INEMA
ActiveSummary
INEMA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,681 and a net result of -€10,889. Equity is shrinking by ~25.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-65
Solvency26▼-18
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
short-term debt: 0.1% and cash: 2.3% of total assets, and 98.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
37 d early
2023
22 d late
2022
30 d late
2021
32 d late
2020
48 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€15,681▼ 41.0%
2024 · €26,570
Total assets
€1.2m▲ 750%
2024 · €143,546
Net result
-€10,889
2024 · €404,902
Working capital
€1.2m▲ 2,826%
2024 · €41,669
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,692▲ 46.7%€283,839-€90,654-€8,573▲ 90.5%-€10,904▼ 27.2%
Net result-€15,683▲ 41.5%€281,367-€91,101€404,902-€10,889
Equity€75,276▼ 17.2%€126,256▲ 67.7%€35,155▼ 72.2%€26,570▼ 24.4%€15,681▼ 41.0%
Total assets€154,193▲ 0.5%€542,114▲ 252%€259,821▼ 52.1%€143,546▼ 44.8%€1.2m▲ 750%
Debt€78,918▲ 26.4%€415,858▲ 427%€224,666▼ 46.0%€116,976▼ 47.9%€1.2m▲ 930%
Working capital-€75,201▼ 21.2%€26,355€105,254▲ 299%€41,669▼ 60.4%€1.2m▲ 2,826%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,904 in 2025 against €8,573 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.2m
Equity
€15,681 ▼ 41.0%
Debt
€1.2m ▲ 930%
Debt's share of the balance-sheet total rises from 81.5% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
42.35▲
2024 · 22.09
Debt to equity
76.80▲
2024 · 4.40
ROE
-69.4%
ROA
-0.9%▼
2024 · 282.1%
Debt ≤ 1 year
€666▼
2024 · €1,976
Debt > 1 year
€1.2m▲
2024 · €115,000
A ratio outside any meaningful range has been withheld (balance sheet total €1.2m, equity €15,681).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,104 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,541 | €1,846 | - | - | - | - |
| Other operating charges640/8 | €17,549 | €59,018 | €26,092 | €481 | €930 | ▲ 93.2% |
| Gross operating margin9900 | €5,398 | €344,703 | -€64,562 | -€8,092 | -€9,974 | ▼ 23.3% |
| Operating profit (loss)9901 | -€14,692 | €283,839 | -€90,654 | -€8,573 | -€10,904 | ▼ 27.2% |
| Financial income75/76B | - | €590 | €1,186 | €414,311 | €25,032 | ▼ 94.0% |
| Recurring financial income75 | - | €590 | €1,186 | €414,311 | €25,032 | ▼ 94.0% |
| Financial charges65/66B | €991 | €1,356 | €1,633 | €836 | €25,018 | ▲ 2,892% |
| Recurring financial charges65 | €991 | €1,356 | €1,633 | €836 | €25,018 | ▲ 2,892% |
| Profit (loss) for the period before taxes9903 | -€15,683 | €283,073 | -€91,101 | €404,902 | -€10,889 | ▼ 103% |
| Income taxes67/77 | - | €1,706 | - | - | - | - |
| Profit (loss) for the period9904 | -€15,683 | €281,367 | -€91,101 | €404,902 | -€10,889 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€15,683 | €281,367 | -€91,101 | €404,902 | -€10,889 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,193 | €542,114 | €259,821 | €143,546 | €1.2m | ▲ 750% |
| Fixed assets21/28 | €150,476 | €99,901 | €99,901 | €99,901 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €150,476 | €99,901 | €99,901 | €99,901 | €0 | ▼ 100% |
| Land and buildings22 | €150,476 | €99,901 | €99,901 | €99,901 | €0 | ▼ 100% |
| Current assets29/58 | €3,717 | €442,213 | €159,920 | €43,645 | €1.2m | ▲ 2,695% |
| Stocks and contracts in progress3 | - | - | - | - | €1.2m | - |
| Stocks30/36 | - | - | - | - | €1.2m | - |
| Amounts receivable within one year40/41 | €3,102 | €85,007 | €6,844 | €7,906 | €512 | ▼ 93.5% |
| Trade receivables40 | €726 | €80,879 | €855 | €315 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,376 | €4,128 | €5,989 | €7,591 | €512 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €615 | €357,206 | €153,075 | €35,739 | €27,692 | ▼ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,193 | €542,114 | €259,821 | €143,546 | €1.2m | ▲ 750% |
