INNOVAR CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of INNOVAR CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show negative equity (€-13k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1199 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-27
Solvency0=
Growth32=
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 0.78 against 0.73 in 2024; short-term debt: 127.4% and cash: 22.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
-27.4%
Return on assets
6%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1199 sector peers (2025).
NBB · sector comparisonPosition among 1199 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 03-08-2026, 3 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 · 7 filingsDeviation from the deadline
2025
3 d late
2024
18 d late
2023
48 d late
2019
153 d late
2018
153 d late
2017
30 d late
2015
44 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-13k▲ 18.0%
2024 · €-16k
2018: €33k
2019: €5k
2023: €-24k
2024: €-16k
2018 → 2025
Total assets
€48k▲ 5.9%
2024 · €46k
2018: €115k
2019: €83k
2023: €45k
2024: €46k
2018 → 2025
Net result
€3k▼ 62.9%
2024 · €8k
2018: €9k
2019: €-28k
2023: €-4k
2024: €8k
2018 → 2025
Working capital
€-14k▲ 17.6%
2024 · €-17k
2018: €24k
2019: €-437
2023: €-24k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202320242025Trend
Equity€33k-€5k▼ 84.0%€-24k€-16k▲ 32.6%€-13k▲ 18.0%
Operating result€13k-€-27k€-6k▲ 78.6%€11k€4k▼ 66.5%
Net result€9k-€-28k€-4k▲ 86.7%€8k€3k▼ 62.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€375=
Current assets
€48k▲ 6.0%
Key figures and ratios
Solvency
-27.4%▲
2024 · -35.4%
Current ratio
0.78▲
2024 · 0.73
Quick ratio
0.78▲
2024 · 0.73
Debt / equity
-4.65▼
2024 · -3.83
ROA
6.0%▼
2024 · 17.1%
Debt
€62k▼
2024 · €62k
Debt ≤ 1 year
€62k▼
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€46k€48k▲
Fixed assets21/28€375€375=
Financial fixed assets28€375€375=
Current assets29/58€45k€48k▲
Amounts receivable within one year40/41€29k€37k▲
Trade receivables40€29k€36k▲
Other amounts receivable41€220€425▲
Cash at bank and in hand54/58€16k€11k▼
Deferred charges and accrued income490/1€47-
Equity and liabilities
Total equity and liabilities10/49€46k€48k▲
Equity10/15€-16k€-13k▲
Contributions10/11€9k€9k=
Outside capital11€9k€9k=
Other1109/19€9k€9k=
Reserves13€10k€10k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€-35k€-32k▲
Amounts payable17/49€62k€62k▼
Amounts payable within one year42/48€62k€62k▼
Financial debts43€173-
Credit institutions430/8€173-
Trade debts44€34k€34k▲
Suppliers440/4€34k€34k▲
Advances received on contracts in progress46€26k€26k=
Taxes, remuneration and social security45€930€23▼
Taxes450/3€930€23▼
Other amounts payable47/48€636€1k▲
Income statement
Code20242025
Other operating charges640/8€2k€909▼
Gross operating margin9900€13k€4k▼
Operating profit (loss)9901€11k€4k▼
Financial income75/76B€1€60▲
Recurring financial income75€1€60▲
Financial charges65/66B€326€697▲
Recurring financial charges65€326€697▲
Profit (loss) for the period before taxes9903€10k€3k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€8k€3k▼
Profit (loss) for the period to be appropriated9905€8k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-32k▲
Profit (loss) brought forward from the previous period14P€-43k€-35k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Weakest financial yearnet €-28k ▼404%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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-Gillis (bij-Brussel) · 1 establishment unit since 2014
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.
Bosniëstraat 261060 Sint-Gillis (bij-Brussel)Ground area
535 m²
Building footprint
513 m²
Volume, LiDAR
5,746 m³
2 parcels, Brussels · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
INNOVAR CONSTRUCT
since 20142.235.410.134
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M2602/00G000 | Brussels | 385 m² | 1 · 238 m² | 14.4 m · 4 fl. |
| 21562A0457/00T004 | Brussels | 150 m² | 1 · 274 m² | 23.0 m · 3 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
L.C. Clean Services
BE 1011.363.471
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S&G CLEAN
BE 1011.734.942
Koekelberg · Eq €5k
Kilena Cleaning
BE 1017.879.792
Zonnebeke · Eq €5k
ASSAINISSEMENT ET SOIN DE VOTRE PATRIMOINE
BE 0477.446.272
Andenne · Eq €5k
CLEAN4YOU
BE 0536.446.127
Knokke-Heist · Eq €5k
Of 7,356 companies in sector 81210 we hold annual accounts for 2,734. 1,378 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2014
Fiscal year end31-12
Activities, NACEBEL
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.