INOVA
ActiveSummary
INOVA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,627 and a net result of -€32,617. Equity is growing by ~28.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-86
Solvency51▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.06 against 0.13 in 2024; short-term debt: 69.2% and cash: 0.1% of total assets), and 73.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
26.2%
Return on assets
-11.4%
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 07-08-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
20 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
52 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€32,617
2024 · €67,688
Working capital
-€184,472▼ 14.1%
2024 · -€161,745
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,013▼ 83.7%€25,549▲ 748%€8,071▼ 68.4%€72,008▲ 792%-€28,574
Net result-€17,290€23,021€4,733▼ 79.4%€67,688▲ 1,330%-€32,617
Equity€11,802▼ 59.4%€34,823▲ 195%€39,556▲ 13.6%€107,244▲ 171%€74,627▼ 30.4%
Total assets€429,080▼ 3.8%€415,782▼ 3.1%€406,306▼ 2.3%€326,958▼ 19.5%€285,068▼ 12.8%
Debt€417,278▲ 0.1%€380,959▼ 8.7%€366,750▼ 3.7%€219,715▼ 40.1%€210,441▼ 4.2%
Working capital-€345,694▲ 15.1%-€291,703▲ 15.6%-€293,791▼ 0.7%-€161,745▲ 44.9%-€184,472▼ 14.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €28,574 after €72,008 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,068
Fixed assets
€272,275 ▼ 10.0%
Current assets
€12,793 ▼ 47.9%
Equity and liabilities €285,068
Equity
€74,627 ▼ 30.4%
Debt
€210,441 ▼ 4.2%
Debt's share of the balance-sheet total rises from 67.2% to 73.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,566▼
2024 · €102,224
Cash flow
-€2,477▼
2024 · €97,904
Current ratio
0.06▼
2024 · 0.13
Debt to equity
2.82▲
2024 · 2.05
ROE
-43.7%▼
2024 · 63.1%
ROA
-11.4%▼
2024 · 20.7%
Interest coverage
0.50▼
2024 · 23.66
Debt ≤ 1 year
€197,265▲
2024 · €186,288
Debt > 1 year
€13,176▼
2024 · €33,426
Income taxes
€890▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,221 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €76,545 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,611 | €30,971 | €31,642 | €30,216 | €30,140 | ▼ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €16,771 | - | - |
| Other operating charges640/8 | €16,770 | €17,284 | €25,674 | €22,172 | €20,767 | ▼ 6.3% |
| Non-recurring operating charges66A | €1,800 | - | - | - | €44,500 | - |
| Gross operating margin9900 | €52,194 | €73,803 | €65,387 | €141,166 | €66,834 | ▼ 52.7% |
| Operating profit (loss)9901 | €3,013 | €25,549 | €8,071 | €72,008 | -€28,574 | ▼ 140% |
| Financial charges65/66B | €20,303 | €2,528 | €3,300 | €4,320 | €3,153 | ▼ 27.0% |
| Recurring financial charges65 | €20,303 | €2,528 | €3,300 | €4,320 | €3,153 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | -€17,290 | €23,021 | €4,771 | €67,688 | -€31,727 | ▼ 147% |
| Income taxes67/77 | - | - | €38 | €0 | €890 | ▲ 8,894,900% |
| Profit (loss) for the period9904 | -€17,290 | €23,021 | €4,733 | €67,688 | -€32,617 | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | -€17,290 | €23,021 | €4,733 | €67,688 | -€32,617 | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €429,080 | €415,782 | €406,306 | €326,958 | €285,068 | ▼ 12.8% |
| Fixed assets21/28 | €419,323 | €388,352 | €389,133 | €302,414 | €272,275 | ▼ 10.0% |
| Tangible fixed assets22/27 | €419,323 | €388,352 | €389,133 | €302,414 | €272,275 | ▼ 10.0% |
| Land and buildings22 | €412,895 | €383,501 | €355,018 | €274,936 | €252,933 | ▼ 8.0% |
| Plant, machinery and equipment23 | €6,428 | €4,851 | €3,274 | €1,697 | €360 | ▼ 78.8% |
| Furniture and vehicles24 | - | - | €30,841 | €25,781 | €18,981 | ▼ 26.4% |
| Current assets29/58 | €9,757 | €27,429 | €17,173 | €24,544 | €12,793 | ▼ 47.9% |
| Amounts receivable within one year40/41 | €379 | €11,123 | €17,173 | €13,568 | €9,664 | ▼ 28.8% |
