INNOPA
ActiveSummary
INNOPA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.9m and a net result of -€83,961. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-17
Solvency96▼-2
Growth55=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.58 in 2024; short-term debt: 25.5% and cash: 0% of total assets), and 28.9% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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
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
71.1%
Return on assets
-1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
40 d late
2024
13 d early
2023
22 d late
2022
5 d early
2021
3 d early
2020
28 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 12 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#3 company by equity in Leuven, Arts, sports and recreation sector#5 employer in Leuven, Arts, sports and recreation sector#6 company by total assets in Leuven, Arts, sports and recreation sector
Turnover
€4.7m▲ 8.5%
2024 · €4.3m
EBIT margin
0.1%▼ 3.4pp
2024 · 3.5%
Net result
-€83,961
2024 · €40,656
Working capital
-€753,498▼ 66.3%
2024 · -€453,112
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.3m▲ 8.0%€4.2m▲ 29.6%€4.4m▲ 2.5%€4.3m▼ 1.0%€4.7m▲ 8.5%
Operating result€144,907▼ 46.3%€846,743▲ 484%€330,834▼ 60.9%€150,542▼ 54.5%€3,578▼ 97.6%
Net result€25,057within the sector's middle half▼ 79.3%€556,521above the sector's middle half▲ 2,121%€173,746above the sector's middle half▼ 68.8%€40,656within the sector's middle half▼ 76.6%-€83,961below the sector's middle half
EBIT margin4.4%▼ 4.5pp19.9%▲ 15.5pp7.6%▼ 12.3pp3.5%▼ 4.1pp0.1%▼ 3.4pp
Equity€3.2mabove the sector's middle half▲ 0.8%€3.8mabove the sector's middle half▲ 17.2%€4.0mabove the sector's middle half▲ 4.6%€4.0mabove the sector's middle half▲ 1.0%€3.9mabove the sector's middle half▼ 2.1%
Total assets€5.3mabove the sector's middle half▼ 5.0%€5.8mabove the sector's middle half▲ 9.8%€5.9mabove the sector's middle half▲ 1.8%€5.5mabove the sector's middle half▼ 7.7%€5.5mwithin the sector's middle half▲ 0.4%
Debt€2.1m▼ 12.8%€2.1m▼ 1.7%€2.0m▼ 3.4%€1.5m▼ 25.1%€1.6m▲ 7.0%
Working capital-€82,133below the sector's middle half-€83,871within the sector's middle half▼ 2.1%-€288,923below the sector's middle half▼ 244%-€453,112below the sector's middle half▼ 56.8%-€753,498below the sector's middle half▼ 66.3%
Solvency60.6%within the sector's middle half▲ 3.5pp64.8%above the sector's middle half▲ 4.1pp66.5%above the sector's middle half▲ 1.8pp72.8%above the sector's middle half▲ 6.3pp71.1%above the sector's middle half▼ 1.8pp
Current ratio0.89within the sector's middle half▼ 0.210.93within the sector's middle half▲ 0.040.79within the sector's middle half▼ 0.140.58below the sector's middle half▼ 0.210.46below the sector's middle half▼ 0.12
Return on assets (ROA)0.5%within the sector's middle half▼ 1.7pp9.5%within the sector's middle half▲ 9.1pp2.9%within the sector's middle half▼ 6.6pp0.7%within the sector's middle half▼ 2.2pp-1.5%within the sector's middle half▼ 2.3pp
Staff (FTE)22.2above the sector's middle half▲ 8.3%24above the sector's middle half▲ 8.1%24.6above the sector's middle half▲ 2.5%24.6above the sector's middle half=27.8above the sector's middle half▲ 13.0%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€4.9m ▲ 0.1%
Current assets
€651,783 ▲ 2.1%
Equity and liabilities €5.5m
Equity
€3.9m ▼ 2.1%
Debt
€1.6m ▲ 7.0%
Debt's share of the balance-sheet total rises from 27.2% to 28.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,735▼
2024 · €157,816
Cash flow
-€72,804▼
2024 · €47,929
Debt to equity
0.41▲
2024 · 0.37
ROE
-2.1%▼
2024 · 1.0%
Interest coverage
0.18▼
2024 · 2.08
Debt ≤ 1 year
€1.4m▲
2024 · €1.1m
Debt > 1 year
€178,823▼
2024 · €386,766
Income taxes
€5,197▼
2024 · €34,941
Staff costs
€3.4m▲
2024 · €3.0m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.3m | €4.3m | €4.4m | €4.4m | €4.7m | ▲ 8.7% |
| Turnover70 | €3.3m | €4.2m | €4.4m | €4.3m | €4.7m | ▲ 8.5% |
