INCLUSIEF
ActiveSummary
INCLUSIEF has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.79M and a net result of €38k. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69=
Solvency100=
Growth82=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.38 in 2023; short-term debt: 2.8% and cash: 6.5% of total assets), and 23.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.3%
Return on assets
0.8%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
40 d early
2022
38 d early
2021
37 d early
2020
46 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€181k▲ 17.4%
2018 · €154k
2018: €154k
2018 → 2019
EBIT margin
16.8%▼ 5.1pp
2018 · 21.9%
2018: 21.9%
2018 → 2019
Net result
€38k▲ 37.2%
2023 · €28k
2018: €22k
2019: €8k
2020: €835
2021: €34k
2022: €30k
2023: €28k
2018 → 2024
Working capital
€187k▼ 8.2%
2023 · €204k
2018: €537k
2019: €208k
2020: €-38k
2021: €-11k
2022: €102k
2023: €204k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.66M-€3.70M▲ 0.9%€3.73M▲ 0.8%€3.75M▲ 0.7%€3.79M▲ 1.0%
Operating result€22k-€65k▲ 197%€59k▼ 8.5%€56k▼ 5.9%€88k▲ 57.6%
Net result€835-€34k▲ 4,013%€30k▼ 12.9%€28k▼ 6.9%€38k▲ 37.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 58% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.97M
Fixed assets
€4.64M ▲ 0.5%
Current assets
€329k ▼ 6.4%
Equity and liabilities €4.97M
Equity
€3.79M ▲ 1.0%
Debt
€1.18M ▼ 3.1%
Debt's share of the balance-sheet total falls from 24.5% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€225k▲
2023 · €192k
Cash flow
€176k▲
2023 · €164k
Current ratio
2.33▼
2023 · 2.38
Debt to equity
0.31▼
2023 · 0.32
ROE
1.0%▲
2023 · 0.7%
ROA
0.8%▲
2023 · 0.6%
Interest coverage
5.91▼
2023 · 10.90
Debt ≤ 1 year
€141k▼
2023 · €147k
Debt > 1 year
€1.02M▼
2023 · €1.07M
Income taxes
€13k▲
2023 · €10k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.97M€4.97M=
Fixed assets21/28€4.62M€4.64M▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€4.62M€4.64M▲
Land and buildings22€4.60M€4.55M▼
Plant, machinery and equipment23€22k€22k▼
Furniture and vehicles24-€0
Assets under construction and advance payments27-€70k
Current assets29/58€351k€329k▼
Amounts receivable within one year40/41€14k€3k▼
Trade receivables40€12k-
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€337k€322k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€4.97M€4.97M=
Equity10/15€3.75M€3.79M▲
Contributions10/11€3.58M€3.58M=
Reserves13€77k€90k▲
Non-distributable reserves130/1€5k€7k▲
Reserves not available under the articles1311€5k€7k▲
Distributable reserves133€72k€83k▲
Profit (loss) carried forward14€99k€124k▲
Amounts payable17/49€1.22M€1.18M▼
Amounts payable after more than one year17€1.07M€1.02M▼
Financial debts170/4€1.06M€1.01M▼
Other amounts payable178/9€8k€8k=
Amounts payable within one year42/48€147k€141k▼
Current portion of amounts payable after more than one year42€53k€53k▲
Trade debts44€83k€74k▼
Suppliers440/4€83k€74k▼
Taxes, remuneration and social security45€11k-
Taxes450/3€11k-
Other amounts payable47/48€580€14k▲
Accrued charges and deferred income492/3-€21k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€138k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€31
Gross operating margin9900€193k€226k▲
Operating profit (loss)9901€56k€88k▲
Financial income75/76B€99€1k▲
Recurring financial income75€99€1k▲
Financial charges65/66B€18k€38k▲
Recurring financial charges65€18k€38k▲
Profit (loss) for the period before taxes9903€38k€51k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€28k€38k▲
Profit (loss) for the period to be appropriated9905€28k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€109k€138k▲
Profit (loss) brought forward from the previous period14P€81k€99k▲
Transfer to equity691/2€10k€13k▲
To the legal reserve6920€1k€2k▲
To other reserves6921€8k€11k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
