Inert
ActiveSummary
The annual accounts of Inert for fiscal year 2024 show a net loss of 70% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-10k. Equity is shrinking by ~16.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 2280 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-50
Solvency29▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 short (current ratio 0.65 against 0.88 in 2023; short-term debt: 75.6% and cash: 5% of total assets), and 95.6% 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 63
Relative position
BE, all sectors
reference
Sector 63
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
4.4%
Return on assets
-10.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2280 sector peers (2024).
NBB · sector comparisonPosition among 2280 sector peers
Solvency
better than 15%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
40 d early
2022
25 d late
2021
30 d late
2020
31 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 69.9%
2023 · €14k
2019: €21k
2020: €19k
2021: €21k
2022: €13k
2023: €14k
2019 → 2024
Total assets
€96k▼ 35.7%
2023 · €150k
2019: €46k
2020: €58k
2021: €69k
2022: €51k
2023: €150k
2019 → 2024
Net result
€-10k
2023 · €46k
2019: €9k
2020: €-3k
2021: €2k
2022: €-8k
2023: €46k
2019 → 2024
Working capital
€-25k▼ 101%
2023 · €-13k
2019: €15k
2020: €13k
2021: €13k
2022: €6k
2023: €-13k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€21k▲ 11.5%€13k▼ 36.8%€14k▲ 9.0%€4k▼ 69.9%
Operating result€-1k-€5k€-7k€60k€-7k
Net result€-3k-€2k€-8k€46k€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €60k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €96k
Fixed assets
€49k ▼ 13.3%
Current assets
€48k ▼ 49.1%
Equity and liabilities €96k
Equity
€4k ▼ 69.9%
Debt
€92k ▼ 32.1%
Debt's share of the balance-sheet total rises from 90.5% to 95.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €68k
Cash flow
€8k▼
2023 · €55k
Current ratio
0.65▼
2023 · 0.88
Debt to equity
21.51▲
2023 · 9.53
ROE
-232.6%▼
2023 · 323.3%
ROA
-10.3%▼
2023 · 30.7%
Interest coverage
5.33▼
2023 · 50.32
Debt ≤ 1 year
€73k▼
2023 · €106k
Debt > 1 year
€19k▼
2023 · €29k
Income taxes
€581▼
2023 · €12k
Staff costs
€205k▲
2023 · €138k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€150k€96k▼
Fixed assets21/28€56k€49k▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€46k€40k▼
Plant, machinery and equipment23€5k€11k▲
Furniture and vehicles24€38k€28k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€94k€48k▼
Amounts receivable within one year40/41€32k€42k▲
Trade receivables40€32k€41k▲
Other amounts receivable41-€833
Cash at bank and in hand54/58€62k€5k▼
Deferred charges and accrued income490/1€623€1k▲
Equity and liabilities
Total equity and liabilities10/49€150k€96k▼
Equity10/15€14k€4k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14-€-10k
Amounts payable17/49€136k€92k▼
Amounts payable after more than one year17€29k€19k▼
Financial debts170/4€29k€19k▼
Amounts payable within one year42/48€106k€73k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€9k€118▼
Suppliers440/4€9k€118▼
Taxes, remuneration and social security45€50k€62k▲
Taxes450/3€23k€24k▲
Remuneration and social security454/9€27k€38k▲
Other amounts payable47/48€38k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€138k€205k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€18k▲
Other operating charges640/8€19k€837▼
Gross operating margin9900€226k€217k▼
Operating profit (loss)9901€60k€-7k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€58k€-9k▼
Income taxes67/77€12k€581▼
Profit (loss) for the period9904€46k€-10k▼
Profit (loss) for the period to be appropriated9905€46k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-10k▼
Profit (loss) brought forward from the previous period14P€-1k€0▲
Profit to be distributed694/7€45k-
Return on contributions (dividend)694€45k-
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k ▼122%
Net result drops to €-10k, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2018
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.
Stapelplein 709000 GentGround area
4,237 m²
Building footprint
1,979 m²
Volume, LiDAR
32,545 m³
Parcel 44021A2756/02F002, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Inert
since 20182.282.219.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2756/02F002 | Flanders | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 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.
Similar companies · same sector, comparable size
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LOGIC LOGISTICS
BE 0634.849.756
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Giunone
BE 0761.737.733
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ROKH
BE 0719.978.144
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,523. 464 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
Founded27-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63920Other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.