InnoC
ActiveSummary
InnoC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,082 and a net result of €17,597. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+12
Solvency47▼-27
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 2.41 in 2023; short-term debt: 69.6% and cash: 37.1% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Six 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 · 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
21.7%
Return on assets
10.6%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 37948 sector peers (2024).
NBB · sector comparisonPosition among 37948 sector peers
Solvency
better than 22%
← 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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
32 d early
2022
32 d early
2021
9 d early
2020
7 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 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)
History
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Financials · fiscal year 2024, micro schema
Equity
€36,082▼ 82.5%
2023 · €205,890
Total assets
€165,940▼ 60.9%
2023 · €424,217
Net result
€17,597▲ 288%
2023 · €4,535
Working capital
€35,419▼ 85.1%
2023 · €237,279
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€42,367▼ 12.6%€43,191▲ 1.9%-€7,962€3,804€23,886▲ 528%
Net result€33,739▼ 0.4%€34,466▲ 2.2%-€8,255€4,535€17,597▲ 288%
Equity€175,144▲ 23.9%€209,610▲ 19.7%€201,355▼ 3.9%€205,890▲ 2.3%€36,082▼ 82.5%
Total assets€237,558▲ 15.9%€290,039▲ 22.1%€281,377▼ 3.0%€424,217▲ 50.8%€165,940▼ 60.9%
Debt€62,414▼ 1.8%€80,429▲ 28.9%€80,022▼ 0.5%€218,326▲ 173%€129,858▼ 40.5%
Working capital€175,144▲ 23.9%€209,610▲ 19.7%€190,964▼ 8.9%€237,279▲ 24.3%€35,419▼ 85.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Equity -82%, Total assets -61% on 2023. Cause not known from the registers.
- 2023 Total assets +51% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 528% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165,940
Fixed assets
€14,983 ▼ 18.1%
Current assets
€150,957 ▼ 62.8%
Equity and liabilities €165,940
Equity
€36,082 ▼ 82.5%
Debt
€129,858 ▼ 40.5%
Debt's share of the balance-sheet total rises from 51.5% to 78.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31,785▲
2023 · €10,929
Cash flow
€25,496▲
2023 · €11,660
Current ratio
1.31▼
2023 · 2.41
Quick ratio
0.86▼
2023 · 2.31
Debt to equity
3.60▲
2023 · 1.06
ROE
48.8%▲
2023 · 2.2%
ROA
10.6%▲
2023 · 1.1%
Interest coverage
156.10▲
2023 · 48.52
Debt ≤ 1 year
€115,538▼
2023 · €168,636
Debt > 1 year
€14,320=
2023 · €14,320
Income taxes
€6,113▲
2023 · €132
Staff costs
€76▲
2023 · €71
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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%.
| 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 5,049 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €65 | €71 | €76 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103 | - | €1,671 | €7,125 | €7,899 | ▲ 10.9% |
| Other operating charges640/8 | - | - | - | - | €159 | - |
| Gross operating margin9900 | €42,568 | €43,191 | -€6,226 | €11,000 | €32,020 | ▲ 191% |
| Operating profit (loss)9901 | €42,367 | €43,191 | -€7,962 | €3,804 | €23,886 | ▲ 528% |
| Financial income75/76B | - | €3,985 | €4,400 | €1,088 | €27 | ▼ 97.5% |
| Recurring financial income75 | €3,801 | €3,985 | €4,400 | €1,088 | €27 | ▼ 97.5% |
| Financial charges65/66B | - | €79 | €4,660 | €225 | €204 | ▼ 9.6% |
| Recurring financial charges65 | €171 | €79 | €4,660 | €225 | €204 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €45,997 | €47,096 | -€8,222 | €4,666 | €23,709 | ▲ 408% |
| Income taxes67/77 | €12,258 | €12,630 | €33 | €132 | €6,113 | ▲ 4,548% |
| Profit (loss) for the period9904 | €33,739 | €34,466 | -€8,255 | €4,535 | €17,597 | ▲ 288% |
| Profit (loss) for the period to be appropriated9905 | €33,739 | €34,466 | -€8,255 | €4,535 | €17,597 | ▲ 288% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237,558 | €290,039 | €281,377 | €424,217 | €165,940 | ▼ 60.9% |
| Fixed assets21/28 | - | - | €24,712 | €18,301 | €14,983 | ▼ 18.1% |
| Intangible fixed assets21 | - | - | €7,645 | €6,045 | €8,304 | ▲ 37.4% |
| Tangible fixed assets22/27 | - | - | €15,867 | €11,046 | €5,469 | ▼ 50.5% |
| Furniture and vehicles24 | - | - | €15,867 | €11,046 | €5,469 | ▼ 50.5% |
| Financial fixed assets28 | - | - | €1,200 | €1,210 | €1,210 | = |
