INNOPROVE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 29-04-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
2 d late
2020
1 d early
2019
on the day
2018
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€50,433▼ 32.3%
2022 · €74,469
Total assets
€119,623▼ 58.9%
2022 · €291,080
Net result
-€24,036▲ 21.1%
2022 · -€30,446
Working capital
€47,964▼ 56.2%
2022 · €109,516
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
Line20182019202020222023
Operating result€232,844--€33,652€19,966-€31,931--€25,552▲ 20.0%
Net result€229,803--€35,629€47,848-€30,446--€24,036▲ 21.1%
Equity€282,247-€246,619▼ 12.6%€294,467▲ 19.4%€74,469-€50,433▼ 32.3%
Total assets€576,562-€551,777▼ 4.3%€415,777▼ 24.6%€291,080-€119,623▼ 58.9%
Debt€294,315-€305,158▲ 3.7%€121,310▼ 60.2%€216,611-€69,189▼ 68.1%
Working capital-€85,083--€34,862▲ 59.0%€241,534€109,516-€47,964▼ 56.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,552 in 2023 against €31,931 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €119,623
Fixed assets
€3,691 ▼ 80.3%
Current assets
€115,931 ▼ 57.4%
Equity and liabilities €119,623
Equity
€50,433 ▼ 32.3%
Debt
€69,189 ▼ 68.1%
Debt's share of the balance-sheet total falls from 74.4% to 57.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,542▲
2022 · -€13,305
Cash flow
-€9,026▲
2022 · -€11,820
Current ratio
1.71▲
2022 · 1.67
Debt to equity
1.37▼
2022 · 2.91
ROE
-47.7%▼
2022 · -40.9%
ROA
-20.1%▼
2022 · -10.5%
Interest coverage
-16.56▼
2022 · -8.73
Debt ≤ 1 year
€67,967▼
2022 · €162,862
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €134,970 | €101,929 | €76,947 | €18,626 | €15,010 | ▼ 19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,524 | - |
| Other operating charges640/8 | - | - | - | €723 | €694 | ▼ 3.9% |
| Non-recurring operating charges66A | - | - | - | €3,524 | €413 | ▼ 88.3% |
| Gross operating margin9900 | €368,703 | €69,225 | €122,702 | -€9,059 | -€5,912 | ▲ 34.7% |
| Operating profit (loss)9901 | €232,844 | -€33,652 | €19,966 | -€31,931 | -€25,552 | ▲ 20.0% |
| Financial income75/76B | - | - | - | €3,148 | €2,153 | ▼ 31.6% |
| Recurring financial income75 | €95 | €243 | €1,001 | €3,148 | €2,153 | ▼ 31.6% |
| Financial charges65/66B | - | - | - | €1,524 | €637 | ▼ 58.2% |
| Recurring financial charges65 | €2,739 | €2,220 | €2,573 | €1,524 | €637 | ▼ 58.2% |
| Profit (loss) for the period before taxes9903 | €230,200 | -€35,629 | €53,313 | -€30,307 | -€24,036 | ▲ 20.7% |
| Income taxes67/77 | €397 | - | €5,465 | €139 | - | - |
| Profit (loss) for the period9904 | €229,803 | -€35,629 | €47,848 | -€30,446 | -€24,036 | ▲ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €229,803 | -€35,629 | €47,848 | -€30,446 | -€24,036 | ▲ 21.1% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €576,562 | €551,777 | €415,777 | €291,080 | €119,623 | ▼ 58.9% |
| Fixed assets21/28 | €418,803 | €334,328 | €105,367 | €18,701 | €3,691 | ▼ 80.3% |
| Tangible fixed assets22/27 | €418,803 | €334,328 | €105,367 | €18,701 | €3,691 | ▼ 80.3% |
| Furniture and vehicles24 | - | - | - | €18,628 | €3,691 | ▼ 80.2% |
| Other tangible fixed assets26 | - | - | - | €73 | €0 | ▼ 100.0% |
| Current assets29/58 | €157,760 | €217,449 | €310,409 | €272,379 | €115,931 | ▼ 57.4% |
| Amounts receivable after more than one year29 | - | - | - | €49,000 | - | - |
| Trade receivables290 | - | - | - | €49,000 | - | - |
| Amounts receivable within one year40/41 | €17,055 | €118,618 | €53,655 | €47,105 | €7,469 | ▼ 84.1% |
| Trade receivables40 | - | - | - | €10,571 | €7,047 | ▼ 33.3% |
| Other amounts receivable41 | - | - | - | €36,534 | €421 | ▼ 98.8% |
| Cash at bank and in hand54/58 | €139,463 | €97,808 | €255,797 | €176,274 | €108,429 | ▼ 38.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €33 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €576,562 | €551,777 | €415,777 | €291,080 | €119,623 | ▼ 58.9% |
| Equity10/15 | €282,247 | €246,619 | €294,467 | €74,469 | €50,433 | ▼ 32.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €273,730 | €273,730 | €275,867 | €168,853 | €168,853 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €166,993 | €166,993 | = |
| Profit (loss) carried forward14 | -€10,082 | -€45,711 | -€10,082 | -€112,984 | -€137,020 | ▼ 21.3% |
| Amounts payable17/49 | €294,315 | €305,158 | €121,310 | €216,611 | €69,189 | ▼ 68.1% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €50,000 | €50,000 | - | - |
| Financial debts170/4 | - | - | - | €50,000 | - | - |
| Amounts payable within one year42/48 | €242,843 | €252,311 | €68,875 | €162,862 | €67,967 | ▼ 58.3% |
| Financial debts43 | - | - | - | €103 | €103 | ▼ 0.2% |
| Credit institutions430/8 | - | - | - | €103 | €103 | ▼ 0.2% |
| Trade debts44 | €2,592 | €38,753 | €8,397 | €2,126 | €3,225 | ▲ 51.7% |
| Suppliers440/4 | - | - | - | €2,126 | €3,225 | ▲ 51.7% |
| Taxes, remuneration and social security45 | - | - | - | €151 | €5,351 | ▲ 3,444% |
| Taxes450/3 | - | - | - | €151 | €5,351 | ▲ 3,444% |
| Other amounts payable47/48 | - | - | - | €160,482 | €59,288 | ▼ 63.1% |
| Accrued charges and deferred income492/3 | - | - | - | €3,748 | €1,222 | ▼ 67.4% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229,803 | -€35,629 | €47,848 | -€30,446 | -€24,036 | ▲ 21.1% |
| + Depreciation and write-downs630 | €134,970 | €101,929 | €76,947 | €18,626 | €15,010 | ▼ 19.4% |
| Operating cash flow (approximation) | €364,773 | €66,301 | €124,796 | -€11,820 | -€9,026 | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | -€17,454 | €152,013 | - | €0 | - |
| Change in cash | - | -€41,654 | €157,988 | - | -€67,844 | - |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €47,848
Net result €47,848 after one loss-making year.
30-09
Financial
Liquidity times 5current ratio 4.51
Current ratio from 0.86 to 4.51; short-term debt falls from €252,311 to €68,875.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-12
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
30-09
Financial
Weakest financial yearnet -€35,629
Net result drops to -€35,629, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
07-02
State Gazette act
Board meeting · Director appointment
Show earlier events
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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