Ingelbrecht
ActiveSummary
Ingelbrecht has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €779,960 and a net result of €193,320. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+8
Solvency53▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.36 in 2024; short-term debt: 63.5% and cash: 0.9% of total assets), and 72.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
27.9%
Return on assets
6.9%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
5 d early
2022
18 d early
2021
1 d late
2020
2 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 22 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#6 company by total assets in Oudenburg, Construction sector#6 company by equity in Oudenburg, Construction sector#7 oldest company in Oudenburg, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€193,320▲ 3,723%
2024 · €5,057
Working capital
€572,502▲ 16.9%
2024 · €489,924
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€119,858▲ 36.6%€82,349▼ 31.3%€79,512▼ 3.4%€40,792▼ 48.7%€251,454▲ 516%
Net result€84,913within the sector's middle half▲ 48.7%€53,721within the sector's middle half▼ 36.7%€49,643within the sector's middle half▼ 7.6%€5,057below the sector's middle half▼ 89.8%€193,320within the sector's middle half▲ 3,723%
Equity€587,219within the sector's middle half▲ 16.9%€640,940within the sector's middle half▲ 9.1%€690,583within the sector's middle half▲ 7.7%€695,640within the sector's middle half▲ 0.7%€779,960within the sector's middle half▲ 12.1%
Total assets€1.1mwithin the sector's middle half▲ 6.7%€1.3mwithin the sector's middle half▲ 11.8%€2.0mabove the sector's middle half▲ 55.3%€2.4mabove the sector's middle half▲ 19.9%€2.8mwithin the sector's middle half▲ 17.4%
Debt€556,727▼ 2.3%€637,707▲ 14.5%€1.3m▲ 103%€1.7m▲ 30.1%€2.0m▲ 19.5%
Working capital€376,442within the sector's middle half▲ 24.7%€453,696within the sector's middle half▲ 20.5%€460,910within the sector's middle half▲ 1.6%€489,924within the sector's middle half▲ 6.3%€572,502within the sector's middle half▲ 16.9%
Solvency51.3%within the sector's middle half▲ 4.5pp50.1%within the sector's middle half▼ 1.2pp34.8%within the sector's middle half▼ 15.3pp29.2%within the sector's middle half▼ 5.6pp27.9%within the sector's middle half▼ 1.3pp
Current ratio1.78within the sector's middle half▲ 0.181.80within the sector's middle half▲ 0.021.53within the sector's middle half▼ 0.271.36within the sector's middle half▼ 0.171.32within the sector's middle half▼ 0.04
Return on assets (ROA)7.4%within the sector's middle half▲ 2.1pp4.2%within the sector's middle half▼ 3.2pp2.5%within the sector's middle half▼ 1.7pp0.2%below the sector's middle half▼ 2.3pp6.9%within the sector's middle half▲ 6.7pp
Staff (FTE)11.8above the sector's middle half▼ 9.2%11.8above the sector's middle half=9.5within the sector's middle half▼ 19.5%10.4above the sector's middle half▲ 9.5%12.3within the sector's middle half▲ 18.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +3,723% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 516% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€448,362 ▼ 16.4%
Current assets
€2.3m ▲ 27.1%
Equity and liabilities €2.8m
Equity
€779,960 ▲ 12.1%
Debt
€2.0m ▲ 19.5%
Debt's share of the balance-sheet total rises from 70.8% to 72.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€393,098▲
2024 · €176,135
Cash flow
€334,964▲
2024 · €140,400
Debt to equity
2.58▲
2024 · 2.42
ROE
24.8%▲
2024 · 0.7%
Interest coverage
19.92▲
2024 · 6.95
Debt ≤ 1 year
€1.8m▲
2024 · €1.4m
Debt > 1 year
€238,962▼
2024 · €323,755
Income taxes
€38,404▲
2024 · €10,392
Staff costs
€611,870▲
2024 · €429,962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €500 | €3,000 | €0 | €17,552 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €438,796 | €437,005 | €359,878 | €429,962 | €611,870 | ▲ 42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,693 | €69,602 | €68,942 | €135,343 | €141,644 | ▲ 4.7% |
| Other operating charges640/8 | €5,783 | €6,700 | €8,981 | €10,436 | €7,201 | ▼ 31.0% |
| Gross operating margin9900 | €621,131 | €595,656 | €517,313 | €616,532 | €1.0m | ▲ 64.2% |
| Operating profit (loss)9901 | €119,858 | €82,349 | €79,512 | €40,792 | €251,454 | ▲ 516% |
| Financial income75/76B | €2,813 | €0 | - | €7 | €6 | ▼ 20.4% |
