Equity
€25,051 from €79,672 in 2020
Equity fell by 69% in 5 years.
INNOVCO
Lifetime
10 annual accounts with figures on one time axispeak €152,624 (2023)
€126,132▲ 4.4%
lowest -€2,330 (2018)
€84,070▲ 4.9%
peak €79,672 (2020)
€25,051▼ 19.1%
€121,813▲ 25.4%
Board1 name since 2022
1 directorDirk Van Bavel
Documentsfilings and deeds
19-12-2025132 days before the deadline
2025micro format
Dividend €90,000Equity from €30,981 to €25,051Debts from €97,177 to €121,813Cash from €40,082 to €59,375
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.1%● unchanged vs 04-2025highest value
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €25,051 (17.1% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €146,864
Liquidity: current ratio 0.84, cash €59,375
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 70, micro). It does better than 22% of them on solvency, 44% on liquidity, 84% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as INNOVCO has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of INNOVCO itself is lower: < 0.1% within 12 months. It rests on far more data about INNOVCO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for INNOVCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (0.68 in 2024), below 1. Short-term debt is 82.9% and cash 40.4% of total assets. 82.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 39364 sector peers (2025).
NBB · sector comparisonPosition among 39364 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-12-2025, 132 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
132 days early
2024
54 days early
2023
46 days early
2022
129 days early
2021
117 days early
2020
50 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 82 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 3 January (4 of the last 5 accounts filed within 63 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Reappointment: Dirk Van Bavel (director)
“Het uitvoeren van schilder- en decoratiewerken (binnen- en buitenwerk-) in de meest ruime zin; Het uitvoeren…” (deed in Dutch) · Gazette deed
Incorporation
published on 29-07-2015 · Gazette deed
First establishment
Heidebaan 44, Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INNOVCO Sint-Niklaas | €146,864 | €126,132 | 17.1% | - |
| EMBRACING SERENDIPITY Lokeren | €149,712 | €119,176 | 18.5% | - |
| KLEEMANS BELGIË Evergem | €158,345 | €136,582 | 29.3% | - |
| CDV SAFETY Aalst | €140,056 | €138,307 | 23.3% | - |
| R&EE Lokeren | €146,375 | €116,102 | 85.4% | - |
| NEWBORN DINO Sint-Martens-Latem | €134,121 | €113,019 | -12.6% | - |
| SMALL CHANGE Ghent | €134,043 | €139,536 | 93.3% | - |
These companies have the same main activity as INNOVCO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €134,000 and €158,000, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 17-07-2015Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.244.100.1469100 Sint-Niklaas, since 16-07-2015
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- ≈ €210,000estimated
- €146,864▲ 14.6%
- Filing
- Filed on 19-12-2025, 132 days before the end of the filing period
Insights on INNOVCO
INNOVCO files the micro format. That format states no turnover. The gross margin rose from €12,485 in 2016 to €126,132 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INNOVCO
- What is the company number of INNOVCO?
- The company number of INNOVCO is 0633.935.679. The VAT number is the same number with BE in front: BE 0633.935.679.
- Where is INNOVCO based?
- The registered office is at Heidebaan 44, 9100 Sint-Niklaas.Company details
- What does INNOVCO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of INNOVCO?
- INNOVCO is a private limited company (BV).
- When was INNOVCO founded?
- INNOVCO was founded on 17-07-2015.
- Is INNOVCO still active?
- Yes, INNOVCO is an active enterprise in the KBO register.
- What is the turnover of INNOVCO?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €126,132 and 109 comparable companies (NACE 70200). It probably lies between €180,000 and €250,000. In financial year 2022 turnover was €227,938.Financials
- Is INNOVCO profitable?
- In financial year 2025, INNOVCO made a profit of €84,070.
- Where can I find the annual accounts of INNOVCO?
- INNOVCO filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INNOVCO due?
- INNOVCO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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