INVINTELL
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548641.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 10 filings
Turnover
≈ €65,000
Estimated: probably between €32,000 and €130,000
Total assets
€52,642▲ 26.9%
2024 · €41,490
Net result
€9,304▲ 16×
2024 · €583
Working capital
€47,001▲ 23.7%
2024 · €38,009
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,642
▲ 28×
2025
20182025
Net result
€9,304
▲ 16×
2025
middle half of the sector
20182025
Equity
€46,640
▲ 24.9%
2025
middle half of the sector
20182025
Total assets
€52,642
▲ 26.9%
2025
lowest quarter of the sector
20182025
Debt
€6,002
▲ 44.5%
2025
20182025
Working capital
€47,001
▲ 23.7%
2025
middle half of the sector
20182025
Solvency
88.6%
▼ 1.4pp
2025
highest quarter of the sector
20182025
Current ratio
9.33
▼ 2.59
2025
highest quarter of the sector
20182025
Return on assets (ROA)
17.7%
▲ 16.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,896-€1,334▼ 53.9%€1,337▲ 0.2%€1,877▲ 40.3%€3,557▲ 89.5%€1,655▼ 53.5%€413▼ 75.0%€11,642▲ 28×
Net result€2,050-€473▼ 76.9%€958within the sector's middle half▲ 103%€1,234within the sector's middle half▲ 28.8%€2,439within the sector's middle half▲ 97.7%€622within the sector's middle half▼ 74.5%€583below the sector's middle half▼ 6.3%€9,304within the sector's middle half▲ 16×
Equity€31,027-€31,500▲ 1.5%€32,458below the sector's middle half▲ 3.0%€33,692below the sector's middle half▲ 3.8%€36,131below the sector's middle half▲ 7.2%€36,753below the sector's middle half▲ 1.7%€37,336within the sector's middle half▲ 1.6%€46,640within the sector's middle half▲ 24.9%
Total assets€39,238-€38,968▼ 0.7%€38,596below the sector's middle half▼ 1.0%€38,726below the sector's middle half▲ 0.3%€42,399below the sector's middle half▲ 9.5%€40,206below the sector's middle half▼ 5.2%€41,490below the sector's middle half▲ 3.2%€52,642below the sector's middle half▲ 26.9%
Debt€8,211-€7,468▼ 9.0%€6,138▼ 17.8%€5,034▼ 18.0%€6,268▲ 24.5%€3,453▼ 44.9%€4,154▲ 20.3%€6,002▲ 44.5%
Working capital€29,885-€32,573▲ 9.0%€33,031within the sector's middle half▲ 1.4%€35,358within the sector's middle half▲ 7.0%€39,031within the sector's middle half▲ 10.4%€36,838within the sector's middle half▼ 5.6%€38,009within the sector's middle half▲ 3.2%€47,001within the sector's middle half▲ 23.7%
Solvency79.1%-80.8%▲ 1.8pp84.1%above the sector's middle half▲ 3.3pp87.0%above the sector's middle half▲ 2.9pp85.2%above the sector's middle half▼ 1.8pp91.4%above the sector's middle half▲ 6.2pp90.0%above the sector's middle half▼ 1.4pp88.6%above the sector's middle half▼ 1.4pp
Current ratio4.67-6.09▲ 1.426.94above the sector's middle half▲ 0.8411.50above the sector's middle half▲ 4.5612.59above the sector's middle half▲ 1.0911.94above the sector's middle half▼ 0.6511.92above the sector's middle half▼ 0.029.33above the sector's middle half▼ 2.59
Return on assets (ROA)5.2%-1.2%▼ 4.0pp2.5%within the sector's middle half▲ 1.3pp3.2%within the sector's middle half▲ 0.7pp5.8%within the sector's middle half▲ 2.6pp1.5%within the sector's middle half▼ 4.2pp1.4%below the sector's middle half▼ 0.1pp17.7%within the sector's middle half▲ 16.3pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is over 28 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €52,642
Equity
€46,640 ▲ 24.9%
Debt
€6,002 ▲ 44.5%
Debt's share of the balance-sheet total rises from 10.0% to 11.4%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.13▲
2024 · 0.11
ROE
19.9%▲
2024 · 1.6%
Debt ≤ 1 year
€5,641▲
2024 · €3,481
Income taxes
€2,447▲
2024 · €3
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161 | €1,212 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €528 | €534 | €421 | €206 | €650 | ▲ 216% |
| Gross operating margin9900 | €3,057 | €3,066 | €1,858 | €2,405 | €4,092 | €2,076 | €619 | €12,292 | ▲ 20× |
| Operating profit (loss)9901 | €2,896 | €1,334 | €1,337 | €1,877 | €3,557 | €1,655 | €413 | €11,642 | ▲ 28× |
