INNOVAPLUS
ActiveSummary
The computed 12-month bankruptcy probability of INNOVAPLUS is 2.2% (moderate). The 2025 annual accounts show negative equity (-€134,897) and a net result of €12,267. Equity is shrinking by ~44% per year across the filed fiscal years. Its solvency ranks better than 5% of 18716 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.05 in 2024; short-term debt: 912.5% and cash: 37.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
-812.5%
Return on assets
73.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18716 sector peers (2025).
NBB · sector comparisonPosition among 18716 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 8 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
246 d late
2022
210 d late
2021
5 d late
2020
22 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 83 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 August (4 of the last 5 filed years within 182 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€126,010▼ 17.6%
2022 · €152,974
EBIT margin
-21.4%▼ 0.4pp
2022 · -21.0%
Net result
€12,267
2024 · -€29,739
Working capital
-€135,072▲ 8.3%
2024 · -€147,338
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€152,974€126,010▼ 17.6%
Operating result-€37,164▼ 114%-€32,049▲ 13.8%-€26,944▲ 15.9%-€29,365▼ 9.0%€13,250
Net result-€46,709below the sector's middle half▼ 75.3%-€39,536below the sector's middle half▲ 15.4%-€33,636below the sector's middle half▲ 14.9%-€29,739below the sector's middle half▲ 11.6%€12,267within the sector's middle half
EBIT margin-21.0%-21.4%▼ 0.4pp
Equity-€44,252below the sector's middle half▼ 345%-€83,788below the sector's middle half▼ 89.3%-€117,424below the sector's middle half▼ 40.1%-€147,163below the sector's middle half▼ 25.3%-€134,897below the sector's middle half▲ 8.3%
Total assets€15,894below the sector's middle half▼ 66.9%€2,403below the sector's middle half▼ 84.9%€3,937below the sector's middle half▲ 63.9%€7,980below the sector's middle half▲ 103%€16,603below the sector's middle half▲ 108%
Debt€60,146▲ 3.8%€86,190▲ 43.3%€121,361▲ 40.8%€155,143▲ 27.8%€151,500▼ 2.3%
Working capital-€44,332below the sector's middle half▼ 338%-€83,963below the sector's middle half▼ 89.4%-€117,599below the sector's middle half▼ 40.1%-€147,338below the sector's middle half▼ 25.3%-€135,072below the sector's middle half▲ 8.3%
Solvency-278.4%below the sector's middle half▼ 257.7pp-812.5%below the sector's middle half
Current ratio0.26below the sector's middle half▼ 0.560.05below the sector's middle half0.11below the sector's middle half▲ 0.06
Return on assets (ROA)-293.9%below the sector's middle half▼ 238.4pp-372.7%below the sector's middle half73.9%above the sector's middle half▲ 446.5pp
Staff (FTE)1▲ 100%1=11=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,250 after a loss of €29,365 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,603
Fixed assets
€175 =
Current assets
€16,428 ▲ 110%
Key figures and ratios
Debt to equity
-1.12▼
2024 · -1.05
Debt ≤ 1 year
€151,500▼
2024 · €155,143
Staff costs
€37,715▲
2024 · €36,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,340 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% 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 2,180 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €152,974 | €126,010 | - | - | - |
| Non-recurring operating income76A | €1,419 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €148,408 | €117,846 | - | - | - |
| Remuneration, social security and pensions62 | €34,733 | €41,872 | €33,940 | €36,605 | €37,715 | ▲ 3.0% |
| Other operating charges640/8 | €950 | €1,009 | €2,388 | €3,680 | €6,424 | ▲ 74.6% |
| Non-recurring operating charges66A | €700 | - | €3,281 | €340 | - | - |
| Gross operating margin9900 | -€781 | €10,832 | €12,665 | €11,260 | €57,389 | ▲ 410% |
| Operating profit (loss)9901 | -€37,164 | -€32,049 | -€26,944 | -€29,365 | €13,250 | ▲ 145% |
| Financial income75/76B | €2,171 | €248 | €709 | €204 | €21 | ▼ 89.7% |
| Recurring financial income75 | €2,171 | €248 | €709 | €204 | €21 | ▼ 89.7% |
