INELNI
ActiveSummary
INELNI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €267k and a net result of €-28k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▲+25
Solvency67▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.44 in 2023; short-term debt: 32.4% and cash: 0% of total assets), and 57.6% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
42.4%
Return on assets
-4.4%
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 €-28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
58 d late
2022
31 d late
2021
61 d late
2020
61 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€267k▼ 9.3%
2023 · €295k
2018: €431khighest in 7 years
2019: €387k▼ -10.1% vs 2018
2020: €418k▲ +7.8% vs 2019
2021: €383k▼ -8.2% vs 2020
2022: €350k▼ -8.6% vs 2021
2023: €295k▼ -15.9% vs 2022
2024: €267k▼ -9.3% vs 2023lowest in 7 years
2018 → 2024
Total assets
€631k▼ 5.3%
2023 · €666k
2018: €839k
2019: €782k▼ -6.8% vs 2018
2020: €870k▲ +11.3% vs 2019highest in 7 years
2021: €774k▼ -11.0% vs 2020
2022: €724k▼ -6.5% vs 2021
2023: €666k▼ -8.0% vs 2022
2024: €631k▼ -5.3% vs 2023lowest in 7 years
2018 → 2024
Net result
€-28k▲ 50.5%
2023 · €-56k
2018: €-25k
2019: €-43k▼ -74.1% vs 2018
2020: €30k▲ +170% vs 2019highest in 7 years
2021: €-34k▼ -213% vs 2020
2022: €-33k▲ +4.3% vs 2021
2023: €-56k▼ -69.1% vs 2022lowest in 7 years
2024: €-28k▲ +50.5% vs 2023
2018 → 2024
Working capital
€-116k▼ 7.2%
2023 · €-108k
2018: €-244klowest in 7 years
2019: €-60k▲ +75.2% vs 2018
2020: €32k▲ +154% vs 2019highest in 7 years
2021: €-31k▼ -197% vs 2020
2022: €-73k▼ -132% vs 2021
2023: €-108k▼ -49.0% vs 2022
2024: €-116k▼ -7.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€418k-€383k▼ 8.2%€350k▼ 8.6%€295k▼ 15.9%€267k▼ 9.3%
2020: €418khighest in 5 years
2021: €383k▼ -8.2% vs 2020
2022: €350k▼ -8.6% vs 2021
2023: €295k▼ -15.9% vs 2022
2024: €267k▼ -9.3% vs 2023lowest in 5 years
Operating result€19k-€-35k€-32k▲ 8.7%€-58k▼ 80.8%€-29k▲ 49.7%
2020: €19khighest in 5 years
2021: €-35k▼ -285% vs 2020
2022: €-32k▲ +8.7% vs 2021
2023: €-58k▼ -80.8% vs 2022lowest in 5 years
2024: €-29k▲ +49.7% vs 2023
Net result€30k-€-34k€-33k▲ 4.3%€-56k▼ 69.1%€-28k▲ 50.5%
2020: €30khighest in 5 years
2021: €-34k▼ -213% vs 2020
2022: €-33k▲ +4.3% vs 2021
2023: €-56k▼ -69.1% vs 2022lowest in 5 years
2024: €-28k▲ +50.5% vs 2023
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 €29k in 2024 against €58k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €631k
Fixed assets
€543k ▼ 6.4%
Current assets
€88k ▲ 2.4%
Equity and liabilities €631k
Equity
€267k ▼ 9.3%
Provisions
€37k ▼ 11.1%
Debt
€327k ▼ 0.9%
Debt's share of the balance-sheet total rises from 49.5% to 51.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2023 · €-21k
Cash flow
€10k▲
2023 · €-19k
Current ratio
0.43▼
2023 · 0.44
Debt to equity
1.22▲
2023 · 1.12
ROE
-10.3%▲
2023 · -18.9%
ROA
-4.4%▲
2023 · -8.3%
Interest coverage
2.37▲
2023 · -5.65
Debt ≤ 1 year
€204k▲
2023 · €194k
Debt > 1 year
€123k▼
2023 · €135k
Income taxes
€428▲
2023 · €412
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€666k€631k▼
Fixed assets21/28€580k€543k▼
Tangible fixed assets22/27€580k€543k▼
Land and buildings22€574k€542k▼
Furniture and vehicles24€6k€712▼
Current assets29/58€86k€88k▲
Amounts receivable within one year40/41€82k€82k▲
Trade receivables40€41k€41k=
Other amounts receivable41€41k€41k▲
Cash at bank and in hand54/58€220€36▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€666k€631k▼
Equity10/15€295k€267k▼
Contributions10/11€31k€31k=
Capital10€31k€31k=
Issued capital100€31k€31k=
Reserves13€195k€186k▼
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Tax-exempt reserves132€80k€71k▼
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€69k€50k▼
Provisions and deferred taxes16€41k€37k▼
Deferred taxes168€41k€37k▼
Amounts payable17/49€330k€327k▼
Amounts payable after more than one year17€135k€123k▼
Financial debts170/4€135k€123k▼
Amounts payable within one year42/48€194k€204k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€3k€8k▲
Suppliers440/4€3k€8k▲
Taxes, remuneration and social security45€412€840▲
Taxes450/3€412€840▲
Other amounts payable47/48€178k€182k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k-
Other operating charges640/8€6k€8k▲
Gross operating margin9900€18k€16k▼
Operating profit (loss)9901€-58k€-29k▲
Financial income75/76B€2k€827▼
Recurring financial income75€2k€827▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-60k€-32k▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€412€428▲
Profit (loss) for the period9904€-56k€-28k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€-47k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€50k▼
Profit (loss) brought forward from the previous period14P€116k€69k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113k | €38k | €36k | €37k | €37k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €33k | - | - |