| Other operating income74 | €66,895 | €77,431 | €69,994 | €57,649 | €69,412 | ▲ 20.4% |
| Non-recurring operating income76A | - | €10,218 | - | - | - | - |
| Operating charges60/66A | €3.2m | €3.5m | €4.1m | €4.2m | €4.7m | ▲ 12.5% |
| Goods for resale, raw materials and consumables60 | €271,342 | €280,681 | €298,584 | €301,176 | €324,586 | ▲ 7.8% |
| Purchases600/8 | €271,342 | €280,681 | €298,584 | €301,176 | €324,586 | ▲ 7.8% |
| Services and other goods61 | €708,418 | €788,249 | €956,791 | €902,121 | €1.0m | ▲ 11.8% |
| Remuneration, social security and pensions62 | €2.2m | €2.4m | €2.8m | €3.0m | €3.4m | ▲ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,094 | €3,404 | €6,572 | €7,273 | €11,157 | ▲ 53.4% |
| Other operating charges640/8 | €1,469 | €2,604 | €2,016 | €2,000 | €2,988 | ▲ 49.4% |
| Operating profit (loss)9901 | €144,907 | €846,743 | €330,834 | €150,542 | €3,578 | ▼ 97.6% |
| Financial income75/76B | €20,404 | €25,429 | €14,328 | €7,530 | €4,108 | ▼ 45.4% |
| Recurring financial income75 | €20,404 | €25,429 | €14,328 | €7,530 | €4,108 | ▼ 45.4% |
| Income from financial fixed assets750 | €26 | €28 | €37 | €35 | €50 | ▲ 42.8% |
| Income from current assets751 | €20,378 | €25,113 | €14,286 | €7,495 | €3,143 | ▼ 58.1% |
| Other financial income752/9 | €0 | €288 | €5 | €0 | €915 | ▲ 762,642% |
| Financial charges65/66B | €85,525 | €88,288 | €80,394 | €82,476 | €86,450 | ▲ 4.8% |
| Recurring financial charges65 | €85,525 | €88,288 | €80,394 | €82,476 | €86,450 | ▲ 4.8% |
| Debt charges650 | €78,557 | €77,705 | €73,730 | €75,841 | €79,790 | ▲ 5.2% |
| Other financial charges652/9 | €6,968 | €10,583 | €6,664 | €6,635 | €6,660 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €79,786 | €783,884 | €264,768 | €75,597 | -€78,764 | ▼ 204% |
| Income taxes67/77 | €54,729 | €227,363 | €91,023 | €34,941 | €5,197 | ▼ 85.1% |
| Taxes670/3 | €54,729 | €227,363 | €91,023 | €34,941 | €5,197 | ▼ 85.1% |
| Profit (loss) for the period9904 | €25,057 | €556,521 | €173,746 | €40,656 | -€83,961 | ▼ 307% |
| Profit (loss) for the period to be appropriated9905 | €25,057 | €556,521 | €173,746 | €40,656 | -€83,961 | ▼ 307% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €5.8m | €5.9m | €5.5m | €5.5m | ▲ 0.4% |
| Fixed assets21/28 | €4.7m | €4.7m | €4.8m | €4.8m | €4.9m | ▲ 0.1% |
| Tangible fixed assets22/27 | €6,155 | €9,750 | €12,791 | €16,266 | €22,279 | ▲ 37.0% |
| Plant, machinery and equipment23 | €6,155 | €9,750 | €12,791 | €16,266 | €22,279 | ▲ 37.0% |
| Financial fixed assets28 | €4.6m | €4.6m | €4.8m | €4.8m | €4.8m | = |
| Affiliated companies280/1 | €4.6m | €4.6m | €4.8m | €4.8m | €4.8m | = |
| Participating interests280 | €4.6m | €4.6m | €4.8m | €4.8m | €4.8m | = |
| Current assets29/58 | €669,815 | €1.2m | €1.1m | €638,122 | €651,783 | ▲ 2.1% |
| Amounts receivable after more than one year29 | €191,156 | €191,156 | €98,020 | - | - | - |
| Other amounts receivable291 | €191,156 | €191,156 | €98,020 | - | - | - |
| Amounts receivable within one year40/41 | €372,309 | €880,161 | €880,449 | €579,596 | €607,504 | ▲ 4.8% |
| Trade receivables40 | €298,920 | €716,472 | €630,608 | €346,432 | €497,138 | ▲ 43.5% |
| Other amounts receivable41 | €73,388 | €163,688 | €249,842 | €233,164 | €110,366 | ▼ 52.7% |
| Cash at bank and in hand54/58 | €91,248 | €81,055 | €79,549 | €4,709 | €582 | ▼ 87.6% |
| Deferred charges and accrued income490/1 | €15,102 | €34,035 | €41,997 | €53,816 | €43,697 | ▼ 18.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €5.8m | €5.9m | €5.5m | €5.5m | ▲ 0.4% |
| Equity10/15 | €3.2m | €3.8m | €4.0m | €4.0m | €3.9m | ▼ 2.1% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €3.0m | €3.6m | €3.7m | €3.8m | €3.7m | ▼ 2.2% |
| Amounts payable17/49 | €2.1m | €2.1m | €2.0m | €1.5m | €1.6m | ▲ 7.0% |
| Amounts payable after more than one year17 | €1.3m | €781,772 | €587,694 | €386,766 | €178,823 | ▼ 53.8% |
