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CPH SOLUTIONS

Active Private limited companyfounded 2024active for 2 yearsElsaute 28, 4890 Thimister-ClermontKBO/BCE: BE 1011.546.880

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €40,605 (2025)
€40,605▲ 87.0%
peak €28,953 (2025)
€28,953▲ 86.7%
peak €46,461 (2025)
€46,461▲ 165%
€2,930▼ 65.8%
Board1 name since 2024
Documentsfilings and deeds
27-05-202665 days before the deadline
2025micro format
Gross margin from €21,711 to €40,605Result from €15,508 to €28,953Equity from €17,508 to €46,461Debts from €8,572 to €2,930Cash from €19,881 to €41,609

Key points

from the 2025 annual accounts

Investments

€2,057 914.1 × depreciation

Green is investment, beige is depreciation.

Liquidity

16.16 was 3.04 in 2024

Short-term debts fell from €8,572 to €2,930.

Position in the sector

94.1%

Higher solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,125 companies.

Checked score

93
Excellent
Financially stronger than 94% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 08-2025: 0.3% 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.2%▼ -0.2 percentage points vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

100+8equity 94.1% of total assets
100+14short-term debt 5.9% · cash 84.2%
100=return on assets 58.6%

Score breakdown

raises risk
Founded in 2024
Size: total assets €49,391
lowers risk
Liquidity: current ratio 16.16, cash €41,609
Equity €46,461 (94.1% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 92% on profitability and 95% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 39,278 companies had the same profile as CPH SOLUTIONS has now. Each dot stands for 99 companies, two years later.

95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of CPH SOLUTIONS itself is lower: 0.2% within 12 months. It rests on far more data about CPH SOLUTIONS than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for CPH SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €4,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 16.16 (3.04 in 2024), above the usual 1.5. Short-term debt is 5.9% and cash 84.2% of total assets. 5.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 16.16, cash €41,609
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €49,391
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €46,461 (94.1% of total assets)
NBB · annual accounts
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 27-05-2026, 65 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
65 days early
2024
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 48 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Board and ownership

CP
Director, since 15-07-2024
  • COLLARD Philippe André Thérèse Ghislain 100 sharesdeed of 17-07-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1011546880
Incorporation Founding capital of €2,000, 100 shares · Founder: COLLARD Philippe André Thérèse Ghislain · Appointment: COLLARD Philippe André Thérèse Ghislain (director) · published on 17-07-2024 · Gazette deed
First establishment Elsaute 28, Thimister-Clermont
All 6 events

Comparable companies

same main activity, similar in size and age
Company
CPH SOLUTIONS Thimister-Clermont €49,391 €40,605 94.1% -
AZEMI CONSTRUCTION Eupen €56,301 €41,751 60.6% -
LAR BELGIUM SERVICES Sint-Gillis (bij-Brussel) €51,095 €44,003 71.1% -
WRA CONCEPT La Louvière €43,309 €40,772 86.8% -
OAV Ghent €52,815 €34,439 62.8% -
AL. BATIM Grez-Doiceau €45,874 €47,155 40.6% -
Crea Renov + Zaventem €45,535 €42,449 65.4% -

These companies have the same main activity as CPH SOLUTIONS: site preparation (NACE 43120). They are comparable in size and age: total assets between €43,300 and €56,300, founded in 2024.

Official details

Source: KBO
Status
Active since 15-07-2024Normal situation
Activity
Site preparationNACE 43120and 5 others
Establishment unit
2.362.350.3714890 Thimister-Clermont, since 15-07-2024
Financial year end
31 December
Peppol
Reachable since 19-11-2025
Company details

Annual accounts 2025

€40,605▲ 87.0%
≈ €230,000estimated
€28,953▲ 86.7%
€46,461▲ 165%
€49,391▲ 89.4%
Filing
Filed on 27-05-2026, 65 days before the end of the filing period
Financials

Insights on CPH SOLUTIONS

CPH SOLUTIONS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,461 and a net result of €28,953.

