iN2POWER
ActiveSummary
iN2POWER has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €381k and a net result of €-50k. Equity is shrinking by ~18.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 49% of 563 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+11
Solvency70▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.75 in 2023; short-term debt: 55.5% and cash: 6.4% of total assets), and 55.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
44.5%
Return on assets
-5.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-50k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
34 d early
2022
25 d early
2021
26 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-50k▲ 85.5%
2023 · €-346k
2018: €-675k
2019: €-321k▲ +52.5% vs 2018
2020: €-276k▲ +13.9% vs 2019
2021: €-1.76M▼ -535% vs 2020lowest in 7 years
2022: €-365k▲ +79.2% vs 2021
2023: €-346k▲ +5.1% vs 2022
2024: €-50k▲ +85.5% vs 2023highest in 7 years
2018 → 2024
Working capital
€126k
2023 · €-114k
2018: €372khighest in 7 years
2019: €-163k▼ -144% vs 2018
2020: €-472k▼ -189% vs 2019lowest in 7 years
2021: €-260k▲ +44.9% vs 2020
2022: €-408k▼ -56.9% vs 2021
2023: €-114k▲ +72.0% vs 2022
2024: €126k▲ +211% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€810k-€-945k€-1.31M▼ 38.6%€431k€381k▼ 11.6%
2020: €810khighest in 5 years
2021: €-945k▼ -217% vs 2020
2022: €-1.31M▼ -38.6% vs 2021lowest in 5 years
2023: €431k▲ +133% vs 2022
2024: €381k▼ -11.6% vs 2023
Operating result€-227k-€-1.68M▼ 638%€-310k▲ 81.5%€-304k▲ 2.0%€-46k▲ 84.8%
2020: €-227k
2021: €-1.68M▼ -638% vs 2020lowest in 5 years
2022: €-310k▲ +81.5% vs 2021
2023: €-304k▲ +2.0% vs 2022
2024: €-46k▲ +84.8% vs 2023highest in 5 years
Net result€-276k-€-1.76M▼ 535%€-365k▲ 79.2%€-346k▲ 5.1%€-50k▲ 85.5%
2020: €-276k
2021: €-1.76M▼ -535% vs 2020lowest in 5 years
2022: €-365k▲ +79.2% vs 2021
2023: €-346k▲ +5.1% vs 2022
2024: €-50k▲ +85.5% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2024 against €304k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €855k
Fixed assets
€255k ▼ 53.3%
Current assets
€601k ▲ 74.7%
Equity and liabilities €855k
Equity
€381k ▼ 11.6%
Debt
€474k ▲ 3.6%
Debt's share of the balance-sheet total rises from 51.5% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€254k▼
2023 · €336k
Cash flow
€250k▼
2023 · €294k
Current ratio
1.27▲
2023 · 0.75
Quick ratio
1.25▲
2023 · 0.75
Debt to equity
1.25▲
2023 · 1.06
ROE
-13.2%▲
2023 · -80.2%
ROA
-5.9%▲
2023 · -38.9%
Interest coverage
233.64▲
2023 · 7.61
Debt ≤ 1 year
€474k▲
2023 · €458k
Income taxes
€3k▲
2023 · €1k
Staff costs
€457k▲
2023 · €434k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€889k€855k▼
Fixed assets21/28€545k€255k▼
Intangible fixed assets21€525k€235k▼
Tangible fixed assets22/27€20k€19k▼
Plant, machinery and equipment23€11k€16k▲
Furniture and vehicles24€9k€3k▼
Current assets29/58€344k€601k▲
Stocks and contracts in progress3€974€7k▲
Stocks30/36€974€7k▲
Amounts receivable within one year40/41€97k€534k▲
Trade receivables40€94k€520k▲
Other amounts receivable41€4k€15k▲
Cash at bank and in hand54/58€240k€54k▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€889k€855k▼
Equity10/15€431k€381k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€277k€277k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€275k€275k=
Profit (loss) carried forward14€-346k€-396k▼
Amounts payable17/49€458k€474k▲
Amounts payable within one year42/48€458k€474k▲
Trade debts44€356k€304k▼
Suppliers440/4€356k€304k▼
