VAMATEC
Open bankruptcyA bankruptcy procedure is open for VAMATEC according to publications in the Belgian State Gazette; curator: SIEN VERMEESCH.
Summary
The 2024 annual accounts show equity of €111,446 and a net result of €26,625.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 17 March 2026
- Supervising judge
- Christophe Longueville
- Official Gazette
- 01-04-2026 (pdf) ↗search the document for 2026/114140
Deadlines
- Provisional date payments stopped
- 14 March 2026Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- File the claim in RegSol until
- passed on 16 April 2026art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 16 April 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 21 April 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 17 March 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sien VermeeschBoterhoek 3, 9860 Oosterzelesienvermeesch@telenet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Overview
What they do
Wholesale of machine tools
NACE 46620NACE 51810
2 sites
How big
€1.1mtotal assets 2024
- Staff
- 6.1 FTE
- Equity
- €111,446
- Profit
- €26,625
Turnover not published (abridged schema)
Financially healthy?
Open bankruptcy: no score
Who decides
Accounts 62 d overdue0 of 4 deeds read
Signals- Weak solvency vs sector- Open bankruptcyLatest accounts filed on timeShow the evidence
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9085 sector peers (2024).
NBB · sector comparisonPosition among 9085 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-02-2025, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
155 d early
2023
8 d early
2022
24 d early
2021
34 d early
2020
31 d early
2019
4 d early
2018
30 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 41 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 (1)
- OpeningOndernemingsrechtbank Gent, afdeling Gent ·…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Back to profitnet €26,625
Financials
Fiscal year 2024Total assets €1.1mProfit €26,625Solvency 9.9%Liquidity 1.06
Total assets
€1.1m▼ 13.0%
2018 - 2024
Net result
€26,625
2018 - 2024
Equity
€111,446▲ 31.4%
2018 - 2024
Staff (FTE)
6.1▼ 14.1%
2018 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
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
Line20202021202220232024
Operating result-€0.05m€0.06m€0.07m▲ 15.3%-€0.1m€0.07m
Net result-€0.07mbelow the sector's middle half€0.02mwithin the sector's middle half€0.02mwithin the sector's middle half▼ 9.9%-€0.1mbelow the sector's middle half€0.03mwithin the sector's middle half
Equity€0.2mwithin the sector's middle half▼ 29.7%€0.2mwithin the sector's middle half▲ 11.4%€0.2mwithin the sector's middle half▲ 11.3%€0.08mbelow the sector's middle half▼ 61.2%€0.1mbelow the sector's middle half▲ 31.4%
Total assets€1.5mwithin the sector's middle half▲ 8.7%€1.4mwithin the sector's middle half▼ 5.0%€1.4mwithin the sector's middle half▼ 1.0%€1.3mwithin the sector's middle half▼ 5.5%€1.1mwithin the sector's middle half▼ 13.0%
Debt€1.3m▲ 17.6%€1.2m▼ 7.3%€1.1m▼ 3.1%€1.2m▲ 5.1%€1.0m▼ 16.1%
Working capital€0.1mwithin the sector's middle half▼ 33.8%€0.1mwithin the sector's middle half▼ 6.6%€0.1mwithin the sector's middle half▲ 16.7%€0.02mbelow the sector's middle half▼ 85.7%€0.06mwithin the sector's middle half▲ 241%
Solvency12.1%below the sector's middle half▼ 6.6pp14.2%below the sector's middle half▲ 2.1pp16.0%below the sector's middle half▲ 1.8pp6.6%below the sector's middle half▼ 9.4pp9.9%below the sector's middle half▲ 3.3pp
Current ratio1.09below the sector's middle half▼ 0.071.09below the sector's middle half=1.11below the sector's middle half▲ 0.021.02below the sector's middle half▼ 0.101.06below the sector's middle half▲ 0.05
Return on assets (ROA)-5.1%below the sector's middle half▼ 6.1pp1.8%within the sector's middle half▲ 6.9pp1.6%within the sector's middle half▼ 0.2pp-10.4%below the sector's middle half▼ 12.0pp2.4%within the sector's middle half▲ 12.7pp
