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INVICTIS

Active
Private limited companyfounded 201016 yrs activeMiddenlaan 10, 1950 Kraainem, BelgiumKBO/BCE: BE 0829.098.392

INVICTIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €83k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 46% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
98 / 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency96▼-4
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 4.1 in 2024), and 48.6% 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 riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025
Solvency, return and age of the figures
Solvency
51.4%
Return on assets
19.8%
Age of the figures
11 mo
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
elevated failure risk from 2 to 8 years 16 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
56 d early
2024
148 d early
2023
92 d early
2022
94 d early
2021
164 d early
2020
116 d early
2019
112 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
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

Financials · fiscal year 2025, micro schema

Equity
€216k▼ 29.6%
2024 · €307k
2018: €305k 2019: €370k 2020: €439k 2021: €312k 2022: €303k 2023: €311k 2024: €307k
2018 → 2025
Total assets
€420k▲ 4.7%
2024 · €402k
2018: €379k 2019: €400k 2020: €479k 2021: €453k 2022: €423k 2023: €470k 2024: €402k
2018 → 2025
Net result
€83k▲ 23.9%
2024 · €67k
2018: €51k 2019: €65k 2020: €69k 2021: €51k 2022: €53k 2023: €59k 2024: €67k
2018 → 2025
Working capital
€206k▼ 30.1%
2024 · €295k
2018: €300k 2019: €357k 2020: €425k 2021: €303k 2022: €297k 2023: €296k 2024: €295k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€312k-€303k▼ 2.6%€311k▲ 2.4%€307k▼ 1.3%€216k▼ 29.6%
Operating result€64k-€76k▲ 19.4%€84k▲ 9.9%€93k▲ 10.4%€114k▲ 23.0%
Net result€51k-€53k▲ 4.1%€59k▲ 9.7%€67k▲ 14.9%€83k▲ 23.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2021: €64k€64kNet result 2021: €51k€51kOperating result 2022: €76k€76kNet result 2022: €53k€53kOperating result 2023: €84k€84kNet result 2023: €59k€59kOperating result 2024: €93k€93kNet result 2024: €67k€67kOperating result 2025: €114k€114kNet result 2025: €83k€83k20212022202320242025
The operating result has risen four years in a row; 2025 is 23% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €420k
Fixed assets €10k▼ 16.1%
Current assets €410k▲ 5.3%
Equity and liabilities €420k
Equity €216k▼ 29.6%
Debt €204k▲ 115%
The debt ratio rises from 23.6% to 48.6%: debt grows while equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€118k
2024 · €97k
Cash flow
€87k
2024 · €71k
Solvency
51.4%
2024 · 76.4%
Current ratio
2.01
2024 · 4.10
Quick ratio
2.01
2024 · 4.10
Debt / equity
0.95
2024 · 0.31
ROE
38.6%
2024 · 21.9%
ROA
19.8%
2024 · 16.8%
Interest coverage
266.29
2024 · 535.00
Debt
€204k
2024 · €95k
Debt ≤ 1 year
€204k
2024 · €95k
Income taxes
€35k
2024 · €28k
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€402k€420k
Fixed assets21/28€12k€10k
Tangible fixed assets22/27€12k€10k
Furniture and vehicles24€9k€7k
Other tangible fixed assets26€3k€4k
Current assets29/58€390k€410k
Amounts receivable within one year40/41€40k€24k
Trade receivables40€23k€23k
Other amounts receivable41€17k€898
Current investments50/53-€326k
Cash at bank and in hand54/58€347k€55k
Deferred charges and accrued income490/1€2k€6k
Equity and liabilities
Total equity and liabilities10/49€402k€420k
Equity10/15€307k€216k
Contributions10/11€6k€6k=
Reserves13€300k€209k
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€300k€209k
Profit (loss) carried forward14€589€589=
Amounts payable17/49€95k€204k
Amounts payable within one year42/48€95k€204k
Financial debts43€858€374
Other loans439€858€374
Trade debts44€4k€3k
Suppliers440/4€4k€3k
Taxes, remuneration and social security45€19k€27k
Taxes450/3€19k€27k
Remuneration and social security454/9€0-
Other amounts payable47/48€71k€174k
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Non-recurring operating income76A€0€270
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k
Other operating charges640/8€893€1k
Non-recurring operating charges66A-€105
Gross operating margin9900€97k€119k
Operating profit (loss)9901€93k€114k
Financial income75/76B€3k€5k
Recurring financial income75€3k€5k
Financial charges65/66B€181€442
Recurring financial charges65€181€442
Profit (loss) for the period before taxes9903€95k€119k
Income taxes67/77€28k€35k
Profit (loss) for the period9904€67k€83k
Profit (loss) for the period to be appropriated9905€67k€83k
Appropriation of the result
Profit (loss) to be appropriated9906€68k€84k
Profit (loss) brought forward from the previous period14P€589€589=
Transfer from equity791/2€71k€174k
Transfer to equity691/2€67k€83k
To other reserves6921€67k€83k
Profit to be distributed694/7€71k€174k
Return on contributions (dividend)694€71k€174k

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
05-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Highest result since 2018net €83k ▲23.9%
Operating result €114k, net result €83k, both a record.
2024
03-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
29-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial Weakest financial yearnet €51k ▼26.2%
Net result drops to €51k, the lowest in the series; recovery starts the following year.
04-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
09-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial Liquidity doublescurrent ratio 12.64
Current ratio from 5.11 to 12.64; short-term debt falls from €73k to €31k.
03-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
09-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Kraainem · 1 establishment unit since 2010
establishment The establishment unit on the map
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.

Middenlaan 101950 Kraainem
Ground area
3,090 m²
Building footprint
381 m²
Volume, LiDAR
2,470 m³
2 parcels, Brussels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Invictis
Waterraaflaan 20, 1150 Sint-Pieters-WoluweActivities of head offices; management consultancy activities
since 20102.191.711.238
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22002C0075/00T004 Flanders 2,421 m² 1 · 204 m² 12.2 m · 2 fl.
21684B0038/00G020 Brussels 669 m² 1 · 177 m² 12.4 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.

Similar companies · same sector, comparable size

Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 39,408 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded08-09-2010
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.