INHALE
ActiveSummary
The annual accounts of INHALE for fiscal year 2024 show a net loss of 87% of the equity at the start of that year. The 2024 annual accounts show equity of €54k and a net result of €-349k. Equity is growing by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 3022 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▼-40
Solvency26▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k 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 short (current ratio 0.17 against 0.17 in 2023; short-term debt: 63% and cash: 9% of total assets), and 98.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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 2024Solvency, return and age of the figures
Solvency
1.5%
Return on assets
-9.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
60 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€54k▼ 86.7%
2023 · €402k
2018: €-3klowest in 7 years
2019: €-3k▲ +13.1% vs 2018
2020: €166k▲ +6194% vs 2019
2021: €246k▲ +47.7% vs 2020
2022: €310k▲ +26.2% vs 2021
2023: €402k▲ +29.8% vs 2022highest in 7 years
2024: €54k▼ -86.7% vs 2023
2018 → 2024
Total assets
€3.64M▲ 8.1%
2023 · €3.37M
2018: €52klowest in 7 years
2019: €301k▲ +482% vs 2018
2020: €1.40M▲ +364% vs 2019
2021: €471k▼ -66.3% vs 2020
2022: €508k▲ +7.9% vs 2021
2023: €3.37M▲ +562% vs 2022
2024: €3.64M▲ +8.1% vs 2023highest in 7 years
2018 → 2024
Net result
€-349k
2023 · €92k
2018: €-9k
2019: €412▲ +104% vs 2018
2020: €169k▲ +40986% vs 2019highest in 7 years
2021: €79k▼ -53.1% vs 2020
2022: €64k▼ -19.0% vs 2021
2023: €92k▲ +43.8% vs 2022
2024: €-349k▼ -477% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-1.90M▼ 43.4%
2023 · €-1.33M
2018: €-22k
2019: €-17k▲ +25.3% vs 2018
2020: €99k▲ +689% vs 2019
2021: €178k▲ +80.0% vs 2020
2022: €262k▲ +47.3% vs 2021highest in 7 years
2023: €-1.33M▼ -606% vs 2022
2024: €-1.90M▼ -43.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€166k-€246k▲ 47.7%€310k▲ 26.2%€402k▲ 29.8%€54k▼ 86.7%
2020: €166k
2021: €246k▲ +47.7% vs 2020
2022: €310k▲ +26.2% vs 2021
2023: €402k▲ +29.8% vs 2022highest in 5 years
2024: €54k▼ -86.7% vs 2023lowest in 5 years
Operating result€222k-€104k▼ 53.3%€88k▼ 15.1%€111k▲ 26.8%€-296k
2020: €222khighest in 5 years
2021: €104k▼ -53.3% vs 2020
2022: €88k▼ -15.1% vs 2021
2023: €111k▲ +26.8% vs 2022
2024: €-296k▼ -365% vs 2023lowest in 5 years
Net result€169k-€79k▼ 53.1%€64k▼ 19.0%€92k▲ 43.8%€-349k
2020: €169khighest in 5 years
2021: €79k▼ -53.1% vs 2020
2022: €64k▼ -19.0% vs 2021
2023: €92k▲ +43.8% vs 2022
2024: €-349k▼ -477% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €296k after €111k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.64M
Fixed assets
€3.25M ▲ 5.2%
Current assets
€386k ▲ 39.6%
Equity and liabilities €3.64M
Equity
€54k ▼ 86.7%
Debt
€3.58M ▲ 20.9%
Debt's share of the balance-sheet total rises from 88.0% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€161k▼
2023 · €205k
Cash flow
€108k▼
2023 · €186k
Current ratio
0.17▼
2023 · 0.17
Debt to equity
66.79▲
2023 · 7.36
ROE
-650.1%▼
2023 · 23.0%
ROA
-9.6%▼
2023 · 2.7%
Interest coverage
3.03▼
2023 · 10.78
Debt ≤ 1 year
€2.29M▲
2023 · €1.60M
Debt > 1 year
€1.29M▼
2023 · €1.36M
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.37M€3.64M▲
Fixed assets21/28€3.09M€3.25M▲
Tangible fixed assets22/27€3.09M€3.25M▲
Land and buildings22€3.06M€3.23M▲
Furniture and vehicles24€29k€16k▼
Current assets29/58€277k€386k▲
Stocks and contracts in progress3€17k-
Stocks30/36€17k-
Amounts receivable within one year40/41€223k€58k▼
Trade receivables40€13k€4k▼
Other amounts receivable41€210k€54k▼
Cash at bank and in hand54/58€34k€326k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.37M€3.64M▲
Equity10/15€402k€54k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€396k€47k▼
Amounts payable17/49€2.96M€3.58M▲
Amounts payable after more than one year17€1.36M€1.29M▼
Financial debts170/4€1.36M€1.29M▼
Amounts payable within one year42/48€1.60M€2.29M▲
Current portion of amounts payable after more than one year42€17k€69k▲
Financial debts43-€750k
Credit institutions430/8-€750k
Trade debts44€1.13M€680k▼
Suppliers440/4€1.13M€680k▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€2k€20k▲
Taxes450/3€2k€20k▲
Other amounts payable47/48€459k€751k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Non-recurring operating income76A-€61k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€456k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€208k€162k▼
Operating profit (loss)9901€111k€-296k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€19k€53k▲
Recurring financial charges65€19k€53k▲
Profit (loss) for the period before taxes9903€92k€-349k▼
Profit (loss) for the period9904€92k€-349k▼
Profit (loss) for the period to be appropriated9905€92k€-349k▼
Appropriation of the result
Profit (loss) to be appropriated9906€396k€47k▼
