SVI-INNOVATION
ActiveSummary
SVI-INNOVATION has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €15k. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-8
Solvency81▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.77 in 2023; short-term debt: 33.9% and cash: 11.7% of total assets), and 43.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
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
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
56.1%
Return on assets
11.9%
Age of the figures
21 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 04-08-2025, 4 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
4 d late
2023
26 d late
2022
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 27.0%
2023 · €55k
2022: €32k
2023: €55k
2022 → 2024
Total assets
€124k▼ 3.4%
2023 · €128k
2022: €115k
2023: €128k
2022 → 2024
Net result
€15k▼ 38.0%
2023 · €24k
2022: €31k
2023: €24k
2022 → 2024
Working capital
€57k▲ 44.8%
2023 · €39k
2022: €17k
2023: €39k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€32k-€55k▲ 68.4%€69k▲ 27.0%
Operating result€41k-€31k▼ 23.5%€22k▼ 29.8%
Net result€31k-€24k▼ 23.4%€15k▼ 38.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 30% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124k
Fixed assets
€25k ▼ 34.4%
Current assets
€99k ▲ 9.8%
Equity and liabilities €124k
Equity
€69k ▲ 27.0%
Debt
€54k ▼ 26.1%
Debt's share of the balance-sheet total falls from 57.3% to 43.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2023 · €44k
Cash flow
€28k▼
2023 · €37k
Current ratio
2.35▲
2023 · 1.77
Debt to equity
0.78▼
2023 · 1.34
ROE
21.3%▼
2023 · 43.5%
ROA
11.9%▼
2023 · 18.6%
Interest coverage
57.99▼
2023 · 69.25
Debt ≤ 1 year
€42k▼
2023 · €51k
Debt > 1 year
€12k▼
2023 · €23k
Income taxes
€7k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€124k▼
Fixed assets21/28€38k€25k▼
Tangible fixed assets22/27€38k€25k▼
Plant, machinery and equipment23€376€227▼
Furniture and vehicles24€38k€25k▼
Current assets29/58€90k€99k▲
Amounts receivable within one year40/41€12k€31k▲
Trade receivables40€12k€31k▲
Current investments50/53€30k€50k▲
Cash at bank and in hand54/58€44k€14k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€128k€124k▼
Equity10/15€55k€69k▲
Contributions10/11€3k€3k=
Reserves13€52k€66k▲
Distributable reserves133€52k€66k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€73k€54k▼
Amounts payable after more than one year17€23k€12k▼
Financial debts170/4€23k€12k▼
Amounts payable within one year42/48€51k€42k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€25k€24k▼
Taxes450/3€23k€24k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€7k€62▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€454€387▼
Gross operating margin9900€45k€35k▼
Operating profit (loss)9901€31k€22k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€637€601▼
Recurring financial charges65€637€601▼
Profit (loss) for the period before taxes9903€31k€21k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€24k€15k▼
Profit (loss) for the period to be appropriated9905€24k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€15k▼
Transfer to equity691/2€22k€15k▼
To other reserves6921€22k€15k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼38%
Net result drops to €15k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Pajottegem · 1 establishment unit since 2021
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.
Oude Steenweg 351540 PajottegemGround area
970 m²
Building footprint
195 m²
Volume, LiDAR
1,126 m³
Parcel 23032I0625/00M002, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SVI-INNOVATION
since 20212.323.597.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032I0625/00M002 | Flanders | 970 m² | 1 · 195 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.