Advances received on contracts in progress46-€70k
Taxes, remuneration and social security45€102k€101k▼
Taxes450/3€19k€19k▲
Remuneration and social security454/9€83k€81k▼
Income statement
Code20232024
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€434k€457k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€640k€300k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-36k€-517▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€735k€713k▼
Operating profit (loss)9901€-304k€-46k▲
Financial income75/76B€4k€9▼
Recurring financial income75€4k€9▼
Financial charges65/66B€44k€1k▼
Recurring financial charges65€44k€1k▼
Profit (loss) for the period before taxes9903€-345k€-47k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-346k€-50k▲
Profit (loss) for the period to be appropriated9905€-346k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.77M€-396k▲
Profit (loss) brought forward from the previous period14P€-3.42M€-346k▲
Transfer from equity791/2€3.42M-
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €226k | - | €8k | - |
| Remuneration, social security and pensions62 | - | €371k | €396k | €434k | €457k | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €545k | €640k | €648k | €640k | €300k | ▼ 53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €120k | €-69k | €-36k | €-517 | ▲ 98.6% |
| Other operating charges640/8 | - | €5k | €3k | €2k | €2k | ▼ 1.0% |
| Non-recurring operating charges66A | - | - | €230k | - | - | - |
| Gross operating margin9900 | €560k | €-543k | €897k | €735k | €713k | ▼ 3.0% |
| Operating profit (loss)9901 | €-227k | €-1.68M | €-310k | €-304k | €-46k | ▲ 84.8% |
| Financial income75/76B | - | €7k | €22k | €4k | €9 | ▼ 99.8% |
| Recurring financial income75 | €10k | €7k | €22k | €4k | €9 | ▼ 99.8% |
| Financial charges65/66B | - | €82k | €76k | €44k | €1k | ▼ 97.5% |
| Recurring financial charges65 | €60k | €82k | €76k | €44k | €1k | ▼ 97.5% |
| Profit (loss) for the period before taxes9903 | €-277k | €-1.75M | €-365k | €-345k | €-47k | ▲ 86.3% |
| Income taxes67/77 | €-408 | €1k | - | €1k | €3k | ▲ 169% |
| Profit (loss) for the period9904 | €-276k | €-1.76M | €-365k | €-346k | €-50k | ▲ 85.5% |
| Profit (loss) for the period to be appropriated9905 | €-276k | €-1.76M | €-365k | €-346k | €-50k | ▲ 85.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.73M | €3.69M | €2.81M | €889k | €855k | ▼ 3.8% |
| Formation expenses20 | €3k | €1k | €331 | - | - | - |
| Fixed assets21/28 | €1.96M | €1.75M | €1.18M | €545k | €255k | ▼ 53.3% |
| Intangible fixed assets21 | €1.83M | €1.68M | €1.15M | €525k | €235k | ▼ 55.2% |
| Tangible fixed assets22/27 | €129k | €71k | €35k | €20k | €19k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €20k | €16k | €11k | €16k | ▲ 48.7% |
| Furniture and vehicles24 | - | €44k | €18k | €9k | €3k | ▼ 65.2% |
| Leasing and similar rights25 | - | €8k | - | - | - | - |
| Current assets29/58 | €762k | €1.94M | €1.62M | €344k | €601k | ▲ 74.7% |
| Stocks and contracts in progress3 | €511k | €995k | €1.05M | €974 | €7k | ▲ 663% |
| Stocks30/36 | - | €995k | €1.05M | €974 | €7k | ▲ 663% |
| Amounts receivable within one year40/41 | €147k | €741k | €443k | €97k | €534k | ▲ 449% |
| Trade receivables40 | - | €677k | €395k | €94k | €520k | ▲ 456% |
| Other amounts receivable41 | - | €65k | €48k | €4k | €15k | ▲ 280% |
| Cash at bank and in hand54/58 | €56k | €197k | €125k | €240k | €54k | ▼ 77.4% |
