Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INAGO from Plombières, company number BE0202470177, closed financial year 2025 with a result of € 77,325 after tax. For that financial year INAGO recorded revenue of € 22.8 million and equity of € 11.9 million. Compared with financial year 2024, the result moved from € 246,284 to € 77,325. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 11.9 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,325
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 646,835
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2 million.
People and assets in 2025
337.1
▲ 64.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.1 million
▲ 29% vs 2024
€ 59,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 225,671
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 25.8 million
▲ 44% vs 2024
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1.1 million
▲ 197% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 4.1 million
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,916,510 | € 15,742,400 | € 17,378,491 | € 22,768,566 | ▲ 31% |
| Profit after taxes | € -392,118 | € 1,712,075 | € 246,284 | € 77,325 | ▼ 69% |
| Equity | € 10,210,921 | € 11,539,302 | € 11,418,162 | € 11,882,131 | ▲ 4% |
| Total debts | € 35,534,301 | € 23,554,732 | € 22,387,786 | € 31,676,341 | ▲ 41% |
| Cash | € 133,137 | € 93,880 | € 1,443,909 | € 646,835 | ▼ 55% |
| Land & buildings | € 37,117,312 | € 21,270,464 | € 21,658,169 | € 29,036,267 | ▲ 34% |
| Retained profit | € -4,403 | € 1,707,672 | € 1,953,957 | € 2,031,282 | ▲ 4% |
| Bank debt | € 31,185,444 | € 19,184,440 | € 17,922,055 | € 25,766,053 | ▲ 44% |
| Balance sheet total | € 45,745,222 | € 35,215,200 | € 33,949,333 | € 43,716,516 | ▲ 29% |
| Employees (FTE) | 270.3 | 266.4 | 272.5 | 337.1 | ▲ 64.6 |
Key figures of INAGO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INAGO?
What happened at INAGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,325 (▼ 69% vs 2024). Source: NBB ↗
- CHRISTIAN DUYCKAERTS became a director. NBB
- FREDDY RENIER became a director. NBB
- VERONIQUE CLOSSET became a director. NBB
- VALERIE MEESSEN became a director. NBB
- MARCO REUL became a director. NBB
- FRANCOIS DUMONT became a director. NBB
- MADELEINE SCHMETZ became a director. NBB
In short
From € 392,118 loss in 2022 to € 77,325 profit in 2025.
Best year ever: 2023, with € 1.7 million profit.
Pays suppliers within 90 days on average.
Management
Behind INAGO are CHRISTIAN DUYCKAERTS, FREDDY RENIER, VERONIQUE CLOSSET, VALERIE MEESSEN, MARCO REUL and Evrard CABAY. FREDDY RENIER is also behind FINOST - FINEST, Autonome Gemeinderegie Galmei and KATHLEOS VoG.
Directors
According to the 2025 annual accounts
CHRISTIAN DUYCKAERTS
Director
since 2025
FREDDY RENIER
Vice-chairman of the board
Also active at: FINOST - FINEST, Autonome Gemeinderegie Galmei, KATHLEOS VoG
since 2025
VERONIQUE CLOSSET
Director
since 2025
VALERIE MEESSEN
Director
since 2025
since 2025
Evrard CABAY
Director
since 2019
since 2023
since 2025
Christine CHARLIER
Director
since 2023
Jean-Jacques MOXHET
Director
since 2019 · until 2025
MARCEL STROUGMAYER
Director
since 2019 · until 2025
Davina HOUBBEN
Vice-chairman of the board
since 2022 · until 2025
BENEDICTE LEGER
Chairman of the board
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Rue du Village 77
4850 Plombières
Rue du Hangar 5
4840 Welkenraedt
Active since 1 January 1977
Rue de la Clinique 24 Bus -
4850 Plombières
Active since 1 January 1982
Rue du Calvaire 1
4850 Plombières
Active since 1 March 1977
Rue de la Kan 79
4880 Aubel
Active since 1 January 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0202.470.177
- VAT number
- BE 0202.470.177
- Registered office
- Rue du Village 77, 4850 Plombières
- Names & denominations
- INAGO
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 21 December 1965
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
Rusthuizen voor ouderen (ROB)
Rust- en verzorgingstehuizen (RVT)