INWACO
ActiveINWACO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €116k and a net result of €16k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 6714 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
70
/ 100
Healthy▼ -19 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-33
Solvency58▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.59 in 2023), and 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
30.8%
Return on assets
4.1%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
146 d late
2023
29 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€116k▼ 12.3%
2023 · €132k
2018: €90k
2019: €90k
2020: €122k
2021: €129k
2022: €108k
2023: €132k
2018 → 2024
Total assets
€376k▲ 8.7%
2023 · €346k
2018: €306k
2019: €403k
2020: €316k
2021: €378k
2022: €333k
2023: €346k
2018 → 2024
Net result
€16k▼ 59.5%
2023 · €38k
2018: €5k
2019: €44k
2020: €32k
2021: €40k
2022: €7k
2023: €38k
2018 → 2024
Working capital
€110k▼ 13.2%
2023 · €127k
2018: €88k
2019: €77k
2020: €120k
2021: €131k
2022: €101k
2023: €127k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€122k-€129k▲ 6.0%€108k▼ 16.2%€132k▲ 22.3%€116k▼ 12.3%
Operating result€61k-€70k▲ 15.2%€20k▼ 71.2%€67k▲ 230%€32k▼ 52.3%
Net result€32k-€40k▲ 26.8%€7k▼ 82.8%€38k▲ 452%€16k▼ 59.5%
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 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €376k
Fixed assets
€6k▲ 10.0%
Current assets
€371k▲ 8.7%
Equity and liabilities €376k
Equity
€116k▼ 12.3%
Debt
€260k▲ 21.7%
The debt ratio rises from 61.8% to 69.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€35k▼
2023 · €70k
Cash flow
€18k▼
2023 · €41k
Solvency
30.8%▼
2023 · 38.2%
Current ratio
1.42▼
2023 · 1.59
Quick ratio
0.92▲
2023 · 0.92
Debt / equity
2.24▲
2023 · 1.62
ROE
13.4%▼
2023 · 29.0%
ROA
4.1%▼
2023 · 11.1%
Interest coverage
4.71▼
2023 · 8.25
Debt
€260k▲
2023 · €214k
Debt ≤ 1 year
€260k▲
2023 · €214k
Income taxes
€9k▼
2023 · €19k
Staff costs
€246k▲
2023 · €190k
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€346k€376k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€5k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€962€132▼
Financial fixed assets28€539€539=
Current assets29/58€341k€371k▲
Stocks and contracts in progress3€145k€132k▼
Stocks30/36€145k€132k▼
Amounts receivable within one year40/41€111k€102k▼
Trade receivables40€105k€93k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€82k€129k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€346k€376k▲
Equity10/15€132k€116k▼
Contributions10/11€26k€26k=
Reserves13€107k€90k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€138€138=
Distributable reserves133€105k€90k▼
Amounts payable17/49€214k€260k▲
Amounts payable within one year42/48€214k€260k▲
Trade debts44€175k€201k▲
Suppliers440/4€175k€201k▲
Taxes, remuneration and social security45€24k€27k▲
Taxes450/3€11k€3k▼
Remuneration and social security454/9€13k€24k▲
Other amounts payable47/48€14k€32k▲
Income statement
Code20232024
Remuneration, social security and pensions62€190k€246k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€693€700▲
Gross operating margin9900€261k€281k▲
Operating profit (loss)9901€67k€32k▼
Financial income75/76B€10€100▲
Recurring financial income75€10€100▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€8k€7k▼
Non-recurring financial charges66B€703-
Profit (loss) for the period before taxes9903€58k€25k▼
Income taxes67/77€19k€9k▼
Profit (loss) for the period9904€38k€16k▼
Profit (loss) for the period to be appropriated9905€38k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€16k▼
Transfer from equity791/2-€32k
Transfer to equity691/2€24k€16k▼
To other reserves6921€24k€16k▼
Profit to be distributed694/7€14k€32k▲
Return on contributions (dividend)694€14k€32k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 146 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €122k ▲35.4%
3 profitable years in a row build equity to €122k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €44k ▲700%
Operating result €73k, net result €44k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hemiksem · 1 establishment unit since 2008
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.
Jan Sanderslaan 982620 HemiksemGround area
291 m²
Building footprint
165 m²
Volume, LiDAR
1,014 m³
Parcel 11018B0107/00E019, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INWACO
since 20082.174.575.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0107/00E019 | Flanders | 291 m² | 1 · 165 m² | 7.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHemiksem2.174.575.593
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Of 1,260 companies in sector 47300 we hold annual accounts for 944. 779 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2008
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
49500Land transport and transport via pipelines
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.