INULA SERVICES
ActiveSummary
INULA SERVICES has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.66M and a net result of €-52k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 52% of 686 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▲+3
Solvency61▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.39 against 1.2 in 2023; short-term debt: 3.7% and cash: 4.9% of total assets), but 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
36.3%
Return on assets
-1.1%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-52k
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
41 d early
2021
17 d early
2020
23 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-52k▲ 62.7%
2023 · €-141k
Working capital
€404k▲ 219%
2023 · €127k
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€98k▼ 29.8%€92k▼ 6.4%€96k▲ 4.0%€-18k€98k
Net result€38k▼ 49.5%€-12k€-37k▼ 209%€-141k▼ 284%€-52k▲ 62.7%
Equity€1.97M▲ 0.9%€1.94M▼ 1.5%€1.88M▼ 2.7%€1.73M▼ 8.1%€1.66M▼ 4.2%
Total assets€4.44M▲ 1.2%€5.68M▲ 28.0%€5.74M▲ 1.0%€5.10M▼ 11.2%€4.57M▼ 10.2%
Debt€2.47M▲ 1.4%€3.75M▲ 51.4%€3.85M▲ 2.9%€3.36M▼ 12.7%€2.92M▼ 13.4%
Working capital€-540k▲ 34.4%€-336k▲ 37.8%€-78k▲ 76.7%€127k€404k▲ 219%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €98k after a loss of €18k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.57M
Fixed assets
€4.00M ▼ 7.9%
Current assets
€573k ▼ 23.8%
Equity and liabilities €4.57M
Equity
€1.66M ▼ 4.2%
Debt
€2.92M ▼ 13.4%
Debt's share of the balance-sheet total falls from 66.0% to 63.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€529k▼
2023 · €611k
Cash flow
€379k▼
2023 · €488k
Current ratio
3.39▲
2023 · 1.20
Debt to equity
1.76▼
2023 · 1.94
ROE
-3.2%▲
2023 · -8.1%
ROA
-1.1%▲
2023 · -2.8%
Interest coverage
4.60▲
2023 · 4.57
Debt ≤ 1 year
€169k▼
2023 · €626k
Debt > 1 year
€2.74M▲
2023 · €2.72M
Income taxes
€54k▲
2023 · €0
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €938k | €950k | €1.04M | €1.04M | ▲ 0.4% |
| Other operating income74 | - | €938k | €950k | €954k | €1.04M | ▲ 9.3% |
| Non-recurring operating income76A | - | - | - | €85k | €0 | ▼ 100% |
| Operating charges60/66A | - | €846k | €854k | €1.06M | €945k | ▼ 10.5% |
| Services and other goods61 | - | €250k | €327k | €322k | €204k | ▼ 36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €420k | €509k | €425k | €629k | €432k | ▼ 31.3% |
| Other operating charges640/8 | - | €87k | €102k | €106k | €110k | ▲ 3.6% |
| Non-recurring operating charges66A | - | - | - | - | €200k | - |
| Operating profit (loss)9901 | €98k | €92k | €96k | €-18k | €98k | ▲ 648% |
| Financial income75/76B | - | €17k | €17k | €12k | €20k | ▲ 70.2% |
| Recurring financial income75 | €19k | €17k | €17k | €12k | €20k | ▲ 70.2% |
| Other financial income752/9 | - | €17k | €17k | €12k | €20k | ▲ 70.2% |
| Financial charges65/66B | - | €107k | €134k | €134k | €116k | ▼ 13.8% |
| Recurring financial charges65 | €81k | €107k | €134k | €134k | €116k | ▼ 13.8% |
| Debt charges650 | €81k | €106k | €133k | €134k | €115k | ▼ 14.0% |
| Other financial charges652/9 | - | €1k | €1k | €818 | €909 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €36k | €1k | €-22k | €-141k | €2k | ▲ 101% |
| Transfer from deferred taxes780 | - | €0 | - | - | - | - |
| Income taxes67/77 | - | €13k | €15k | €0 | €54k | - |
| Taxes670/3 | - | €13k | €15k | €0 | €54k | - |
| Profit (loss) for the period9904 | €38k | €-12k | €-37k | €-141k | €-52k | ▲ 62.7% |
| Transfer from tax-exempt reserves789 | - | - | €10k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €38k | €-12k | €-27k | €-141k | €-52k | ▲ 62.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.44M | €5.68M | €5.74M | €5.10M | €4.57M | ▼ 10.2% |
| Fixed assets21/28 | €4.09M | €4.96M | €4.68M | €4.34M | €4.00M | ▼ 7.9% |
| Intangible fixed assets21 | €614 | €337k | €269k | €186k | €92k | ▼ 50.8% |
| Tangible fixed assets22/27 | €3.18M | €4.63M | €4.41M | €4.16M | €3.91M | ▼ 6.0% |
| Land and buildings22 | - | €4.53M | €4.34M | €3.97M | €3.59M | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €86k | €58k | €107k | €242k | ▲ 127% |
| Furniture and vehicles24 | - | €12k | €15k | €84k | €77k | ▼ 8.5% |
