INBLUE
ActiveSummary
The computed 12-month bankruptcy probability of INBLUE is 1.6% (moderate). The 2025 annual accounts show negative equity (€-19k) and a net result of €-11k. Equity is shrinking by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 17090 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.5 in 2024; short-term debt: 307.5% and cash: 34.5% of total assets), and equity is negative.
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-217.5%
Return on assets
-126.3%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
6 d early
2022
39 d early
2021
34 d early
2020
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k▼ 138%
2024 · €-8k
2020: €47k
2021: €46k▼ -1.0% vs 2020
2022: €76k▲ +63.0% vs 2021highest in 6 years
2023: €9k▼ -87.9% vs 2022
2024: €-8k▼ -189% vs 2023
2025: €-19k▼ -138% vs 2024lowest in 6 years
2020 → 2025
Total assets
€9k▼ 55.8%
2024 · €20k
2020: €84k
2021: €78k▼ -7.2% vs 2020
2022: €83k▲ +6.9% vs 2021
2023: €84k▲ +1.6% vs 2022highest in 6 years
2024: €20k▼ -75.9% vs 2023
2025: €9k▼ -55.8% vs 2024lowest in 6 years
2020 → 2025
Net result
€-11k▲ 34.7%
2024 · €-17k
2020: €42khighest in 6 years
2021: €-482▼ -101% vs 2020
2022: €29k▲ +6173% vs 2021
2023: €4k▼ -85.8% vs 2022
2024: €-17k▼ -517% vs 2023lowest in 6 years
2025: €-11k▲ +34.7% vs 2024
2020 → 2025
Working capital
€-19k▼ 33.9%
2024 · €-14k
2020: €40k
2021: €39k▼ -1.1% vs 2020
2022: €57k▲ +44.1% vs 2021highest in 6 years
2023: €590▼ -99.0% vs 2022
2024: €-14k▼ -2452% vs 2023
2025: €-19k▼ -33.9% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€76k▲ 63.0%€9k▼ 87.9%€-8k€-19k▼ 138%
2021: €46k
2022: €76k▲ +63.0% vs 2021highest in 5 years
2023: €9k▼ -87.9% vs 2022
2024: €-8k▼ -189% vs 2023
2025: €-19k▼ -138% vs 2024lowest in 5 years
Operating result€2k-€38k▲ 2,380%€7k▼ 81.2%€-17k€-11k▲ 35.1%
2021: €2k
2022: €38k▲ +2380% vs 2021highest in 5 years
2023: €7k▼ -81.2% vs 2022
2024: €-17k▼ -340% vs 2023lowest in 5 years
2025: €-11k▲ +35.1% vs 2024
Net result€-482-€29k€4k▼ 85.8%€-17k€-11k▲ 34.7%
2021: €-482
2022: €29k▲ +6173% vs 2021highest in 5 years
2023: €4k▼ -85.8% vs 2022
2024: €-17k▼ -517% vs 2023lowest in 5 years
2025: €-11k▲ +34.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €17k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-12k
Cash flow
€-11k▲
2024 · €-13k
Solvency
-217.5%▼
2024 · -40.3%
Current ratio
0.33▼
2024 · 0.50
Debt to equity
-1.46▲
2024 · -3.48
ROA
-126.3%▼
2024 · -85.5%
Interest coverage
-89.86▼
2024 · -75.12
Debt
€28k=
2024 · €28k
Debt ≤ 1 year
€28k=
2024 · €28k
Income taxes
€0▼
2024 · €321
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20k€9k▼
Fixed assets21/28€7k€0▼
Tangible fixed assets22/27€7k€0▼
Plant, machinery and equipment23€267€0▼
Furniture and vehicles24€3k€0▼
Other tangible fixed assets26€3k€0▼
Current assets29/58€14k€9k▼
Amounts receivable within one year40/41€10k€4k▼
Trade receivables40€605€605=
Other amounts receivable41€9k€3k▼
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€109€0▼
Equity and liabilities
Total equity and liabilities10/49€20k€9k▼
Equity10/15€-8k€-19k▼
Contributions10/11€5k€5k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-17k€-29k▼
Amounts payable17/49€28k€28k=
Amounts payable within one year42/48€28k€28k=
Trade debts44€530€416▼
Suppliers440/4€530€416▼
Taxes, remuneration and social security45€197€0▼
Taxes450/3€197€0▼
Other amounts payable47/48€27k€27k▲
Accrued charges and deferred income492/3€900€900=
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€0▼
Other operating charges640/8€899€7k▲
Gross operating margin9900€-12k€-4k▲
Operating profit (loss)9901€-17k€-11k▲
Financial income75/76B€412€0▼
Recurring financial income75€412€0▼
Financial charges65/66B€166€125▼
Recurring financial charges65€166€125▼
Profit (loss) for the period before taxes9903€-17k€-11k▲
Income taxes67/77€321€0▼
Profit (loss) for the period9904€-17k€-11k▲
Profit (loss) for the period to be appropriated9905€-17k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-29k▼
Profit (loss) brought forward from the previous period14P€0€-17k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €97 | €200 | €394 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €11k | €5k | €0 | ▼ 100% |
