INVICE
ActiveSummary
INVICE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €47k. Equity is growing by ~54.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+16
Solvency62▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.22 in 2024; short-term debt: 35.6% and cash: 8.2% of total assets), and 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
36.5%
Return on assets
24%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
33 d early
2022
25 d early
2021
31 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▲ 68.0%
2024 · €43k
2018: €-100klowest in 8 years
2019: €-56k▲ +43.3% vs 2018
2020: €-22k▲ +61.4% vs 2019
2021: €14k▲ +165% vs 2020
2022: €22k▲ +57.1% vs 2021
2023: €37k▲ +67.5% vs 2022
2024: €43k▲ +13.9% vs 2023
2025: €71k▲ +68.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€195k▲ 0.7%
2024 · €194k
2018: €3klowest in 8 years
2019: €42k▲ +1387% vs 2018
2020: €47k▲ +10.7% vs 2019
2021: €70k▲ +50.3% vs 2020
2022: €94k▲ +33.5% vs 2021
2023: €136k▲ +45.4% vs 2022
2024: €194k▲ +42.4% vs 2023
2025: €195k▲ +0.7% vs 2024highest in 8 years
2018 → 2025
Net result
€47k▲ 120%
2024 · €21k
2018: €22k
2019: €43k▲ +93.6% vs 2018
2020: €35k▼ -19.7% vs 2019
2021: €36k▲ +3.8% vs 2020
2022: €23k▼ -35.7% vs 2021
2023: €50k▲ +117% vs 2022highest in 8 years
2024: €21k▼ -57.3% vs 2023lowest in 8 years
2025: €47k▲ +120% vs 2024
2018 → 2025
Working capital
€25k▲ 36.2%
2024 · €18k
2018: €-100klowest in 8 years
2019: €-92k▲ +8.2% vs 2018
2020: €-23k▲ +74.8% vs 2019
2021: €13k▲ +156% vs 2020
2022: €21k▲ +62.1% vs 2021
2023: €36k▲ +70.7% vs 2022highest in 8 years
2024: €18k▼ -49.5% vs 2023
2025: €25k▲ +36.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€22k▲ 57.1%€37k▲ 67.5%€43k▲ 13.9%€71k▲ 68.0%
2021: €14klowest in 5 years
2022: €22k▲ +57.1% vs 2021
2023: €37k▲ +67.5% vs 2022
2024: €43k▲ +13.9% vs 2023
2025: €71k▲ +68.0% vs 2024highest in 5 years
Operating result€39k-€26k▼ 32.1%€62k▲ 136%€34k▼ 45.8%€71k▲ 111%
2021: €39k
2022: €26k▼ -32.1% vs 2021lowest in 5 years
2023: €62k▲ +136% vs 2022
2024: €34k▼ -45.8% vs 2023
2025: €71k▲ +111% vs 2024highest in 5 years
Net result€36k-€23k▼ 35.7%€50k▲ 117%€21k▼ 57.3%€47k▲ 120%
2021: €36k
2022: €23k▼ -35.7% vs 2021
2023: €50k▲ +117% vs 2022highest in 5 years
2024: €21k▼ -57.3% vs 2023lowest in 5 years
2025: €47k▲ +120% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €195k
Fixed assets
€101k ▲ 6.0%
Current assets
€94k ▼ 4.4%
Equity and liabilities €195k
Equity
€71k ▲ 68.0%
Debt
€124k ▼ 18.1%
Debt's share of the balance-sheet total falls from 78.1% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2024 · €34k
Cash flow
€48k▲
2024 · €22k
Current ratio
1.35▲
2024 · 1.22
Debt to equity
1.74▼
2024 · 3.57
ROE
65.7%▲
2024 · 50.2%
ROA
24.0%▲
2024 · 11.0%
Interest coverage
14.34▲
2024 · 14.12
Debt ≤ 1 year
€70k▼
2024 · €80k
Debt > 1 year
€54k▼
2024 · €71k
Income taxes
€21k▲
2024 · €12k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€194k€195k▲
Fixed assets21/28€96k€101k▲
Tangible fixed assets22/27€2k€8k▲
Furniture and vehicles24€768€2k▲
Other tangible fixed assets26€1k€6k▲
Financial fixed assets28€94k€94k=
Current assets29/58€98k€94k▼
Amounts receivable after more than one year29€75k€75k=
Other amounts receivable291€75k€75k=
Amounts receivable within one year40/41€7k€293▼
Trade receivables40€690-
Other amounts receivable41€6k€293▼
Cash at bank and in hand54/58€13k€16k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€194k€195k▲
Equity10/15€43k€71k▲
Contributions10/11€20k€2k▼
Reserves13€23k€38k▲
Distributable reserves133€23k€38k▲
Profit (loss) carried forward14-€32k
Amounts payable17/49€152k€124k▼
Amounts payable after more than one year17€71k€54k▼
Financial debts170/4€71k€54k▼
Amounts payable within one year42/48€80k€70k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€17k€17k▼
Taxes450/3€17k€17k▲
Remuneration and social security454/9€500-
Other amounts payable47/48€31k€22k▼
Accrued charges and deferred income492/3€202€825▲
Income statement
Code20242025
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€657€1k▲
Other operating charges640/8€38k€25k▼
Gross operating margin9900€72k€97k▲
Operating profit (loss)9901€34k€71k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€34k€68k▲
Income taxes67/77€12k€21k▲
Profit (loss) for the period9904€21k€47k▲
Profit (loss) for the period to be appropriated9905€21k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€47k▲
Profit (loss) brought forward from the previous period14P€2k-
Transfer from equity791/2€394-
Transfer to equity691/2€8k€15k▲
To other reserves6921€8k€15k▲
Profit to be distributed694/7€16k-
Return on contributions (dividend)694€16k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9k | - |
| Remuneration, social security and pensions62 | - | - | €361 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €282 | €282 | €282 | €657 | €1k | ▲ 96.3% |
