INKA
ActiveSummary
INKA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €496k and a net result of €97k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+18
Solvency38=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.03 in 2023; short-term debt: 46.8% and cash: 1.4% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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
50 d late
2023
5 d late
2022
41 d early
2021
4 d late
2020
47 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€496k▲ 14.7%
2023 · €433k
2018: €291klowest in 7 years
2019: €322k▲ +10.4% vs 2018
2020: €334k▲ +3.9% vs 2019
2021: €345k▲ +3.3% vs 2020
2022: €438k▲ +26.9% vs 2021
2023: €433k▼ -1.2% vs 2022
2024: €496k▲ +14.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€3.85M▲ 17.6%
2023 · €3.27M
2018: €1.38Mlowest in 7 years
2019: €2.64M▲ +92.0% vs 2018
2020: €3.07M▲ +16.2% vs 2019
2021: €3.46M▲ +12.8% vs 2020
2022: €3.44M▼ -0.6% vs 2021
2023: €3.27M▼ -5.0% vs 2022
2024: €3.85M▲ +17.6% vs 2023highest in 7 years
2018 → 2024
Net result
€97k▲ 332%
2023 · €22k
2018: €76k
2019: €30k▼ -60.2% vs 2018
2020: €13k▼ -58.0% vs 2019
2021: €11k▼ -12.6% vs 2020lowest in 7 years
2022: €93k▲ +739% vs 2021
2023: €22k▼ -75.9% vs 2022
2024: €97k▲ +332% vs 2023highest in 7 years
2018 → 2024
Working capital
€57k▲ 26.4%
2023 · €45k
2018: €258khighest in 7 years
2019: €257k▼ -0.5% vs 2018
2020: €-22k▼ -109% vs 2019
2021: €-145k▼ -558% vs 2020lowest in 7 years
2022: €31k▲ +121% vs 2021
2023: €45k▲ +46.2% vs 2022
2024: €57k▲ +26.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€334k-€345k▲ 3.3%€438k▲ 26.9%€433k▼ 1.2%€496k▲ 14.7%
2020: €334klowest in 5 years
2021: €345k▲ +3.3% vs 2020
2022: €438k▲ +26.9% vs 2021
2023: €433k▼ -1.2% vs 2022
2024: €496k▲ +14.7% vs 2023highest in 5 years
Operating result€65k-€50k▼ 23.6%€146k▲ 194%€76k▼ 47.9%€194k▲ 156%
2020: €65k
2021: €50k▼ -23.6% vs 2020lowest in 5 years
2022: €146k▲ +194% vs 2021
2023: €76k▼ -47.9% vs 2022
2024: €194k▲ +156% vs 2023highest in 5 years
Net result€13k-€11k▼ 12.6%€93k▲ 739%€22k▼ 75.9%€97k▲ 332%
2020: €13k
2021: €11k▼ -12.6% vs 2020lowest in 5 years
2022: €93k▲ +739% vs 2021
2023: €22k▼ -75.9% vs 2022
2024: €97k▲ +332% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 156% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.85M
Fixed assets
€1.99M ▲ 11.7%
Current assets
€1.86M ▲ 24.7%
Equity and liabilities €3.85M
Equity
€496k ▲ 14.7%
Debt
€3.35M ▲ 18.1%
Debt's share of the balance-sheet total rises from 86.8% to 87.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€343k▲
2023 · €191k
Cash flow
€246k▲
2023 · €137k
Current ratio
1.03=
2023 · 1.03
Quick ratio
0.67▲
2023 · 0.54
Debt to equity
6.76▲
2023 · 6.56
ROE
19.5%▲
2023 · 5.2%
ROA
2.5%▲
2023 · 0.7%
Interest coverage
6.12▲
2023 · 4.18
Debt ≤ 1 year
€1.80M▲
2023 · €1.44M
Debt > 1 year
€1.55M▲
2023 · €1.40M
Income taxes
€45k▲
2023 · €12k
Staff costs
€414k▲
2023 · €309k
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 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.27M€3.85M▲
Fixed assets21/28€1.78M€1.99M▲
Tangible fixed assets22/27€1.78M€1.99M▲
Land and buildings22€1.31M€1.49M▲
Plant, machinery and equipment23€467k€453k▼
Furniture and vehicles24€6k€50k▲
Financial fixed assets28€2k€4k▲
Current assets29/58€1.49M€1.86M▲
Amounts receivable after more than one year29€69k€69k=
Trade receivables290€69k€69k=
Stocks and contracts in progress3€706k€654k▼
Stocks30/36€706k€654k▼
Amounts receivable within one year40/41€621k€1.06M▲
Trade receivables40€613k€1.01M▲
Other amounts receivable41€8k€50k▲
Cash at bank and in hand54/58€91k€54k▼
Deferred charges and accrued income490/1€2k€19k▲
Equity and liabilities
Total equity and liabilities10/49€3.27M€3.85M▲
Equity10/15€433k€496k▲
Contributions10/11€109k€109k=
Reserves13€324k€388k▲
Distributable reserves133€324k€388k▲
Amounts payable17/49€2.84M€3.35M▲
Amounts payable after more than one year17€1.40M€1.55M▲