| Other operating charges640/8 | €805 | €851 | €934 | €899 | €7k | ▲ 680% |
| Gross operating margin9900 | €13k | €51k | €20k | €-12k | €-4k | ▲ 63.7% |
| Operating profit (loss)9901 | €2k | €38k | €7k | €-17k | €-11k | ▲ 35.1% |
| Financial income75/76B | €0 | €30 | €160 | €412 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €30 | €160 | €412 | €0 | ▼ 100% |
| Financial charges65/66B | €518 | €536 | €141 | €166 | €125 | ▼ 24.8% |
| Recurring financial charges65 | €518 | €536 | €141 | €166 | €125 | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | €1k | €38k | €7k | €-17k | €-11k | ▲ 33.5% |
| Income taxes67/77 | €2k | €8k | €3k | €321 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-482 | €29k | €4k | €-17k | €-11k | ▲ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €-482 | €29k | €4k | €-17k | €-11k | ▲ 34.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78k | €83k | €84k | €20k | €9k | ▼ 55.8% |
| Fixed assets21/28 | €23k | €20k | €10k | €7k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €23k | €20k | €10k | €7k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €518 | €326 | €806 | €267 | €0 | ▼ 100% |
| Furniture and vehicles24 | €22k | €17k | €6k | €3k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €3k | €3k | €3k | €0 | ▼ 100% |
| Current assets29/58 | €55k | €63k | €75k | €14k | €9k | ▼ 34.5% |
| Amounts receivable after more than one year29 | - | €10k | €0 | - | - | - |
| Other amounts receivable291 | - | €10k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €21k | €26k | €16k | €10k | €4k | ▼ 61.1% |
| Trade receivables40 | €19k | €24k | €63 | €605 | €605 | = |
| Other amounts receivable41 | €1k | €2k | €16k | €9k | €3k | ▼ 65.0% |
| Current investments50/53 | €2k | €2k | €2k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €30k | €23k | €55k | €2k | €3k | ▲ 88.9% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €109 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78k | €83k | €84k | €20k | €9k | ▼ 55.8% |
| Equity10/15 | €46k | €76k | €9k | €-8k | €-19k | ▼ 138% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | €4k | €4k | €4k | = |
| Distributable reserves133 | - | - | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €41k | €71k | €0 | €-17k | €-29k | ▼ 65.3% |
| Amounts payable17/49 | €31k | €7k | €75k | €28k | €28k | = |
| Amounts payable after more than one year17 | €15k | - | - | - | - | - |
| Financial debts170/4 | €15k | - | - | - | - | - |
| Amounts payable within one year42/48 | €15k | €6k | €74k | €28k | €28k | = |
| Current portion of amounts payable after more than one year42 | €7k | - | - | - | - | - |
| Trade debts44 | €2k | €325 | €141 | €530 | €416 | ▼ 21.6% |
| Suppliers440/4 | €2k | €325 | €141 | €530 | €416 | ▼ 21.6% |
| Taxes, remuneration and social security45 | €5k | €5k | €3k | €197 | €0 | ▼ 100% |
| Taxes450/3 | €5k | €5k | €3k | €197 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1k | €1k | €71k | €27k | €27k | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €850 | €894 | €944 | €900 | €900 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-482 | €29k | €4k | €-17k | €-11k | ▲ 34.7% |
| + Depreciation and write-downs630 | €11k | €11k | €11k | €5k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €10k | €41k | €15k | €-13k | €-11k | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | €-8k | €-809 | €-2k | €7k | ▲ 445% |
| Change in cash | - | €-7k | €32k | €-53k | €1k | ▲ 103% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 10.01
Current ratio from 3.57 to 10.01; short-term debt falls from €15k to €6k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Schaarbeek · 1 establishment unit since 2019
Ground area
617 m²
Building footprint
330 m²
Volume, LiDAR
4,267 m³
Parcel 21903B0178/00H010, Brussels · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
INBLUE
since 20192.294.572.216
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0178/00H010 | Brussels | 617 m² | 1 · 330 m² | 18.6 m · 4 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 9,100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
78100Employment placement agencies
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.