INNOPA
ActiveINNOPA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.91M and a net result of €-84k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 414 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
24
/ 100
Critical▼ -29 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-12
Solvency67▼-2
Growth55=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.58 in 2024), and 28.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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 →
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 · 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
71.1%
Return on assets
-1.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 7 filingsDeviation from the deadline
2025
40 d late
2024
13 d early
2023
22 d late
2022
5 d early
2021
3 d early
2020
28 d late
2019
6 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
€4.68M▲ 8.5%
2024 · €4.31M
2018: €2.69M
2019: €3.21M
2020: €3.03M
2021: €3.28M
2022: €4.25M
2023: €4.35M
2024: €4.31M
2018 → 2025
EBIT margin
0.1%▼ 3.4pp
2024 · 3.5%
2018: 12.2%
2019: 14.9%
2020: 8.9%
2021: 4.4%
2022: 19.9%
2023: 7.6%
2024: 3.5%
2018 → 2025
Net result
€-84k
2024 · €41k
2018: €166k
2019: €273k
2020: €121k
2021: €25k
2022: €557k
2023: €174k
2024: €41k
2018 → 2025
Working capital
€-753k▼ 66.3%
2024 · €-453k
2018: €52k
2019: €7k
2020: €94k
2021: €-82k
2022: €-84k
2023: €-289k
2024: €-453k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.28M-€4.25M▲ 29.6%€4.35M▲ 2.5%€4.31M▼ 1.0%€4.68M▲ 8.5%
Equity€3.23M-€3.78M▲ 17.2%€3.96M▲ 4.6%€4.00M▲ 1.0%€3.91M▼ 2.1%
Operating result€145k-€847k▲ 484%€331k▼ 60.9%€151k▼ 54.5%€4k▼ 97.6%
Net result€25k-€557k▲ 2,121%€174k▼ 68.8%€41k▼ 76.6%€-84k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 98% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.51M
Fixed assets
€4.86M▲ 0.1%
Current assets
€652k▲ 2.1%
Equity and liabilities €5.51M
Equity
€3.91M▼ 2.1%
Debt
€1.59M▲ 7.0%
The debt ratio rises from 27.2% to 28.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€15k▼
2024 · €158k
Cash flow
€-73k▼
2024 · €48k
Solvency
71.1%▼
2024 · 72.8%
Current ratio
0.46▼
2024 · 0.58
Quick ratio
0.46▼
2024 · 0.58
Debt / equity
0.41▲
2024 · 0.37
ROE
-2.1%▼
2024 · 1.0%
ROA
-1.5%▼
2024 · 0.7%
Interest coverage
0.18▼
2024 · 2.08
Debt
€1.59M▲
2024 · €1.49M
Debt ≤ 1 year
€1.41M▲
2024 · €1.09M
Debt > 1 year
€179k▼
2024 · €387k
Income taxes
€5k▼
2024 · €35k
Staff costs
€3.39M▲
2024 · €3.00M
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€5.49M€5.51M▲
Fixed assets21/28€4.85M€4.86M▲
Tangible fixed assets22/27€16k€22k▲
Plant, machinery and equipment23€16k€22k▲
Financial fixed assets28€4.83M€4.83M=
Affiliated companies280/1€4.83M€4.83M=
Participating interests280€4.83M€4.83M=
Current assets29/58€638k€652k▲
Amounts receivable within one year40/41€580k€608k▲
Trade receivables40€346k€497k▲
Other amounts receivable41€233k€110k▼
Cash at bank and in hand54/58€5k€582▼
Deferred charges and accrued income490/1€54k€44k▼
Equity and liabilities
Total equity and liabilities10/49€5.49M€5.51M▲
Equity10/15€4.00M€3.91M▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Profit (loss) carried forward14€3.78M€3.69M▼
Amounts payable17/49€1.49M€1.59M▲
Amounts payable after more than one year17€387k€179k▼
Financial debts170/4€387k€179k▼
Credit institutions173€387k€179k▼
Amounts payable within one year42/48€1.09M€1.41M▲
Current portion of amounts payable after more than one year42€201k€208k▲
Financial debts43€75k€25k▼
Credit institutions430/8€75k€25k▼
Trade debts44€257k€232k▼
Suppliers440/4€257k€232k▼
Taxes, remuneration and social security45€549k€691k▲
Taxes450/3€132k€148k▲
Remuneration and social security454/9€417k€543k▲
Other amounts payable47/48€10k€249k▲
Accrued charges and deferred income492/3€12k€10k▼
Income statement
Code20242025
Operating income70/76A€4.37M€4.75M▲
Turnover70€4.31M€4.68M▲
Other operating income74€58k€69k▲
Operating charges60/66A€4.22M€4.74M▲
Goods for resale, raw materials and consumables60€301k€325k▲
Purchases600/8€301k€325k▲
Services and other goods61€902k€1.01M▲
Remuneration, social security and pensions62€3.00M€3.39M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€2k€3k▲
Operating profit (loss)9901€151k€4k▼
Financial income75/76B€8k€4k▼
Recurring financial income75€8k€4k▼
Income from financial fixed assets750€35€50▲
Income from current assets751€7k€3k▼
Other financial income752/9€0€915▲
Financial charges65/66B€82k€86k▲
Recurring financial charges65€82k€86k▲
Debt charges650€76k€80k▲
Other financial charges652/9€7k€7k▲
Profit (loss) for the period before taxes9903€76k€-79k▼
Income taxes67/77€35k€5k▼
Taxes670/3€35k€5k▼
Profit (loss) for the period9904€41k€-84k▼
Profit (loss) for the period to be appropriated9905€41k€-84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.78M€3.69M▼
Profit (loss) brought forward from the previous period14P€3.74M€3.78M▲
Social balance
Average headcount (FTE)908724.627.8▲
The notes to these accounts (39 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
Financial
Weakest financial yearnet €-84k ▼307%
Net result drops to €-84k, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 22 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €557k ▲2121%
Operating result €847k, net result €557k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2018
17-08
State Gazette act
General meeting · Director reappointment
2016
04-08
State Gazette act
General meeting · Director reappointment
Auditor reappointment
14-07
State Gazette act
General meeting · Director reappointment
2014
21-08
State Gazette act
General meeting · Permanent representative
Director resignation · Director appointment
01-08
State Gazette act
General meeting · Permanent representative
Registered-office move · Director resignation
2013
10-01
State Gazette act
General meeting · Director reappointment
2010
09-03
State Gazette act
Incorporation · Founding capital
Corporate purpose · Bank account
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2016
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-07-2016
Resigned as Director
22-07-2016
Resigned as Managing director
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2010
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.
Aarschotsesteenweg 2253012 LeuvenGround area
301 m²
Building footprint
212 m²
Volume, LiDAR
2,011 m³
Parcel 24126C0025/00F000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INNOPA
since 20102.186.373.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0025/00F000 | Flanders | 300 m² | 1 · 212 m² | 14.3 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
1 auditor| Forvis Mazars Réviseurs d’Entreprises Statutory auditor · represented by Anton Nuttens | - → 18-07-2025 |
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 3 more network connections
Shared address
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Shared address
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Shared address
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Ownership & control
1 partyINNOPABE 0444.575.645
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 13,281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1991
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
92611
93110Operation of sports facilities
92722
93293Sports, amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.