| Financial debts170/4 | €1.3m | €781,772 | €587,694 | €386,766 | €178,823 | ▼ 53.8% |
| Subordinated loans170 | €1.3m | - | - | - | - | - |
| Credit institutions173 | - | €781,772 | €587,694 | €386,766 | €178,823 | ▼ 53.8% |
| Amounts payable within one year42/48 | €751,947 | €1.3m | €1.4m | €1.1m | €1.4m | ▲ 28.8% |
| Current portion of amounts payable after more than one year42 | - | €187,600 | €194,078 | €200,927 | €207,943 | ▲ 3.5% |
| Financial debts43 | - | €146,422 | €150,000 | €75,000 | €25,000 | ▼ 66.7% |
| Credit institutions430/8 | - | €146,422 | €150,000 | €75,000 | €25,000 | ▼ 66.7% |
| Trade debts44 | €192,504 | €262,146 | €436,818 | €257,036 | €231,786 | ▼ 9.8% |
| Suppliers440/4 | €192,504 | €262,146 | €436,818 | €257,036 | €231,786 | ▼ 9.8% |
| Taxes, remuneration and social security45 | €552,281 | €598,305 | €602,333 | €548,710 | €691,126 | ▲ 26.0% |
| Taxes450/3 | €201,744 | €176,109 | €174,386 | €131,683 | €148,167 | ▲ 12.5% |
| Remuneration and social security454/9 | €350,537 | €422,195 | €427,947 | €417,027 | €542,959 | ▲ 30.2% |
| Other amounts payable47/48 | €7,162 | €75,805 | €5,708 | €9,561 | €249,426 | ▲ 2,509% |
| Accrued charges and deferred income492/3 | €86,981 | €6,712 | €12,427 | €11,984 | €9,516 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,057 | €556,521 | €173,746 | €40,656 | -€83,961 | ▼ 307% |
| + Depreciation and write-downs630 | €4,094 | €3,404 | €6,572 | €7,273 | €11,157 | ▲ 53.4% |
| Operating cash flow (approximation) | €29,150 | €559,925 | €180,318 | €47,929 | -€72,804 | ▼ 252% |
| Investment in fixed assets (approximation) | - | -€6,999 | -€197,007 | -€10,749 | -€17,170 | ▼ 59.7% |
| Change in cash | - | -€10,192 | -€1,506 | -€74,840 | -€4,128 | ▲ 94.5% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 40 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
Financial
Weakest financial yearnet -€83,961
Net result drops to -€83,961, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 22 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €556,521 ▲2,121%
Operating result €846,743, net result €556,521, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 28 days late
Show earlier events
2018
17-08
State Gazette act
General meeting · Director reappointment
2016
04-08
State Gazette act
General meeting · Director reappointment
Auditor reappointment
14-07
State Gazette act
General meeting · Director reappointment
2014
21-08
State Gazette act
General meeting · Permanent representative
Director resignation · Director appointment
01-08
State Gazette act
General meeting · Permanent representative
Registered-office move · Director resignation
2013
10-01
State Gazette act
General meeting · Director reappointment
2010
09-03
State Gazette act
Incorporation · Founding capital
Corporate purpose · Bank account
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Leuven · 1 establishment unit since 2010
Ground area
301 m²
Building footprint
212 m²
Volume, LiDAR
2,011 m³
Parcel 24126C0025/00F000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
INNOPA
since 20102.186.373.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0025/00F000 | Flanders | 300 m² | 1 · 212 m² | 14.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 owners · 3 holdingsOwners 2
- Jan De Witnatural personSourceown accounts 202565.04%
-
34.96%
Holdings 3
- Lago Grimbergen PierebadsubsidiaryEquity -€392,704Result €165,627100%
-
99.99%
-
50%
According to the 2025 annual accounts of INNOPA and those 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
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 3,293 companies in sector 93110 we hold annual accounts for 1,500. 484 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
93110Operation of sports facilities
93293Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444575645
Also
9925:BE0444575645
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.