INDELCO
ActiveSummary
INDELCO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €5k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+54
Solvency93▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 7.31 in 2024; short-term debt: 32.2% and cash: 0.5% of total assets), and 32.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
67.8%
Return on assets
1.4%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 10-09-2025, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
32 d early
2023
63 d early
2022
47 d early
2021
22 d late
2020
66 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close24-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€256k▼ 17.0%
2024 · €308k
2019: €202k
2020: €229k
2021: €234k
2022: €324k
2023: €329k
2024: €308k
2019 → 2025
Total assets
€377k▲ 5.8%
2024 · €357k
2019: €364k
2020: €326k
2021: €389k
2022: €389k
2023: €340k
2024: €357k
2019 → 2025
Net result
€5k
2024 · €-4k
2019: €58k
2020: €27k
2021: €30k
2022: €107k
2023: €5k
2024: €-4k
2019 → 2025
Working capital
€246k▼ 19.1%
2024 · €304k
2019: €150k
2020: €181k
2021: €190k
2022: €316k
2023: €324k
2024: €304k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€324k▲ 38.3%€329k▲ 1.5%€308k▼ 6.3%€256k▼ 17.0%
Operating result€36k-€147k▲ 312%€6k▼ 95.8%€-10k€6k
Net result€30k-€107k▲ 261%€5k▼ 95.3%€-4k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €377k
Fixed assets
€10k ▲ 137%
Current assets
€368k ▲ 4.3%
Equity and liabilities €377k
Equity
€256k ▼ 17.0%
Debt
€122k ▲ 152%
Debt's share of the balance-sheet total rises from 13.5% to 32.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €-8k
Cash flow
€9k▲
2024 · €-2k
Current ratio
3.02▼
2024 · 7.31
Debt to equity
0.48▲
2024 · 0.16
ROE
2.1%▲
2024 · -1.2%
ROA
1.4%▲
2024 · -1.0%
Interest coverage
10.96▲
2024 · -7.60
Debt ≤ 1 year
€122k▲
2024 · €48k
Income taxes
€4k▲
2024 · €727
Staff costs
€30k▲
2024 · €25k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€357k€377k▲
Fixed assets21/28€4k€10k▲
Tangible fixed assets22/27€4k€10k▲
Land and buildings22€1k€1k=
Furniture and vehicles24€3k€8k▲
Current assets29/58€353k€368k▲
Amounts receivable within one year40/41€58k€105k▲
Trade receivables40€39k€104k▲
Other amounts receivable41€19k€2k▼
Current investments50/53€230k€260k▲
Cash at bank and in hand54/58€64k€2k▼
Deferred charges and accrued income490/1€929€838▼
Equity and liabilities
Total equity and liabilities10/49€357k€377k▲
Equity10/15€308k€256k▼
Contributions10/11€12k€12k=
Reserves13€234k€181k▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€226k€173k▼
Profit (loss) carried forward14€62k€62k▲
Amounts payable17/49€48k€122k▲
Amounts payable within one year42/48€48k€122k▲
Trade debts44€25k€43k▲
Suppliers440/4€25k€43k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€211€4k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€21k€73k▲
Income statement
Code20242025
Non-recurring operating income76A€156€643▲
Remuneration, social security and pensions62€25k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€144€387▲
Gross operating margin9900€17k€40k▲
Operating profit (loss)9901€-10k€6k▲
Financial income75/76B€8k€4k▼
Recurring financial income75€8k€4k▼
Financial charges65/66B€1k€839▼
Recurring financial charges65€1k€839▼
Profit (loss) for the period before taxes9903€-3k€10k▲
Income taxes67/77€727€4k▲
Profit (loss) for the period9904€-4k€5k▲
Profit (loss) for the period to be appropriated9905€-4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€68k▲
Profit (loss) brought forward from the previous period14P€66k€62k▼
Transfer from equity791/2€17k€58k▲
Transfer to equity691/2-€5k
To other reserves6921-€5k
Profit to be distributed694/7€17k€58k▲
Return on contributions (dividend)694€17k€58k▲
The notes to these accounts (7 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
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-04
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Weakest financial yearnet €-4k ▼174%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial
Liquidity times 5current ratio 30.47
Current ratio from 5.85 to 30.47; short-term debt falls from €65k to €11k.
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-04
Financial
Highest result since 2019net €107k ▲261%
Operating result €147k, net result €107k, both a record.
30-04
Financial
Liquidity triplescurrent ratio 5.85
Current ratio from 2.23 to 5.85; short-term debt falls from €155k to €65k.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Leuven · 1 establishment unit since 1998
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.
Parkdallaan 183001 LeuvenGround area
801 m²
Building footprint
168 m²
Volume, LiDAR
487 m³
Parcel 24433E0261/00V011, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Parkdallaan 18, 3001 Leuven
since 19982.086.578.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0261/00V011 | Flanders | 801 m² | 1 · 168 m² | 7.4 m · 1 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.
Similar companies · same sector, comparable size
Zet37 Advice
BE 0799.791.229
Zwevegem · Eq €255,802
SMT - VA
BE 0684.507.125
La Hulpe · Eq €255,792
ECOBA
BE 0867.497.823
Vorst · Eq €255,771
ConsuMor
BE 0859.828.289
Oosterzele · Eq €255,879
De Rijcke Invest
BE 0734.669.090
Overijse · Eq €255,750
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,839 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 (pre-2019)
Founded16-03-1998
Fiscal year end30-04
Activities, NACEBEL 2025
70200Business and other management consultancy
43211General electrical installation work
46649Wholesale of other machinery and equipment
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:pierre.delcourte@skynet.be
Phone:016407427