Innorem
ActiveSummary
Innorem has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,203 and a net result of -€400. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 61% of 200 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €25,203
- Loss
- -€400
Why 90raises riskSector: Waste collection, recovery and disposal activities (NACE 38)lowers riskLiquidity: current ratio 1.89, cash €16,893Founded in 2008Equity €25,203 (47.2% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, micro): better than 60% on solvency, 70% on liquidity, 26% on profitability and 32% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 15 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€400
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €158 after €2,561 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,910 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €3,723 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €449 | €450 | €1,049 | €520 | ▼ 50.4% |
| Gross operating margin9900 | €767 | €28,029 | €8,581 | €3,116 | €6,434 | €3,610 | €362 | ▼ 90.0% |
| Operating profit (loss)9901 | €223 | €27,583 | €8,134 | €2,667 | €5,984 | €2,561 | -€158 | - |
| Financial income75/76B | - | - | - | €0 | - | €4 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €10 | €0 | - | €4 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €153 | €173 | €269 | €243 | ▼ 10.0% |
| Recurring financial charges65 | €114 | €124 | €26 | €153 | €173 | €269 | €243 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €109 | €27,459 | €8,118 | €2,514 | €5,811 | €2,296 | -€400 | - |
| Income taxes67/77 | - | €5,599 | €2,164 | €625 | €1,934 | €1,202 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €109 | €21,860 | €5,954 | €1,889 | €3,878 | €1,094 | -€400 | - |
| Profit (loss) for the period to be appropriated9905 | €109 | €21,860 | €5,954 | €1,889 | €3,878 | €1,094 | -€400 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5,821 | €34,628 | €36,323 | €38,571 | €58,802 | €55,838 | €53,436 | ▼ 4.3% |
| Current assets29/58 | €5,821 | €34,628 | €36,323 | €38,571 | €58,802 | €55,838 | €53,436 | ▼ 4.3% |
| Stocks and contracts in progress3 | - | - | - | €4,927 | €0 | €13,667 | €13,009 | ▼ 4.8% |
| Stocks30/36 | - | - | - | - | - | €13,667 | €13,009 | ▼ 4.8% |
| Contracts in progress37 | - | - | - | €4,927 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1,072 | €4,550 | €4,290 | €6,188 | €32,753 | €29,154 | €23,220 | ▼ 20.4% |
| Trade receivables40 | - | - | - | €4,508 | €11,716 | €22,460 | €21,720 | ▼ 3.3% |
| Other amounts receivable41 | - | - | - | €1,680 | €21,037 | €6,693 | €1,500 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €4,749 | €30,078 | €32,032 | €27,456 | €26,050 | €13,018 | €16,893 | ▲ 29.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €314 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5,821 | €34,628 | €36,323 | €38,571 | €58,802 | €55,838 | €53,436 | ▼ 4.3% |
| Equity10/15 | -€9,071 | €12,789 | €18,743 | €20,632 | €24,510 | €25,603 | €25,203 | ▼ 1.6% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €5,910 | €7,003 | €6,603 | ▼ 5.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €4,050 | €7,003 | €6,603 | ▼ 5.7% |
| Profit (loss) carried forward14 | -€29,531 | -€7,671 | -€1,717 | €172 | €0 | - | - | - |
| Amounts payable17/49 | €14,892 | €21,839 | €17,579 | €17,939 | €34,293 | €30,235 | €28,233 | ▼ 6.6% |
| Amounts payable within one year42/48 | €14,892 | €21,839 | €17,579 | €17,939 | €34,293 | €30,235 | €28,233 | ▼ 6.6% |
| Trade debts44 | €281 | €1,331 | €853 | €3,408 | €14,601 | €15,945 | €7,650 | ▼ 52.0% |
| Suppliers440/4 | - | - | - | €3,408 | €14,601 | €15,945 | €7,650 | ▼ 52.0% |
| Taxes, remuneration and social security45 | - | - | - | €380 | €5,482 | €0 | €493 | - |
| Taxes450/3 | - | - | - | €380 | €5,482 | €0 | €493 | - |
| Other amounts payable47/48 | - | - | - | €14,151 | €14,210 | €14,290 | €20,090 | ▲ 40.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109 | €21,860 | €5,954 | €1,889 | €3,878 | €1,094 | -€400 | - |
| Operating cash flow (approximation) | €109 | €21,860 | €5,954 | €1,889 | €3,878 | €1,094 | -€400 | - |
| Change in cash | - | €25,330 | €1,954 | -€4,576 | -€1,406 | -€13,032 | €3,875 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00320317 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00314326 |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00495476 |
| 31-03-2022 | micro format | 17-10-2022 | 2022-20463400 |
| 31-03-2021 | micro format | 14-10-2021 | 2021-72000088 |
| 31-03-2020 | micro format | 02-10-2020 | 2020-58300158 |
| 31-03-2019 | micro format | 30-09-2019 | 2019-68000364 |
| 31-03-2018 | micro format | 28-09-2018 | 2018-66000571 |
| 31-03-2017 | micro format | 11-09-2017 | 2017-60500593 |
| 31-03-2016 | abbreviated format | 15-09-2016 | 2016-59800194 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,304 awarded · €2,304 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €624 | €624 |
| 2024 | 1 | €612 | €612 |
| 2023 | 1 | €588 | €588 |
| 2022 | 1 | €480 | €480 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
13-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release6 facts ▸
- General meeting, 01-12-2023
- Other provision, “verslag van het bestuursorgaan met omzettingsvoorstel en toelichting, Eerste besluit” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Other provision, “volstorting kapitaal” (deed in Dutch)
- Reserve release, “opheffing en beschikbaarstelling voor uitkering, onmiddellijk” (deed in Dutch)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13050A0269/00C000 | Flanders | 280 m² | 1 · 280 m² | 7.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De import, export, groot- en kleinhandel in en de distributie van producten en technologieën ter bevordering van het milieu; Het opzetten…” (deed in Dutch)
7 activities (deed in Dutch)
- De import, export, groot- en kleinhandel in en de distributie van producten en technologieën ter bevordering van het milieu
- Het opzetten, implementeren en monitoren van activiteiten op vlak van recyclage en hergebruik van reststromen; de reststromen die door de vennootschap zullen verhandeld worden, hebben een technisch en/of industrieel vernieuwend karakter en leveren een bijdrage tot het sluiten van de materiaalkringlopen
- De import, export, groot- en kleinhandel in en de distributie van producten en technologieën die voortvloeien uit de recyclage en hergebruik van reststromen
- Diensten i.v.m. de exploitatie van opslagvoorzieningen van diverse goederen, zowel reststromen als herwonnen goederen
- Goederenvervoer langs de weg, over water en luchttransport
- Het verlenen van advies in verband met milieu en/of materiaalkringlopen en/of recyclage
- Het opzetten van proefprojecten i.v.m. materiaalkringlopen en/of recyclage
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Innorem
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 3” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, 620” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Naam,voornaam,beroep,woonplaats voorgestelde overnemer,aantal aandelen,geboden prijs, werkelijke waarde op dag overdracht” (deed in Dutch)“Overgang wegens overlijden, artikel 5:63,§1,tweede lid WVV” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Overblijvende aandelen aan andere aandeelhouders in zelfde evenredigheid, mogelijk bij besluit algemene vergadering tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00