INARTI
ActiveINARTI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.90M and a net result of €37k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 126 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-10
Solvency63=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.26 in 2024; short-term debt: 60.3% and cash: 3.7% of total assets), and 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.5%
Return on assets
0.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
33 d late
2023
10 d late
2022
8 d late
2021
3 d late
2020
39 d early
2019
95 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.90M▲ 2.0%
2024 · €1.86M
2018: €544k
2019: €592k
2020: €668k
2021: €934k
2022: €1.26M
2023: €1.53M
2024: €1.86M
2018 → 2025
Total assets
€4.94M▲ 0.8%
2024 · €4.90M
2018: €3.49M
2019: €3.24M
2020: €2.98M
2021: €4.98M
2022: €4.27M
2023: €4.85M
2024: €4.90M
2018 → 2025
Net result
€37k▼ 89.2%
2024 · €346k
2018: €18k
2019: €48k
2020: €78k
2021: €266k
2022: €331k
2023: €261k
2024: €346k
2018 → 2025
Working capital
€405k▼ 41.1%
2024 · €687k
2018: €-753k
2019: €-748k
2020: €-704k
2021: €-542k
2022: €-174k
2023: €198k
2024: €687k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€934k-€1.26M▲ 35.4%€1.53M▲ 20.7%€1.86M▲ 22.1%€1.90M▲ 2.0%
Operating result€508k-€821k▲ 61.5%€471k▼ 42.7%€620k▲ 31.7%€268k▼ 56.8%
Net result€266k-€331k▲ 24.2%€261k▼ 21.0%€346k▲ 32.6%€37k▼ 89.2%
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 2025; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.94M
Fixed assets
€1.56M▲ 2.0%
Current assets
€3.38M▲ 0.3%
Equity and liabilities €4.94M
Equity
€1.90M▲ 2.0%
Debt
€3.04M▲ 0.1%
The debt ratio falls from 62.0% to 61.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€388k▼
2024 · €751k
Cash flow
€157k▼
2024 · €478k
Solvency
38.5%▲
2024 · 38.0%
Current ratio
1.14▼
2024 · 1.26
Quick ratio
0.61▲
2024 · 0.61
Debt / equity
1.60▼
2024 · 1.63
ROE
2.0%▼
2024 · 18.6%
ROA
0.8%▼
2024 · 7.1%
Interest coverage
1.85▼
2024 · 2.10
Debt
€3.04M▲
2024 · €3.04M
Debt ≤ 1 year
€2.98M▲
2024 · €2.69M
Debt > 1 year
€40k▼
2024 · €329k
Income taxes
€21k▼
2024 · €165k
Staff costs
€2.65M▲
2024 · €2.43M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.90M€4.94M▲
Fixed assets21/28€1.53M€1.56M▲
Intangible fixed assets21-€7k
Tangible fixed assets22/27€1.53M€1.55M▲
Land and buildings22€1.39M€1.34M▼
Plant, machinery and equipment23€80k€133k▲
Furniture and vehicles24€55k€52k▼
Leasing and similar rights25-€29k
Financial fixed assets28€775€775=
Current assets29/58€3.37M€3.38M▲
Stocks and contracts in progress3€1.75M€1.55M▼
Stocks30/36€1.75M€774k▼
Contracts in progress37-€781k
Amounts receivable within one year40/41€1.55M€1.61M▲
Trade receivables40€1.55M€1.58M▲
Other amounts receivable41€778€30k▲
Cash at bank and in hand54/58€76k€183k▲
Deferred charges and accrued income490/1-€35k
Equity and liabilities
Total equity and liabilities10/49€4.90M€4.94M▲
Equity10/15€1.86M€1.90M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€175k€175k=
Reserves13€307k€307k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€187k€187k=
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€1.32M€1.36M▲
Amounts payable17/49€3.04M€3.04M▲
Amounts payable after more than one year17€329k€40k▼
Financial debts170/4€329k€40k▼
Amounts payable within one year42/48€2.69M€2.98M▲
Current portion of amounts payable after more than one year42€67k€12k▼
Financial debts43€1.03M€1.45M▲
Credit institutions430/8€1.03M€1.45M▲
Trade debts44€920k€744k▼
Suppliers440/4€920k€744k▼
Taxes, remuneration and social security45€589k€554k▼
Taxes450/3€311k€57k▼
Remuneration and social security454/9€277k€498k▲
Other amounts payable47/48€78k€218k▲
Accrued charges and deferred income492/3€24k€24k▼
Income statement
Code20242025
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€2.43M€2.65M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€120k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€40k€36k▼
Non-recurring operating charges66A-€16k
Gross operating margin9900€3.22M€3.10M▼
Operating profit (loss)9901€620k€268k▼
Financial income75/76B€249k€0▼
Recurring financial income75€5€0▼
Non-recurring financial income76B€249k-
Financial charges65/66B€357k€209k▼
Recurring financial charges65€357k€209k▼
Profit (loss) for the period before taxes9903€511k€59k▼
Income taxes67/77€165k€21k▼
Profit (loss) for the period9904€346k€37k▼
Transfer to tax-exempt reserves689€101k€0▼
Profit (loss) for the period to be appropriated9905€245k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.32M€1.36M▲
Profit (loss) brought forward from the previous period14P€1.07M€1.32M▲
Social balance
Average headcount (FTE)908731.533.0▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
30-09
Financial
Highest result since 2018net €346k ▲32.6%
Net result €346k, the highest in the series.
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 10 days late
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
30-09
Financial
Equity above €1MEq €1.26M ▲35.4%
5 profitable years in a row build equity to €1.26M.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 4 days late
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
31-01-2025
Resigned as Director
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 1988
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.
Brielen 72830 WillebroekGround area
1.1 ha
Building footprint
3,394 m²
Volume, LiDAR
27,469 m³
Parcel 12036B0348/00N000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brielen 7, 2830 Willebroek
since 19882.040.356.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036B0348/00N000 | Flanders | 1.1 ha | 1 · 3,394 m² | 9.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 20,939 EUR awarded · 20,439 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,304 EUR | 2,050 EUR |
| 2024 | 2 | 4,677 EUR | 4,467 EUR |
| 2023 | 3 | 7,262 EUR | 7,992 EUR |
| 2022 | 2 | 6,696 EUR | 5,930 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
4 categoriesINARTI NV46199
Dual-learning approval
2 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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Of 248 companies in sector 26110 we hold annual accounts for 182. 90 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1988
Fiscal year end30-09
Activities, NACEBEL
26110Manufacture of computer, electronic and optical products
27900Manufacture of electrical equipment
31623
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.