INVICTO
ActiveSummary
INVICTO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-31k) and a net result of €5k. Equity is shrinking by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+3
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.32 in 2024; short-term debt: 144.7% and cash: 12.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-44.7%
Return on assets
7.4%
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 13% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
8 d early
2023
54 d late
2022
3 d early
2021
5 d early
2020
4 d early
2019
2 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-31k▲ 14.2%
2024 · €-36k
2019: €39khighest in 7 years
2020: €35k▼ -10.4% vs 2019
2021: €27k▼ -23.5% vs 2020
2022: €19k▼ -27.7% vs 2021
2023: €-42k▼ -315% vs 2022lowest in 7 years
2024: €-36k▲ +13.1% vs 2023
2025: €-31k▲ +14.2% vs 2024
2019 → 2025
Total assets
€69k▼ 6.8%
2024 · €74k
2019: €52k
2020: €50k▼ -3.7% vs 2019
2021: €33k▼ -34.9% vs 2020
2022: €22k▼ -34.1% vs 2021lowest in 7 years
2023: €45k▲ +110% vs 2022
2024: €74k▲ +64.0% vs 2023highest in 7 years
2025: €69k▼ -6.8% vs 2024
2019 → 2025
Net result
€5k▼ 5.9%
2024 · €5k
2019: €974
2020: €-4k▼ -516% vs 2019
2021: €-8k▼ -103% vs 2020
2022: €-7k▲ +10.1% vs 2021
2023: €-61k▼ -725% vs 2022lowest in 7 years
2024: €5k▲ +109% vs 2023highest in 7 years
2025: €5k▼ -5.9% vs 2024
2019 → 2025
Working capital
€-82k▼ 9.9%
2024 · €-75k
2019: €39khighest in 7 years
2020: €35k▼ -10.3% vs 2019
2021: €24k▼ -29.6% vs 2020
2022: €17k▼ -31.1% vs 2021
2023: €-79k▼ -569% vs 2022
2024: €-75k▲ +4.7% vs 2023
2025: €-82k▼ -9.9% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€19k▼ 27.7%€-42k€-36k▲ 13.1%€-31k▲ 14.2%
2021: €27khighest in 5 years
2022: €19k▼ -27.7% vs 2021
2023: €-42k▼ -315% vs 2022lowest in 5 years
2024: €-36k▲ +13.1% vs 2023
2025: €-31k▲ +14.2% vs 2024
Operating result€-7k-€-3k▲ 52.6%€-60k▼ 1,636%€9k€7k▼ 17.0%
2021: €-7k
2022: €-3k▲ +52.6% vs 2021
2023: €-60k▼ -1636% vs 2022lowest in 5 years
2024: €9k▲ +114% vs 2023highest in 5 years
2025: €7k▼ -17.0% vs 2024
Net result€-8k-€-7k▲ 10.1%€-61k▼ 725%€5k€5k▼ 5.9%
2021: €-8k
2022: €-7k▲ +10.1% vs 2021
2023: €-61k▼ -725% vs 2022lowest in 5 years
2024: €5k▲ +109% vs 2023highest in 5 years
2025: €5k▼ -5.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€51k ▲ 30.0%
Current assets
€18k ▼ 48.5%
Key figures and ratios
EBITDA
€20k▲
2024 · €18k
Cash flow
€18k▲
2024 · €14k
Solvency
-44.7%▲
2024 · -48.6%
Current ratio
0.18▼
2024 · 0.32
Quick ratio
0.12▼
2024 · 0.30
Debt to equity
-3.24▼
2024 · -3.06
ROA
7.4%▲
2024 · 7.3%
Interest coverage
11.32▲
2024 · 5.63
Debt
€100k▼
2024 · €111k
Debt ≤ 1 year
€100k▼
2024 · €110k
Income taxes
€310▲
2024 · €115
Staff costs
€500▼
2024 · €7k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€69k▼
Fixed assets21/28€40k€51k▲
Tangible fixed assets22/27€35k€47k▲
Land and buildings22€4k€4k▼
Plant, machinery and equipment23€9k€9k▲
Furniture and vehicles24€22k€34k▲
Financial fixed assets28€5k€5k=
Current assets29/58€35k€18k▼
Stocks and contracts in progress3€2k€6k▲
Stocks30/36€2k€6k▲
Amounts receivable within one year40/41€26k€267▼
Trade receivables40€26k€267▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€7k€9k▲
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€74k€69k▼
Equity10/15€-36k€-31k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-55k€-50k▲
Amounts payable17/49€111k€100k▼
Amounts payable within one year42/48€110k€100k▼
Trade debts44€21k€5k▼
Suppliers440/4€21k€5k▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€1k€629▼
Remuneration and social security454/9€500€500=
Other amounts payable47/48€87k€94k▲
Accrued charges and deferred income492/3€700€0▼
Income statement
Code20242025
Non-recurring operating income76A€24€20▼
Remuneration, social security and pensions62€7k€500▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€29k€24k▼
Operating profit (loss)9901€9k€7k▼
Financial income75/76B€37€49▲
Recurring financial income75€37€49▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€6k€5k▼
Income taxes67/77€115€310▲
Profit (loss) for the period9904€5k€5k▼
Profit (loss) for the period to be appropriated9905€5k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-50k▲
Profit (loss) brought forward from the previous period14P€-60k€-55k▲
Transfer from equity791/2€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €24 | €20 | ▼ 16.7% |
