INOCA RESEARCH AND DEVELOPMENT
ActiveINOCA RESEARCH AND DEVELOPMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €463k and a net result of €102k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 17.15 against 13.81 in 2024; short-term debt: 5.8% and cash: 11.9% of total assets), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.2%
Return on assets
20.7%
Age of the figures
12 mo
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 29-04-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
28 d late
2021
31 d late
2020
31 d late
2019
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€463k▲ 21.5%
2024 · €381k
2018: €88k
2019: €127k
2020: €149k
2021: €217k
2022: €285k
2023: €328k
2024: €381k
2018 → 2025
Total assets
€492k▼ 1.0%
2024 · €497k
2018: €107k
2019: €129k
2020: €157k
2021: €242k
2022: €304k
2023: €362k
2024: €497k
2018 → 2025
Net result
€102k▲ 21.8%
2024 · €84k
2018: €42k
2019: €43k
2020: €22k
2021: €69k
2022: €98k
2023: €73k
2024: €84k
2018 → 2025
Working capital
€460k▲ 0.4%
2024 · €459k
2018: €85k
2019: €124k
2020: €145k
2021: €213k
2022: €280k
2023: €339k
2024: €459k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€285k▲ 31.1%€328k▲ 15.1%€381k▲ 16.3%€463k▲ 21.5%
Operating result€96k-€128k▲ 33.7%€100k▼ 22.0%€109k▲ 9.5%€137k▲ 25.3%
Net result€69k-€98k▲ 42.4%€73k▼ 25.2%€84k▲ 14.4%€102k▲ 21.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492k
Fixed assets
€3k▲ 6.8%
Current assets
€489k▼ 1.1%
Equity and liabilities €492k
Equity
€463k▲ 21.5%
Debt
€29k▼ 75.4%
The debt ratio falls from 23.3% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k▲
2024 · €112k
Cash flow
€103k▲
2024 · €86k
Solvency
94.2%▲
2024 · 76.7%
Current ratio
17.15▲
2024 · 13.81
Quick ratio
17.15▲
2024 · 13.81
Debt / equity
0.06▼
2024 · 0.30
ROE
22.0%▲
2024 · 21.9%
ROA
20.7%▲
2024 · 16.8%
Interest coverage
257.99▲
2024 · 158.99
Debt
€29k▼
2024 · €116k
Debt ≤ 1 year
€29k▼
2024 · €36k
Income taxes
€35k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€497k€492k▼
Fixed assets21/28€3k€3k▲
Tangible fixed assets22/27€2k€2k▲
Furniture and vehicles24€2k€2k▲
Financial fixed assets28€1k€1k=
Current assets29/58€494k€489k▼
Amounts receivable within one year40/41€51k€92k▲
Trade receivables40€51k€92k▲
Current investments50/53-€338k
Cash at bank and in hand54/58€443k€59k▼
Equity and liabilities
Total equity and liabilities10/49€497k€492k▼
Equity10/15€381k€463k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€355k€457k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€353k€455k▲
Profit (loss) carried forward14€20k€92▼
Amounts payable17/49€116k€29k▼
Amounts payable within one year42/48€36k€29k▼
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€11k€22k▲
Taxes450/3€11k€22k▲
Other amounts payable47/48€25k€4k▼
Accrued charges and deferred income492/3€80k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€112k€139k▲
Operating profit (loss)9901€109k€137k▲
Financial income75/76B€191€35▼
Recurring financial income75€191€35▼
Financial charges65/66B€702€536▼
Recurring financial charges65€702€536▼
Profit (loss) for the period before taxes9903€109k€136k▲
Income taxes67/77€25k€35k▲
Profit (loss) for the period9904€84k€102k▲
Profit (loss) for the period to be appropriated9905€84k€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€133k€121k▼
Profit (loss) brought forward from the previous period14P€50k€20k▼
Transfer to equity691/2€84k€102k▲
To other reserves6921€84k€102k▲
Profit to be distributed694/7€30k€20k▼
Directors or managers695€30k€20k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €102k ▲21.8%
Operating result €137k, net result €102k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Equity above €200kEq €217k ▲46.1%
4 profitable years in a row build equity to €217k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
Financial
Weakest financial yearnet €22k ▼49.3%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
30-09
Financial
Liquidity times 15current ratio 83.39
Current ratio from 5.45 to 83.39; short-term debt falls from €19k to €2k.
30-09
Financial
Equity above €100kEq €127k ▲44.4%
2 profitable years in a row build equity to €127k.
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koolmijnenkaai 541080 Sint-Jans-MolenbeekGround area
1,209 m²
Building footprint
188 m²
Volume, LiDAR
2,144 m³
Parcel 21012A0228/00T008, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
INOCA RESEARCH AND DEVELOPMENT
since 20162.257.285.218
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0228/00T008 | Brussels | 1,209 m² | 1 · 188 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 29,995 companies in sector 62200 we hold annual accounts for 18,391. 12,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2016
Fiscal year end30-09
Abbreviation FR
IRD
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.