INNOVICO
ActiveSummary
INNOVICO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154,575 and a net result of €36,305. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 14.56 against 9.98 in 2023; short-term debt: 6.8% and cash: 78.8% of total assets), and 6.8% of the assets are financed with debt.
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Signals
Three 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 25-06-2025, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
2 d early
2022
1 d early
2021
32 d early
2020
43 d early
2019
37 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€154,575▲ 30.7%
2023 · €118,270
Total assets
€165,799▲ 24.9%
2023 · €132,732
Net result
€36,305▲ 26.0%
2023 · €28,802
Working capital
€152,229▲ 30.7%
2023 · €116,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€52,396▲ 6.5%€55,702▲ 6.3%€57,729▲ 3.6%€40,968▼ 29.0%€50,546▲ 23.4%
Net result€40,924within the sector's middle half▲ 7.6%€42,821within the sector's middle half▲ 4.6%€44,229within the sector's middle half▲ 3.3%€28,802within the sector's middle half▼ 34.9%€36,305within the sector's middle half▲ 26.0%
Equity€108,418within the sector's middle half▲ 60.6%€151,239within the sector's middle half▲ 39.5%€89,468within the sector's middle half▼ 40.8%€118,270within the sector's middle half▲ 32.2%€154,575within the sector's middle half▲ 30.7%
Total assets€142,777within the sector's middle half▲ 49.6%€160,840within the sector's middle half▲ 12.7%€206,479within the sector's middle half▲ 28.4%€132,732within the sector's middle half▼ 35.7%€165,799within the sector's middle half▲ 24.9%
Debt€34,359▲ 23.0%€9,602▼ 72.1%€117,011▲ 1,119%€14,462▼ 87.6%€11,224▼ 22.4%
Working capital€106,483within the sector's middle half▲ 69.4%€148,930above the sector's middle half▲ 39.9%€85,125within the sector's middle half▼ 42.8%€116,464within the sector's middle half▲ 36.8%€152,229above the sector's middle half▲ 30.7%
Solvency75.9%within the sector's middle half▲ 5.2pp94.0%above the sector's middle half▲ 18.1pp43.3%within the sector's middle half▼ 50.7pp89.1%above the sector's middle half▲ 45.8pp93.2%above the sector's middle half▲ 4.1pp
Current ratio4.10within the sector's middle half▲ 0.8516.51above the sector's middle half▲ 12.411.73within the sector's middle half▼ 14.789.98above the sector's middle half▲ 8.2614.56above the sector's middle half▲ 4.58
Return on assets (ROA)28.7%above the sector's middle half▼ 11.2pp26.6%within the sector's middle half▼ 2.0pp21.4%within the sector's middle half▼ 5.2pp21.7%within the sector's middle half▲ 0.3pp21.9%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165,799
Fixed assets
€2,346 ▼ 29.0%
Current assets
€163,453 ▲ 26.3%
Equity and liabilities €165,799
Equity
€154,575 ▲ 30.7%
Debt
€11,224 ▼ 22.4%
Debt's share of the balance-sheet total falls from 10.9% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,830▲
2023 · €43,024
Cash flow
€38,589▲
2023 · €30,858
Debt to equity
0.07▼
2023 · 0.12
ROE
23.5%▼
2023 · 24.4%
Interest coverage
20.86▼
2023 · 22.93
Debt ≤ 1 year
€11,224▼
2023 · €12,962
Income taxes
€11,708▲
2023 · €10,290
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €950 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,691 | €1,990 | €1,907 | €2,055 | €2,284 | ▲ 11.1% |
| Other operating charges640/8 | - | €402 | €405 | €2,907 | €1,376 | ▼ 52.7% |
| Gross operating margin9900 | €55,141 | €58,095 | €60,041 | €45,930 | €54,206 | ▲ 18.0% |
| Operating profit (loss)9901 | €52,396 | €55,702 | €57,729 | €40,968 | €50,546 | ▲ 23.4% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €10 | €0 | - | - | - | - |
| Financial charges65/66B | - | €1,194 | €886 | €1,876 | €2,532 | ▲ 35.0% |
| Recurring financial charges65 | €67 | €1,194 | €886 | €1,876 | €2,532 | ▲ 35.0% |
| Profit (loss) for the period before taxes9903 | €52,339 | €54,509 | €56,843 | €39,092 | €48,014 | ▲ 22.8% |
| Income taxes67/77 | €11,415 | €11,687 | €12,615 | €10,290 | €11,708 | ▲ 13.8% |
