Innovalent
ActiveSummary
Innovalent has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €-10k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-57
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.68 against 7.32 in 2023; short-term debt: 15.7% and cash: 9.2% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
84.3%
Return on assets
-19.8%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
49 d early
2022
31 d early
2021
31 d early
2020
40 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€44k▼ 19.0%
2023 · €55k
2018: €78k
2019: €79k▲ +2.1% vs 2018highest in 7 years
2020: €74k▼ -7.2% vs 2019
2021: €76k▲ +3.0% vs 2020
2022: €69k▼ -9.2% vs 2021
2023: €55k▼ -20.8% vs 2022
2024: €44k▼ -19.0% vs 2023lowest in 7 years
2018 → 2024
Total assets
€52k▼ 14.4%
2023 · €61k
2018: €94khighest in 7 years
2019: €93k▼ -0.6% vs 2018
2020: €78k▼ -16.9% vs 2019
2021: €79k▲ +1.4% vs 2020
2022: €80k▲ +1.1% vs 2021
2023: €61k▼ -23.0% vs 2022
2024: €52k▼ -14.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€-10k▼ 80.6%
2023 · €-6k
2018: €428
2019: €12k▲ +2620% vs 2018highest in 7 years
2020: €-728▼ -106% vs 2019
2021: €2k▲ +407% vs 2020
2022: €-3k▼ -219% vs 2021
2023: €-6k▼ -115% vs 2022
2024: €-10k▼ -80.6% vs 2023lowest in 7 years
2018 → 2024
Working capital
€22k▼ 48.0%
2023 · €42k
2018: €50k
2019: €55k▲ +8.7% vs 2018
2020: €61k▲ +12.0% vs 2019highest in 7 years
2021: €59k▼ -2.8% vs 2020
2022: €57k▼ -4.7% vs 2021
2023: €42k▼ -25.2% vs 2022
2024: €22k▼ -48.0% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€76k▲ 3.0%€69k▼ 9.2%€55k▼ 20.8%€44k▼ 19.0%
2020: €74k
2021: €76k▲ +3.0% vs 2020highest in 5 years
2022: €69k▼ -9.2% vs 2021
2023: €55k▼ -20.8% vs 2022
2024: €44k▼ -19.0% vs 2023lowest in 5 years
Operating result€9k-€6k▼ 32.8%€-1k€-5k▼ 280%€-9k▼ 68.6%
2020: €9khighest in 5 years
2021: €6k▼ -32.8% vs 2020
2022: €-1k▼ -121% vs 2021
2023: €-5k▼ -280% vs 2022
2024: €-9k▼ -68.6% vs 2023lowest in 5 years
Net result€-728-€2k€-3k€-6k▼ 115%€-10k▼ 80.6%
2020: €-728
2021: €2k▲ +407% vs 2020highest in 5 years
2022: €-3k▼ -219% vs 2021
2023: €-6k▼ -115% vs 2022
2024: €-10k▼ -80.6% vs 2023lowest in 5 years
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 €9k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52k
Fixed assets
€22k ▲ 82.7%
Current assets
€30k ▼ 38.4%
Equity and liabilities €52k
Equity
€44k ▼ 19.0%
Debt
€8k ▲ 22.7%
Debt's share of the balance-sheet total rises from 11.0% to 15.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €534
Cash flow
€-5k▼
2023 · €-38
Current ratio
3.68▼
2023 · 7.32
Debt to equity
0.19▲
2023 · 0.12
ROE
-23.5%▼
2023 · -10.5%
ROA
-19.8%▼
2023 · -9.4%
Interest coverage
-93.75▼
2023 · 13.35
Debt ≤ 1 year
€8k▲
2023 · €7k
Income taxes
€2k▲
2023 · €577
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€61k€52k▼
Fixed assets21/28€12k€22k▲
Tangible fixed assets22/27€12k€22k▲
Plant, machinery and equipment23€12k€11k▼
Furniture and vehicles24-€12k
Current assets29/58€49k€30k▼
Amounts receivable within one year40/41€21k€25k▲
Trade receivables40€21k€25k▲
Other amounts receivable41€737€903▲
Cash at bank and in hand54/58€28k€5k▼
Equity and liabilities
Total equity and liabilities10/49€61k€52k▼
Equity10/15€55k€44k▼
Contributions10/11€12k€12k=
Reserves13€42k€32k▼
Distributable reserves133€42k€32k▼
Amounts payable17/49€7k€8k▲
Amounts payable within one year42/48€7k€8k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€190€118▼
Gross operating margin9900€724€-4k▼
Operating profit (loss)9901€-5k€-9k▼
Financial income75/76B€45€26▼
Recurring financial income75€45€26▼
Financial charges65/66B€40€40=
Recurring financial charges65€40€40=
Profit (loss) for the period before taxes9903€-5k€-9k▼
Income taxes67/77€577€2k▲
Profit (loss) for the period9904€-6k€-10k▼
Profit (loss) for the period to be appropriated9905€-6k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-10k▼