Financial debts170/4€1.40M€1.55M▲
Amounts payable within one year42/48€1.44M€1.80M▲
Current portion of amounts payable after more than one year42€85k€129k▲
Financial debts43€270k€210k▼
Credit institutions430/8€270k€210k▼
Trade debts44€399k€835k▲
Suppliers440/4€399k€835k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€104k€100k▼
Taxes450/3€65k€64k▼
Remuneration and social security454/9€40k€36k▼
Other amounts payable47/48€584k€526k▼
Accrued charges and deferred income492/3€240€152▼
Income statement
Code20232024
Non-recurring operating income76A-€10k
Remuneration, social security and pensions62€309k€414k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€149k▲
Other operating charges640/8€18k€16k▼
Non-recurring operating charges66A€146-
Gross operating margin9900€518k€774k▲
Operating profit (loss)9901€76k€194k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€46k€56k▲
Recurring financial charges65€46k€56k▲
Non-recurring financial charges66B€250-
Profit (loss) for the period before taxes9903€35k€142k▲
Income taxes67/77€12k€45k▲
Profit (loss) for the period9904€22k€97k▲
Profit (loss) for the period to be appropriated9905€22k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€97k▲
Transfer from equity791/2€28k€33k▲
Transfer to equity691/2€22k€97k▲
To other reserves6921€22k€97k▲
Profit to be distributed694/7€28k€33k▲
Return on contributions (dividend)694€28k€33k▲
Social balance
Average headcount (FTE)90878.36.7▼
The notes to these accounts (19 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 | - | €5k | - | - | €10k | - |
| Remuneration, social security and pensions62 | - | €182k | €206k | €309k | €414k | ▲ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90k | €107k | €113k | €115k | €149k | ▲ 29.7% |
| Other operating charges640/8 | - | €5k | €21k | €18k | €16k | ▼ 11.3% |
| Non-recurring operating charges66A | - | - | €596 | €146 | - | - |
| Gross operating margin9900 | €325k | €344k | €486k | €518k | €774k | ▲ 49.5% |
| Operating profit (loss)9901 | €65k | €50k | €146k | €76k | €194k | ▲ 156% |
| Financial income75/76B | - | €9k | €4k | €5k | €4k | ▼ 12.2% |
| Recurring financial income75 | €4k | €4k | €4k | €5k | €4k | ▼ 12.2% |
| Non-recurring financial income76B | - | €5k | - | - | - | - |
| Financial charges65/66B | - | €46k | €45k | €46k | €56k | ▲ 22.0% |
| Recurring financial charges65 | €55k | €45k | €45k | €46k | €56k | ▲ 22.7% |
| Non-recurring financial charges66B | - | €1k | - | €250 | - | - |
| Profit (loss) for the period before taxes9903 | €15k | €13k | €105k | €35k | €142k | ▲ 310% |
| Income taxes67/77 | €2k | €2k | €12k | €12k | €45k | ▲ 269% |
| Profit (loss) for the period9904 | €13k | €11k | €93k | €22k | €97k | ▲ 332% |
| Profit (loss) for the period to be appropriated9905 | €13k | €11k | €93k | €22k | €97k | ▲ 332% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.07M | €3.46M | €3.44M | €3.27M | €3.85M | ▲ 17.6% |
| Fixed assets21/28 | €2.01M | €2.06M | €1.89M | €1.78M | €1.99M | ▲ 11.7% |
| Tangible fixed assets22/27 | €2.00M | €1.97M | €1.88M | €1.78M | €1.99M | ▲ 11.6% |
| Land and buildings22 | - | €1.44M | €1.37M | €1.31M | €1.49M | ▲ 13.5% |
| Plant, machinery and equipment23 | - | €518k | €502k | €467k | €453k | ▼ 3.0% |
| Furniture and vehicles24 | - | €4k | €5k | €6k | €50k | ▲ 689% |
| Leasing and similar rights25 | - | €6k | €3k | - | - | - |
| Financial fixed assets28 | €7k | €90k | €7k | €2k | €4k | ▲ 92.4% |
| Current assets29/58 | €1.07M | €1.41M | €1.56M | €1.49M | €1.86M | ▲ 24.7% |
| Amounts receivable after more than one year29 | - | - | €82k | €69k | €69k | = |
| Trade receivables290 | - | - | €82k | €69k | €69k | = |
| Stocks and contracts in progress3 | €393k | €718k | €656k | €706k | €654k | ▼ 7.4% |
| Stocks30/36 | - | €718k | €656k | €706k | €654k | ▼ 7.4% |
| Amounts receivable within one year40/41 | €589k | €595k | €671k | €621k | €1.06M | ▲ 70.8% |
| Trade receivables40 | - | €576k | €663k | €613k | €1.01M | ▲ 64.8% |
| Other amounts receivable41 | - | €19k | €8k | €8k | €50k | ▲ 555% |
| Cash at bank and in hand54/58 | €82k | €93k | €145k | €91k | €54k | ▼ 40.5% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | €2k | €19k | ▲ 872% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.07M | €3.46M | €3.44M | €3.27M | €3.85M | ▲ 17.6% |
| Equity10/15 | €334k | €345k | €438k | €433k | €496k | ▲ 14.7% |
| Contributions10/11 | - | €109k | €109k | €109k | €109k | = |
| Reserves13 | €226k | €237k | €330k | €324k | €388k | ▲ 19.6% |
| Distributable reserves133 | - | €237k | €330k | €324k | €388k | ▲ 19.6% |
| Amounts payable17/49 | €2.74M | €3.12M | €3.01M | €2.84M | €3.35M | ▲ 18.1% |
| Amounts payable after more than one year17 | €1.65M | €1.56M | €1.48M | €1.40M | €1.55M | ▲ 11.2% |
| Financial debts170/4 | - | €1.56M | €1.48M | €1.40M | €1.55M | ▲ 11.2% |
| Amounts payable within one year42/48 | €1.09M | €1.55M | €1.52M | €1.44M | €1.80M | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | - | €82k | €84k | €85k | €129k | ▲ 52.5% |
| Financial debts43 | - | €270k | €300k | €270k | €210k | ▼ 22.2% |
| Credit institutions430/8 | - | €270k | €300k | €270k | €210k | ▼ 22.2% |
| Trade debts44 | €544k | €537k | €455k | €399k | €835k | ▲ 109% |
| Suppliers440/4 | - | €537k | €455k | €399k | €835k | ▲ 109% |
| Advances received on contracts in progress46 | - | €15 | €2k | €3k | - | - |
| Taxes, remuneration and social security45 | - | €61k | €94k | €104k | €100k | ▼ 3.8% |
| Taxes450/3 | - | €37k | €65k | €65k | €64k | ▼ 1.1% |
| Remuneration and social security454/9 | - | €24k | €29k | €40k | €36k | ▼ 8.2% |
| Other amounts payable47/48 | - | €603k | €590k | €584k | €526k | ▼ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €240 | €152 | ▼ 36.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €11k | €93k | €22k | €97k | ▲ 332% |
| + Depreciation and write-downs630 | €90k | €107k | €113k | €115k | €149k | ▲ 29.7% |
| Operating cash flow (approximation) | €103k | €118k | €206k | €137k | €246k | ▲ 78.9% |
| Investment in fixed assets (approximation) | - | €-156k | €54k | €-11k | €-358k | ▼ 3,102% |
| Change in cash | - | €11k | €52k | €-54k | €-37k | ▲ 32.5% |
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
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
31-12
Financial
Highest result since 2018net €97k ▲332%
Operating result €194k, net result €97k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €11k ▼12.6%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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.
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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, Lier · 1 establishment unit since 2009
Ground area
1,733 m²
Building footprint
1,085 m²
Volume, LiDAR
98 m³
Parcel 12392A0348/00S000, Flanders · tallest building 3.0 m. Linked by address, not a title deed.
1 establishment unit
INKA
since 20092.177.856.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0348/00S000 | Flanders | 1,733 m² | 1 · 1,085 m² | 3.0 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 67,787 EUR awarded · 67,694 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 25,490 EUR | 25,397 EUR |
| 2024 | 1 | 20,650 EUR | 20,650 EUR |
| 2023 | 1 | 11,761 EUR | 11,761 EUR |
| 2022 | 1 | 9,886 EUR | 9,886 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Individueel Maatwerk
Recognitions · licences · registrations
Legal Entity Identifier
8945001K6SKG7TEZQV48
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Of 199 companies in sector 46425 we hold annual accounts for 135. 98 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
Founded07-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
46425Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.