INNOFUSION
InactiveINNOFUSION was declared bankrupt on 27-11-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 26-11-2024, published in the Belgian State Gazette on 03-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 21-03-2020, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, full schema
Turnover
€539▲ 12.0%
2018 · €481
EBIT margin
25.4%▲ 8.6pp
2018 · 16.8%
Net result
€98▲ 130%
2018 · €43
Working capital
€87
2018 · -€11
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
Line20182019
Turnover€481-€539▲ 12.0%
Operating result€81-€137▲ 69.2%
Net result€43-€98▲ 130%
EBIT margin16.8%-25.4%▲ 8.6pp
Equity-€11-€87
Total assets€587-€685▲ 16.7%
Debt€598-€598▲ 0.1%
Working capital-€11-€87
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 69% above 2018.
Balance-sheet composition
Equity and liabilities €685
Equity
€87
Debt
€598
Debt finances 87.3% of the balance-sheet total.
Key figures and ratios
Debt ≤ 1 year
€598▲
2018 · €598
Ratios withheld: a balance sheet total of €685 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €481 | €539 | ▲ 12.0% |
| Gross operating margin9900 | €428 | €485 | ▲ 13.2% |
| Operating profit (loss)9901 | €81 | €137 | ▲ 69.2% |
| Recurring financial charges65 | €38 | €39 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €43 | €98 | ▲ 130% |
| Profit (loss) for the period9904 | €43 | €98 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €43 | €98 | ▲ 130% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €587 | €685 | ▲ 16.7% |
| Current assets29/58 | €587 | €685 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €112 | €80 | ▼ 28.8% |
| Cash at bank and in hand54/58 | €475 | €605 | ▲ 27.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €587 | €685 | ▲ 16.7% |
| Equity10/15 | -€11 | €87 | ▲ 906% |
| Contributions10/11 | €62,000 | €62,000 | = |
| Reserves13 | €2,682 | €2,682 | = |
| Profit (loss) carried forward14 | -€64,693 | -€64,595 | ▲ 0.2% |
| Amounts payable17/49 | €598 | €598 | ▲ 0.1% |
| Amounts payable within one year42/48 | €598 | €598 | ▲ 0.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43 | €98 | ▲ 130% |
| Operating cash flow (approximation) | €43 | €98 | ▲ 130% |
| Change in cash | - | €130 | - |
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
2024
03-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 26-11-2024
17-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-11-2023
2020
21-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
19-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
21-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
07-02
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
16-02
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
14-02
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YUQIN CHEN RUE DE LA LECHE 36 36, 4020 LIEGE 2- |
27-11-2023 → 26-11-2024 |