L-INREDA
ActiveL-INREDA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €6k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 37% of 1986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-42
Solvency78▼-5
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 1.9 in 2024), but 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
35.5%
Return on assets
2.2%
Age of the figures
9 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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €94k
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
11 d late
2023
22 d late
2022
on the day
2021
3 d early
2020
3 d early
2019
22 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€94k▲ 6.7%
2024 · €88k
2018: €116k
2019: €143k
2020: €115k
2021: €117k
2022: €96k
2023: €75k
2024: €88k
2018 → 2025
Total assets
€263k▲ 23.4%
2024 · €213k
2018: €159k
2019: €259k
2020: €186k
2021: €169k
2022: €202k
2023: €232k
2024: €213k
2018 → 2025
Net result
€6k▼ 54.3%
2024 · €13k
2018: €33k
2019: €63k
2020: €-29k
2021: €18k
2022: €4k
2023: €11k
2024: €13k
2018 → 2025
Working capital
€97k▲ 74.2%
2024 · €56k
2018: €94k
2019: €113k
2020: €85k
2021: €92k
2022: €62k
2023: €36k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€117k-€96k▼ 17.7%€75k▼ 22.5%€88k▲ 17.3%€94k▲ 6.7%
Operating result€19k-€6k▼ 66.2%€19k▲ 198%€24k▲ 26.2%€14k▼ 43.0%
Net result€18k-€4k▼ 79.7%€11k▲ 199%€13k▲ 18.0%€6k▼ 54.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€96k▲ 0.9%
Current assets
€167k▲ 41.7%
Equity and liabilities €263k
Equity
€94k▲ 6.7%
Debt
€170k▲ 35.1%
The debt ratio rises from 59.0% to 64.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€37k▼
2024 · €49k
Cash flow
€30k▼
2024 · €38k
Solvency
35.5%▼
2024 · 41.0%
Current ratio
2.39▲
2024 · 1.90
Quick ratio
1.35▲
2024 · 0.69
Debt / equity
1.82▲
2024 · 1.44
ROE
6.3%▼
2024 · 14.8%
ROA
2.2%▼
2024 · 6.1%
Interest coverage
8.86▼
2024 · 10.85
Debt
€170k▲
2024 · €126k
Debt ≤ 1 year
€70k▲
2024 · €62k
Debt > 1 year
€71k▲
2024 · €64k
Income taxes
€4k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€213k€263k▲
Fixed assets21/28€95k€96k▲
Tangible fixed assets22/27€92k€93k▲
Plant, machinery and equipment23€1k€24k▲
Furniture and vehicles24€32k€19k▼
Other tangible fixed assets26€59k€50k▼
Financial fixed assets28€3k€3k=
Current assets29/58€118k€167k▲
Stocks and contracts in progress3€75k€73k▼
Stocks30/36€75k€73k▼
Amounts receivable within one year40/41€24k€25k▲
Trade receivables40€24k€23k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€19k€68k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€213k€263k▲
Equity10/15€88k€94k▲
Contributions10/11€6k€6k=
Reserves13€81k€87k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€80k€87k▲
Amounts payable17/49€126k€170k▲
Amounts payable after more than one year17€64k€71k▲
Financial debts170/4€64k€71k▲
Amounts payable within one year42/48€62k€70k▲
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€11k€12k▲
Suppliers440/4€11k€12k▲
Advances received on contracts in progress46€5k€6k▲
Taxes, remuneration and social security45€23k€35k▲
Taxes450/3€23k€30k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3-€29k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€24k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€51k€40k▼
Operating profit (loss)9901€24k€14k▼
Financial income75/76B€305€216▼
Recurring financial income75€305€216▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€20k€10k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€13k€6k▼
Profit (loss) for the period to be appropriated9905€13k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€6k▼
Transfer to equity691/2€13k€6k▼
To other reserves6921€13k€6k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-29k ▼146%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €63k ▲91.6%
Operating result €91k, net result €63k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenberg 1069401 NinoveGround area
1,276 m²
Building footprint
356 m²
Volume, LiDAR
2,676 m³
2 parcels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
L-INREDA
since 20122.209.180.344
O’Lys Blanc
since 20222.330.858.827
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41057A1021/00M000 | Flanders | 676 m² | 1 · 135 m² | 8.9 m · 2 fl. |
| 41362B0676/00F000 | Flanders | 600 m² | 1 · 222 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 105 EUR awarded · 266 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 105 EUR | 266 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.330.858.827
Similar companies · same sector, comparable size
EMT2
BE 0826.380.315
Aywaille · Eq €93k
MACHINERY & DESIGN SOLUTIONS
BE 0884.807.571
Kortenaken · Eq €94k
DSX Consult
BE 0795.913.704
Braine-le-Comte · Eq €94k
Architecture et Bureau d'Etudes LAURENT
BE 0806.660.512
Soignies · Eq €93k
Aeolus Consulting
BE 0806.152.251
Leuven · Eq €94k
Of 11,510 companies in sector 71121 we hold annual accounts for 6,526. 5,191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2012
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.