Summary
INVALE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €29.0m and a net result of €10.2m. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 92% of 2413 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €29.0m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
24 d early
2023
7 d early
2022
32 d early
2021
86 d early
2020
23 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?OMNIVALE · 10 companies What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#2 company by equity in Schilde, Finance and insurance sector#4 company by total assets in Schilde, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€29.0m▲ 54.3%
2024 · €18.8m
Net result
€10.2m
2024 · -€124,238
Total assets
€29.4m▲ 55.3%
2024 · €18.9m
Solvency
98.7%▼ 0.6pp
2024 · 99.4%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€166,247
Operating result-€210,337▲ 4.2%-€219,754▼ 4.5%-€340,316▼ 54.9%-€462,025▼ 35.8%-€603,043▼ 30.5%
Net result€652,564▲ 980%€25,885▼ 96.0%-€164,620-€124,238▲ 24.5%€10.2m
Equity€19.1m▲ 3.5%€19.1m▲ 0.1%€18.9m▼ 0.9%€18.8m▼ 0.7%€29.0m▲ 54.3%
Total assets€19.1m▲ 3.6%€19.1m▲ 0.3%€19.0m▼ 0.8%€18.9m▼ 0.2%€29.4m▲ 55.3%
Debt€6,316▲ 68.4%€31,100▲ 392%€36,455▲ 17.2%€115,286▲ 216%€368,554▲ 220%
Working capital€7.3m▼ 5.3%€7.3m▲ 0.4%€7.2m▼ 2.0%€5.9m▼ 17.2%€17.8m▲ 201%
Solvency100.0%=99.8%▼ 0.1pp99.8%=99.4%▼ 0.4pp98.7%▼ 0.6pp
Staff (FTE)00
Why a figure moved sharply
- 2025 Equity +54%, Total assets +55% on 2024. Cause not known from the registers.
- 2022 Net result -96% on 2021. Cause not known from the registers.
- 2021 Net result +980% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €603,043 in 2025 against €462,025 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.4m
Fixed assets
€11.2m ▼ 13.2%
Current assets
€18.2m ▲ 201%
Equity and liabilities €29.4m
Equity
€29.0m ▲ 54.3%
Debt
€368,554 ▲ 220%
Debt's share of the balance-sheet total rises from 0.6% to 1.3%. Equity and debt are higher.
Key figures and ratios
ROE
35.2%▲
2024 · -0.7%
ROA
34.7%▲
2024 · -0.7%
Debt ≤ 1 year
€368,554▲
2024 · €115,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €166,247 | - |
| Turnover70 | - | - | - | - | €166,247 | - |
| Operating charges60/66A | - | - | - | - | €769,290 | - |
| Services and other goods61 | - | - | - | - | €759,484 | - |
| Other operating charges640/8 | €13,152 | €10,802 | €10,701 | €10,959 | €9,806 | ▼ 10.5% |
| Gross operating margin9900 | -€197,184 | -€208,952 | -€329,615 | -€451,066 | - | - |
| Operating profit (loss)9901 | -€210,337 | -€219,754 | -€340,316 | -€462,025 | -€603,043 | ▼ 30.5% |
| Financial income75/76B | €866,928 | €247,269 | €187,600 | €500,299 | €10.9m | ▲ 2,085% |
| Recurring financial income75 | €866,928 | €247,269 | €187,600 | €500,299 | €1.9m | ▲ 279% |
| Income from financial fixed assets750 | - | - | - | - | €1.7m | - |
| Income from current assets751 | - | - | - | - | €101,186 | - |
| Other financial income752/9 | - | - | - | - | €54,413 | - |
| Non-recurring financial income76B | - | - | - | - | €9.0m | - |
| Financial charges65/66B | €4,027 | €1,630 | €11,904 | €162,513 | €127,514 | ▼ 21.5% |
| Recurring financial charges65 | €4,027 | €1,630 | €11,904 | €160,413 | -€28,548 | ▼ 118% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | -€29,200 | - |
| Other financial charges652/9 | - | - | - | - | €652 | - |
| Non-recurring financial charges66B | - | - | - | €2,100 | €156,063 | ▲ 7,332% |
| Profit (loss) for the period before taxes9903 | €652,564 | €25,885 | -€164,620 | -€124,238 | €10.2m | ▲ 8,312% |
| Profit (loss) for the period9904 | €652,564 | €25,885 | -€164,620 | -€124,238 | €10.2m | ▲ 8,312% |
| Profit (loss) for the period to be appropriated9905 | €652,564 | €25,885 | -€164,620 | -€124,238 | €10.2m | ▲ 8,312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.1m | €19.1m | €19.0m | €18.9m | €29.4m | ▲ 55.3% |
| Fixed assets21/28 | €11.8m | €11.8m | €11.8m | €12.9m | €11.2m | ▼ 13.2% |
| Financial fixed assets28 | €11.8m | €11.8m | €11.8m | €12.9m | €11.2m | ▼ 13.2% |
| Affiliated companies280/1 | - | - | - | - | €11.2m | - |
| Participating interests280 | - | - | - | - | €10.9m | - |
| Amounts receivable281 | - | - | - | - | €216,580 | - |
