Summary
INPHAGRO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.84M and a net result of €2.15M. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 2399 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 9 filingsDeviation from the deadline
2025
2 d late
2024
1 d early
2023
42 d late
2022
2 d late
2021
137 d late
2020
14 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.84M▲ 314%
2024 · €686k
2018: €764k
2019: €1.14M▲ +48.6% vs 2018
2020: €1.60M▲ +41.0% vs 2019
2021: €2.79M▲ +74.0% vs 2020
2022: €2.87M▲ +2.9% vs 2021
2023: €3.11M▲ +8.4% vs 2022highest in 8 years
2024: €686k▼ -77.9% vs 2023lowest in 8 years
2025: €2.84M▲ +314% vs 2024
2018 → 2025
Net result
€2.15M
2024 · €-2.42M
2018: €647k
2019: €371k▼ -42.7% vs 2018
2020: €466k▲ +25.6% vs 2019
2021: €1.19M▲ +154% vs 2020
2022: €81k▼ -93.1% vs 2021
2023: €241k▲ +196% vs 2022
2024: €-2.42M▼ -1106% vs 2023lowest in 8 years
2025: €2.15M▲ +189% vs 2024highest in 8 years
2018 → 2025
Total assets
€7.15M▲ 14.1%
2024 · €6.27M
2018: €5.06M
2019: €5.01M▼ -1.1% vs 2018lowest in 8 years
2020: €5.01M● +0.0% vs 2019
2021: €7.33M▲ +46.4% vs 2020highest in 8 years
2022: €6.92M▼ -5.5% vs 2021
2023: €7.15M▲ +3.2% vs 2022
2024: €6.27M▼ -12.3% vs 2023
2025: €7.15M▲ +14.1% vs 2024
2018 → 2025
Solvency
39.7%▲ 28.8pp
2024 · 10.9%
2018: 15.1%
2019: 22.7%▲ +50.2% vs 2018
2020: 32.0%▲ +41.0% vs 2019
2021: 38.0%▲ +18.8% vs 2020
2022: 41.4%▲ +8.9% vs 2021
2023: 43.5%▲ +5.0% vs 2022highest in 8 years
2024: 10.9%▼ -74.9% vs 2023lowest in 8 years
2025: 39.7%▲ +263% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€820k-€805k▼ 1.8%€524k▼ 35.0%€0▼ 100%€80k
2021: €820khighest in 5 years
2022: €805k▼ -1.8% vs 2021
2023: €524k▼ -35.0% vs 2022
2024: €0▼ -100% vs 2023lowest in 5 years
2025: €80k
Equity€2.79M-€2.87M▲ 2.9%€3.11M▲ 8.4%€686k▼ 77.9%€2.84M▲ 314%
2021: €2.79M
2022: €2.87M▲ +2.9% vs 2021
2023: €3.11M▲ +8.4% vs 2022highest in 5 years
2024: €686k▼ -77.9% vs 2023lowest in 5 years
2025: €2.84M▲ +314% vs 2024
Operating result€177k-€169k▼ 4.4%€-122k€-777k▼ 536%€-423k▲ 45.5%
2021: €177khighest in 5 years
2022: €169k▼ -4.4% vs 2021
2023: €-122k▼ -172% vs 2022
2024: €-777k▼ -536% vs 2023lowest in 5 years
2025: €-423k▲ +45.5% vs 2024
Net result€1.19M-€81k▼ 93.1%€241k▲ 196%€-2.42M€2.15M
2021: €1.19M
2022: €81k▼ -93.1% vs 2021
2023: €241k▲ +196% vs 2022
2024: €-2.42M▼ -1106% vs 2023lowest in 5 years
2025: €2.15M▲ +189% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €423k in 2025 against €777k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.15M
Fixed assets
€6.33M ▲ 12.6%
Current assets
€826k ▲ 26.2%
Equity and liabilities €7.15M
Equity
€2.84M ▲ 314%
Debt
€4.31M ▼ 22.8%
Debt's share of the balance-sheet total falls from 89.1% to 60.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
75.9%▲
2024 · -353.3%
ROA
30.1%▲
2024 · -38.6%
Debt ≤ 1 year
€2.07M▼
2024 · €4.17M
Debt > 1 year
€2.24M▲
2024 · €1.41M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.27M€7.15M▲
Fixed assets21/28€5.62M€6.33M▲
Financial fixed assets28€5.62M€6.33M▲
Affiliated companies280/1€5.19M€2.51M▼
Participating interests280€5.19M€2.51M▼
Companies linked by participating interests282/3€306k€306k=
Participating interests282€306k€306k=
Other financial fixed assets284/8€118k€3.52M▲
Shares284€118k€144k▲
Amounts receivable and cash guarantees285/8-€3.37M
Current assets29/58€654k€826k▲
Amounts receivable after more than one year29-€300k
Other amounts receivable291-€300k
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€589k€486k▼
Trade receivables40€0€50k▲
Other amounts receivable41€589k€436k▼
Cash at bank and in hand54/58€66k€40k▼
Equity and liabilities
Total equity and liabilities10/49€6.27M€7.15M▲
Equity10/15€686k€2.84M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€665k€2.82M▲
Amounts payable17/49€5.58M€4.31M▼
Amounts payable after more than one year17€1.41M€2.24M▲
