Debt ≤ 1 year
€181k▼
2024 · €220k
Income taxes
€7k▲
2024 · €2k
Staff costs
€416k▲
2024 · €393k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€246k€220k▼
Fixed assets21/28€13k€11k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€9k€9k=
Current assets29/58€233k€209k▼
Stocks and contracts in progress3€44k€37k▼
Stocks30/36€44k€37k▼
Amounts receivable within one year40/41€170k€129k▼
Trade receivables40€168k€119k▼
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€19k€33k▲
Deferred charges and accrued income490/1-€10k
Equity and liabilities
Total equity and liabilities10/49€246k€220k▼
Equity10/15€26k€40k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€6k€19k▲
Amounts payable17/49€220k€181k▼
Amounts payable within one year42/48€220k€181k▼
Financial debts43€36k€31k▼
Credit institutions430/8€36k€31k▼
Trade debts44€80k€63k▼
Suppliers440/4€80k€63k▼
Taxes, remuneration and social security45€97k€79k▼
Taxes450/3€1k-
Remuneration and social security454/9€96k€79k▼
Other amounts payable47/48€6k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€393k€416k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€161€8k▲
Gross operating margin9900€423k€454k▲
Operating profit (loss)9901€26k€29k▲
Financial income75/76B€174€156▼
Recurring financial income75€174€156▼
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€19k€20k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€19k▲
Profit (loss) brought forward from the previous period14P€-11k€6k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7k | - | - |
| Remuneration, social security and pensions62 | €263k | €239k | €328k | €393k | €416k | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €4k | €4k | €2k | ▼ 60.4% |
| Other operating charges640/8 | - | €148 | €0 | €161 | €8k | ▲ 4,712% |
| Gross operating margin9900 | €283k | €274k | €365k | €423k | €454k | ▲ 7.4% |
| Operating profit (loss)9901 | €18k | €33k | €34k | €26k | €29k | ▲ 11.1% |
| Financial income75/76B | €41 | €996 | €2k | €174 | €156 | ▼ 10.5% |
| Recurring financial income75 | €41 | €996 | €2k | €174 | €156 | ▼ 10.5% |
| Financial charges65/66B | €3k | €7k | €16k | €7k | €9k | ▲ 23.9% |
| Recurring financial charges65 | €3k | €7k | €16k | €7k | €9k | ▲ 23.9% |
| Profit (loss) for the period before taxes9903 | €15k | €27k | €19k | €19k | €20k | ▲ 6.2% |
| Income taxes67/77 | €627 | €757 | €8 | €2k | €7k | ▲ 177% |
| Profit (loss) for the period9904 | €15k | €26k | €19k | €17k | €14k | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €15k | €26k | €19k | €17k | €14k | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219k | €197k | €262k | €246k | €220k | ▼ 10.4% |
| Fixed assets21/28 | €19k | €23k | €13k | €13k | €11k | ▼ 12.1% |
| Tangible fixed assets22/27 | €3k | €7k | €5k | €4k | €3k | ▼ 37.1% |
| Furniture and vehicles24 | €3k | €7k | €5k | €4k | €3k | ▼ 37.1% |
| Financial fixed assets28 | €16k | €16k | €9k | €9k | €9k | = |
| Current assets29/58 | €200k | €174k | €249k | €233k | €209k | ▼ 10.3% |
| Stocks and contracts in progress3 | €50k | €50k | €51k | €44k | €37k | ▼ 15.4% |
| Stocks30/36 | €50k | €50k | €51k | €44k | €37k | ▼ 15.4% |
| Amounts receivable within one year40/41 | €150k | €123k | €197k | €170k | €129k | ▼ 24.5% |
| Trade receivables40 | €145k | €115k | €184k | €168k | €119k | ▼ 29.1% |
| Other amounts receivable41 | €5k | €7k | €14k | €2k | €9k | ▲ 319% |
| Cash at bank and in hand54/58 | - | - | - | €19k | €33k | ▲ 75.7% |
| Deferred charges and accrued income490/1 | €363 | €1k | €254 | - | €10k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219k | €197k | €262k | €246k | €220k | ▼ 10.4% |
| Equity10/15 | €-35k | €-10k | €10k | €26k | €40k | ▲ 51.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-56k | €-30k | €-11k | €6k | €19k | ▲ 236% |
| Amounts payable17/49 | €255k | €207k | €252k | €220k | €181k | ▼ 17.9% |
| Amounts payable within one year42/48 | €255k | €207k | €252k | €220k | €181k | ▼ 17.9% |
| Financial debts43 | €70k | €81k | €41k | €36k | €31k | ▼ 13.7% |
| Credit institutions430/8 | €53k | €51k | €41k | €36k | €31k | ▼ 13.7% |
| Other loans439 | €17k | €30k | - | - | - | - |
| Trade debts44 | €92k | €36k | €105k | €80k | €63k | ▼ 21.8% |
| Suppliers440/4 | €92k | €36k | €100k | €80k | €63k | ▼ 21.8% |
| Bills of exchange payable441 | - | - | €5k | - | - | - |
| Taxes, remuneration and social security45 | €84k | €82k | €99k | €97k | €79k | ▼ 18.3% |
| Taxes450/3 | - | €368 | - | €1k | - | - |
| Remuneration and social security454/9 | €84k | €82k | €99k | €96k | €79k | ▼ 17.3% |
| Other amounts payable47/48 | €9k | €7k | €6k | €6k | €7k | ▲ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €26k | €19k | €17k | €14k | ▼ 18.1% |
| + Depreciation and write-downs630 | €2k | €2k | €4k | €4k | €2k | ▼ 60.4% |
| Operating cash flow (approximation) | €16k | €28k | €23k | €21k | €15k | ▼ 26.2% |
| Investment in fixed assets (approximation) | - | €-6k | €6k | €-4k | €0 | ▲ 100% |
| Change in cash | - | - | - | - | €14k | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Highest result since 2018net €26k ▲76.8%
Net result €26k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Braine-l'Alleud · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Champs du Bois 361421 Braine-l'Alleud1 establishment unit
Rue Champs du Bois 36, 1421 Braine-l'Alleud
since 20102.193.815.445
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,335 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
Founded02-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
info@intrel.be
Phone
02/351.00.44
Fax
02/351.17.10
Scores and ratios are computed by Checked and are not a credit decision.