Losses
-€77,611 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
INCISIVE
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €97,346 (2022)
€87,036▲ 21.9%
lowest -€89,679 (2006)
-€21,968▼ €1,453
peak €712,363 (2022)
€634,752▼ 3.3%
€336,959▼ 14.1%
Board5 names since 2016
2 directors and 1 other
Documentsfilings and deeds
03-08-20263 days late
2025micro format
Gross margin from €71,386 to €87,036Loss of €21,968
Key points
from the 2025 annual accountsFilings
30 annual accounts since 1996
Eight of the last ten came late. The 2016 accounts came latest: 106 days after the end of the period.
Position in the sector
-€21,968
Lower net result than 83% of companies in real estate. Sector median €5,854 · 19,790 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,609 companies had the same profile as INCISIVE has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 8,609 companies, not a prediction for INCISIVE. 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.
Credit verdict
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Signals
Board and ownership
Manager
Director
- 375 sharesdeed of 16-01-2023
- 375 sharesdeed of 16-01-2023
- 750 sharesdeed of 16-01-2023
Recent changes
Merger: INCISIVE takes over INCISIVE Bis
Issue of 186 shares · Reappointments: (director) and (director) · Resignation: INCISIVE Bis (manager) · General meeting of 26-12-2022 · Gazette deed
Merger proposal: INCISIVE takes over INCISIVE BIS
Permanent representative: · Gazette deed
Appointment: (manager)
General meeting of 26-12-2016 · Gazette deed
2 managers appointed, 1 reappointment
Appointments: Incisive Bis (manager) and (manager) · Permanent representative: · Reappointment: (manager) · General meeting of 29-07-2016 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as INCISIVE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €871,000 and €1.1m, founded between 1993 and 1998.
Official details
Source: KBO- Status
- Active since 18-10-1995Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on INCISIVE
INCISIVE files the micro format. That format states no turnover. The gross margin rose from -€6,725 in 2006 to €87,036 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INCISIVE
- What is the company number of INCISIVE?
- The company number of INCISIVE is 0456.202.381. The VAT number is the same number with BE in front: BE 0456.202.381.
- Where is INCISIVE based?
- The registered office is at Avenue Reine Astrid 46, 5000 Namur.Company details
- What does INCISIVE do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of INCISIVE?
- INCISIVE is a private limited company (pre-2019) (BVBA).
- When was INCISIVE founded?
- INCISIVE was founded on 18-10-1995.
- Is INCISIVE still active?
- Yes, INCISIVE is an active enterprise in the KBO register.
- What is the turnover of INCISIVE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €87,036 and 45 comparable companies (NACE 682). It probably lies between €97,000 and €140,000.Financials
- Is INCISIVE profitable?
- In financial year 2025, INCISIVE made a loss of €21,968.
- Where can I find the annual accounts of INCISIVE?
- INCISIVE filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INCISIVE due?
- INCISIVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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