VACK
ActiveSummary
VACK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €210,882. Equity is growing by ~42.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+1
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 5.03 against 3.98 in 2024; short-term debt: 17.7% and cash: 13.3% of total assets), and 17.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
82.3%
Return on assets
12.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
26 d late
2023
23 d late
2022
24 d late
2021
24 d late
2020
87 d late
2019
102 d late
← 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 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 fastest grower in Bornem, Wholesale and retail trade sector
Turnover
€2.2m▼ 49.3%
2024 · €4.3m
EBIT margin
13.3%▲ 4.1pp
2024 · 9.2%
Net result
€210,882▼ 27.4%
2024 · €290,302
Working capital
€1.2m▲ 11.0%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.3m€2.2m▼ 49.3%
Operating result€156,646▼ 40.8%€288,340▲ 84.1%€357,650▲ 24.0%€393,918▲ 10.1%€288,498▼ 26.8%
Net result€114,779▼ 41.0%€217,037▲ 89.1%€264,469▲ 21.9%€290,302▲ 9.8%€210,882▼ 27.4%
EBIT margin9.2%13.3%▲ 4.1pp
Equity€415,409▲ 38.2%€632,447▲ 52.2%€896,915▲ 41.8%€1.2m▲ 32.4%€1.4m▲ 17.8%
Total assets€656,268▼ 12.0%€1.3m▲ 95.0%€1.3m▲ 0.4%€1.6m▲ 20.9%€1.7m▲ 9.3%
Debt€240,859▼ 45.9%€647,335▲ 169%€388,107▼ 40.0%€366,588▼ 5.5%€300,973▼ 17.9%
Working capital€386,320▲ 52.6%€619,313▲ 60.3%€859,294▲ 38.7%€1.1m▲ 27.1%€1.2m▲ 11.0%
Staff (FTE)8.4▼ 10.6%10.2▲ 21.4%12.6▲ 23.5%13.4▲ 6.3%11.2▼ 16.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€185,411 ▲ 95.1%
Current assets
€1.5m ▲ 3.8%
Equity and liabilities €1.7m
Equity
€1.4m ▲ 17.8%
Debt
€300,973 ▼ 17.9%
Debt's share of the balance-sheet total falls from 23.6% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€319,213▼
2024 · €409,769
Cash flow
€241,597▼
2024 · €306,153
Current ratio
5.03▲
2024 · 3.98
Quick ratio
4.38▲
2024 · 3.08
Debt to equity
0.22▼
2024 · 0.31
ROE
15.1%▼
2024 · 24.5%
ROA
12.4%▼
2024 · 18.7%
Interest coverage
2084.45▲
2024 · 1331.28
Debt ≤ 1 year
€300,973▼
2024 · €366,588
Income taxes
€76,116▼
2024 · €103,294
Staff costs
€676,560▼
2024 · €787,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.0m | €2.7m | ▼ 45.8% |
| Turnover70 | - | - | - | €4.3m | €2.2m | ▼ 49.3% |
| Other operating income74 | - | - | - | €587,651 | €562,575 | ▼ 4.3% |
| Non-recurring operating income76A | - | - | - | €175,000 | - | - |
| Operating charges60/66A | - | - | - | €4.6m | €2.4m | ▼ 47.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €3.3m | €1.1m | ▼ 67.7% |
| Purchases600/8 | - | - | - | €3.0m | €935,806 | ▼ 68.5% |
| Change in stocks: decrease (increase)609 | - | - | - | €282,845 | €116,205 | ▼ 58.9% |
| Services and other goods61 | - | - | - | €577,830 | €655,072 | ▲ 13.4% |
| Remuneration, social security and pensions62 | €396,149 | €486,609 | €693,762 | €787,284 | €676,560 | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,032 | €18,949 | €16,440 | €15,851 | €30,715 | ▲ 93.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €29,853 | €16,668 | €26,634 | -€9,766 | €20,241 | ▲ 307% |
| Other operating charges640/8 | €5,874 | €5,081 | €6,223 | €16,323 | €6,572 | ▼ 59.7% |
| Non-recurring operating charges66A | - | - | - | €1,688 | €2,488 | ▲ 47.4% |
| Gross operating margin9900 | €612,554 | €815,648 | €1.1m | - | - | - |
| Operating profit (loss)9901 | €156,646 | €288,340 | €357,650 | €393,918 | €288,498 | ▼ 26.8% |
| Financial income75/76B | €620 | €8,777 | €1,850 | €2,232 | €907 | ▼ 59.3% |
| Recurring financial income75 | €620 | €8,777 | €1,850 | €2,232 | €907 | ▼ 59.3% |
| Other financial income752/9 | - | - | - | €2,232 | €907 | ▼ 59.3% |
| Financial charges65/66B | €2,197 | €4,846 | €2,533 | €2,553 | €2,407 | ▼ 5.7% |
| Recurring financial charges65 | €2,197 | €4,846 | €2,533 | €2,553 | €2,407 | ▼ 5.7% |
| Debt charges650 | - | - | - | €308 | €153 | ▼ 50.2% |
| Other financial charges652/9 | - | - | - | €2,246 | €2,254 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €155,068 | €292,271 | €356,967 | €393,596 | €286,998 | ▼ 27.1% |
| Income taxes67/77 | €40,289 | €75,233 | €92,498 | €103,294 | €76,116 | ▼ 26.3% |
| Taxes670/3 | - | - | - | €103,294 | €76,116 | ▼ 26.3% |
| Profit (loss) for the period9904 | €114,779 | €217,037 | €264,469 | €290,302 | €210,882 | ▼ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €114,779 | €217,037 | €264,469 | €290,302 | €210,882 | ▼ 27.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €656,268 | €1.3m | €1.3m | €1.6m | €1.7m | ▲ 9.3% |
| Fixed assets21/28 | €29,089 | €15,400 | €38,404 | €95,053 | €185,411 | ▲ 95.1% |
| Tangible fixed assets22/27 | €29,089 | €15,400 | €38,404 | €95,053 | €185,411 | ▲ 95.1% |
| Plant, machinery and equipment23 | €2,182 | €5,873 | €5,831 | €7,787 | €11,649 | ▲ 49.6% |
| Furniture and vehicles24 | €7,779 | €3,478 | €2,039 | €863 | €5,479 | ▲ 535% |
