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INNOVATION HUB

Active
Private limited company (pre-2019)founded 2018active for 7 yearsNoordzandstraat 92, 8000 Brugge, BelgiumKBO/BCE: BE 0715.597.605

From the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

INNOVATION HUB has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,690 and a net result of €10,965. Equity has been growing by about 21% per year since 2020. Its solvency ranks better than 49% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Official details

KBO
Status
Active since 07-12-2018 Normal situation
Legal form
Private limited company (pre-2019)
Registered office
Noordzandstraat 92, 8000 Brugge
Activity
Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
Establishment units
2.301.399.927 7783 Comines-Warneton, since 24-04-2020
2.315.729.795 7783 Comines-Warneton, since 01-04-2021
Financial year end
31 December
Peppol
Reachable since 26-11-2025

Board and ownership

Board
  • Basit KhurshidDirector

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Annual accounts 2025
Gross margin
€59,536
▲ 56.2%
Turnover
≈ €640,000
estimated
Profit
€10,965
▲ 517%
Equity
€88,690
▲ 14.1%
Total assets
€274,061
▲ 53.8%
Staff
≈ 0.5 FTE
estimated
2025 accounts filed 56 days after the deadline
Filed on 25-09-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 56 days late; 1 of the last 3 accounts lateSector: Retail trade (NACE 47)Founded in 2018lowers riskLiquidity: current ratio 2.17, cash €45,848Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 52% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency 57-12
equity 32.4% of total assets
Liquidity 57-3
short-term debt 31.8% · cash 16.7%
Profitability 40+3
return on assets 4.0%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.5%▼ -0.1 percentage points vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.4%▼ -0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025lowest value 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.6 percentage points vs 07-2026 09-2026: 1.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.3%▼ -0.1 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.17 (1.73 in 2024), above the usual 1.5. Short-term debt is 31.8% and cash 16.7% of total assets. However, 67.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 48% of them on solvency, 64% on liquidity, 30% on profitability and 66% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 56 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 2.17, cash €45,848
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Founded in 2018
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
56 days late
2024
25 days late
2023
24 days late
2022
59 days late
2021
58 days late
2020
9 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 39 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 6 profitable years in a rowprofit 2025: €10,965 6 years View

Documents

Annual accounts at the NBB

All 6 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about INNOVATION HUB

What is the company number of INNOVATION HUB?
The company number of INNOVATION HUB is 0715.597.605. The VAT number is the same number with BE in front: BE 0715.597.605.
Where is INNOVATION HUB based?
The registered office is at Noordzandstraat 92, 8000 Brugge.Company details
What does INNOVATION HUB do?
According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of INNOVATION HUB?
The legal form of INNOVATION HUB is Private limited company (pre-2019) (BVBA).
When was INNOVATION HUB founded?
INNOVATION HUB was founded on 07-12-2018.
Is INNOVATION HUB still active?
Yes, INNOVATION HUB is an active enterprise in the KBO register.
What is the turnover of INNOVATION HUB?
The turnover in financial year 2025 is ≈ €640,000. This figure is estimated from the gross margin of €59,536 and 99 comparable companies (NACE 47110). It probably lies between €450,000 and €930,000. In financial year 2020 turnover was €273,102.Financials
Is INNOVATION HUB profitable?
In financial year 2025, INNOVATION HUB made a profit of €10,965.
Where can I find the annual accounts of INNOVATION HUB?
INNOVATION HUB filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of INNOVATION HUB due?
INNOVATION HUB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as INNOVATION HUB: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €218,000 and €345,000, founded between 2018 and 2019.

CompanyTotal assetsGross margin
INNOVATION HUB Brugge€274,061€59,536
Les Folies Maraîchères Dour€277,320€60,230
GFRFG La Louvière€244,957€55,385
EMAR AFRICA FOOD Mons€312,917€69,507
GL FOOD MARKET Houthalen-Helchteren€218,194€64,232
AKPAKA Sint-Agatha-Berchem€344,606€66,766
B.C.T. CONSULTING Chapelle-lez-Herlaimont€243,221€53,767
Full comparison

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