INTEROCEAN
ActiveSummary
The annual accounts of INTEROCEAN for fiscal year 2024 show a net loss of 84% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 15865 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-74
Solvency31▼-23
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.4 in 2023; short-term debt: 93.9% and cash: 37.3% of total assets), and 93.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-32.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 15865 sector peers (2024).
NBB · sector comparisonPosition among 15865 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
31 d late
2022
42 d late
2021
77 d late
2020
30 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 84.1%
2023 · €28k
Total assets
€72k▼ 24.4%
2023 · €96k
Net result
€-23k
2023 · €4k
Working capital
€4k▼ 84.6%
2023 · €27k
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
Line20202021202220232024
Operating result€-5k▲ 82.1%€785€22k▲ 2,764%€4k▼ 82.5%€-23k
Net result€-5k▲ 81.0%€423€22k▲ 5,154%€4k▼ 83.6%€-23k
Equity€1k▼ 77.8%€2k▲ 31.2%€24k▲ 1,249%€28k▲ 15.2%€4k▼ 84.1%
Total assets€111k▲ 49.6%€72k▼ 35.2%€92k▲ 27.2%€96k▲ 4.0%€72k▼ 24.4%
Debt€110k▲ 60.9%€70k▼ 36.0%€68k▼ 3.6%€68k▲ 0.1%€68k▼ 0.1%
Working capital€-1k€57€23k▲ 39,557%€27k▲ 19.2%€4k▼ 84.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €23k after €4k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€250 ▼ 64.6%
Current assets
€72k ▼ 24.1%
Equity and liabilities €72k
Equity
€4k ▼ 84.1%
Debt
€68k ▼ 0.1%
Debt's share of the balance-sheet total rises from 71.1% to 93.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-23k▼
2023 · €5k
Cash flow
€-23k▼
2023 · €4k
Current ratio
1.06▼
2023 · 1.40
Debt to equity
15.47▲
2023 · 2.46
ROE
-529.1%▼
2023 · 13.2%
ROA
-32.1%▼
2023 · 3.8%
Interest coverage
-85.30▼
2023 · 16.25
Debt ≤ 1 year
€68k▼
2023 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €783 | €753 | €740 | €696 | €456 | ▼ 34.4% |
| Other operating charges640/8 | - | €449 | €472 | €493 | €505 | ▲ 2.4% |
| Gross operating margin9900 | €-3k | €2k | €24k | €5k | €-22k | ▼ 530% |
| Operating profit (loss)9901 | €-5k | €785 | €22k | €4k | €-23k | ▼ 684% |
| Financial income75/76B | - | - | €0 | - | €2 | - |
| Recurring financial income75 | - | - | €0 | - | €2 | - |
| Financial charges65/66B | - | €362 | €285 | €285 | €264 | ▼ 7.3% |
| Recurring financial charges65 | €205 | €362 | €285 | €285 | €264 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €-5k | €423 | €22k | €4k | €-23k | ▼ 737% |
| Profit (loss) for the period9904 | €-5k | €423 | €22k | €4k | €-23k | ▼ 737% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €423 | €22k | €4k | €-23k | ▼ 737% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111k | €72k | €92k | €96k | €72k | ▼ 24.4% |
| Fixed assets21/28 | €2k | €2k | €1k | €706 | €250 | ▼ 64.6% |
| Tangible fixed assets22/27 | €2k | €2k | €1k | €706 | €250 | ▼ 64.6% |
| Furniture and vehicles24 | - | €2k | €1k | €706 | €250 | ▼ 64.6% |
| Current assets29/58 | €109k | €71k | €90k | €95k | €72k | ▼ 24.1% |
| Amounts receivable within one year40/41 | €6k | €5k | €15k | €17k | €45k | ▲ 160% |
| Trade receivables40 | - | €5k | €15k | - | - | - |
| Other amounts receivable41 | - | €258 | €259 | €17k | €45k | ▲ 160% |
| Cash at bank and in hand54/58 | €103k | €65k | €75k | €78k | €27k | ▼ 65.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111k | €72k | €92k | €96k | €72k | ▼ 24.4% |
| Equity10/15 | €1k | €2k | €24k | €28k | €4k | ▼ 84.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €5k | €9k | €2k | ▼ 79.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €11k | €4k | €7k | - | - |
| Profit (loss) carried forward14 | €-30k | €-29k | - | - | €-16k | - |
| Amounts payable17/49 | €110k | €70k | €68k | €68k | €68k | ▼ 0.1% |
| Amounts payable within one year42/48 | €110k | €70k | €68k | €68k | €68k | ▼ 0.1% |
| Trade debts44 | €2k | €2k | €394 | €450 | €200 | ▼ 55.6% |
| Suppliers440/4 | - | €2k | €394 | €450 | €200 | ▼ 55.6% |
| Taxes, remuneration and social security45 | - | €2k | €1k | €1k | €1k | ▲ 20.8% |
| Taxes450/3 | - | €695 | - | - | - | - |
| Remuneration and social security454/9 | - | €1k | €1k | €1k | €1k | ▲ 20.8% |
| Other amounts payable47/48 | - | €66k | €66k | €66k | €66k | ▼ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €423 | €22k | €4k | €-23k | ▼ 737% |
| + Depreciation and write-downs630 | €783 | €753 | €740 | €696 | €456 | ▼ 34.4% |
| Operating cash flow (approximation) | €-4k | €1k | €23k | €4k | €-23k | ▼ 625% |
| Investment in fixed assets (approximation) | - | €0 | €-421 | €0 | €0 | - |
| Change in cash | - | €-38k | €10k | €2k | €-51k | ▼ 2,278% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Highest result since 2018net €22k ▲5,154%
Operating result €22k, net result €22k, both a record.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
31-12
Financial
Back to profitnet €423
Net result €423 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-06
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 3 acts read
About the unread acts
We know of 3 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
3 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, Edegem · 1 establishment unit since 2016
Ground area
1,370 m²
Building footprint
360 m²
Volume, LiDAR
1,787 m³
Parcel 11472B0127/00R005, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INTEROCEAN
since 20162.253.086.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0127/00R005 | Flanders | 1,370 m² | 1 · 360 m² | 11.3 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 1,566 companies in sector 46900 we hold annual accounts for 920. 160 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 (pre-2019)
Founded12-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.