| Profit (loss) for the period9904 | €40,924 | €42,821 | €44,229 | €28,802 | €36,305 | ▲ 26.0% |
| Profit (loss) for the period to be appropriated9905 | €40,924 | €42,821 | €44,229 | €28,802 | €36,305 | ▲ 26.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,777 | €160,840 | €206,479 | €132,732 | €165,799 | ▲ 24.9% |
| Fixed assets21/28 | €1,934 | €2,309 | €4,343 | €3,306 | €2,346 | ▼ 29.0% |
| Tangible fixed assets22/27 | €1,684 | €2,059 | €4,093 | €3,306 | €2,346 | ▼ 29.0% |
| Furniture and vehicles24 | - | €2,059 | €4,093 | €3,306 | €2,346 | ▼ 29.0% |
| Financial fixed assets28 | €250 | €250 | €250 | €0 | - | - |
| Current assets29/58 | €140,843 | €158,532 | €202,136 | €129,427 | €163,453 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €20,608 | €27,286 | €23,479 | €27,001 | €27,941 | ▲ 3.5% |
| Trade receivables40 | - | €26,974 | €23,479 | €25,034 | €25,939 | ▲ 3.6% |
| Other amounts receivable41 | - | €313 | €0 | €1,966 | €2,002 | ▲ 1.8% |
| Cash at bank and in hand54/58 | €118,344 | €130,379 | €168,349 | €82,990 | €130,640 | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | €866 | €10,308 | €19,436 | €4,873 | ▼ 74.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,777 | €160,840 | €206,479 | €132,732 | €165,799 | ▲ 24.9% |
| Equity10/15 | €108,418 | €151,239 | €89,468 | €118,270 | €154,575 | ▲ 30.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €87,958 | €130,779 | €69,008 | €97,810 | €134,115 | ▲ 37.1% |
| Amounts payable17/49 | €34,359 | €9,602 | €117,011 | €14,462 | €11,224 | ▼ 22.4% |
| Amounts payable within one year42/48 | €34,359 | €9,602 | €117,011 | €12,962 | €11,224 | ▼ 13.4% |
| Trade debts44 | €2,370 | €0 | - | €639 | €644 | ▲ 0.8% |
| Suppliers440/4 | - | €0 | - | €639 | €644 | ▲ 0.8% |
| Taxes, remuneration and social security45 | - | €8,162 | €9,571 | €9,451 | €9,204 | ▼ 2.6% |
| Taxes450/3 | - | €8,162 | €9,571 | €9,451 | €9,204 | ▼ 2.6% |
| Other amounts payable47/48 | - | €1,440 | €107,440 | €2,872 | €1,376 | ▼ 52.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,924 | €42,821 | €44,229 | €28,802 | €36,305 | ▲ 26.0% |
| + Depreciation and write-downs630 | €2,691 | €1,990 | €1,907 | €2,055 | €2,284 | ▲ 11.1% |
| Operating cash flow (approximation) | €43,615 | €44,811 | €46,136 | €30,858 | €38,589 | ▲ 25.1% |
| Investment in fixed assets (approximation) | - | -€2,364 | -€3,941 | -€1,018 | -€1,324 | ▼ 30.1% |
| Change in cash | - | €12,035 | €37,970 | -€85,359 | €47,650 | ▲ 156% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €154,575 ▲30.7%
7 profitable years in a row build equity to €154,575.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 6current ratio 9.98
Current ratio from 1.73 to 9.98; short-term debt falls from €117,011 to €12,962.
31-12
Financial
Equity above €100,000Eq €118,270 ▲32.2%
6 profitable years in a row build equity to €118,270.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44,229 ▲3.3%
Operating result €57,729, net result €44,229, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 16.51
Current ratio from 4.10 to 16.51; short-term debt falls from €34,359 to €9,602.
31-12
Financial
Equity above €150,000Eq €151,239 ▲39.5%
4 profitable years in a row build equity to €151,239.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €108,418 ▲60.6%
3 profitable years in a row build equity to €108,418.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tienen · 1 establishment unit since 2018
Ground area
535 m²
Building footprint
90 m²
Volume, LiDAR
561 m³
Parcel 24592F0421/00G000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INNOVICO
since 20182.277.931.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592F0421/00G000 | Flanders | 535 m² | 1 · 90 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,298 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
Founded24-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700345839
Also
9925:BE0700345839
Registered
25-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.