Innovation Crib
ActiveSummary
The annual accounts of Innovation Crib for fiscal year 2024 show a net loss of 75% of the equity at the start of that year. The 2024 annual accounts show equity of €55k and a net result of €-169k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 2832 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-75
Solvency35▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.75 against 1.96 in 2023; short-term debt: 48.1% and cash: 3.6% of total assets), and 89.9% of the assets are financed with debt.
Credit check 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
10.1%
Return on assets
-31.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
42 d late
2023
17 d late
2022
7 d late
2021
8 d late
2020
174 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€55k▼ 75.5%
2023 · €223k
2019: €100k
2020: €128k
2021: €217k
2022: €182k
2023: €194k
2023: €223k
2019 → 2024
Total assets
€540k▼ 6.7%
2023 · €578k
2019: €191k
2020: €221k
2021: €717k
2022: €646k
2023: €617k
2023: €578k
2019 → 2024
Net result
€-169k
2023 · €29k
2019: €87k
2020: €28k
2021: €89k
2022: €-35k
2023: €6k
2023: €29k
2019 → 2024
Working capital
€-65k
2023 · €108k
2019: €97k
2020: €118k
2021: €146k
2022: €94k
2023: €124k
2023: €108k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320232024Trend
Equity€217k-€182k▼ 15.9%€194k▲ 6.4%€223k▲ 15.1%€55k▼ 75.5%
Operating result€129k-€-26k€22k€47k▲ 113%€-156k
Net result€89k-€-35k€6k€29k▲ 432%€-169k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €540k
Fixed assets
€346k ▼ 3.5%
Current assets
€194k ▼ 11.8%
Equity and liabilities €540k
Equity
€55k ▼ 75.5%
Debt
€485k ▲ 36.7%
Debt's share of the balance-sheet total rises from 61.4% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-136k▼
2023 · €63k
Cash flow
€-148k▼
2023 · €45k
Current ratio
0.75▼
2023 · 1.96
Debt to equity
8.86▲
2023 · 1.59
ROE
-308.1%▼
2023 · 13.1%
ROA
-31.3%▼
2023 · 5.1%
Interest coverage
-12.53▼
2023 · 14.06
Debt ≤ 1 year
€260k▲
2023 · €112k
Debt > 1 year
€225k▼
2023 · €243k
Income taxes
€3k▼
2023 · €14k
Staff costs
€336k▲
2023 · €277k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€578k€540k▼
Fixed assets21/28€358k€346k▼
Tangible fixed assets22/27€358k€346k▼
Land and buildings22€318k€310k▼
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€17k€14k▼
Other tangible fixed assets26€19k€16k▼
Current assets29/58€220k€194k▼
Amounts receivable within one year40/41€33k€53k▲
Trade receivables40€15k€17k▲
Other amounts receivable41€18k€35k▲
Current investments50/53€116k€122k▲
Cash at bank and in hand54/58€71k€20k▼
Equity and liabilities
Total equity and liabilities10/49€578k€540k▼
Equity10/15€223k€55k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€203k€34k▼
Amounts payable17/49€355k€485k▲
Amounts payable after more than one year17€243k€225k▼
Financial debts170/4€243k€225k▼
Amounts payable within one year42/48€112k€260k▲
Current portion of amounts payable after more than one year42€18k€42k▲
Trade debts44€35k€139k▲
Suppliers440/4€35k€139k▲
Taxes, remuneration and social security45€60k€78k▲
Taxes450/3€34k€26k▼
Remuneration and social security454/9€26k€52k▲
Income statement
Code20232024
Non-recurring operating income76A€17k-
Remuneration, social security and pensions62€277k€336k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€509-
Other operating charges640/8€12k€5k▼
Gross operating margin9900€352k€205k▼
Operating profit (loss)9901€47k€-156k▼
Financial income75/76B€938€2k▲
Recurring financial income75€938€2k▲
Financial charges65/66B€4k€11k▲
Recurring financial charges65€4k€11k▲
Profit (loss) for the period before taxes9903€44k€-165k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€29k€-169k▼
Profit (loss) for the period to be appropriated9905€29k€-169k▼
Appropriation of the result
Profit (loss) to be appropriated9906€203k€34k▼
Profit (loss) brought forward from the previous period14P€174k€203k▲
Social balance
Average headcount (FTE)90876.04.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-169k ▼674%
Net result drops to €-169k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
2023
31-12
Financial
Equity above €200kEq €223k ▲15.1%
2 profitable years in a row build equity to €223k.
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 17 days late
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 174 days late
31-03
Financial
Highest result since 2019net €89k ▲221%
Net result €89k, the highest in the series.
31-03
Financial
Equity above €200kEq €217k ▲69.9%
3 profitable years in a row build equity to €217k.
2020
31-03
Financial
Equity above €100kEq €128k ▲27.8%
2 profitable years in a row build equity to €128k.
2019
30-10
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
4 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, De Panne · 1 establishment unit since 2017
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.
Nachtegaalstraat 198660 De PanneGround area
110 m²
Building footprint
110 m²
Volume, LiDAR
690 m³
Parcel 38008B0494/00B000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Innovation Crib
since 20172.264.960.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008B0494/00B000 | Flanders | 110 m² | 1 · 110 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 39,793 EUR awarded · 39,793 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 21,089 EUR | 21,089 EUR |
| 2024 | 1 | 8,738 EUR | 8,738 EUR |
| 2023 | 1 | 1,840 EUR | 1,840 EUR |
| 2022 | 2 | 8,126 EUR | 8,126 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
59201Sound recording
73110Advertising agencies
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.