INVECE
ActiveINVECE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €26k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency66▼-2
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.33 in 2024; short-term debt: 59% and cash: 14.8% of total assets), and 59.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
30.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 5 filingsDeviation from the deadline
2025
20 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▲ 4.0%
2024 · €33k
2021: €18k
2022: €24k
2023: €28k
2024: €33k
2021 → 2025
Total assets
€85k▲ 10.1%
2024 · €77k
2021: €73k
2022: €72k
2023: €75k
2024: €77k
2021 → 2025
Net result
€26k▲ 65.9%
2024 · €16k
2021: €17k
2022: €6k
2023: €14k
2024: €16k
2021 → 2025
Working capital
€24k▲ 76.0%
2024 · €13k
2021: €5k
2022: €-120
2023: €5k
2024: €13k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€24k▲ 35.0%€28k▲ 15.4%€33k▲ 21.3%€35k▲ 4.0%
Operating result€20k-€8k▼ 61.5%€15k▲ 98.8%€17k▲ 14.3%€33k▲ 90.1%
Net result€17k-€6k▼ 62.9%€14k▲ 121%€16k▲ 16.0%€26k▲ 65.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€11k▼ 50.3%
Current assets
€74k▲ 35.3%
Equity and liabilities €85k
Equity
€35k▲ 4.0%
Debt
€50k▲ 14.7%
The debt ratio rises from 56.8% to 59.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €29k
Cash flow
€38k▲
2024 · €27k
Solvency
40.8%▼
2024 · 43.2%
Current ratio
1.47▲
2024 · 1.33
Quick ratio
1.47▲
2024 · 1.33
Debt / equity
1.45▲
2024 · 1.32
ROE
75.7%▲
2024 · 47.5%
ROA
30.9%▲
2024 · 20.5%
Interest coverage
159.70▲
2024 · 57.21
Debt
€50k▲
2024 · €44k
Debt ≤ 1 year
€50k▲
2024 · €41k
Income taxes
€8k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€77k€85k▲
Fixed assets21/28€23k€11k▼
Tangible fixed assets22/27€23k€11k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€14k€4k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€55k€74k▲
Amounts receivable within one year40/41€37k€57k▲
Trade receivables40€12k€21k▲
Other amounts receivable41€26k€36k▲
Cash at bank and in hand54/58€13k€13k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€77k€85k▲
Equity10/15€33k€35k▲
Contributions10/11€6k€6k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€12k€14k▲
Amounts payable17/49€44k€50k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€41k€50k▲
Current portion of amounts payable after more than one year42€9k€2k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€17k€18k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€10k€25k▲
Accrued charges and deferred income492/3€525€203▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€822€1k▲
Gross operating margin9900€30k€46k▲
Operating profit (loss)9901€17k€33k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€508€280▼
Recurring financial charges65€508€280▼
Profit (loss) for the period before taxes9903€18k€35k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€16k€26k▲
Profit (loss) for the period to be appropriated9905€16k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€39k▲
Profit (loss) brought forward from the previous period14P€7k€12k▲
Profit to be distributed694/7€10k€25k▲
Return on contributions (dividend)694-€25k
Directors or managers695€10k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2021net €26k ▲65.9%
Operating result €33k, net result €26k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €6k ▼62.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 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, Brugge · 1 establishment unit since 2021
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.
Boudewijn Ravestraat 388000 BruggeGround area
124 m²
Building footprint
66 m²
Volume, LiDAR
381 m³
Parcel 31803C0548/00D000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INVECE
since 20212.315.037.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0548/00D000 | Flanders | 124 m² | 1 · 66 m² | 10.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 195 EUR awarded · 195 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 195 EUR | 195 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,252 companies in sector 71111 we hold annual accounts for 6,319. 5,061 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2021
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43342Specialised construction activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.