Financial debts170/4€1.41M€2.24M▲
Subordinated loans170€500k€500k=
Credit institutions173€913k€653k▼
Other loans174-€1.09M
Amounts payable within one year42/48€4.17M€2.07M▼
Current portion of amounts payable after more than one year42€533k€369k▼
Financial debts43€51k€0▼
Credit institutions430/8€51k€0▼
Trade debts44€1.11M€108k▼
Suppliers440/4€1.11M€108k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€2.48M€1.59M▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A€6k€80k▲
Turnover70€0€80k▲
Other operating income74€6k€0▼
Operating charges60/66A€782k€503k▼
Services and other goods61€780k€501k▼
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€-777k€-423k▲
Financial income75/76B€421k€2.84M▲
Recurring financial income75€421k€653k▲
Income from financial fixed assets750€0-
Income from current assets751€421k€653k▲
Other financial income752/9€293€0▼
Non-recurring financial income76B-€2.18M
Financial charges65/66B€2.07M€260k▼
Recurring financial charges65€76k€260k▲
Debt charges650€69k€259k▲
Other financial charges652/9€7k€765▼
Non-recurring financial charges66B€1.99M€0▼
Profit (loss) for the period before taxes9903€-2.42M€2.15M▲
Profit (loss) for the period9904€-2.42M€2.15M▲
Profit (loss) for the period to be appropriated9905€-2.42M€2.15M▲
Appropriation of the result
Profit (loss) to be appropriated9906€665k€2.82M▲
Profit (loss) brought forward from the previous period14P€3.09M€665k▼
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €820k | €805k | €552k | €6k | €80k | ▲ 1,345% |
| Turnover70 | €820k | €805k | €524k | €0 | €80k | - |
| Other operating income74 | - | - | €28k | €6k | €0 | ▼ 100% |
| Operating charges60/66A | €643k | €636k | €674k | €782k | €503k | ▼ 35.7% |
| Services and other goods61 | €641k | €629k | €672k | €780k | €501k | ▼ 35.8% |
| Other operating charges640/8 | €2k | €7k | €1k | €2k | €1k | ▼ 25.8% |
| Operating profit (loss)9901 | €177k | €169k | €-122k | €-777k | €-423k | ▲ 45.5% |
| Financial income75/76B | €1.10M | €2k | €410k | €421k | €2.84M | ▲ 574% |
| Recurring financial income75 | €1.10M | €2k | €410k | €421k | €653k | ▲ 55.1% |
| Income from financial fixed assets750 | €1.10M | - | €410k | €0 | - | - |
| Income from current assets751 | €2k | €2k | €0 | €421k | €653k | ▲ 55.2% |
| Other financial income752/9 | €329 | €1 | €10 | €293 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | €2.18M | - |
| Financial charges65/66B | €60k | €60k | €47k | €2.07M | €260k | ▼ 87.4% |
| Recurring financial charges65 | €60k | €60k | €47k | €76k | €260k | ▲ 242% |
| Debt charges650 | €59k | €56k | €46k | €69k | €259k | ▲ 278% |
| Other financial charges652/9 | €1k | €4k | €945 | €7k | €765 | ▼ 89.7% |
| Non-recurring financial charges66B | - | - | - | €1.99M | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €1.22M | €111k | €241k | €-2.42M | €2.15M | ▲ 189% |
| Income taxes67/77 | €34k | €30k | €0 | - | - | - |
| Taxes670/3 | €34k | €30k | €0 | - | - | - |
| Profit (loss) for the period9904 | €1.19M | €81k | €241k | €-2.42M | €2.15M | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | €1.19M | €81k | €241k | €-2.42M | €2.15M | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.33M | €6.92M | €7.15M | €6.27M | €7.15M | ▲ 14.1% |
| Fixed assets21/28 | €6.59M | €6.59M | €6.66M | €5.62M | €6.33M | ▲ 12.6% |
| Financial fixed assets28 | €6.59M | €6.59M | €6.66M | €5.62M | €6.33M | ▲ 12.6% |
| Affiliated companies280/1 | €6.22M | €6.22M | €6.23M | €5.19M | €2.51M | ▼ 51.8% |
| Participating interests280 | €6.22M | €6.22M | €6.23M | €5.19M | €2.51M | ▼ 51.8% |
| Companies linked by participating interests282/3 | €311k | €311k | €311k | €306k | €306k | = |
| Participating interests282 | €311k | €311k | €311k | €306k | €306k | = |
| Other financial fixed assets284/8 | €57k | €57k | €118k | €118k | €3.52M | ▲ 2,881% |
