Equity
€1.8m from €4.5m in 2022
Equity fell by 59% in 3 years.
VYTECH MENEN
Lifetime
19 annual accounts with figures on one time axis, 30 filings since 1994peak €7.2m (2024)
-not published
lowest -€4.4m (2025)
-€4.4m▼ €3.8m
peak €4.5m (2022)
€1.8m▼ 46.3%
€9.3m▼ 20.8%
peak 82.6 FTE (2022)
76.1 FTE▼ 4.4%
Board9 names since 2021
3 directorsVYTECH GROUP and 2 others
Owners3 names in the annual accounts
100%IMMAN L4 and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Loss of €4.4mCapital contribution of €3,650,000 30-072 directors appointed, 2 resignations 27-02Equity from €3.4m to €1.8mDebts from €11.7m to €9.3m
Key points
from the 2025 annual accountsLosses
-€5.5m in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€9.3m 82% of the balance sheet
Financial debts 44%Suppliers 21%Taxes and wages 8%Other 26%
€4.9m of the debts are secured on the company's own assets. In 2021 that was €8.3m.
Investments
€42,014 0.0 × depreciation
Green is investment, beige is depreciation.
Filings
30 annual accounts 31 filings since 1994
Seven of the last ten came late. The 2021 accounts came latest: 66 days after the end of the period.
Position in the sector
-€4.4m
Lower net result than 95% of companies in wholesale trade. Sector median €110,308 · 6,122 companies.
Net result -611%: other schema
Checked score
54
Fair
Financially stronger than 25% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 746 companies (NACE 46, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 0.9%▼ -0.1 percentage points vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%▼ -0.1 percentage points vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%▼ -0.1 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026lowest value
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 1.4%● unchanged vs 08-2026highest value
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €4.4m, the second in a row (financial year 2025)
Equity €1.8m (16.1% of total assets)
Sector: Wholesale trade (NACE 46)
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized). It does better than 20% of them on solvency, 40% on liquidity, 35% on profitability and 5% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,608 companies had the same profile as VYTECH MENEN has now. Each dot stands for 5 companies, two years later.
88.9%
were still trading
6.7%
stopped another way
4.1%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VYTECH MENEN itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,608 companies, not a prediction for VYTECH MENEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €95,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.83 (0.69 in 2024), below 1. Short-term debt is 52.4% and cash 7.3% of total assets. 83.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4.4m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6189 sector peers (2025).
NBB · sector comparisonPosition among 6189 sector peers
Solvency
better than 18%
← 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
42 days early
2023
29 days late
2022
31 days late
2021
66 days late
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Capital contribution of €3,650,000
Appointment: Moore Audit BV (statutory auditor) · A shareholder holds all the shares · Gazette deed
2 directors appointed, 2 resignations
Resignations: VYBROS INVEST BV and VYBROS NV · Permanent representatives: Stijn Nauts, Guy Vande Vyvere and Kristof Dockers · Appointments: VYBROS CAPITAL PARTNERS BV and VCP GP BV · General meeting of 06-02-2025 · Gazette deed
Company renamed from DEMEYER GEERT to VYTECH MENEN
Capital contribution of €350,000 · Resignations: Guy Vande Vyvere, Vytech and Vybros Invest · Reappointments: Guy Vande Vyvere, Vytech and Vybros Invest · Gazette deed
Merger: Demeyer Geert takes over BERLE
Dissolution of the company · Dissolved without liquidation · Books and records kept by Demeyer Geert · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VYTECH MENEN Menen | €13.4m | 2.5% | 16.1% | 76.1 |
| DOKA Ternat | €22.4m | 17.7% | 32.3% | 63.6 |
| BIA OVERSEAS Overijse | €9.8m | 2.7% | 44.1% | 40.5 |
| Verhelst Machines Ostend | €15.1m | -4.6% | 0.6% | 38.8 |
| I.T.M. Sales and Services Peer | €12.2m | 2.7% | 18.2% | 26.4 |
| BMWILL Herstal | €20.9m | 5.1% | 33.7% | 29.3 |
| BELGIAN LIFTING & EQUIPMENT COMPANY Willebroek | €14.8m | 0.8% | 28.5% | 19.5 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VYTECH MENEN: wholesale trade (NACE 46630). They are comparable in size and age: total assets between €8.2m and €35m, founded between 1980 and 1997.
Official details
Source: KBO- Status
- Active since 07-04-1994Normal situation
- Activity
- Wholesale tradeNACE 46630and 3 others
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.125.258.9148930 Menen, since 22-04-2003
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €11.3m▼ 26.2%
- Employeeson 31-12-2025
- 80▲ 1.3%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on VYTECH MENEN
VYTECH MENEN has existed since 1994. The gross margin grew from €1.7m in 2006 to €7.2m in 2024 and staff from 32.6 to 79.6 full-time equivalents.
Solvency fell in 2025 from 22.1% to 16.1% because of the loss.
IMMAN L4 holds all the shares. In January 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VYTECH MENEN
- What is the company number of VYTECH MENEN?
- The company number of VYTECH MENEN is 0452.502.525. The VAT number is the same number with BE in front: BE 0452.502.525.
- Where is VYTECH MENEN based?
- The registered office is at Krommebeekstraat 15, 8930 Menen.Company details
- What does VYTECH MENEN do?
- According to the KBO register, the main activity is wholesale trade (NACE 46630).
- What is the legal form of VYTECH MENEN?
- VYTECH MENEN is a private limited company (BV).
- When was VYTECH MENEN founded?
- VYTECH MENEN was founded on 07-04-1994.
- Is VYTECH MENEN still active?
- Yes, VYTECH MENEN is an active enterprise in the KBO register.
- How many employees does VYTECH MENEN have?
- VYTECH MENEN had an average of 76.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VYTECH MENEN fall under?
- In its 2025 annual accounts, VYTECH MENEN states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of VYTECH MENEN?
- The turnover of VYTECH MENEN was €13.4m in financial year 2025, according to the filed annual accounts.
- Is VYTECH MENEN profitable?
- In financial year 2025, VYTECH MENEN made a loss of €4.4m.
- Where can I find the annual accounts of VYTECH MENEN?
- VYTECH MENEN filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VYTECH MENEN due?
- VYTECH MENEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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