Invalides 108

Active

Public limited companyfounded 20188 yrs activeO. Van Goidtsnovenlaan 92, 1190 Vorst, BelgiumKBO/BCE: BE 0695.737.547

Summary

Invalides 108 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-146k) and a net result of €-152k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Watch Print / PDF

Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability25▼-19

Solvency20▼-5

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 4.45 against 3.36 in 2023; short-term debt: 22.5% and cash: 0.7% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-4.6%

Return on assets

-4.8%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

192021222324

2019 to 2024 · latest year €-146k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-10-2025, 86 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

86 d late

2023

91 d late

2022

179 d late

2021

152 d late

2020

88 d late

2019

122 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-152k

2023 · €73k

2019: €2k 2020: €-10k 2021: €8k 2022: €-128k 2023: €73k

2019 → 2024

Working capital

€2.44M▲ 15.8%

2023 · €2.10M

2019: €1.35M 2020: €941k 2021: €2.34M 2022: €3.97M 2023: €2.10M

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€54k-€62k▲ 15.1%€-66k€7k€-146k

Operating result€28k-€69k▲ 149%€-46k€253k€31k▼ 87.7%

Net result€-10k-€8k€-128k€73k€-152k

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 88% below 2023.

Key figures and ratios

2024 value · change against 2023

Solvency

-4.6%▼

2023 · 0.2%

Current ratio

4.45▲

2023 · 3.36

Quick ratio

0.08▼

2023 · 0.16

Debt to equity

-22.54

ROA

-4.8%▼

2023 · 2.4%

Debt

€3.29M▲

2023 · €2.99M

Debt ≤ 1 year

€707k▼

2023 · €891k

Debt > 1 year

€2.52M▲

2023 · €2.04M

Income taxes

€228▲

2023 · €-359

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 · 2024 against 2023 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€3.00M€3.14M▲

Current assets29/58€3.00M€3.14M▲

Stocks and contracts in progress3€2.85M€3.09M▲

Stocks30/36€2.85M€3.09M▲

Amounts receivable within one year40/41€145k€32k▼

Trade receivables40€116k€1k▼

Other amounts receivable41€29k€31k▲

Cash at bank and in hand54/58-€22k

Deferred charges and accrued income490/1€966€896▼

Equity and liabilities

Total equity and liabilities10/49€3.00M€3.14M▲

Equity10/15€7k€-146k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Profit (loss) carried forward14€-55k€-207k▼

Amounts payable17/49€2.99M€3.29M▲

Amounts payable after more than one year17€2.04M€2.52M▲

Financial debts170/4€2.04M€2.50M▲

Other amounts payable178/9€8k€20k▲

Amounts payable within one year42/48€891k€707k▼

Current portion of amounts payable after more than one year42-€18k

Financial debts43€24k€12k▼

Credit institutions430/8€24k€12k▼

Trade debts44€21k€23k▲

Suppliers440/4€21k€23k▲

Taxes, remuneration and social security45€897-

Taxes450/3€897-

Other amounts payable47/48€846k€654k▼

Accrued charges and deferred income492/3€54k€67k▲

Income statement Code20232024

Other operating charges640/8€8k€12k▲

Gross operating margin9900€261k€43k▼

Operating profit (loss)9901€253k€31k▼

Financial income75/76B€1k€2k▲

Recurring financial income75€1k€2k▲

Financial charges65/66B€182k€185k▲

Recurring financial charges65€182k€185k▲

Profit (loss) for the period before taxes9903€73k€-152k▼

Income taxes67/77€-359€228▲

Profit (loss) for the period9904€73k€-152k▼

Profit (loss) for the period to be appropriated9905€73k€-152k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-55k€-207k▼

Profit (loss) brought forward from the previous period14P€-128k€-55k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

25-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 86 days late

2024

31-12

Financial Weakest financial yearnet €-152k ▼309%

Net result drops to €-152k, the lowest in the series.

30-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 91 days late

26-01

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 179 days late

2023

31-12

Financial Back to profitnet €73k

Net result €73k after one loss-making year.

2022

30-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 152 days late

2021

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

27-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 88 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Vorst · 1 establishment unit since 2018

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

O. Van Goidtsnovenlaan 921190 Vorst

Ground area

146 m²

Building footprint

145 m²

Volume, LiDAR

1,171 m³

Parcel 21383B0031/00C007, Brussels · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Invalides 108

O. Van Goidtsnovenlaan 92, 1190 VorstReal estate activities

since 20182.278.493.178

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21383B0031/00C007	Brussels	145 m²	1 · 145 m²	16.6 m · 2 fl.

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.

Similar companies · same sector, comparable size

Watermaal-Bosvoorde · Eq €6,505

Rixensart · Eq €6,427

Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,527 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

Founded07-05-2018

Fiscal year end31-12

Activities, NACEBEL 2025

68110Buying and selling of own real estate

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.