Turnover
≈ €430,000 estimated
The micro format states no turnover.
INOA Solutions
Lifetime
1 annual account with figurespeak €170,378 (2025)
€170,378
peak €49,988 (2025)
€49,988
peak €54,155 (2025)
€54,155
€60,402
Board1 name since 2024
1 directorFELLAH BOULAICH Noura
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Dividend €833First year with figures
Key points
from the 2025 annual accountsAt the same address
176 companies
Position in the sector
€49,988
Higher net result than 84% of companies in civil engineering. Sector median €12,006 · 1,259 companies.
2025 accounts filed 18 days after the deadline
Checked score
53
Fair
Financially stronger than 54% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.9%lowest value
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.6%▲ +0.2 percentage points vs 02-2026
04-2026: 2.6%● unchanged vs 03-2026
05-2026: 2.9%▲ +0.3 percentage points vs 04-2026
06-2026: 3.0%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 2.8%▼ -0.2 percentage points vs 06-2026
08-2026: 2.9%▲ +0.1 percentage points vs 07-2026
09-2026: 2.4%▼ -0.5 percentage points vs 08-2026
10-2026: 2.5%▲ +0.1 percentage points vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €114,557
Liquidity: current ratio 1.61, cash €2,531
Sector: Civil engineering (NACE 42)
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 42, micro). It does better than 53% of them on solvency, 17% on liquidity and 91% on profitability.
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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as INOA Solutions has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of INOA Solutions itself is higher: 2.5% within 12 months. It rests on far more data about INOA Solutions 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 39,278 companies, not a prediction for INOA Solutions. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61, above the usual 1.5. Short-term debt is 52.7% and cash 2.2% of total assets. However, 52.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 1 filingDeviation from the deadline
2025
18 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014449358
Incorporation
Founding capital of €5,000, 100 shares · Founder: FELLAH BOULAICH Noura · Appointment: FELLAH BOULAICH Noura (director) · published on 03-10-2024 · Gazette deed
First establishment
ENERGENIUS, Louizalaan 500, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INOA Solutions Brussels | €114,557 | €170,378 | 47.3% | - |
| PROIN Koekelberg | €101,771 | €69,154 | 67.4% | - |
| TERRATOM Montigny-le-Tilleul | €48,438 | €127,740 | 54.3% | - |
| GUBA CONSULT Verviers | €61,126 | €46,327 | 60.9% | - |
| SMECCO Geel | €280,916 | €187,318 | 87.2% | - |
| AMIGO Herzele | €490,085 | €266,387 | 27.1% | 1.4 |
| PVB Services Mol | €101,614 | €63,537 | 47.7% | - |
These companies have the same main activity as INOA Solutions: civil engineering (NACE 42990). They are comparable in size and age: total assets between €48,400 and €490,000, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 01-10-2024Normal situation
- Registered office
- 178 active companies are registered at this address13 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Civil engineeringNACE 42990and 6 others
- Establishment unit
- 2.366.627.9721050 Brussels, since 01-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Insights on INOA Solutions
The computed 12-month bankruptcy probability of INOA Solutions is 2.5% (moderate). The 2025 annual accounts show equity of €54,155 and a net result of €49,988.
Its solvency ranks better than 53% of 1,263 sector peers (NACE 42, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 INOA Solutions
- What is the company number of INOA Solutions?
- The company number of INOA Solutions is 1014.449.358. The VAT number is the same number with BE in front: BE 1014.449.358.
- Where is INOA Solutions based?
- The registered office is at Louizalaan 500, 1050 Brussels.Company details
- What does INOA Solutions do?
- According to the KBO register, the main activity is civil engineering (NACE 42990).
- What is the legal form of INOA Solutions?
- INOA Solutions is a private limited company (BV).
- When was INOA Solutions founded?
- INOA Solutions was founded on 01-10-2024.
- Is INOA Solutions still active?
- Yes, INOA Solutions is an active enterprise in the KBO register.
- How many employees does INOA Solutions have?
- INOA Solutions had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of INOA Solutions?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €170,378 and 2,205 comparable companies of the same size. It probably lies between €280,000 and €660,000. It is a rough estimate.
- Is INOA Solutions profitable?
- In financial year 2025, INOA Solutions made a profit of €49,988.
- Where can I find the annual accounts of INOA Solutions?
- INOA Solutions filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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