INECT
ActiveSummary
The annual accounts of INECT for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €45k and a net result of €-48k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 2699 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-95
Solvency36▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.37 against 2.22 in 2024; short-term debt: 70.2% and cash: 48.5% of total assets), and 88.5% of the assets are financed with debt.
Credit check 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
11.5%
Return on assets
-12.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2699 sector peers (2025).
NBB · sector comparisonPosition among 2699 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
on the day
2022
67 d late
2021
11 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€45k▼ 51.7%
2024 · €94k
2021: €33k
2022: €32k▼ -3.2% vs 2021lowest value
2024: €94khighest value
2025: €45k▼ -51.7% vs 2024
2021 → 2025
Total assets
€394k▲ 47.7%
2024 · €266k
2021: €33k
2022: €33k▼ -0.8% vs 2021lowest value
2024: €266k
2025: €394k▲ +47.7% vs 2024highest value
2021 → 2025
Net result
€-48k
2024 · €62k
2021: €-2k
2022: €-1k▲ +53.4% vs 2021
2024: €62khighest value
2025: €-48k▼ -178% vs 2024lowest value
2021 → 2025
Working capital
€103k▼ 16.3%
2024 · €123k
2022: €32klowest value
2024: €123khighest value
2025: €103k▼ -16.3% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220242025Trend
Equity€33k-€32k▼ 3.2%€94k▲ 195%€45k▼ 51.7%
2021: €33k
2022: €32k▼ -3.2% vs 2021lowest value
2024: €94khighest value
2025: €45k▼ -51.7% vs 2024
Operating result€-2k-€-994▲ 54.1%€85k€-43k
2021: €-2k
2022: €-994▲ +54.1% vs 2021
2024: €85khighest value
2025: €-43k▼ -151% vs 2024lowest value
Net result€-2k-€-1k▲ 53.4%€62k€-48k
2021: €-2k
2022: €-1k▲ +53.4% vs 2021
2024: €62khighest value
2025: €-48k▼ -178% vs 2024lowest value
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 turns negative in 2025: a loss of €43k after €85k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394k
Fixed assets
€14k ▼ 66.3%
Current assets
€379k ▲ 69.5%
Equity and liabilities €394k
Equity
€45k ▼ 51.7%
Debt
€348k ▲ 101%
Debt's share of the balance-sheet total rises from 64.9% to 88.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-42k▼
2024 · €90k
Cash flow
€-48k▼
2024 · €67k
Current ratio
1.37▼
2024 · 2.22
Debt to equity
7.71▲
2024 · 1.85
ROE
-106.9%▼
2024 · 66.1%
ROA
-12.3%▼
2024 · 23.2%
Interest coverage
-5.42▼
2024 · 20.05
Debt ≤ 1 year
€276k▲
2024 · €101k
Debt > 1 year
€72k=
2024 · €72k
Income taxes
€90▼
2024 · €30k
Staff costs
€416k▲
2024 · €93k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€266k€394k▲
Fixed assets21/28€43k€14k▼
Tangible fixed assets22/27€35k€6k▼
Plant, machinery and equipment23€13k-
Furniture and vehicles24€21k€6k▼
Financial fixed assets28€8k€8k=
Current assets29/58€224k€379k▲
Amounts receivable within one year40/41€107k€188k▲
Trade receivables40€75k€156k▲
Other amounts receivable41€32k€32k▲
Current investments50/53-€69
Cash at bank and in hand54/58€117k€191k▲
Equity and liabilities
Total equity and liabilities10/49€266k€394k▲
Equity10/15€94k€45k▼
Contributions10/11€35k€35k=
Reserves13€62k€62k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€-3k€-52k▼
Amounts payable17/49€173k€348k▲
Amounts payable after more than one year17€72k€72k=
Financial debts170/4€72k€72k=
Amounts payable within one year42/48€101k€276k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€41k€189k▲
Suppliers440/4€41k€189k▲
Taxes, remuneration and social security45€60k€77k▲
Taxes450/3€38k€30k▼
Remuneration and social security454/9€22k€47k▲
Other amounts payable47/48-€89
Income statement
Code20242025
Non-recurring operating income76A-€24k
Remuneration, social security and pensions62€93k€416k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€453▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€63k
Other operating charges640/8€1k€566▼
Non-recurring operating charges66A€183€89k▲
Gross operating margin9900€184k€526k▲
Operating profit (loss)9901€85k€-43k▼
Financial income75/76B€12k€3k▼
Recurring financial income75€12k€3k▼
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€92k€-48k▼
Income taxes67/77€30k€90▼
Profit (loss) for the period9904€62k€-48k▼
Profit (loss) for the period to be appropriated9905€62k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€-52k▼
