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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
INTERNIPPLE from Koekelberg, company number BE0428918261, closed financial year 2025 with a result of € -175 after tax. For that financial year INTERNIPPLE recorded a gross margin of € 8,608 and equity of € 303,582. Compared with financial year 2024, the result moved from € -327 to € -175. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 303,582
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -175
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10,246
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37,272.
Debts at end 2025
€ 337,894
Loans from banks and other lenders, long and short.
€ 12,567
▲ 215% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,715 | € 8,696 | € 8,628 | € 8,608 | |
| Profit after taxes | € -77 | € -1,763 | € -327 | € -175 | ▲ € 151 |
| Equity | € 305,847 | € 304,084 | € 303,757 | € 303,582 | |
| Total debts | € 658,326 | € 650,855 | € 674,315 | € 674,391 | |
| Cash | € 4,200 | € 1,083 | € 22,305 | € 10,246 | ▼ 54% |
| Retained profit | € -35,007 | € -36,770 | € -37,096 | € -37,272 | |
| Bank debt | € 337,894 | € 337,894 | € 337,894 | € 337,894 | |
| Balance sheet total | € 964,173 | € 954,938 | € 978,072 | € 977,973 |
Key figures of INTERNIPPLE, 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 INTERNIPPLE?
What happened at INTERNIPPLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 175. filed late Source: NBB ↗
- Elisabeth WELING became a director. NBB
- René KEUTGEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 77 loss in 2022 to € 175 loss in 2025.
Management
Behind INTERNIPPLE are Elisabeth WELING and René KEUTGEN. It owns 99.9% of VICOTRA itself.
Directors
According to the 2025 annual accounts
since 2011
René KEUTGEN
Managing director
since 2011
Establishments
Establishment units
Physical locations of this company
Jetselaan 32 box 3
1081 Koekelberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →IC
€ 57,391 gross margin · 2025
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€ 15,495 gross margin · 2025
VCE Invest
€ 13,024 gross margin · 2025
SOCIETE EUROPEENNE DE GESTION, D'EXPERTISE ET DE PROMOTION IMMOBILIERE
€ 112,143 gross margin · 2025
SACRE
€ 3.4 million gross margin · 2025
+19 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.918.261
- VAT number
- BE 0428.918.261
- Registered office
- Jetselaan 32 bus 3, 1081 Koekelberg
- Names & denominations
- INTERNIPPLE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 1986
- Peppol
- Not registered
- Activities · NACE
Groothandel in metalen en metaalertsen