Its solvency ranks better than 95% of 35,125 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-05-2026, 65 days before the deadline
€40,605
▲ 87.0%
€40,203
▲ 88.5%
€28,953
▲ 86.7%
€44,407
▲ 154%
94.1%
▲ 26.9 percentage points
16.16
▲ 13.11

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €230,000. Estimated: probably between €150,000 and €490,000.

Balance sheet

balance sheet total €49,391 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

94.1%

Higher than 95% of 35,125 companies in 2025.

16.16

Higher than 95% of 34,499 companies in 2025.

58.6%

Higher than 95% of 34,700 companies in 2025.

CPH SOLUTIONS Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 49,39126,080
21/28 2,054-
22/27 2,054-
26 2,054-
29/58 47,33726,080
40/41 4,8475,870
40 3,2345,870
41 1,613-
54/58 41,60919,881
490/1 880329
Balance sheet: equity and liabilities
10/49 49,39126,080
10/15 46,46117,508
10/11 2,0002,000
13 44,46115,508
133 44,46115,508
17/49 2,9308,572
42/48 2,9308,572
44 5616
440/4 5616
45 2,8748,556
450/3 2,8748,556
Income statement
9900 40,60521,711
630 2-
640/8 400387
9901 40,20321,323
65/66B 375-
65 375-
9903 39,82721,323
67/77 10,8745,815
9904 28,95315,508
9905 28,95315,508
Appropriation of the result
9906 28,95315,508
691/2 28,95315,508
6921 28,95315,508
Document PDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 27-05-2026 2026-00122160 PDF
31-12-2024 micro format 01-07-2025 2025-00205436 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
40,205-
28,955-
2,057-
21,728-
44,40717,508
94.1%67.1%
16.163.04
0.060.49
62.3%88.6%
58.6%59.5%
over 100-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024
Tangible fixed assets€2,057-
€2-

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on CPH SOLUTIONS

The operating result for 2025 is 89% higher than in 2024.

Debt's share of the balance-sheet total falls from 32.9% to 5.9%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 15-07-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 27-05-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
COLLARD Philippe André Thérèse Ghislain
Director (not named in the articles)
Board
Mandates as a list
  • COLLARD Philippe André Thérèse Ghislain
    • Director (not named in the articles), from 15-07-2024 to date

See the board, name and registered office on a given date →

Control

This company
CPH SOLUTIONS
Equity €46,461
Profit €28,953 in 2025

Capital

Contribution
€2,000
Shares
100
Contribution per share
€20
Equity per share
€465 in 2025
Source
deed of 17-07-2024

Articles of association

deed of 17-07-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs proportionnellement si plusieurs, cessions entre vifs même à un actionnaire,au conjoint du cédant ou du…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of May at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 17-07-2024 ↗

Network & group

No group

CPH SOLUTIONS has no parent and no holdings in its annual accounts. COLLARD Philippe André Thérèse Ghislain is the only director.

Earlier ties

TT SERVICES
via COLLARD Philippe André Thérèse Ghislain, no longer at TT SERVICES · Director · deed of 18-03-2020
founded in 2007
total assets €1.5m (2025)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

6 events since 2024

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 65 days before the deadline
2025
Liquidity more than 5 times current ratio 16.16 The current ratio rises from 3.04 to 16.16. Short-term debt falls from €8,572 to €2,930.
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011546880
Annual accounts 2024 filed NBBmicro format · 30 days before the deadline
2024
IncorporationFounding capital of €2,000, 100 shares · Founder: COLLARD Philippe André Thérèse Ghislain · Appointment: COLLARD Philippe André Thérèse Ghislain (director) · published on 17-07-20244 points ▸

Open the deed in the Belgian Official Gazette

First establishment Elsaute 28, Thimister-Clermont

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 15 July 2024, CPH SOLUTIONS was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 COLLARD Philippe André Thérèse Ghislain has served as director since 2024.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-07-2024
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
1011.546.880
VAT number
BE 1011.546.880
Peppol ID
0208:1011546880
Legal form
Private limited company
Status
Active, normal situation
Founded
15-07-2024
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of May at 18:00
deed of 17-07-2024 (in French)
Peppol
Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CPH SOLUTIONS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-07-2024 (in French)

