Innovation & Diffusion
ActiveSummary
Innovation & Diffusion has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €502,843 and a net result of €49,419. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+6
Solvency61▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.19 in 2023; short-term debt: 15.4% and cash: 4% of total assets), but 64.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
1 d early
2022
4 d late
2021
12 d late
2020
1 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€907,704
EBIT margin
4.3%
Net result
€49,419▲ 137%
2023 · €20,860
Working capital
€186,088▼ 10.9%
2023 · €208,796
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€907,704
Operating result€31,669€35,341▲ 11.6%€39,037▲ 10.5%€48,168▲ 23.4%€85,292▲ 77.1%
Net result€8,793€15,770▲ 79.3%€9,584▼ 39.2%€20,860▲ 118%€49,419▲ 137%
EBIT margin4.3%
Equity€131,354▲ 33.6%€147,123▲ 12.0%€471,564▲ 221%€480,924▲ 2.0%€502,843▲ 4.6%
Total assets€588,859▼ 0.2%€633,248▲ 7.5%€1.0m▲ 63.0%€1.0m▼ 0.9%€1.4m▲ 38.2%
Debt€457,505▼ 6.9%€486,124▲ 6.3%€560,782▲ 15.4%€541,802▼ 3.4%€910,302▲ 68.0%
Working capital€178,870▲ 26.2%€195,747▲ 9.4%€228,011▲ 16.5%€208,796▼ 8.4%€186,088▼ 10.9%
Staff (FTE)1.7▲ 13.3%2▲ 17.6%3▲ 50.0%94,929.4▲ 3,164,213%1.2▼ 100.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 77% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m ▲ 58.2%
Current assets
€403,570 ▲ 5.1%
Equity and liabilities €1.4m
Equity
€502,843 ▲ 4.6%
Debt
€910,302 ▲ 68.0%
Debt's share of the balance-sheet total rises from 53.0% to 64.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€179,240▲
2023 · €93,371
Cash flow
€143,366▲
2023 · €66,062
Current ratio
1.86▼
2023 · 2.19
Quick ratio
0.69▼
2023 · 0.72
Debt to equity
1.81▲
2023 · 1.13
ROE
9.8%▲
2023 · 4.3%
ROA
3.5%▲
2023 · 2.0%
Interest coverage
6.50▲
2023 · 5.46
Debt ≤ 1 year
€217,482▲
2023 · €175,106
Debt > 1 year
€691,853▲
2023 · €366,697
Income taxes
€8,298▼
2023 · €10,545
Staff costs
€31,135▼
2023 · €94,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €907,704 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €710,940 | - | - | - |
| Remuneration, social security and pensions62 | - | €67,552 | €78,752 | €94,929 | €31,135 | ▼ 67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,256 | €57,223 | €82,608 | €45,202 | €93,948 | ▲ 108% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,971 | - |
| Other operating charges640/8 | - | €3,478 | €5,251 | €5,504 | €12,853 | ▲ 134% |
| Gross operating margin9900 | €125,093 | €163,594 | €205,648 | €193,804 | €226,199 | ▲ 16.7% |
| Operating profit (loss)9901 | €31,669 | €35,341 | €39,037 | €48,168 | €85,292 | ▲ 77.1% |
| Financial income75/76B | - | €272 | €479 | €339 | - | - |
| Recurring financial income75 | €1,691 | €272 | €479 | €339 | - | - |
| Financial charges65/66B | - | €17,043 | €18,931 | €17,103 | €27,575 | ▲ 61.2% |
| Recurring financial charges65 | €16,401 | €17,043 | €18,931 | €17,103 | €27,575 | ▲ 61.2% |
| Profit (loss) for the period before taxes9903 | €16,959 | €18,570 | €20,584 | €31,405 | €57,716 | ▲ 83.8% |
| Income taxes67/77 | €8,166 | €2,800 | €11,000 | €10,545 | €8,298 | ▼ 21.3% |
| Profit (loss) for the period9904 | €8,793 | €15,770 | €9,584 | €20,860 | €49,419 | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €8,793 | €15,770 | €9,584 | €20,860 | €49,419 | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €588,859 | €633,248 | €1.0m | €1.0m | €1.4m | ▲ 38.2% |
| Formation expenses20 | - | - | - | €1,125 | €897 | ▼ 20.3% |
| Fixed assets21/28 | €278,383 | €240,539 | €670,203 | €637,699 | €1.0m | ▲ 58.2% |
| Tangible fixed assets22/27 | €278,383 | €240,539 | €670,203 | €637,699 | €1.0m | ▲ 58.2% |
| Land and buildings22 | - | €197,793 | €658,914 | €623,604 | €915,030 | ▲ 46.7% |
| Furniture and vehicles24 | - | €42,746 | €11,289 | €12,759 | €89,178 | ▲ 599% |
| Other tangible fixed assets26 | - | - | - | €1,336 | €4,470 | ▲ 235% |
| Current assets29/58 | €310,476 | €392,709 | €362,144 | €383,902 | €403,570 | ▲ 5.1% |
| Stocks and contracts in progress3 | €142,170 | €239,971 | €216,658 | €257,657 | €252,722 | ▼ 1.9% |
| Stocks30/36 | - | €239,971 | €216,658 | €257,657 | €252,722 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €113,098 | €141,496 | €99,477 | €99,313 | €94,570 | ▼ 4.8% |
| Trade receivables40 | - | €139,611 | €99,477 | €97,913 | €93,170 | ▼ 4.8% |
| Other amounts receivable41 | - | €1,885 | - | €1,400 | €1,400 | = |
