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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INNOTRACK from Bornem, company number BE0689589628, closed financial year 2025 with a result of € 56,193 after tax. For that financial year INNOTRACK recorded a gross margin of € 118,280 and equity of € 109,975. Compared with financial year 2024, the result moved from € 20,080 to € 56,193. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 18, 2026.
€ 109,975
▲ 104% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,193
▲ 180% vs 2024
Profit after tax over the fiscal year.
€ 11,486
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 89,515.
People and assets in 2025
€ 9,293
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 573,641
▼ 4% vs 2024
€ 23,306 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 207,546
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,383
▲ 193% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,619 | € 40,687 | € 66,959 | € 118,280 | ▲ 77% |
| Profit after taxes | € -7,938 | € -4,574 | € 20,080 | € 56,193 | ▲ 180% |
| Equity | € 38,442 | € 33,702 | € 53,782 | € 109,975 | ▲ 104% |
| Total debts | € 602,516 | € 585,128 | € 1,021,699 | € 867,562 | ▼ 15% |
| Cash | € 261,548 | € 116,779 | € 227,611 | € 11,486 | ▼ 95% |
| Land & buildings | € 249,259 | € 394,782 | € 758,103 | € 775,706 | ▲ 2% |
| Retained profit | € 19,842 | € 13,242 | € 33,322 | € 89,515 | ▲ 169% |
| Dividend | € 122,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 215,837 | € 362,889 | € 596,288 | € 573,641 | ▼ 4% |
| Balance sheet total | € 640,958 | € 618,830 | € 1,075,481 | € 977,537 | ▼ 9% |
Key figures of INNOTRACK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to INNOTRACK?
What happened at INNOTRACK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,193 (▲ 180% vs 2024). Source: NBB ↗
- New establishment in Bornem. KBO
- Start of the company according to the CBE. KBO
- Mathieu Verwilst became a director. NBB
In short
From € 7,938 loss in 2022 to € 56,193 profit in 2025.
Paid € 19,881 in corporate taxes since 2022.
Best year ever: 2025, with € 56,193 profit.
Paid out € 122,000 in dividends to the owners in total.
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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
Directors
According to the 2025 annual accounts
Mathieu Verwilst
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Klein-Mechelen(BOR) 55
2880 Bornem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.589.628
- VAT number
- BE 0689.589.628
- Registered office
- Klein-Mechelen(BOR) 55, 2880 Bornem
- Names & denominations
- INNOTRACK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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