INDEMO
ActiveSummary
INDEMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €54k. Equity is shrinking by ~14.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 33% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+9
Solvency58▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.4 in 2024; short-term debt: 13.6% and cash: 5.6% of total assets), and 67.2% 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○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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
32.8%
Return on assets
9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €197k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
35 d early
2023
on the day
2022
32 d late
2021
17 d early
2020
10 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€197k▲ 37.7%
2024 · €143k
2018: €727khighest in 8 years
2019: €657k▼ -9.6% vs 2018
2020: €612k▼ -6.8% vs 2019
2021: €563k▼ -8.1% vs 2020
2022: €500k▼ -11.2% vs 2021
2023: €97k▼ -80.6% vs 2022lowest in 8 years
2024: €143k▲ +48.2% vs 2023
2025: €197k▲ +37.7% vs 2024
2018 → 2025
Total assets
€602k▼ 0.7%
2024 · €606k
2018: €947khighest in 8 years
2019: €742k▼ -21.7% vs 2018
2020: €714k▼ -3.7% vs 2019
2021: €724k▲ +1.3% vs 2020
2022: €691k▼ -4.5% vs 2021
2023: €646k▼ -6.4% vs 2022
2024: €606k▼ -6.3% vs 2023
2025: €602k▼ -0.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€54k▲ 16.1%
2024 · €47k
2018: €11k
2019: €-70k▼ -732% vs 2018lowest in 8 years
2020: €-45k▲ +36.1% vs 2019
2021: €-50k▼ -10.9% vs 2020
2022: €-63k▼ -27.7% vs 2021
2023: €47k▲ +174% vs 2022
2024: €47k▼ -1.1% vs 2023
2025: €54k▲ +16.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€-36k▲ 19.6%
2024 · €-44k
2018: €60khighest in 8 years
2019: €3k▼ -94.8% vs 2018
2020: €28k▲ +802% vs 2019
2021: €-38k▼ -234% vs 2020
2022: €-47k▼ -24.9% vs 2021
2023: €-53k▼ -13.4% vs 2022lowest in 8 years
2024: €-44k▲ +16.6% vs 2023
2025: €-36k▲ +19.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€563k-€500k▼ 11.2%€97k▼ 80.6%€143k▲ 48.2%€197k▲ 37.7%
2021: €563khighest in 5 years
2022: €500k▼ -11.2% vs 2021
2023: €97k▼ -80.6% vs 2022lowest in 5 years
2024: €143k▲ +48.2% vs 2023
2025: €197k▲ +37.7% vs 2024
Operating result€-50k-€-61k▼ 20.4%€62k€65k▲ 4.8%€70k▲ 8.4%
2021: €-50k
2022: €-61k▼ -20.4% vs 2021lowest in 5 years
2023: €62k▲ +202% vs 2022
2024: €65k▲ +4.8% vs 2023
2025: €70k▲ +8.4% vs 2024highest in 5 years
Net result€-50k-€-63k▼ 27.7%€47k€47k▼ 1.1%€54k▲ 16.1%
2021: €-50k
2022: €-63k▼ -27.7% vs 2021lowest in 5 years
2023: €47k▲ +174% vs 2022
2024: €47k▼ -1.1% vs 2023
2025: €54k▲ +16.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €602k
Fixed assets
€555k ▼ 3.6%
Current assets
€46k ▲ 56.8%
Equity and liabilities €602k
Equity
€197k ▲ 37.7%
Debt
€404k ▼ 12.6%
Debt's share of the balance-sheet total falls from 76.3% to 67.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96k▲
2024 · €91k
Cash flow
€79k▲
2024 · €73k
Current ratio
0.56▲
2024 · 0.40
Debt to equity
2.05▼
2024 · 3.23
ROE
27.4%▼
2024 · 32.5%
ROA
9.0%▲
2024 · 7.7%
Interest coverage
5.87▲
2024 · 4.97
Debt ≤ 1 year
€82k▲
2024 · €74k
Debt > 1 year
€322k▼
2024 · €388k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €20k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €26k | €25k | €26k | €25k | ▼ 3.9% |
| Other operating charges640/8 | €4k | €4k | €3k | €3k | €4k | ▲ 42.6% |
| Non-recurring operating charges66A | €1k | €0 | - | - | - | - |
| Gross operating margin9900 | €-22k | €-31k | €90k | €94k | €99k | ▲ 5.8% |
| Operating profit (loss)9901 | €-50k | €-61k | €62k | €65k | €70k | ▲ 8.4% |
| Financial income75/76B | €2k | €0 | €0 | €9 | €0 | ▼ 100% |
| Recurring financial income75 | €2k | €0 | €0 | €9 | €0 | ▼ 100% |
