INNOVARTO
ActiveINNOVARTO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €26k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+18
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 13.46 against 16.78 in 2023; short-term debt: 7.2% and cash: 89.2% of total assets), and 7.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
43 d early
2022
137 d early
2021
40 d early
2020
31 d late
2019
58 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€121k▲ 27.0%
2023 · €96k
2019: €22k
2020: €45k
2021: €70k
2022: €90k
2023: €96k
2019 → 2024
Total assets
€131k▲ 28.8%
2023 · €101k
2019: €28k
2020: €60k
2021: €84k
2022: €108k
2023: €101k
2019 → 2024
Net result
€26k▲ 407%
2023 · €5k
2019: €16k
2020: €23k
2021: €25k
2022: €20k
2023: €5k
2019 → 2024
Working capital
€117k▲ 24.1%
2023 · €94k
2019: €21k
2020: €45k
2021: €70k
2022: €99k
2023: €94k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€70k▲ 55.8%€90k▲ 29.1%€96k▲ 5.6%€121k▲ 27.0%
Operating result€29k-€32k▲ 9.4%€26k▼ 18.3%€7k▼ 73.1%€33k▲ 368%
Net result€23k-€25k▲ 8.3%€20k▼ 18.7%€5k▼ 75.1%€26k▲ 407%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 368% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€4k▲ 291%
Current assets
€127k▲ 26.0%
Equity and liabilities €131k
Equity
€121k▲ 27.0%
Debt
€9k▲ 57.1%
The debt ratio rises from 5.9% to 7.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2023 · €7k
Cash flow
€27k▲
2023 · €5k
Solvency
92.8%▼
2023 · 94.1%
Current ratio
13.46▼
2023 · 16.78
Quick ratio
13.46▼
2023 · 16.78
Debt / equity
0.08▲
2023 · 0.06
ROE
21.3%▲
2023 · 5.3%
ROA
19.8%▲
2023 · 5.0%
Interest coverage
622.22▲
2023 · 146.92
Debt
€9k▲
2023 · €6k
Debt ≤ 1 year
€9k▲
2023 · €6k
Income taxes
€7k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€101k€131k▲
Fixed assets21/28€1k€4k▲
Tangible fixed assets22/27€970€4k▲
Plant, machinery and equipment23€970€2k▲
Furniture and vehicles24-€2k
Financial fixed assets28€90€90=
Current assets29/58€100k€127k▲
Amounts receivable within one year40/41€15k€10k▼
Trade receivables40€9k€9k=
Other amounts receivable41€5k€485▼
Cash at bank and in hand54/58€84k€117k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€101k€131k▲
Equity10/15€96k€121k▲
Contributions10/11€6k€6k=
Reserves13€89k€115k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€89k€115k▲
Amounts payable17/49€6k€9k▲
Amounts payable within one year42/48€6k€9k▲
Trade debts44€920€464▼
Suppliers440/4€920€464▼
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€9k▲
Other amounts payable47/48€141€141=
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€231€779▲
Other operating charges640/8€365€666▲
Gross operating margin9900€8k€34k▲
Operating profit (loss)9901€7k€33k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€49€54▲
Recurring financial charges65€49€54▲
Profit (loss) for the period before taxes9903€7k€33k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€5k€26k▲
Profit (loss) for the period to be appropriated9905€5k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€26k▲
Transfer to equity691/2€5k€26k▲
To other reserves6921€5k€26k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €26k ▲407%
Operating result €33k, net result €26k, both a record.
31-12
Financial
Equity above €100kEq €121k ▲27%
6 profitable years in a row build equity to €121k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €5k ▼75.1%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 12.81
Current ratio from 5.97 to 12.81; short-term debt falls from €14k to €8k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zwevegem · 1 establishment unit since 2018
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.
Lindelaan(Z) 70F8550 ZwevegemGround area
589 m²
Building footprint
88 m²
Volume, LiDAR
429 m³
Parcel 34042D0301/00P000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INNOVARTO
since 20182.279.594.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042D0301/00P000 | Flanders | 589 m² | 1 · 88 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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O.S.A. Consulting
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SPECTRE INVEST
BE 1010.122.069
Zulte · Eq €121k
Of 3,151 companies in sector 63920 we hold annual accounts for 1,522. 1,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2018
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.