Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INNOPA from Leuven, company number BE0444575645, closed financial year 2025 with a result of € -83,961 after tax. For that financial year INNOPA recorded revenue of € 4.7 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € 40,656 to € -83,961. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 9, 2026.
€ 3.9 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -83,961
▼ still € 40,656 profit in 2024
Profit after tax over the fiscal year.
€ 582
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.7 million.
People and assets in 2025
27.8
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.4 million
▲ 13% vs 2024
€ 122,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 411,766
▼ 38% vs 2024
€ 207,943 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 231,786
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 691,126
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,247,056 | € 4,354,504 | € 4,309,133 | € 4,675,759 | ▲ 9% |
| Profit after taxes | € 556,521 | € 173,746 | € 40,656 | € -83,961 | ▼ € 124,617 |
| Equity | € 3,783,127 | € 3,956,873 | € 3,997,528 | € 3,913,567 | ▼ 2% |
| Total debts | € 2,058,761 | € 1,989,058 | € 1,489,984 | € 1,593,619 | ▲ 7% |
| Cash | € 81,055 | € 79,549 | € 4,709 | € 582 | ▼ 88% |
| Retained profit | € 3,583,127 | € 3,756,873 | € 3,797,528 | € 3,713,567 | ▼ 2% |
| Bank debt | € 1,115,794 | € 931,772 | € 662,694 | € 411,766 | ▼ 38% |
| Balance sheet total | € 5,841,888 | € 5,945,931 | € 5,487,513 | € 5,507,187 | |
| Employees (FTE) | 24 | 24.6 | 24.6 | 27.8 | ▲ 3.2 |
Key figures of INNOPA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INNOPA?
What happened at INNOPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan De Wit stepped down as director. NBB
- Sam Keytsman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 83,961 (▼ € 124,617 vs 2024). filed late Source: NBB ↗
- Jan De Wit became a director. NBB
- Sam Keytsman became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 556,521 profit in 2022 to € 83,961 loss in 2025.
Paid € 358,523 in corporate taxes since 2022.
Best year ever: 2022, with € 556,521 profit.
Pays suppliers within 63 days on average.
A new publication or filing at INNOPA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Jan De Wit (65%) and Artabel Engineering (35%). It owns 100% of Lago Grimbergen Pierebad, 100% of Wetzlarbad and 50% of S&R Group itself.
Directors
According to the 2025 annual accounts
Jan De Wit
Chairman of the board
Owns 65% directly
Also active at: MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP ARTABEL, TRIMAX-YACHTS, ARTABEL Engineering, SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Kortrijk-Zwevegem, WETZLARBAD, S&R Sint-Truiden +6 more
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Jan De Wit · director
65%
Participations
Establishments
Establishment units
Physical locations of this company
Aarschotsesteenweg 225
3012 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.575.645
- VAT number
- BE 0444.575.645
- Registered office
- Aarschotsesteenweg 225, 3012 Leuven
- Names & denominations
- INNOPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1991
- Peppol
- Active · Active since 15 Sept 2025
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