INKONOX
ActiveINKONOX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €719k and a net result of €56k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-14
Solvency64▲+5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.76 in 2024; short-term debt: 45.2% and cash: 25.1% of total assets), but 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.2%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €719k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
13 d early
2022
39 d early
2021
31 d early
2020
46 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k▼ 80.8%
2024 · €289k
2018: €158k
2019: €180k
2020: €9k
2021: €109k
2022: €86k
2023: €-306k
2024: €289k
2018 → 2025
Working capital
€775k▲ 7.2%
2024 · €723k
2018: €622k
2019: €766k
2020: €589k
2021: €773k
2022: €824k
2023: €404k
2024: €723k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.37M▲ 6.6%€375k▼ 72.7%€664k▲ 77.2%€719k▲ 8.4%
Operating result€130k-€129k▼ 0.6%€-284k€312k€94k▼ 69.9%
Net result€109k-€86k▼ 21.5%€-306k€289k€56k▼ 80.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.82M
Fixed assets
€217k▼ 14.7%
Current assets
€1.61M▼ 4.0%
Equity and liabilities €1.84M
Equity
€719k▲ 8.4%
Debt
€1.12M▼ 12.8%
The debt ratio falls from 65.9% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202k▼
2024 · €533k
Cash flow
€164k▼
2024 · €510k
Solvency
39.2%▲
2024 · 34.1%
Current ratio
1.93▲
2024 · 1.76
Quick ratio
1.18▲
2024 · 1.03
Debt / equity
1.55▼
2024 · 1.93
ROE
7.7%▼
2024 · 43.6%
ROA
3.0%▼
2024 · 14.9%
Interest coverage
16.55▼
2024 · 25.30
Debt
€1.12M▼
2024 · €1.28M
Debt ≤ 1 year
€830k▼
2024 · €950k
Debt > 1 year
€285k▼
2024 · €331k
Income taxes
€26k▲
2024 · €5k
Staff costs
€1.00M▼
2024 · €1.06M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.95M€1.84M▼
Formation expenses20€18k€14k▼
Fixed assets21/28€254k€217k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€249k€213k▼
Land and buildings22€98k€108k▲
Plant, machinery and equipment23€86k€82k▼
Furniture and vehicles24€18k€1k▼
Leasing and similar rights25€47k€21k▼
Other tangible fixed assets26€1k€284▼
Financial fixed assets28€135€0▼
Current assets29/58€1.67M€1.61M▼
Stocks and contracts in progress3€693k€627k▼
Stocks30/36€635k€580k▼
Contracts in progress37€58k€47k▼
Amounts receivable within one year40/41€777k€486k▼
Trade receivables40€754k€441k▼
Other amounts receivable41€23k€45k▲
Cash at bank and in hand54/58€190k€461k▲
Deferred charges and accrued income490/1€13k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.95M€1.84M▼
Equity10/15€664k€719k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€601k€657k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€581k€637k▲
Profit (loss) carried forward14€390€390=
Amounts payable17/49€1.28M€1.12M▼
Amounts payable after more than one year17€331k€285k▼
Financial debts170/4€331k€285k▼
Amounts payable within one year42/48€950k€830k▼
Current portion of amounts payable after more than one year42€230k€303k▲
Trade debts44€559k€404k▼
Suppliers440/4€559k€404k▼
Taxes, remuneration and social security45€161k€123k▼
Taxes450/3€29k€0▼
Remuneration and social security454/9€132k€123k▼
Accrued charges and deferred income492/3€968€998▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.06M€1.00M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221k€108k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€2k▼
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.61M€1.21M▼
Operating profit (loss)9901€312k€94k▼
Financial income75/76B€3k€197▼
Recurring financial income75€1k€197▼
Non-recurring financial income76B€1k€0▼
Financial charges65/66B€21k€12k▼
Recurring financial charges65€21k€12k▼
Profit (loss) for the period before taxes9903€294k€82k▼
Income taxes67/77€5k€26k▲
Profit (loss) for the period9904€289k€56k▼
Profit (loss) for the period to be appropriated9905€289k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€290k€56k▼
Profit (loss) brought forward from the previous period14P€450€390▼
Transfer from equity791/2€0-
Transfer to equity691/2€289k€56k▼
To the legal reserve6920€3k€0▼
To other reserves6921€286k€56k▼
Social balance
Average headcount (FTE)908716.113.1▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €289k
Net result €289k after one loss-making year.
31-12
Financial
Equity above €500kEq €664k ▲77.2%
Equity rises from €375k to €664k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-306k ▼457%
Net result drops to €-306k, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €1MEq €1.17M ▲18.1%
2 profitable years in a row build equity to €1.17M.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Nazareth-De Pinte · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Venecoweg 159810 Nazareth-De PinteGround area
1.1 ha
Building footprint
2,078 m²
Volume, LiDAR
44 m³
Parcel 44048A0132/00T005, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 establishment unit
INKONOX
since 19982.088.310.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048A0132/00T005 | Flanders | 1.1 ha | 1 · 2,078 m² | 9.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 20,607 EUR awarded · 26,110 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 13,014 EUR |
| 2024 | 2 | 9,353 EUR | 9,341 EUR |
| 2023 | 2 | 2,807 EUR | 2,857 EUR |
| 2022 | 1 | 947 EUR | 898 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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HALMES Constructions
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Zulte · Eq €712k
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,456 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-09-1998
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25910Manufacture of fabricated metal products, except machinery and equipment
28110
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.