INOVIGATE
ActiveSummary
INOVIGATE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €186,215. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 8.83 against 7.14 in 2024; short-term debt: 10.8% and cash: 16.2% of total assets), and 10.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← 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
89.2%
Return on assets
13.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d early
2023
43 d late
2022
30 d late
2021
12 d late
2020
23 d late
2019
47 d late
← 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 22 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed 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 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▼ 5.3%
2024 · €1.3m
Total assets
€1.4m▼ 7.4%
2024 · €1.5m
Net result
€186,215▲ 35.3%
2024 · €137,620
Working capital
€1.2m▼ 1.0%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€556,387▲ 191%€296,165▼ 46.8%€85,255▼ 71.2%€197,603▲ 132%€189,176▼ 4.3%
Net result€430,782above the sector's middle half▲ 179%€230,657above the sector's middle half▼ 46.5%€57,863within the sector's middle half▼ 74.9%€137,620within the sector's middle half▲ 138%€186,215above the sector's middle half▲ 35.3%
Equity€1.1mwithin the sector's middle half▲ 44.7%€1.3mwithin the sector's middle half▲ 21.9%€1.3mwithin the sector's middle half▲ 4.5%€1.3mwithin the sector's middle half▼ 0.9%€1.3mwithin the sector's middle half▼ 5.3%
Total assets€1.5mwithin the sector's middle half▲ 69.6%€1.5mwithin the sector's middle half▼ 2.5%€1.6mwithin the sector's middle half▲ 9.8%€1.5mwithin the sector's middle half▼ 4.7%€1.4mwithin the sector's middle half▼ 7.4%
Debt€441,626▲ 188%€173,193▼ 60.8%€257,916▲ 48.9%€195,609▼ 24.2%€151,871▼ 22.4%
Working capital€1.1mwithin the sector's middle half▲ 51.4%€1.2mwithin the sector's middle half▲ 8.0%€1.2mwithin the sector's middle half▲ 0.8%€1.2mwithin the sector's middle half▲ 1.4%€1.2mwithin the sector's middle half▼ 1.0%
Solvency70.5%within the sector's middle half▼ 12.1pp88.1%above the sector's middle half▲ 17.6pp83.9%above the sector's middle half▼ 4.2pp87.2%above the sector's middle half▲ 3.3pp89.2%above the sector's middle half▲ 2.1pp
Current ratio4.18within the sector's middle half▼ 1.507.79above the sector's middle half▲ 3.605.59within the sector's middle half▼ 2.197.14above the sector's middle half▲ 1.558.83above the sector's middle half▲ 1.69
Return on assets (ROA)28.8%above the sector's middle half▲ 11.3pp15.8%above the sector's middle half▼ 13.0pp3.6%within the sector's middle half▼ 12.2pp9.0%above the sector's middle half▲ 5.4pp13.2%above the sector's middle half▲ 4.2pp
Staff (FTE)3.4below the sector's middle half▲ 113%3.3below the sector's middle half▼ 2.9%3.3below the sector's middle half=3.8within the sector's middle half▲ 15.2%4.5within the sector's middle half▲ 18.4%
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€70,741 ▼ 45.2%
Current assets
€1.3m ▼ 4.0%
Equity and liabilities €1.4m
Equity
€1.3m ▼ 5.3%
Debt
€151,871 ▼ 22.4%
Debt's share of the balance-sheet total falls from 12.8% to 10.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€205,228▼
2024 · €228,739
Cash flow
€202,267▲
2024 · €168,756
Debt to equity
0.12▼
2024 · 0.15
ROE
14.8%▲
2024 · 10.3%
Interest coverage
82.88▲
2024 · 66.31
Debt ≤ 1 year
€151,871▼
2024 · €195,609
Income taxes
€20,082▼
2024 · €69,134
Staff costs
€310,807▲
2024 · €255,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 | - | €10,331 | €21,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €167,956 | €214,211 | €227,587 | €255,554 | €310,807 | ▲ 21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,156 | €12,545 | €32,453 | €31,136 | €16,052 | ▼ 48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,500 | - |
| Other operating charges640/8 | €3,754 | €5,724 | €2,104 | €6,066 | €4,350 | ▼ 28.3% |
| Non-recurring operating charges66A | €1,182 | €1,263 | €0 | €21,271 | €15,978 | ▼ 24.9% |
| Gross operating margin9900 | €741,435 | €529,908 | €347,399 | €511,630 | €538,864 | ▲ 5.3% |
| Operating profit (loss)9901 | €556,387 | €296,165 | €85,255 | €197,603 | €189,176 | ▼ 4.3% |
| Financial income75/76B | €5,628 | €6,937 | €8,597 | €12,600 | €19,597 | ▲ 55.5% |
| Recurring financial income75 | €5,628 | €6,937 | €8,597 | €12,600 | €19,597 | ▲ 55.5% |
| Financial charges65/66B | €2,007 | €3,508 | €3,196 | €3,449 | €2,476 | ▼ 28.2% |
| Recurring financial charges65 | €2,007 | €3,508 | €3,196 | €3,449 | €2,476 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €560,008 | €299,594 | €90,656 | €206,754 | €206,297 | ▼ 0.2% |
| Income taxes67/77 | €129,226 | €68,937 | €32,793 | €69,134 | €20,082 | ▼ 71.0% |