| Current assets29/58 | €7.3m | €7.3m | €7.2m | €6.0m | €18.2m | ▲ 201% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €146,585 | €151,624 | €188,650 | €153,896 | €129,159 | ▼ 16.1% |
| Trade receivables40 | €82,468 | €76,525 | €115,094 | €104,551 | €82,243 | ▼ 21.3% |
| Other amounts receivable41 | €64,117 | €75,099 | €73,555 | €49,345 | €46,916 | ▼ 4.9% |
| Current investments50/53 | €6.9m | €7.0m | €6.9m | €5.8m | €5.4m | ▼ 6.1% |
| Other investments51/53 | - | - | - | - | €5.4m | - |
| Cash at bank and in hand54/58 | €216,066 | €167,829 | €66,175 | €86,358 | €12.6m | ▲ 14,504% |
| Deferred charges and accrued income490/1 | €2,916 | €3,241 | €2,916 | €3,367 | €9,962 | ▲ 196% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.1m | €19.1m | €19.0m | €18.9m | €29.4m | ▲ 55.3% |
| Equity10/15 | €19.1m | €19.1m | €18.9m | €18.8m | €29.0m | ▲ 54.3% |
| Contributions10/11 | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Capital10 | €18.0m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Issued capital100 | €24.0m | €24.0m | €24.0m | €24.0m | €24.0m | = |
| Uncalled capital101 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Reserves13 | €57,682 | €58,976 | €58,976 | €58,976 | €569,087 | ▲ 865% |
| Non-distributable reserves130/1 | €57,682 | €58,976 | €58,976 | €58,976 | €569,087 | ▲ 865% |
| Legal reserve130 | €57,682 | €58,976 | €58,976 | €58,976 | €569,087 | ▲ 865% |
| Profit (loss) carried forward14 | €999,128 | €1.0m | €859,100 | €734,861 | €10.4m | ▲ 1,319% |
| Amounts payable17/49 | €6,316 | €31,100 | €36,455 | €115,286 | €368,554 | ▲ 220% |
| Amounts payable within one year42/48 | €6,316 | €31,100 | €36,455 | €115,286 | €368,554 | ▲ 220% |
| Trade debts44 | €6,316 | €31,100 | €36,455 | €42,273 | €329,124 | ▲ 679% |
| Suppliers440/4 | €6,316 | €31,100 | €36,455 | €42,273 | €329,124 | ▲ 679% |
| Taxes, remuneration and social security45 | - | - | - | - | €25,000 | - |
| Taxes450/3 | - | - | - | - | €25,000 | - |
| Other amounts payable47/48 | - | - | - | €73,013 | €14,430 | ▼ 80.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €652,564 | €25,885 | -€164,620 | -€124,238 | €10.2m | ▲ 8,312% |
| Operating cash flow (approximation) | €652,564 | €25,885 | -€164,620 | -€124,238 | €10.2m | ▲ 8,312% |
| Investment in fixed assets (approximation) | - | €0 | €22,094 | -€1.1m | €1.7m | ▲ 253% |
| Change in cash | - | -€48,237 | -€101,654 | €20,182 | €12.5m | ▲ 61,960% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital · Philip Vertessen
2025
31-12
Financial
Back to profitnet €10.2m
Net result €10.2m after 2 loss-making years.
31-12
Financial
Equity above €25mEq €29.0m ▲54.3%
Equity rises from €18.8m to €29.0m.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€164,620
Net result drops to -€164,620, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2050.87
Current ratio from 640.15 to 2050.87; short-term debt falls from €16,626 to €3,750.
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €123,671
Net result €123,671 after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Schilde · 1 establishment unit since 2013
Ground area
3,997 m²
Building footprint
323 m²
Volume, LiDAR
1,760 m³
Parcel 11041C0203/00G002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
INVALE
since 20132.235.793.778
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0203/00G002 | Flanders | 3,997 m² | 1 · 323 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
OMNIVALE
10 companies
Group, risk and exposure
Owners and holdings
1 owner · 7 holdings · 8 subsidiaries in the treeChain of control
- OMNIVALE
- INVALE
Highest known parent: OMNIVALE. The sources do not say who stands above it.
Owners 1
- OMNIVALEparentSourceown accounts 202598.75%
Holdings 7
-
72.9%
-
70%
-
58.33%
-
52%
-
48.5%
-
46.9%
-
27.84%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ELNOR HOLDING 72.9%1 subsidiary
- ELNOR MOTORS 100%
- Karga 70%
- UNICUM TRADE BOTANICALS 58.33%
PETRAEA 52%3 subsidiaries
According to the 2025 annual accounts of INVALE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 3,553 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540994437
Also
9925:BE0540994437
Registered
17-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.