| Deferred charges and accrued income490/1 | - | €9k | €9k | €5k | €5k | ▼ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.73M | €3.69M | €2.81M | €889k | €855k | ▼ 3.8% |
| Equity10/15 | €810k | €-945k | €-1.31M | €431k | €381k | ▼ 11.6% |
| Contributions10/11 | €2.11M | €2.11M | €2.11M | €500k | €500k | = |
| Capital10 | - | €2.11M | €2.11M | €500k | €500k | = |
| Issued capital100 | - | €2.11M | €2.11M | €500k | €500k | = |
| Reserves13 | €2k | €2k | €2k | €277k | €277k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €275k | €275k | = |
| Profit (loss) carried forward14 | €-1.30M | €-3.06M | €-3.42M | €-346k | €-396k | ▼ 14.5% |
| Amounts payable17/49 | €1.92M | €4.64M | €4.12M | €458k | €474k | ▲ 3.6% |
| Amounts payable after more than one year17 | €670k | €2.42M | €2.09M | - | - | - |
| Financial debts170/4 | - | €2.42M | €2.09M | - | - | - |
| Amounts payable within one year42/48 | €1.23M | €2.20M | €2.03M | €458k | €474k | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €17k | €140k | - | - | - |
| Financial debts43 | - | €3k | - | - | - | - |
| Credit institutions430/8 | - | €3k | - | - | - | - |
| Trade debts44 | €962k | €1.16M | €1.06M | €356k | €304k | ▼ 14.6% |
| Suppliers440/4 | - | €1.16M | €1.06M | €356k | €304k | ▼ 14.6% |
| Advances received on contracts in progress46 | - | €887k | €715k | - | €70k | - |
| Taxes, remuneration and social security45 | - | €105k | €91k | €102k | €101k | ▼ 1.4% |
| Taxes450/3 | - | €26k | €17k | €19k | €19k | ▲ 0.4% |
| Remuneration and social security454/9 | - | €79k | €73k | €83k | €81k | ▼ 1.9% |
| Other amounts payable47/48 | - | €29k | €29k | - | - | - |
| Accrued charges and deferred income492/3 | - | €11k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-276k | €-1.76M | €-365k | €-346k | €-50k | ▲ 85.5% |
| + Depreciation and write-downs630 | €545k | €640k | €648k | €640k | €300k | ▼ 53.1% |
| Operating cash flow (approximation) | €269k | €-1.12M | €283k | €294k | €250k | ▼ 15.0% |
| Investment in fixed assets (approximation) | - | €-425k | €-84k | €-331 | €-10k | ▼ 2,781% |
| Change in cash | - | €141k | €-72k | €116k | €-186k | ▼ 261% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €431k
Equity rises from €-1.31M to €431k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-1.76M
Net result drops to €-1.76M, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-07
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.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Evergem · 1 establishment unit since 2000
Ground area
5,742 m²
Building footprint
1,801 m²
Volume, LiDAR
9,013 m³
Parcel 44019B0647/00P000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
iN2POWER
since 20002.097.277.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0647/00P000 | Flanders | 5,742 m² | 1 · 1,801 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
OLEMCA
BE 0698.996.747
Geraardsbergen · Eq €381,035
ZIROX
BE 0801.468.537
Oostkamp · Eq €380,430
Jean-Pierre Detailleur
BE 0819.381.170
Haacht · Eq €380,114
DD & T
BE 0480.080.714
Wevelgem · Eq €381,819
FIWAPHI
BE 0538.757.893
Gingelom · Eq €378,089
Of 4,564 companies in sector 74999 we hold annual accounts for 1,936. 1,300 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
71121Engineering and related technical consultancy, excluding land surveyors
78200Temporary employment agencies and other provision of personnel
Contact
Website
www.in2power.beEvergem
E-mail
info@in2power.beEvergem
Scores and ratios are computed by Checked and are not a credit decision.