| Recurring financial income75 | €2,813 | €0 | - | €7 | €6 | ▼ 20.4% |
| Financial charges65/66B | €2,536 | €2,886 | €6,580 | €25,350 | €19,735 | ▼ 22.1% |
| Recurring financial charges65 | €2,536 | €2,886 | €6,580 | €25,350 | €19,735 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €120,135 | €79,464 | €72,932 | €15,449 | €231,725 | ▲ 1,400% |
| Income taxes67/77 | €35,222 | €25,743 | €23,288 | €10,392 | €38,404 | ▲ 270% |
| Profit (loss) for the period9904 | €84,913 | €53,721 | €49,643 | €5,057 | €193,320 | ▲ 3,723% |
| Transfer from tax-exempt reserves789 | €0 | - | €151,651 | €13,987 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €84,913 | €53,721 | €201,294 | €19,044 | €193,320 | ▲ 915% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €2.0m | €2.4m | €2.8m | ▲ 17.4% |
| Fixed assets21/28 | €285,554 | €257,350 | €650,882 | €536,050 | €448,362 | ▼ 16.4% |
| Tangible fixed assets22/27 | €285,049 | €256,980 | €650,512 | €535,545 | €447,857 | ▼ 16.4% |
| Plant, machinery and equipment23 | €1,744 | €772 | €401 | €5,252 | €4,100 | ▼ 21.9% |
| Furniture and vehicles24 | €27,828 | €29,035 | €32,225 | €6,633 | €12,143 | ▲ 83.1% |
| Leasing and similar rights25 | €144,932 | €124,059 | €522,205 | €435,412 | €350,799 | ▼ 19.4% |
| Other tangible fixed assets26 | €110,546 | €103,113 | €95,681 | €88,248 | €80,816 | ▼ 8.4% |
| Financial fixed assets28 | €505 | €370 | €370 | €505 | €505 | = |
| Current assets29/58 | €858,392 | €1.0m | €1.3m | €1.8m | €2.3m | ▲ 27.1% |
| Amounts receivable within one year40/41 | €775,907 | €932,817 | €1.3m | €1.8m | €2.3m | ▲ 30.3% |
| Trade receivables40 | €753,918 | €924,588 | €1.3m | €1.8m | €2.3m | ▲ 29.9% |
| Other amounts receivable41 | €21,989 | €8,229 | €18,293 | €17,213 | €28,514 | ▲ 65.7% |
| Cash at bank and in hand54/58 | €61,275 | €74,410 | €27,055 | €48,166 | €23,831 | ▼ 50.5% |
| Deferred charges and accrued income490/1 | €21,211 | €14,070 | €18,953 | €20,312 | €7,895 | ▼ 61.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €2.0m | €2.4m | €2.8m | ▲ 17.4% |
| Equity10/15 | €587,219 | €640,940 | €690,583 | €695,640 | €779,960 | ▲ 12.1% |
| Contributions10/11 | €74,996 | €74,996 | €74,996 | €74,996 | €74,996 | = |
| Capital10 | €74,996 | €74,996 | €74,996 | €74,996 | €74,996 | = |
| Issued capital100 | €74,996 | €74,996 | €74,996 | €74,996 | €74,996 | = |
| Reserves13 | €512,223 | €565,943 | €615,587 | €620,644 | €704,964 | ▲ 13.6% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Tax-exempt reserves132 | €165,637 | €165,637 | €13,987 | €0 | - | - |
| Distributable reserves133 | €339,086 | €392,806 | €594,100 | €613,144 | €697,464 | ▲ 13.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €556,727 | €637,707 | €1.3m | €1.7m | €2.0m | ▲ 19.5% |
| Amounts payable after more than one year17 | €74,777 | €70,107 | €421,209 | €323,755 | €238,962 | ▼ 26.2% |
| Financial debts170/4 | €74,777 | €70,107 | €421,209 | €323,755 | €238,962 | ▼ 26.2% |
| Amounts payable within one year42/48 | €481,950 | €567,600 | €873,745 | €1.4m | €1.8m | ▲ 30.9% |
| Current portion of amounts payable after more than one year42 | €51,333 | €38,651 | €100,851 | €113,357 | €118,492 | ▲ 4.5% |
| Financial debts43 | €20,855 | €14,624 | €0 | - | €8,796 | - |
| Credit institutions430/8 | €20,855 | €14,624 | €0 | - | €8,796 | - |
| Trade debts44 | €346,418 | €437,914 | €515,195 | €917,841 | €1.4m | ▲ 56.4% |
| Suppliers440/4 | €346,418 | €437,914 | €515,195 | €917,841 | €1.4m | ▲ 56.4% |
| Taxes, remuneration and social security45 | €32,893 | €27,224 | €19,981 | €40,314 | €72,309 | ▲ 79.4% |
| Taxes450/3 | €2,193 | €2,927 | €1,975 | €11,276 | €34,970 | ▲ 210% |
| Remuneration and social security454/9 | €30,700 | €24,297 | €18,006 | €29,038 | €37,340 | ▲ 28.6% |
| Other amounts payable47/48 | €30,451 | €49,188 | €237,718 | €282,776 | €137,266 | ▼ 51.5% |
| Accrued charges and deferred income492/3 | - | - | - | €6,578 | €1,942 | ▼ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,913 | €53,721 | €49,643 | €5,057 | €193,320 | ▲ 3,723% |
| + Depreciation and write-downs630 | €56,693 | €69,602 | €68,942 | €135,343 | €141,644 | ▲ 4.7% |
| Operating cash flow (approximation) | €141,606 | €123,323 | €118,586 | €140,400 | €334,964 | ▲ 139% |