| Other tangible fixed assets26 | €19,128 | €6,049 | €30,535 | €86,403 | €168,283 | ▲ 94.8% |
| Current assets29/58 | €627,179 | €1.3m | €1.2m | €1.5m | €1.5m | ▲ 3.8% |
| Stocks and contracts in progress3 | €280,556 | €524,551 | €603,985 | €330,906 | €194,460 | ▼ 41.2% |
| Stocks30/36 | €280,556 | €524,551 | €603,985 | €330,906 | €194,460 | ▼ 41.2% |
| Goods purchased for resale34 | - | - | - | €330,906 | €194,460 | ▼ 41.2% |
| Amounts receivable within one year40/41 | €233,162 | €402,253 | €325,388 | €624,295 | €739,512 | ▲ 18.5% |
| Trade receivables40 | €231,441 | €387,609 | €283,171 | €583,834 | €659,917 | ▲ 13.0% |
| Other amounts receivable41 | €1,722 | €14,643 | €42,217 | €40,461 | €79,594 | ▲ 96.7% |
| Current investments50/53 | - | - | - | - | €354,040 | - |
| Other investments51/53 | - | - | - | - | €354,040 | - |
| Cash at bank and in hand54/58 | €113,461 | €337,578 | €300,881 | €503,551 | €225,650 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | - | €16,364 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €656,268 | €1.3m | €1.3m | €1.6m | €1.7m | ▲ 9.3% |
| Equity10/15 | €415,409 | €632,447 | €896,915 | €1.2m | €1.4m | ▲ 17.8% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €102,000 | €302,000 | €592,000 | €882,000 | €1.1m | ▲ 23.8% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €100,000 | €300,000 | €592,000 | €882,000 | €1.1m | ▲ 23.8% |
| Profit (loss) carried forward14 | €13,409 | €30,447 | €4,915 | €5,217 | €6,099 | ▲ 16.9% |
| Amounts payable17/49 | €240,859 | €647,335 | €388,107 | €366,588 | €300,973 | ▼ 17.9% |
| Amounts payable within one year42/48 | €240,859 | €645,068 | €387,324 | €366,588 | €300,973 | ▼ 17.9% |
| Trade debts44 | €134,222 | €343,544 | €261,042 | €238,035 | €199,217 | ▼ 16.3% |
| Suppliers440/4 | €134,222 | €343,544 | €261,042 | €238,035 | €199,217 | ▼ 16.3% |
| Taxes, remuneration and social security45 | €77,726 | €122,548 | €126,091 | €128,192 | €101,304 | ▼ 21.0% |
| Taxes450/3 | €22,998 | €44,734 | €21,798 | €26,041 | €15,736 | ▼ 39.6% |
| Remuneration and social security454/9 | €54,728 | €77,814 | €104,294 | €102,151 | €85,567 | ▼ 16.2% |
| Other amounts payable47/48 | €28,912 | €178,977 | €190 | €361 | €452 | ▲ 25.3% |
| Accrued charges and deferred income492/3 | - | €2,267 | €783 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,779 | €217,037 | €264,469 | €290,302 | €210,882 | ▼ 27.4% |
| + Depreciation and write-downs630 | €24,032 | €18,949 | €16,440 | €15,851 | €30,715 | ▲ 93.8% |
| Operating cash flow (approximation) | €138,811 | €235,987 | €280,909 | €306,153 | €241,597 | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | -€5,260 | -€39,444 | -€72,500 | -€121,073 | ▼ 67.0% |
| Change in cash | - | €224,117 | -€36,697 | €202,669 | -€277,901 | ▼ 237% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €290,302 ▲9.8%
Operating result €393,918, net result €290,302, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲32.4%
6 profitable years in a row build equity to €1.2m.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Equity above €500,000Eq €632,447 ▲52.2%
4 profitable years in a row build equity to €632,447.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Equity above €200,000Eq €300,630 ▲183%
2 profitable years in a row build equity to €300,630.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
31-12
Financial
Back to profitnet €38,197
Net result €38,197 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.49 to 1.15.
31-12
Financial
Equity above €100,000Eq €106,064
Equity rises from -€212,134 to €106,064.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Bornem · 1 establishment unit since 2002
Ground area
4,899 m²
Building footprint
1,690 m²
Volume, LiDAR
8,693 m³
Parcel 12007D0611/00V002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMACAR BORNEM
since 20022.100.529.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007D0611/00V002 | Flanders | 4,898 m² | 1 · 1,690 m² | 8.1 m · 2 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
2 ownersChain of control
Highest known parent: IMACAR. The sources do not say who stands above it.
Owners 2
-
73.33%
- IMACARparentSourceaccounts IMACAR 202573.33%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 7,165 EUR awarded · 6,558 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,253 EUR | 2,009 EUR |
| 2024 | 2 | 2,390 EUR | 2,241 EUR |
| 2023 | 2 | 1,347 EUR | 1,173 EUR |
| 2022 | 2 | 1,175 EUR | 1,135 EUR |
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 1 endedAutotechnieken duaal (so)
Bandenmonteur (vwo)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Show 1 ended approval
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,221. 2,684 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
58290Other software publishing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476184480
Also
9925:BE0476184480
Registered
29-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.