INVERASS
ActiveSummary
INVERASS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €-2k. Equity is shrinking by ~2.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-33
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 9.9 against 7.64 in 2023; short-term debt: 8.3% and cash: 12.9% of total assets), and 8.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
91.7%
Return on assets
-1.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
61 d late
2022
30 d late
2021
78 d late
2020
61 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€154k▼ 1.4%
2023 · €156k
2018: €68k
2019: €65k
2020: €63k
2021: €60k
2022: €57k
2023: €156k
2018 → 2024
Total assets
€168k▼ 3.6%
2023 · €174k
2018: €96k
2019: €79k
2020: €75k
2021: €69k
2022: €67k
2023: €174k
2018 → 2024
Net result
€-2k
2023 · €99k
2018: €-2k
2019: €-3k
2020: €-2k
2021: €-3k
2022: €-2k
2023: €99k
2018 → 2024
Working capital
€125k▲ 3.6%
2023 · €120k
2018: €20k
2019: €23k
2020: €27k
2021: €31k
2022: €33k
2023: €120k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€63k-€60k▼ 5.4%€57k▼ 3.6%€156k▲ 172%€154k▼ 1.4%
Operating result€-3k-€-4k▼ 38.6%€-4k▲ 13.3%€145k€-6k
Net result€-2k-€-3k▼ 98.7%€-2k▲ 37.0%€99k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €145k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €168k
Fixed assets
€29k ▼ 18.4%
Current assets
€139k ▲ 0.2%
Equity and liabilities €168k
Equity
€154k ▼ 1.4%
Debt
€14k ▼ 22.6%
Debt's share of the balance-sheet total falls from 10.4% to 8.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▼
2023 · €147k
Cash flow
€5k▼
2023 · €101k
Current ratio
9.90▲
2023 · 7.64
Debt to equity
0.09▼
2023 · 0.12
ROE
-1.4%▼
2023 · 63.2%
ROA
-1.3%▼
2023 · 56.6%
Interest coverage
67.96▼
2023 · 437.54
Debt ≤ 1 year
€14k▼
2023 · €18k
Income taxes
€1k▼
2023 · €48k
Staff costs
€389▼
2023 · €2k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€174k€168k▼
Fixed assets21/28€36k€29k▼
Tangible fixed assets22/27€36k€29k▼
Plant, machinery and equipment23-€965
Furniture and vehicles24€36k€28k▼
Current assets29/58€138k€139k▲
Amounts receivable within one year40/41€51k€66k▲
Other amounts receivable41€51k€66k▲
Current investments50/53€75k€50k▼
Cash at bank and in hand54/58€13k€22k▲
Deferred charges and accrued income490/1-€751
Equity and liabilities
Total equity and liabilities10/49€174k€168k▼
Equity10/15€156k€154k▼
Contributions10/11€19k€19k=
Reserves13€101k€101k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€99k€99k=
Profit (loss) carried forward14€37k€35k▼
Amounts payable17/49€18k€14k▼
Amounts payable within one year42/48€18k€14k▼
Trade debts44€4k€518▼
Suppliers440/4€4k€518▼
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€13k€13k▲
Remuneration and social security454/9€1k-
Income statement
Code20232024
Non-recurring operating income76A€148k-
Remuneration, social security and pensions62€2k€389▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲
Other operating charges640/8€2k€635▼
Gross operating margin9900€152k€2k▼
Operating profit (loss)9901€145k€-6k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€337€19▼
Recurring financial charges65€337€19▼
Profit (loss) for the period before taxes9903€147k€-1k▼
Income taxes67/77€48k€1k▼
Profit (loss) for the period9904€99k€-2k▼
Profit (loss) for the period to be appropriated9905€99k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€35k▼
Profit (loss) brought forward from the previous period14P€37k€37k=
Transfer to equity691/2€99k-
To other reserves6921€99k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €99k
Net result €99k after 5 loss-making years.
31-12
Financial
Equity above €150kEq €156k ▲172%
Equity rises from €57k to €156k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Lennik · 1 establishment unit since 2002
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.
Alfred Algoetstraat 411750 LennikGround area
1,940 m²
Building footprint
757 m²
Volume, LiDAR
8,684 m³
2 parcels, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Denderhoutembaan 154, 9400 Ninove
since 20022.095.942.148
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0327/00F002 | Flanders | 1,165 m² | 1 · 544 m² | 15.3 m · 4 fl. |
| 23072E0225/00V002 | Flanders | 776 m² | 1 · 213 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2002
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.