Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7 to 5.1.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
INKCOMING from La Hulpe, company number BE0729562833, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year INKCOMING recorded a gross margin of € -711,625 and equity of € 263,985. Compared with financial year 2024, the result moved from € -1.3 million to € -1.5 million. The company made a loss. The buffer shrank hard: equity is 82 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 263,985
▼ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 95,413
▲ € 95,211 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
People and assets in 2025
5.1
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 310,970
▼ 26% vs 2024
€ 61,000 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.
€ 3,169
▼ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ 107% vs 2024
€ 159,283 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 218,643
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,622
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -181,951 | € -554,550 | € -395,422 | € -711,625 | ▼ € 316,203 |
| Profit after taxes | € -628,837 | € -1,394,325 | € -1,346,161 | € -1,473,979 | ▼ € 127,818 |
| Equity | € 894,241 | € 1,050,438 | € 1,500,514 | € 263,985 | ▼ 82% |
| Total debts | € 1,027,667 | € 2,211,085 | € 2,122,914 | € 3,484,827 | ▲ 64% |
| Cash | € 1,673 | € 71,630 | € 202 | € 95,413 | ▲ € 95,211 |
| Retained profit | € -1,296,582 | € -2,690,907 | € -1,037,068 | € -2,511,047 | ▼ € 1.5 million |
| Bank debt | € 494,574 | € 1,462,684 | € 1,488,372 | € 3,076,402 | ▲ 107% |
| Balance sheet total | € 1,921,908 | € 3,261,523 | € 3,623,427 | € 3,748,812 | ▲ 3% |
| Employees (FTE) | - | 7 | 6.4 | 5.1 | ▼ 1.3 |
Key figures of INKCOMING, 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 INKCOMING?
What happened at INKCOMING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. filed late Source: NBB ↗
- Ievgenii Zaitsev became a director. NBB
- Maksym Kuprashvili became a director. NBB
- NOSHAQ PARTNERS SRL stepped down as director. NBB
- Halabi Marwane stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- SCALE II SA stepped down as director. NBB
- TRENDS MASTER SRL stepped down as director. NBB
In short
From € 628,837 loss in 2022 to € 1.5 million loss in 2025.
A new publication or filing at INKCOMING? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SCALE II, B2START, SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON, MARVEST FACTORY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INKCOMINGBehind INKCOMING are Ievgenii Zaitsev and Maksym Kuprashvili. The shares are held by SCALE II (7.1%), B2START (5.5%), SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON (2.6%) and MARVEST FACTORY.
Directors
According to the 2025 annual accounts
Ievgenii Zaitsev
Director
since 2025
Maksym Kuprashvili
Director
since 2025
Director · represented by Bertrand Joret
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2023 · until 2025
Halabi Marwane
Director
since 2024 · until 2025
Director · represented by Laurence Janssen
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2021 · until 2025
Director · represented by Van Der Elst Gauthier
Also active at: REGENERATION, KAPCARE, MOONBIRD
since 2023 · until 2025
Director · represented by Demeuse Mathieu
since 2025 · until 2025
Antoine BOUDOUX
Director
since 2025 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Reine Astrid 92
1310 La Hulpe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
All companies at this address →ATENOR TOOLS COMPANY
€ 10,500 revenue · 2025
Immobilière de la Petite Ile
€ 58.7 million revenue · 2025
ATENOR
€ 6.2 million revenue · 2025
FIMMAC
€ -8,265 gross margin · 2025
SOCIETE D'INVESTISSEMENTS, DE GESTION ET D'ORGANISATION
€ 62,322 gross margin · 2023
+75 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
- 0729.562.833
- VAT number
- BE 0729.562.833
- Registered office
- Avenue Reine Astrid 92, 1310 La Hulpe
- Names & denominations
- INKCOMING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2019
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van webportalen
Webportalen
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