Inoxal
ActiveInoxal has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-75k) and a net result of €-173k. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 13% of 238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-34
Solvency21▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.69 in 2024; short-term debt: 42.3% and cash: 3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
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
-4.4%
Return on assets
-10.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-75k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d early
2023
on the day
2022
157 d early
2021
15 d early
2020
65 d early
2019
86 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-75k
2024 · €98k
2018: €180k
2019: €185k
2020: €140k
2021: €117k
2022: €124k
2023: €126k
2024: €98k
2018 → 2025
Total assets
€1.69M▼ 9.0%
2024 · €1.86M
2018: €562k
2019: €877k
2020: €1.64M
2021: €2.04M
2022: €1.98M
2023: €1.89M
2024: €1.86M
2018 → 2025
Net result
€-173k▼ 516%
2024 · €-28k
2018: €28k
2019: €5k
2020: €-46k
2021: €-22k
2022: €7k
2023: €2k
2024: €-28k
2018 → 2025
Working capital
€-357k▼ 86.4%
2024 · €-192k
2018: €258k
2019: €151k
2020: €49k
2021: €-15k
2022: €98k
2023: €-76k
2024: €-192k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€117k-€124k▲ 6.2%€126k▲ 1.4%€98k▼ 22.2%€-75k
Operating result€18k-€48k▲ 166%€35k▼ 28.6%€10k▼ 71.4%€-118k
Net result€-22k-€7k€2k▼ 75.1%€-28k€-173k▼ 516%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €118k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.33M▼ 6.4%
Current assets
€357k▼ 17.4%
Key figures and ratios
EBITDA
€-25k▼
2024 · €103k
Cash flow
€-80k▼
2024 · €65k
Solvency
-4.4%▼
2024 · 5.3%
Current ratio
0.50▼
2024 · 0.69
Quick ratio
0.27▲
2024 · 0.26
Debt / equity
-23.67▼
2024 · 17.89
ROA
-10.2%▼
2024 · -1.5%
Interest coverage
-0.46▼
2024 · 2.79
Debt
€1.76M▲
2024 · €1.76M
Debt ≤ 1 year
€714k▲
2024 · €624k
Debt > 1 year
€1.05M▼
2024 · €1.13M
Staff costs
€426k▲
2024 · €410k
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€1.86M€1.69M▼
Fixed assets21/28€1.42M€1.33M▼
Tangible fixed assets22/27€1.42M€1.33M▼
Land and buildings22€1.37M€1.30M▼
Plant, machinery and equipment23€35k€24k▼
Furniture and vehicles24€6k€5k▼
Leasing and similar rights25€9k€5k▼
Current assets29/58€432k€357k▼
Stocks and contracts in progress3€270k€166k▼
Stocks30/36€270k€166k▼
Amounts receivable within one year40/41€76k€141k▲
Trade receivables40€76k€141k▲
Cash at bank and in hand54/58€85k€50k▼
Equity and liabilities
Total equity and liabilities10/49€1.86M€1.69M▼
Equity10/15€98k€-75k▼
Contributions10/11€95k€95k=
Reserves13€45k€45k=
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€34k€34k=
Profit (loss) carried forward14€-41k€-214k▼
Amounts payable17/49€1.76M€1.76M▲
Amounts payable after more than one year17€1.13M€1.05M▼
Financial debts170/4€1.13M€1.05M▼
Amounts payable within one year42/48€624k€714k▲
Current portion of amounts payable after more than one year42€152k€84k▼
Financial debts43€80k€100k▲
Credit institutions430/8€80k€100k▲
Trade debts44€162k€213k▲
Suppliers440/4€162k€213k▲
Taxes, remuneration and social security45€54k€61k▲
Taxes450/3€9k€12k▲
Remuneration and social security454/9€45k€49k▲
Other amounts payable47/48€176k€256k▲
Income statement
Code20242025
Remuneration, social security and pensions62€410k€426k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€93k▲
Other operating charges640/8€9k€10k▲
Gross operating margin9900€522k€411k▼
Operating profit (loss)9901€10k€-118k▼
Financial income75/76B€41€1▼
Recurring financial income75€41€1▼
Financial charges65/66B€37k€55k▲
Recurring financial charges65€37k€55k▲
Profit (loss) for the period before taxes9903€-27k€-173k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-28k€-173k▼
Profit (loss) for the period to be appropriated9905€-28k€-173k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-214k▼
Profit (loss) brought forward from the previous period14P€-13k€-41k▼
Social balance
Average headcount (FTE)90875.65.7▲
The notes to these accounts (8 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-173k
Net result drops to €-173k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beerse · 1 establishment unit since 1991
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.
Biezenstraat 262340 BeerseGround area
3,181 m²
Building footprint
1,520 m²
Volume, LiDAR
22 m³
Parcel 13004D0341/00A000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 establishment unit
Inoxal
since 19912.018.126.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0341/00A000 | Flanders | 3,180 m² | 1 · 1,520 m² | 0.8 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,043 EUR awarded · 1,043 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,043 EUR | 1,043 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsLassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
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Of 457 companies in sector 31009 we hold annual accounts for 124. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-1980
Fiscal year end31-12
Activities, NACEBEL
25999Manufacture of fabricated metal products, except machinery and equipment
31009Manufacture of furniture
31092Manufacture of furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 45 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.