Staff (FTE)7.2within the sector's middle half▲ 2.9%5.8within the sector's middle half▼ 19.4%6.7within the sector's middle half▲ 15.5%7.1within the sector's middle half▲ 6.0%6.1within the sector's middle half▼ 14.1%
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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €71,473 after a loss of €95,925 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€58,029 ▼ 31.7%
Current assets
€1.1m ▼ 11.6%
Equity and liabilities €1.1m
Equity
€111,446 ▲ 31.4%
Debt
€1.0m ▼ 16.1%
Debt's share of the balance-sheet total falls from 93.4% to 90.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€98,411▲
2023 · -€55,154
Cash flow
€53,563▲
2023 · -€93,198
Quick ratio
0.44▲
2023 · 0.34
Debt to equity
9.10▼
2023 · 14.24
ROE
23.9%▲
2023 · -157.9%
Interest coverage
2.22▲
2023 · -1.38
Debt ≤ 1 year
€1.0m▼
2023 · €1.2m
Debt > 1 year
€8,091▼
2023 · €18,171
Income taxes
€424▼
2023 · €963
Staff costs
€457,730▼
2023 · €536,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €406,209 | €460,052 | €536,655 | €457,730 | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,170 | €40,689 | €43,974 | €40,770 | €26,938 | ▼ 33.9% |
| Other operating charges640/8 | - | €5,867 | €5,497 | €6,253 | €7,373 | ▲ 17.9% |
| Non-recurring operating charges66A | - | - | - | €17,815 | €4,560 | ▼ 74.4% |
| Gross operating margin9900 | €392,190 | €510,394 | €575,969 | €505,568 | €568,074 | ▲ 12.4% |
| Operating profit (loss)9901 | -€45,633 | €57,629 | €66,445 | -€95,925 | €71,473 | ▲ 175% |
| Financial income75/76B | - | €2,012 | €375 | €2,868 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,454 | €2,012 | €375 | €2,868 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €32,110 | €31,825 | €39,949 | €44,425 | ▲ 11.2% |
| Recurring financial charges65 | €29,610 | €32,110 | €31,825 | €39,949 | €44,425 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | -€73,788 | €27,530 | €34,995 | -€133,005 | €27,048 | ▲ 120% |
| Income taxes67/77 | €836 | €2,933 | €12,837 | €963 | €424 | ▼ 56.0% |
| Profit (loss) for the period9904 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.3m | €1.1m | ▼ 13.0% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 31.7% |
| Intangible fixed assets21 | €0.05m | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 39.5% |
| Tangible fixed assets22/27 | €0.07m | €0.09m | €0.1m | €0.06m | €0.04m | ▼ 28.4% |
| Plant, machinery and equipment23 | - | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 60.5% |
| Furniture and vehicles24 | - | €0.01m | €0.04m | €0.01m | €0.008m | ▼ 26.3% |
| Leasing and similar rights25 | - | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 28.0% |
| Other tangible fixed assets26 | - | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 27.5% |
| Current assets29/58 | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 11.6% |
| Stocks and contracts in progress3 | €0.9m | €0.8m | €0.8m | €0.8m | €0.6m | ▼ 22.2% |
| Stocks30/36 | - | €0.8m | €0.8m | €0.8m | €0.6m | ▼ 22.2% |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 10.7% |
| Trade receivables40 | - | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 9.6% |
| Other amounts receivable41 | - | - | - | - | €0.004m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.07m | €0.02m | €0.004m | €0.005m | ▲ 34.5% |
| Deferred charges and accrued income490/1 | - | €0.005m | €0.004m | €0.02m | €0.01m | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.1m | ▼ 13.0% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.08m | €0.1m | ▲ 31.4% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Tax-exempt reserves132 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | €0.07m | €0.09m | €0.09m | €0.09m | = |
| Profit (loss) carried forward14 | - | - | - | -€0.1m | -€0.1m | ▲ 19.9% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.2m | €1.0m | ▼ 16.1% |
| Amounts payable after more than one year17 | €0.06m | €0.02m | €0.04m | €0.02m | €0.008m | ▼ 55.5% |
