INCOTECH
ActiveINCOTECH has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €571k and a net result of €83k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 514 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 10.8 against 8.68 in 2023; short-term debt: 8.9% and cash: 8% of total assets), and 15.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2024Solvency, return and age of the figures
Solvency
84.8%
Return on assets
12.3%
Age of the figures
21 mo
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 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
43 d early
2022
52 d early
2021
53 d early
2020
50 d early
2019
52 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€571k▲ 4.0%
2023 · €549k
2018: €201k
2019: €260k
2020: €309k
2021: €340k
2022: €440k
2023: €549k
2018 → 2024
Total assets
€673k▼ 0.3%
2023 · €675k
2018: €335k
2019: €459k
2020: €395k
2021: €450k
2022: €646k
2023: €675k
2018 → 2024
Net result
€83k▼ 31.9%
2023 · €122k
2018: €61k
2019: €58k
2020: €49k
2021: €75k
2022: €110k
2023: €122k
2018 → 2024
Working capital
€585k▲ 3.5%
2023 · €565k
2018: €213k
2019: €261k
2020: €325k
2021: €360k
2022: €461k
2023: €565k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€309k-€340k▲ 10.2%€440k▲ 29.4%€549k▲ 24.6%€571k▲ 4.0%
Operating result€64k-€86k▲ 34.6%€136k▲ 57.9%€170k▲ 24.9%€106k▼ 38.0%
Net result€49k-€75k▲ 52.8%€110k▲ 46.0%€122k▲ 11.2%€83k▼ 31.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €673k
Fixed assets
€29k▼ 20.8%
Current assets
€644k▲ 0.9%
Equity and liabilities €673k
Equity
€571k▲ 4.0%
Debt
€102k▼ 19.1%
The debt ratio falls from 18.7% to 15.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▼
2023 · €180k
Cash flow
€91k▼
2023 · €131k
Solvency
84.8%▲
2023 · 81.3%
Current ratio
10.80▲
2023 · 8.68
Quick ratio
10.38▲
2023 · 8.23
Debt / equity
0.18▼
2023 · 0.23
ROE
14.6%▼
2023 · 22.2%
ROA
12.3%▼
2023 · 18.1%
Interest coverage
33.82▼
2023 · 69.53
Debt
€102k▼
2023 · €126k
Debt ≤ 1 year
€60k▼
2023 · €74k
Debt > 1 year
€40k▼
2023 · €42k
Income taxes
€33k▼
2023 · €52k
Staff costs
€50k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€675k€673k▼
Fixed assets21/28€36k€29k▼
Intangible fixed assets21€623-
Tangible fixed assets22/27€36k€29k▼
Land and buildings22€35k€28k▼
Plant, machinery and equipment23€487€174▼
Furniture and vehicles24€487€220▼
Financial fixed assets28€155€155=
Current assets29/58€639k€644k▲
Stocks and contracts in progress3€33k€25k▼
Stocks30/36€33k€25k▼
Amounts receivable within one year40/41€23k€27k▲
Trade receivables40€23k€27k▲
Other amounts receivable41-€175
Current investments50/53€534k€534k=
Cash at bank and in hand54/58€48k€54k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€675k€673k▼
Equity10/15€549k€571k▲
Contributions10/11€19k€19k=
Reserves13€530k€552k▲
Distributable reserves133€530k€552k▲
Amounts payable17/49€126k€102k▼
Amounts payable after more than one year17€42k€40k▼
Other amounts payable178/9€42k€40k▼
Amounts payable within one year42/48€74k€60k▼
Trade debts44€45k€40k▼
Suppliers440/4€45k€40k▼
Taxes, remuneration and social security45€29k€19k▼
Taxes450/3€20k€12k▼
Remuneration and social security454/9€9k€7k▼
Accrued charges and deferred income492/3€11k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€49k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€223
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€236k€167k▼
Operating profit (loss)9901€170k€106k▼
Financial income75/76B€6k€14k▲
Recurring financial income75€6k€14k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€174k€116k▼
Income taxes67/77€52k€33k▼
Profit (loss) for the period9904€122k€83k▼
Profit (loss) for the period to be appropriated9905€122k€83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€83k▼
Transfer from equity791/2€13k€61k▲
Transfer to equity691/2€122k€83k▼
To other reserves6921€122k€83k▼
Profit to be distributed694/7€13k€61k▲
Return on contributions (dividend)694€13k€61k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €122k ▲11.2%
Operating result €170k, net result €122k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.68
Current ratio from 3.94 to 8.68; short-term debt falls from €157k to €74k.
31-12
Financial
Equity above €500kEq €549k ▲24.6%
6 profitable years in a row build equity to €549k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €49k ▼15.6%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 10.69
Current ratio from 2.78 to 10.69; short-term debt falls from €147k to €34k.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 1 establishment unit since 1997
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.
Ambachtsweg 329820 Merelbeke-MelleGround area
634 m²
Building footprint
634 m²
Volume, LiDAR
4,146 m³
Parcel 44412C0096/00W000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cool Equipment
since 19972.082.239.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0096/00W000 | Flanders | 634 m² | 1 · 634 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 559 EUR awarded · 559 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 53 EUR | 53 EUR |
| 2023 | 1 | 506 EUR | 506 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600OPUIOGOVGB8R36
Similar companies · same sector, comparable size
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BE 0837.547.983
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Of 462 companies in sector 28250 we hold annual accounts for 285. 221 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-1997
Fiscal year end31-12
Trade name NL
INCOTECH Koeltechniek/COOL EQUIPMENT
Activities, NACEBEL
28250Manufacture of machinery and equipment not elsewhere classified
29230
46647Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
7 entriesWebsite:www.incotech.be
E-mail:info@incotech.be
Phone:092727252
Fax:092727257
Website:www.coolequipment.eu
E-mail:info@coolequipment.eu
Phone:+32 9 272 72 59