INRO
ActiveSummary
INRO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €516k and a net result of €258. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 33% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-8
Solvency58=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.23 in 2024; short-term debt: 35% and cash: 1% of total assets), and 67.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
32.9%
Return on assets
0%
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 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
6 d early
2022
24 d early
2021
61 d late
2020
43 d early
2019
28 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€516k=
2024 · €516k
Total assets
€1.57M▲ 0.4%
2024 · €1.56M
Net result
€258▼ 97.7%
2024 · €11k
Working capital
€-505k▼ 21.1%
2024 · €-417k
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€35k▼ 17.7%€38k▲ 10.4%€46k▲ 19.6%€45k▼ 1.7%€36k▼ 21.0%
Net result€10k▼ 40.2%€13k▲ 25.0%€13k▼ 3.6%€11k▼ 12.4%€258▼ 97.7%
Equity€519k▲ 2.0%€532k▲ 2.5%€529k▼ 0.5%€516k▼ 2.5%€516k=
Total assets€1.66M▲ 6.5%€1.57M▼ 5.3%€1.56M▼ 0.5%€1.56M▲ 0.2%€1.57M▲ 0.4%
Debt€1.14M▲ 8.7%€1.04M▼ 8.8%€1.03M▼ 0.5%€1.05M▲ 1.6%€1.05M▲ 0.6%
Working capital€-622k▼ 19.2%€-518k▲ 16.8%€-447k▲ 13.6%€-417k▲ 6.8%€-505k▼ 21.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€1.53M ▲ 6.1%
Current assets
€44k ▼ 65.1%
Equity and liabilities €1.57M
Equity
€516k =
Debt
€1.05M ▲ 0.6%
Debt's share of the balance-sheet total rises from 67.0% to 67.1%. Debt is higher.
Key figures and ratios
EBITDA
€122k▼
2024 · €129k
Cash flow
€87k▼
2024 · €95k
Current ratio
0.08▼
2024 · 0.23
Debt to equity
2.04▲
2024 · 2.03
ROE
0.0%▼
2024 · 2.1%
ROA
0.0%▼
2024 · 0.7%
Interest coverage
3.43▼
2024 · 4.28
Debt ≤ 1 year
€549k▲
2024 · €543k
Debt > 1 year
€500k=
2024 · €500k
Income taxes
€38▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86k | €99k | €85k | €84k | €87k | ▲ 3.2% |
| Other operating charges640/8 | €12k | €12k | €14k | €15k | €15k | ▲ 4.2% |
| Gross operating margin9900 | €133k | €150k | €145k | €144k | €138k | ▼ 4.3% |
| Operating profit (loss)9901 | €35k | €38k | €46k | €45k | €36k | ▼ 21.0% |
| Financial income75/76B | - | - | - | €1 | €184 | ▲ 18,293% |
| Recurring financial income75 | - | - | - | €1 | €184 | ▲ 18,293% |
| Financial charges65/66B | €20k | €21k | €29k | €30k | €36k | ▲ 18.0% |
| Recurring financial charges65 | €20k | €21k | €29k | €30k | €36k | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | €14k | €18k | €17k | €15k | €296 | ▼ 98.0% |
| Income taxes67/77 | €4k | €5k | €5k | €4k | €38 | ▼ 99.1% |
| Profit (loss) for the period9904 | €10k | €13k | €13k | €11k | €258 | ▼ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €13k | €13k | €11k | €258 | ▼ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.66M | €1.57M | €1.56M | €1.56M | €1.57M | ▲ 0.4% |
| Fixed assets21/28 | €1.64M | €1.55M | €1.48M | €1.44M | €1.53M | ▲ 6.1% |
| Tangible fixed assets22/27 | €1.64M | €1.55M | €1.48M | €1.44M | €1.53M | ▲ 6.1% |
| Land and buildings22 | €1.64M | €1.55M | €1.48M | €1.44M | €1.53M | ▲ 6.1% |
| Current assets29/58 | €11k | €16k | €79k | €126k | €44k | ▼ 65.1% |
| Amounts receivable within one year40/41 | €7k | €10k | €66k | €45k | €28k | ▼ 38.6% |
| Trade receivables40 | - | - | - | €8k | €23k | ▲ 191% |
| Other amounts receivable41 | €7k | €10k | €66k | €37k | €5k | ▼ 86.9% |
| Cash at bank and in hand54/58 | €4k | €6k | €13k | €81k | €16k | ▼ 80.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.66M | €1.57M | €1.56M | €1.56M | €1.57M | ▲ 0.4% |
| Equity10/15 | €519k | €532k | €529k | €516k | €516k | = |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €458k | €471k | €468k | €455k | €455k | ▲ 0.1% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €451k | €464k | €462k | €449k | €449k | ▲ 0.1% |
| Amounts payable17/49 | €1.14M | €1.04M | €1.03M | €1.05M | €1.05M | ▲ 0.6% |
| Amounts payable after more than one year17 | €500k | €500k | €500k | €500k | €500k | = |
| Financial debts170/4 | €500k | €500k | €500k | €500k | €500k | = |
| Amounts payable within one year42/48 | €633k | €534k | €527k | €543k | €549k | ▲ 1.1% |
| Trade debts44 | €551 | €3k | €2k | €171 | €4k | ▲ 2,434% |
| Suppliers440/4 | €551 | €3k | €2k | €171 | €4k | ▲ 2,434% |
| Taxes, remuneration and social security45 | €16k | €13k | €16k | €16k | €19k | ▲ 16.8% |
| Taxes450/3 | €16k | €11k | €13k | €16k | €19k | ▲ 16.8% |
| Remuneration and social security454/9 | - | €2k | €2k | - | - | - |
| Other amounts payable47/48 | €616k | €518k | €510k | €527k | €525k | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €4k | €3k | €5k | €5k | €5k | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €13k | €13k | €11k | €258 | ▼ 97.7% |
| + Depreciation and write-downs630 | €86k | €99k | €85k | €84k | €87k | ▲ 3.2% |
| Operating cash flow (approximation) | €97k | €112k | €97k | €95k | €87k | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | €-7k | €-13k | €-41k | €-175k | ▼ 331% |
| Change in cash | - | €3k | €7k | €68k | €-65k | ▼ 195% |
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
31-12
Financial
Weakest financial yearnet €258 ▼97.7%
Net result drops to €258, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €509k ▲3.5%
3 profitable years in a row build equity to €509k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €24k ▲353%
Operating result €54k, net result €24k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Dilbeek · 1 establishment unit since 2004
Ground area
800 m²
Building footprint
180 m²
Volume, LiDAR
996 m³
Parcel 23352G0148/00P000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INRO
since 20042.136.620.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352G0148/00P000 | Flanders | 800 m² | 1 · 180 m² | 9.7 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.
Similar companies · same sector, comparable size
BEOPAR
BE 0789.351.455
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GNG
BE 0885.284.653
Brasschaat · Eq €516,339
PHARMA WORLD
BE 0871.420.581
Nieuwpoort · Eq €516,509
S.F.C. DISTRIBUTION
BE 0466.761.921
Bernissart · Eq €516,155
SOFIL INVEST
BE 0861.759.579
Kortrijk · Eq €516,697
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 34,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.