INNI group
ActiveSummary
INNI group has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.23M and a net result of €-1.82M. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 36% of 169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-4
Solvency55▼-7
Growth33▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.1 in 2023; short-term debt: 52.5% and cash: 4.6% of total assets), and 70.1% 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○neutral
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 · 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
29.9%
Return on assets
-10.4%
Age of the figures
9 mo
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
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
49 d late
2024
35 d early
2023
16 d early
2022
47 d early
2021
39 d early
2020
39 d early
2019
46 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€23.29M▲ 0.3%
2023 · €23.22M
2018: €23.60M
2019: €26.86M
2020: €20.35M
2021: €20.99M
2022: €21.27M
2023: €23.22M
2018 → 2025
EBIT margin
-6.7%▼ 2.2pp
2023 · -4.5%
2018: 5.5%
2019: 4.9%
2020: -0.2%
2021: 2.0%
2022: -1.3%
2023: -4.5%
2018 → 2025
Net result
€-1.82M▼ 55.8%
2023 · €-1.17M
2018: €741k
2019: €880k
2020: €-146k
2021: €256k
2022: €-19k
2023: €-1.17M
2018 → 2025
Working capital
€475k▼ 35.3%
2023 · €734k
2018: €3.59M
2019: €4.45M
2020: €3.98M
2021: €4.00M
2022: €3.68M
2023: €734k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€20.35M-€20.99M▲ 3.1%€21.27M▲ 1.3%€23.22M▲ 9.2%€23.29M▲ 0.3%
Equity€6.65M-€6.90M▲ 3.9%€6.88M▼ 0.3%€5.72M▼ 16.9%€5.23M▼ 8.5%
Operating result€-41k-€417k€-273k€-1.05M▼ 285%€-1.56M▼ 48.8%
Net result€-146k-€256k€-19k€-1.17M▼ 6,103%€-1.82M▼ 55.8%
Result per fiscal year
Operating resultNet result
The operating result is €-1.56M in 2025, compared with €-1.05M in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €17.49M
Fixed assets
€7.83M ▲ 7.8%
Current assets
€9.66M ▲ 20.1%
Equity and liabilities €17.49M
Equity
€5.23M ▼ 8.5%
Provisions
€0 ▼ 100%
Debt
€12.26M ▲ 28.9%
Debt's share of the balance-sheet total rises from 62.1% to 70.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-286k▼
2023 · €-4k
Cash flow
€-541k▼
2023 · €-121k
Current ratio
1.05▼
2023 · 1.10
Quick ratio
0.72▲
2023 · 0.61
Debt to equity
2.34▲
2023 · 1.66
ROE
-34.7%▼
2023 · -20.4%
ROA
-10.4%▼
2023 · -7.6%
Interest coverage
-1.19▼
2023 · -0.02
Debt ≤ 1 year
€9.18M▲
2023 · €7.31M
Debt > 1 year
€3.07M▲
2023 · €2.06M
Income taxes
€3k
Staff costs
€8.18M▲
2023 · €6.78M
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 2023 · 94 lines
Balance sheet
Code20232025
Assets
Total assets20/58€15.31M€17.49M▲
Fixed assets21/28€7.27M€7.83M▲
Intangible fixed assets21€308k€1.96M▲
Tangible fixed assets22/27€5.61M€5.87M▲
Land and buildings22€3.93M€3.51M▼
Plant, machinery and equipment23€657k€675k▲
Furniture and vehicles24€138k€92k▼
Leasing and similar rights25€882k€1.60M▲
Financial fixed assets28€1.35M€5k▼
Affiliated companies280/1€1.35M-
Participating interests280€1.30M-
Amounts receivable281€50k-
Other financial fixed assets284/8-€5k
Amounts receivable and cash guarantees285/8-€5k
Current assets29/58€8.04M€9.66M▲
Stocks and contracts in progress3€3.62M€3.08M▼
Stocks30/36€3.55M€3.08M▼
Raw materials and consumables30/31€1.85M€1.29M▼
Work in progress32€601k€733k▲
Finished goods33€1.02M€825k▼
Goods purchased for resale34€74k€237k▲
Contracts in progress37€67k-
Amounts receivable within one year40/41€4.15M€5.63M▲
Trade receivables40€4.09M€5.47M▲
Other amounts receivable41€59k€159k▲