| Shares284 | €57k | €57k | €118k | €118k | €144k | ▲ 22.1% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €3.37M | - |
| Current assets29/58 | €742k | €338k | €492k | €654k | €826k | ▲ 26.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €300k | - |
| Other amounts receivable291 | - | - | - | - | €300k | - |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €729k | €321k | €420k | €589k | €486k | ▼ 17.5% |
| Trade receivables40 | €25 | €260k | €10k | €0 | €50k | - |
| Other amounts receivable41 | €729k | €61k | €409k | €589k | €436k | ▼ 26.0% |
| Cash at bank and in hand54/58 | €14k | €17k | €72k | €66k | €40k | ▼ 38.9% |
| Deferred charges and accrued income490/1 | - | €52 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.33M | €6.92M | €7.15M | €6.27M | €7.15M | ▲ 14.1% |
| Equity10/15 | €2.79M | €2.87M | €3.11M | €686k | €2.84M | ▲ 314% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €2.77M | €2.85M | €3.09M | €665k | €2.82M | ▲ 324% |
| Amounts payable17/49 | €4.54M | €4.06M | €4.04M | €5.58M | €4.31M | ▼ 22.8% |
| Amounts payable after more than one year17 | €2.42M | €1.71M | €1.21M | €1.41M | €2.24M | ▲ 58.6% |
| Financial debts170/4 | €2.42M | €1.71M | €1.21M | €1.41M | €2.24M | ▲ 58.6% |
| Subordinated loans170 | €500k | €500k | €500k | €500k | €500k | = |
| Credit institutions173 | €1.92M | €1.21M | €712k | €913k | €653k | ▼ 28.5% |
| Other loans174 | - | - | - | - | €1.09M | - |
| Amounts payable within one year42/48 | €2.12M | €2.24M | €2.83M | €4.17M | €2.07M | ▼ 50.4% |
| Current portion of amounts payable after more than one year42 | €697k | €762k | €502k | €533k | €369k | ▼ 30.8% |
| Financial debts43 | €330k | - | €51k | €51k | €0 | ▼ 100% |
| Credit institutions430/8 | €330k | - | €51k | €51k | €0 | ▼ 100% |
| Trade debts44 | €602k | €622k | €1.70M | €1.11M | €108k | ▼ 90.2% |
| Suppliers440/4 | €602k | €622k | €1.70M | €1.11M | €108k | ▼ 90.2% |
| Taxes, remuneration and social security45 | €175k | €67k | €30k | €0 | - | - |
| Taxes450/3 | €175k | €67k | €30k | €0 | - | - |
| Other amounts payable47/48 | €315k | €791k | €544k | €2.48M | €1.59M | ▼ 35.7% |
| Accrued charges and deferred income492/3 | €3k | €102k | €1k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.19M | €81k | €241k | €-2.42M | €2.15M | ▲ 189% |
| Operating cash flow (approximation) | €1.19M | €81k | €241k | €-2.42M | €2.15M | ▲ 189% |
| Investment in fixed assets (approximation) | - | €-40 | €-71k | €1.04M | €-710k | ▼ 168% |
| Change in cash | - | €4k | €55k | €-6k | €-26k | ▼ 311% |
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
2026
27-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
30-06
Financial
Back to profitnet €2.15M
Net result €2.15M after one loss-making year.
30-06
Financial
Equity above €2MEq €2.84M ▲314%
Equity rises from €686k to €2.84M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €-2.42M
Net result drops to €-2.42M, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 137 days late
2021
30-09
Financial
Equity above €2MEq €2.79M ▲74%
4 profitable years in a row build equity to €2.79M.
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 14 days late
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
30-09
Financial
Equity above €1MEq €1.14M ▲48.6%
2 profitable years in a row build equity to €1.14M.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 10 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Schelle · 1 establishment unit since 2016
Ground area
1,157 m²
Building footprint
991 m²
Volume, LiDAR
7,064 m³
Parcel 11038C0332/00X000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
INPHAGRO
since 20162.258.172.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0332/00X000 | Flanders | 1,157 m² | 1 · 991 m² | 9.1 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 9,850 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
Founded19-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.