ACTIVE

INVICTIS

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Financial year 2025 · closed on 30/09/2025

Net result

83,4 k €

+23.9% YoY

Gross margin

118,9 k €

+22.0% YoY

Equity

216 k €

-29.6% YoY

What does INVICTIS do?

INVICTIS is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Kraainem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0829.098.392

Incorporation

08/09/2010

Legal form

Private limited company

Registered office

Avenue Centrale 10
1950 Kraainem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70210Public relations and communication activities 73300Advertising and market research 82100Office administrative and support activities 82110Combined office administrative service activities+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	118,9 k €	+22.0%	97,5 k €	+11.6%	87,3 k €	+6.3%	82,2 k €	-14.2%	95,8 k €	+10.9%	86,3 k €	+7.5%	80,3 k €	-17.6%	97,4 k €	-17.3%	117,7 k €	+26.2%	93,3 k €	+13.1%	82,5 k €	-2.9%	85 k €	+30.3%	65,2 k €	+11.1%	58,7 k €
EBITDA	117,7 k €	+21.8%	96,6 k €	+11.7%	86,5 k €	+7.0%	80,8 k €	-14.9%	95 k €	+11.0%	85,6 k €	+9.9%	77,8 k €	-19.2%	96,3 k €	-17.6%	116,9 k €	+26.5%	92,4 k €	+15.1%	80,3 k €	-4.7%	84,2 k €	+30.2%	64,7 k €	+13.9%	56,8 k €
Operating result	114,1 k €	+23.0%	92,8 k €	+10.4%	84 k €	+9.9%	76,4 k €	-15.1%	90 k €	+9.4%	82,3 k €	+7.5%	76,6 k €	-19.4%	95,1 k €	-17.8%	115,7 k €	+27.0%	91 k €	+15.8%	78,6 k €	-4.4%	82,2 k €	+28.6%	63,9 k €	+13.6%	56,3 k €
Net result	83,4 k €	+23.9%	67,3 k €	+14.9%	58,5 k €	+9.7%	53,3 k €	-23.2%	69,5 k €	+6.3%	65,3 k €	+27.3%	51,3 k €	-16.7%	61,6 k €	-8.9%	67,6 k €	+20.2%	56,2 k €	+2.3%	55 k €	+2.6%	53,6 k €	+30.7%	41 k €	+18.2%	34,7 k €
Balance sheet
Equity	216 k €	-29.6%	306,6 k €	-1.3%	310,7 k €	+2.4%	303,4 k €	-30.9%	439,2 k €	+18.8%	369,7 k €	+21.1%	305,2 k €	+20.2%	253,9 k €	+32.0%	192,3 k €	+54.2%	124,7 k €	+82.2%	68,4 k €	+408%	13,5 k €	-45.9%	24,9 k €	+129%	10,9 k €
Total assets	420,2 k €	+4.7%	401,6 k €	-14.5%	469,6 k €	+11.0%	423,2 k €	-11.6%	478,7 k €	+19.6%	400,4 k €	+5.6%	379,2 k €	+25.3%	302,5 k €	+26.0%	240 k €	+47.4%	162,8 k €	+50.4%	108,2 k €	-4.1%	112,9 k €	+32.9%	84,9 k €	+27.9%	66,4 k €
Cash	54,8 k €	-84.2%	347,1 k €	-18.8%	427,2 k €	+10.6%	386,4 k €	+31.1%	294,6 k €	+34.1%	219,8 k €	+4.5%	210,4 k €	+6.1%	198,3 k €	+24.7%	159 k €	+32.5%	120 k €	+197%	40,4 k €	+95.3%	20,7 k €	-63.9%	57,4 k €	+66.6%	34,5 k €
Debts	204,3 k €	+115%	94,9 k €	-39.6%	157,3 k €	+31.3%	119,8 k €	+205%	39,3 k €	+28.2%	30,7 k €	-58.0%	73,1 k €	+50.7%	48,5 k €	+1.6%	47,7 k €	+25.2%	38,1 k €	-4.2%	39,8 k €	-59.8%	99 k €	+65.2%	59,9 k €	+9.0%	55 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Vincent GENART

Director · since 09 septembre 2010

Active

Ended mandates

Vincent Genart

Manager · since 08 septembre 2010

Ended

Vincent Genart

Manager · since 03 septembre 2010

Ended

Vincent GENART

Director · since 03 septembre 2010

Ended

Vincent Genart

Director · until 31 décembre 2099

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/03/2026	03/12/2024	29/01/2024	26/01/2023	17/11/2021	04/01/2021
General meeting	04/03/2026	26/11/2024	11/12/2023	25/11/2022	16/11/2021	11/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	04/03/2026	05/03/2026	Dutch	PDF
Micro model	30/09/2024	26/11/2024	03/12/2024	Dutch	PDF
Micro model	30/09/2023	11/12/2023	29/01/2024	Dutch	PDF
Micro model	30/09/2022	25/11/2022	26/01/2023	Dutch	PDF
Micro model	30/09/2021	16/11/2021	17/11/2021	Dutch	PDF
Micro model	30/09/2020	11/12/2020	04/01/2021	Dutch	PDF
Micro model	30/09/2019	16/12/2019	09/01/2020	French	PDF
Micro model	30/09/2018	20/11/2018	03/01/2019	Dutch	PDF
Micro model	30/09/2017	29/11/2017	08/01/2018	French	PDF
Abridged model	30/09/2016	28/11/2016	09/12/2016	French	PDF
Abridged model	30/09/2015	20/11/2015	11/01/2016	French	PDF
Abridged model	30/09/2014	19/12/2014	19/12/2014	French	PDF
Abridged model	30/09/2013	26/11/2013	26/11/2013	French	PDF
Abridged model	30/09/2012	27/12/2012	07/02/2013	French	PDF
Abridged model	30/09/2011	19/12/2011	23/04/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Vincent GENART

Director · since 09 septembre 2010

Active

Ended mandates

Vincent Genart

Manager · since 08 septembre 2010

Ended

Vincent Genart

Manager · since 03 septembre 2010

Ended

Vincent GENART

Director · since 03 septembre 2010

Ended

Vincent Genart

Director · until 31 décembre 2099

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/05/2018
SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other17/09/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202583,4 k €↑
2024
Annual accounts 202467,3 k €↑
2023
Annual accounts 202358,5 k €↑
2022
Annual accounts 202253,3 k €↓
2020
Annual accounts 202069,5 k €↑
2019
Annual accounts 201965,3 k €↑
2018
Annual accounts 201851,3 k €↓
2017
Annual accounts 201761,6 k €↓
2016
Annual accounts 201667,6 k €↑
2015
Annual accounts 201556,2 k €↑
2014
Annual accounts 201455 k €↑
2013
Annual accounts 201353,6 k €↑
2012
Annual accounts 201241 k €↑
2011
Annual accounts 201134,7 k €
08/09/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

INVICTIS

Overview

What does INVICTIS do?

Trend over 14 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline