Skip to content

INVASA

Active
Private limited companyfounded 198936 yrs activeNaastveldstraat 154, 9160 Lokeren, BelgiumKBO/BCE: BE 0438.770.788
Summary

INVASA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,954 and a net result of -€3,598. Equity is shrinking by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability23▲+1
Solvency40=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 81.5% and cash: 0.1% of total assets), and 85% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
raises risk · 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
15%
Return on assets
-0.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,598
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
58 d early
2023
57 d early
2022
26 d early
2021
23 d early
2020
1 d early
2019
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 18 October 1989, INVASA was incorporated.1 Total assets went from EUR 746,156 in 2018 to EUR 714,107 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€106,954▼ 3.3%
2023 · €110,552
Total assets
€714,107▼ 0.2%
2023 · €715,352
Net result
-€3,598▲ 12.4%
2023 · -€4,109
Working capital
-€580,659▼ 1.8%
2023 · -€570,285
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
Line20202021202220232024
Operating result-€44-€582▼ 1,236%-€28,669▼ 4,825%-€1,515▲ 94.7%-€1,456▲ 3.9%
Net result-€2,104▼ 6.7%-€2,420▼ 15.0%-€30,285▼ 1,152%-€4,109▲ 86.4%-€3,598▲ 12.4%
Equity€147,366▼ 1.4%€144,946▼ 1.6%€114,661▼ 20.9%€110,552▼ 3.6%€106,954▼ 3.3%
Total assets€744,363▼ 0.2%€742,106▼ 0.3%€721,926▼ 2.7%€715,352▼ 0.9%€714,107▼ 0.2%
Debt€596,997=€597,160=€607,264▲ 1.7%€604,800▼ 0.4%€607,153▲ 0.4%
Working capital-€523,003▼ 2.4%-€535,781▼ 2.4%-€557,806▼ 4.1%-€570,285▼ 2.2%-€580,659▼ 1.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2020: -€44-€44Net result 2020: -€2,104-€2,104Operating result 2021: -€582-€582Net result 2021: -€2,420-€2,420Operating result 2022: -€28,669-€28,669Net result 2022: -€30,285-€30,285Operating result 2023: -€1,515-€1,515Net result 2023: -€4,109-€4,109Operating result 2024: -€1,456-€1,456Net result 2024: -€3,598-€3,59820202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€28,669-€28,700Net result 2022: -€30,285-€30,300Operating result 2023: -€1,515-€1,520Net result 2023: -€4,109-€4,110Operating result 2024: -€1,456-€1,460Net result 2024: -€3,598-€3,600202220232024
The operating result stays negative: a loss of €1,456 in 2024 against €1,515 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €714,107
Fixed assets €712,556 ▼ 0.4%
Current assets €1,551 ▲ 1,413%
Equity and liabilities €714,107
Equity €106,954 ▼ 3.3%
Debt €607,153 ▲ 0.4%
Debt's share of the balance-sheet total rises from 84.5% to 85.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1,237▼
2023 · €1,388
Cash flow
-€905▲
2023 · -€1,205
Current ratio
0.00▲
2023 · 0.00
Debt to equity
5.68▲
2023 · 5.47
ROE
-3.4%▲
2023 · -3.7%
ROA
-0.5%▲
2023 · -0.6%
Interest coverage
0.58▲
2023 · 0.54
Debt ≤ 1 year
€582,211▲
2023 · €570,387
Debt > 1 year
€24,942▼
2023 · €34,412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
1.8% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€715,352€714,107▼
Fixed assets21/28€715,249€712,556▼
Tangible fixed assets22/27€715,249€712,556▼
Land and buildings22€715,249€712,556▼
Current assets29/58€103€1,551▲
Cash at bank and in hand54/58€103€1,003▲
Deferred charges and accrued income490/1€0€549▲
Equity and liabilities
Total equity and liabilities10/49€715,352€714,107▼
Equity10/15€110,552€106,954▼
Contributions10/11€600,000€600,000=
Revaluation surpluses12€647,635€647,635=
Reserves13€22,238€22,238=
Distributable reserves133€22,238€22,238=
Profit (loss) carried forward14-€1.2m-€1.2m▼
Amounts payable17/49€604,800€607,153▲
Amounts payable after more than one year17€34,412€24,942▼
Financial debts170/4€34,412€24,942▼
Amounts payable within one year42/48€570,387€582,211▲
Current portion of amounts payable after more than one year42€9,008€9,470▲
Trade debts44€5€0▼
Suppliers440/4€5€0▼
