INNOV TEX
ActiveSummary
The computed 12-month bankruptcy probability of INNOV TEX is 4.3% (elevated). The 2024 annual accounts show negative equity (€-44k) and a net result of €-11k. Equity is shrinking by ~53.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 26043 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
21
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.46 in 2023; short-term debt: 429.3% and cash: 27.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-329.3%
Return on assets
-82.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-44k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2026, 333 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
333 d late
2023
56 d late
2022
31 d late
2021
58 d late
2020
80 d late
2019
94 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€26k▼ 52.1%
2023 · €55k
2018: €121k
2019: €105k
2020: €99k
2021: €46k
2022: €39k
2023: €55k
2018 → 2024
EBIT margin
-40.8%▼ 19.1pp
2023 · -21.7%
2018: 19.5%
2019: -7.3%
2020: -12.1%
2021: -24.2%
2022: -55.8%
2023: -21.7%
2018 → 2024
Net result
€-11k▲ 10.7%
2023 · €-12k
2018: €18k
2019: €-9k
2020: €-12k
2021: €-11k
2022: €-22k
2023: €-12k
2018 → 2024
Working capital
€-48k▼ 24.5%
2023 · €-38k
2018: €32k
2019: €23k
2020: €9k
2021: €-3k
2022: €-23k
2023: €-38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€99k-€46k▼ 53.3%€39k▼ 16.1%€55k▲ 41.2%€26k▼ 52.1%
Equity€13k-€1k▼ 90.0%€-21k€-33k▼ 59.8%€-44k▼ 33.4%
Operating result€-12k-€-11k▲ 6.4%€-22k▼ 93.3%€-12k▲ 45.1%€-11k▲ 10.0%
Net result€-12k-€-11k▲ 9.4%€-22k▼ 93.0%€-12k▲ 43.6%€-11k▲ 10.7%
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 €11k in 2024 against €12k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13k
Fixed assets
€4k ▼ 28.8%
Current assets
€9k ▼ 71.1%
Key figures and ratios
EBITDA
€-9k▲
2023 · €-11k
Cash flow
€-9k▲
2023 · €-11k
Solvency
-329.3%▼
2023 · -86.3%
Current ratio
0.16▼
2023 · 0.46
Quick ratio
0.11▼
2023 · 0.40
Debt to equity
-1.30▲
2023 · -2.16
ROA
-82.5%▼
2023 · -32.3%
Interest coverage
-34.56▲
2023 · -36.55
Debt
€57k▼
2023 · €71k
Debt ≤ 1 year
€57k▼
2023 · €71k
Income taxes
€-40▼
2023 · €40
Staff costs
€8k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38k€13k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€197€20▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€33k€9k▼
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€21k€3k▼
Trade receivables40€21k€3k▼
Cash at bank and in hand54/58€7k€4k▼
Deferred charges and accrued income490/1€168€220▲
Equity and liabilities
Total equity and liabilities10/49€38k€13k▼
Equity10/15€-33k€-44k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-51k€-62k▼
Amounts payable17/49€71k€57k▼
Amounts payable within one year42/48€71k€57k▼
Trade debts44€35k€47k▲
Suppliers440/4€35k€47k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€2k€1,000▼
Other amounts payable47/48€29k€7k▼
Income statement
Code20232024
Turnover70€55k€26k▼
Goods, raw materials, services and sundry goods60/61€54k€26k▼
Remuneration, social security and pensions62€12k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€837€2k▲
Other operating charges640/8€584€1k▲
Gross operating margin9900€1k€376▼
Operating profit (loss)9901€-12k€-11k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€304€265▼
Recurring financial charges65€304€265▼
Profit (loss) for the period before taxes9903€-12k€-11k▲
Income taxes67/77€40€-40▼
Profit (loss) for the period9904€-12k€-11k▲
Profit (loss) for the period to be appropriated9905€-12k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-62k▼
Profit (loss) brought forward from the previous period14P€-39k€-51k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 333 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Sint-Jans-Molenbeek · 2 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vier-Windenstraat 11080 Sint-Jans-MolenbeekGround area
239 m²
Building footprint
237 m²
Volume, LiDAR
2,489 m³
2 parcels, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Vier-Windenstraat 1, 1080 Sint-Jans-Molenbeek
since 20102.188.671.772
Schoolstraat 2, 1080 Sint-Jans-Molenbeek
since 20242.375.925.918
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0719/00P000 | Brussels | 201 m² | 1 · 204 m² | 16.1 m · 4 fl. |
| 21522B0114/00G003 | Brussels | 37 m² | 1 · 33 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YAHIA TRAVEL
BE 0474.965.448
Sint-Jans-Molenbeek · Eq €1,269
NEW FMS LINE
BE 0843.265.837
Courcelles · Eq €1,213
ARCHIPLAN
BE 0435.450.420
Rotselaar · Eq €1,289
TOM LUYCKX
BE 0427.696.952
La Louvière · Eq €1,307
MACOLUX
BE 0416.722.193
Hechtel-Eksel · Eq €1,320
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 183 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
46150Agents in the wholesale of furniture, household goods and hardware
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46190Agents in non-specialised wholesale trade
47530Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.