INOCOIFF
ActiveSummary
The computed 12-month bankruptcy probability of INOCOIFF is 2.8% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 4659 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.85 in 2024; short-term debt: 164.8% and cash: 76.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-64.8%
Return on assets
-51.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-07-2026, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
26 d early
2024
5 d early
2023
27 d late
2022
26 d late
2021
85 d late
2020
26 d late
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-11k▼ 377%
2024 · €-2k
2018: €366
2019: €895▲ +145% vs 2018
2020: €-375▼ -142% vs 2019
2021: €179▲ +148% vs 2020
2022: €415▲ +132% vs 2021
2023: €3k▲ +627% vs 2022highest in 8 years
2024: €-2k▼ -177% vs 2023
2025: €-11k▼ -377% vs 2024lowest in 8 years
2018 → 2025
Total assets
€17k▼ 21.5%
2024 · €22k
2018: €10k
2019: €6k▼ -33.6% vs 2018
2020: €2k▼ -64.8% vs 2019lowest in 8 years
2021: €17k▲ +639% vs 2020
2022: €66k▲ +298% vs 2021highest in 8 years
2023: €23k▼ -64.5% vs 2022
2024: €22k▼ -7.0% vs 2023
2025: €17k▼ -21.5% vs 2024
2018 → 2025
Net result
€-9k▼ 64.1%
2024 · €-5k
2018: €564
2019: €529▼ -6.2% vs 2018
2020: €-1k▼ -340% vs 2019
2021: €554▲ +144% vs 2020
2022: €236▼ -57.4% vs 2021
2023: €3k▲ +1003% vs 2022highest in 8 years
2024: €-5k▼ -305% vs 2023
2025: €-9k▼ -64.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-13k▼ 245%
2024 · €-4k
2018: €-434
2019: €895▲ +306% vs 2018
2020: €-375▼ -142% vs 2019
2021: €179▲ +148% vs 2020
2022: €-1k▼ -768% vs 2021
2023: €2k▲ +246% vs 2022highest in 8 years
2024: €-4k▼ -313% vs 2023
2025: €-13k▼ -245% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179-€415▲ 132%€3k▲ 627%€-2k€-11k▼ 377%
2021: €179
2022: €415▲ +132% vs 2021
2023: €3k▲ +627% vs 2022highest in 5 years
2024: €-2k▼ -177% vs 2023
2025: €-11k▼ -377% vs 2024lowest in 5 years
Operating result€714-€399▼ 44.1%€3k▲ 571%€-5k€-9k▼ 64.6%
2021: €714
2022: €399▼ -44.1% vs 2021
2023: €3k▲ +571% vs 2022highest in 5 years
2024: €-5k▼ -298% vs 2023
2025: €-9k▼ -64.6% vs 2024lowest in 5 years
Net result€554-€236▼ 57.4%€3k▲ 1,003%€-5k€-9k▼ 64.1%
2021: €554
2022: €236▼ -57.4% vs 2021
2023: €3k▲ +1003% vs 2022highest in 5 years
2024: €-5k▼ -305% vs 2023
2025: €-9k▼ -64.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€2k ▲ 25.2%
Current assets
€15k ▼ 24.7%
Key figures and ratios
EBITDA
€-8k▼
2024 · €-5k
Cash flow
€-8k▼
2024 · €-5k
Solvency
-64.8%▼
2024 · -10.7%
Current ratio
0.54▼
2024 · 0.85
Debt to equity
-2.54▲
2024 · -10.38
ROA
-51.2%▼
2024 · -24.5%
Interest coverage
-146.76▼
2024 · -98.50
Debt
€28k▲
2024 · €24k
Debt ≤ 1 year
€28k▲
2024 · €24k
Staff costs
€68k▲
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€17k▼
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€929€589▼
Furniture and vehicles24€469€1k▲
Current assets29/58€20k€15k▼
Amounts receivable within one year40/41€6k€1k▼
Trade receivables40€6k€1k▼
Other amounts receivable41€149-
Cash at bank and in hand54/58€14k€13k▼
Deferred charges and accrued income490/1-€719
Equity and liabilities
Total equity and liabilities10/49€22k€17k▼
Equity10/15€-2k€-11k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-9k€-17k▼
Amounts payable17/49€24k€28k▲
Amounts payable within one year42/48€24k€28k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€21k€25k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€16k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€56k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€362€634▲
Other operating charges640/8€25€25=
Gross operating margin9900€51k€60k▲
Operating profit (loss)9901€-5k€-9k▼
Financial charges65/66B€50€55▲
Recurring financial charges65€50€55▲
Profit (loss) for the period before taxes9903€-5k€-9k▼
Profit (loss) for the period9904€-5k€-9k▼
Profit (loss) for the period to be appropriated9905€-5k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-17k▼
