V.I.N.
ActiveSummary
V.I.N. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €658,129 and a net result of €51,435. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 6.04 against 6.38 in 2024; short-term debt: 15.8% and cash: 10.5% of total assets), and 16.4% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.6%
Return on assets
6.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
100 d early
2023
96 d early
2022
37 d early
2021
80 d early
2020
100 d early
2019
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 February (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€658,129▲ 1.8%
2024 · €646,693
Total assets
€787,082▲ 3.0%
2024 · €764,422
Net result
€51,435▲ 51.6%
2024 · €33,934
Working capital
€626,275▲ 3.4%
2024 · €605,434
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€95,394▼ 23.9%€68,463▼ 28.2%€35,997▼ 47.4%€46,627▲ 29.5%€61,934▲ 32.8%
Net result€77,756within the sector's middle half▼ 23.8%€52,646within the sector's middle half▼ 32.3%€26,605within the sector's middle half▼ 49.5%€33,934within the sector's middle half▲ 27.5%€51,435within the sector's middle half▲ 51.6%
Equity€588,509within the sector's middle half▲ 6.9%€616,155within the sector's middle half▲ 4.7%€627,760within the sector's middle half▲ 1.9%€646,693within the sector's middle half▲ 3.0%€658,129within the sector's middle half▲ 1.8%
Total assets€729,989within the sector's middle half▼ 2.9%€703,552within the sector's middle half▼ 3.6%€770,675within the sector's middle half▲ 9.5%€764,422within the sector's middle half▼ 0.8%€787,082within the sector's middle half▲ 3.0%
Debt€141,480▼ 29.7%€87,397▼ 38.2%€142,916▲ 63.5%€117,728▼ 17.6%€128,953▲ 9.5%
Working capital€528,148within the sector's middle half▼ 9.9%€549,286within the sector's middle half▲ 4.0%€595,052within the sector's middle half▲ 8.3%€605,434within the sector's middle half▲ 1.7%€626,275within the sector's middle half▲ 3.4%
Solvency80.6%above the sector's middle half▲ 7.4pp87.6%above the sector's middle half▲ 7.0pp81.5%above the sector's middle half▼ 6.1pp84.6%above the sector's middle half▲ 3.1pp83.6%above the sector's middle half▼ 1.0pp
Current ratio6.36above the sector's middle half▼ 1.167.34above the sector's middle half▲ 0.995.21above the sector's middle half▼ 2.146.38above the sector's middle half▲ 1.186.04above the sector's middle half▼ 0.34
Return on assets (ROA)10.7%within the sector's middle half▼ 2.9pp7.5%within the sector's middle half▼ 3.2pp3.5%within the sector's middle half▼ 4.0pp4.4%within the sector's middle half▲ 1.0pp6.5%within the sector's middle half▲ 2.1pp
Staff (FTE)2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=1within the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €787,082
Fixed assets
€36,473 ▼ 21.5%
Current assets
€750,609 ▲ 4.5%
Equity and liabilities €787,082
Equity
€658,129 ▲ 1.8%
Debt
€128,953 ▲ 9.5%
Debt's share of the balance-sheet total rises from 15.4% to 16.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85,421▲
2024 · €69,455
Cash flow
€74,922▲
2024 · €56,761
Quick ratio
2.09▲
2024 · 2.01
Debt to equity
0.20▲
2024 · 0.18
ROE
7.8%▲
2024 · 5.2%
Interest coverage
11.66▲
2024 · 9.32
Debt ≤ 1 year
€124,334▲
2024 · €112,515
Income taxes
€6,280▼
2024 · €8,742
Staff costs
€82,253▼
2024 · €128,838
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €111,251 | €121,522 | €128,838 | €82,253 | ▼ 36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,195 | €38,896 | €33,550 | €22,827 | €23,487 | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€7,796 | - | - | €83 | - |
| Other operating charges640/8 | - | €26,346 | €6,678 | €6,179 | €7,169 | ▲ 16.0% |
| Non-recurring operating charges66A | - | €58 | - | - | - | - |
| Gross operating margin9900 | €263,444 | €237,218 | €197,748 | €204,472 | €174,926 | ▼ 14.5% |
| Operating profit (loss)9901 | €95,394 | €68,463 | €35,997 | €46,627 | €61,934 | ▲ 32.8% |
| Financial income75/76B | - | €3,185 | €1,996 | €3,504 | €3,106 | ▼ 11.4% |
| Recurring financial income75 | €3,828 | €3,185 | €1,996 | €3,504 | €3,106 | ▼ 11.4% |
| Financial charges65/66B | - | €3,865 | €3,079 | €7,456 | €7,325 | ▼ 1.8% |
| Recurring financial charges65 | €7,443 | €3,865 | €3,079 | €7,456 | €7,325 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €91,779 | €67,783 | €34,914 | €42,676 | €57,715 | ▲ 35.2% |
| Income taxes67/77 | €14,023 | €15,137 | €8,309 | €8,742 | €6,280 | ▼ 28.2% |
| Profit (loss) for the period9904 | €77,756 | €52,646 | €26,605 | €33,934 | €51,435 | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €77,756 | €52,646 | €26,605 | €33,934 | €51,435 | ▲ 51.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €729,989 | €703,552 | €770,675 | €764,422 | €787,082 | ▲ 3.0% |