Activities

NACEBEL 2025
43120 Site preparation main activity
Codes under NACEBEL 2008
43120 Site preparation main activity
43211 Specialised construction activities
43212 Specialised construction activities
43291 Specialised construction activities
70220 Business consulting
71113 Architectural and engineering activities; technical testing and analysis
PurposeThe purpose describes the activities the company may carry out under its articles.
“La contribution à l'établissement, au fonctionnement et au développement d'autres entreprises et notamment : l'activité de conseil en…”
32 activities
  1. La contribution à l'établissement, au fonctionnement et au développement d'autres entreprises et notamment : l'activité de conseil en matière salariale, sociale, commerciale, informatique ou administrative, au sens large ; l’activité de conseil technique ; la facturation pour compte de tiers ; l'assistance et la fourniture de services, directement ou indirectement, dans les domaines commerciaux, administratifs et informatiques, dans les ventes, la production et la gestion en général
  2. Toutes activités se rapportant à la fourniture de services de secrétariat, à la fourniture de services de conseils en gestion et en management, à la fourniture de services et matériels informatiques, ainsi qu’à l’organisation d’événements
  3. L'exercice de toutes missions d'administration et l'exercice de tous mandats et de fonctions d'administrateur, de directeur, de fondé de pouvoir ou de liquidateur, sans que cette énumération ne soit limitative
  4. Les activités de déménagements, de vide-greniers et de garde meubles
  5. Les activités de transport routier national et international de tous produits et marchandises, tels que matières premières, matières recyclées, débris de construction ou autres, machines, véhicules, engins, appareillages divers, outillages, plantes et fleurs, produits d’alimentation, déchets verts, etc. ; le transport national et international de personnes et d’animaux
  6. Les travaux d’isolation acoustique ou thermique et la pose de cloisons légères, faux plafonds et faux planchers préfabriqués ou non
  7. Le placement de ferronnerie et menuiserie métallique ; le placement de châssis et de portes métalliques
  8. La réalisation de tous travaux de parachèvement
  9. Le ravalement, le sablage et le nettoyage de façades ; le rejointoiement
  10. Le démontage et l’évacuation de déblais de chantiers
  11. L'installation (montage et démontage) d'échafaudages et de plates-formes de travail
  12. La remise en état des lieux après travaux
  13. Le nettoyage de tous bâtiments
  14. Le nettoyage industriel
  15. La maintenance de bâtiments
  16. L’entretien de locaux et machines
  17. L’entretien, le nettoyage et le lavage de vitres
  18. Le démoussage de toits et de corniches
  19. Le curage de fosses septiques et de citernes
  20. L’installation d’articles divers pour l’équipement et la décoration du foyer
  21. Tous travaux d’entreprise d’aménagement extérieur et de parcs et jardins ; l’aménagement de tous espaces verts, parkings et terrasses ; le pavage et la maçonnerie extérieure ; le drainage et l’égouttage ; le terrassement et le nivellement laser ; les clôtures ; les pièces d’eau ; les chalets
  22. Les dalles de béton ; le gazon et plantations et leur entretien ; l’élagage et l’abattage d’arbres ; l’entreprise de construction et de placement de piscines
  23. L’organisation d’événements publics et privés, notamment de congrès, de salons, de foires d’exposition, de bourses, de défilés, de concours, de manifestations culturelles, éducatives, sportives (motorisées ou non), de concerts, de représentations théâtrales, de fêtes, de foires, d’actions promotionnelles au profit de personnes physiques ou morales, d’associations, d’organisations, d’entreprises et d’institutions publiques ou privées
  24. Toutes activités dans le domaine du web design et de l'infographie, ainsi que la conception, le développement, l’hébergement, la mise en place, la maintenance de sites Web, la conception, la création, la réalisation, l'implémentation de matériel graphique, vidéo, dessin, de layouts internet, de supports de communication ou d'image de marque visuels, sonores et multimédias, par tout type de moyen