| Equity10/15 | €75,276 | €126,256 | €35,155 | €26,570 | €15,681 | ▼ 41.0% |
| Contributions10/11 | €516,362 | €516,362 | €516,362 | €102,876 | €102,876 | = |
| Capital10 | €516,362 | €516,362 | €516,362 | €102,876 | €102,876 | = |
| Issued capital100 | €516,362 | €516,362 | €516,362 | €102,876 | €102,876 | = |
| Reserves13 | €407,333 | €407,333 | €407,333 | €407,333 | €12,171 | ▼ 97.0% |
| Non-distributable reserves130/1 | €10,288 | €10,288 | €51,636 | €10,288 | €10,288 | = |
| Legal reserve130 | €10,288 | €10,288 | €51,636 | €10,288 | €10,288 | = |
| Distributable reserves133 | €397,046 | €397,046 | €355,697 | €397,046 | €1,884 | ▼ 99.5% |
| Profit (loss) carried forward14 | -€848,420 | -€797,440 | -€888,541 | -€483,639 | -€99,366 | ▲ 79.5% |
| Amounts payable17/49 | €78,918 | €415,858 | €224,666 | €116,976 | €1.2m | ▲ 930% |
| Amounts payable after more than one year17 | - | - | €170,000 | €115,000 | €1.2m | ▲ 947% |
| Financial debts170/4 | - | - | - | - | €1.2m | - |
| Other amounts payable178/9 | - | - | €170,000 | €115,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €78,918 | €415,858 | €54,666 | €1,976 | €666 | ▼ 66.3% |
| Trade debts44 | €12,750 | €36,316 | €4,208 | €459 | €666 | ▲ 45.1% |
| Suppliers440/4 | €12,750 | €36,316 | €4,208 | €459 | €666 | ▲ 45.1% |
| Taxes, remuneration and social security45 | - | €1,706 | - | - | - | - |
| Taxes450/3 | - | €1,706 | - | - | - | - |
| Other amounts payable47/48 | €66,168 | €377,835 | €50,458 | €1,517 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,683 | €281,367 | -€91,101 | €404,902 | -€10,889 | ▼ 103% |
| + Depreciation and write-downs630 | €2,541 | €1,846 | - | - | - | - |
| Operating cash flow (approximation) | -€13,142 | €283,213 | -€91,101 | €404,902 | -€10,889 | ▼ 103% |
| Investment in fixed assets (approximation) | - | €48,729 | €0 | €0 | €99,901 | - |
| Change in cash | - | €356,591 | -€204,130 | -€117,337 | -€8,046 | ▲ 93.1% |
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
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 83current ratio 1831.99
Current ratio from 22.09 to 1831.99; short-term debt falls from €1,976 to €666.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €404,902
Net result €404,902 after one loss-making year.
30-09
Financial
Liquidity times 8current ratio 22.09
Current ratio from 2.93 to 22.09; short-term debt falls from €54,666 to €1,976.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-09
Financial
Weakest financial yearnet -€91,101
Net result drops to -€91,101, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 2.93
Current ratio from 1.06 to 2.93; short-term debt falls from €415,858 to €54,666.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
Financial
Back to profitnet €281,367
Net result €281,367 after 4 loss-making years.
30-09
Financial
Liquidity times 23current ratio 1.06
Current ratio from 0.05 to 1.06.
30-09
Financial
Equity above €100,000Eq €126,256 ▲67.7%
Equity rises from €75,276 to €126,256.
Show earlier events
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 221 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Arendonk · 1 establishment unit since 1996
Ground area
2,724 m²
Building footprint
155 m²
Volume, LiDAR
704 m³
Parcel 13001A1415/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Meulegoor 41, 2370 Arendonk
since 19962.079.372.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13001A1415/00S000 | Flanders | 2,724 m² | 1 · 155 m² | 8.1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded05-09-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458740318
Also
9925:BE0458740318
Registered
06-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.