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Intercommunale namuroise de Services publics

Active
Cooperative companyfounded 197848 yrs activeRue des Viaux(NN) 1B, 5100 Namur, BelgiumKBO/BCE: BE 0218.735.790
Summary

Intercommunale namuroise de Services publics has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55.2m and a net result of €2.0m. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 56 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
Intercommunale namuroise de Services publicsActiveChecked score 85/100
Risk analysis ReportCompare

Overview

What they do
Water collection, treatment and supply
NACE 36000NACE 41000
#1 company by total assets in the province of Namur, Water and waste sector14 sites
How big
€49.1mturnover 2025
Staff
268.8 FTE
Equity
€55.2m
Profit
€2.0m
Financially healthy?
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Who decides
Board
22 members
Holdings
7
Auditor: DGST & PARTNERSAccounts 30 d early53 of 54 deeds read
Why 85- Liquidity: current ratio 2.73, cash €4.9m- 1 of the last 3 late+ Founded in 1978+ Size: turnover €49.1m, 268.8 FTE, total assets €185.8mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (all companies)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 55+4
equity 29.7% of total assets
Liquidity 53+1
short-term debt 10.3% · cash 2.6%
Profitability 58+4
return on assets 1.1%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (6 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.2%▼ -4.0% vs 01-2025 03-2025: 0.2%▲ +1.6% vs 02-2025 04-2025: 0.3%▲ +2.0% vs 03-2025 05-2025: 0.3%▲ +5.6% vs 04-2025 06-2025: 0.3%▲ +0.4% vs 05-2025 07-2025: 0.3%▲ +30.3% vs 06-2025 08-2025: 0.2%▼ -41.1% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026lowest value 03-2026: 0.2%▲ +1.5% vs 02-2026 04-2026: 0.2%▲ +2.0% vs 03-2026 05-2026: 0.6%▲ +211% vs 04-2026 06-2026: 0.6%▲ +2.4% vs 05-2026highest value 07-2026: 0.6%▼ -1.8% vs 06-2026 08-2026: 0.3%▼ -47.6% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Founded in 1978 lowers the probability for this profile
  • Size: turnover €49.1m, 268.8 FTE, total assets €185.8m lowers the probability for this profile
  • Liquidity: current ratio 2.73, cash €4.9m raises the probability
  • 1 of the last 3 late raises the probability
Credit up to €4,650,000 at 30 days acceptable
Liquidity ample (current ratio 2.73 against 2.66 in 2023; short-term debt: 10.3% and cash: 2.6% of total assets), but 70.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 42%, liquidity 68%, profitability 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1978
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €49.1m, 268.8 FTE, total assets €185.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.73, cash €4.9m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
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 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
30 d early
2024
9 d early
2023
14 d early
2022
24 d early
2021
12 d early
2020
31 d late
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 18 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €2.0m ▲250%

Key points

  • Positive: Company by total assets in the province of…in the Checked rankings #1 View
  • Positive: 4 years of growth in a rowturnover 2025: €49.1m 4 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Active since 1978founded 20-06-1978 48 years View

By topic

Financials

Fiscal year
2025
Turnover
€49.1m
Profit
€2.0m
Solvency
29.7%
Turnover▲ 1.4%
Net result
20182025
Go to Financials

Timeline

Events
66
Since
2003
Next accounts
by 31-07-2027
  1. 01-07-2026Annual accounts filed
  2. 17-04-2026Annual accounts filed
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
14
Legal form
Cooperative company
Activity
Water collection, treatment and supplyNACE 36000
Founded
20-06-1978
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
L’intercommunale a pour but principal de répondre aux besoins de ses actionnaires dans les…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

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