Cash at bank and in hand54/58€205k€813k▲
Deferred charges and accrued income490/1€70k€138k▲
Equity and liabilities
Total equity and liabilities10/49€15.31M€17.49M▲
Equity10/15€5.72M€5.23M▼
Contributions10/11€1.07M€1.07M=
Capital10€1.07M€1.07M=
Issued capital100€1.07M€1.07M=
Reserves13€1.17M€1.17M=
Non-distributable reserves130/1€108k€108k=
Legal reserve130€107k€107k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€84k€84k=
Distributable reserves133€980k€980k=
Profit (loss) carried forward14€3.48M€2.99M▼
Provisions and deferred taxes16€78k-
Provisions for liabilities and charges160/5€78k-
Other liabilities and charges164/5€78k-
Amounts payable17/49€9.51M€12.26M▲
Amounts payable after more than one year17€2.06M€3.07M▲
Financial debts170/4€2.06M€2.64M▲
Leasing and similar obligations172€771k€874k▲
Credit institutions173€1.29M€1.76M▲
Other amounts payable178/9-€437k
Amounts payable within one year42/48€7.31M€9.18M▲
Current portion of amounts payable after more than one year42€965k€1.04M▲
Financial debts43€3.17M€3.35M▲
Credit institutions430/8€3.17M€2.80M▼
Other loans439-€549k
Trade debts44€1.95M€2.98M▲
Suppliers440/4€1.95M€2.98M▲
Advances received on contracts in progress46€210k€91k▼
Taxes, remuneration and social security45€1.00M€1.73M▲
Taxes450/3€196k€261k▲
Remuneration and social security454/9€806k€1.47M▲
Accrued charges and deferred income492/3€146k€4k▼
Income statement
Code20232025
Operating income70/76A€23.54M€29.14M▲
Turnover70€23.22M€23.29M▲
Change in stocks of work in progress, finished goods and contracts in progress71€149k€-417k▼
Own construction capitalised72€48k-
Other operating income74€122k€4.99M▲
Non-recurring operating income76A-€1.28M
Operating charges60/66A€24.59M€30.70M▲
Goods for resale, raw materials and consumables60€8.36M€9.86M▲
Purchases600/8€7.77M€9.47M▲
Change in stocks: decrease (increase)609€594k€385k▼
Services and other goods61€8.37M€5.07M▼
Remuneration, social security and pensions62€6.78M€8.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.05M€1.28M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-59k€-31k▲
Other operating charges640/8€91k€4.85M▲
Non-recurring operating charges66A-€1.49M
Operating profit (loss)9901€-1.05M€-1.56M▼
Financial income75/76B€130k€47k▼
Recurring financial income75€130k€47k▼
Income from current assets751-€43
Other financial income752/9€130k€47k▼
Financial charges65/66B€247k€299k▲
Recurring financial charges65€247k€299k▲
Debt charges650€189k€240k▲
Other financial charges652/9€58k€59k▲
Profit (loss) for the period before taxes9903€-1.17M€-1.81M▼
Income taxes67/77-€3k
Taxes670/3-€4k
Tax adjustments and reversals of tax provisions77-€657
Profit (loss) for the period9904€-1.17M€-1.82M▼
Profit (loss) for the period to be appropriated9905€-1.17M€-1.82M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.48M€2.99M▼
Profit (loss) brought forward from the previous period14P€4.65M€4.81M▲
Social balance
Average headcount (FTE)908794.4107.7▲
The notes to these accounts (88 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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 49 days late
14-09
State Gazette act
Reappointments: NV CALLENS VANDELANOTTE, Tom Deschildre and 4 othersPermanent representatives: Filip Remmery and Joseph Lano9 facts ▸
State Gazette act
Reappointments: NV CALLENS VANDELANOTTE, Tom Deschildre and 4 others
Permanent representatives: Filip Remmery and Joseph Lano9 facts ▸
- Auditor reappointment, NV CALLENS VANDELANOTTE (statutory auditor)
