Dr. Innovations

Active

Private limited company (pre-2019)founded 20178 yrs activeVrijheidslaan 175, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0685.991.423

The computed 12-month bankruptcy probability of Dr. Innovations is 3.0% (moderate). For Dr. Innovations, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €4k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 13716 sector peers (fiscal year 2021). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2021 are too old to assess current financial health.

Filing: At least two filing cycles are missing

Axes, FY 2021 · tick = 2020

Profitability100▲+100

Solvency65▲+65

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2021

Solvency, return and age of the figures

Solvency

39.6%

Return on assets

78.5%

Age of the figures

57 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Two or more financial years not filed

Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 4 filings

Position against the passed deadline

31-12-2022 close31-07-2023 deadline21-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-07-2022, 3 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

3 d early

2020

10 d early

2019

94 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, micro schema

Equity

€4k

2020 · €-4k

2018: €55 2019: €-128 2020: €-4k

2018 → 2021

Total assets

€11k▼ 14.8%

2020 · €13k

2018: €9k 2019: €6k 2020: €13k

2018 → 2021

Net result

€9k

2020 · €-4k

2018: €-6k 2019: €-184 2020: €-4k

2018 → 2021

Working capital

€143

2020 · €-10k

2018: €55 2019: €-128 2020: €-10k

2018 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2018201920202021Trend

Equity€55-€-128€-4k▼ 3,243%€4k

Operating result€-6k-€171€-4k€9k

Net result€-6k-€-184▲ 97.0%€-4k▼ 2,166%€9k

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 2021: €9k after a loss of €4k in 2020, the highest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €11k

38.3%

61.7%

Fixed assets €4k▼ 25.0%

Current assets €7k▼ 6.9%

Equity and liabilities €11k

39.6%

60.4%

Equity €4k

Debt €7k

Debt finances 60.4% of the balance-sheet total.

Key figures and ratios

2021 value · change against 2020

EBITDA

€10k▲

2020 · €-3k

Cash flow

€10k▲

2020 · €-3k

Solvency

39.6%▲

2020 · -33.2%

Current ratio

1.02▲

2020 · 0.42

Quick ratio

0.42▲

2020 · 0.19

Debt / equity

1.53

ROE

198.5%

ROA

78.5%▲

2020 · -32.2%

Interest coverage

69.55

Debt

€7k▼

2020 · €17k

Debt ≤ 1 year

€7k▼

2020 · €17k

Staff costs

€1k

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 · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€13k€11k▼

Fixed assets21/28€6k€4k▼

Tangible fixed assets22/27€6k€4k▼

Furniture and vehicles24-€4k

Current assets29/58€7k€7k▼

Stocks and contracts in progress3€4k€4k=

Stocks30/36-€4k

Amounts receivable within one year40/41€3k€3k▼

Other amounts receivable41-€3k

Cash at bank and in hand54/58€76€66▼

Equity and liabilities

Total equity and liabilities10/49€13k€11k▼

Equity10/15€-4k€4k▲

Contributions10/11-€6k

Profit (loss) carried forward14€-10k€-2k▲

Amounts payable17/49€17k€7k▼

Amounts payable within one year42/48€17k€7k▼

Trade debts44€1k€118▼

Suppliers440/4-€118

Other amounts payable47/48-€7k

Income statement Code20202021

Remuneration, social security and pensions62-€1k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=

Other operating charges640/8-€456

Gross operating margin9900€-2k€12k▲

Operating profit (loss)9901€-4k€9k▲

Financial income75/76B-€10

Recurring financial income75-€10

Financial charges65/66B-€147

Recurring financial charges65€247€147▼

Profit (loss) for the period before taxes9903€-4k€9k▲

Profit (loss) for the period9904€-4k€9k▲

Profit (loss) for the period to be appropriated9905€-4k€9k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€-2k

Profit (loss) brought forward from the previous period14P-€-10k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2022

28-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €9k

Net result €9k after 3 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.02

Current ratio from 0.42 to 1.02; short-term debt falls from €17k to €7k.

21-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 94 days late

2019

10-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

16-12-2025 Al Shawwaf Ahmed Khalil M: Resigned as Director

16-12-2025 Yaghi Hatem: Resigned as Director

06-01-2025 Lubbad Ihab: Resigned as Director

25-11-2021 Lubbad Ihab: Resigned as Director

31-12-2020 El Baoudi Abdessadik: Resigned as Director

Location & real-estate footprint

Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Vrijheidslaan 1751080 Sint-Jans-Molenbeek

Ground area