INVOCATION
Annual accounts 2025
micro format, filed on 28-05-2026, 64 days before the deadline€347,184
▲ 25.9%
€331,462
▲ 27.4%
€249,371
▼ 29.1%
-€29,802
▲ €10,735
0.0%
unchanged
0.89
▲ 0.03
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €500,000. Estimated: probably between €410,000 and €870,000.
Balance sheet
balance sheet total €285,415 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
0.0%
Higher than 10% of 39,368 companies in 2025.
0.89
Higher than 21% of 38,051 companies in 2025.
87.4%
Higher than 95% of 38,523 companies in 2025.
INVOCATION
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
285,415 | 292,639 | 279,859 | 257,258 | 375,446 | 169,622 | 493,243 | 373,164 | 247,236 | 159,062 | |
21/28 |
31,402 | 42,637 | 44,939 | 41,338 | 35,301 | 28,258 | 33,163 | 35,723 | 6,102 | 949 | |
22/27 |
31,402 | 42,637 | 44,939 | 41,338 | 35,301 | 28,258 | 33,163 | 35,723 | 6,102 | 949 | |
23 |
14,383 | 19,762 | 11,617 | 4,308 | 752 | 1,692 | 2,820 | - | - | - | |
24 |
8,141 | 9,790 | 16,031 | 15,532 | 8,844 | 1,522 | 1,257 | 2,593 | 3,930 | 949 | |
26 |
8,878 | 13,085 | 17,292 | 21,499 | 25,705 | 25,043 | 29,086 | 33,130 | 2,173 | - | |
29/58 |
254,013 | 250,002 | 234,919 | 215,920 | 340,145 | 141,365 | 460,080 | 337,441 | 241,133 | 158,113 | |
40/41 |
228,388 | 163,791 | 147,995 | 85,195 | 192,575 | 67,967 | 76,352 | 49,382 | 35,049 | 11,273 | |
40 |
210,247 | 155,791 | 117,629 | 73,195 | 71,773 | 59,297 | 68,987 | 49,382 | 35,049 | 11,273 | |
41 |
18,140 | 8,000 | 30,366 | 12,000 | 120,802 | 8,669 | 7,365 | - | - | - | |
50/53 |
23,600 | 23,500 | 23,500 | 91,000 | 31,000 | 8,500 | - | - | - | - | |
54/58 |
726 | 61,410 | 62,223 | 39,725 | 112,104 | 58,898 | 373,521 | 285,059 | 206,084 | 146,840 | |
490/1 |
1,300 | 1,300 | 1,201 | - | 4,466 | 6,000 | 10,207 | 3,000 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
285,415 | 292,639 | 279,859 | 257,258 | 375,446 | 169,622 | 493,243 | 373,164 | 247,236 | 159,062 | |
10/15 |
100 | 100 | 100 | 100 | 18,600 | 20,460 | 8,060 | 320,930 | 189,845 | 98,921 | |
10/11 |
100 | 100 | 100 | 100 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
- | - | - | - | - | 1,860 | 1,860 | 314,730 | 183,645 | 92,721 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | - | 1,860 | - | - | - | - | |
133 |
- | - | - | - | - | - | - | 312,870 | 181,785 | 90,861 | |
17/49 |
285,315 | 292,539 | 279,759 | 257,158 | 356,846 | 149,162 | 485,183 | 52,234 | 57,391 | 60,141 | |
42/48 |
283,815 | 290,539 | 277,759 | 255,158 | 354,846 | 147,662 | 483,783 | 51,034 | 56,191 | 58,941 | |
44 |
6,078 | 8,651 | 9,806 | 8,641 | - | 2,886 | 6,473 | 1,924 | 2,421 | 4,905 | |
440/4 |
6,078 | 8,651 | 9,806 | 8,641 | - | 2,886 | 6,473 | 1,924 | 2,421 | 4,905 | |
45 |
63,413 | 66,451 | 71,934 | 62,657 | 94,793 | 35,759 | 109,081 | 48,494 | 52,849 | 53,169 | |
450/3 |
63,413 | 66,451 | 71,934 | 62,657 | 94,793 | 32,601 | 109,081 | 48,494 | 49,383 | 49,703 | |
454/9 |
- | - | - | - | - | 3,159 | - | - | 3,467 | 3,467 | |
47/48 |
214,324 | 215,437 | 196,019 | 183,859 | 260,053 | 109,017 | 368,228 | 616 | 921 | 867 | |
492/3 |
1,500 | 2,000 | 2,000 | 2,000 | 2,000 | 1,500 | 1,400 | 1,200 | 1,200 | 1,200 | |
| Income statement | |||||||||||
9900 |
347,184 | 275,870 | 318,251 | 182,803 | 194,495 | 171,079 | 166,816 | 182,362 | 139,051 | 144,564 | |
630 |
15,155 | 15,200 | 11,013 | 9,977 | 7,343 | 6,201 | 7,260 | 5,380 | 1,880 | 1,884 | |
640/8 |
567 | 505 | 704 | 527 | 449 | 448 | 446 | 350 | 447 | 816 | |
9901 |
331,462 | 260,165 | 306,534 | 172,300 | 186,703 | 164,431 | 159,111 | 176,633 | 136,724 | 141,864 | |
75/76B |
163 | 206,749 | 205 | - | 176,221 | 0 | - | 102 | 435 | - | |
75 |
163 | 206,749 | 205 | - | 163 | 0 | - | 102 | 435 | - | |
76B |
- | - | - | - | 176,058 | - | - | - | - | - | |
65/66B |
2,394 | 1,895 | 1,164 | 966 | 1,344 | 1,612 | 1,137 | 1,228 | 1,011 | 1,293 | |
65 |
2,394 | 1,895 | 1,164 | 966 | 1,344 | 1,612 | 1,137 | 1,228 | 1,011 | 1,293 | |
9903 |
329,231 | 465,019 | 305,574 | 171,334 | 361,580 | 162,818 | 157,974 | 175,507 | 136,148 | 140,571 | |
67/77 |
79,860 | 113,054 | 74,964 | 39,462 | 89,877 | 36,931 | 39,359 | 44,422 | 45,225 | 47,850 | |
9904 |
249,371 | 351,965 | 230,611 | 131,872 | 271,703 | 125,888 | 118,615 | 131,085 | 90,923 | 92,721 | |
9905 |
249,371 | 351,965 | 230,611 | 131,872 | 271,703 | 125,888 | 118,615 | 131,085 | 90,923 | 92,721 | |
| Appropriation of the result | |||||||||||
9906 |
249,371 | 351,965 | 230,611 | 131,872 | 271,703 | 125,888 | 118,615 | 131,085 | 90,923 | 92,721 | |
791/2 |
- | - | - | - | 1,860 | - | 431,485 | - | - | - | |
691/2 |
- | - | - | - | - | - | 118,615 | 131,085 | 90,923 | 92,721 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | 118,615 | 131,085 | 90,923 | 90,861 | |
694/7 |
249,371 | 351,965 | 230,611 | 131,872 | 273,563 | 125,888 | 431,485 | - | - | - | |
694 |
249,371 | 351,965 | 230,611 | 131,872 | 273,563 | 125,888 | 431,485 | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-05-2026 | 2026-00123293 | |
| 31-12-2024 | micro format | 04-09-2025 | 2025-00479238 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00457025 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00414144 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20142088 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60500345 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27500058 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33700234 | |
| 31-12-2017 | micro format | 30-06-2018 | 2018-26300521 | |
| 31-12-2016 | abbreviated format | 03-07-2017 | 2017-25600301 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 346,617 | 275,365 | 317,547 | 182,277 | 194,047 | 170,631 | 166,370 | 182,012 | 138,604 | 143,748 | ||
| 264,526 | 367,164 | 241,623 | 141,848 | 279,046 | 132,088 | 125,875 | 136,465 | 92,803 | 94,605 | ||
| 3,920 | 12,897 | 14,614 | 16,014 | 14,387 | 1,295 | 4,700 | 35,000 | 7,033 | 1,325 | ||
| -60,685 | -813 | 22,498 | -72,379 | 53,206 | -314,623 | 88,462 | 78,974 | 59,244 | - | ||
| -29,802 | -40,537 | -42,839 | -39,238 | -14,701 | -6,298 | -23,703 | 286,407 | 184,942 | 99,172 | ||
| 0.0% | 0.0% | 0.0% | 0.0% | 5.0% | 12.1% | 1.6% | 86.0% | 76.8% | 62.2% | ||
| 0.89 | 0.86 | 0.85 | 0.85 | 0.96 | 0.96 | 0.95 | 6.61 | 4.29 | 2.68 | ||
| - | - | - | - | 19.19 | 7.29 | 60.20 | 0.16 | 0.30 | 0.61 | ||
| - | - | - | - | - | 615.3% | - | 40.8% | 47.9% | 93.7% | ||
| 87.4% | 120.3% | 82.4% | 51.3% | 72.4% | 74.2% | 24.0% | 35.1% | 36.8% | 58.3% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - |
The equity ratios are withheld because equity of €100 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,920 | €12,897 | €14,614 | €16,014 | €14,387 |
| €15,155 | €15,200 | €11,013 | €9,977 | €7,343 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on INVOCATION
The operating result for 2025 is 27% higher than in 2024 and the highest since 2016. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total stays at 100.0%.
Large changes and their cause
- 2022 Net result -51% on 2021. The 2021 profit included a one-off income of €176,058.
- 2021 Net result +116% on 2020. The 2021 profit included a one-off income of €176,058.