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INVINEO

Active
Public limited company·Groothandel in wijnen en geestrijke dranken· 11 yrs active
Rue de Thon 67 ·5300 Andenne, Belgium
KBO/BCE: BE 0633.941.718
Watch Print / PDF
Age11 yrs
Staff (FTE)19.4
Real estate2 parcels · 1.1 ha

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for INVINEO (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-1.18M) and a net result of €-6.82M.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-07-2024, 13 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 8 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 18-07-2024 13 d early 2024-00270367
31-12-2022 31-07-2023 30-08-2023 30 d late 2023-00416014
31-12-2021 31-07-2022 24-08-2022 24 d late 2022-20340207
31-12-2020 31-07-2021 08-07-2021 23 d early 2021-33800196
31-12-2019 31-07-2020 21-09-2020 52 d late 2020-55100242
31-12-2018 31-07-2019 12-06-2019 49 d early 2019-18200553
31-12-2017 31-07-2018 28-06-2018 33 d early 2018-27600207
31-12-2016 31-07-2017 26-06-2017 35 d early 2017-21500592

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€23k
EBIT margin-2104.6%
Net result€-6.82M-221.4%
Working capital€-131k

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 18-07-2024 with the NBB · fiscal year 2023 · volledig
€-8.00M€-6.00M€-4.00M€-2.00M€0Operating result 2019: €-821k€-821kNet result 2019: €-2.60M€-2.60MOperating result 2020: €-800k€-800kNet result 2020: €-3.43M€-3.43MOperating result 2021: €-1.15M€-1.15MNet result 2021: €-1.16M€-1.16MOperating result 2022: €-1.99M€-1.99MNet result 2022: €-2.12M€-2.12MOperating result 2023: €-7.65M€-7.65MNet result 2023: €-6.82M€-6.82M20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -101.9% 29.7%
better than 5% of 586 sector peers
Net result €-6.82M €38k
better than 5% of 585 sector peers
Equity €-1.18M €481k
better than 5% of 586 sector peers
Gross operating margin €-901k €106k
better than 5% of 358 sector peers
Staff costs €1.02M €506k
higher than 65% of 441 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P5
2020: P91 · n=3572021: P88 · n=4282022: P53 · n=5072023: P5 · n=5862020 2023
Weakening position over 2020-2023 · n=357-586
Net result P5
2020: P5 · n=3572021: P5 · n=4282022: P5 · n=5062023: P5 · n=5852020 2023
Stable position over 2020-2023 · n=357-585
Equity P5
2020: P74 · n=3572021: P75 · n=4282022: P65 · n=5072023: P5 · n=5862020 2023
Weakening position over 2020-2023 · n=357-586
Gross operating margin P5
2020: P5 · n=1792021: P5 · n=2362022: P5 · n=2972023: P5 · n=3582020 2023
Stable position over 2020-2023 · n=179-358
Describes the position versus peers, not a forecast.
Revenue
€23k
- 18-23
EBITDA
€-6.93M
-393.5% 18-23
Net profit
€-6.82M
-221.4% 18-23
Cash flow
€-6.10M
-296.8% 18-23
Total assets
€1.16M
-79.4% 18-23
Equity
€-1.18M
- 18-23
Working capital
€-131k
- 18-23
Employees (FTE)
19
+45.9% 18-23
Staff costs
€1.02M
+49.0% 18-23
Income taxes
€0
-100.0% 18-23
Debt
€1.81M
-51.6% 18-23
Debt ≤ 1y
€928k
+11.3% 18-23
Debt > 1y
€867k
-69.4% 18-23
Current ratio
0.86
-25.2% 18-23
Quick ratio
0.77
-28.6% 18-23
Solvency
-101.9%
- 18-23
Debt / equity
-1.53
- 18-23
ROE
577.4%
- 18-23
ROA
-588.3%
-1460.5% 18-23
Net margin
-7551.0%
- 18-23
EBITDA margin
-1940.8%
- 18-23
Interest coverage
-73.09
-585.7% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA€-6.93M
Net profit€-6.82M
Cash flow€-6.10M
Staff costs€1.02M
Income taxes€0
Dividends-
Total assets€1.16M
Equity€-1.18M
Debt€1.81M
of which ≤ 1y€928k
of which > 1y€867k
Working capital€-131k
Employees (FTE)19.4
Ratios (computed)
2023
Current ratio0.86
Quick ratio0.77
Working capital ratio-11.3%
Solvency-101.9%
Debt / equity-1.53
Long-term debt ratio-0.73
Interest coverage-73.09
Gross margin-
Net margin-
ROA-588.3%
ROE577.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.16M
Fixed assets 21/28€362k
Tangible fixed assets 22/27€361k
Financial fixed assets 28€700
Current assets 29/58€797k
Stocks & contracts in progress 3€82k
Amounts receivable within one year 40/41€602k
Cash & bank 54/58€65k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.16M
Equity 10/15€-1.18M
Contributions / capital 10/11€12.35M
Accumulated profits (losses) 14€-13.53M
Provisions & deferred taxes 16€534k
Amounts payable 17/49€1.81M
Amounts payable after one year 17€867k
Amounts payable within one year 42/48€928k
Trade debts payable within one year 44€405k
Income statement
Gross operating margin 9900€-901k
Operating result 9901€-7.65M
Financial income 75€926k
Financial charges 65€95k
Result before taxes 9903€-6.82M
Income taxes 67/77€0
Net result for the period 9904€-6.82M
Result to be appropriated 9905€-6.82M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Rue de Thon 675300 Andenne

Establishment units

2 locations
INVINEO
Rue de Thon 67, 5300 AndenneHandelsbemiddeling in goederen, algemeen assortiment
since 20152.257.067.957
INVINEO
Rue des Résistants, Gd-M. 22, 5030 GemblouxHandelsbemiddeling in goederen, algemeen assortiment
since 20192.286.027.308
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.1 ha
Buildings1
Building footprint536 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92124C0006/00M000 Wallonia 9,281 m² 1 · 536 m² -
92255B0034/00M000 Wallonia 1,328 m² - -
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgisch Staatsblad · acts

2 acts
Capital history · 2
10-10-2023
Capital change
11-08-2023
Capital change
All acts · 2 updated 2 years ago
2023
10-10-2023 Capital increase of €3,318,230.56 to €6,709,230.56 Capital & shares·Gérard INDEKEU
  • €3.391.000 → €6.709.230,56
  • Inbreng in geld · Apport en numéraire
  • 5 kapitaalbewegingen in deze akte
Notary: Gérard INDEKEU · Bruxelles
11-08-2023 Capital increase of €3,318,230.56 to €11,520,858.51 Capital & shares·Gérard INDEKEU
  • €8.202.627,95 → €11.520.858,51
  • 10 kapitaalbewegingen in deze akte
Notary: Gérard INDEKEU · Bruxelles

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency41Growth32Stability0
35 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 41
Growth 32
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 109 of the 1,047 companies in this sector. 18 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in wijnen en geestrijke dranken46341Groothandel in wijnen en geestrijke dranken46341Vervaardiging van andere voedingsmiddelen, n.e.g.10890Vervaardiging van andere voedingsmiddelen, neg10890Vervaardiging van cider en van andere vruchtenwijnen11030Vervaardiging van cider en andere gefermenteerde vruchtendranken11030Groothandel in andere voedingsmiddelen, n.e.g.46389Groothandel in andere voedingsmiddelen, neg46389
Primary activity highlighted.
Names & trade names
Legal nameFR INVINEO
Registered office
Rue de Thon 67
5300 Andenne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.