  25. Toutes activités d’étude, de conseil et de consultance dans les domaines de l’informatique et de la sécurité informatique ; la consultation, l’expertise, l’ingénierie, l’assistance et toutes prestations de services dans le cadre de la gestion de l’outil informatique des particuliers et des entreprises privées et publiques ; la conception, le développement et la commercialisation sous quelque forme que ce soit de logiciels et programmes informatiques ; l’octroi de licences
  26. Toutes activités dans le domaine de la création, de l'image et de la représentation graphique et du logo ; la création, l’achat, la vente, la collection, la location, l’édition de photographies, la réalisation de photographies et de tirages photographique de tous types pour compte propre ou pour tiers, ainsi que pour tous types d’expression audiovisuel ou artistique ; l’agence de photographes et d’artistes de tous genres
  27. La formation, le perfectionnement et/ou le recyclage des membres du personnel des entreprises, des services publics et des particuliers en toute matière ayant trait aux activités visées dans le présent objet social ; l'organisation de tous séminaires, stages, conférences et formations dans ce domaine
  28. Le commerce sous toutes ses formes, l'achat, la vente (au gros, demi-gros ou détail), l'importation, l'exportation, le transport, le stockage, la distribution, la représentation, la transformation et le courtage de tout produits, matériels et accessoires, généralement quelconque, notamment dans le secteur de la construction (en ce compris le négoce de tous matériaux de construction) et de l’aménagement des espaces extérieurs, dans le secteur de l’informatique et de l’infographie (tous matériels informatiques et électroniques et softwares), en ce compris les denrées alimentaires et les vins, alcools et spiritueux, sous quelque forme et conditionnement que ce soit, y compris en en faisant du commerce en ligne, par correspondance ou itinérant
  29. La constitution, la valorisation et la gestion d'un patrimoine immobilier, notamment la vente, l'échange, l'achat, la construction, la transformation, la démolition, la reconstruction et la restauration ; l'exploitation directe ou en régie, l'entretien, le développement, l'embellissement, la restauration, la location, la prise en location ; la location et l’exploitation de chambres d’hôtes et de gîtes ruraux, meublés ou non, avec ou sans prestation de services annexes tels la restauration, l’animation, etc. ; la gérance d'immeubles bâtis ou non, meublés ou non ; le courtage ; la création de lotissements et de leurs infrastructures et équipements ; la promotion d’immeubles à appartements ou unifamiliaux, la promotion immobilière résidentielle et non résidentielle
  30. La constitution, la valorisation et la gestion d'un patrimoine mobilier ; la prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales, industrielles, financières, mobilières et immobilières et autres entreprises existantes ou à créer ; le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandats au sein desdites sociétés ou entreprises ; l’acquisition de tout intérêt par association, ou apport de capitaux, fusion, souscription, intervention financière ou autrement, dans n’importe quelle société, entreprise ou opération
  31. L'achat, la vente, la cession, l'échange et la gestion de toutes valeurs mobilières, actions, parts sociales, obligations, fonds d'état, de tous biens et droits mobiliers
  32. La prise de participation sous quelque forme que ce soit dans toutes sociétés et entreprises industrielles, commerciales, agricoles, financières, immobilières et autres entreprises existantes ou à créer, ainsi que tous investissements et opérations financières à l'exception de celles réservées par la loi aux banques de dépôt et autres intermédiaires financiers
deed of 17-07-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Elsaute 28 registered office 4890 Thimister-Clermont 15-07-2024 2.362.350.371

Buildings and parcels at the address

Ground area
257 m²
Buildings
62 m²
Volume, LiDAR
523 m³
Tallest building
9.3 m
Buildings to scale, each on its own parcel
62 m², 9.3 m 62 m², 9.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
63017C0717/00B002257 m² 1 · 62 m² 9.3 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1011.546.880