- Permanent representative, Filip Remmery (permanent representative)
- Director reappointment, Tom Deschildre (director)
- Director reappointment, Benoit Graulich (director)
- Director reappointment, Jan Smedts (director)
- Director reappointment, Alexis Bogaert (director)
- Director reappointment, BV JLMV (director)
- Permanent representative, Joseph Lano (permanent representative)
- Director reappointment, Tom Deschildre (managing director)
2025
31-12
Financial
Weakest financial yearnet €-1.82M
Net result drops to €-1.82M, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €256k
Net result €256k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €880k ▲18.7%
Operating result €1.31M, net result €880k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 33 acts read
About the unread acts
Of the 33 Belgian State Gazette acts we know for this company, 1 has been read. The other 32 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26115299). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Alexis Bogaert
CurrentDirector · since 08-05-2026
Benoit Graulich
CurrentDirector · since 08-05-2026
Jan Smedts
CurrentDirector · since 08-05-2026
JLMV
CurrentDirector · since 08-05-2026 · Private limited company · perm. rep.: Joseph Lano
Tom Deschildre
CurrentDirector · since 08-05-2026
08-05-2026
Alexis Bogaert: Mandate renewed as Director
08-05-2026
Benoit Graulich: Mandate renewed as Director
08-05-2026
Jan Smedts: Mandate renewed as Director
08-05-2026
JLMV: Mandate renewed as Director
08-05-2026
Tom Deschildre: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
32 of this company's 33 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2014
Ground area
1.9 ha
Building footprint
1.2 ha
Parcel 34016B0667/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
Industrielaan(Heu) 5, 8501 Kortrijk
since 20142.231.247.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0667/00W000 | Flanders | 1.9 ha | 1 · 1.2 ha | - |
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| CALLENS VANDELANOTTECurrent Statutory auditor · represented by Filip Remmery | 16-05-2025 → present |
Structure & network
Connections & network
3 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 41,802 EUR awarded · 43,020 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 9,454 EUR | 9,678 EUR |
| 2024 | 3 | 8,954 EUR | 8,785 EUR |
| 2023 | 3 | 16,736 EUR | 17,981 EUR |
| 2022 | 2 | 6,658 EUR | 6,576 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 5 endedOperator digitaal drukken in de printmedia/papier- en kartonverwerking duaal (so)
Productiemedewerker drukafwerking in de printmedia duaal (so)
Show 5 ended approvals
Rotatiedrukker duaal (so)
Drukafwerker (so)
Operator digitaal drukken in de printmedia/papier- en kartonverwerking duaal (so)
Offsetrotatie- en flexodrukker duaal (so)
Drukafwerker (so)
Legal Entity Identifier
5493005WURKH6OB4ZV83
Similar companies · same sector, comparable size
LABEL PRODUCTS
BE 0441.192.622
Waregem · Eq €4.36M
CIREPA
BE 0436.688.654
Ath · Eq €6.32M
Zenith Graphics
BE 0402.650.364
Dilbeek · Eq €4.17M
Prieure de l'Union des Eglises
BE 0410.526.764
Ciney · Eq €3.94M
MILLER GRAPHICS ROESELARE
BE 0441.086.912
Roeselare · Eq €7.28M
Of 2,855 companies in sector 18130 we hold annual accounts for 832. 78 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 formPublic limited company
Founded28-06-1978
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 65 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.