Equity
€115,955 ▼ 12.3%
INWACO paid out €31,800 in dividends. That is 205% of the 2024 profit.
INWACO
Lifetime
16 annual accounts with figures on one time axispeak €281,087 (2024)
€281,087▲ 7.7%
peak €68,280 (2012)
€15,526▼ 59.5%
peak €132,230 (2023)
€115,955▼ 12.3%
€260,180▲ 21.7%
peak 6.7 FTE (2020)
-not published
Board2 names since 2021
2 directorsVAREWYCK Inneke and 1 other
Documentsfilings and deeds
24-12-2025146 days late
2024micro format
Result from €38,364 to €15,526Changes of role: VAN dEN BOSCH Walter Isidoor Alice (director… 27-03Dividend €31,800Equity from €132,230 to €115,955Debts from €213,750 to €260,180Cash from €82,158 to €129,451
Key points
from the 2024 annual accountsChecked score
54
Fair
Financially stronger than 41% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.2 percentage points vs 08-2025
10-2025: 0.9%▲ +0.2 percentage points vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.4%▲ +0.4 percentage points vs 11-2025
01-2026: 0.8%▼ -0.6 percentage points vs 12-2025
02-2026: 0.9%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.8%▼ -0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 1.8%▲ +0.5 percentage points vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 25-12-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 146 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2008
Liquidity: current ratio 1.42, cash €129,451
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 42% of them on solvency, 62% on liquidity, 34% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as INWACO has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
The bankruptcy probability of INWACO itself is higher: 1.8% within 12 months. It rests on far more data about INWACO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for INWACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.42 (1.59 in 2023), below the usual 1.5. Short-term debt is 69.2% and cash 34.4% of total assets. 69.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 146 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
146 days late
2023
29 days late
2022
29 days late
2021
29 days late
2020
31 days late
2019
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 47 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807765718
Changes of role: VAN dEN BOSCH Walter Isidoor Alice (director) and VAREWYCK Inneke (director)
General meeting of 18-03-2024 · Gazette deed
Incorporation
published on 24-11-2008 · Gazette deed
First establishment
Jan Sanderslaan 98, Hemiksem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INWACO Hemiksem | €376,136 | €281,087 | 30.8% | - |
| O.B. Services Overijse | €345,014 | €259,050 | 60.1% | - |
| RIZGAR Genk | €485,790 | €244,358 | 28.8% | 6.9 |
| FRN Herent | €597,582 | €205,184 | 59.6% | - |
| TNG Diepenbeek | €730,627 | €202,070 | 53.5% | 0.2 |
| ABEXTRANSLOG Molenbeek-Saint-Jean | €527,987 | €400,370 | 4.0% | - |
| HH-888 Charleroi | €354,117 | €230,263 | 67.4% | - |
These companies have the same main activity as INWACO: land transport and transport via pipelines (NACE 49500). They are comparable in size and age: total assets between €345,000 and €731,000, founded between 2011 and 2017.
Official details
Source: KBO- Status
- Active since 14-11-2008Normal situation
- Activity
- Land transport and transport via pipelinesNACE 49500and 2 others
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.174.575.5932620 Hemiksem, since 14-11-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 18-07-2025
Annual accounts 2024
- ≈ €620,000estimated
- €376,136▲ 8.7%
- Employeeson 31-12-2024
- 15▼ 6.3%
- Filing
- Filed on 24-12-2025
Insights on INWACO
INWACO files the micro format. That format states no turnover. The gross margin rose from €168,249 in 2009 to €281,087 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INWACO
- What is the company number of INWACO?
- The company number of INWACO is 0807.765.718. The VAT number is the same number with BE in front: BE 0807.765.718.
- Where is INWACO based?
- The registered office is at Jan Sanderslaan 98, 2620 Hemiksem.Company details
- What does INWACO do?
- According to the KBO register, the main activity is land transport and transport via pipelines (NACE 49500).
- What is the legal form of INWACO?
- INWACO is a private limited company (BV).
- When was INWACO founded?
- INWACO was founded on 14-11-2008.
- Is INWACO still active?
- Yes, INWACO is an active enterprise in the KBO register.
- How many employees does INWACO have?
- INWACO had an average of 10.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does INWACO fall under?
- In its 2024 annual accounts, INWACO states joint committee 201 (Independent retail).
- What is the turnover of INWACO?
- The turnover in financial year 2024 is ≈ €620,000. This figure is estimated from the gross margin of €281,087 and 67 comparable companies (NACE 49). It probably lies between €530,000 and €840,000.
- Is INWACO profitable?
- In financial year 2024, INWACO made a profit of €15,526.
- Where can I find the annual accounts of INWACO?
- INWACO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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