Profit (loss) brought forward from the previous period14P€304k€396k▲
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €61k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €20k | €20k | €94k | €456k | ▲ 386% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €1k | ▼ 57.7% |
| Gross operating margin9900 | €297k | €126k | €109k | €208k | €162k | ▼ 22.2% |
| Operating profit (loss)9901 | €222k | €104k | €88k | €111k | €-296k | ▼ 365% |
| Financial income75/76B | - | - | €60 | €0 | €1 | ▲ 10,600% |
| Recurring financial income75 | - | - | €60 | €0 | €1 | ▲ 10,600% |
| Financial charges65/66B | - | €2k | €2k | €19k | €53k | ▲ 179% |
| Recurring financial charges65 | €6k | €2k | €2k | €19k | €53k | ▲ 179% |
| Profit (loss) for the period before taxes9903 | €216k | €101k | €86k | €92k | €-349k | ▼ 477% |
| Income taxes67/77 | €47k | €22k | €22k | - | - | - |
| Profit (loss) for the period9904 | €169k | €79k | €64k | €92k | €-349k | ▼ 477% |
| Profit (loss) for the period to be appropriated9905 | €169k | €79k | €64k | €92k | €-349k | ▼ 477% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.40M | €471k | €508k | €3.37M | €3.64M | ▲ 8.1% |
| Fixed assets21/28 | €88k | €68k | €48k | €3.09M | €3.25M | ▲ 5.2% |
| Intangible fixed assets21 | €1k | €400 | - | - | - | - |
| Tangible fixed assets22/27 | €87k | €67k | €48k | €3.09M | €3.25M | ▲ 5.2% |
| Land and buildings22 | - | - | - | €3.06M | €3.23M | ▲ 5.7% |
| Furniture and vehicles24 | - | €67k | €48k | €29k | €16k | ▼ 45.7% |
| Current assets29/58 | €1.31M | €403k | €460k | €277k | €386k | ▲ 39.6% |
| Stocks and contracts in progress3 | €792k | €160k | €149k | €17k | - | - |
| Stocks30/36 | - | €160k | €149k | €17k | - | - |
| Amounts receivable within one year40/41 | €233k | €107k | €128k | €223k | €58k | ▼ 73.8% |
| Trade receivables40 | - | €6k | €34k | €13k | €4k | ▼ 70.7% |
| Other amounts receivable41 | - | €100k | €93k | €210k | €54k | ▼ 74.0% |
| Cash at bank and in hand54/58 | €285k | €131k | €183k | €34k | €326k | ▲ 873% |
| Deferred charges and accrued income490/1 | - | €6k | €132 | €3k | €2k | ▼ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.40M | €471k | €508k | €3.37M | €3.64M | ▲ 8.1% |
| Equity10/15 | €166k | €246k | €310k | €402k | €54k | ▼ 86.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €160k | €240k | €304k | €396k | €47k | ▼ 88.0% |
| Amounts payable17/49 | €1.23M | €225k | €198k | €2.96M | €3.58M | ▲ 20.9% |
| Amounts payable after more than one year17 | €19k | - | - | €1.36M | €1.29M | ▼ 5.1% |
| Financial debts170/4 | - | - | - | €1.36M | €1.29M | ▼ 5.1% |
| Amounts payable within one year42/48 | €1.21M | €225k | €198k | €1.60M | €2.29M | ▲ 42.7% |
| Current portion of amounts payable after more than one year42 | - | €19k | - | €17k | €69k | ▲ 310% |
| Financial debts43 | - | - | - | - | €750k | - |
| Credit institutions430/8 | - | - | - | - | €750k | - |
| Trade debts44 | €13k | €6k | €88k | €1.13M | €680k | ▼ 39.7% |
| Suppliers440/4 | - | €6k | €88k | €1.13M | €680k | ▼ 39.7% |
| Advances received on contracts in progress46 | - | - | - | - | €20k | - |
| Taxes, remuneration and social security45 | - | €72k | €465 | €2k | €20k | ▲ 984% |
| Taxes450/3 | - | €72k | €465 | €2k | €20k | ▲ 984% |
| Other amounts payable47/48 | - | €128k | €109k | €459k | €751k | ▲ 63.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169k | €79k | €64k | €92k | €-349k | ▼ 477% |
| + Depreciation and write-downs630 | €11k | €20k | €20k | €94k | €456k | ▲ 386% |
| Operating cash flow (approximation) | €180k | €100k | €84k | €186k | €108k | ▼ 42.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-3.13M | €-618k | ▲ 80.3% |
| Change in cash | - | €-154k | €52k | €-150k | €293k | ▲ 296% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-349k
Net result drops to €-349k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €246k ▲47.7%
3 profitable years in a row build equity to €246k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €169k ▲40,986%
Operating result €222k, net result €169k, both a record.
31-12
Financial
Equity above €150kEq €166k
2 profitable years in a row build equity to €166k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €412
Net result €412 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lievens-Houtem · 1 establishment unit since 2017
Ground area
7,752 m²
Building footprint
171 m²
Volume, LiDAR
977 m³
Parcel 41072B0211/00E000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
INHALE
since 20172.269.307.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41072B0211/00E000 | Flanders | 7,752 m² | 1 · 171 m² | 7.4 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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Of 6,727 companies in sector 93299 we hold annual accounts for 1,168. 910 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
Founded29-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.