| Financial charges65/66B | €1k | €3k | €15k | €18k | €16k | ▼ 11.2% |
| Recurring financial charges65 | €1k | €3k | €15k | €18k | €16k | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €-50k | €-63k | €47k | €47k | €54k | ▲ 16.1% |
| Profit (loss) for the period9904 | €-50k | €-63k | €47k | €47k | €54k | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €-50k | €-63k | €47k | €47k | €54k | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724k | €691k | €646k | €606k | €602k | ▼ 0.7% |
| Fixed assets21/28 | €647k | €630k | €603k | €576k | €555k | ▼ 3.6% |
| Tangible fixed assets22/27 | €647k | €630k | €603k | €576k | €555k | ▼ 3.6% |
| Land and buildings22 | €581k | €563k | €545k | €527k | €510k | ▼ 3.2% |
| Plant, machinery and equipment23 | €66k | €64k | €58k | €50k | €45k | ▼ 8.7% |
| Furniture and vehicles24 | - | €3k | €0 | - | - | - |
| Current assets29/58 | €77k | €61k | €44k | €30k | €46k | ▲ 56.8% |
| Amounts receivable within one year40/41 | €70k | €52k | €36k | €9k | €12k | ▲ 35.4% |
| Trade receivables40 | €19k | €11k | €36k | €7k | €10k | ▲ 44.3% |
| Other amounts receivable41 | €51k | €41k | €3 | €2k | €2k | ▲ 3.5% |
| Cash at bank and in hand54/58 | €6k | €7k | €6k | €19k | €34k | ▲ 72.3% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €1k | €819 | ▼ 34.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724k | €691k | €646k | €606k | €602k | ▼ 0.7% |
| Equity10/15 | €563k | €500k | €97k | €143k | €197k | ▲ 37.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €550k | €487k | €84k | €131k | €185k | ▲ 41.3% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €56k | €56k | €56k | €56k | €56k | = |
| Distributable reserves133 | €493k | €430k | €29k | €75k | €130k | ▲ 71.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €161k | €191k | €550k | €462k | €404k | ▼ 12.6% |
| Amounts payable after more than one year17 | €47k | €83k | €453k | €388k | €322k | ▼ 17.1% |
| Financial debts170/4 | €47k | €83k | €453k | €388k | €322k | ▼ 17.1% |
| Amounts payable within one year42/48 | €114k | €108k | €97k | €74k | €82k | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €10k | €23k | €62k | €64k | €66k | ▲ 3.3% |
| Trade debts44 | €15k | €9k | €2k | €3k | €9k | ▲ 194% |
| Suppliers440/4 | €15k | €9k | €2k | €3k | €9k | ▲ 194% |
| Taxes, remuneration and social security45 | €780 | €2k | €11k | €7k | €7k | ▲ 0.1% |
| Taxes450/3 | €780 | €2k | €11k | €7k | €7k | ▲ 0.1% |
| Other amounts payable47/48 | €89k | €73k | €22k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €-63k | €47k | €47k | €54k | ▲ 16.1% |
| + Depreciation and write-downs630 | €24k | €26k | €25k | €26k | €25k | ▼ 3.9% |
| Operating cash flow (approximation) | €-26k | €-37k | €72k | €73k | €79k | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €-9k | €2k | €0 | €-4k | - |
| Change in cash | - | €2k | €-2k | €14k | €14k | ▲ 3.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €54k ▲16.1%
Operating result €70k, net result €54k, both a record.
31-12
Financial
Equity above €150kEq €197k ▲37.7%
3 profitable years in a row build equity to €197k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €143k ▲48.2%
2 profitable years in a row build equity to €143k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €47k
Net result €47k after 4 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Roeselare · 1 establishment unit since 1999
Ground area
1,696 m²
Building footprint
308 m²
Volume, LiDAR
1,528 m³
Parcel 36302B0924/00E000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
INDEMO BVBA
since 19992.101.903.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0924/00E000 | Flanders | 1,696 m² | 1 · 308 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.