INESTYLE
ActiveSummary
INESTYLE has been active since 2002 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (-€6,872) and a net result of €24,794. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 661 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+5
Solvency19▲+19
Growth78=
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.52 against 1.2 in 2024; short-term debt: 63.4% and cash: 3.9% of total assets), but equity is negative.
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Signals
Seven 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% 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
-6.4%
Return on assets
23.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 661 sector peers (2025).
NBB · sector comparisonPosition among 661 sector peers
Solvency
better than 18%
← weakest
strongest →
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
90 d early
2023
93 d early
2022
89 d early
2021
33 d early
2020
90 d late
2019
255 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Checked, nothing found (1)
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. Usually files around 2 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€6,872▲ 78.3%
2024 · -€31,666
Total assets
€106,706▲ 21.9%
2024 · €87,553
Net result
€24,794▲ 4.4%
2024 · €23,758
Working capital
€35,491▲ 157%
2024 · €13,817
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, 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
Line20212022202320242025
Operating result-€4,048▼ 23.1%€11,193€19,097▲ 70.6%€26,897▲ 40.8%€30,082▲ 11.8%
Net result-€11,585below the sector's middle half▼ 6.5%€4,247within the sector's middle half€12,573within the sector's middle half▲ 196%€23,758within the sector's middle half▲ 89.0%€24,794within the sector's middle half▲ 4.4%
Equity-€72,245below the sector's middle half▼ 19.1%-€67,998below the sector's middle half▲ 5.9%-€55,424below the sector's middle half▲ 18.5%-€31,666below the sector's middle half▲ 42.9%-€6,872below the sector's middle half▲ 78.3%
Total assets€42,898below the sector's middle half▼ 9.4%€50,499below the sector's middle half▲ 17.7%€70,978within the sector's middle half▲ 40.6%€87,553within the sector's middle half▲ 23.4%€106,706within the sector's middle half▲ 21.9%
Debt€115,143▲ 6.6%€118,497▲ 2.9%€126,402▲ 6.7%€119,219▼ 5.7%€113,578▼ 4.7%
Working capital-€14,312below the sector's middle half▼ 191%-€13,195below the sector's middle half▲ 7.8%-€7,138below the sector's middle half▲ 45.9%€13,817within the sector's middle half€35,491within the sector's middle half▲ 157%
Solvency-168.4%below the sector's middle half▼ 40.3pp-134.7%below the sector's middle half▲ 33.8pp-78.1%below the sector's middle half▲ 56.6pp-36.2%below the sector's middle half▲ 41.9pp-6.4%below the sector's middle half▲ 29.7pp
Current ratio0.73below the sector's middle half▼ 0.150.78below the sector's middle half▲ 0.050.90below the sector's middle half▲ 0.121.20within the sector's middle half▲ 0.301.52within the sector's middle half▲ 0.32
Return on assets (ROA)-27.0%below the sector's middle half▼ 4.0pp8.4%within the sector's middle half▲ 35.4pp17.7%above the sector's middle half▲ 9.3pp27.1%above the sector's middle half▲ 9.4pp23.2%above the sector's middle half▼ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,706
Fixed assets
€3,580 ▼ 25.5%
Current assets
€103,125 ▲ 24.6%
Key figures and ratios
EBITDA
€31,288▲
2024 · €28,102
Cash flow
€25,999▲
2024 · €24,964
Quick ratio
0.11▼
2024 · 0.32
Debt to equity
-16.53▼
2024 · -3.76
Interest coverage
5.35▲
2024 · 4.47
Debt ≤ 1 year
€67,635▼
2024 · €68,930
Debt > 1 year
€45,944▼
2024 · €50,289
Income taxes
€41▼
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
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: 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,785 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,689 | €376 | €1,069 | €1,206 | €1,206 | = |
| Other operating charges640/8 | €250 | - | - | - | - | - |
| Gross operating margin9900 | €891 | €11,569 | €20,166 | €28,102 | €31,288 | ▲ 11.3% |
| Operating profit (loss)9901 | -€4,048 | €11,193 | €19,097 | €26,897 | €30,082 | ▲ 11.8% |
| Financial income75/76B | €83 | €195 | €471 | €3,323 | €707 | ▼ 78.7% |
| Recurring financial income75 | €83 | €195 | €471 | €323 | €707 | ▲ 119% |
| Non-recurring financial income76B | - | - | - | €3,000 | - | - |
| Financial charges65/66B | €7,474 | €7,142 | €6,831 | €6,287 | €5,954 | ▼ 5.3% |
| Recurring financial charges65 | €7,474 | €7,142 | €6,831 | €6,287 | €5,849 | ▼ 7.0% |
| Non-recurring financial charges66B | - | - | - | - | €105 | - |
| Profit (loss) for the period before taxes9903 | -€11,439 | €4,247 | €12,737 | €23,933 | €24,834 | ▲ 3.8% |
| Income taxes67/77 | €146 | - | €164 | €174 | €41 | ▼ 76.7% |
| Profit (loss) for the period9904 | -€11,585 | €4,247 | €12,573 | €23,758 | €24,794 | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | -€11,585 | €4,247 | €12,573 | €23,758 | €24,794 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,898 | €50,499 | €70,978 | €87,553 | €106,706 | ▲ 21.9% |
