Inokura
ActiveInokura has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €808k and a net result of €188k. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+11
Solvency60▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.69 in 2024; short-term debt: 54.2% and cash: 73% of total assets), but 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
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
35.2%
Return on assets
8.2%
Age of the figures
9 mo
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
50 d early
2023
62 d early
2022
39 d early
2021
51 d early
2020
36 d early
2019
36 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.42M▲ 7.5%
2024 · €5.98M
2018: €4.40M
2019: €2.92M
2020: €1.64M
2021: €4.73M
2022: €4.14M
2023: €5.07M
2024: €5.98M
2018 → 2025
EBIT margin
4.8%▲ 3.8pp
2024 · 1.0%
2018: 20.6%
2019: 0.1%
2020: -37.1%
2021: 21.3%
2022: -11.0%
2023: 18.1%
2024: 1.0%
2018 → 2025
Net result
€188k▲ 417%
2024 · €36k
2018: €908k
2019: €-3k
2020: €-611k
2021: €958k
2022: €-461k
2023: €777k
2024: €36k
2018 → 2025
Working capital
€811k▼ 5.8%
2024 · €860k
2018: €-51k
2019: €-56k
2020: €-657k
2021: €299k
2022: €-13k
2023: €913k
2024: €860k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.73M-€4.14M▼ 12.5%€5.07M▲ 22.4%€5.98M▲ 17.9%€6.42M▲ 7.5%
Equity€267k-€-194k€583k€620k▲ 6.2%€808k▲ 30.4%
Operating result€1.01M-€-456k€915k€62k▼ 93.2%€310k▲ 401%
Net result€958k-€-461k€777k€36k▼ 95.3%€188k▲ 417%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 401% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.30M
Fixed assets
€242k▲ 218%
Current assets
€2.06M▼ 2.1%
Equity and liabilities €2.30M
Equity
€808k▲ 30.4%
Provisions
€227k=
Debt
€1.26M▼ 4.9%
The debt ratio falls from 61.1% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€350k▲
2024 · €95k
Cash flow
€228k▲
2024 · €70k
Solvency
35.2%▲
2024 · 28.5%
Current ratio
1.65▼
2024 · 1.69
Quick ratio
1.65▼
2024 · 1.69
Debt / equity
1.56▼
2024 · 2.14
ROE
23.3%▲
2024 · 5.9%
ROA
8.2%▲
2024 · 1.7%
Interest coverage
789.40▲
2024 · 352.43
Debt
€1.26M▼
2024 · €1.33M
Debt ≤ 1 year
€1.25M▲
2024 · €1.24M
Income taxes
€122k▲
2024 · €25k
Staff costs
€2.00M▲
2024 · €1.56M
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€2.18M€2.30M▲
Fixed assets21/28€76k€242k▲
Intangible fixed assets21€8k€10k▲
Tangible fixed assets22/27€68k€232k▲
Land and buildings22-€77k
Plant, machinery and equipment23€679€230▼
Furniture and vehicles24€68k€155k▲
Current assets29/58€2.10M€2.06M▼
Amounts receivable within one year40/41€1.01M€289k▼
Trade receivables40€814k€118k▼
Other amounts receivable41€200k€171k▼
Cash at bank and in hand54/58€898k€1.68M▲
Deferred charges and accrued income490/1€188k€91k▼
Equity and liabilities
Total equity and liabilities10/49€2.18M€2.30M▲
Equity10/15€620k€808k▲
Contributions10/11€347k€347k=
Capital10€347k€347k=
Issued capital100€347k€347k=
Reserves13€277k€277k=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€143k€143k=
Distributable reserves133€99k€99k=
Profit (loss) carried forward14€-5k€184k▲
Provisions and deferred taxes16€227k€227k=
Provisions for liabilities and charges160/5€227k€227k=
Other liabilities and charges164/5€227k€227k=
Amounts payable17/49€1.33M€1.26M▼
Amounts payable after more than one year17€68k-
Financial debts170/4€68k-
Amounts payable within one year42/48€1.24M€1.25M▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€775k€838k▲
Suppliers440/4€775k€838k▲
Taxes, remuneration and social security45€422k€407k▼
Taxes450/3€219k€117k▼
Remuneration and social security454/9€203k€290k▲
Other amounts payable47/48€34k-
Accrued charges and deferred income492/3€22k€18k▼
Income statement
Code20242025
Turnover70€5.98M€6.42M▲
Non-recurring operating income76A€82k-
Goods, raw materials, services and sundry goods60/61€4.49M€4.12M▼
Remuneration, social security and pensions62€1.56M€2.00M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€39k▲
Other operating charges640/8€52k€46k▼
Non-recurring operating charges66A-€19k
Gross operating margin9900€1.71M€2.41M▲
Operating profit (loss)9901€62k€310k▲
Financial income75/76B€1€280▲
Recurring financial income75€1€280▲
Financial charges65/66B€270€443▲
Recurring financial charges65€270€443▲
Profit (loss) for the period before taxes9903€62k€310k▲
Income taxes67/77€25k€122k▲
Profit (loss) for the period9904€36k€188k▲
Transfer to tax-exempt reserves689€143k-
Profit (loss) for the period to be appropriated9905€-107k€188k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€184k▲
Profit (loss) brought forward from the previous period14P€102k€-5k▼
Social balance
Average headcount (FTE)908723.825.8▲
The notes to these accounts (10 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €777k
Net result €777k after one loss-making year.
31-12
Financial
Equity above €500kEq €583k
Equity rises from €-194k to €583k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €958k
Net result €958k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.42
Current ratio from 0.40 to 1.42; short-term debt falls from €1.10M to €704k.
31-12
Financial
Equity above €200kEq €267k
Equity rises from €-691k to €267k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-611k
Net result drops to €-611k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Liège · 1 establishment unit since 1983
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.
Avenue de l'Hôpital 14000 LiègeGround area
1.4 ha
Building footprint
2.3 ha
Volume, LiDAR
538,905 m³
Parcel 62826D0504/00R002, Wallonia · tallest building 48.9 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Rue Sart-Tilman 35, 4031 Liège
since 19832.022.984.191
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62826D0504/00R002 ProtectedMonument |
Wallonia | 1.4 ha | 1 · 2.3 ha | 48.9 m · 8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 1,178 companies in sector 72109 we hold annual accounts for 716. 468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-09-1983
Fiscal year end31-12
Activities, NACEBEL
72109Other research and development on natural sciences
73100
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.