Other amounts payable47/48€561,374€572,741▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,904€2,694▼
Other operating charges640/8€606€617▲
Gross operating margin9900€1,994€1,855▼
Operating profit (loss)9901-€1,515-€1,456▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€2,594€2,148▼
Recurring financial charges65€2,594€2,148▼
Profit (loss) for the period before taxes9903-€4,109-€3,598▲
Profit (loss) for the period9904-€4,109-€3,598▲
Profit (loss) for the period to be appropriated9905-€4,109-€3,598▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.2m-€1.2m▼
Profit (loss) brought forward from the previous period14P-€1.2m-€1.2m▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€18,619€2,904€2,694▼ 7.2%
Other operating charges640/8-€1,078€564€606€617▲ 1.9%
Gross operating margin9900€1,033€496-€9,486€1,994€1,855▼ 7.0%
Operating profit (loss)9901-€44-€582-€28,669-€1,515-€1,456▲ 3.9%
Financial income75/76B----€5-
Recurring financial income75----€5-
Financial charges65/66B-€1,838€1,616€2,594€2,148▼ 17.2%
Recurring financial charges65€2,060€1,838€1,616€2,594€2,148▼ 17.2%
Profit (loss) for the period before taxes9903-€2,104-€2,420-€30,285-€4,109-€3,598▲ 12.4%
Profit (loss) for the period9904-€2,104-€2,420-€30,285-€4,109-€3,598▲ 12.4%
Profit (loss) for the period to be appropriated9905-€2,104-€2,420-€30,285-€4,109-€3,598▲ 12.4%
Line20202021202220232024Change
Assets
Total assets20/58€744,363€742,106€721,926€715,352€714,107▼ 0.2%
Fixed assets21/28€736,772€736,772€718,153€715,249€712,556▼ 0.4%
Tangible fixed assets22/27€736,772€736,772€718,153€715,249€712,556▼ 0.4%
Land and buildings22-€736,772€718,153€715,249€712,556▼ 0.4%
Current assets29/58€7,592€5,334€3,773€103€1,551▲ 1,413%
Cash at bank and in hand54/58€148€111€29€103€1,003▲ 878%
Deferred charges and accrued income490/1-€5,223€3,744€0€549-
Equity and liabilities
Total equity and liabilities10/49€744,363€742,106€721,926€715,352€714,107▼ 0.2%
Equity10/15€147,366€144,946€114,661€110,552€106,954▼ 3.3%
Contributions10/11€600,000€600,000€600,000€600,000€600,000=
Capital10-€600,000----
Issued capital100-€600,000----
Revaluation surpluses12-€647,635€647,635€647,635€647,635=
Reserves13€22,238€22,238€22,238€22,238€22,238=
Distributable reserves133-€22,238€22,238€22,238€22,238=
Profit (loss) carried forward14-€1.1m-€1.1m-€1.2m-€1.2m-€1.2m▼ 0.3%
Amounts payable17/49€596,997€597,160€607,264€604,800€607,153▲ 0.4%
Amounts payable after more than one year17€65,535€55,179€45,686€34,412€24,942▼ 27.5%
Financial debts170/4-€55,179€45,686€34,412€24,942▼ 27.5%
Amounts payable within one year42/48€530,595€541,115€561,578€570,387€582,211▲ 2.1%
Current portion of amounts payable after more than one year42-€10,357€10,358€9,008€9,470▲ 5.1%
Trade debts44--€353€5€0▼ 100%
Suppliers440/4--€353€5€0▼ 100%
Other amounts payable47/48-€530,758€550,867€561,374€572,741▲ 2.0%
Accrued charges and deferred income492/3-€866€0---
Line20202021202220232024Change
Profit (loss) for the period9904-€2,104-€2,420-€30,285-€4,109-€3,598▲ 12.4%
+ Depreciation and write-downs630--€18,619€2,904€2,694▼ 7.2%
Operating cash flow (approximation)-€2,104-€2,420-€11,667-€1,205-€905▲ 24.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€37-€83€74€900▲ 1,120%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
03-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€30,285
Net result drops to -€30,285, the lowest in the series; recovery starts the following year.
08-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Lokeren · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
3,982 m²
Building footprint
254 m²
Volume, LiDAR
1,148 m³
Parcel 46382B0215/00E000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Naastveldstraat 154, 9160 Lokeren
NACE 70201
since 19892.046.580.135
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46382B0215/00E000 Flanders 3,982 m² 1 · 254 m² 8.3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded18-10-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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