Transfer from equity791/2€16k€10k▼
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7€9k-
Return on contributions (dividend)694€9k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €6k | €5k | ▼ 13.0% |
| Other operating charges640/8 | - | €204 | €102 | €190 | €118 | ▼ 37.9% |
| Gross operating margin9900 | €15k | €12k | €4k | €724 | €-4k | ▼ 602% |
| Operating profit (loss)9901 | €9k | €6k | €-1k | €-5k | €-9k | ▼ 68.6% |
| Financial income75/76B | - | - | - | €45 | €26 | ▼ 42.2% |
| Recurring financial income75 | - | - | - | €45 | €26 | ▼ 42.2% |
| Financial charges65/66B | - | €43 | €39 | €40 | €40 | = |
| Recurring financial charges65 | €7k | €43 | €39 | €40 | €40 | = |
| Profit (loss) for the period before taxes9903 | €3k | €6k | €-1k | €-5k | €-9k | ▼ 69.0% |
| Income taxes67/77 | €3k | €4k | €1k | €577 | €2k | ▲ 184% |
| Profit (loss) for the period9904 | €-728 | €2k | €-3k | €-6k | €-10k | ▼ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €-728 | €2k | €-3k | €-6k | €-10k | ▼ 80.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78k | €79k | €80k | €61k | €52k | ▼ 14.4% |
| Fixed assets21/28 | €12k | €16k | €12k | €12k | €22k | ▲ 82.7% |
| Tangible fixed assets22/27 | €12k | €16k | €12k | €12k | €22k | ▲ 82.7% |
| Plant, machinery and equipment23 | - | €16k | €12k | €12k | €11k | ▼ 13.1% |
| Furniture and vehicles24 | - | - | - | - | €12k | - |
| Current assets29/58 | €65k | €62k | €67k | €49k | €30k | ▼ 38.4% |
| Amounts receivable within one year40/41 | €20k | €19k | €24k | €21k | €25k | ▲ 19.7% |
| Trade receivables40 | - | €17k | €24k | €21k | €25k | ▲ 19.6% |
| Other amounts receivable41 | - | €1k | - | €737 | €903 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €45k | €44k | €43k | €28k | €5k | ▼ 82.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78k | €79k | €80k | €61k | €52k | ▼ 14.4% |
| Equity10/15 | €74k | €76k | €69k | €55k | €44k | ▼ 19.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | - | €12k | €12k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €6k | €6k | - | - | - |
| Reserves13 | €61k | €63k | €56k | €42k | €32k | ▼ 24.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €62k | €55k | €42k | €32k | ▼ 24.6% |
| Amounts payable17/49 | €4k | €3k | €11k | €7k | €8k | ▲ 22.7% |
| Amounts payable within one year42/48 | €4k | €3k | €11k | €7k | €8k | ▲ 22.7% |
| Trade debts44 | €2k | €819 | €6k | €2k | €3k | ▲ 70.9% |
| Suppliers440/4 | - | €819 | €6k | €2k | €3k | ▲ 70.9% |
| Taxes, remuneration and social security45 | - | €1k | €4k | €3k | €2k | ▼ 39.4% |
| Taxes450/3 | - | €1k | €4k | €3k | €2k | ▼ 39.4% |
| Other amounts payable47/48 | - | €685 | €715 | €2k | €3k | ▲ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-728 | €2k | €-3k | €-6k | €-10k | ▼ 80.6% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €6k | €5k | ▼ 13.0% |
| Operating cash flow (approximation) | €4k | €8k | €3k | €-38 | €-5k | ▼ 14,124% |
| Investment in fixed assets (approximation) | - | €-9k | €-1k | €-6k | €-15k | ▼ 166% |
| Change in cash | - | €-1k | €-661 | €-15k | €-23k | ▼ 51.2% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 16.12
Current ratio from 4.88 to 16.12; short-term debt falls from €14k to €4k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €12k ▲2,620%
Operating result €24k, net result €12k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bonheiden · 1 establishment unit since 2009
Ground area
2,073 m²
Building footprint
128 m²
Volume, LiDAR
687 m³
Parcel 12031B0884/00M003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Innovalent
since 20092.182.946.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0884/00M003 | Flanders | 2,072 m² | 1 · 128 m² | 7.6 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.