InnoCoder
ActiveSummary
InnoCoder has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337k and a net result of €97k. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-1
Solvency72▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.21 in 2024; short-term debt: 41.9% and cash: 5.1% of total assets), and 52.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
47.4%
Return on assets
13.7%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-03-2026, 123 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
123 d early
2024
153 d early
2023
154 d early
2022
140 d early
2021
137 d early
2020
65 d early
2019
80 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€131k
EBIT margin
25.1%
Net result
€97k▼ 3.9%
2024 · €101k
2018: €27k
2019: €12k▼ -53.6% vs 2018
2020: €12k▼ -1.0% vs 2019lowest in 8 years
2021: €24k▲ +95.0% vs 2020
2022: €61k▲ +154% vs 2021
2023: €54k▼ -11.4% vs 2022
2024: €101k▲ +87.0% vs 2023highest in 8 years
2025: €97k▼ -3.9% vs 2024
2018 → 2025
Working capital
€-234k▼ 20.8%
2024 · €-194k
2018: €2khighest in 8 years
2019: €-5k▼ -401% vs 2018
2020: €-96k▼ -1789% vs 2019
2021: €-114k▼ -18.2% vs 2020
2022: €-156k▼ -37.7% vs 2021
2023: €-200k▼ -27.9% vs 2022
2024: €-194k▲ +3.3% vs 2023
2025: €-234k▼ -20.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€133k▲ 84.9%€187k▲ 40.7%€289k▲ 54.1%€337k▲ 16.8%
2021: €72klowest in 5 years
2022: €133k▲ +84.9% vs 2021
2023: €187k▲ +40.7% vs 2022
2024: €289k▲ +54.1% vs 2023
2025: €337k▲ +16.8% vs 2024highest in 5 years
Operating result€53k-€103k▲ 95.2%€90k▼ 13.3%€167k▲ 86.5%€157k▼ 6.4%
2021: €53klowest in 5 years
2022: €103k▲ +95.2% vs 2021
2023: €90k▼ -13.3% vs 2022
2024: €167k▲ +86.5% vs 2023highest in 5 years
2025: €157k▼ -6.4% vs 2024
Net result€24k-€61k▲ 154%€54k▼ 11.4%€101k▲ 87.0%€97k▼ 3.9%
2021: €24klowest in 5 years
2022: €61k▲ +154% vs 2021
2023: €54k▼ -11.4% vs 2022
2024: €101k▲ +87.0% vs 2023highest in 5 years
2025: €97k▼ -3.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets
€647k ▼ 0.3%
Current assets
€64k ▲ 20.9%
Equity and liabilities €711k
Equity
€337k ▲ 16.8%
Debt
€374k ▼ 9.6%
Debt's share of the balance-sheet total falls from 58.9% to 52.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▼
2024 · €170k
Cash flow
€100k▼
2024 · €103k
Current ratio
0.21▲
2024 · 0.21
Debt to equity
1.11▼
2024 · 1.43
ROE
28.9%▼
2024 · 35.1%
ROA
13.7%▼
2024 · 14.4%
Interest coverage
13.79▲
2024 · 9.55
Debt ≤ 1 year
€298k▲
2024 · €246k
Debt > 1 year
€76k▼
2024 · €167k
Income taxes
€48k▼
2024 · €48k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€702k€711k▲
Fixed assets21/28€649k€647k▼
Tangible fixed assets22/27€11k€8k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€639k€639k=
Current assets29/58€53k€64k▲
Amounts receivable within one year40/41€20k€28k▲
Trade receivables40€20k€21k▲
Other amounts receivable41-€7k
Cash at bank and in hand54/58€33k€36k▲
Equity and liabilities
Total equity and liabilities10/49€702k€711k▲
Equity10/15€289k€337k▲
Contributions10/11€12k€12k=
Reserves13€267k€316k▲
Non-distributable reserves130/1-€2k
Other1319-€2k
Distributable reserves133€267k€314k▲
Profit (loss) carried forward14€9k€9k=
Amounts payable17/49€414k€374k▼
Amounts payable after more than one year17€167k€76k▼
Financial debts170/4€167k€76k▼
Amounts payable within one year42/48€246k€298k▲
Current portion of amounts payable after more than one year42€97k€91k▼
Trade debts44€37k€55k▲
Suppliers440/4€37k€55k▲
Taxes, remuneration and social security45€45k€36k▼
Taxes450/3€45k€36k▼
Other amounts payable47/48€67k€116k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€62€62=
Gross operating margin9900€170k€159k▼
Operating profit (loss)9901€167k€157k▼
Financial charges65/66B€18k€12k▼
Recurring financial charges65€18k€12k▼
Profit (loss) for the period before taxes9903€150k€145k▼
Income taxes67/77€48k€48k▼
Profit (loss) for the period9904€101k€97k▼
Profit (loss) for the period to be appropriated9905€101k€97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€106k▼
Profit (loss) brought forward from the previous period14P€9k€9k=
Transfer from equity791/2-€25k
Transfer to equity691/2€101k€97k▼
To other reserves6921€101k€97k▼
Profit to be distributed694/7-€25k
Return on contributions (dividend)694-€25k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €62 | €62 | €62 | €62 | = |
| Gross operating margin9900 | €56k | €106k | €92k | €170k | €159k | ▼ 6.3% |