Profit (loss) brought forward from the previous period14P€-3k€-9k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €30k | €54k | €43k | €56k | €68k | ▲ 21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €90 | €340 | €362 | €634 | ▲ 75.0% |
| Other operating charges640/8 | - | - | - | €25 | €25 | = |
| Gross operating margin9900 | €31k | €54k | €46k | €51k | €60k | ▲ 17.7% |
| Operating profit (loss)9901 | €714 | €399 | €3k | €-5k | €-9k | ▼ 64.6% |
| Financial charges65/66B | €161 | €163 | €76 | €50 | €55 | ▲ 10.0% |
| Recurring financial charges65 | €161 | €163 | €76 | €50 | €55 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €554 | €236 | €3k | €-5k | €-9k | ▼ 64.1% |
| Profit (loss) for the period9904 | €554 | €236 | €3k | €-5k | €-9k | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €554 | €236 | €3k | €-5k | €-9k | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €66k | €23k | €22k | €17k | ▼ 21.5% |
| Fixed assets21/28 | - | €2k | €1k | €1k | €2k | ▲ 25.2% |
| Tangible fixed assets22/27 | - | €2k | €1k | €1k | €2k | ▲ 25.2% |
| Plant, machinery and equipment23 | - | €2k | €1k | €929 | €589 | ▼ 36.6% |
| Furniture and vehicles24 | - | - | - | €469 | €1k | ▲ 147% |
| Current assets29/58 | €17k | €64k | €22k | €20k | €15k | ▼ 24.7% |
| Amounts receivable within one year40/41 | €15k | €60k | €8k | €6k | €1k | ▼ 76.9% |
| Trade receivables40 | €15k | €53k | €8k | €6k | €1k | ▼ 76.4% |
| Other amounts receivable41 | - | €7k | - | €149 | - | - |
| Cash at bank and in hand54/58 | €2k | €4k | €14k | €14k | €13k | ▼ 5.5% |
| Deferred charges and accrued income490/1 | - | €338 | - | - | €719 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €66k | €23k | €22k | €17k | ▼ 21.5% |
| Equity10/15 | €179 | €415 | €3k | €-2k | €-11k | ▼ 377% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | - | - | - | - | - |
| Other1109/19 | €6k | - | - | - | - | - |
| Profit (loss) carried forward14 | €-6k | €-6k | €-3k | €-9k | €-17k | ▼ 103% |
| Amounts payable17/49 | €16k | €66k | €20k | €24k | €28k | ▲ 16.9% |
| Amounts payable within one year42/48 | €16k | €66k | €20k | €24k | €28k | ▲ 16.9% |
| Trade debts44 | €173 | €7k | €3k | €3k | €4k | ▲ 9.7% |
| Suppliers440/4 | €173 | €7k | €3k | €3k | €4k | ▲ 9.7% |
| Taxes, remuneration and social security45 | €14k | €22k | €18k | €21k | €25k | ▲ 18.1% |
| Taxes450/3 | €6k | €6k | €8k | €5k | €6k | ▲ 15.9% |
| Remuneration and social security454/9 | €8k | €16k | €10k | €16k | €19k | ▲ 18.8% |
| Other amounts payable47/48 | €3k | €37k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €554 | €236 | €3k | €-5k | €-9k | ▼ 64.1% |
| + Depreciation and write-downs630 | - | €90 | €340 | €362 | €634 | ▲ 75.0% |
| Operating cash flow (approximation) | €554 | €326 | €3k | €-5k | €-8k | ▼ 63.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €-492 | €-986 | ▼ 100% |
| Change in cash | - | €2k | €10k | €152 | €-763 | ▼ 603% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €3k ▲1,003%
Operating result €3k, net result €3k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Back to profitnet €554
Net result €554 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Etterbeek · 2 establishment units since 2017
Ground area
233 m²
Building footprint
178 m²
Volume, LiDAR
2,047 m³
2 parcels, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
INOCOIFF
since 20172.263.032.071
Notelaarsstraat 137, 1000 Brussel
since 20202.304.625.176
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0102/00L002 | Brussels | 175 m² | 1 · 120 m² | 14.9 m · 4 fl. |
| 21806F0052/00B004 | Brussels | 58 m² | 1 · 58 m² | 18.3 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.
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Of 21,742 companies in sector 96210 we hold annual accounts for 2,831. 1,686 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
Founded29-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.