| Trade receivables40 | €379 | €11,123 | €17,173 | €13,568 | €9,664 | ▼ 28.8% |
| Cash at bank and in hand54/58 | €9,378 | €16,306 | - | €8,176 | €248 | ▼ 97.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,800 | €2,881 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €429,080 | €415,782 | €406,306 | €326,958 | €285,068 | ▼ 12.8% |
| Equity10/15 | €11,802 | €34,823 | €39,556 | €107,244 | €74,627 | ▼ 30.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€43,198 | -€20,177 | -€15,444 | €52,244 | €19,627 | ▼ 62.4% |
| Amounts payable17/49 | €417,278 | €380,959 | €366,750 | €219,715 | €210,441 | ▼ 4.2% |
| Amounts payable after more than one year17 | €61,827 | €61,827 | €55,786 | €33,426 | €13,176 | ▼ 60.6% |
| Financial debts170/4 | €61,827 | €61,827 | €55,786 | €33,426 | €13,176 | ▼ 60.6% |
| Amounts payable within one year42/48 | €355,451 | €319,132 | €310,964 | €186,288 | €197,265 | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | €22,708 | - | €21,736 | €21,031 | €18,776 | ▼ 10.7% |
| Financial debts43 | - | - | €6,862 | - | €17,001 | - |
| Credit institutions430/8 | - | - | €6,862 | - | €17,001 | - |
| Trade debts44 | €22,854 | €29,242 | €17,272 | €2,831 | €5,936 | ▲ 110% |
| Suppliers440/4 | €22,854 | €29,242 | €17,272 | €2,831 | €5,936 | ▲ 110% |
| Taxes, remuneration and social security45 | - | - | €38 | - | €890 | - |
| Taxes450/3 | - | - | €38 | - | €890 | - |
| Other amounts payable47/48 | €309,890 | €289,890 | €265,056 | €162,426 | €154,662 | ▼ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,290 | €23,021 | €4,733 | €67,688 | -€32,617 | ▼ 148% |
| + Depreciation and write-downs630 | €30,611 | €30,971 | €31,642 | €30,216 | €30,140 | ▼ 0.3% |
| Operating cash flow (approximation) | €13,321 | €53,991 | €36,375 | €97,904 | -€2,477 | ▼ 103% |
| Investment in fixed assets (approximation) | - | €0 | -€32,422 | €56,503 | €0 | ▼ 100% |
| Change in cash | - | €6,929 | - | - | -€7,928 | - |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
28-05
State Gazette act
Resignations: Pascal BOTQUIN (director) and Jacques GHIERCHЕ (director)Appointment: Éric SIRAULT (director) · Registered-office move5 facts ▸
State Gazette act
Resignations: Pascal BOTQUIN (director) and Jacques GHIERCHЕ (director)
Appointment: Éric SIRAULT (director) · Registered-office move5 facts ▸
- General meeting, 01-05-2026
- Director resignation, Pascal BOTQUIN (director)
- Director resignation, Jacques GHIERCHЕ (director)
- Director appointment, Éric SIRAULT (director)
- Registered-office move, Rue Marcas 18 à 7060 Soignies
2025
31-12
Financial
Weakest financial yearnet -€32,617
Net result drops to -€32,617, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Highest result since 2018net €67,688 ▲1,330%
Operating result €72,008, net result €67,688, both a record.
31-12
Financial
Equity above €100,000Eq €107,244 ▲171%
3 profitable years in a row build equity to €107,244.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Back to profitnet €23,021
Net result €23,021 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 52 days late
2020
31-12
Financial
Back to profitnet €13,995
Net result €13,995 after 2 loss-making years.
Show earlier events
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Éric SIRAULT
CurrentDirector · since 01-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Soignies
Ground area
921 m²
Building footprint
921 m²
Volume, LiDAR
6,336 m³
Parcel 55040B1062/00M000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040B1062/00M000 | Wallonia | 921 m² | 1 · 921 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Éric SIRAULT |
|
| Jacques GHIERCHЕ |
|
| Pascal BOTQUIN |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448188795
Also
9925:BE0448188795
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.