Profit (loss) brought forward from the previous period14P€-3k€-3k=
Transfer to equity691/2€62k-
To other reserves6921€62k-
Social balance
Average headcount (FTE)90872.37.6▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €24k | - |
| Goods, raw materials, services and sundry goods60/61 | €2k | €994 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €93k | €416k | ▲ 346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5k | €453 | ▼ 90.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €63k | - |
| Other operating charges640/8 | - | - | €1k | €566 | ▼ 43.9% |
| Non-recurring operating charges66A | - | - | €183 | €89k | ▲ 48,430% |
| Gross operating margin9900 | €-2k | €-994 | €184k | €526k | ▲ 186% |
| Operating profit (loss)9901 | €-2k | €-994 | €85k | €-43k | ▼ 151% |
| Financial income75/76B | - | - | €12k | €3k | ▼ 78.4% |
| Recurring financial income75 | - | - | €12k | €3k | ▼ 78.4% |
| Financial charges65/66B | €61 | €42 | €4k | €8k | ▲ 75.4% |
| Recurring financial charges65 | €61 | €42 | €4k | €8k | ▲ 75.4% |
| Profit (loss) for the period before taxes9903 | €-2k | €-1k | €92k | €-48k | ▼ 152% |
| Income taxes67/77 | - | - | €30k | €90 | ▼ 99.7% |
| Profit (loss) for the period9904 | €-2k | €-1k | €62k | €-48k | ▼ 178% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-1k | €62k | €-48k | ▼ 178% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €33k | €33k | €266k | €394k | ▲ 47.7% |
| Fixed assets21/28 | - | - | €43k | €14k | ▼ 66.3% |
| Tangible fixed assets22/27 | - | - | €35k | €6k | ▼ 81.8% |
| Plant, machinery and equipment23 | - | - | €13k | - | - |
| Furniture and vehicles24 | - | - | €21k | €6k | ▼ 70.3% |
| Financial fixed assets28 | - | - | €8k | €8k | = |
| Current assets29/58 | €33k | €33k | €224k | €379k | ▲ 69.5% |
| Amounts receivable within one year40/41 | €33k | €32k | €107k | €188k | ▲ 75.9% |
| Trade receivables40 | - | - | €75k | €156k | ▲ 108% |
| Other amounts receivable41 | €33k | €32k | €32k | €32k | ▲ 0.9% |
| Current investments50/53 | - | - | - | €69 | - |
| Cash at bank and in hand54/58 | €117 | €236 | €117k | €191k | ▲ 63.5% |
| Deferred charges and accrued income490/1 | €10 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €33k | €33k | €266k | €394k | ▲ 47.7% |
| Equity10/15 | €33k | €32k | €94k | €45k | ▼ 51.7% |
| Contributions10/11 | €35k | €35k | €35k | €35k | = |
| Reserves13 | - | - | €62k | €62k | = |
| Distributable reserves133 | - | - | €62k | €62k | = |
| Profit (loss) carried forward14 | €-2k | €-3k | €-3k | €-52k | ▼ 1,483% |
| Amounts payable17/49 | - | €766 | €173k | €348k | ▲ 101% |
| Amounts payable after more than one year17 | - | - | €72k | €72k | = |
| Financial debts170/4 | - | - | €72k | €72k | = |
| Amounts payable within one year42/48 | - | €766 | €101k | €276k | ▲ 174% |
| Financial debts43 | - | - | - | €10k | - |
| Credit institutions430/8 | - | - | - | €10k | - |
| Trade debts44 | - | €766 | €41k | €189k | ▲ 358% |
| Suppliers440/4 | - | €766 | €41k | €189k | ▲ 358% |
| Taxes, remuneration and social security45 | - | - | €60k | €77k | ▲ 29.2% |
| Taxes450/3 | - | - | €38k | €30k | ▼ 19.3% |
| Remuneration and social security454/9 | - | - | €22k | €47k | ▲ 112% |
| Other amounts payable47/48 | - | - | - | €89 | - |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-1k | €62k | €-48k | ▼ 178% |
| + Depreciation and write-downs630 | - | - | €5k | €453 | ▼ 90.9% |
| Operating cash flow (approximation) | €-2k | €-1k | €67k | €-48k | ▼ 172% |
| Investment in fixed assets (approximation) | - | - | - | €28k | - |
| Change in cash | - | €119 | - | €74k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Leuven · 1 establishment unit since 2020
Ground area
1.8 ha
Building footprint
4,090 m²
Volume, LiDAR
26,718 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
INECT
since 20202.302.763.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0015/00C004 | Flanders | 9,035 m² | 1 · 1,994 m² | 11.8 m · 3 fl. |
| 24040C0005/00F000 | Flanders | 8,837 m² | 1 · 2,096 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2024 to 2025 · 6 entries · 508,469 EUR awarded · 410,760 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 12,500 EUR | 206,500 EUR |
| 2024 | 3 | 495,969 EUR | 204,260 EUR |
Schemes
Ontwikkelingsproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-05-2020
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.