| Remuneration, social security and pensions62 | - | - | €17k | €7k | €500 | ▼ 93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €543 | €877 | €3k | €9k | €13k | ▲ 45.9% |
| Other operating charges640/8 | - | €1k | €974 | €4k | €4k | ▼ 7.9% |
| Gross operating margin9900 | €-6k | €-1k | €-39k | €29k | €24k | ▼ 16.2% |
| Operating profit (loss)9901 | €-7k | €-3k | €-60k | €9k | €7k | ▼ 17.0% |
| Financial income75/76B | - | - | €366 | €37 | €49 | ▲ 32.1% |
| Recurring financial income75 | €877 | - | €366 | €37 | €49 | ▲ 32.1% |
| Financial charges65/66B | - | €3k | €906 | €3k | €2k | ▼ 42.8% |
| Recurring financial charges65 | €1k | €3k | €906 | €3k | €2k | ▼ 42.8% |
| Profit (loss) for the period before taxes9903 | €-8k | €-7k | €-61k | €6k | €5k | ▼ 2.3% |
| Income taxes67/77 | €352 | €606 | €355 | €115 | €310 | ▲ 169% |
| Profit (loss) for the period9904 | €-8k | €-7k | €-61k | €5k | €5k | ▼ 5.9% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-7k | €-61k | €5k | €5k | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33k | €22k | €45k | €74k | €69k | ▼ 6.8% |
| Fixed assets21/28 | €2k | €3k | €37k | €40k | €51k | ▲ 30.0% |
| Tangible fixed assets22/27 | €2k | €3k | €37k | €35k | €47k | ▲ 34.2% |
| Land and buildings22 | - | - | €3k | €4k | €4k | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €3k | €9k | €9k | €9k | ▲ 0.8% |
| Furniture and vehicles24 | - | - | €25k | €22k | €34k | ▲ 57.0% |
| Financial fixed assets28 | - | - | - | €5k | €5k | = |
| Current assets29/58 | €30k | €19k | €8k | €35k | €18k | ▼ 48.5% |
| Stocks and contracts in progress3 | - | - | - | €2k | €6k | ▲ 154% |
| Stocks30/36 | - | - | - | €2k | €6k | ▲ 154% |
| Amounts receivable within one year40/41 | €9k | €12k | €2k | €26k | €267 | ▼ 99.0% |
| Trade receivables40 | - | €10k | €1k | €26k | €267 | ▼ 99.0% |
| Other amounts receivable41 | - | €1k | €981 | €0 | - | - |
| Cash at bank and in hand54/58 | €16k | €3k | €4k | €7k | €9k | ▲ 36.3% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €0 | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33k | €22k | €45k | €74k | €69k | ▼ 6.8% |
| Equity10/15 | €27k | €19k | €-42k | €-36k | €-31k | ▲ 14.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €8k | €714 | €0 | - | - | - |
| Distributable reserves133 | - | €714 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | €-60k | €-55k | €-50k | ▲ 9.4% |
| Amounts payable17/49 | €6k | €2k | €87k | €111k | €100k | ▼ 9.2% |
| Amounts payable within one year42/48 | €6k | €2k | €87k | €110k | €100k | ▼ 8.7% |
| Trade debts44 | €2k | €196 | €14k | €21k | €5k | ▼ 77.0% |
| Suppliers440/4 | - | €196 | €14k | €21k | €5k | ▼ 77.0% |
| Taxes, remuneration and social security45 | - | €2k | €11k | €2k | €1k | ▼ 34.9% |
| Taxes450/3 | - | €2k | €2k | €1k | €629 | ▼ 49.0% |
| Remuneration and social security454/9 | - | - | €9k | €500 | €500 | = |
| Other amounts payable47/48 | - | - | €62k | €87k | €94k | ▲ 8.1% |
| Accrued charges and deferred income492/3 | - | - | €192 | €700 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-7k | €-61k | €5k | €5k | ▼ 5.9% |
| + Depreciation and write-downs630 | €543 | €877 | €3k | €9k | €13k | ▲ 45.9% |
| Operating cash flow (approximation) | €-8k | €-7k | €-58k | €14k | €18k | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | €-1k | €-38k | €-11k | €-25k | ▼ 123% |
| Change in cash | - | €-13k | €749 | €3k | €2k | ▼ 20.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hamme (Vl.) · 2 establishment units since 1993
Ground area
2,220 m²
Building footprint
357 m²
Volume, LiDAR
2,328 m³
2 parcels, Flanders · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Drapstraat 17, 9220 Hamme (Vl.)
since 19932.062.051.041
The Queen’s Head
since 20232.350.137.477
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B0232/00P000 | Flanders | 2,035 m² | 1 · 164 m² | 18.2 m · 2 fl. |
| 42006D0206/00M002 | Flanders | 185 m² | 1 · 193 m² | 15.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.350.137.477
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Algo Mas
BE 0758.933.443
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BE 0685.800.985
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Of 1,511 companies in sector 47540 we hold annual accounts for 805. 389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.