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Inetum Belgium

Active
Public limited companyfounded 1986active for 40 yearsAntwerpsesteenweg 261, 2800 Mechelen, BelgiumKBO/BCE: BE 0429.037.235
Summary

Inetum Belgium has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58.9m and a net result of €6.7m. Equity has been shrinking by about 3.2% per year since 2018. Its solvency ranks better than 55% of 1,683 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 06-06-1986 Normal situation
Registered office
34 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Computer programming NACE 62100
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.142.894.801 9050 Gent, since 12-08-1985
2.036.791.647 1420 Braine-l'Alleud, since 25-06-1986and 1 other
Financial year end
31 December
Peppol
Reachable since 29-12-2025

Board and ownership

Board
and 1 other
Auditor
Ernst & Young Bedrijfsrevisoren BV
Holdings
Shares in 2 companies Do It Wise Bulgarije and Real Software Nederland BV

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Turnover
€239.7m
▼ 12.9%
Profit
€6.7m
▼ 19.4%
Equity
€58.9m
▼ 2.7%
Total assets
€133.0m
▼ 9.0%
Employees on 31-12-2025
1,036
▼ 14.5%
  • 2025 accounts filed 20 days after the deadline
Score breakdownraises risk3 changes of registered office in 24 monthsLiquidity: current ratio 1.21, cash €7.2mlowers riskSize: turnover €239.7m, 1,074.5 FTE, total assets €133.0mSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 38% of large companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Weak
Solvency 69+3
equity 44.3% of total assets
Liquidity 30+3
short-term debt 53.5% · cash 5.4%
Profitability 28-28
return on assets 5.1%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (39 companies, NACE 62, large)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.3%▲ +0.2 percentage points vs 12-2024 02-2025: 0.2%▼ -0.1 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.5 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.9%▲ +0.1 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.8%▼ -0.1 percentage points vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%▼ -0.1 percentage points vs 03-2026 05-2026: 0.9%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 0.7%▼ -0.8 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €4,000,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.26 in 2024), below the usual 1.5. Short-term debt is 53.5% and cash 5.4% of total assets. 55.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 62, large). It does better than 59% of them on solvency, 46% on liquidity, 24% on profitability and 23% on growth.

The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · 3 changes of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: turnover €239.7m, 1,074.5 FTE, total assets €133.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.21, cash €7.2m
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
20 days late
2024
on the day
2023
16 days early
2022
8 days late
2021
5 days late
2020
25 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest employer in the province of Antwerp, Computer programming and consultancy sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €6.7m 8 years View
  • New directorlatest change 17-08-2026 · 4 in office 1 joined View
  • EU research moneyEU contribution €1.8m View

Recent changes

  1. · Gazette deed 2 directors appointed, 4 reappointedReappointments: Thomas Breuer, Inetum SAS and 2 others · Permanent representative: François Fleutiaux · Appointments: Inetum SAS (chair of the board) and Thomas Breuer (managing director)
  2. · Gazette deed Reappointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Filip Simpelaere and Eef Naessens
  3. · Gazette deed Registered office moved within MechelenNew seat: Antwerpsesteenweg 261/bus 2, 2800 Mechelen · Previous seat: Bedrijvenlaan 4, bus 2, 2800 Mechelen
All 82 events

Comparable companies

These companies have the same main activity as Inetum Belgium: computer programming (NACE 62100). They are comparable in size and age: total assets between €87m and €308m, founded between 1970 and 2003.

CompanyTotal assetsTurnover
Inetum Belgium Mechelen€133.0m€239.7m
NSI IT Software & Services Awans€122.3m€153.9m
CAPGEMINI BELGIUM Machelen (Brab.)€170.9m€346.7m
OM PARTNERS Wommelgem€253.5m€219.2m
iO Belgium Herentals€109.2m€78.9m
EASI Nivelles€86.6m€123.4m
CEGEKA GROEP Hasselt€307.7m€117.6m
Full comparison

Key facts about Inetum Belgium

What is the company number of Inetum Belgium?
The company number of Inetum Belgium is 0429.037.235. The VAT number is the same number with BE in front: BE 0429.037.235.
Where is Inetum Belgium based?
The registered office is at Antwerpsesteenweg 261, 2800 Mechelen.Company details
What does Inetum Belgium do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of Inetum Belgium?
The legal form of Inetum Belgium is Public limited company (NV).
When was Inetum Belgium founded?
Inetum Belgium was founded on 06-06-1986.
Is Inetum Belgium still active?
Yes, Inetum Belgium is an active enterprise in the KBO register.
How many employees does Inetum Belgium have?
Inetum Belgium had an average of 1,074.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Inetum Belgium fall under?
In its 2025 annual accounts, Inetum Belgium states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Inetum Belgium?
The turnover of Inetum Belgium was €239.7m in financial year 2025, according to the filed annual accounts.
Is Inetum Belgium profitable?
In financial year 2025, Inetum Belgium made a profit of €6.7m.
Where can I find the annual accounts of Inetum Belgium?
Inetum Belgium filed 56 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Inetum Belgium due?
Inetum Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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