| Profit (loss) for the period9904 | €430,782 | €230,657 | €57,863 | €137,620 | €186,215 | ▲ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €430,782 | €230,657 | €57,863 | €137,620 | €186,215 | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 7.4% |
| Fixed assets21/28 | €66,085 | €109,313 | €157,892 | €129,047 | €70,741 | ▼ 45.2% |
| Tangible fixed assets22/27 | €16,085 | €59,313 | €107,892 | €79,047 | €20,741 | ▼ 73.8% |
| Plant, machinery and equipment23 | €7,932 | €5,949 | €4,573 | €3,261 | €4,211 | ▲ 29.1% |
| Furniture and vehicles24 | €8,152 | €53,363 | €103,319 | €75,786 | €16,529 | ▼ 78.2% |
| Financial fixed assets28 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €1.4m | €1.3m | €1.4m | €1.4m | €1.3m | ▼ 4.0% |
| Amounts receivable after more than one year29 | €227,000 | €227,000 | €227,000 | €227,000 | €227,000 | = |
| Other amounts receivable291 | €227,000 | €227,000 | €227,000 | €227,000 | €227,000 | = |
| Amounts receivable within one year40/41 | €525,878 | €324,026 | €519,561 | €451,943 | €664,968 | ▲ 47.1% |
| Trade receivables40 | €507,328 | €293,696 | €445,649 | €343,249 | €513,492 | ▲ 49.6% |
| Other amounts receivable41 | €18,550 | €30,330 | €73,912 | €108,694 | €151,477 | ▲ 39.4% |
| Current investments50/53 | €450,000 | €600,000 | €550,000 | €499,110 | €212,293 | ▼ 57.5% |
| Cash at bank and in hand54/58 | €217,527 | €189,937 | €138,341 | €210,279 | €228,282 | ▲ 8.6% |
| Deferred charges and accrued income490/1 | €9,217 | €7,655 | €7,723 | €8,452 | €8,937 | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 7.4% |
| Equity10/15 | €1.1m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 5.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €988,480 | €1.2m | €1.3m | €1.3m | €1.2m | ▼ 5.5% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €986,480 | €1.2m | €1.3m | €1.3m | €1.2m | ▼ 5.5% |
| Profit (loss) carried forward14 | €47,001 | €47,001 | €47,001 | €47,001 | €47,001 | = |
| Amounts payable17/49 | €441,626 | €173,193 | €257,916 | €195,609 | €151,871 | ▼ 22.4% |
| Amounts payable within one year42/48 | €341,626 | €173,193 | €257,916 | €195,609 | €151,871 | ▼ 22.4% |
| Financial debts43 | €2,228 | €5,029 | €3,385 | €6,666 | €343 | ▼ 94.9% |
| Credit institutions430/8 | €2,228 | €5,029 | €3,385 | €6,666 | €343 | ▼ 94.9% |
| Trade debts44 | €197,273 | €117,321 | €142,606 | €107,126 | €70,045 | ▼ 34.6% |
| Suppliers440/4 | €197,273 | €117,321 | €142,606 | €107,126 | €70,045 | ▼ 34.6% |
| Taxes, remuneration and social security45 | €141,499 | €50,667 | €111,926 | €81,817 | €81,484 | ▼ 0.4% |
| Taxes450/3 | €102,847 | €33,333 | €73,191 | €42,170 | €59,792 | ▲ 41.8% |
| Remuneration and social security454/9 | €38,653 | €17,334 | €38,734 | €39,647 | €21,692 | ▼ 45.3% |
| Other amounts payable47/48 | €626 | €176 | - | - | - | - |
| Accrued charges and deferred income492/3 | €100,000 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €430,782 | €230,657 | €57,863 | €137,620 | €186,215 | ▲ 35.3% |
| + Depreciation and write-downs630 | €12,156 | €12,545 | €32,453 | €31,136 | €16,052 | ▼ 48.4% |
| Operating cash flow (approximation) | €442,938 | €243,202 | €90,316 | €168,756 | €202,267 | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | -€55,773 | -€81,033 | -€2,290 | €42,254 | ▲ 1,945% |
| Change in cash | - | -€27,590 | -€51,596 | €71,938 | €18,003 | ▼ 75.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 43 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Highest result since 2018net €430,782 ▲179%
Operating result €556,387, net result €430,782, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲44.7%
3 profitable years in a row build equity to €1.1m.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Back to profitnet €104,515
Net result €104,515 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €578,951 ▲21.5%
Equity rises from €476,437 to €578,951.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2013
Ground area
1.4 ha
Building footprint
2,696 m²
Volume, LiDAR
45,530 m³
Parcel 11051B0041/00S000, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
Inovigate
since 20132.222.869.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0041/00S000 | Flanders | 1.4 ha | 1 · 2,696 m² | 21.4 m · 6 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 407,947 EUR awarded · 163,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 407,947 EUR | 163,357 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500E99C5BEE2A8367
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 463 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
Founded27-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85599Other education
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539716710
Also
9925:BE0539716710
Registered
15-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.