| Investment in fixed assets (approximation) | - | -€41,398 | -€462,474 | -€20,511 | -€53,956 | ▼ 163% |
| Change in cash | - | €13,135 | -€47,354 | €21,110 | -€24,335 | ▼ 215% |
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
31-08
State Gazette act
Appointments: LAVEST (day-to-day manager) and TOXAN (managing director)Permanent representatives: Jonas LAPIERRE and Stefaan BATSLEER7 facts ▸
State Gazette act
Appointments: LAVEST (day-to-day manager) and TOXAN (managing director)
Permanent representatives: Jonas LAPIERRE and Stefaan BATSLEER7 facts ▸
- Board meeting, 01-04-2026
- Director appointment, LAVEST (day-to-day manager)
- Permanent representative, Jonas LAPIERRE (permanent representative)
- Director appointment, TOXAN (managing director)
- Permanent representative, Stefaan BATSLEER (permanent representative)
- Director in office, LAVEST (day-to-day manager)
- Director in office, TOXAN (managing director)
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €193,320 ▲3,723%
Net result €193,320, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €5,057 ▼89.8%
Net result drops to €5,057, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €502,306 ▲12.8%
3 profitable years in a row build equity to €502,306.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 office holders, last change in 2026
Day-to-day management 2
TOXAN
CurrentManaging director · since 01-04-2026 · Legal entity · perm. rep.: Stefaan BATSLEER
LAVEST
CurrentDay-to-day manager · since 01-04-2026 · Legal entity · perm. rep.: Jonas LAPIERRE
Permanent representatives 2
Jonas LAPIERRE
CurrentPermanent representative · since 01-04-2026 · for LAVEST
Stefaan BATSLEER
CurrentPermanent representative · since 01-04-2026 · for TOXAN
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudenburg · 1 establishment unit since 1990
Ground area
2,045 m²
Building footprint
1,337 m²
Volume, LiDAR
7,153 m³
Parcel 35023B0008/00K000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INGELBRECHT NV
since 19902.048.721.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35023B0008/00K000 | Flanders | 2,045 m² | 1 · 1,337 m² | 7.5 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.
Mandate history
2 people since 2026, 2 in office
- Day-to-day management
| Name | Functions and periods |
|---|---|
| LAVEST |
|
| TOXAN |
|
Articles of association
Who signs
“De voornoemde besloten vennootschap "LAVEST", vertegenwoordigd door haar vaste vertegenwoordiger, de voornoemde heer Jonas LAPIERRE, zal de titel van "dagelijks bestuurder" dragen. De voornoemde besloten vennootschap "TOXAN", vertegenwoordigd door haar vaste vertegenwoordiger, de voornoemde heer…”
Full text
De voornoemde besloten vennootschap "LAVEST", vertegenwoordigd door haar vaste vertegenwoordiger, de voornoemde heer Jonas LAPIERRE, zal de titel van "dagelijks bestuurder" dragen. De voornoemde besloten vennootschap "TOXAN", vertegenwoordigd door haar vaste vertegenwoordiger, de voornoemde heer Stefaan BATSLEER, zal de titel van "gedelegeerd bestuurder" dragen. Algemene vertegenwoordigingsbevoegdheid In overeenstemming met artikel 18 van de statuten wordt de vennootschap in en buiten rechte geldig vertegenwoordigd door de raad van bestuur, handelend met de meerderheid van zijn leden, hetzij door de voorzitter van de raad van bestuur, alleen optredend.
Other statement
Uitsluiting van handelingen van dagelijks bestuur, valt derhalve steeds onder de algemene vertegenwoordigingsbevoegdheid zoals bepaald in artikel 18 van de stat…
Structure & network
Owners and holdings
1 ownerChain of control
- LAMOTE HOLDING
- Ingelbrecht
Highest known parent: LAMOTE HOLDING. The sources do not say who stands above it.
Owners 1
- LAMOTE HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,183 EUR awarded · 1,480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 447 EUR | 447 EUR |
| 2024 | 1 | 148 EUR | 148 EUR |
| 2023 | 1 | 303 EUR | 600 EUR |
| 2022 | 1 | 285 EUR | 285 EUR |
Recognitions · licences · registrations
Recognised contractor
9 categoriesIngelbrecht NV20514
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Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. 1,872 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440130075
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.