Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Induscabel Sanitaire & Techniques is 6.6% (elevated). The 2024 annual accounts show equity of €2.38M and a net result of €-1.29M. Its solvency ranks better than 32% of 548 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone6.6%
Elevated
0%0,5%1,5%4%10%≥25%
Multiple establishment units
+Young company
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
Turnover€43.37M-31.6%
EBIT margin-2.9%-4.8pp
Net result€-1.29M
Working capital€10.11M+7.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 15.1% | 31.0% | |
| Net result | €-1.29M | €47k | |
| Equity | €2.38M | €469k | |
| Staff costs | €8.71M | €494k | |
| Employees (FTE) | 137.4 | 7.5 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€43.37M
-31.6%
23-24
€-974k
-
far below sector median
€-1.29M
-
far below sector median
€-1.01M
-
far below sector median
€15.75M
+16.7%
far above sector median
€2.38M
-35.1%
far above sector median
€10.11M
+7.0%
far above sector median
137
+6.5%
far above sector median
€8.71M
-19.5%
far above sector median
€26k
-93.8%
+285% vs sector
€13.37M
+36.1%
far above sector median
€4.29M
+20.0%
far above sector median
€9.05M
+45.0%
far above sector median
3.36
-7.9%
+69% vs sector
1.57
-25.6%
-16% vs sector
15.1%
-44.4%
-70% vs sector
5.61
+109.5%
far above sector median
-54.0%
-
far below sector median
-8.2%
-
far below sector median
-3.0%
-
23-24
-2.2%
-
23-24
-1.42
-
far below sector median
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | €43.37M |
| EBITDA | €-974k |
| Net profit | €-1.29M |
| Cash flow | €-1.01M |
| Staff costs | €8.71M |
| Income taxes | €26k |
| Dividends | - |
| Total assets | €15.75M |
| Equity | €2.38M |
| Debt | €13.37M |
| of which ≤ 1y | €4.29M |
| of which > 1y | €9.05M |
| Working capital | €10.11M |
| Employees (FTE) | 137.4 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.36 |
| Quick ratio | 1.57 |
| Working capital ratio | 64.2% |
| Solvency | 15.1% |
| Debt / equity | 5.61 |
| Long-term debt ratio | 3.80 |
| Interest coverage | -1.42 |
| Gross margin | 26.4% |
| Net margin | -3.0% |
| ROA | -8.2% |
| ROE | -54.0% |
| EBITDA margin | -2.2% |
| Days sales outstanding | 52d |
| Days payable outstanding | 29d |
| Inventory turnover | 4.16 |
| Days inventory (DSI) | 88d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €15.75M |
| Fixed assets | 21/28 | €1.35M |
| Intangible fixed assets | 21 | €435k |
| Tangible fixed assets | 22/27 | €905k |
| Financial fixed assets | 28 | €7k |
| Current assets | 29/58 | €14.40M |
| Stocks & contracts in progress | 3 | €7.67M |
| Amounts receivable within one year | 40/41 | €6.48M |
| Cash & bank | 54/58 | €113k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €15.75M |
| Equity | 10/15 | €2.38M |
| Contributions / capital | 10/11 | €2.66M |
| Reserves | 13 | €50k |
| Accumulated profits (losses) | 14 | €-330k |
| Amounts payable | 17/49 | €13.37M |
| Amounts payable after one year | 17 | €9.05M |
| Amounts payable within one year | 42/48 | €4.29M |
| Trade debts payable within one year | 44 | €2.53M |
| Income statement | ||
| Turnover | 70 | €43.37M |
| Operating result | 9901 | €-1.25M |
| Financial income | 75 | €768k |
| Financial charges | 65 | €781k |
| Result before taxes | 9903 | €-1.26M |
| Income taxes | 67/77 | €26k |
| Net result for the period | 9904 | €-1.29M |
| Result to be appropriated | 9905 | €-1.29M |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed22
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
9 directorsCurrent directors & mandates
-
Current15-04-2026 → present
2 events
- 08-05-2026 Appointed· Director
- 15-04-2026 Appointed· Director
-
Current11-02-2026 → present
-
Current01-04-2025 → present
-
Current01-07-2023 → present
-
Current01-09-2022 → present
-
Current01-09-2022 → present
-
Current01-09-2022 → present
Former directors (2)
-
Former- → 01-09-2022
-
Former- → 01-09-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in sanitair(46836) |
| Legal form | Public limited company(014) |
| Incorporation | 16-05-2022 |
| Status | Active |
| Postal code | 6040 |
Structure & network
Locations & real estate
Establishment units