| Cash at bank and in hand54/58 | €51,220 | €9,362 | €45,467 | €25,085 | €55,901 | ▲ 123% |
| Deferred charges and accrued income490/1 | - | €1,881 | €542 | €1,846 | €377 | ▼ 79.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €588,859 | €633,248 | €1.0m | €1.0m | €1.4m | ▲ 38.2% |
| Equity10/15 | €131,354 | €147,123 | €471,564 | €480,924 | €502,843 | ▲ 4.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | €314,857 | €314,857 | €314,857 | = |
| Reserves13 | €65,610 | €65,610 | €65,610 | €65,610 | €65,610 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Profit (loss) carried forward14 | €47,144 | €62,913 | €72,498 | €81,857 | €103,776 | ▲ 26.8% |
| Amounts payable17/49 | €457,505 | €486,124 | €560,782 | €541,802 | €910,302 | ▲ 68.0% |
| Amounts payable after more than one year17 | €325,899 | €288,827 | €426,650 | €366,697 | €691,853 | ▲ 88.7% |
| Financial debts170/4 | - | €288,827 | €406,650 | €366,697 | €691,853 | ▲ 88.7% |
| Other amounts payable178/9 | - | - | €20,000 | - | - | - |
| Amounts payable within one year42/48 | €131,606 | €196,961 | €134,133 | €175,106 | €217,482 | ▲ 24.2% |
| Current portion of amounts payable after more than one year42 | - | €55,687 | €57,144 | €40,217 | €69,843 | ▲ 73.7% |
| Financial debts43 | - | €6,182 | - | €6,632 | €6,641 | ▲ 0.1% |
| Other loans439 | - | €6,182 | - | €6,632 | €6,641 | ▲ 0.1% |
| Trade debts44 | €31,427 | €75,048 | €17,376 | €51,758 | €65,729 | ▲ 27.0% |
| Suppliers440/4 | - | €75,048 | €17,376 | €51,758 | €65,729 | ▲ 27.0% |
| Taxes, remuneration and social security45 | - | €37,410 | €55,472 | €54,016 | €40,569 | ▼ 24.9% |
| Taxes450/3 | - | €24,706 | €47,498 | €41,573 | €40,569 | ▼ 2.4% |
| Remuneration and social security454/9 | - | €12,703 | €7,975 | €12,443 | - | - |
| Other amounts payable47/48 | - | €22,635 | €4,141 | €22,483 | €34,700 | ▲ 54.3% |
| Accrued charges and deferred income492/3 | - | €336 | - | - | €968 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,793 | €15,770 | €9,584 | €20,860 | €49,419 | ▲ 137% |
| + Depreciation and write-downs630 | €40,256 | €57,223 | €82,608 | €45,202 | €93,948 | ▲ 108% |
| Operating cash flow (approximation) | €49,049 | €72,993 | €92,193 | €66,062 | €143,366 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€19,380 | -€512,272 | -€12,699 | -€464,927 | ▼ 3,561% |
| Change in cash | - | -€41,859 | €36,105 | -€20,382 | €30,816 | ▲ 251% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €49,419 ▲137%
Operating result €85,292, net result €49,419, both a record.
31-12
Financial
Equity above €500,000Eq €502,843 ▲4.6%
5 profitable years in a row build equity to €502,843.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Equity above €200,000Eq €471,564 ▲221%
3 profitable years in a row build equity to €471,564.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-12
Financial
Back to profitnet €8,793
Net result €8,793 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €131,354 ▲33.6%
Equity rises from €98,297 to €131,354.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€19,799
Net result drops to -€19,799, the lowest in the series; recovery starts the following year.
Show earlier events
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Vorst · 1 establishment unit since 2009
Ground area
2,298 m²
Building footprint
392 m²
Volume, LiDAR
10,328 m³
2 parcels, Brussels, Flanders · tallest building 30.1 m, ±9 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Innovation & Diffusion
since 20092.177.420.168
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026B0114/00W002indicative | Flanders | 1,675 m² | - | - |
| 21383B0077/00Z004 | Brussels | 623 m² | 1 · 392 m² | 30.1 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 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
DMC Lummen
BE 0823.269.187
Lummen · Eq €503,010
DE PAUW INVEST
BE 0459.808.209
Herzele · Eq €502,557
OMEGA TECHNICS
BE 0807.490.257
Gent · Eq €503,913
D+D Woningwerken
BE 0467.373.813
Putte · Eq €501,679
FL BOUW
BE 0843.534.071
Genk · Eq €501,285
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 9,217 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
Founded16-02-2009
Fiscal year end31-12
Abbreviation FR
I & D
Activities, NACEBEL 2025
41001General construction of residential buildings
46839Wholesale trade
43350Other building finishing work
43422Screed work
43910Bricklaying and masonry work
Contact
E-mail
info@innovation-diffusion.be
Scores and ratios are computed by Checked and are not a credit decision.