| Financial fixed assets28 | €912k | €0 | - | - | - | - |
| Affiliated companies280/1 | - | €0 | - | - | - | - |
| Participating interests280 | - | €0 | - | - | - | - |
| Amounts receivable281 | - | €0 | - | - | - | - |
| Current assets29/58 | €350k | €722k | €1.06M | €753k | €573k | ▼ 23.8% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €3k | €9k | €16k | €11k | €347k | ▲ 3,136% |
| Trade receivables40 | - | - | - | - | €344k | - |
| Other amounts receivable41 | - | €9k | €16k | €11k | €3k | ▼ 74.4% |
| Cash at bank and in hand54/58 | €346k | €713k | €1.04M | €740k | €222k | ▼ 70.0% |
| Deferred charges and accrued income490/1 | - | €60 | €156 | €2k | €4k | ▲ 88.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.44M | €5.68M | €5.74M | €5.10M | €4.57M | ▼ 10.2% |
| Equity10/15 | €1.97M | €1.94M | €1.88M | €1.73M | €1.66M | ▼ 4.2% |
| Contributions10/11 | €116k | €116k | €116k | €116k | €116k | = |
| Capital10 | - | €116k | €116k | €116k | €116k | = |
| Issued capital100 | - | €116k | €116k | €116k | €116k | = |
| Reserves13 | €22k | €22k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | €12k | = |
| Legal reserve130 | - | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | - | €10k | €0 | - | - | - |
| Profit (loss) carried forward14 | €1.65M | €1.63M | €1.61M | €1.47M | €1.41M | ▼ 3.6% |
| Investment grants15 | - | €167k | €150k | €138k | €118k | ▼ 14.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €2.47M | €3.75M | €3.85M | €3.36M | €2.92M | ▼ 13.4% |
| Amounts payable after more than one year17 | €1.58M | €2.67M | €2.69M | €2.72M | €2.74M | ▲ 0.8% |
| Financial debts170/4 | - | €2.67M | €2.69M | €2.72M | €2.74M | ▲ 0.8% |
| Credit institutions173 | - | €390k | €316k | €240k | €160k | ▼ 33.1% |
| Other loans174 | - | €2.28M | €2.38M | €2.48M | €2.58M | ▲ 4.0% |
| Amounts payable within one year42/48 | €890k | €1.06M | €1.14M | €626k | €169k | ▼ 73.0% |
| Current portion of amounts payable after more than one year42 | - | €71k | €74k | €76k | €79k | ▲ 3.8% |
| Trade debts44 | €100k | €38k | €100k | €99k | €36k | ▼ 64.0% |
| Suppliers440/4 | - | €38k | €100k | €99k | €36k | ▼ 64.0% |
| Taxes, remuneration and social security45 | - | €13k | €28k | €15k | €54k | ▲ 269% |
| Taxes450/3 | - | €13k | €28k | €15k | €54k | ▲ 269% |
| Other amounts payable47/48 | - | €936k | €936k | €436k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €18k | €21k | €18k | €4k | ▼ 75.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €-12k | €-37k | €-141k | €-52k | ▲ 62.7% |
| + Depreciation and write-downs630 | €420k | €509k | €425k | €629k | €432k | ▼ 31.3% |
| Operating cash flow (approximation) | €457k | €498k | €388k | €488k | €379k | ▼ 22.3% |
| Investment in fixed assets (approximation) | - | €-1.38M | €-142k | €-294k | €-89k | ▲ 69.7% |
| Change in cash | - | €367k | €330k | €-303k | €-518k | ▼ 70.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.39
Current ratio from 1.20 to 3.39; short-term debt falls from €626k to €169k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-141k
Net result drops to €-141k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €74k ▲104%
Net result €74k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
16 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, Ath · 1 establishment unit since 2014
Ground area
1.1 ha
Building footprint
3,390 m²
Parcel 51024A0435/00V007, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue des Artisans(GHI) 37, 7822 Ath
since 20142.236.783.475
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024A0435/00V007 | Wallonia | 1.1 ha | 1 · 3,390 m² | - |
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
IMMO ALTENA
BE 0436.069.933
Aubel · Eq €1,653,817
ComTIS Services
BE 0887.616.415
Geel · Eq €1,650,177
FRANS ANTHONISSEN
BE 0425.265.123
Brasschaat · Eq €1,645,560
COMPTOIR FONCIER ET FINANCIER DU CONGRES
BE 0427.886.695
Brussel · Eq €1,677,125
JMK INVEST
BE 0474.157.477
Peer · Eq €1,688,862
Of 1,280 companies in sector 81100 we hold annual accounts for 678. 381 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
Founded06-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.