Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
67 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Invisible Puppy from Kontich, company number BE0635475605, closed financial year 2025 with a result of € -179,235 after tax. For that financial year Invisible Puppy recorded revenue of € 267,037 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -502,917 to € -179,235. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -2.1 million
▼ € 179,235 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -179,235
▲ 64 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,582
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
4.4
▼ 8.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 140,560
▼ 86% vs 2024
€ 31,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 64,018
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,608
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,428,150 | € 2,065,193 | € 2,028,874 | € 267,037 | ▼ 87% |
| Gross margin | € 937,933 | € 478,609 | € 591,312 | € 72,728 | ▼ 88% |
| Profit after taxes | € 54,476 | € -225,129 | € -502,917 | € -179,235 | ▲ € 323,682 |
| Equity | € -1,184,535 | € -1,409,665 | € -1,912,582 | € -2,091,817 | ▼ € 179,235 |
| Total debts | € 1,901,069 | € 1,821,013 | € 2,199,218 | € 2,245,780 | ▲ 2% |
| Cash | € 28,058 | € 22,079 | € 11,955 | € 4,582 | ▼ 62% |
| Retained profit | € -1,246,535 | € -1,471,665 | € -1,974,582 | € -2,153,817 | ▼ € 179,235 |
| Balance sheet total | € 716,533 | € 411,349 | € 286,636 | € 153,963 | ▼ 46% |
| Employees (FTE) | 15 | 10.2 | 12.7 | 4.4 | ▼ 8.3 |
Key figures of Invisible Puppy, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Invisible Puppy?
What happened at Invisible Puppy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 179,235. Source: NBB ↗
- De Cronos Groep became a director. NBB
- New establishment in Kontich. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,476 profit in 2022 to € 179,235 loss in 2025.
Paid € 7,093 in corporate taxes since 2022.
Best year ever: 2022, with € 54,476 profit.
On average € 16,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Invisible Puppy is De Cronos Groep. The shares are held by KOO NV (86.6%) and De Cronos Groep NV (13.4%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Deroost
Owns 86.6% via KOO NV
Also active at: RESIDENCE LES ONDES, FOCUS ADVERTISING, Cronos, EECKHOUT JAN, VENTIGRATE, CRONOS PUBLIC SERVICES, Customer Link, Obycron +444 more
since 2026
Shareholders
KOO NV · holding of De Cronos Groep
86.6%
13.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veldkant 33 box A
2550 Kontich
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 67 companies are registered at this address.
All companies at this address →RESIDENCE LES ONDES same network
€ 135,611 revenue · 2025
VENTIGRATE same network
€ 3.1 million revenue · 2025
CRONOS PUBLIC SERVICES same network
€ 293.8 million revenue · 2025
Obycron same network
€ 14,675 revenue · 2025
De Cronos Groep same network
€ 35.7 million revenue · 2025
+62 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0635.475.605
- VAT number
- BE 0635.475.605
- Registered office
- Veldkant 33 bus A, 2550 Kontich
- Names & denominations
- Invisible Puppy
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van reclamebureaus
Markt- en opinieonderzoek