Stretch Innovation
ActiveStretch Innovation has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €986k and a net result of €401k. Equity is growing by ~82.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 2282 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+13
Solvency69▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.55 in 2023; short-term debt: 42.7% and cash: 24.4% of total assets), but 56.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
43.8%
Return on assets
17.8%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€986k▲ 68.6%
2023 · €585k
2022: €26k
2023: €585k
2022 → 2024
Total assets
€2.25M▲ 42.5%
2023 · €1.58M
2022: €70k
2023: €1.58M
2022 → 2024
Net result
€401k▲ 230%
2023 · €122k
2022: €25k
2023: €122k
2022 → 2024
Working capital
€669k▲ 105%
2023 · €326k
2022: €48k
2023: €326k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€26k-€585k▲ 2,144%€986k▲ 68.6%
Operating result€32k-€184k▲ 485%€577k▲ 213%
Net result€25k-€122k▲ 395%€401k▲ 230%
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 risen two years in a row; 2024 is 213% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.25M
Fixed assets
€623k▼ 6.7%
Current assets
€1.63M▲ 78.4%
Equity and liabilities €2.25M
Equity
€986k▲ 68.6%
Debt
€1.27M▲ 27.2%
The debt ratio falls from 63.0% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€677k▲
2023 · €230k
Cash flow
€501k▲
2023 · €167k
Solvency
43.8%▲
2023 · 37.0%
Current ratio
1.70▲
2023 · 1.55
Quick ratio
1.70▲
2023 · 1.55
Debt / equity
1.28▼
2023 · 1.70
ROE
40.7%▲
2023 · 20.8%
ROA
17.8%▲
2023 · 7.7%
Interest coverage
24.50▲
2023 · 13.10
Debt
€1.27M▲
2023 · €996k
Debt ≤ 1 year
€962k▲
2023 · €588k
Debt > 1 year
€305k▼
2023 · €408k
Income taxes
€150k▲
2023 · €45k
Staff costs
€606k▲
2023 · €201k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.58M€2.25M▲
Fixed assets21/28€667k€623k▼
Intangible fixed assets21€575k€515k▼
Tangible fixed assets22/27€57k€73k▲
Land and buildings22-€16k
Plant, machinery and equipment23€8k€16k▲
Furniture and vehicles24€49k€41k▼
Financial fixed assets28€35k€35k=
Current assets29/58€914k€1.63M▲
Amounts receivable after more than one year29€37k€37k=
Trade receivables290€37k€37k=
Amounts receivable within one year40/41€493k€763k▲
Trade receivables40€446k€612k▲
Other amounts receivable41€46k€151k▲
Current investments50/53€100k€250k▲
Cash at bank and in hand54/58€267k€549k▲
Deferred charges and accrued income490/1€16k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€2.25M▲
Equity10/15€585k€986k▲
Contributions10/11€182k€182k=
Reserves13€105k€105k=
Distributable reserves133€105k€105k=
Profit (loss) carried forward14€298k€699k▲
Amounts payable17/49€996k€1.27M▲
Amounts payable after more than one year17€408k€305k▼
Financial debts170/4€408k€305k▼
Amounts payable within one year42/48€588k€962k▲
Current portion of amounts payable after more than one year42€304k€457k▲
Trade debts44€100k€293k▲
Suppliers440/4€100k€293k▲
Taxes, remuneration and social security45€183k€211k▲
Taxes450/3€174k€152k▼
Remuneration and social security454/9€9k€59k▲
Other amounts payable47/48€328€724▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€201k€606k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€99k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€440k€1.29M▲
Operating profit (loss)9901€184k€577k▲
Financial income75/76B€72€1k▲
Recurring financial income75€72€1k▲
Financial charges65/66B€18k€28k▲
Recurring financial charges65€18k€28k▲
Profit (loss) for the period before taxes9903€167k€551k▲
Income taxes67/77€45k€150k▲
Profit (loss) for the period9904€122k€401k▲
Profit (loss) for the period to be appropriated9905€122k€401k▲
Appropriation of the result
Profit (loss) to be appropriated9906€298k€699k▲
Profit (loss) brought forward from the previous period14P€176k€298k▲
Social balance
Average headcount (FTE)90877.89.5▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-08
State Gazette act
Board meeting · Registered-office move
Director appointment · Permanent representative
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2022net €401k ▲230%
Operating result €577k, net result €401k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €585k ▲2144%
2 profitable years in a row build equity to €585k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2022
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.
Schildersstraat 132000 AntwerpenGround area
921 m²
Building footprint
893 m²
Volume, LiDAR
11,045 m³
2 parcels, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DELTAMATE
since 20222.327.884.588
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0018/00D006 | Flanders | 766 m² | 1 · 766 m² | 19.2 m · 5 fl. |
| 11811L3628/00M002 | Flanders | 155 m² | 1 · 127 m² | 16.3 m · 4 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.
Structure & network
Ownership & control
1 partyStretch InnovationBE 0781.582.943
controls
Where this company holds controlthis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 358,053 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 356,388 EUR | 0 EUR |
| 2024 | 1 | 1,665 EUR | 0 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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BE 0566.940.749
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PCS BV
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INEXISS
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 8,605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2022
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
82990Other business support services
62010Computer programming, consultancy and related activities
62100Computer programming
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.
Contact details
2 entriesE-mail:stijn@stretchinnovation.be
Phone:0477986352