VAMATEC
Open bankruptcyFinancials · financial year 2024, abbreviated format
Equity
€111,446▲ 31.4%
2023 · €84,821
Total assets
€1.1m▼ 13.0%
2023 · €1.3m
Net result
€26,625
2023 · -€133,968
Working capital
€61,508▲ 241%
2023 · €18,025
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.07m
2024
Net result€0.03m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2024
Equity€0.1m
2024
Debt€1.0m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.06m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.4%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.06
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)6.1
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.05m-€0.06m▲ 9.6%-€0.05m€0.06m€0.07m▲ 15.3%-€0.1m€0.07m
Net result€0.01m-€0.01m▲ 19.5%-€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€0.2m-€0.3m▲ 5.6%€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€1.4m-€1.3m▼ 6.0%€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€1.2m-€1.1m▼ 8.3%€1.3m▲ 17.6%€1.2m▼ 7.3%€1.1m▼ 3.1%€1.2m▲ 5.1%€1.0m▼ 16.1%
Working capital€0.2m-€0.2m▲ 6.7%€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%
Solvency16.7%-18.8%▲ 2.1pp12.1%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 ratio1.14-1.17▲ 0.031.09below 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)0.8%-1.0%▲ 0.2pp-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)6-7▲ 16.7%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 of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
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
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.
Annual accounts
| Line | 2018 | 2019 | 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 | €50,935 | €44,807 | €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 | €474,236 | €499,012 | €392,190 | €510,394 | €575,969 | €505,568 | €568,074 | ▲ 12.4% |
| Operating profit (loss)9901 | €51,543 | €56,480 | -€45,633 | €57,629 | €66,445 | -€95,925 | €71,473 | - |
| Financial income75/76B | - | - | - | €2,012 | €375 | €2,868 | €0 | ▼ 100.0% |
| Recurring financial income75 | €345 | €35 | €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 | €32,933 | €36,761 | €29,610 | €32,110 | €31,825 | €39,949 | €44,425 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €18,955 | €19,753 | -€73,788 | €27,530 | €34,995 | -€133,005 | €27,048 | - |
| Income taxes67/77 | €7,794 | €6,412 | €836 | €2,933 | €12,837 | €963 | €424 | ▼ 56.0% |
| Profit (loss) for the period9904 | €11,161 | €13,341 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | - |
| Profit (loss) for the period to be appropriated9905 | €11,161 | €13,341 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.5m | €1.4m | €1.4m | €1.3m | €1.1m | ▼ 13.0% |
| Fixed assets21/28 | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 31.7% |
| Intangible fixed assets21 | €0.03m | €0.03m | €0.05m | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 39.5% |
| Tangible fixed assets22/27 | €0.07m | €0.09m | €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 | €1.2m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 11.6% |
| Stocks and contracts in progress3 | €0.9m | €0.8m | €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 | €0.5m | €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 | €0.006m | €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 | €1.4m | €1.3m | €1.5m | €1.4m | €1.4m | €1.3m | €1.1m | ▼ 13.0% |
| Equity10/15 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.08m | €0.1m | ▲ 31.4% |
| Contributions10/11 | €0.07m | €0.07m | €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 | €0.2m | €0.2m | €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 | €1.2m | €1.1m | €1.3m | €1.2m | €1.1m | €1.2m | €1.0m | ▼ 16.1% |
| Amounts payable after more than one year17 | €0.02m | €0.04m | €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 | €1.0m | €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 | €0.5m | €0.4m | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,161 | €13,341 | -€74,625 | €24,598 | €22,158 | -€133,968 | €26,625 | - |
| + Depreciation and write-downs630 | €50,935 | €44,807 | €44,170 | €40,689 | €43,974 | €40,770 | €26,938 | ▼ 33.9% |
| Operating cash flow (approximation) | €62,096 | €58,148 | -€30,455 | €65,286 | €66,131 | -€93,198 | €53,563 | - |
| Investment in fixed assets (approximation) | - | -€70,330 | -€44,485 | -€35,823 | -€64,342 | €7,839 | -€0 | - |
| Change in cash | - | -€6,099 | €7,964 | €52,954 | -€46,982 | -€16,394 | €1,376 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 26-02-2025 | 2025-00039280 |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00272542 |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00213365 |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20094886 |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27800033 |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-34300132 |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-28100199 |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-27900013 |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-23300221 |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-54400367 |
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Of the 813 active companies whose main activity is wholesale of machine tools (NACE 46620), figures are known for 636. 401 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.