| Other operating charges640/8 | - | €2k | €6k | €6k | €8k | ▲ 48.2% |
| Gross operating margin9900 | €137k | €5k | €10k | €18k | €16k | ▼ 9.5% |
| Operating profit (loss)9901 | €19k | €-35k | €-32k | €-58k | €-29k | ▲ 49.7% |
| Financial income75/76B | - | €448 | €6 | €2k | €827 | ▼ 57.6% |
| Recurring financial income75 | €338 | €342 | €6 | €2k | €827 | ▼ 57.6% |
| Non-recurring financial income76B | - | €106 | - | - | - | - |
| Financial charges65/66B | - | €4k | €4k | €4k | €3k | ▼ 10.0% |
| Recurring financial charges65 | €12k | €4k | €4k | €4k | €3k | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €8k | €-39k | €-36k | €-60k | €-32k | ▲ 47.0% |
| Transfer from deferred taxes780 | - | €5k | €5k | €5k | €5k | = |
| Income taxes67/77 | €17k | - | €1k | €412 | €428 | ▲ 3.9% |
| Profit (loss) for the period9904 | €30k | €-34k | €-33k | €-56k | €-28k | ▲ 50.5% |
| Transfer from tax-exempt reserves789 | - | €9k | €9k | €9k | €9k | = |
| Profit (loss) for the period to be appropriated9905 | €107k | €-25k | €-24k | €-47k | €-19k | ▲ 60.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €870k | €774k | €724k | €666k | €631k | ▼ 5.3% |
| Fixed assets21/28 | €612k | €625k | €617k | €580k | €543k | ▼ 6.4% |
| Tangible fixed assets22/27 | €612k | €625k | €617k | €580k | €543k | ▼ 6.4% |
| Land and buildings22 | - | €610k | €606k | €574k | €542k | ▼ 5.6% |
| Furniture and vehicles24 | - | €16k | €11k | €6k | €712 | ▼ 87.5% |
| Current assets29/58 | €257k | €149k | €107k | €86k | €88k | ▲ 2.4% |
| Amounts receivable within one year40/41 | €50k | €49k | €90k | €82k | €82k | ▲ 0.5% |
| Trade receivables40 | - | €33k | €74k | €41k | €41k | = |
| Other amounts receivable41 | - | €16k | €16k | €41k | €41k | ▲ 0.9% |
| Cash at bank and in hand54/58 | €205k | €98k | €15k | €220 | €36 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €4k | €6k | ▲ 46.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €870k | €774k | €724k | €666k | €631k | ▼ 5.3% |
| Equity10/15 | €418k | €383k | €350k | €295k | €267k | ▼ 9.3% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Capital10 | - | €31k | €31k | €31k | €31k | = |
| Issued capital100 | - | €31k | €31k | €31k | €31k | = |
| Reserves13 | €222k | €213k | €204k | €195k | €186k | ▼ 4.6% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €98k | €89k | €80k | €71k | ▼ 11.1% |
| Distributable reserves133 | - | €111k | €111k | €111k | €111k | = |
| Profit (loss) carried forward14 | €165k | €139k | €116k | €69k | €50k | ▼ 27.0% |
| Provisions and deferred taxes16 | €55k | €51k | €46k | €41k | €37k | ▼ 11.1% |
| Deferred taxes168 | - | €51k | €46k | €41k | €37k | ▼ 11.1% |
| Amounts payable17/49 | €397k | €341k | €328k | €330k | €327k | ▼ 0.9% |
| Amounts payable after more than one year17 | €172k | €160k | €148k | €135k | €123k | ▼ 9.5% |
| Financial debts170/4 | - | €160k | €148k | €135k | €123k | ▼ 9.5% |
| Amounts payable within one year42/48 | €225k | €180k | €180k | €194k | €204k | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €13k | €13k | ▲ 2.4% |
| Trade debts44 | €753 | €3k | €3k | €3k | €8k | ▲ 149% |
| Suppliers440/4 | - | €3k | €3k | €3k | €8k | ▲ 149% |
| Taxes, remuneration and social security45 | - | €17k | - | €412 | €840 | ▲ 104% |
| Taxes450/3 | - | €17k | - | €412 | €840 | ▲ 104% |
| Other amounts payable47/48 | - | €148k | €164k | €178k | €182k | ▲ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €-34k | €-33k | €-56k | €-28k | ▲ 50.5% |
| + Depreciation and write-downs630 | €113k | €38k | €36k | €37k | €37k | = |
| Operating cash flow (approximation) | €143k | €3k | €4k | €-19k | €10k | ▲ 152% |
| Investment in fixed assets (approximation) | - | €-50k | €-28k | €0 | €0 | - |
| Change in cash | - | €-108k | €-83k | €-15k | €-184 | ▲ 98.8% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.48 to 1.14.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Westerlo · 1 establishment unit since 1994
Ground area
998 m²
Building footprint
131 m²
Volume, LiDAR
651 m³
Parcel 13039E0339/00F000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wimpstraat 62, 2260 Westerlo
since 19942.067.271.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039E0339/00F000 | Flanders | 998 m² | 1 · 131 m² | 7.5 m · 2 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
DEFAVO
BE 0788.841.810
Antwerpen · Eq €266,911
JEKER & GEER
BE 0892.867.479
Bassenge · Eq €267,535
JEFF BRICKS
BE 0428.522.442
Brussel · Eq €267,760
DOMAINE SAINT ANTOINE
BE 0403.317.882
Celles (lez-Tournai) · Eq €267,860
IMMO D.S. & FILS
BE 0778.941.177
Mons · Eq €266,548
Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,926 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
Founded15-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.