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Inno@Work

Active
Private limited companyfounded 20242 yrs activeKruisboogstraat 21, 3920 Lommel, BelgiumKBO/BCE: BE 1004.998.588
Summary

Inno@Work has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11,153 and a net result of €6,153. Its solvency ranks better than 19% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes
Profitability81
Solvency43
Growth-
Track record67
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.22; short-term debt: 81.4% and cash: 10.1% of total assets), and 82.1% of the assets are financed with debt.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
17.9%
Return on assets
9.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 37948 sector peers (2024).
NBB · sector comparison
Position among 37948 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 January 2024, Inno@Work was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€11,153
Total assets
€62,249
Net result
€6,153
Working capital
-€39,450

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €62,249
Fixed assets €51,004
Current assets €11,245
Equity and liabilities €62,249
Equity €11,153
Debt €51,095
Debt finances 82.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€17,046
Cash flow
€14,894
Current ratio
0.22
Debt to equity
4.58
ROE
55.2%
ROA
9.9%
Interest coverage
40.56
Debt ≤ 1 year
€50,694
Income taxes
€1,732

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 7,976 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
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€62,249
Fixed assets21/28€51,004
Tangible fixed assets22/27€51,004
Furniture and vehicles24€51,004
Current assets29/58€11,245
Amounts receivable within one year40/41€4,550
Trade receivables40€4,175
Other amounts receivable41€375
Cash at bank and in hand54/58€6,277
Deferred charges and accrued income490/1€418
Equity and liabilities
Total equity and liabilities10/49€62,249
Equity10/15€11,153
Contributions10/11€5,000
Reserves13€6,153
Distributable reserves133€6,153
Amounts payable17/49€51,095
Amounts payable within one year42/48€50,694
Trade debts44€60
Suppliers440/4€60
Taxes, remuneration and social security45€1,732
Taxes450/3€1,732
Other amounts payable47/48€48,903
Accrued charges and deferred income492/3€401
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,741
Gross operating margin9900€17,046
Operating profit (loss)9901€8,305
Financial charges65/66B€420
Recurring financial charges65€420
Profit (loss) for the period before taxes9903€7,885
Income taxes67/77€1,732
Profit (loss) for the period9904€6,153
Profit (loss) for the period to be appropriated9905€6,153
Appropriation of the result
Profit (loss) to be appropriated9906€6,153
Transfer to equity691/2€6,153
To other reserves6921€6,153

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,741
Gross operating margin9900€17,046
Operating profit (loss)9901€8,305
Financial charges65/66B€420
Recurring financial charges65€420
Profit (loss) for the period before taxes9903€7,885
Income taxes67/77€1,732
Profit (loss) for the period9904€6,153
Profit (loss) for the period to be appropriated9905€6,153
Line2024
Assets
Total assets20/58€62,249
Fixed assets21/28€51,004
Tangible fixed assets22/27€51,004
Furniture and vehicles24€51,004
Current assets29/58€11,245
Amounts receivable within one year40/41€4,550
Trade receivables40€4,175
Other amounts receivable41€375
Cash at bank and in hand54/58€6,277
Deferred charges and accrued income490/1€418
Equity and liabilities
Total equity and liabilities10/49€62,249
Equity10/15€11,153
Contributions10/11€5,000
Reserves13€6,153
Distributable reserves133€6,153
Amounts payable17/49€51,095
Amounts payable within one year42/48€50,694
Trade debts44€60
Suppliers440/4€60
Taxes, remuneration and social security45€1,732
Taxes450/3€1,732
Other amounts payable47/48€48,903
Accrued charges and deferred income492/3€401
Line2024
Profit (loss) for the period9904€6,153
+ Depreciation and write-downs630€8,741
Operating cash flow (approximation)€14,894

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Lommel · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
828 m²
Building footprint
182 m²
Volume, LiDAR
881 m³
Parcel 72344D0087/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Inno@Work
Kruisboogstraat 21, 3920 LommelComputing infrastructure, data processing, hosting and other information service activities
since 20242.354.626.597
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72344D0087/00G000 Flanders 828 m² 1 · 182 m² 8.3 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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 848 EUR awarded · 848 EUR paid
Year Entries awardedpaid
2025 1 234 EUR234 EUR
2024 1 614 EUR614 EUR
Schemes
2 entries · 848 EUR · 848 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 24,159 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
Founded22-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004998588
Also 9925:BE1004998588
Registered 11-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.