INVES
ActiveSummary
INVES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€3,676) and a net result of €5,058. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+2
Solvency24▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.48 against 1.33 in 2023; short-term debt: 7.8% and cash: 3% of total assets), and equity is negative.
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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
-1.3%
Return on assets
1.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 13%
← weakest
strongest →
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
7 d early
2022
7 d early
2021
33 d early
2020
1 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€3,676▲ 57.9%
2023 · -€8,734
Total assets
€285,344▼ 7.4%
2023 · €308,043
Net result
€5,058▲ 1,422%
2023 · €332
Working capital
€10,673▲ 28.9%
2023 · €8,281
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€12,066▼ 36.9%€5,637▼ 53.3%€12,899▲ 129%€4,464▼ 65.4%€9,773▲ 119%
Net result€4,669within the sector's middle half▼ 56.0%€2,963within the sector's middle half▼ 36.5%€8,544within the sector's middle half▲ 188%€332within the sector's middle half▼ 96.1%€5,058within the sector's middle half▲ 1,422%
Equity-€20,573below the sector's middle half▲ 18.5%-€17,610below the sector's middle half▲ 14.4%-€9,066below the sector's middle half▲ 48.5%-€8,734below the sector's middle half▲ 3.7%-€3,676below the sector's middle half▲ 57.9%
Total assets€391,983within the sector's middle half▼ 9.4%€343,949above the sector's middle half▼ 12.3%€336,576within the sector's middle half▼ 2.1%€308,043within the sector's middle half▼ 8.5%€285,344within the sector's middle half▼ 7.4%
Debt€412,555▼ 9.9%€361,559▼ 12.4%€345,642▼ 4.4%€316,777▼ 8.4%€289,020▼ 8.8%
Working capital€20,472▼ 36.5%€7,097▼ 65.3%-€1,055€8,281€10,673▲ 28.9%
Solvency-5.2%below the sector's middle half▲ 0.6pp-5.1%below the sector's middle half▲ 0.1pp-2.7%below the sector's middle half▲ 2.4pp-2.8%below the sector's middle half▼ 0.1pp-1.3%below the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 119% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285,344
Fixed assets
€252,497 ▼ 8.0%
Current assets
€32,847 ▼ 2.3%
Key figures and ratios
EBITDA
€42,211▲
2023 · €37,070
Cash flow
€37,495▲
2023 · €32,939
Current ratio
1.48▲
2023 · 1.33
Quick ratio
0.39▲
2023 · 0.36
Debt to equity
-78.63▼
2023 · -36.27
ROA
1.8%▲
2023 · 0.1%
Interest coverage
8.95▼
2023 · 8.97
Debt ≤ 1 year
€22,174▼
2023 · €25,334
Debt > 1 year
€266,846▼
2023 · €291,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,447 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,633 | €33,266 | €30,305 | €32,607 | €32,438 | ▼ 0.5% |
| Other operating charges640/8 | - | €101 | €177 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | €44,799 | €39,003 | €43,380 | €37,179 | €42,329 | ▲ 13.9% |
| Operating profit (loss)9901 | €12,066 | €5,637 | €12,899 | €4,464 | €9,773 | ▲ 119% |
| Financial charges65/66B | - | €2,674 | €4,355 | €4,131 | €4,716 | ▲ 14.1% |
| Recurring financial charges65 | €7,398 | €2,674 | €4,355 | €4,131 | €4,716 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €4,669 | €2,963 | €8,544 | €332 | €5,058 | ▲ 1,422% |
| Profit (loss) for the period9904 | €4,669 | €2,963 | €8,544 | €332 | €5,058 | ▲ 1,422% |
| Profit (loss) for the period to be appropriated9905 | €4,669 | €2,963 | €8,544 | €332 | €5,058 | ▲ 1,422% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391,983 | €343,949 | €336,576 | €308,043 | €285,344 | ▼ 7.4% |
| Fixed assets21/28 | €346,446 | €315,293 | €305,639 | €274,428 | €252,497 | ▼ 8.0% |
| Tangible fixed assets22/27 | €346,446 | €315,293 | €305,639 | €274,428 | €252,497 | ▼ 8.0% |
| Land and buildings22 | - | €308,643 | €284,659 | €257,698 | €240,932 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €6,650 | €20,981 | €16,730 | €11,565 | ▼ 30.9% |
| Current assets29/58 | €45,537 | €28,656 | €30,937 | €33,616 | €32,847 | ▼ 2.3% |
| Stocks and contracts in progress3 | €38,707 | €24,488 | €23,891 | €24,488 | €24,209 | ▼ 1.1% |
| Stocks30/36 | - | €24,488 | €23,891 | €24,488 | €24,209 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €3,319 | €439 | €562 | €469 | - | - |
| Trade receivables40 | - | €439 | €562 | €469 | - | - |
| Cash at bank and in hand54/58 | €2,654 | €2,803 | €6,484 | €8,659 | €8,638 | ▼ 0.2% |
| Deferred charges and accrued income490/1 | - | €926 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391,983 | €343,949 | €336,576 | €308,043 | €285,344 | ▼ 7.4% |
| Equity10/15 | -€20,573 | -€17,610 | -€9,066 | -€8,734 | -€3,676 | ▲ 57.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€39,173 | -€36,210 | -€27,666 | -€27,334 | -€22,276 | ▲ 18.5% |
| Amounts payable17/49 | €412,555 | €361,559 | €345,642 | €316,777 | €289,020 | ▼ 8.8% |
| Amounts payable after more than one year17 | €387,490 | €340,001 | €313,650 | €291,443 | €266,846 | ▼ 8.4% |
| Financial debts170/4 | - | €340,001 | €313,650 | €291,443 | €266,846 | ▼ 8.4% |
| Amounts payable within one year42/48 | €25,065 | €21,559 | €31,992 | €25,334 | €22,174 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | €19,258 | €15,887 | €16,321 | €16,768 | ▲ 2.7% |
| Trade debts44 | €1,950 | €135 | €14,219 | €1,715 | €1,419 | ▼ 17.3% |
| Suppliers440/4 | - | €135 | €14,219 | €1,715 | €1,419 | ▼ 17.3% |
| Taxes, remuneration and social security45 | - | €2,166 | €1,886 | €1,968 | €1,779 | ▼ 9.6% |
| Taxes450/3 | - | €2,166 | €1,886 | €1,968 | €1,779 | ▼ 9.6% |
| Other amounts payable47/48 | - | - | - | €5,330 | €2,208 | ▼ 58.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,669 | €2,963 | €8,544 | €332 | €5,058 | ▲ 1,422% |
| + Depreciation and write-downs630 | €32,633 | €33,266 | €30,305 | €32,607 | €32,438 | ▼ 0.5% |
| Operating cash flow (approximation) | €37,302 | €36,228 | €38,849 | €32,939 | €37,495 | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€2,113 | -€20,650 | -€1,395 | -€10,507 | ▼ 653% |
| Change in cash | - | €149 | €3,681 | €2,175 | -€20 | ▼ 101% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €10,612
Net result €10,612 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Balen · 1 establishment unit since 2004
Ground area
2,205 m²
Building footprint
216 m²
Volume, LiDAR
1,491 m³
Parcel 13003D0598/00S000, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INVES
since 20042.137.422.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003D0598/00S000 | Flanders | 2,205 m² | 1 · 216 m² | 9.3 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865588012
Also
9925:BE0865588012
Registered
31-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.