| Fixed assets21/28 | €103,255 | €67,683 | €34,133 | €46,473 | €36,473 | ▼ 21.5% |
| Tangible fixed assets22/27 | €103,255 | €67,683 | €34,133 | €46,473 | €36,473 | ▼ 21.5% |
| Plant, machinery and equipment23 | - | €43,546 | €26,926 | €31,285 | €21,899 | ▼ 30.0% |
| Furniture and vehicles24 | - | €14,916 | €3,567 | €1,718 | €1,557 | ▼ 9.4% |
| Other tangible fixed assets26 | - | €9,222 | €3,640 | €13,469 | €13,018 | ▼ 3.4% |
| Current assets29/58 | €626,734 | €635,868 | €736,542 | €717,949 | €750,609 | ▲ 4.5% |
| Stocks and contracts in progress3 | €443,620 | €473,589 | €488,259 | €491,297 | €491,297 | = |
| Stocks30/36 | - | €473,589 | €488,259 | €491,297 | €491,297 | = |
| Amounts receivable within one year40/41 | €90,125 | €69,538 | €85,297 | €178,928 | €168,764 | ▼ 5.7% |
| Trade receivables40 | - | €69,538 | €82,596 | €151,372 | €142,709 | ▼ 5.7% |
| Other amounts receivable41 | - | - | €2,700 | €27,556 | €26,055 | ▼ 5.4% |
| Cash at bank and in hand54/58 | €84,978 | €85,309 | €154,130 | €30,492 | €82,442 | ▲ 170% |
| Deferred charges and accrued income490/1 | - | €7,432 | €8,856 | €17,233 | €8,106 | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €729,989 | €703,552 | €770,675 | €764,422 | €787,082 | ▲ 3.0% |
| Equity10/15 | €588,509 | €616,155 | €627,760 | €646,693 | €658,129 | ▲ 1.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €526,509 | €554,155 | €565,760 | €584,693 | €596,129 | ▲ 2.0% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €42,612 | €42,612 | €42,612 | €42,612 | = |
| Distributable reserves133 | - | €505,343 | €516,948 | €535,881 | €547,317 | ▲ 2.1% |
| Amounts payable17/49 | €141,480 | €87,397 | €142,916 | €117,728 | €128,953 | ▲ 9.5% |
| Amounts payable after more than one year17 | €40,050 | - | - | - | - | - |
| Amounts payable within one year42/48 | €98,586 | €86,582 | €141,491 | €112,515 | €124,334 | ▲ 10.5% |
| Trade debts44 | €43,045 | €45,641 | €60,548 | €7,503 | €27,552 | ▲ 267% |
| Suppliers440/4 | - | €45,641 | €60,548 | €7,503 | €27,552 | ▲ 267% |
| Taxes, remuneration and social security45 | - | €15,941 | €15,942 | €10,012 | €6,782 | ▼ 32.3% |
| Taxes450/3 | - | €6,500 | €5,455 | €3,465 | - | - |
| Remuneration and social security454/9 | - | €9,441 | €10,487 | €6,547 | €6,782 | ▲ 3.6% |
| Other amounts payable47/48 | - | €25,000 | €65,000 | €95,000 | €90,000 | ▼ 5.3% |
| Accrued charges and deferred income492/3 | - | €815 | €1,425 | €5,213 | €4,619 | ▼ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,756 | €52,646 | €26,605 | €33,934 | €51,435 | ▲ 51.6% |
| + Depreciation and write-downs630 | €41,195 | €38,896 | €33,550 | €22,827 | €23,487 | ▲ 2.9% |
| Operating cash flow (approximation) | €118,951 | €91,542 | €60,155 | €56,761 | €74,922 | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | -€3,324 | €0 | -€35,167 | -€13,487 | ▲ 61.6% |
| Change in cash | - | €331 | €68,822 | -€123,639 | €51,951 | ▲ 142% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €26,605 ▼49.5%
Net result drops to €26,605, the lowest in the series; recovery starts the following year.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €101,997 ▲33%
Operating result €125,379, net result €101,997, both a record.
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500,000Eq €508,755 ▲6.6%
2 profitable years in a row build equity to €508,755.
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-02
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 12 acts read
About the unread acts
We know of 12 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
12 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, Wetteren · 1 establishment unit since 1991
Ground area
2,011 m²
Building footprint
750 m²
Volume, LiDAR
2,928 m³
Parcel 42012A0282/00K000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Lambroekstraat 147, 9230 Wetteren
since 19912.051.379.952
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42012A0282/00K000 | Flanders | 2,011 m² | 1 · 750 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- DMD PROJECTS
- V.I.N.
Highest known parent: DMD PROJECTS. The sources do not say who stands above it.
Owners 1
- DMD PROJECTSparent98%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 432 companies in sector 46869 we hold annual accounts for 244. 175 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-1990
Fiscal year end30-09
Activities, NACEBEL 2025
46841Wholesale trade
46869Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442707406
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.