| Other operating charges640/8 | €11k | €18k | €27k | €38k | €25k | ▼ 34.3% |
| Gross operating margin9900 | €50k | €45k | €90k | €72k | €97k | ▲ 35.0% |
| Operating profit (loss)9901 | €39k | €26k | €62k | €34k | €71k | ▲ 111% |
| Financial income75/76B | €2k | €2k | €2k | €2k | €2k | ▼ 0.3% |
| Recurring financial income75 | €2k | €2k | €2k | €2k | €2k | ▼ 0.3% |
| Financial charges65/66B | €194 | €1k | €1k | €2k | €5k | ▲ 107% |
| Recurring financial charges65 | €194 | €1k | €1k | €2k | €5k | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €41k | €28k | €63k | €34k | €68k | ▲ 104% |
| Income taxes67/77 | €5k | €5k | €13k | €12k | €21k | ▲ 76.5% |
| Profit (loss) for the period9904 | €36k | €23k | €50k | €21k | €47k | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €36k | €23k | €50k | €21k | €47k | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €94k | €136k | €194k | €195k | ▲ 0.7% |
| Fixed assets21/28 | €2k | €2k | €2k | €96k | €101k | ▲ 6.0% |
| Tangible fixed assets22/27 | €2k | €2k | €1k | €2k | €8k | ▲ 303% |
| Furniture and vehicles24 | - | - | - | €768 | €2k | ▲ 117% |
| Other tangible fixed assets26 | €2k | €2k | €1k | €1k | €6k | ▲ 430% |
| Financial fixed assets28 | €122 | €122 | €122 | €94k | €94k | = |
| Current assets29/58 | €68k | €92k | €135k | €98k | €94k | ▼ 4.4% |
| Amounts receivable after more than one year29 | - | €75k | €75k | €75k | €75k | = |
| Other amounts receivable291 | - | €75k | €75k | €75k | €75k | = |
| Amounts receivable within one year40/41 | €49k | €1k | €35k | €7k | €293 | ▼ 95.6% |
| Trade receivables40 | €4k | €38 | €35k | €690 | - | - |
| Other amounts receivable41 | €45k | €979 | - | €6k | €293 | ▼ 95.1% |
| Cash at bank and in hand54/58 | €18k | €15k | €23k | €13k | €16k | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €675 | €1k | €2k | €3k | €3k | ▼ 16.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €94k | €136k | €194k | €195k | ▲ 0.7% |
| Equity10/15 | €14k | €22k | €37k | €43k | €71k | ▲ 68.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €2k | ▼ 90.0% |
| Outside capital11 | €20k | - | - | - | - | - |
| Other1109/19 | €20k | - | - | - | - | - |
| Reserves13 | €394 | €394 | €15k | €23k | €38k | ▲ 66.7% |
| Non-distributable reserves130/1 | €394 | €394 | - | - | - | - |
| Reserves not available under the articles1311 | €394 | €394 | - | - | - | - |
| Distributable reserves133 | - | - | €15k | €23k | €38k | ▲ 66.7% |
| Profit (loss) carried forward14 | €-6k | €2k | €2k | - | €32k | - |
| Amounts payable17/49 | €56k | €71k | €99k | €152k | €124k | ▼ 18.1% |
| Amounts payable after more than one year17 | - | - | - | €71k | €54k | ▼ 24.3% |
| Financial debts170/4 | - | - | - | €71k | €54k | ▼ 24.3% |
| Amounts payable within one year42/48 | €55k | €71k | €99k | €80k | €70k | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16k | €17k | ▲ 5.2% |
| Trade debts44 | €11k | €11k | €25k | €15k | €13k | ▼ 12.8% |
| Suppliers440/4 | €11k | €11k | €25k | €15k | €13k | ▼ 12.8% |
| Taxes, remuneration and social security45 | €19k | €20k | €17k | €17k | €17k | ▼ 1.4% |
| Taxes450/3 | €19k | €20k | €17k | €17k | €17k | ▲ 1.5% |
| Remuneration and social security454/9 | - | - | - | €500 | - | - |
| Other amounts payable47/48 | €25k | €40k | €56k | €31k | €22k | ▼ 30.3% |
| Accrued charges and deferred income492/3 | €849 | €502 | - | €202 | €825 | ▲ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €23k | €50k | €21k | €47k | ▲ 120% |
| + Depreciation and write-downs630 | €282 | €282 | €282 | €657 | €1k | ▲ 96.3% |
| Operating cash flow (approximation) | €36k | €23k | €50k | €22k | €48k | ▲ 119% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-95k | €-7k | ▲ 92.6% |
| Change in cash | - | €-3k | €8k | €-9k | €3k | ▲ 128% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €21k ▼57.3%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €50k ▲117%
Net result €50k, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 246 days late
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, Theux · 1 establishment unit since 2004
Ground area
1,279 m²
Building footprint
171 m²
Volume, LiDAR
970 m³
Parcel 63076C0095/00N002, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INVICE
since 20042.134.688.502
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63076C0095/00N002 | Wallonia | 1,279 m² | 1 · 171 m² | 8.1 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.
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Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46491Wholesale trade
70200Business and other management consultancy
73300Public relations and communication consultancy
85592Vocational training
Contact
E-mail
patrick.faniel@invice.netTheux
Phone
087/776855Theux
Fax
087/776856Theux
Scores and ratios are computed by Checked and are not a credit decision.