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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INCA from Turnhout, company number BE0453295054, closed financial year 2025 with a result of € 5,254 after tax. For that financial year INCA recorded a gross margin of € 72,596 and equity of € 228,123. Compared with financial year 2024, the result moved from € 4,968 to € 5,254. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 17, 2026.
€ 228,123
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,254
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 47,391
▼ 20% 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 € 209,523.
People and assets in 2025
0.7
Average over the fiscal year, from the social balance sheet.
€ 33,756
▲ 133% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,482
▲ € 11,295 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52,181
▼ 14% vs 2024
€ 8,605 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1,820
▲ € 1,577 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,014
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,158 | € 54,276 | € 47,350 | € 72,596 | ▲ 53% |
| Profit after taxes | € 15,292 | € 55,451 | € 4,968 | € 5,254 | ▲ 6% |
| Equity | € 297,310 | € 314,116 | € 222,869 | € 228,123 | ▲ 2% |
| Total debts | € 503,907 | € 96,464 | € 221,375 | € 129,187 | ▼ 42% |
| Cash | € 56,615 | € 98,326 | € 59,213 | € 47,391 | ▼ 20% |
| Land & buildings | € 138,978 | € 122,258 | € 105,645 | € 89,031 | ▼ 16% |
| Retained profit | € 278,710 | € 295,516 | € 204,269 | € 209,523 | ▲ 3% |
| Dividend | € 27,283 | € 38,645 | € 96,215 | € 0 | ▼ 100% |
| Bank debt | € 470,190 | € 68,986 | € 60,650 | € 52,181 | ▼ 14% |
| Balance sheet total | € 801,217 | € 410,581 | € 444,244 | € 357,309 | ▼ 20% |
| Employees (FTE) | - | - | - | 0.7 |
Key figures of INCA, 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 INCA?
What happened at INCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,254 (▲ 6% vs 2024). Source: NBB ↗
- New establishment in Turnhout. KBO
- Carl Bruyninckx became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,292 profit in 2022 to € 5,254 profit in 2025.
Paid € 25,508 in corporate taxes since 2022.
Best year ever: 2023, with € 55,451 profit.
Paid out € 162,143 in dividends to the owners in total.
Management
Behind INCA is Carl Bruyninckx. It owns 33.3% of Asafran Estates and 16.7% of Silc Estates itself.
Directors
According to the 2025 annual accounts
since 1994
Establishments
Establishment units
Physical locations of this company
Rubensstraat 147
2300 Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.295.054
- VAT number
- BE 0453.295.054
- Registered office
- Rubensstraat 147, 2300 Turnhout
- Names & denominations
- INCA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1994
- Peppol
- Active · Active since 1 Apr 2025
- Activities · NACE
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