INNOVIA FILMS
ActiveINNOVIA FILMS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5.68M) and a net result of €6.65M. Equity is shrinking by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
8
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+20
Solvency33=
Growth38▲+16
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.09 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
-620%
Return on assets
726.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 186 sector peers (2025).
NBB · sector comparisonPosition among 186 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
31 d early
2023
77 d early
2022
77 d early
2021
76 d early
2020
81 d early
2019
56 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€30k▼ 99.8%
2024 · €12.93M
2018: €53.48M
2019: €58.15M
2020: €54.18M
2021: €55.44M
2022: €68.89M
2023: €57.47M
2024: €12.93M
2018 → 2025
EBIT margin
29505.0%▲ 29499.1pp
2024 · 6.0%
2018: 8.3%
2019: 9.8%
2020: 13.6%
2021: 8.6%
2022: 8.7%
2023: -27.5%
2024: 6.0%
2018 → 2025
Net result
€6.65M▲ 812%
2024 · €730k
2018: €2.73M
2019: €3.71M
2020: €5.13M
2021: €3.55M
2022: €4.45M
2023: €-17.57M
2024: €730k
2018 → 2025
Working capital
€-5.59M▲ 64.7%
2024 · €-15.85M
2018: €11.47M
2019: €9.28M
2020: €5.03M
2021: €1.75M
2022: €804k
2023: €5.50M
2024: €-15.85M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€55.44M-€68.89M▲ 24.2%€57.47M▼ 16.6%€12.93M▼ 77.5%€30k▼ 99.8%
Equity€6.06M-€4.51M▼ 25.6%€-13.06M€-12.33M▲ 5.6%€-5.68M▲ 53.9%
Operating result€4.76M-€5.98M▲ 25.6%€-15.81M€772k€8.82M▲ 1,043%
Net result€3.55M-€4.45M▲ 25.2%€-17.57M€730k€6.65M▲ 812%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,043% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €916k
Fixed assets
€435▼ 100.0%
Current assets
€915k▼ 42.2%
Key figures and ratios
Solvency
-620.0%▼
2024 · -226.8%
Current ratio
0.14▲
2024 · 0.09
Quick ratio
0.14▲
2024 · 0.09
Debt / equity
-1.15▲
2024 · -1.42
ROE
-117.2%▼
2024 · -5.9%
ROA
726.4%▲
2024 · 13.4%
Debt
€6.51M▼
2024 · €17.48M
Debt ≤ 1 year
€6.51M▼
2024 · €17.43M
Income taxes
€2.18M▲
2024 · €-5k
Staff costs
€1.18M▼
2024 · €21.75M
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€5.44M€916k▼
Fixed assets21/28€3.85M€435▼
Tangible fixed assets22/27€3.85M-
Other tangible fixed assets26€3.85M-
Financial fixed assets28€1k€435▼
Other financial fixed assets284/8€1k€435▼
Amounts receivable and cash guarantees285/8€1k€435▼
Current assets29/58€1.58M€915k▼
Amounts receivable within one year40/41€851k€578k▼
Trade receivables40€93k€113k▲
Other amounts receivable41€758k€465k▼
Cash at bank and in hand54/58€726k€337k▼
Deferred charges and accrued income490/1€7k-
Equity and liabilities
Total equity and liabilities10/49€5.44M€916k▼
Equity10/15€-12.33M€-5.68M▲
Contributions10/11€22k€22k=
Profit (loss) carried forward14€-12.35M€-5.70M▲
Provisions and deferred taxes16€291k€87k▼
Provisions for liabilities and charges160/5€291k€87k▼
Pensions and similar obligations160€141k€87k▼
Other liabilities and charges164/5€150k-
Amounts payable17/49€17.48M€6.51M▼
Amounts payable within one year42/48€17.43M€6.51M▼
Financial debts43€16.20M€6.00M▼
Other loans439€16.20M€6.00M▼
Trade debts44€277k€37k▼
Suppliers440/4€277k€37k▼
Taxes, remuneration and social security45€955k€469k▼
Taxes450/3€4k€242k▲
Remuneration and social security454/9€951k€227k▼
Accrued charges and deferred income492/3€44k-
Income statement
Code20242025
Operating income70/76A€9.35M€10.77M▲
Turnover70€12.93M€30k▼
Change in stocks of work in progress, finished goods and contracts in progress71€-5.56M-
Other operating income74€1.22M€1.42M▲
Non-recurring operating income76A€759k€9.32M▲
Operating charges60/66A€8.58M€1.95M▼
Goods for resale, raw materials and consumables60€3.20M-
Purchases600/8€1.56M-
Change in stocks: decrease (increase)609€1.64M-
Services and other goods61€4.67M€900k▼
Remuneration, social security and pensions62€21.75M€1.18M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-210k€56k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-233k€-55k▲
Other operating charges640/8€309k€21k▼
Non-recurring operating charges66A€-21.09M€-150k▲
Operating profit (loss)9901€772k€8.82M▲
Financial income75/76B€44k€28k▼
Recurring financial income75€44k€28k▼
Other financial income752/9€44k€28k▼
Financial charges65/66B€92k€14k▼
Recurring financial charges65€92k€14k▼
Other financial charges652/9€92k€14k▼
Profit (loss) for the period before taxes9903€724k€8.83M▲
Income taxes67/77€-5k€2.18M▲
Taxes670/3€34k€2.18M▲
Tax adjustments and reversals of tax provisions77€39k€2k▼
Profit (loss) for the period9904€730k€6.65M▲
Profit (loss) for the period to be appropriated9905€730k€6.65M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12.35M€-5.70M▲
Profit (loss) brought forward from the previous period14P€-13.08M€-12.35M▲
Social balance
Average headcount (FTE)908727.43.7▼
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €6.65M ▲812%
Operating result €8.82M, net result €6.65M, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €730k
Net result €730k after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-17.57M ▼495%
Net result drops to €-17.57M, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €10MEq €11.38M ▲48.4%
2 profitable years in a row build equity to €11.38M.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
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.
14-06-2023
Frans Vorst: Resigned as Director
01-01-2019
Dominic Heaton: Resigned as Manager
12-05-2015
David Beeby: Resigned as Manager
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2004
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.
Ottergemsesteenweg-Zuid 8089000 GentGround area
3.2 ha
Building footprint
2.0 ha
Volume, LiDAR
251,951 m³
Parcel 44808H0602/00T003, Flanders · tallest building 40.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
INNOVIA FILMS
since 20042.139.356.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0602/00T003 | Flanders | 3.2 ha | 1 · 2.0 ha | 40.8 m · 4 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.
Statutory auditor
1 auditor| Deloitte Bedrijfsrevisoren BV ovve CVBA Statutory auditor · represented by Dirk Van Vlaenderen | - → 15-12-2015 |
Structure & network
Connections & network
17 connected companiesNetwork connections
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,510 EUR awarded · 18,510 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,280 EUR | 3,280 EUR |
| 2024 | 1 | 2,556 EUR | 2,556 EUR |
| 2023 | 1 | 9,436 EUR | 9,436 EUR |
| 2022 | 1 | 3,238 EUR | 3,238 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveInnovia Films
Legal Entity Identifier
9676002T4E9JFLXXUD63
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Of 366 companies in sector 22210 we hold annual accounts for 288. 155 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2004
Fiscal year end31-12
Activities, NACEBEL
22210Manufacture of rubber and plastic products
24640
20590Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.