| Financial charges65/66B | €11,716 | €7,736 | €7,401 | €578 | €1,004 | ▲ 73.7% |
| Recurring financial charges65 | €11,716 | €7,736 | €7,401 | €578 | €1,004 | ▲ 73.7% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€46,709 | -€39,536 | -€33,636 | -€29,739 | €12,267 | ▲ 141% |
| Income taxes67/77 | - | - | - | €0 | - | - |
| Profit (loss) for the period9904 | -€46,709 | -€39,536 | -€33,636 | -€29,739 | €12,267 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | -€46,709 | -€39,536 | -€33,636 | -€29,739 | €12,267 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,894 | €2,403 | €3,937 | €7,980 | €16,603 | ▲ 108% |
| Fixed assets21/28 | €175 | €175 | €175 | €175 | €175 | = |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €15,719 | €2,228 | €3,762 | €7,805 | €16,428 | ▲ 110% |
| Amounts receivable within one year40/41 | €1,240 | €525 | €841 | €5,123 | €10,134 | ▲ 97.8% |
| Trade receivables40 | €1,240 | €525 | €841 | €5,123 | €7,752 | ▲ 51.3% |
| Other amounts receivable41 | - | - | - | - | €2,382 | - |
| Current investments50/53 | €1 | €1 | €1 | €1 | - | - |
| Cash at bank and in hand54/58 | €14,463 | €1,702 | €2,920 | €2,681 | €6,294 | ▲ 135% |
| Deferred charges and accrued income490/1 | €15 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,894 | €2,403 | €3,937 | €7,980 | €16,603 | ▲ 108% |
| Equity10/15 | -€44,252 | -€83,788 | -€117,424 | -€147,163 | -€134,897 | ▲ 8.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €525 | €525 | €525 | €525 | €525 | = |
| Non-distributable reserves130/1 | €525 | €525 | €525 | €525 | €525 | = |
| Reserves not available under the articles1311 | €525 | €525 | €525 | €525 | €525 | = |
| Profit (loss) carried forward14 | -€63,377 | -€102,913 | -€136,549 | -€166,288 | -€154,021 | ▲ 7.4% |
| Amounts payable17/49 | €60,146 | €86,190 | €121,361 | €155,143 | €151,500 | ▼ 2.3% |
| Amounts payable within one year42/48 | €60,051 | €86,190 | €121,361 | €155,143 | €151,500 | ▼ 2.3% |
| Trade debts44 | €12,125 | €1,994 | €2,271 | €9,388 | €3,256 | ▼ 65.3% |
| Suppliers440/4 | €12,125 | €1,994 | €2,271 | €9,388 | €3,256 | ▼ 65.3% |
| Taxes, remuneration and social security45 | €7,129 | €5,679 | €11,597 | €21,267 | €23,154 | ▲ 8.9% |
| Taxes450/3 | €457 | €522 | €2,165 | €10,171 | €4,504 | ▼ 55.7% |
| Remuneration and social security454/9 | €6,672 | €5,157 | €9,432 | €11,095 | €18,651 | ▲ 68.1% |
| Other amounts payable47/48 | €40,797 | €78,517 | €107,493 | €124,489 | €125,089 | ▲ 0.5% |
| Accrued charges and deferred income492/3 | €95 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,709 | -€39,536 | -€33,636 | -€29,739 | €12,267 | ▲ 141% |
| Operating cash flow (approximation) | -€46,709 | -€39,536 | -€33,636 | -€29,739 | €12,267 | ▲ 141% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€12,761 | €1,218 | -€239 | €3,613 | ▲ 1,615% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €12,267
Net result €12,267 after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 246 days late
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 210 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Weakest financial yearnet -€46,709
Net result drops to -€46,709, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €25,072
Net result €25,072 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2017
Ground area
541 m²
Building footprint
238 m²
Volume, LiDAR
3,636 m³
2 parcels, Brussels, Wallonia · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Cours Marie d'Oignies 1/002, 1348 Ottignies-Louvain-la-Neuve
since 20172.268.342.822
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0227/00V002 | Brussels | 490 m² | 1 · 134 m² | 23.1 m · 7 fl. |
| 25385B0004/02P002 | Wallonia | 51 m² | 1 · 104 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,951 companies in sector 47120 we hold annual accounts for 2,192. 1,366 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 (pre-2019)
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681892974
Also
9925:BE0681892974
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.