INNODE
ActiveSummary
INNODE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of -€1.9m. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 3267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-27
Solvency89▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 22.07 in 2024; short-term debt: 6% and cash: 2.9% of total assets), and 36.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.9m
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-04-2026, 67 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
67 d late
2024
50 d early
2023
77 d early
2022
127 d early
2021
112 d early
2020
97 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 November (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.9m▼ 495%
2024 · -€323,129
Working capital
-€123,145
2024 · €567,423
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€180,280▲ 5.0%€80,304▼ 55.5%€80,045▼ 0.3%€123,220▲ 53.9%€234,006▲ 89.9%
Net result€117,552within the sector's middle half▼ 80.3%€38,832within the sector's middle half▼ 67.0%€41,077within the sector's middle half▲ 5.8%-€323,129below the sector's middle half-€1.9mbelow the sector's middle half▼ 495%
Equity€4.9mabove the sector's middle half▲ 289%€5.6mabove the sector's middle half▲ 13.1%€6.1mabove the sector's middle half▲ 10.0%€5.8mabove the sector's middle half▼ 5.3%€3.8mwithin the sector's middle half▼ 33.9%
Total assets€6.4mabove the sector's middle half▲ 313%€7.2mabove the sector's middle half▲ 11.8%€8.2mabove the sector's middle half▲ 13.5%€7.8mabove the sector's middle half▼ 4.1%€6.0mwithin the sector's middle half▼ 23.1%
Debt€1.5m▲ 417%€1.6m▲ 7.6%€2.1m▲ 25.4%€2.0m▼ 0.5%€2.2m▲ 7.7%
Working capital€884,465above the sector's middle half€291,748within the sector's middle half▼ 67.0%€645,652above the sector's middle half▲ 121%€567,423within the sector's middle half▼ 12.1%-€123,145within the sector's middle half
Solvency76.4%above the sector's middle half▼ 4.7pp77.3%above the sector's middle half▲ 0.9pp74.9%within the sector's middle half▼ 2.4pp74.0%within the sector's middle half▼ 0.9pp63.5%within the sector's middle half▼ 10.4pp
Current ratio55.47above the sector's middle half▲ 54.923.67above the sector's middle half▼ 51.8151.21above the sector's middle half▲ 47.5422.07above the sector's middle half▼ 29.130.66within the sector's middle half▼ 21.41
Return on assets (ROA)1.8%within the sector's middle half▼ 36.4pp0.5%within the sector's middle half▼ 1.3pp0.5%within the sector's middle half=-4.1%below the sector's middle half▼ 4.6pp-31.8%below the sector's middle half▼ 27.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets
€5.8m ▼ 20.1%
Current assets
€240,860 ▼ 59.5%
Equity and liabilities €6.0m
Equity
€3.8m ▼ 33.9%
Debt
€2.2m ▲ 7.7%
Debt's share of the balance-sheet total rises from 26.0% to 36.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.57▲
2024 · 0.35
ROE
-50.1%▼
2024 · -5.6%
Debt ≤ 1 year
€364,006▲
2024 · €26,924
Debt > 1 year
€1.8m▼
2024 · €2.0m
Income taxes
€58,102▲
2024 · €19,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,031 | - | - | - | - | - |
| Other operating charges640/8 | - | €932 | €1,441 | €1,774 | €2,149 | ▲ 21.2% |
| Gross operating margin9900 | €184,272 | €81,236 | €81,485 | €124,994 | €236,155 | ▲ 88.9% |
| Operating profit (loss)9901 | €180,280 | €80,304 | €80,045 | €123,220 | €234,006 | ▲ 89.9% |
| Financial income75/76B | - | €4,767 | €7,921 | €7,448 | €4,386 | ▼ 41.1% |
| Recurring financial income75 | €2,769 | €4,767 | €7,921 | €7,448 | €4,386 | ▼ 41.1% |
| Financial charges65/66B | - | €27,859 | €31,826 | €433,983 | €2.1m | ▲ 384% |
| Recurring financial charges65 | €10,863 | €27,859 | €31,826 | €33,983 | €7,929 | ▼ 76.7% |
| Non-recurring financial charges66B | - | - | - | €400,000 | €2.1m | ▲ 424% |
| Profit (loss) for the period before taxes9903 | €172,186 | €57,212 | €56,140 | -€303,314 | -€1.9m | ▼ 514% |
| Income taxes67/77 | €54,634 | €18,380 | €15,063 | €19,815 | €58,102 | ▲ 193% |
| Profit (loss) for the period9904 | €117,552 | €38,832 | €41,077 | -€323,129 | -€1.9m | ▼ 495% |
| Profit (loss) for the period to be appropriated9905 | €117,552 | €38,832 | €41,077 | -€323,129 | -€1.9m | ▼ 495% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €7.2m | €8.2m | €7.8m | €6.0m | ▼ 23.1% |
| Fixed assets21/28 | €5.5m | €6.8m | €7.5m | €7.2m | €5.8m | ▼ 20.1% |
| Financial fixed assets28 | €5.5m | €6.8m | €7.5m | €7.2m | €5.8m | ▼ 20.1% |
| Current assets29/58 | €900,702 | €401,180 | €658,511 | €594,347 | €240,860 | ▼ 59.5% |
| Amounts receivable after more than one year29 | - | €244,373 | €352,295 | €227,524 | - | - |
| Other amounts receivable291 | - | €244,373 | €352,295 | €227,524 | - | - |
| Amounts receivable within one year40/41 | €125,259 | €82,821 | €25,062 | €53,697 | €65,087 | ▲ 21.2% |
| Trade receivables40 | - | €18,700 | €15,125 | €18,016 | €41,739 | ▲ 132% |
