Indumed
ActiveIndumed has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €521k and a net result of €8k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 35% of 2687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-11
Solvency54▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.42 in 2024; short-term debt: 19.3% and cash: 7.2% of total assets), and 71.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
28.9%
Return on assets
0.5%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
33 d early
2023
19 d early
2022
23 d early
2021
32 d early
2020
4 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€521k▼ 3.5%
2024 · €540k
2018: €262k
2019: €289k
2020: €363k
2021: €417k
2022: €502k
2023: €562k
2024: €540k
2018 → 2025
Total assets
€1.80M▼ 13.7%
2024 · €2.09M
2018: €749k
2019: €737k
2020: €868k
2021: €1.01M
2022: €1.04M
2023: €952k
2024: €2.09M
2018 → 2025
Net result
€8k▲ 1,276%
2024 · €604
2018: €22k
2019: €27k
2020: €74k
2021: €55k
2022: €85k
2023: €78k
2024: €604
2018 → 2025
Working capital
€-59k
2024 · €142k
2018: €-50k
2019: €-20k
2020: €25k
2021: €129k
2022: €188k
2023: €248k
2024: €142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€417k-€502k▲ 20.4%€562k▲ 11.8%€540k▼ 3.8%€521k▼ 3.5%
Operating result€100k-€136k▲ 36.3%€126k▼ 7.7%€46k▼ 63.7%€69k▲ 50.9%
Net result€55k-€85k▲ 56.0%€78k▼ 8.4%€604▼ 99.2%€8k▲ 1,276%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 51% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€1.51M▼ 6.0%
Current assets
€288k▼ 39.8%
Equity and liabilities €1.80M
Equity
€521k▼ 3.5%
Debt
€1.28M▼ 17.3%
The debt ratio falls from 74.1% to 71.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€172k=
2024 · €172k
Cash flow
€112k▼
2024 · €127k
Solvency
28.9%▲
2024 · 25.9%
Current ratio
0.83▼
2024 · 1.42
Quick ratio
0.80▼
2024 · 0.85
Debt / equity
2.46▼
2024 · 2.87
ROE
1.6%▲
2024 · 0.1%
ROA
0.5%▲
2024 · 0.0%
Interest coverage
2.74▼
2024 · 4.10
Debt
€1.28M▼
2024 · €1.55M
Debt ≤ 1 year
€347k▲
2024 · €337k
Debt > 1 year
€919k▼
2024 · €1.20M
Income taxes
€6k▲
2024 · €2k
Staff costs
€68k▼
2024 · €70k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.09M€1.80M▼
Fixed assets21/28€1.61M€1.51M▼
Intangible fixed assets21€458€0▼
Tangible fixed assets22/27€1.61M€1.51M▼
Land and buildings22€1.42M€1.38M▼
Plant, machinery and equipment23€39k€37k▼
Furniture and vehicles24€143k€92k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€170€170=
Current assets29/58€479k€288k▼
Stocks and contracts in progress3€192k€9k▼
Stocks30/36€192k€9k▼
Amounts receivable within one year40/41€97k€91k▼
Trade receivables40€79k€91k▲
Other amounts receivable41€18k-
Current investments50/53€82k€40k▼
Cash at bank and in hand54/58€85k€130k▲
Deferred charges and accrued income490/1€23k€19k▼
Equity and liabilities
Total equity and liabilities10/49€2.09M€1.80M▼
Equity10/15€540k€521k▼
Contributions10/11€95k€95k=
Reserves13€446k€427k▼
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€436k€417k▼
Amounts payable17/49€1.55M€1.28M▼
Amounts payable after more than one year17€1.20M€919k▼
Financial debts170/4€1.20M€915k▼
Other amounts payable178/9€5k€4k▼
Amounts payable within one year42/48€337k€347k▲
Current portion of amounts payable after more than one year42€112k€94k▼
Trade debts44€44k€45k▲
Suppliers440/4€44k€45k▲
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€172k€197k▲
Accrued charges and deferred income492/3€10k€14k▲
Income statement
Code20242025
Remuneration, social security and pensions62€70k€68k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€103k▼
Other operating charges640/8€4k€9k▲
Gross operating margin9900€247k€250k▲
Operating profit (loss)9901€46k€69k▲
Financial income75/76B€11k€8k▼
Recurring financial income75€723€529▼
Non-recurring financial income76B€10k€8k▼
Financial charges65/66B€54k€63k▲
Recurring financial charges65€42k€63k▲
Non-recurring financial charges66B€12k-
Profit (loss) for the period before taxes9903€3k€14k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€604€8k▲
Profit (loss) for the period to be appropriated9905€604€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€604€8k▲
Transfer from equity791/2€22k€27k▲
Transfer to equity691/2€604€8k▲
To other reserves6921€604€8k▲
Profit to be distributed694/7€22k€27k▲
Return on contributions (dividend)694€22k€27k▲
Social balance
Average headcount (FTE)90871.21.3▲
The notes to these accounts (19 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €604 ▼99.2%
Net result drops to €604, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €85k ▲56%
Operating result €136k, net result €85k, both a record.
30-09
Financial
Equity above €500kEq €502k ▲20.4%
5 profitable years in a row build equity to €502k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
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
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, Sint-Lievens-Houtem · 1 establishment unit since 2009
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.
Steenbergstraat 479520 Sint-Lievens-HoutemGround area
770 m²
Building footprint
238 m²
Volume, LiDAR
904 m³
Parcel 41080A0202/00B002, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INDUMED - EAGER BEAVER
since 20092.179.495.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41080A0202/00B002 | Flanders | 770 m² | 1 · 238 m² | 7.9 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
BJERG Consulting
BE 0599.901.943
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EXCALIBUR CONSULTING
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Dendermonde · Eq €522k
ATLANTIC BALLOONING
BE 0467.022.534
Destelbergen · Eq €521k
OPENLAB
BE 0833.614.436
Brugge · Eq €522k
FOSEA
BE 0884.448.176
Chaumont-Gistoux · Eq €521k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 11,792 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2009
Fiscal year end30-09
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
46649Wholesale of other machinery and equipment
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.