| Financial income75/76B | - | - | - | - | - | €72 | €285 | €223 | ▼ 21.9% |
| Recurring financial income75 | €45 | €0 | - | - | - | €72 | €285 | €223 | ▼ 21.9% |
| Financial charges65/66B | - | - | - | €143 | €118 | €105 | €113 | €114 | ▲ 1.3% |
| Recurring financial charges65 | €60 | €97 | €69 | €143 | €118 | €105 | €113 | €114 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €2,881 | €1,238 | €1,269 | €1,734 | €3,439 | €1,622 | €586 | €11,751 | ▲ 20× |
| Income taxes67/77 | €831 | €765 | €311 | €500 | €1,000 | €1,000 | €3 | €2,447 | ▲ 769× |
| Profit (loss) for the period9904 | €2,050 | €473 | €958 | €1,234 | €2,439 | €622 | €583 | €9,304 | ▲ 16× |
| Profit (loss) for the period to be appropriated9905 | €2,050 | €473 | €958 | €1,234 | €2,439 | €622 | €583 | €9,304 | ▲ 16× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39,238 | €38,968 | €38,596 | €38,726 | €42,399 | €40,206 | €41,490 | €52,642 | ▲ 26.9% |
| Formation expenses20 | €1,212 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €38,026 | €38,968 | €38,596 | €38,726 | €42,399 | €40,206 | €41,490 | €52,642 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €8,730 | €12,354 | €8,690 | €9,851 | €10,352 | €6,371 | €7,887 | €8,516 | ▲ 8.0% |
| Trade receivables40 | - | - | - | €7,865 | €9,514 | €5,381 | €7,017 | €7,017 | = |
| Other amounts receivable41 | - | - | - | €1,986 | €839 | €990 | €870 | €1,499 | ▲ 72.2% |
| Cash at bank and in hand54/58 | €29,296 | €26,614 | €29,906 | €28,875 | €32,047 | €33,835 | €33,603 | €44,054 | ▲ 31.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €72 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39,238 | €38,968 | €38,596 | €38,726 | €42,399 | €40,206 | €41,490 | €52,642 | ▲ 26.9% |
| Equity10/15 | €31,027 | €31,500 | €32,458 | €33,692 | €36,131 | €36,753 | €37,336 | €46,640 | ▲ 24.9% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €9,027 | €9,500 | €10,458 | €11,692 | €14,131 | €14,753 | €15,336 | €24,640 | ▲ 60.7% |
| Amounts payable17/49 | €8,211 | €7,468 | €6,138 | €5,034 | €6,268 | €3,453 | €4,154 | €6,002 | ▲ 44.5% |
| Amounts payable within one year42/48 | €8,140 | €6,396 | €5,565 | €3,368 | €3,368 | €3,368 | €3,481 | €5,641 | ▲ 62.1% |
| Trade debts44 | €3,267 | €5,565 | €5,565 | €3,368 | €3,368 | €3,368 | €3,267 | €3,667 | ▲ 12.2% |
| Suppliers440/4 | - | - | - | €3,368 | €3,368 | €3,368 | €3,267 | €3,667 | ▲ 12.2% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €214 | €1,975 | ▲ 823% |
| Taxes450/3 | - | - | - | - | - | - | €214 | €1,975 | ▲ 823% |
| Accrued charges and deferred income492/3 | - | - | - | €1,666 | €2,900 | €85 | €673 | €361 | ▼ 46.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,050 | €473 | €958 | €1,234 | €2,439 | €622 | €583 | €9,304 | ▲ 16× |
| + Depreciation and write-downs630 | €161 | €1,212 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €2,211 | €1,685 | €958 | €1,234 | €2,439 | €622 | €583 | €9,304 | ▲ 16× |
| Change in cash | - | -€2,681 | €3,292 | -€1,031 | €3,172 | €1,789 | -€233 | €10,452 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as INVINTELL has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of INVINTELL itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for INVINTELL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00548641 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00513837 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00405282 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00406219 | |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20116914 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-58800077 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-65000112 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-58700229 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-52900195 | |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42000533 |