INDACO CONSTRUCTIE
ActiveSummary
INDACO CONSTRUCTIE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.50M and a net result of €624k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+2
Solvency89▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €480k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.13 in 2024; short-term debt: 19% and cash: 7.8% of total assets), and 36% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64%
Return on assets
6.1%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.50M▲ 10.6%
2024 · €5.88M
2019: €4.54M
2020: €4.66M
2021: €4.70M
2022: €5.14M
2023: €5.50M
2024: €5.88M
2019 → 2025
Total assets
€10.15M▲ 1.8%
2024 · €9.97M
2019: €8.10M
2020: €9.21M
2021: €8.52M
2022: €9.34M
2023: €9.82M
2024: €9.97M
2019 → 2025
Net result
€624k▲ 64.6%
2024 · €379k
2019: €136k
2020: €121k
2021: €37k
2022: €440k
2023: €356k
2024: €379k
2019 → 2025
Working capital
€3.06M▲ 21.5%
2024 · €2.52M
2019: €2.31M
2020: €847k
2021: €724k
2022: €2.46M
2023: €2.22M
2024: €2.52M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.70M-€5.14M▲ 9.4%€5.50M▲ 6.9%€5.88M▲ 6.9%€6.50M▲ 10.6%
Operating result€99k-€664k▲ 568%€483k▼ 27.3%€567k▲ 17.3%€898k▲ 58.4%
Net result€37k-€440k▲ 1,096%€356k▼ 19.2%€379k▲ 6.6%€624k▲ 64.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.15M
Fixed assets
€5.16M ▼ 1.1%
Current assets
€4.99M ▲ 5.0%
Equity and liabilities €10.15M
Equity
€6.50M ▲ 10.6%
Debt
€3.65M ▼ 10.8%
Debt's share of the balance-sheet total falls from 41.0% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.20M▲
2024 · €838k
Cash flow
€921k▲
2024 · €650k
Current ratio
2.59▲
2024 · 2.13
Quick ratio
2.02▲
2024 · 1.57
Debt to equity
0.56▼
2024 · 0.70
ROE
9.6%▲
2024 · 6.5%
ROA
6.1%▲
2024 · 3.8%
Interest coverage
13.39▲
2024 · 8.19
Debt ≤ 1 year
€1.92M▼
2024 · €2.23M
Debt > 1 year
€1.53M▼
2024 · €1.84M
Income taxes
€242k▲
2024 · €112k
Staff costs
€700k▼
2024 · €780k
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 · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.97M€10.15M▲
Fixed assets21/28€5.22M€5.16M▼
Intangible fixed assets21€33k€26k▼
Tangible fixed assets22/27€5.19M€5.14M▼
Land and buildings22€4.25M€4.23M▼
Plant, machinery and equipment23€341k€491k▲
Furniture and vehicles24€429k€372k▼
Leasing and similar rights25€169k€46k▼
Current assets29/58€4.75M€4.99M▲
Amounts receivable after more than one year29€1.10M€1.10M=
Other amounts receivable291€1.10M€1.10M=
Stocks and contracts in progress3€1.25M€1.09M▼
Stocks30/36€1.01M€1.01M=
Contracts in progress37€240k€81k▼
Amounts receivable within one year40/41€692k€1.14M▲
Trade receivables40€513k€1.04M▲
Other amounts receivable41€179k€99k▼
Current investments50/53€987k€860k▼
Cash at bank and in hand54/58€706k€787k▲
Deferred charges and accrued income490/1€17k€17k▼
Equity and liabilities
Total equity and liabilities10/49€9.97M€10.15M▲
Equity10/15€5.88M€6.50M▲
Contributions10/11€435k€435k=
Reserves13€5.44M€6.06M▲
Tax-exempt reserves132€3.79M€4.06M▲
Distributable reserves133€1.66M€2.00M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€4.09M€3.65M▼
Amounts payable after more than one year17€1.84M€1.53M▼
Financial debts170/4€1.84M€1.53M▼
Amounts payable within one year42/48€2.23M€1.92M▼
Current portion of amounts payable after more than one year42€463k€467k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1.37M€1.11M▼
Suppliers440/4€1.37M€1.11M▼
Taxes, remuneration and social security45€66k€70k▲
Taxes450/3€15k€13k▼
Remuneration and social security454/9€51k€57k▲
Other amounts payable47/48€331k€279k▼
Accrued charges and deferred income492/3€25k€195k▲
Income statement
Code20242025
Non-recurring operating income76A€0€4k▲
Remuneration, social security and pensions62€780k€700k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€271k€297k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€27k€0▼
Other operating charges640/8€25k€31k▲
Gross operating margin9900€1.67M€1.93M▲
Operating profit (loss)9901€567k€898k▲
Financial income75/76B€26k€58k▲
Recurring financial income75€26k€58k▲
Financial charges65/66B€102k€89k▼
Recurring financial charges65€102k€89k▼
Profit (loss) for the period before taxes9903€491k€866k▲
Income taxes67/77€112k€242k▲
Profit (loss) for the period9904€379k€624k▲
Transfer to tax-exempt reserves689€211k€274k▲
Profit (loss) for the period to be appropriated9905€169k€350k▲
Appropriation of the result
Profit (loss) to be appropriated9906€169k€350k▲
Transfer to equity691/2€169k€349k▲
To other reserves6921€169k€349k▲
Profit to be distributed694/7-€2k
Directors or managers695-€2k
Social balance
Average headcount (FTE)908712.310.6▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €624k ▲64.6%
Operating result €898k, net result €624k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €5MEq €5.14M ▲9.4%
4 profitable years in a row build equity to €5.14M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €37k ▼69.7%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
08-02
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Oudenaarde · 2 establishment units since 2005
Ground area
1.8 ha
Building footprint
4,978 m²
Volume, LiDAR
58,505 m³
2 parcels, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
INDACO CONSTRUCTIE
since 20052.148.936.317
Indaco Constructie BV
since 20232.347.671.402
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508B0447/00G000 | Flanders | 1.8 ha | 1 · 4,978 m² | 13.0 m · 4 fl. |
| 45023A1404/00S000 | Flanders | 190 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 5 entries · 7,814 EUR awarded · 6,712 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,427 EUR | 325 EUR |
| 2024 | 1 | 874 EUR | 874 EUR |
| 2023 | 2 | 5,135 EUR | 5,135 EUR |
| 2022 | 1 | 378 EUR | 378 EUR |
Schemes
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedWerfbediener (so)
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2005
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.