INNOFOCUS
ActiveINNOFOCUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €762k and a net result of €10k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 2277 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
86
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▼-10
Solvency97▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 10.43 against 9.16 in 2023), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
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 2024Solvency, return and age of the figures
Solvency
55%
Return on assets
0.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
2 d early
2022
31 d early
2021
2 d early
2020
30 d early
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€762k▲ 1.3%
2023 · €752k
2018: €272k
2019: €360k
2020: €531k
2021: €708k
2022: €726k
2023: €752k
2018 → 2024
Total assets
€1.39M▼ 6.9%
2023 · €1.49M
2018: €1.30M
2019: €1.39M
2020: €1.46M
2021: €1.44M
2022: €1.38M
2023: €1.49M
2018 → 2024
Net result
€10k▼ 60.7%
2023 · €25k
2018: €65k
2019: €168k
2020: €188k
2021: €269k
2022: €49k
2023: €25k
2018 → 2024
Working capital
€473k▼ 19.9%
2023 · €590k
2018: €69k
2019: €271k
2020: €480k
2021: €521k
2022: €541k
2023: €590k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€531k-€708k▲ 33.3%€726k▲ 2.6%€752k▲ 3.5%€762k▲ 1.3%
Operating result€218k-€357k▲ 63.4%€51k▼ 85.8%€102k▲ 101%€16k▼ 84.4%
Net result€188k-€269k▲ 43.3%€49k▼ 81.7%€25k▼ 48.3%€10k▼ 60.7%
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 falls in 2024; 2024 is 84% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€862k▲ 4.5%
Current assets
€523k▼ 21.1%
Equity and liabilities €1.39M
Equity
€762k▲ 1.3%
Debt
€624k▼ 15.4%
The debt ratio falls from 49.5% to 45.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€185k▼
2023 · €253k
Cash flow
€179k▲
2023 · €177k
Solvency
55.0%▲
2023 · 50.5%
Current ratio
10.43▲
2023 · 9.16
Quick ratio
10.43▲
2023 · 9.16
Debt / equity
0.82▼
2023 · 0.98
ROE
1.3%▼
2023 · 3.4%
ROA
0.7%▼
2023 · 1.7%
Interest coverage
13.99▼
2023 · 19.36
Debt
€624k▼
2023 · €737k
Debt ≤ 1 year
€50k▼
2023 · €72k
Debt > 1 year
€570k▼
2023 · €661k
Income taxes
€-5k▼
2023 · €63k
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€1.49M€1.39M▼
Fixed assets21/28€826k€862k▲
Tangible fixed assets22/27€788k€825k▲
Land and buildings22€761k€669k▼
Furniture and vehicles24€26k€156k▲
Financial fixed assets28€38k€38k=
Current assets29/58€663k€523k▼
Amounts receivable within one year40/41€227k€236k▲
Trade receivables40€146k€195k▲
Other amounts receivable41€81k€41k▼
Current investments50/53€145k€125k▼
Cash at bank and in hand54/58€260k€131k▼
Deferred charges and accrued income490/1€30k€30k=
Equity and liabilities
Total equity and liabilities10/49€1.49M€1.39M▼
Equity10/15€752k€762k▲
Contributions10/11€19k€19k=
Reserves13€733k€743k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€731k€741k▲
Amounts payable17/49€737k€624k▼
Amounts payable after more than one year17€661k€570k▼
Financial debts170/4€456k€387k▼
Trade debts175€205k€183k▼
Amounts payable within one year42/48€72k€50k▼
Trade debts44€49k€28k▼
Suppliers440/4€49k€28k▼
Taxes, remuneration and social security45€17k€23k▲
Taxes450/3€6k€6k▼
Remuneration and social security454/9€11k€16k▲
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Non-recurring operating income76A€53k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€169k▲
Other operating charges640/8€50k€15k▼
Gross operating margin9900€303k€200k▼
Operating profit (loss)9901€102k€16k▼
Financial income75/76B€163€2k▲
Recurring financial income75€163€2k▲
Financial charges65/66B€13k€13k▲
Recurring financial charges65€13k€13k▲
Profit (loss) for the period before taxes9903€89k€5k▼
Income taxes67/77€63k€-5k▼
Profit (loss) for the period9904€25k€10k▼
Profit (loss) for the period to be appropriated9905€25k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€10k▼
Transfer to equity691/2€25k€10k▼
To other reserves6921€25k€10k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-08
State Gazette act
Board meeting · Capital increase
Share issue · Statutes amendment
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €10k ▼60.7%
Net result drops to €10k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €269k ▲43.3%
Operating result €357k, net result €269k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €531k ▲47.6%
3 profitable years in a row build equity to €531k.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 · 2 establishment units since 1996
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.
Sint-Michielskaai 342000 AntwerpenGround area
315 m²
Building footprint
309 m²
Volume, LiDAR
3,025 m³
2 parcels, Flanders · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
INNOFOCUS
since 19962.075.727.348
INNOFOCUS
since 20112.387.180.589
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1224/00F000 | Flanders | 222 m² | 1 · 222 m² | 10.0 m · 2 fl. |
| 11804D3488/00V000 | Flanders | 93 m² | 1 · 88 m² | 21.9 m · 7 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
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
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Of 24,419 companies in sector 82990 we hold annual accounts for 9,360. 5,070 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-1996
Fiscal year end31-12
Activities, NACEBEL
74851
82990Other business support services
82100Office administrative and support services
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.