VAMIELEC
ActiveVAMIELEC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €254. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency41▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.98 in 2024), but 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
11.2%
Return on assets
0%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 15%
← weakest
strongest →
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 25-02-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
26 d early
2023
61 d early
2022
62 d early
2021
40 d early
2020
59 d early
2019
52 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▲ 0.4%
2024 · €71k
2018: €10k
2019: €14k
2020: €46k
2021: €91k
2022: €95k
2023: €78k
2024: €71k
2018 → 2025
Total assets
€636k▲ 4.1%
2024 · €611k
2018: €483k
2019: €491k
2020: €498k
2021: €576k
2022: €458k
2023: €513k
2024: €611k
2018 → 2025
Net result
€254
2024 · €-7k
2018: €4k
2019: €4k
2020: €32k
2021: €45k
2022: €4k
2023: €-17k
2024: €-7k
2018 → 2025
Working capital
€351k▲ 20.3%
2024 · €292k
2018: €201k
2019: €291k
2020: €254k
2021: €255k
2022: €243k
2023: €227k
2024: €292k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€95k▲ 4.5%€78k▼ 17.5%€71k▼ 9.5%€71k▲ 0.4%
Operating result€96k-€43k▼ 54.9%€8k▼ 80.9%€28k▲ 244%€42k▲ 47.9%
Net result€45k-€4k▼ 90.8%€-17k€-7k▲ 55.3%€254
Turnover and EBIT margin not published: the micro 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 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €636k
Fixed assets
€8k▼ 60.2%
Current assets
€629k▲ 6.3%
Equity and liabilities €636k
Equity
€71k▲ 0.4%
Debt
€565k▲ 4.6%
The debt ratio rises from 88.4% to 88.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€54k▲
2024 · €40k
Cash flow
€13k▲
2024 · €4k
Solvency
11.2%▼
2024 · 11.6%
Current ratio
2.27▲
2024 · 1.98
Quick ratio
0.67▲
2024 · 0.49
Debt / equity
7.95▲
2024 · 7.62
ROE
0.4%▲
2024 · -10.5%
ROA
0.0%▲
2024 · -1.2%
Interest coverage
1.41▲
2024 · 1.17
Debt
€565k▲
2024 · €540k
Debt ≤ 1 year
€277k▼
2024 · €299k
Debt > 1 year
€288k▲
2024 · €241k
Income taxes
€3k▲
2024 · €1k
Staff costs
€197k▼
2024 · €236k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€611k€636k▲
Fixed assets21/28€20k€8k▼
Tangible fixed assets22/27€20k€8k▼
Plant, machinery and equipment23€96-
Furniture and vehicles24€19k€8k▼
Current assets29/58€591k€629k▲
Stocks and contracts in progress3€444k€442k▼
Stocks30/36€245k€280k▲
Contracts in progress37€199k€163k▼
Amounts receivable within one year40/41€126k€177k▲
Trade receivables40€121k€176k▲
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€22k€9k▼
Deferred charges and accrued income490/1€79-
Equity and liabilities
Total equity and liabilities10/49€611k€636k▲
Equity10/15€71k€71k▲
Contributions10/11€25k€25k=
Outside capital11€25k€25k=
Other1109/19€25k€25k=
Reserves13€70k€70k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-24k€-24k▲
Amounts payable17/49€540k€565k▲
Amounts payable after more than one year17€241k€288k▲
Financial debts170/4€199k€174k▼
Other amounts payable178/9€41k€114k▲
Amounts payable within one year42/48€299k€277k▼
Current portion of amounts payable after more than one year42€75k€83k▲
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€164k€127k▼
Suppliers440/4€164k€127k▼
Taxes, remuneration and social security45€11k€17k▲
Taxes450/3€754€7k▲
Remuneration and social security454/9€10k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€236k€197k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€279k€253k▼
Operating profit (loss)9901€28k€42k▲
Financial income75/76B€59€150▲
Recurring financial income75€59€150▲
Financial charges65/66B€34k€39k▲
Recurring financial charges65€34k€39k▲
Profit (loss) for the period before taxes9903€-6k€3k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-7k€254▲
Profit (loss) for the period to be appropriated9905€-7k€254▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-24k▲
Profit (loss) brought forward from the previous period14P€-17k€-24k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €254
Net result €254 after 2 loss-making years.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-17k ▼503%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €45k ▲38.8%
Operating result €96k, net result €45k, both a record.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
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.
Directors · office · real estate
Directors
3 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, Koksijde · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopold II Laan(Odk) 248670 KoksijdeGround area
121 m²
Building footprint
169 m²
Volume, LiDAR
744 m³
Parcel 38018B0003/00A000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VAMIELEC
since 19912.052.678.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0003/00A000 | Flanders | 121 m² | 1 · 169 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ELBELUX
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Peer · Eq €71k
NETCEL
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N.E.A. GROUP
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,719 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-1991
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.