Equity
€99,621 from €360,121 in 2014
Equity fell by 72% in 11 years.
VACO-CVO
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €45,995 (2016)
-€1,230▲ €330
lowest -€26,956 (2024)
-€26,852▲ €104
peak €360,121 (2014)
€99,621▼ 21.2%
€60,000▲ 17.6%
Board1 name since 2021
1 directorNV Mobility & Services Center NV
Owners
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Gross margin from -€1,560 to -€1,230Loss of €26,852Equity from €126,473 to €99,621Debts from €51,000 to €60,000Cash from €557 to €1,204
Key points
from the 2025 annual accountsLosses
-€229,760 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2024 was the heaviest.
Filings
34 annual accounts since 1992
Four of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
Turnover not published (micro format)
Checked score
68
Healthy
Financially stronger than 23% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.2 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.6%▼ -0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 52 days late; 1 of the last 3 accounts late
Loss of €26,852, the second in a row (financial year 2025)
lowers risk
Size: total assets €159,621
Founded in 1991
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 (no NACE code, micro). It does better than 52% of them on solvency, 18% on liquidity, 4% on profitability and 17% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 5,831 companies had the same profile as VACO-CVO has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VACO-CVO itself: 0.6% 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 5,831 companies, not a prediction for VACO-CVO. 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 €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.03 (0.01 in 2024), below 1. Short-term debt is 37.6% and cash 0.8% of total assets. 37.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€26,852
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
52 days late
2024
26 days late
2023
36 days early
2022
31 days early
2021
32 days early
2020
27 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 18 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 June (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Mobility & Services Center 39.73%score 89equity €67.9m (2025) · 30-09-2025 annual accounts of Mobility & Services Center
Recent changes
First establishment
Electricité VACO, Grote Steenweg 206, Lede
Incorporation
published on 06-07-1991 · Gazette deed
Official details
Source: KBO- Status
- Active since 19-06-1991Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.054.111.4919340 Lede, since 10-09-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on VACO-CVO
VACO-CVO files the micro format. That format states no turnover. The gross margin fell from €13,283 in 2006 to -€1,230 in 2025.
The balance sheet grew most from 2013 to 2014 through fixed assets.
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 VACO-CVO
- What is the company number of VACO-CVO?
- The company number of VACO-CVO is 0444.419.950. The VAT number is the same number with BE in front: BE 0444.419.950.
- Where is VACO-CVO based?
- The registered office is at Siesegemlaan 1, 9300 Aalst.Company details
- What is the legal form of VACO-CVO?
- VACO-CVO is a private limited company (pre-2019) (BVBA).
- When was VACO-CVO founded?
- VACO-CVO was founded on 19-06-1991.
- Is VACO-CVO still active?
- Yes, VACO-CVO is an active enterprise in the KBO register.
- What is the turnover of VACO-CVO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VACO-CVO profitable?
- In financial year 2025, VACO-CVO made a loss of €26,852.
- Where can I find the annual accounts of VACO-CVO?
- VACO-CVO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VACO-CVO due?
- VACO-CVO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.