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INECT

Active
Private limited companyfounded 20206 yrs activeKapeldreef 60, 3001 Leuven, BelgiumKBO/BCE: BE 0746.693.330
Summary

The annual accounts of INECT for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €45,192 and a net result of -€48,315. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 2729 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability3▼-95
Solvency36▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.37 against 2.22 in 2024; short-term debt: 70.2% and cash: 48.5% of total assets), and 88.5% of the assets are financed with debt.
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Signals

Five 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
11.5%
Return on assets
-12.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2729 sector peers (2025).
NBB · sector comparison
Position among 2729 sector peers
Solvency
better than 21%
← weakest strongest →
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 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
on the day
2024
on the day
2022
67 d late
2021
11 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · 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

History

INECT was incorporated on 5 May 2020 as a Private limited company.1 Total assets rose from EUR 32,779 in 2021 to EUR 393,669 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€45,192▼ 51.7%
2024 · €93,508
Total assets
€393,669▲ 47.7%
2024 · €266,456
Net result
-€48,315
2024 · €61,764
Working capital
€102,828▼ 16.3%
2024 · €122,844
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220242025
Operating result-€2,162--€994▲ 54.1%€84,616--€42,948
Net result-€2,223below the sector's middle half--€1,035below the sector's middle half▲ 53.4%€61,764within the sector's middle half--€48,315below the sector's middle half
Equity€32,779within the sector's middle half-€31,743within the sector's middle half▼ 3.2%€93,508within the sector's middle half-€45,192within the sector's middle half▼ 51.7%
Total assets€32,779below the sector's middle half-€32,509below the sector's middle half▼ 0.8%€266,456within the sector's middle half-€393,669within the sector's middle half▲ 47.7%
Debt€766€172,948-€348,477▲ 101%
Working capital€31,743within the sector's middle half€122,844within the sector's middle half-€102,828within the sector's middle half▼ 16.3%
Solvency100.0%above the sector's middle half-97.6%above the sector's middle half▼ 2.4pp35.1%within the sector's middle half-11.5%below the sector's middle half▼ 23.6pp
Current ratio42.47above the sector's middle half2.22within the sector's middle half-1.37within the sector's middle half▼ 0.84
Return on assets (ROA)-6.8%below the sector's middle half--3.2%below the sector's middle half▲ 3.6pp23.2%above the sector's middle half--12.3%below the sector's middle half▼ 35.5pp
Staff (FTE)2.3within the sector's middle half-7.6within the sector's middle half▲ 230%
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€2,162-€2,162Net result 2021: -€2,223-€2,223Operating result 2022: -€994-€994Net result 2022: -€1,035-€1,035Operating result 2024: €84,616€84,616Net result 2024: €61,764€61,764Operating result 2025: -€42,948-€42,948Net result 2025: -€48,315-€48,3152021202220242025-€50,000€0€50,000€100,000Operating result 2022: -€994-€994Net result 2022: -€1,035-€1,040Operating result 2024: €84,616€84,600Net result 2024: €61,764€61,800Operating result 2025: -€42,948-€42,900Net result 2025: -€48,315-€48,300202220242025
The operating result turns negative in 2025: a loss of €42,948 after €84,616 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393,669
Fixed assets €14,365 ▼ 66.3%
Current assets €379,304 ▲ 69.5%
Equity and liabilities €393,669
Equity €45,192 ▼ 51.7%
Debt €348,477 ▲ 101%
Debt's share of the balance-sheet total rises from 64.9% to 88.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€42,495▼
2024 · €89,585
Cash flow
-€47,863▼
2024 · €66,733
Debt to equity
7.71▲
2024 · 1.85
ROE
-106.9%▼
2024 · 66.1%
Interest coverage
-5.42▼
2024 · 20.05
Debt ≤ 1 year
€276,477▲
2024 · €100,948
Debt > 1 year
€72,000=
2024 · €72,000
Income taxes
€90▼
2024 · €30,228
Staff costs
€415,748▲
2024 · €93,301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
6.4% went bankrupt
6.6% stopped otherwise
86% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€266,456€393,669▲
Fixed assets21/28€42,663€14,365▼
Tangible fixed assets22/27€34,603€6,304▼
Plant, machinery and equipment23€13,391-
Furniture and vehicles24€21,212€6,304▼
Financial fixed assets28€8,060€8,060=
Current assets29/58€223,792€379,304▲
Amounts receivable within one year40/41€107,133€188,489▲
Trade receivables40€75,068€156,145▲
Other amounts receivable41€32,065€32,343▲
Current investments50/53-€69
Cash at bank and in hand54/58€116,659€190,746▲
Equity and liabilities
Total equity and liabilities10/49€266,456€393,669▲
Equity10/15€93,508€45,192▼
Contributions10/11€35,002€35,002=
Reserves13€61,764€61,764=
Distributable reserves133€61,764€61,764=
Profit (loss) carried forward14-€3,259-€51,574▼
Amounts payable17/49€172,948€348,477▲
Amounts payable after more than one year17€72,000€72,000=
Financial debts170/4€72,000€72,000=
Amounts payable within one year42/48€100,948€276,477▲
Financial debts43-€9,993
Credit institutions430/8-€9,993
Trade debts44€41,409€189,449▲
Suppliers440/4€41,409€189,449▲
Taxes, remuneration and social security45€59,539€76,946▲
Taxes450/3€37,556€30,318▼
Remuneration and social security454/9€21,983€46,628▲
Other amounts payable47/48-€89
Income statement Code20242025
Non-recurring operating income76A-€24,099
