INNOVASSETS
InactiveINNOVASSETS was declared bankrupt on 15-06-2023 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed for insufficient assets by judgment of 01-04-2026, published in the Belgian State Gazette on 08-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-04-2023, 248 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
2021
248 d late
2020
2 d early
2019
25 d early
2018
28 d early
2017
49 d early
2016
48 d early
2015
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,147▲ 71.7%
2020 · -€49,967
Working capital
€199,011▼ 0.6%
2020 · €200,158
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€13,452--€66,088-€49,562▲ 25.0%-€14,146▲ 71.5%
Net result€7,984--€72,269-€49,967▲ 30.9%-€14,147▲ 71.7%
Equity€69,945--€2,324-€52,291▼ 2,150%-€66,438▼ 27.1%
Total assets€748,156-€706,507▼ 5.6%€690,598▼ 2.3%€615,268▼ 10.9%
Debt€678,211-€708,831▲ 4.5%€742,889▲ 4.8%€681,706▼ 8.2%
Working capital€293,729-€237,125▼ 19.3%€200,158▼ 15.6%€199,011▼ 0.6%
Staff (FTE)2
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,146 in 2021 against €49,562 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €615,268
Fixed assets
€87,500 ▼ 12.9%
Current assets
€527,768 ▼ 10.6%
Equity and liabilities
Equity-€66,438
Debt€681,706
Equity is negative: debt (€681,706) exceeds the balance-sheet total (€615,268).
Key figures and ratios
EBITDA
-€1,146▲
2020 · -€36,562
Cash flow
-€1,147▲
2020 · -€36,967
Solvency
-10.8%▼
2020 · -7.6%
Current ratio
1.61▲
2020 · 1.51
ROA
-2.3%▲
2020 · -7.2%
Interest coverage
-3821.57
Debt ≤ 1 year
€328,757▼
2020 · €389,940
Debt > 1 year
€352,949=
2020 · €352,949
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Gross operating margin9900 | €72,417 | €6,737 | -€2,707 | -€1,146 | ▲ 57.6% |
| Operating profit (loss)9901 | €13,452 | -€66,088 | -€49,562 | -€14,146 | ▲ 71.5% |
| Financial charges65/66B | - | - | - | €0 | - |
| Recurring financial charges65 | €5,429 | €6,181 | €405 | €0 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | €8,023 | -€72,269 | -€49,967 | -€14,147 | ▲ 71.7% |
| Income taxes67/77 | €39 | - | - | - | - |
| Profit (loss) for the period9904 | €7,984 | -€72,269 | -€49,967 | -€14,147 | ▲ 71.7% |
| Profit (loss) for the period to be appropriated9905 | €7,984 | -€72,269 | -€49,967 | -€14,147 | ▲ 71.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €748,156 | €706,507 | €690,598 | €615,268 | ▼ 10.9% |
| Fixed assets21/28 | €129,165 | €113,500 | €100,500 | €87,500 | ▼ 12.9% |
| Intangible fixed assets21 | €78,000 | €65,000 | €52,000 | €39,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €10,165 | - | - | - | - |
| Financial fixed assets28 | €41,000 | €48,500 | €48,500 | €48,500 | = |
| Current assets29/58 | €618,991 | €593,007 | €590,098 | €527,768 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €618,850 | €592,867 | €589,958 | €527,768 | ▼ 10.5% |
| Trade receivables40 | - | - | - | €270,735 | - |
| Other amounts receivable41 | - | - | - | €257,033 | - |
| Cash at bank and in hand54/58 | €141 | €140 | €140 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €748,156 | €706,507 | €690,598 | €615,268 | ▼ 10.9% |
| Equity10/15 | €69,945 | -€2,324 | -€52,291 | -€66,438 | ▼ 27.1% |
| Contributions10/11 | €393,576 | €393,576 | - | €432,934 | - |
| Outside capital11 | - | - | - | €432,934 | - |
| Share premium1100/10 | - | - | - | €432,934 | - |
| Reserves13 | €39,358 | €39,358 | - | - | - |
| Profit (loss) carried forward14 | -€362,989 | -€435,258 | -€485,225 | -€499,371 | ▼ 2.9% |
| Amounts payable17/49 | €678,211 | €708,831 | €742,889 | €681,706 | ▼ 8.2% |
| Amounts payable after more than one year17 | €352,949 | €352,949 | €352,949 | €352,949 | = |
| Financial debts170/4 | - | - | - | €352,949 | - |
| Amounts payable within one year42/48 | €325,262 | €355,882 | €389,940 | €328,757 | ▼ 15.7% |
| Trade debts44 | €18,950 | €2,286 | €2,372 | €2,768 | ▲ 16.7% |
| Suppliers440/4 | - | - | - | €2,768 | - |
| Taxes, remuneration and social security45 | - | - | - | €24,062 | - |
| Taxes450/3 | - | - | - | €16,644 | - |
| Remuneration and social security454/9 | - | - | - | €7,418 | - |
| Other amounts payable47/48 | - | - | - | €301,926 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,984 | -€72,269 | -€49,967 | -€14,147 | ▲ 71.7% |
| + Depreciation and write-downs630 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Operating cash flow (approximation) | €20,984 | -€59,269 | -€36,967 | -€1,147 | ▲ 96.9% |
| Investment in fixed assets (approximation) | - | €2,665 | €0 | €0 | - |
| Change in cash | - | -€1 | €0 | - | - |
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
2026
08-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 01-04-2026
2023
22-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 15-06-2023
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 248 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€72,269
Net result drops to -€72,269, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 46 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 392 days late
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENOIT DARMONT Chaussee De Charleroi, 164, 5070 04 Vitrival |
15-06-2023 → 01-04-2026 |