"INVISUAL"
ActiveSummary
"INVISUAL" has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92,863 and a net result of €73,427. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 60% of 4,308 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €92,863
- Profit
- €73,427
Why 97raises risk1 of the last 3 latelowers riskLiquidity: current ratio 2.02, cash €53,442Sector: Other professional, scientific and technical activities (NACE 74)Equity €92,863 (60.8% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 62% on solvency, 67% on liquidity, 88% on profitability and 99% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 109 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €73,427 ▲134%
- Liquidity more than doubledcurrent ratio 2.02
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 201% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,974 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,974 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18,250 | €4,000 | €2,880 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,740 | €4,964 | €8,996 | €7,930 | €6,095 | €3,576 | €6,187 | ▲ 73.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €4,626 | - | - |
| Other operating charges640/8 | - | - | €73 | €267 | €1,359 | €387 | €457 | ▲ 17.9% |
| Gross operating margin9900 | €19,723 | €6,380 | €12,635 | €3,583 | €880 | €41,772 | €106,431 | ▲ 155% |
| Operating profit (loss)9901 | €16,930 | €1,400 | €3,566 | -€4,614 | -€6,574 | €33,183 | €99,787 | ▲ 201% |
| Financial income75/76B | - | - | €20 | - | €565 | - | - | - |
| Recurring financial income75 | €65 | €42 | €20 | - | €565 | - | - | - |
| Financial charges65/66B | - | - | €121 | €99 | €522 | €489 | €286 | ▼ 41.5% |
| Recurring financial charges65 | €272 | €169 | €121 | €99 | €522 | €489 | €286 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €16,724 | €1,273 | €3,464 | -€4,713 | -€6,531 | €32,694 | €99,501 | ▲ 204% |
| Income taxes67/77 | - | €4,960 | - | - | €216 | €1,345 | €26,074 | ▲ 1,839% |
| Profit (loss) for the period9904 | €16,724 | -€3,687 | €3,464 | -€4,713 | -€6,747 | €31,349 | €73,427 | ▲ 134% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €29,470 | - |
| Profit (loss) for the period to be appropriated9905 | €16,724 | -€3,687 | €3,464 | -€4,713 | -€6,747 | €31,349 | €43,957 | ▲ 40.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €43,892 | €40,044 | €38,337 | €29,086 | €30,612 | €73,643 | €152,768 | ▲ 107% |
| Fixed assets21/28 | €12,585 | €14,425 | €13,309 | €8,078 | €4,535 | €8,263 | €31,780 | ▲ 285% |
| Tangible fixed assets22/27 | €12,585 | €14,425 | €13,309 | €8,078 | €4,535 | €8,263 | €31,780 | ▲ 285% |
| Plant, machinery and equipment23 | - | - | €13,202 | €8,078 | €3,648 | €0 | - | - |
| Furniture and vehicles24 | - | - | €106 | - | €886 | €8,263 | €31,780 | ▲ 285% |
| Current assets29/58 | €31,308 | €25,619 | €25,028 | €21,008 | €26,078 | €65,381 | €120,988 | ▲ 85.1% |
| Amounts receivable within one year40/41 | €10,714 | €11,888 | €13,728 | €13,274 | €12,470 | €21,126 | €67,251 | ▲ 218% |
| Trade receivables40 | - | - | €13,716 | €13,267 | €11,004 | €20,124 | €67,242 | ▲ 234% |
| Other amounts receivable41 | - | - | €12 | €7 | €1,465 | €1,003 | €9 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €20,593 | €13,274 | €11,300 | €7,734 | €13,324 | €43,432 | €53,442 | ▲ 23.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €284 | €822 | €295 | ▼ 64.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €43,892 | €40,044 | €38,337 | €29,086 | €30,612 | €73,643 | €152,768 | ▲ 107% |
| Equity10/15 | €22,924 | €19,236 | €22,701 | €17,987 | €11,240 | €7,036 | €92,863 | ▲ 1,220% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €7,036 | €6,200 | €18,600 | ▲ 200% |
| Contributions outside capital11 | - | - | €6,200 | €6,200 | €7,036 | - | - | - |
| Other1109/19 | - | - | €6,200 | €6,200 | €7,036 | - | - | - |
| Reserves13 | €836 | €836 | €836 | €836 | - | €836 | €30,306 | ▲ 3,524% |
| Non-distributable reserves130/1 | - | - | €836 | €836 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €836 | €836 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | €29,470 | - |
| Distributable reserves133 | - | - | - | - | - | €836 | €836 | = |
| Profit (loss) carried forward14 | €15,888 | €12,200 | €15,664 | €10,951 | €4,204 | - | €43,957 | - |
| Amounts payable17/49 | €20,969 | €20,807 | €15,636 | €11,098 | €19,373 | €66,607 | €59,904 | ▼ 10.1% |
| Amounts payable within one year42/48 | €20,969 | €20,807 | €15,071 | €10,533 | €19,373 | €66,607 | €59,858 | ▼ 10.1% |
| Trade debts44 | €235 | €4,429 | €2,232 | - | €2,958 | €6,693 | €6,300 | ▼ 5.9% |
| Suppliers440/4 | - | - | €2,232 | - | €2,958 | €6,693 | €6,300 | ▼ 5.9% |
| Taxes, remuneration and social security45 | - | - | €3,055 | €3,294 | €10,759 | €8,273 | €18,284 | ▲ 121% |
| Taxes450/3 | - | - | €3,055 | €3,294 | €10,759 | €8,273 | €18,284 | ▲ 121% |
| Other amounts payable47/48 | - | - | €9,784 | €7,239 | €5,655 | €51,642 | €35,274 | ▼ 31.7% |
| Accrued charges and deferred income492/3 | - | - | €565 | €565 | - | - | €47 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,724 | -€3,687 | €3,464 | -€4,713 | -€6,747 | €31,349 | €73,427 | ▲ 134% |
| + Depreciation and write-downs630 | €1,740 | €4,964 | €8,996 | €7,930 | €6,095 | €3,576 | €6,187 | ▲ 73.0% |
| Operating cash flow (approximation) | €18,464 | €1,277 | €12,461 | €3,217 | -€652 | €34,925 | €79,614 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€6,804 | -€7,881 | -€2,699 | -€2,552 | -€7,304 | -€29,705 | ▼ 307% |
| Change in cash | - | -€7,319 | -€1,974 | -€3,566 | €5,590 | €30,108 | €10,010 | ▼ 66.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00251150 |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00136649 |
| 31-12-2023 | micro format | 12-11-2024 | 2024-00532597 |
| 31-12-2022 | micro format | 08-11-2024 | 2024-00531390 |
| 31-12-2021 | micro format | 24-11-2022 | 2022-20524652 |
| 31-12-2020 | micro format | 07-10-2021 | 2021-71400598 |
| 31-12-2019 | micro format | 22-10-2020 | 2020-62700002 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| François DE VOGELAER |
|
| Lionel MAGNEE |
|
Owners and capital
Capital and shareholders
- 23-02-2024 Converted to unavailable equity · €7,036.19
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-02
Gazette deed
Resignations: François DE VOGELAER (manager) and Lionel MAGNEE (manager)Appointments: François DE VOGELAER (director) and Lionel MAGNEE (director) · Capital conversion · Reserve release13 facts ▸
- General meeting, 08-12-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités modification des statuts, suppression” (deed in French)
- Other provision, “part non encore libérée souscrite dans le passé inscrite en apports non appelés, extension aux versements futurs” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, François DE VOGELAER (manager)
- Director resignation, Lionel MAGNEE (manager)
- Director appointment, François DE VOGELAER (director (not named in the articles))
- Director appointment, Lionel MAGNEE (director (not named in the articles))
- Registered office clause, “1200 Woluwe-Saint-Lambert,Avenue A.J. Slegers 378” (deed in French)
- Power of attorney
- +1 further fact in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21018A0145/00A002 | Brussels | 4,219 m² | 1 · 1,587 m² | 19.1 m · 5 |
| 21673D0121/00Z008 | Brussels | 334 m² | 1 · 98 m² | 13.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le développement et la production d’œuvres photographiques et audiovisuelles,tels que:le choix des personnes,objets et lieux à capturer,la…” (deed in French)
12 activities (deed in French)
- Le développement et la production d’œuvres photographiques et audiovisuelles,tels que:le choix des personnes,objets et lieux à capturer,la prise de vue,l’éclairage,le stylisme,le maquillage,la mise en scène.Le choix des images retenues,la retouche,l’impression,la publication,le partage,la diffusion,à l’aide de et sur tout support que ce soit,existant et à venir,de tout programme sur tout mode de diffusion existant et à venir(cinéma,télévision,presse écrite,web,smartphone,réseaux sociaux etc…)
- L’achat,la vente,le prêt et la location de tout matériel photographique,audiovisuel et informatique,existant et à venir,nécessaire à la réalisation de l’objet
- La production,l’organisation,la promotion et la couverture sur tout support que ce soit existant et à venir,de toute activité événementielle ou culturelle,publique ou privée;au profit de tout organisme ou entreprise public ou privé
- La location de tout ce qui peut être nécessaire ou utile à la réalisation complète d’un événement public ou privé
- La création,la gestion,le développement et l’administration de sites internet,de comptes,profils et pages sur tout réseau social existant et à venir,sur toutes formes de supports
- La consultance en photo,audiovisuel,stylisme,mannequinat,maquillage
- La consultance et le management de toute personne souhaitant évoluer dans le monde artistique,audiovisuel,de la mode,des médias,sportif ou politique
- La consultance en communication et en communication d’entreprise
- La recherche,le développement et la production de nouveaux produits audiovisuels et de transmission
- La promotion immobilière,les activités relatives aux promoteurs immobiliers,c’est-à-dire l’achat,la construction,la location,la vente d’immeubles ou de terrains bâtis ou non bâtis
- La gérance et l’administration de toutes constructions privées,commerciales,industrielles ou publiques
- Toutes opérations mobilières,immobilières ou financières se rattachant directement ou indirectement à son objet ou pouvant en faciliter la réalisation
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INVISUAL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, adresse précise reprise ou autre Région” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, un ou plusieurs administrateurs” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Notifie ou expert si contestation, onereux_gratuit_volontaires_forcees_exclusion_retrait_usufruit_nue-propriete_pleine-propriete_actions_aut…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision de l’assemblée générale délibérant dans les formes des modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, dissolution pour quelque cause et à quelque moment que ce soit” (deed in French)