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 6 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
INECO from Sint-Martens-Latem, company number BE0462623385, closed financial year 2025 with a result of € -51,939 after tax. For that financial year INECO recorded a gross margin of € -37,391 and equity of € 212,912. Compared with financial year 2024, the result moved from € -9,304 to € -51,939. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ 212,912
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,939
▼ 458 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,370
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 194,320.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,580
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,101
▼ 24% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 26,704 | € 57,808 | € 20,537 | € -37,391 | ▼ € 57,928 |
| Profit after taxes | € 5,455 | € 18,365 | € -9,304 | € -51,939 | ▼ € 42,635 |
| Equity | € 255,790 | € 274,155 | € 264,851 | € 212,912 | ▼ 20% |
| Total debts | € 60,525 | € 51,048 | € 36,065 | € 38,654 | ▲ 7% |
| Cash | € 38,010 | € 652 | € 5,898 | € 1,370 | ▼ 77% |
| Land & buildings | € 247,894 | € 247,894 | € 247,894 | € 247,894 | |
| Retained profit | € 237,198 | € 255,563 | € 246,259 | € 194,320 | ▼ 21% |
| Bank debt | € 45,000 | € 10,000 | € 0 | € 0 | |
| Balance sheet total | € 316,316 | € 325,203 | € 300,916 | € 251,565 | ▼ 16% |
Key figures of INECO, 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 INECO?
What happened at INECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 51,939. filed late Source: NBB ↗
- Gaëlle VAN HECKE became a director. NBB
- Michel VAN HECKE became a director. NBB
- Lutgarde VAN DEN BERGHE stepped down as director. NBB
- Joris DE VREESE stepped down as director. NBB
- Lutgarde VAN DEN BERGHE became a director. NBB
- Joris DE VREESE became a director. NBB
- New establishment in Gent. KBO
In short
From € 5,455 profit in 2022 to € 51,939 loss in 2025.
Paid € 21,802 in corporate taxes since 2022.
Best year ever: 2023, with € 18,365 profit.
Management
The stake of NV ARAMIS PARTICIPATIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INECOBehind INECO are Gaëlle VAN HECKE and Michel VAN HECKE. The shares are held by NV ARAMIS PARTICIPATIES (100%).
Directors
According to the 2025 annual accounts
Michel VAN HECKE
Director
Also active at: Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon, FPIM International - SFPI Internationaal - SFPIM International, POLITEIA, COFINCO, PINAKES, KEYZER, RLST, ACADEMIC & SCIENTIFIC PUBLISHERS
since 2025
Lutgarde VAN DEN BERGHE
Director
since 2019 · until 2025
Joris DE VREESE
Director
since 2019 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rode Beukendreef 5
9831 Sint-Martens-Latem
Kortrijksesteenweg 1146
9051 Gent
Active since 16 March 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.623.385
- VAT number
- BE 0462.623.385
- Registered office
- Rode Beukendreef 5, 9831 Sint-Martens-Latem
- Names & denominations
- INECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 1998
- Peppol
- Active · Active since 16 Sept 2026
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
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