AB INNOVATION
ActiveAB INNOVATION has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-952) and a net result of €-2k. Equity is shrinking by ~217.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▲+8
Solvency25▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.19 against 1.46 in 2023; short-term debt: 79.1% and cash: 0.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.3%
Return on assets
-0.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-952
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
67 d late
2022
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-952
2023 · €1k
2022: €4k
2023: €1k
2022 → 2024
Total assets
€283k▲ 42.0%
2023 · €199k
2022: €97k
2023: €199k
2022 → 2024
Net result
€-2k▲ 27.3%
2023 · €-3k
2022: €19
2023: €-3k
2022 → 2024
Working capital
€42k▼ 32.0%
2023 · €61k
2022: €72k
2023: €61k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€4k-€1k▼ 71.6%€-952
Operating result€1k-€-513€154
Net result€19-€-3k€-2k▲ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €154 after a loss of €513 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €283k
Fixed assets
€17k▲ 230%
Current assets
€265k▲ 36.8%
Key figures and ratios
EBITDA
€3k▲
2023 · €874
Cash flow
€562▲
2023 · €-1k
Solvency
-0.3%▼
2023 · 0.6%
Current ratio
1.19▼
2023 · 1.46
Quick ratio
0.01▼
2023 · 0.06
ROA
-0.7%▲
2023 · -1.4%
Interest coverage
1.25▲
2023 · 0.37
Debt
€284k▲
2023 · €198k
Debt ≤ 1 year
€223k▲
2023 · €132k
Debt > 1 year
€60k▼
2023 · €66k
Income taxes
€4
Equity ratios withheld: equity of €-952 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€199k€283k▲
Fixed assets21/28€5k€17k▲
Tangible fixed assets22/27€5k€17k▲
Plant, machinery and equipment23€4k€17k▲
Furniture and vehicles24€2k€925▼
Current assets29/58€194k€265k▲
Stocks and contracts in progress3€186k€264k▲
Stocks30/36€186k€264k▲
Amounts receivable within one year40/41€4k€895▼
Trade receivables40-€895
Other amounts receivable41€4k-
Cash at bank and in hand54/58€4k€645▼
Equity and liabilities
Total equity and liabilities10/49€199k€283k▲
Equity10/15€1k€-952▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-3k€-5k▼
Amounts payable17/49€198k€284k▲
Amounts payable after more than one year17€66k€60k▼
Financial debts170/4€66k€60k▼
Amounts payable within one year42/48€132k€223k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€805€2k▲
Suppliers440/4€805€2k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€126k€210k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€109€3k▲
Gross operating margin9900€983€6k▲
Operating profit (loss)9901€-513€154▲
Financial income75/76B€0€9▲
Recurring financial income75€0€9▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-3k€-2k▲
Income taxes67/77-€4
Profit (loss) for the period9904€-3k€-2k▲
Profit (loss) for the period to be appropriated9905€-3k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-5k▼
Profit (loss) brought forward from the previous period14P€19€-3k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼15476%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boskant 632275 LilleGround area
1,138 m²
Building footprint
146 m²
Volume, LiDAR
828 m³
Parcel 13019E0182/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AB INNOVATION
since 20212.323.584.817
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019E0182/00C000 | Flanders | 1,138 m² | 1 · 146 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Bovanco
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DGC Projects
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VDD PROJECTS
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Stone2Home
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43342Specialised construction activities
43421Specialised construction activities
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.