| Other amounts receivable41 | - | €64,121 | €9,937 | €35,681 | €23,348 | ▼ 34.6% |
| Cash at bank and in hand54/58 | €562,193 | €73,844 | €280,988 | €312,996 | €175,774 | ▼ 43.8% |
| Deferred charges and accrued income490/1 | - | €142 | €167 | €130 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €7.2m | €8.2m | €7.8m | €6.0m | ▼ 23.1% |
| Equity10/15 | €4.9m | €5.6m | €6.1m | €5.8m | €3.8m | ▼ 33.9% |
| Contributions10/11 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Capital10 | - | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Issued capital100 | - | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Revaluation surpluses12 | - | €1.3m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €633,533 | €671,655 | €704,155 | €704,155 | €659,155 | ▼ 6.4% |
| Non-distributable reserves130/1 | - | €29,655 | €29,655 | €29,655 | €29,655 | = |
| Legal reserve130 | - | €29,655 | €29,655 | €29,655 | €29,655 | = |
| Distributable reserves133 | - | €642,000 | €674,500 | €674,500 | €629,500 | ▼ 6.7% |
| Profit (loss) carried forward14 | €283,261 | €283,971 | €292,548 | -€30,581 | -€2.0m | ▼ 6,284% |
| Amounts payable17/49 | €1.5m | €1.6m | €2.1m | €2.0m | €2.2m | ▲ 7.7% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €2.0m | €2.0m | €1.8m | ▼ 8.9% |
| Financial debts170/4 | - | €1.5m | €2.0m | €2.0m | €1.8m | ▼ 8.9% |
| Amounts payable within one year42/48 | €16,237 | €109,432 | €12,859 | €26,924 | €364,006 | ▲ 1,252% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €200,000 | - |
| Financial debts43 | - | €100,000 | - | - | - | - |
| Other loans439 | - | €100,000 | - | - | - | - |
| Trade debts44 | €1,709 | €4,077 | €748 | €1,048 | €1,910 | ▲ 82.2% |
| Suppliers440/4 | - | €4,077 | €748 | €1,048 | €1,910 | ▲ 82.2% |
| Taxes, remuneration and social security45 | - | - | €6,757 | - | €20,345 | - |
| Taxes450/3 | - | - | €6,757 | - | €20,345 | - |
| Other amounts payable47/48 | - | €5,355 | €5,355 | €25,876 | €141,750 | ▲ 448% |
| Accrued charges and deferred income492/3 | - | - | €519 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,552 | €38,832 | €41,077 | -€323,129 | -€1.9m | ▼ 495% |
| + Depreciation and write-downs630 | €3,031 | - | - | - | - | - |
| Operating cash flow (approximation) | €120,583 | €38,832 | €41,077 | -€323,129 | -€1.9m | ▼ 495% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€718,100 | €268,652 | €1.5m | ▲ 442% |
| Change in cash | - | -€488,349 | €207,144 | €32,008 | -€137,222 | ▼ 529% |
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
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 67 days late
2025
30-06
Financial
Weakest financial yearnet -€1.9m
Net result drops to -€1.9m, the lowest in the series.
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Liquidity times 14current ratio 51.21
Current ratio from 3.67 to 51.21; short-term debt falls from €109,432 to €12,859.
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €5mEq €5.6m ▲13.1%
4 profitable years in a row build equity to €5.6m.
2021
26-11
State Gazette act
General meeting · Capital increase
Bank account · Capital
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Liquidity times 101current ratio 55.47
Current ratio from 0.55 to 55.47; short-term debt falls from €294,195 to €16,237.
30-06
Financial
Equity above €2mEq €4.9m ▲289%
3 profitable years in a row build equity to €4.9m.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-06
Financial
Highest result since 2019net €595,668 ▲1,213%
Net result €595,668, the highest in the series.
30-06
Financial
Equity above €1mEq €1.3m ▲205%
2 profitable years in a row build equity to €1.3m.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1999
Ground area
1,336 m²
Building footprint
197 m²
Volume, LiDAR
1,362 m³
Parcel 21684B0038/00D020, Brussels · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Waterraaflaan 15, 1150 Sint-Pieters-Woluwe
since 19992.091.065.424
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0038/00D020 | Brussels | 1,335 m² | 1 · 197 m² | 11.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
16%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
AMNASSEN
Shared director
→
AMONIS
Shared director
→
COMPAGNIE DU BOIS SAUVAGE
Shared director
→
COMPAGNIE DU BOIS SAUVAGE SERVICES
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
European Sanitary Company
BE 0751.615.386
Pajottegem · Eq €3,834,538
PIPING LOGISTICS
BE 0433.328.692
Aalst · Eq €3,831,964
FRONTA CONSULTANTS
BE 0458.794.063
Brasschaat · Eq €3,836,542
PROGRESSIO
BE 0820.872.002
Haacht · Eq €3,830,967
ALISTAR BELGIË
BE 0469.649.056
Gent · Eq €3,837,331
Of 82,601 companies in this sector we hold annual accounts for 52,629. 13,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded15-04-1999
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465880805
Also
9925:BE0465880805
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.