InoChem
ActiveSummary
The computed 12-month bankruptcy probability of InoChem is 1.6% (moderate). The 2025 annual accounts show equity of €27,448 and a net result of €15,604. Equity is growing by ~93.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 11502 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+29
Solvency40▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.12 in 2024; short-term debt: 84% and cash: 29.7% of total assets), and 84.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
15.3%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
140 d late
2023
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 108 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 December (3 of the last 3 filed years within 109 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€27,448▲ 132%
2024 · €11,844
Total assets
€179,156▲ 47.4%
2024 · €121,578
Net result
€15,604▲ 142%
2024 · €6,450
Working capital
€27,675▲ 112%
2024 · €13,044
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line202320242025
Operating result-€4,525-€7,852€19,985▲ 155%
Net result-€4,606below the sector's middle half-€6,450within the sector's middle half€15,604within the sector's middle half▲ 142%
Equity€5,394below the sector's middle half-€11,844within the sector's middle half▲ 120%€27,448within the sector's middle half▲ 132%
Total assets€61,229below the sector's middle half-€121,578within the sector's middle half▲ 98.6%€179,156within the sector's middle half▲ 47.4%
Debt€55,835-€109,734▲ 96.5%€151,708▲ 38.3%
Working capital€6,594within the sector's middle half-€13,044within the sector's middle half▲ 97.8%€27,675within the sector's middle half▲ 112%
Solvency8.8%within the sector's middle half-9.7%within the sector's middle half▲ 0.9pp15.3%within the sector's middle half▲ 5.6pp
Current ratio1.12within the sector's middle half-1.12within the sector's middle half=1.18within the sector's middle half▲ 0.06
Return on assets (ROA)-7.5%below the sector's middle half-5.3%within the sector's middle half▲ 12.8pp8.7%within the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 has risen two years in a row; 2025 is 155% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179,156
Fixed assets
€973
Current assets
€178,183
Equity and liabilities €179,156
Equity
€27,448 ▲ 132%
Debt
€151,708 ▲ 38.3%
Debt's share of the balance-sheet total falls from 90.3% to 84.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,986
Cash flow
€15,605
Quick ratio
1.09▲
2024 · 0.96
Debt to equity
5.53▼
2024 · 9.26
ROE
56.8%▲
2024 · 54.5%
Interest coverage
41.99
Debt ≤ 1 year
€150,508▲
2024 · €108,534
Income taxes
€3,905▲
2024 · €1,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
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 7,976 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,178 | - |
| Other operating charges640/8 | €472 | €726 | - | - |
| Gross operating margin9900 | -€4,053 | €8,578 | €26,164 | ▲ 205% |
| Operating profit (loss)9901 | -€4,525 | €7,852 | €19,985 | ▲ 155% |
| Financial charges65/66B | €81 | €140 | €476 | ▲ 240% |
| Recurring financial charges65 | €81 | €140 | €476 | ▲ 240% |
| Profit (loss) for the period before taxes9903 | -€4,606 | €7,712 | €19,509 | ▲ 153% |
| Income taxes67/77 | - | €1,262 | €3,905 | ▲ 209% |
| Profit (loss) for the period9904 | -€4,606 | €6,450 | €15,604 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | -€4,606 | €6,450 | €15,604 | ▲ 142% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,229 | €121,578 | €179,156 | ▲ 47.4% |
| Fixed assets21/28 | - | - | €973 | - |
| Tangible fixed assets22/27 | - | - | €973 | - |
| Plant, machinery and equipment23 | - | - | €973 | - |
| Current assets29/58 | €61,229 | €121,578 | €178,183 | ▲ 46.6% |
| Stocks and contracts in progress3 | - | €16,867 | €14,867 | ▼ 11.9% |
| Stocks30/36 | - | €16,867 | €14,867 | ▼ 11.9% |
| Amounts receivable within one year40/41 | €24,415 | €36,973 | €110,163 | ▲ 198% |
| Trade receivables40 | €24,415 | €29,942 | €103,072 | ▲ 244% |
| Other amounts receivable41 | - | €7,031 | €7,091 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €36,814 | €67,738 | €53,153 | ▼ 21.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,229 | €121,578 | €179,156 | ▲ 47.4% |
| Equity10/15 | €5,394 | €11,844 | €27,448 | ▲ 132% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €1,844 | €17,448 | ▲ 846% |
| Distributable reserves133 | - | €1,844 | €17,448 | ▲ 846% |
| Profit (loss) carried forward14 | -€4,606 | - | - | - |
| Amounts payable17/49 | €55,835 | €109,734 | €151,708 | ▲ 38.3% |
| Amounts payable within one year42/48 | €54,635 | €108,534 | €150,508 | ▲ 38.7% |
| Trade debts44 | €50,072 | €93,185 | €128,799 | ▲ 38.2% |
| Suppliers440/4 | €50,072 | €93,185 | €128,799 | ▲ 38.2% |
| Taxes, remuneration and social security45 | €595 | €9,928 | €11,338 | ▲ 14.2% |
| Taxes450/3 | €332 | €8,327 | €11,338 | ▲ 36.2% |
| Remuneration and social security454/9 | €263 | €1,601 | - | - |
| Other amounts payable47/48 | €3,968 | €5,421 | €10,371 | ▲ 91.3% |
| Accrued charges and deferred income492/3 | €1,200 | €1,200 | €1,200 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,606 | €6,450 | €15,604 | ▲ 142% |
| + Depreciation and write-downs630 | - | - | €1 | - |
| Operating cash flow (approximation) | -€4,606 | €6,450 | €15,605 | ▲ 142% |
| Change in cash | - | €30,924 | -€14,585 | ▼ 147% |
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
Next filing, fiscal year 2026, expected by
2026
18-09
State Gazette act
Registered office · Other addressesRegistered-office move3 facts ▸
State Gazette act
Registered office · Other addresses
Registered-office move3 facts ▸
- General meeting, 14-09-2026
- Registered-office move, Fraterstraat 2B bus 202, 9820 Merelbeke - Melle
- Other statement, https://inochem.be, website
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2023net €15,604 ▲142%
Operating result €19,985, net result €15,604, both a record.
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Back to profitnet €6,450
Net result €6,450 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2023
Ground area
257 m²
Building footprint
224 m²
Volume, LiDAR
2,430 m³
2 parcels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
InoChem
since 20232.343.379.349
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0228/00E002 | Flanders | 197 m² | 1 · 162 m² | 11.7 m · 3 fl. |
| 44803C0617/00W000 | Flanders | 60 m² | 1 · 63 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,228 companies in sector 46851 we hold annual accounts for 528. 136 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
Founded17-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
46120Wholesale trade
46852Wholesale trade
46869Wholesale trade
47120Other non-specialised retail sale
82990Other business support services
Contact
Website
inochem.be
E-mail
info@inochem.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0799637316
Also
9925:BE0799637316
Registered
31-12-2025
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.