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InOpSys

Active
Public limited companyfounded 2015active for 11 yearsMaanstraat 9, 2800 Mechelen, BelgiumKBO/BCE: BE 0630.861.670
Summary

InOpSys has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€2.0m. Equity is growing by about 5.2% per year across the filed financial years. Its solvency ranks better than 32% of 236 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Other research and development on natural sciences
NACE 72109Engineering and related technical consultancy, excluding land surveyors NACE 71121
10th fastest staff growth in Mechelen, Professional and technical services sector3 sites
Size
€11.0mtotal assets 2025
Staff
20 FTE
Equity
€3.1m
Loss
-€2.0m
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Parent
Indaver Holding · 100%
Board
12 members
Holdings
1
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 42 days early
Why 65raises riskLoss of €2.0m, the second in a row (financial year 2025)Liquidity: current ratio 2.77, cash €1,171, halvedlowers riskFigures for financial year 2025 (filed 19-06-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 28% of its sector peers (NACE 72, small)
Financial strength · tick = 2024
Weak
Solvency 54-26
equity 28.5% of total assets
Liquidity 48+3
short-term debt 13.4% · cash 0.0%
Profitability 6+2
return on assets -18.0%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (166 companies, NACE 72, small)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.3%▲ +0.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▼ -0.6 percentage points vs 07-2025lowest value 09-2025: 0.8%● unchanged vs 08-2025lowest value 10-2025: 0.8%● unchanged vs 09-2025lowest value 11-2025: 0.9%▲ +0.1 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.1%▲ +0.1 percentage points vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.2 percentage points vs 07-2026 09-2026: 1.6%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 1.1%▼ -0.5 percentage points vs 09-2026
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.77, compared with 1.59 in 2024; short-term debt: 13.4% and cash: 0% of total assets), but 71.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 72, small): better than 35% on solvency, 33% on liquidity, 28% on profitability and 14% on growth.

The bankruptcy probability was computed on 11-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €2.0m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.77, cash €1,171, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 19-06-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.0m
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
17 days early
2023
117 days early
2022
62 days early
2021
69 days early
2020
67 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 58 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointments: AVELIN BV, ENTRA MOBILE BV…Permanent representatives: Jonathan Van Steelant…
  3. Weakest financial yearnet -€2.0m

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€2.0m View
  • Caution: Among the weakest 16% on net resultsector median €3,198 · 233 companies -€2.0m View
  • New directorslatest change 26-03-2026 · 12 in office 3 joined View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: Equity fell in 2025from €5.2m to €3.1m ▼ 39.2% View
  • Controlled by Indaver Holdingultimately: Katoen Natie Group SA 100% View
  • Flemish supportawarded from 2022 to 2025 €326,645 View

By topic

Financials

Financial year
2025
Total assets
€11.0m
Loss
-€2.0m
Solvency
28.5%
Total assets▲ 17.7%
Net result
20182025
Go to Financials

Board & ownership

Board
12 members
Parent
Indaver Holding · 100%
Auditor
Ernst et Young Reviseurs…
  • AIR LIQUIDE INVESTISSEMENTS D'AVENIR ET DE DEMONSTRATIONDirector
  • DE BRUYCKER Paul, CesarDirector
  • Stefan KuehnbachDirector
  • Sven De NeefDirector
  • Avelin BVDirector

and 7 other directors

Go to Board & ownership

Network & group

Group
Katoen Natie Group SA
Subsidiaries
1
Connected companies
54

1 subsidiary

Go to Network & group

Timeline

Events
35
Since
2015
Next accounts
by 31-07-2027
  1. 10-12-2025Capital & shares
  2. 14-07-2025Annual accounts filed
  3. 07-04-2025Resignation: Finvision (statutory auditor)
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Other research and development on natural sciencesNACE 72109
Founded
27-05-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
32
Purpose
“De verwerking of behandeling van vloeibare of gasvormige stromen van gelijk welke…” (deed in Dutch)
Go to Articles of association

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