| Current assets29/58 | €237,558 | €290,039 | €256,665 | €405,915 | €150,957 | ▼ 62.8% |
| Amounts receivable after more than one year29 | - | €70,000 | €120,000 | €120,000 | - | - |
| Other amounts receivable291 | - | €70,000 | €120,000 | €120,000 | - | - |
| Stocks and contracts in progress3 | - | - | - | €15,889 | €52,071 | ▲ 228% |
| Stocks30/36 | - | - | - | €15,889 | €52,071 | ▲ 228% |
| Amounts receivable within one year40/41 | €6,271 | €9,425 | €45,071 | €198,463 | €33,409 | ▼ 83.2% |
| Trade receivables40 | - | €133 | €21,528 | €174,998 | €26,156 | ▼ 85.1% |
| Other amounts receivable41 | - | €9,293 | €23,543 | €23,465 | €7,253 | ▼ 69.1% |
| Cash at bank and in hand54/58 | €157,371 | €206,697 | €87,678 | €67,571 | €61,489 | ▼ 9.0% |
| Deferred charges and accrued income490/1 | - | €3,917 | €3,917 | €3,992 | €3,989 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237,558 | €290,039 | €281,377 | €424,217 | €165,940 | ▼ 60.9% |
| Equity10/15 | €175,144 | €209,610 | €201,355 | €205,890 | €36,082 | ▼ 82.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €12,400 | ▲ 100% |
| Reserves13 | €94,610 | €128,860 | €128,860 | €128,860 | €18,860 | ▼ 85.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €127,000 | €127,000 | €127,000 | €17,000 | ▼ 86.6% |
| Profit (loss) carried forward14 | €74,334 | €74,550 | €66,295 | €70,830 | €4,822 | ▼ 93.2% |
| Amounts payable17/49 | €62,414 | €80,429 | €80,022 | €218,326 | €129,858 | ▼ 40.5% |
| Amounts payable after more than one year17 | - | - | €14,320 | €14,320 | €14,320 | = |
| Financial debts170/4 | - | - | €14,320 | €14,320 | €14,320 | = |
| Amounts payable within one year42/48 | €62,414 | €80,429 | €65,702 | €168,636 | €115,538 | ▼ 31.5% |
| Financial debts43 | - | - | €125 | €1,105 | €496 | ▼ 55.1% |
| Credit institutions430/8 | - | - | €125 | €1,105 | €496 | ▼ 55.1% |
| Trade debts44 | €27,938 | €46,543 | €47,274 | €159,886 | €84,410 | ▼ 47.2% |
| Suppliers440/4 | - | €46,543 | €47,274 | €159,886 | €84,410 | ▼ 47.2% |
| Taxes, remuneration and social security45 | - | €28,379 | €18,302 | €7,645 | €8,721 | ▲ 14.1% |
| Taxes450/3 | - | €28,379 | €15,702 | €2,645 | €8,721 | ▲ 230% |
| Remuneration and social security454/9 | - | - | €2,600 | €5,000 | - | - |
| Other amounts payable47/48 | - | €5,506 | - | - | €21,910 | - |
| Accrued charges and deferred income492/3 | - | - | - | €35,370 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,739 | €34,466 | -€8,255 | €4,535 | €17,597 | ▲ 288% |
| + Depreciation and write-downs630 | €103 | - | €1,671 | €7,125 | €7,899 | ▲ 10.9% |
| Operating cash flow (approximation) | €33,842 | €34,466 | -€6,584 | €11,660 | €25,496 | ▲ 119% |
| Investment in fixed assets (approximation) | - | - | - | -€715 | -€4,581 | ▼ 541% |
| Change in cash | - | €49,326 | -€119,019 | -€20,107 | -€6,082 | ▲ 69.8% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,535
Net result €4,535 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€8,255
Net result drops to -€8,255, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €34,466 ▲2.2%
Net result €34,466, the highest in the series.
31-12
Financial
Equity above €200,000Eq €209,610 ▲19.7%
4 profitable years in a row build equity to €209,610.
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
31-12
Financial
Equity above €150,000Eq €175,144 ▲23.9%
3 profitable years in a row build equity to €175,144.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 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, Rixensart · 1 establishment unit since 2015
Ground area
878 m²
Building footprint
123 m²
Volume, LiDAR
910 m³
Parcel 25033D0216/00D000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
InnoC
since 20152.238.298.952
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033D0216/00D000 | Wallonia | 878 m² | 1 · 123 m² | 9.9 m · 3 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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 35,903 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
Founded09-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
02100Forestry and logging
02400Forestry and logging
72101Research and development on biotechnology
72109Other research and development on natural sciences
72200Scientific research and development
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568545110
Registered
20-11-2020
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.