Summary
Indufin Fund Manager is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €790k and a net result of €7k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 37% of 490 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 13-05-2026, 79 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
79 d early
2024
84 d early
2023
85 d early
2022
77 d early
2021
80 d early
2020
73 d early
2019
79 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€790k▲ 0.9%
2024 · €783k
2019: €751k
2020: €757k
2021: €769k
2022: €775k
2023: €779k
2024: €783k
2019 → 2025
Net result
€7k▲ 53.4%
2024 · €4k
2019: €1k
2020: €6k
2021: €12k
2022: €7k
2023: €4k
2024: €4k
2019 → 2025
Total assets
€2.87M▲ 0.3%
2024 · €2.86M
2019: €2.65M
2020: €2.67M
2021: €2.76M
2022: €2.84M
2023: €2.75M
2024: €2.86M
2019 → 2025
Solvency
27.6%▲ 0.2pp
2024 · 27.4%
2019: 28.4%
2020: 28.4%
2021: 27.9%
2022: 27.3%
2023: 28.3%
2024: 27.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.24M-€1.08M▼ 13.3%€2.01M▲ 86.1%€1.39M▼ 30.8%€691k▼ 50.3%
Equity€769k-€775k▲ 0.9%€779k▲ 0.5%€783k▲ 0.6%€790k▲ 0.9%
Operating result€69k-€64k▼ 8.0%€59k▼ 7.8%€59k▲ 0.1%€64k▲ 8.4%
Net result€12k-€7k▼ 42.4%€4k▼ 47.0%€4k▲ 25.1%€7k▲ 53.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.87M
Fixed assets
€2.50M =
Current assets
€364k ▲ 2.6%
Equity and liabilities €2.87M
Equity
€790k ▲ 0.9%
Debt
€2.08M ▲ 0.1%
Debt's share of the balance-sheet total falls from 72.6% to 72.4%. Equity and debt are higher.
Key figures and ratios
ROE
0.9%▲
2024 · 0.6%
ROA
0.2%▲
2024 · 0.2%
Debt ≤ 1 year
€313k▼
2024 · €322k
Debt > 1 year
€1.75M=
2024 · €1.75M
Income taxes
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.86M€2.87M▲
Fixed assets21/28€2.50M€2.50M=
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€2.50M€2.50M=
Affiliated companies280/1€2.50M€2.50M=
Participating interests280€2.50M€2.50M=
Current assets29/58€354k€364k▲
Amounts receivable within one year40/41€126k€188k▲
Trade receivables40€119k€182k▲
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€222k€168k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.86M€2.87M▲
Equity10/15€783k€790k▲
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€19k€20k▲
Non-distributable reserves130/1€19k€20k▲
Legal reserve130€19k€20k▲
Profit (loss) carried forward14€14k€20k▲
Amounts payable17/49€2.08M€2.08M▲
Amounts payable after more than one year17€1.75M€1.75M=
Financial debts170/4€1.75M€1.75M=
Other loans174€1.75M€1.75M=
Amounts payable within one year42/48€322k€313k▼
Trade debts44€294k€263k▼
Suppliers440/4€294k€263k▼
Taxes, remuneration and social security45€28k€50k▲
Taxes450/3€28k€50k▲
Accrued charges and deferred income492/3€4k€14k▲
Income statement
Code20242025
Operating income70/76A€1.60M€955k▼
Turnover70€1.39M€691k▼
Other operating income74€206k€264k▲
Operating charges60/66A€1.54M€891k▼
Services and other goods61€1.53M€889k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€804€804=
Other operating charges640/8€9k€1k▼
Operating profit (loss)9901€59k€64k▲
Financial income75/76B€902-
Recurring financial income75€902-
Other financial income752/9€902-
Financial charges65/66B€54k€55k▲
Recurring financial charges65€54k€55k▲
Debt charges650€53k€53k▼
Other financial charges652/9€1k€3k▲
Profit (loss) for the period before taxes9903€6k€9k▲
Income taxes67/77€1k€2k▲
Taxes670/3€1k€2k▲
Profit (loss) for the period9904€4k€7k▲
Profit (loss) for the period to be appropriated9905€4k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€20k▲
Profit (loss) brought forward from the previous period14P€10k€14k▲
Transfer to equity691/2€327€337▲
To the legal reserve6920€327€337▲
The notes to these accounts (25 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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 4.80
Current ratio from 1.21 to 4.80; short-term debt falls from €275k to €52k.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2019net €12k ▲108%
Operating result €69k, net result €12k, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.14
Current ratio from 1.20 to 4.14; short-term debt falls from €112k to €38k.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
State Gazette act
Shareholder decision · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Dilbeek
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.
Eikelenbergstraat 201700 DilbeekGround area
5.5 ha
Building footprint
1,350 m²
Volume, LiDAR
18,171 m³
Parcel 23016C0174/00K000, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016C0174/00K000 | Flanders | 5.5 ha | 1 · 1,350 m² | 17.2 m · 5 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
Similar companies · same sector, comparable size
BELCAPIN
BE 0437.042.408
Gent · Eq €791,259
AHK
BE 0833.885.541
Sint-Martens-Latem · Eq €793,625
EUROPEAN DEVELOPMENT FINANCE INSTITUTIONS
BE 0862.014.254
Brussel · Eq €780,022
HELDER PLAN
BE 0657.861.027
Hasselt · Eq €776,110
MIND - Consult
BE 0671.583.458
Mouscron · Eq €775,606
Of 1,507 companies in sector 66199 we hold annual accounts for 917. 560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@indufin.be