13 locationsInduscabel Sanitaire & Techniques
since 20222.331.563.066
Induscabel Sanitaire & Techniques
since 20222.335.314.095
Induscabel Sanitaire & Techniques
since 20222.335.314.590
Induscabel Sanitaire & Techniques
since 20222.335.315.085
Induscabel Sanitaire & Techniques
since 20222.335.315.382
Induscabel Sanitaire & Techniques
since 20222.335.315.976
Induscabel Sanitaire & Techniques
since 20222.335.317.758
Induscabel Sanitaire & Techniques
since 20222.335.318.154
Induscabel Sanitaire & Techniques
since 20222.335.319.342
Induscabel Sanitaire & Techniques
since 20242.358.050.994
Induscabel Sanitaire & Techniques
since 20242.358.051.093
Induscabel Sanitaire & Techniques
since 20252.373.761.828
Induscabel Sanitaire & Techniques
since 20252.383.043.045
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels12
Ground area24.5 ha
Buildings10
Building footprint6.5 ha
Volume (LiDAR)688,609 m³
Tallest building15.7 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(8.3%)
Wallonia
10
(83.3%)
Brussels
1
(8.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0633/00E000 | Wallonia | 21.0 ha | 1 · 5.2 ha | 15.7 m · 4 fl. |
| 57031C0033/00W000 | Wallonia | 1.1 ha | 1 · 6,298 m² | 7.2 m · 2 fl. |
| 53019A0022/00H002 | Wallonia | 4,477 m² | 1 · 1,160 m² | 6.2 m · 2 fl. |
| 92067A0120/00B000 | Wallonia | 3,959 m² | 1 · 1,385 m² | 9.6 m · 2 fl. |
| 53019A0233/00W002 | Wallonia | 3,724 m² | 1 · 1,427 m² | 5.2 m · 2 fl. |
| 25743G0202/00P000 | Wallonia | 3,371 m² | 1 · 962 m² | 8.4 m · 2 fl. |
| 21306D0283/00B002 | Brussels | 3,218 m² | - | - |
| 23026A0153/00C000 | Flanders | 2,458 m² | - | - |
| 52041A0427/00P003 | Wallonia | 992 m² | 1 · 760 m² | - |
| 51042B0617/00L000 | Wallonia | 834 m² | 1 · 206 m² | - |
2 more parcels, available with Plus.
See plans →Methodology
via registered seat: 1 · via establishment units: 11
11 of 12 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
9 acts Capital history · 2
29-07-2022
v3.2
08-07-2022
v3.2
All acts · 9
updated 3 months ago
2026
08-05-2026 Officer resignation · Officer discharge · Officer appointment · Mandate term
- Filing: 2026-04-28 · Induscabel Sanitaire & Techniques SA
- Publication: 2026-05-08 · Induscabel Sanitaire & Techniques SA
- Officer resignation: date: 2026-04-15, role: administrateur · Frans Hartong
- Officer discharge: date: 2026-04-15, role: administrateur · Frans Hartong
- Officer appointment: date: 2026-04-15, role: administrateur · Fabian Koppert
- Mandate term: role: administrateur, end_condition: après l'assemblée générale ordinaire relative à l'approbation des comptes annuels 2032 · Fabian Koppert
- Mandate compensation: role: administrateur, amount: 0, currency: EUR · Fabian Koppert
- Act object: Démissions et nominations d' administrateurs
Summary:
Officer resignation · Officer discharge · Officer appointment · Mandate term
23-02-2026 Glenn Bruyninckx appointed as director
2025
13-06-2025 Christoph Makelberge appointed as director
21-01-2025 Change in the board of directors
Summary:
v3.2
2023
12-07-2023 Mark Tonkens appointed as director
2022
17-10-2022 3 directors appointed, 2 resigning
- Frans Hartong, Bestuurder
- Xavier Ettori, Bestuurder
- Jan Bos, Bestuurder
- Paul Rombouts, Bestuurder
- Dirk-Jan Pranger, Bestuurder
Summary:
v3.2
29-07-2022 Transaction in capital or shares
Summary:
v3.2
08-07-2022 Capital increase of €2,600,000 to €2,661,500
18-05-2022 Incorporation of a new SNC
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes37
/ 100
Fragile profile, watch profitability in particular.
Health
22
Profitability
3
Solvency
43
Growth
22
Stability
94
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verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in sanitair46736Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46742Groothandel in sanitair46836Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46842Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46742Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46842
Primary activity highlighted.
Names & trade names
| Legal nameFR | Induscabel Sanitaire & Techniques |
Registered office
Chaussée de Bruxelles 376 C
6040 Charleroi, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.