Incofin Foundation · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Incofin Foundation is 0.2% (very low). The 2024 annual accounts show equity of €1.31M and a net result of €-4k. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 18 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	16-07-2025	15 d early	2025-00288109
31-12-2023	31-07-2024	27-06-2024	34 d early	2024-00214855

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Young company +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-4k-450.2%

Working capital€649k+8.1%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

EBITDA

€-58k

- 23-24

Net profit

€-4k

-450.2% 23-24

Cash flow

€15k

- 23-24

Total assets

€1.32M

+7.0% 23-24

Equity

€1.31M

+6.9% 23-24

Working capital

€649k

+8.1% 23-24

Income taxes

€2k

+136.3% 23-24

Debt

€8k

+32.9% 23-24

Show 8 other metrics

Debt ≤ 1y

€8k

+32.9% 23-24

Current ratio

80.50

-18.5% 23-24

Quick ratio

80.50

-18.5% 23-24

Solvency

99.4%

-0.1% 23-24

Debt / equity

0.01

+24.4% 23-24

ROE

-0.3%

-414.9% 23-24

ROA

-0.3%

-414.3% 23-24

Interest coverage

-12.37

- 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-4k
Cash flow	-
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€1.32M
Equity	€1.31M
Debt	€8k
of which ≤ 1y	€8k
of which > 1y	-
Working capital	€649k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	80.50
Quick ratio	80.50
Working capital ratio	49.1%
Solvency	99.4%
Debt / equity	0.01
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-0.3%
ROE	-0.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	10d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €664k · 50.3% Current assets €657k · 49.7%

Equity & liabilities

Equity €1.31M · 99.4% Debt €8k · 0.6%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.32M
Fixed assets	21/28	€664k
Financial fixed assets	28	€664k
Current assets	29/58	€657k
Amounts receivable within one year	40/41	€62
Cash & bank	54/58	€657k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.32M
Equity	10/15	€1.31M
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€-5k
Amounts payable	17/49	€8k
Amounts payable within one year	42/48	€8k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€-176k
Operating result	9901	€-176k
Financial income	75	€177k
Financial charges	65	€2k
Result before taxes	9903	€-1k
Income taxes	67/77	€2k
Net result for the period	9904	€-4k
Result to be appropriated	9905	€-4k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

65 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Incofin Investment Management NVLegal entity
Director· perm. rep.: Dina Pons
State Gazette act 25118450 (18-09-2025)

Current
18-09-2025 → present
2 events
- 18-09-2025 Resigned· Director
- 18-09-2025 Appointed· Director
ALHAN Serkan
Director
State Gazette act 24169710 (02-12-2024)

Current
05-02-2024 → present
PONS Blandine Claudia Marie
Director
State Gazette act 24169710 (02-12-2024)

Current
05-02-2024 → present

Former directors (1)

DEWEZ David
Director
State Gazette act 24169710 (02-12-2024)

Former
- → 02-12-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private foundation(026)
Incorporation	27-10-2021
Status	Active
Postal code	2610

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

48 companies at this address See who is registered here

Establishment units

1 location

Incofin Foundation

Sneeuwbeslaan 20, 2610 AntwerpenBeleggingstrusts en -fondsen en vergelijkbare financiële instellingen

since 20212.325.125.434

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.5 ha

Buildings1

Building footprint3,529 m²

Volume (LiDAR)41,768 m³

Tallest building16.4 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11051B0041/00W000	Flanders	1.5 ha	1 · 3,529 m²	16.4 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

All acts · 2 updated 11 months ago

2025

18-09-2025 1 director appointed, 1 resigning, 1 reappointed Director changes

PEETERMANS GEERT, Bestuurder
Dina Pons, Bestuurder
ALHAN Serkan, Bestuurder

Original publication ↗

2024

02-12-2024 5 directors appointed, 1 resigning Director changes

ALHAN Serkan, Bestuurder
PONS Blandine Claudia Marie, Bestuurder
Serkan Alhan, Dagelijks bestuur
Mathias Isenborghs, Dagelijks bestuur
Matthias Van den Keybus, Dagelijks bestuur
DEWEZ David, Bestuurder

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

62 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 65

Profitability 0

Solvency 100

Growth 52

Stability 94

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

Incofin Foundation

Registered office

Sneeuwbeslaan 20

2610 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.