| Fixed assets21/28 | €3,286 | €2,910 | €5,992 | €4,806 | €3,580 | ▼ 25.5% |
| Tangible fixed assets22/27 | €3,286 | €2,910 | €5,992 | €4,786 | €3,580 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | €3,457 | €2,627 | €1,797 | ▼ 31.6% |
| Other tangible fixed assets26 | €3,286 | €2,910 | €2,535 | €2,159 | €1,784 | ▼ 17.4% |
| Financial fixed assets28 | - | - | - | €20 | - | - |
| Current assets29/58 | €39,612 | €47,589 | €64,986 | €82,747 | €103,125 | ▲ 24.6% |
| Stocks and contracts in progress3 | €33,123 | €37,854 | €53,081 | €60,686 | €95,899 | ▲ 58.0% |
| Stocks30/36 | €33,123 | €37,854 | €53,081 | €60,686 | €95,899 | ▲ 58.0% |
| Amounts receivable within one year40/41 | €2,864 | €376 | €4,906 | €2,455 | €2,610 | ▲ 6.3% |
| Trade receivables40 | €2,864 | €376 | €4,906 | €2,455 | €2,545 | ▲ 3.7% |
| Other amounts receivable41 | - | - | - | - | €65 | - |
| Cash at bank and in hand54/58 | €2,504 | €8,110 | €6,108 | €5,903 | €4,163 | ▼ 29.5% |
| Deferred charges and accrued income490/1 | €1,121 | €1,249 | €891 | €13,704 | €454 | ▼ 96.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,898 | €50,499 | €70,978 | €87,553 | €106,706 | ▲ 21.9% |
| Equity10/15 | -€72,245 | -€67,998 | -€55,424 | -€31,666 | -€6,872 | ▲ 78.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €13,336 | €13,336 | €13,336 | €13,336 | €13,336 | = |
| Non-distributable reserves130/1 | €1,166 | €1,166 | €1,166 | €1,166 | €1,166 | = |
| Reserves not available under the articles1311 | €1,166 | €1,166 | €1,166 | €1,166 | €1,166 | = |
| Tax-exempt reserves132 | €4,170 | €4,170 | €4,170 | €4,170 | €4,170 | = |
| Distributable reserves133 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | -€104,181 | -€99,934 | -€87,360 | -€63,602 | -€38,808 | ▲ 39.0% |
| Amounts payable17/49 | €115,143 | €118,497 | €126,402 | €119,219 | €113,578 | ▼ 4.7% |
| Amounts payable after more than one year17 | €60,874 | €57,713 | €54,197 | €50,289 | €45,944 | ▼ 8.6% |
| Financial debts170/4 | €60,874 | €57,713 | €54,197 | €50,289 | €45,944 | ▼ 8.6% |
| Amounts payable within one year42/48 | €53,924 | €60,784 | €72,124 | €68,930 | €67,635 | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | €2,844 | €3,162 | €3,515 | €3,908 | €4,345 | ▲ 11.2% |
| Financial debts43 | €10 | - | - | - | - | - |
| Credit institutions430/8 | €10 | - | - | - | - | - |
| Trade debts44 | €10,142 | €3,875 | €7,860 | €1,822 | €3,304 | ▲ 81.4% |
| Suppliers440/4 | €10,142 | €3,875 | €7,860 | €1,822 | €3,304 | ▲ 81.4% |
| Taxes, remuneration and social security45 | €4,637 | €3,686 | €4,379 | €3,403 | €3,807 | ▲ 11.9% |
| Taxes450/3 | €4,637 | €3,686 | €4,379 | €3,403 | €3,807 | ▲ 11.9% |
| Other amounts payable47/48 | €36,291 | €50,062 | €56,370 | €59,798 | €56,178 | ▼ 6.1% |
| Accrued charges and deferred income492/3 | €344 | - | €81 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,585 | €4,247 | €12,573 | €23,758 | €24,794 | ▲ 4.4% |
| + Depreciation and write-downs630 | €4,689 | €376 | €1,069 | €1,206 | €1,206 | = |
| Operating cash flow (approximation) | -€6,896 | €4,623 | €13,642 | €24,964 | €25,999 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | €0 | -€4,151 | -€20 | €20 | ▲ 200% |
| Change in cash | - | €5,606 | -€2,002 | -€205 | -€1,740 | ▼ 749% |
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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €24,794 ▲4.4%
Operating result €30,082, net result €24,794, both a record.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,247
Net result €4,247 after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
17-05
KBO administration
Strikeout withdrawal
event 12-04-2021
12-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 255 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 378 days late
2019
31-12
Financial
Weakest financial yearnet -€12,899
Net result drops to -€12,899, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 483 days late
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 505 days late
SignalFinancial 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, Ramillies · 1 establishment unit since 2002
Ground area
2,458 m²
Building footprint
157 m²
Volume, LiDAR
876 m³
Parcel 25067B0496/00L000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BIJOUX JUST'IN
since 20022.115.202.883
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25067B0496/00L000 | Wallonia | 2,458 m² | 1 · 157 m² | 8.6 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,530 companies in sector 32123 we hold annual accounts for 225. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
32123Manufacture of jewellery
46480Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478869105
Also
9925:BE0478869105
Registered
10-01-2026
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.