Remuneration, social security and pensions62€93,301€415,748▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,969€453▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€63,231
Other operating charges640/8€1,010€566▼
Non-recurring operating charges66A€183€88,868▲
Gross operating margin9900€184,079€525,918▲
Operating profit (loss)9901€84,616-€42,948▼
Financial income75/76B€11,846€2,561▼
Recurring financial income75€11,846€2,561▼
Financial charges65/66B€4,469€7,838▲
Recurring financial charges65€4,469€7,838▲
Profit (loss) for the period before taxes9903€91,992-€48,226▼
Income taxes67/77€30,228€90▼
Profit (loss) for the period9904€61,764-€48,315▼
Profit (loss) for the period to be appropriated9905€61,764-€48,315▼
Appropriation of the result
Profit (loss) to be appropriated9906€58,506-€51,574▼
Profit (loss) brought forward from the previous period14P-€3,259-€3,259=
Transfer to equity691/2€61,764-
To other reserves6921€61,764-
Social balance
Average headcount (FTE)90872.37.6▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220242025Change
Non-recurring operating income76A---€24,099-
Goods, raw materials, services and sundry goods60/61€2,162€994---
Remuneration, social security and pensions62--€93,301€415,748▲ 346%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€4,969€453▼ 90.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€63,231-
Other operating charges640/8--€1,010€566▼ 43.9%
Non-recurring operating charges66A--€183€88,868▲ 48,430%
Gross operating margin9900-€2,162-€994€184,079€525,918▲ 186%
Operating profit (loss)9901-€2,162-€994€84,616-€42,948▼ 151%
Financial income75/76B--€11,846€2,561▼ 78.4%
Recurring financial income75--€11,846€2,561▼ 78.4%
Financial charges65/66B€61€42€4,469€7,838▲ 75.4%
Recurring financial charges65€61€42€4,469€7,838▲ 75.4%
Profit (loss) for the period before taxes9903-€2,223-€1,035€91,992-€48,226▼ 152%
Income taxes67/77--€30,228€90▼ 99.7%
Profit (loss) for the period9904-€2,223-€1,035€61,764-€48,315▼ 178%
Profit (loss) for the period to be appropriated9905-€2,223-€1,035€61,764-€48,315▼ 178%
Line2021202220242025Change
Assets
Total assets20/58€32,779€32,509€266,456€393,669▲ 47.7%
Fixed assets21/28--€42,663€14,365▼ 66.3%
Tangible fixed assets22/27--€34,603€6,304▼ 81.8%
Plant, machinery and equipment23--€13,391--
Furniture and vehicles24--€21,212€6,304▼ 70.3%
Financial fixed assets28--€8,060€8,060=
Current assets29/58€32,779€32,509€223,792€379,304▲ 69.5%
Amounts receivable within one year40/41€32,652€32,273€107,133€188,489▲ 75.9%
Trade receivables40--€75,068€156,145▲ 108%
Other amounts receivable41€32,652€32,273€32,065€32,343▲ 0.9%
Current investments50/53---€69-
Cash at bank and in hand54/58€117€236€116,659€190,746▲ 63.5%
Deferred charges and accrued income490/1€10----
Equity and liabilities
Total equity and liabilities10/49€32,779€32,509€266,456€393,669▲ 47.7%
Equity10/15€32,779€31,743€93,508€45,192▼ 51.7%
Contributions10/11€35,002€35,002€35,002€35,002=
Reserves13--€61,764€61,764=
Distributable reserves133--€61,764€61,764=
Profit (loss) carried forward14-€2,223-€3,259-€3,259-€51,574▼ 1,483%
Amounts payable17/49-€766€172,948€348,477▲ 101%
Amounts payable after more than one year17--€72,000€72,000=
Financial debts170/4--€72,000€72,000=
Amounts payable within one year42/48-€766€100,948€276,477▲ 174%
Financial debts43---€9,993-
Credit institutions430/8---€9,993-
Trade debts44-€766€41,409€189,449▲ 358%
Suppliers440/4-€766€41,409€189,449▲ 358%
Taxes, remuneration and social security45--€59,539€76,946▲ 29.2%
Taxes450/3--€37,556€30,318▼ 19.3%
Remuneration and social security454/9--€21,983€46,628▲ 112%
Other amounts payable47/48---€89-
Line2021202220242025Change
Profit (loss) for the period9904-€2,223-€1,035€61,764-€48,315▼ 178%
+ Depreciation and write-downs630--€4,969€453▼ 90.9%
Operating cash flow (approximation)-€2,223-€1,035€66,733-€47,863▼ 172%
Investment in fixed assets (approximation)---€27,846-
Change in cash-€119-€74,087-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial Weakest financial yearnet -€48,315
Net result drops to -€48,315, the lowest in the series.
30-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial Back to profitnet €61,764
Net result €61,764 after 2 loss-making years.
2023
06-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
11-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Leuven · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
4,090 m²
Volume, LiDAR
26,718 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
47 companies at this address See who is registered here
1 establishment unit
INECT
Ambachtenlaan 14, 3001 LeuvenComputer programming, consultancy and related activities
since 20202.302.763.469
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24514C0015/00C004 Flanders 9,035 m² 1 · 1,994 m² 11.8 m · 3 fl.
24040C0005/00F000 Flanders 8,837 m² 1 · 2,096 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. PANENCO 100%
  2. INECT

Highest known parent: PANENCO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 6 entries · 508,469 EUR awarded · 410,760 EUR paid
Year Entries awardedpaid
2025 3 12,500 EUR206,500 EUR
2024 3 495,969 EUR204,260 EUR
Schemes
3 entries · 485,709 EUR · 388,000 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 12,500 EUR · 12,500 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 9,000 EUR · 9,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
1 entry · 1,260 EUR · 1,260 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 6,760 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
Founded05-05-2020
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0746693330
Also 9925:BE0746693330
Registered 04-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.