Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INCENDIN from Willebroek, company number BE0506792732, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year INCENDIN recorded revenue of € 1.1 million and equity of € 16.4 million. Compared with financial year 2024, the result moved from € 6.4 million to € 1.9 million. The company is profitable. 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 July 1, 2026.
€ 16.4 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ 86% 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 € 8.1 million.
People and assets in 2025
9.8
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 13% vs 2024
€ 124,500 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.
€ 184,238
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.8 million
▼ 20% vs 2024
€ 5.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 664,614
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 127 days on average.
€ 484,330
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,080,000 | € 1,080,000 | € 1,080,000 | € 1,080,000 | |
| Profit after taxes | € -492,880 | € -1,957,003 | € 6,413,809 | € 1,867,207 | ▼ 71% |
| Equity | € 10,034,075 | € 8,077,072 | € 14,490,881 | € 16,358,088 | ▲ 13% |
| Total debts | € 37,132,363 | € 43,833,535 | € 49,581,723 | € 28,748,511 | ▼ 42% |
| Cash | € 877,219 | € 9,208,254 | € 1,580,871 | € 2,940,082 | ▲ 86% |
| Retained profit | € 1,811,027 | € -145,976 | € 6,267,833 | € 8,135,040 | ▲ 30% |
| Bank debt | € 6,545,663 | € 31,480,000 | € 26,140,000 | € 20,800,000 | ▼ 20% |
| Balance sheet total | € 47,166,437 | € 51,910,607 | € 64,172,604 | € 45,206,599 | ▼ 30% |
| Employees (FTE) | 1 | 1.4 | 9.9 | 9.8 | ▼ 0.1 |
Key figures of INCENDIN, 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 INCENDIN?
What happened at INCENDIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Van Gyseghem stepped down as director. NBB
- Sara Van der Heyden stepped down as director. NBB
- Nicolas De Quinnemar stepped down as director. NBB
- Pieter Daeseleire stepped down as director. NBB
- Erik Van Den Eynden stepped down as director. NBB
- Maarten Peers stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 71% vs 2024). Source: NBB ↗
- Sara Van der Heyden became a director. NBB
In short
From € 492,880 loss in 2022 to € 1.9 million profit in 2025.
Paid € 39,557 in corporate taxes since 2022.
Best year ever: 2024, with € 6.4 million profit.
Pays suppliers within 127 days on average.
Management
The stake of INCENDIN GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INCENDINThe shares are held by INCENDIN GROUP (92.7%). It owns 100% of Burnguard, 100% of Ecochem International NV, 100% of Rühl Feuerlöschmittel-HRB4956, 100% of Uniteq, 100% of Prophos Chemicals S.r.l and 100% of Firespray International-03227176 itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2027
Sara Van der Heyden
Director
Also active at: DE SANT, PEVEHA Consultants, ECOCHEM INTERNATIONAL, Orchidee Europe, ORCHIDEE FIREFIGHTING, SAVANA, Polychimique
since 2023 · until 2027
Nicolas De Quinnemar
Director
Also active at: PATIGNY, CINQO, FORUM JOBS, ATHMOS CAPITAL, STRACO REAL ESTATE, ForPar, 3SAG, SJEVAL BLAN +16 more
since 2022 · until 2027
since 2022 · until 2027
Erik Van Den Eynden
Director
Also active at: NEDCO, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, HANSIMMO, ODEBRECHT +30 more
since 2022 · until 2027
Maarten Peers
Director
Also active at: PATIGNY, FORUM JOBS, PEATINVEST, Heinbroeck, ForPar, Myco-invest, SEQUOIA GM, CEDO GROUP +2 more
since 2022 · until 2027
Shareholders
92.7%
Participations
100%
100%
Prophos Chemicals S.r.l
100%
Establishments
Establishment units
Physical locations of this company
Brielen 2
2830 Willebroek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →ECOCHEM INTERNATIONAL same network
€ 55.5 million revenue · 2025
Burnguard same network
€ 28.1 million revenue · 2025
BRIELEN FIRE FIGHTERS
OCEAN MIDCO
OCEAN BIDCO
+1 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
- 0506.792.732
- VAT number
- BE 0506.792.732
- Registered office
- Brielen 2, 2830 Willebroek
- Names & denominations
- INCENDIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2014
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings