Invedel
ActiveSummary
Invedel has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.01M and a net result of €-590k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 22% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-6
Solvency46▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €470k at 30 days acceptable
Liquidity ample (current ratio 6.19 against 2.53 in 2024; short-term debt: 0.1% and cash: 0.6% of total assets), but 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
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
20.5%
Return on assets
-1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3187 sector peers (2025).
NBB · sector comparisonPosition among 3187 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €8.01M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
42 d early
2023
6 d late
2022
24 d early
2021
31 d early
2020
29 d early
2019
101 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-590k▼ 605%
2024 · €-84k
2018: €7k
2019: €-133k
2020: €84k
2021: €36k
2022: €75k
2023: €92k
2024: €-84k
2018 → 2025
Working capital
€278k▼ 48.2%
2024 · €536k
2018: €-665k
2019: €-918k
2020: €-781k
2021: €-1.00M
2022: €961k
2023: €178k
2024: €536k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.02M-€5.09M▲ 1.5%€5.18M▲ 1.8%€5.10M▼ 1.6%€8.01M▲ 57.1%
Operating result€264k-€361k▲ 36.7%€571k▲ 58.1%€403k▼ 29.4%€-39k
Net result€36k-€75k▲ 110%€92k▲ 22.7%€-84k€-590k▼ 605%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39k after €403k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.02M
Fixed assets
€38.69M ▲ 17.0%
Current assets
€332k ▼ 62.6%
Equity and liabilities €39.02M
Equity
€8.01M ▲ 57.1%
Provisions
€13k ▼ 7.1%
Debt
€31.00M ▲ 7.5%
Debt's share of the balance-sheet total falls from 84.9% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€447k▼
2024 · €676k
Cash flow
€-104k▼
2024 · €188k
Current ratio
6.19▲
2024 · 2.53
Debt to equity
3.87▼
2024 · 5.65
ROE
-7.4%▼
2024 · -1.6%
ROA
-1.5%▼
2024 · -0.2%
Interest coverage
0.81▼
2024 · 1.40
Debt ≤ 1 year
€54k▼
2024 · €350k
Debt > 1 year
€30.38M▲
2024 · €28.45M
Income taxes
€217▼
2024 · €4k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33.95M€39.02M▲
Fixed assets21/28€33.06M€38.69M▲
Tangible fixed assets22/27€9.66M€15.29M▲
Land and buildings22€9.59M€15.23M▲
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€61k€50k▼
Financial fixed assets28€23.40M€23.40M=
Current assets29/58€886k€332k▼
Amounts receivable within one year40/41€85k€113k▲
Trade receivables40€18k€3k▼
Other amounts receivable41€67k€110k▲
Cash at bank and in hand54/58€799k€218k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€33.95M€39.02M▲
Equity10/15€5.10M€8.01M▲
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Revaluation surpluses12-€3.50M
Reserves13€104k€101k▼
Non-distributable reserves130/1€63k€63k=
Legal reserve130€63k€63k=
Tax-exempt reserves132€41k€38k▼
Profit (loss) carried forward14€-5k€-592k▼
Provisions and deferred taxes16€14k€13k▼
Deferred taxes168€14k€13k▼
Amounts payable17/49€28.84M€31.00M▲
Amounts payable after more than one year17€28.45M€30.38M▲
Financial debts170/4€28.45M€30.38M▲
Amounts payable within one year42/48€350k€54k▼
Trade debts44€8k€403▼
Suppliers440/4€8k€403▼
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45€149k€10k▼
Taxes450/3€149k€10k▼
Other amounts payable47/48€193k€26k▼
Accrued charges and deferred income492/3€37k€564k▲
Income statement
Code20242025
Non-recurring operating income76A-€939
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272k€486k▲
Other operating charges640/8€46k€48k▲
Gross operating margin9900€721k€495k▼
Operating profit (loss)9901€403k€-39k▼
Financial income75/76B€49€114▲
Recurring financial income75€49€114▲
Financial charges65/66B€484k€552k▲
Recurring financial charges65€484k€552k▲
Profit (loss) for the period before taxes9903€-80k€-591k▼
Transfer from deferred taxes780€972€972=
Income taxes67/77€4k€217▼
Profit (loss) for the period9904€-84k€-590k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-81k€-587k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-81k€-592k▼
Profit (loss) brought forward from the previous period14P-€-5k
Transfer from equity791/2€76k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
30-06
State Gazette act
General meeting · Merger
Accounting effect · Director resignation · BURHENNE Ingrid
2025
31-12
Financial
Weakest financial yearnet €-590k
Net result drops to €-590k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.19
Current ratio from 2.53 to 6.19; short-term debt falls from €350k to €54k.
29-08
State Gazette act
General meeting · Director reappointment
Permanent representative
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Highest result since 2018net €92k ▲22.7%
Operating result €571k, net result €92k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
08-03
State Gazette act
General meeting · Name change
Purpose change · Statutes amendment
2022
31-12
Financial
Liquidity times 22current ratio 7.31
Current ratio from 0.32 to 7.31; short-term debt falls from €1.49M to €152k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2021
31-12
Financial
Equity above €5MEq €5.02M ▲0.7%
2 profitable years in a row build equity to €5.02M.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brugge · 1 establishment unit since 1999
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.
Scheepsdalelaan 608000 BruggeGround area
927 m²
Building footprint
569 m²
Volume, LiDAR
5,099 m³
Parcel 31808K0728/00Y000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INVEDEL NV
since 19992.052.398.353
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0728/00Y000 | Flanders | 927 m² | 1 · 569 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 174 EUR awarded · 174 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 174 EUR | 174 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.