INOTECH
ActiveThe computed 12-month bankruptcy probability of INOTECH is 2.5% (moderate). The 2025 annual accounts show equity of €65k and a net result of €-7k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 82% of 27386 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-60
Solvency100▲+2
Growth22=
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 7.39 against 2.62 in 2024), and 22.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
77.3%
Return on assets
-7.9%
Age of the figures
8 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 18-08-2026, 18 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 · 6 filingsDeviation from the deadline
2025
18 d late
2024
53 d late
2023
84 d late
2022
269 d late
2021
20 d early
2020
90 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€183k▼ 52.3%
2024 · €384k
2023: €601k
2024: €384k
2023 → 2025
EBIT margin
-1.4%▼ 10.3pp
2024 · 8.9%
2023: 6.2%
2024: 8.9%
2023 → 2025
Net result
€-7k
2024 · €15k
2020: €84k
2021: €11k
2022: €3k
2023: €41k
2024: €15k
2020 → 2025
Working capital
€60k▼ 3.1%
2024 · €62k
2020: €88k
2021: €98k
2022: €90k
2023: €86k
2024: €62k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€601k€384k▼ 36.0%€183k▼ 52.3%
Equity€103k-€106k▲ 3.1%€108k▲ 1.4%€72k▼ 33.6%€65k▼ 9.2%
Operating result€15k-€5k▼ 64.3%€37k▲ 609%€34k▼ 8.1%€-3k
Net result€11k-€3k▼ 70.5%€41k▲ 1,207%€15k▼ 64.1%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €34k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€14k▼ 24.8%
Current assets
€70k▼ 30.7%
Equity and liabilities €84k
Equity
€65k▼ 9.2%
Debt
€19k▼ 60.3%
The debt ratio falls from 40.2% to 22.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€6k▼
2024 · €45k
Cash flow
€2k▼
2024 · €26k
Solvency
77.3%▲
2024 · 59.8%
Current ratio
7.39▲
2024 · 2.62
Quick ratio
6.24▲
2024 · 2.62
Debt / equity
0.29▼
2024 · 0.67
ROE
-10.2%▼
2024 · 20.8%
ROA
-7.9%▼
2024 · 12.4%
Interest coverage
0.65▼
2024 · 2.74
Debt
€19k▼
2024 · €48k
Debt ≤ 1 year
€9k▼
2024 · €38k
Staff costs
€10k▲
2024 · €2k
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€119k€84k▼
Fixed assets21/28€19k€14k▼
Tangible fixed assets22/27€19k€14k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€15k€11k▼
Financial fixed assets28€180€390▲
Current assets29/58€101k€70k▼
Stocks and contracts in progress3-€11k
Stocks30/36-€11k
Amounts receivable within one year40/41€88k€52k▼
Trade receivables40€74k€48k▼
Other amounts receivable41€13k€4k▼
Cash at bank and in hand54/58€11k€3k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€119k€84k▼
Equity10/15€72k€65k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€62k€55k▼
Amounts payable17/49€48k€19k▼
Amounts payable within one year42/48€38k€9k▼
Trade debts44€33k€5k▼
Suppliers440/4€33k€5k▼
Taxes, remuneration and social security45€6k-
Taxes450/3€6k-
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€10k€10k=
Income statement
Code20242025
Turnover70€384k€183k▼
Goods, raw materials, services and sundry goods60/61€325k€166k▼
Remuneration, social security and pensions62€2k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€7k€2k▼
Gross operating margin9900€56k€18k▼
Operating profit (loss)9901€34k€-3k▼
Financial income75/76B€28k€5k▼
Recurring financial income75€169€967▲
Non-recurring financial income76B€28k€4k▼
Financial charges65/66B€22k€9k▼
Recurring financial charges65€16k€9k▼
Non-recurring financial charges66B€6k-
Profit (loss) for the period before taxes9903€40k€-7k▼
Income taxes67/77€25k-
Profit (loss) for the period9904€15k€-7k▼
Profit (loss) for the period to be appropriated9905€15k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€113k€55k▼
Profit (loss) brought forward from the previous period14P€98k€62k▼
Profit to be distributed694/7€51k-
Return on contributions (dividend)694€37k-
Directors or managers695€14k-
The notes to these accounts (9 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-7k ▼144%
Net result drops to €-7k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 7.39
Current ratio from 2.62 to 7.39; short-term debt falls from €38k to €9k.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 269 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €103k ▲9.2%
2 profitable years in a row build equity to €103k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 2019
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.
Rue de Dave(JB) 3915100 NamurGround area
478 m²
Building footprint
85 m²
Volume, LiDAR
644 m³
Parcel 92322E0154/00E000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KABASHI GROUP
since 20192.295.610.710
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92322E0154/00E000 | Wallonia | 478 m² | 1 · 85 m² | 9.6 m · 3 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.
Similar companies · same sector, comparable size
E.R.M. ELECTRIC
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RENOVE - ELECTRIC
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H.P. RENOVA
BE 0479.830.393
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 8,690 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.