Reappointments: VERSCHUEREN Leon, C. J., LIEVEYNS Saskia and 4 othersResignations: VAN DER LINDEN Benny, F.I., LAFORCE René, V.G. and DE KORT Dirk20 facts ▸
State Gazette act
Reappointments: VERSCHUEREN Leon, C. J., LIEVEYNS Saskia and 4 others
Resignations: VAN DER LINDEN Benny, F.I., LAFORCE René, V.G. and DE KORT Dirk20 facts ▸
- General meeting, 11-06-2026
- Director reappointment, VERSCHUEREN Leon, C. J. (chair)
- Director reappointment, LIEVEYNS Saskia (director)
- Director reappointment, VAN BAELEN Jean-Pierre (managing director)
- Director reappointment, VERELST Marc (treasurer)
- Director reappointment, VAN MOER Jan, G. (vice-chair)
- Director reappointment, FAVYTS Fanny, M.C. (vice-chair)
- Director resignation, VAN DER LINDEN Benny, F.I. (director)
- Director resignation, LAFORCE René, V.G. (director)
- Board meeting, 27-08-2026
- Director resignation, DE KORT Dirk (director)
- Board composition, VERSCHUEREN Leon, C. J. (chair)
- +8 further facts in this act
12-08
State Gazette act
Reappointments: VERSCHUEREN Leon, C. J., LIEVEYNS Saskia and 4 othersResignations: VAN DER LINDEN Benny, F.I. (director) and LAFORCE René, V.G. (director)9 facts ▸
State Gazette act
Reappointments: VERSCHUEREN Leon, C. J., LIEVEYNS Saskia and 4 others
Resignations: VAN DER LINDEN Benny, F.I. (director) and LAFORCE René, V.G. (director)9 facts ▸
- General meeting, 11/06/2026
- Director reappointment, VERSCHUEREN Leon, C. J. (chair)
- Director reappointment, LIEVEYNS Saskia (director)
- Director reappointment, VAN BAELEN Jean-Pierre (managing director)
- Director reappointment, VERELST Marc (director)
- Director reappointment, VAN MOER Jan, G. (director)
- Director reappointment, FAVYTS Fanny, M.C. (director)
- Director resignation, VAN DER LINDEN Benny, F.I. (director)
- Director resignation, LAFORCE René, V.G. (director)
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €38k ▲37.2%
Operating result €88k, net result €38k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.85
Current ratio from 0.91 to 1.85; short-term debt falls from €126k to €121k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €835 ▼89.3%
Net result drops to €835, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 directors, no change since 2026
Fanny Favyts
CurrentDirector
Jan Van Moer
CurrentVice-chair
LIEVEYNS Saskia
CurrentDirector
VAN BAELEN, Jean-Pierre
CurrentManaging director
VERELST Marc
CurrentDirector
Current
17-09-2026
DE KORT Dirk: Resigned as Director
17-09-2026
René Laforce: Resigned as Director
17-09-2026
VAN DER LINDEN, Benny: Resigned as Director
12-08-2026
René Laforce: Resigned as Director
12-08-2026
VAN DER LINDEN, Benny: Resigned as Director
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 2015
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.
Miksebaan 2642930 BrasschaatGround area
1,002 m²
Building footprint
382 m²
Parcel 11324D0306/00M005, Flanders. Linked by address, not a title deed.
1 establishment unit
Miksebaan 264, 2930 Brasschaat
since 20152.235.688.266
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0306/00M005indicative | Flanders | 1,002 m² | 1 · 382 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
via VAN BAELEN, Jean-Pierre · Director
→
via VAN BAELEN, Jean-Pierre · Director
→
via VAN BAELEN, Jean-Pierre, Fanny Favyts and 3 others
→
via VAN BAELEN, Jean-Pierre · Lid van de raad van bestuur en algemene vergadering
→
Show 3 more companies with a shared director
via VAN BAELEN, Jean-Pierre, Fanny Favyts and 3 others
→
via VAN BAELEN, Jean-Pierre, Fanny Favyts and 4 others
→
via VAN BAELEN, Jean-Pierre · Director
former→
Recognitions · licences · registrations
Care and welfare
1 serviceInclusief
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded30-07-2014
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.