Belgian Innovation Group
ActiveBelgian Innovation Group has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-11
Solvency75▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 1.37 in 2023; short-term debt: 49.9% and cash: 18.7% of total assets), and 49.9% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
50.1%
Return on assets
16.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €43k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
137 d late
2023
61 d late
2022
32 d late
2021
11 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€43k▲ 48.9%
2023 · €29k
2018: €-3k
2019: €19k
2020: €29k
2021: €15k
2022: €15k
2023: €29k
2018 → 2024
Total assets
€87k▼ 2.9%
2023 · €89k
2018: €46k
2019: €63k
2020: €62k
2021: €57k
2022: €85k
2023: €89k
2018 → 2024
Net result
€14k▼ 58.4%
2023 · €34k
2018: €-9k
2019: €22k
2020: €10k
2021: €-13k
2022: €-646
2023: €34k
2018 → 2024
Working capital
€36k▲ 70.5%
2023 · €21k
2018: €-14k
2019: €11k
2020: €23k
2021: €10k
2022: €10k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€15k▼ 45.9%€15k▼ 4.2%€29k▲ 96.9%€43k▲ 48.9%
Operating result€16k-€-10k€883€42k▲ 4,627%€24k▼ 42.4%
Net result€10k-€-13k€-646▲ 95.1%€34k€14k▼ 58.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87k
Fixed assets
€8k▼ 37.0%
Current assets
€79k▲ 2.7%
Equity and liabilities €87k
Equity
€43k▲ 48.9%
Debt
€43k▼ 28.0%
The debt ratio falls from 67.3% to 49.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2023 · €46k
Cash flow
€19k▼
2023 · €39k
Solvency
50.1%▲
2023 · 32.7%
Current ratio
1.82▲
2023 · 1.37
Quick ratio
1.81▲
2023 · 1.35
Debt / equity
1.00▼
2023 · 2.06
ROE
32.8%▼
2023 · 117.7%
ROA
16.5%▼
2023 · 38.4%
Interest coverage
6.01▼
2023 · 24.37
Debt
€43k▼
2023 · €60k
Debt ≤ 1 year
€43k▼
2023 · €56k
Income taxes
€7k▼
2023 · €7k
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€89k€87k▼
Fixed assets21/28€13k€8k▼
Tangible fixed assets22/27€13k€8k▼
Furniture and vehicles24€13k€8k▼
Current assets29/58€77k€79k▲
Amounts receivable after more than one year29€22k€22k=
Other amounts receivable291€22k€22k=
Stocks and contracts in progress3€1k€500▼
Stocks30/36€1k€500▼
Amounts receivable within one year40/41€46k€40k▼
Trade receivables40€9k€12k▲
Other amounts receivable41€37k€28k▼
Cash at bank and in hand54/58€7k€16k▲
Deferred charges and accrued income490/1€1k€558▼
Equity and liabilities
Total equity and liabilities10/49€89k€87k▼
Equity10/15€29k€43k▲
Contributions10/11€7k€7k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14-€14k
Amounts payable17/49€60k€43k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€56k€43k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€10k€25k▲
Suppliers440/4€10k€25k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€11k€14k▲
Other amounts payable47/48€32k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€47k€33k▼
Operating profit (loss)9901€42k€24k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€41k€21k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€34k€14k▼
Profit (loss) for the period to be appropriated9905€34k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€14k▼
Profit (loss) brought forward from the previous period14P€6k-
Transfer from equity791/2€2k-
Transfer to equity691/2€23k-
To other reserves6921€23k-
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€12k-
Directors or managers695€8k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 137 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-13k ▼233%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Bekkevoort · 1 establishment unit since 2000
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.
Watermanstraat 23461 BekkevoortGround area
1,242 m²
Building footprint
154 m²
Volume, LiDAR
668 m³
Parcel 24072A0091/00D000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Big Project
since 20002.099.732.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24072A0091/00D000 | Flanders | 1,242 m² | 1 · 154 m² | 7.6 m · 1 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.
Similar companies · same sector, comparable size
Electrical Panel Service
BE 1013.264.077
Balen · Eq €43k
TARGET DISTRIBUTION
BE 0824.873.548
Aalst · Eq €43k
BORRE TECHNICS
BE 0668.370.283
Bekkevoort · Eq €44k
PASCAL DEFERME
BE 0841.195.183
Heusden-Zolder · Eq €44k
EGS TECHNIC
BE 0742.981.990
Ganshoren · Eq €44k
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-2000
Fiscal year end31-12
Activities, NACEBEL
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.