| Financial debts170/4 | - | €0.02m | €0.04m | €0.02m | €0.008m | ▼ 55.5% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.1m | €1.2m | €1.0m | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | - | €0.06m | €0.06m | €0.1m | €0.04m | ▼ 61.5% |
| Financial debts43 | - | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 6.0% |
| Credit institutions430/8 | - | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 6.0% |
| Trade debts44 | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 7.5% |
| Suppliers440/4 | - | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 7.5% |
| Taxes, remuneration and social security45 | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 9.7% |
| Taxes450/3 | - | €0.04m | €0.05m | €0.06m | €0.04m | ▼ 23.0% |
| Remuneration and social security454/9 | - | €0.07m | €0.05m | €0.08m | €0.08m | = |
| Other amounts payable47/48 | - | €0.05m | €0.06m | €0.04m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0.002m | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | ▲ 120% |
| + Depreciation and write-downs630 | €44,170 | €40,689 | €43,974 | €40,770 | €26,938 | ▼ 33.9% |
| Operating cash flow (approximation) | -€30,455 | €65,286 | €66,131 | -€93,198 | €53,563 | ▲ 157% |
| Investment in fixed assets (approximation) | - | -€35,823 | -€64,342 | €7,839 | -€0 | ▼ 100% |
| Change in cash | - | €52,954 | -€46,982 | -€16,394 | €1,376 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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Profilplast Pipesystems
BE 0803.685.580
Brasschaat · Eq €111,639
ETABLISSEMENTS BATAILLE
BE 0442.822.222
Mouscron · Eq €110,060
HOGEDRUKTECHNIEKEN DU BOIS
BE 1020.838.589
Ingelmunster · Eq €108,905
Of 827 companies in this sector we hold annual accounts for 644. 405 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SIEN VERMEESCH Boterhoek 3, 9860 Oosterzele |
17-03-2026 → present |
Structure & network
Owners and holdings
2 ownersOwners 2
- CLAUDE VAN MAELEnatural personSourceown accounts 202299.92%
- NATALIA ISAEVAnatural personSourceown accounts 20220.08%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of VAMATEC and those 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 directors read yet: 0 of 4 Gazette acts processed.
Timeline
16 eventsLatest 01-04-2026
History
Acts, filings and financial milestones
2026
01-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 17-03-2026
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €26,625
Net result €26,625 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €111,446 ▲31.4%
Equity rises from €84,821 to €111,446.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€133,968
Net result drops to -€133,968, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €218,789 ▲11.3%
2 profitable years in a row build equity to €218,789.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €24,598
Net result €24,598 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Support & recognitions
1 funding sourceFlanders €7,949
Flemish government
€7,949
awarded · 2023 - 2025
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €7,949 awarded · €7,949 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €1,112 | €1,112 |
| 2023 | 1 | €6,837 | €6,837 |
Company details
Public limited company · founded 11-02-1993Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded11-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449411292
Also
9925:BE0449411292
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Deinze · 2 establishment units since 1993
Ground area
3,054 m²
Building footprint
1,112 m²
Volume, LiDAR
6,197 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VAMATEC
since 1993unit no. 2.061.294.243
VAMATEC
since 2009unit no. 2.176.429.184
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004A0771/00W003 | Flanders | 1,920 m² | 1 · 522 m² | 4.5 m · 1 fl. |
| 44054B0357/00S005 | Flanders | 1,134 m² | 1 · 590 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Wholesale of machine tools sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.