| Operating profit (loss)9901 | €53k | €103k | €90k | €167k | €157k | ▼ 6.4% |
| Financial charges65/66B | - | €14k | €10k | €18k | €12k | ▼ 35.1% |
| Recurring financial charges65 | €16k | €14k | €10k | €18k | €12k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €37k | €90k | €80k | €150k | €145k | ▼ 3.0% |
| Income taxes67/77 | €13k | €28k | €26k | €48k | €48k | ▼ 1.0% |
| Profit (loss) for the period9904 | €24k | €61k | €54k | €101k | €97k | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €24k | €61k | €54k | €101k | €97k | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732k | €718k | €695k | €702k | €711k | ▲ 1.3% |
| Fixed assets21/28 | €692k | €654k | €651k | €649k | €647k | ▼ 0.3% |
| Tangible fixed assets22/27 | €9k | €15k | €13k | €11k | €8k | ▼ 20.8% |
| Land and buildings22 | - | €6k | €5k | €5k | €4k | ▼ 13.6% |
| Plant, machinery and equipment23 | - | €2k | €2k | €2k | €1k | ▼ 31.5% |
| Furniture and vehicles24 | - | €6k | €5k | €4k | €3k | ▼ 25.0% |
| Financial fixed assets28 | €683k | €639k | €639k | €639k | €639k | = |
| Current assets29/58 | €39k | €65k | €44k | €53k | €64k | ▲ 20.9% |
| Amounts receivable within one year40/41 | €15k | €46k | €36k | €20k | €28k | ▲ 38.1% |
| Trade receivables40 | - | €46k | €36k | €20k | €21k | ▲ 2.5% |
| Other amounts receivable41 | - | - | - | - | €7k | - |
| Cash at bank and in hand54/58 | €24k | €18k | €8k | €33k | €36k | ▲ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732k | €718k | €695k | €702k | €711k | ▲ 1.3% |
| Equity10/15 | €72k | €133k | €187k | €289k | €337k | ▲ 16.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | - | €12k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €6k | - | - | - | - |
| Reserves13 | €51k | €112k | €166k | €267k | €316k | ▲ 18.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | €2k | - |
| Legal reserve130 | - | €2k | - | - | - | - |
| Other1319 | - | - | €2k | - | €2k | - |
| Distributable reserves133 | - | €110k | €164k | €267k | €314k | ▲ 17.4% |
| Profit (loss) carried forward14 | €9k | €9k | €9k | €9k | €9k | = |
| Amounts payable17/49 | €660k | €585k | €508k | €414k | €374k | ▼ 9.6% |
| Amounts payable after more than one year17 | €462k | €364k | €264k | €167k | €76k | ▼ 54.5% |
| Financial debts170/4 | - | €364k | €264k | €167k | €76k | ▼ 54.5% |
| Amounts payable within one year42/48 | €153k | €221k | €244k | €246k | €298k | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | - | €98k | €100k | €97k | €91k | ▼ 6.1% |
| Trade debts44 | €475 | €18k | €16k | €37k | €55k | ▲ 47.2% |
| Suppliers440/4 | - | €18k | €16k | €37k | €55k | ▲ 47.2% |
| Taxes, remuneration and social security45 | - | €36k | €42k | €45k | €36k | ▼ 20.2% |
| Taxes450/3 | - | €36k | €42k | €45k | €36k | ▼ 20.2% |
| Other amounts payable47/48 | - | €70k | €86k | €67k | €116k | ▲ 73.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €61k | €54k | €101k | €97k | ▼ 3.9% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €27k | €63k | €56k | €103k | €100k | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | €37k | €0 | €0 | €0 | - |
| Change in cash | - | €-6k | €-11k | €25k | €3k | ▼ 86.4% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €101k ▲87%
Operating result €167k, net result €101k, both a record.
31-12
Financial
Equity above €200kEq €289k ▲54.1%
7 profitable years in a row build equity to €289k.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €187k ▲40.7%
6 profitable years in a row build equity to €187k.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €133k ▲84.9%
5 profitable years in a row build equity to €133k.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼1%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Lummen · 1 establishment unit since 2012
Ground area
536 m²
Building footprint
127 m²
Volume, LiDAR
15 m³
Parcel 71542D2167/00E004, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
INNOCODER
since 20122.215.627.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542D2167/00E004 | Flanders | 536 m² | 1 · 127 m² | 5.5 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 565 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
Founded03-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
62200Computer consultancy and computer facilities management
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.