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VAMO

Active
Private limited companyfounded 200224 yrs activeWaalken 11, 9920 Lievegem, BelgiumKBO/BCE: BE 0477.299.188
Summary

VAMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765,195 and a net result of -€110,619. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability12▼-12
Solvency64▲+53
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.15 in 2024; short-term debt: 49.8% and cash: 0.4% of total assets), and 60.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
61 d late
2023
on the day
2022
23 d late
2021
31 d late
2020
31 d late
2019
70 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 28 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VAMO was incorporated on 9 April 2002.1 Total assets rose from EUR 1.3 million in 2018 to EUR 2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€765,195
2024 · -€145,421
Total assets
€2.0m▲ 92.7%
2024 · €1.0m
Net result
-€110,619▼ 132%
2024 · -€47,625
Working capital
-€835,391▼ 16.0%
2024 · -€720,102
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
Operating result€8,989▼ 26.8%-€11,246-€55,913▼ 397%-€40,395▲ 27.8%-€105,589▼ 161%
Net result-€28,495▼ 16.4%-€55,880▼ 96.1%-€102,815▼ 84.0%-€47,625▲ 53.7%-€110,619▼ 132%
Equity€60,898▼ 31.9%€5,018▼ 91.8%-€97,796-€145,421▼ 48.7%€765,195
Total assets€1.3m▲ 2.1%€1.2m▼ 6.9%€1.1m▼ 8.5%€1.0m▼ 5.3%€2.0m▲ 92.7%
Debt€1.1m▲ 6.6%€1.1m▼ 0.9%€1.1m▼ 0.9%€1.0m▼ 0.2%€1.1m▲ 3.4%
Working capital-€430,986▼ 18.7%-€479,449▼ 11.2%-€591,396▼ 23.3%-€720,102▼ 21.8%-€835,391▼ 16.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: €8,989€8,989Net result 2021: -€28,495-€28,495Operating result 2022: -€11,246-€11,246Net result 2022: -€55,880-€55,880Operating result 2023: -€55,913-€55,913Net result 2023: -€102,815-€102,815Operating result 2024: -€40,395-€40,395Net result 2024: -€47,625-€47,625Operating result 2025: -€105,589-€105,589Net result 2025: -€110,619-€110,61920212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€55,913-€55,900Net result 2023: -€102,815-€103,000Operating result 2024: -€40,395-€40,400Net result 2024: -€47,625-€47,600Operating result 2025: -€105,589-€106,000Net result 2025: -€110,619-€111,000202320242025
The operating result stays negative: a loss of €105,589 in 2025 against €40,395 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €1.8m ▲ 105%
Current assets €137,243 ▲ 6.0%
Equity and liabilities €2.0m
Equity €765,195
Provisions €101,998
Debt €1.1m
Debt finances 55.6% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,810▼
2024 · €18,305
Cash flow
-€11,839▼
2024 · €11,075
Current ratio
0.14▼
2024 · 0.15
Debt to equity
1.42▲
2024 · -7.21
ROE
-14.5%
ROA
-5.7%▼
2024 · -4.7%
Interest coverage
-0.66▼
2024 · 1.30
Debt ≤ 1 year
€972,634▲
2024 · €849,628
Debt > 1 year
€110,831▼
2024 · €198,311
Income taxes
€88=
2024 · €88
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.0m€2.0m▲
Fixed assets21/28€883,238€1.8m▲
Tangible fixed assets22/27€826,738€1.8m▲
Land and buildings22€800,794€1.7m▲
Furniture and vehicles24€25,944€12,644▼
Financial fixed assets28€56,500€56,500=
Current assets29/58€129,526€137,243▲
Amounts receivable within one year40/41€122,273€127,781▲
Trade receivables40€6,038€9,152▲
Other amounts receivable41€116,236€118,629▲
Cash at bank and in hand54/58€6,461€8,632▲
Deferred charges and accrued income490/1€792€831▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€2.0m▲
Equity10/15-€145,421€765,195▲
Contributions10/11€1.1m€1.1m=
Revaluation surpluses12-€981,521
Reserves13-€39,715
Non-distributable reserves130/1-€39,715
Reserves not available under the articles1311-€39,715
Profit (loss) carried forward14-€1.2m-€1.3m▼
Provisions and deferred taxes16€109,447€101,998▼
Provisions for liabilities and charges160/5€109,447€101,998▼
Other liabilities and charges164/5€109,447€101,998▼
Amounts payable17/49€1.0m€1.1m▲
Amounts payable after more than one year17€198,311€110,831▼
Financial debts170/4€198,311€110,831▼
Amounts payable within one year42/48€849,628€972,634▲
Current portion of amounts payable after more than one year42€84,067€87,480▲
Trade debts44€4,226€13,254▲
Suppliers440/4€4,226€13,254▲
Taxes, remuneration and social security45€239€327▲
Taxes450/3€239€327▲
Other amounts payable47/48€761,095€871,574▲
Accrued charges and deferred income492/3€800€600▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58,700€98,780▲
Other operating charges640/8€6,069€12,617▲
Non-recurring operating charges66A€20,467€16,727▼
Gross operating margin9900€44,840€22,534▼
Operating profit (loss)9901-€40,395-€105,589▼
Financial income75/76B€6,979€5,451▼
Recurring financial income75€6,979€5,451▼
Financial charges65/66B€14,120€10,393▼
Recurring financial charges65€14,120€10,393▼
Profit (loss) for the period before taxes9903-€47,537-€110,531▼
Income taxes67/77€88€88=
Profit (loss) for the period9904-€47,625-€110,619▼
Profit (loss) for the period to be appropriated9905-€47,625-€110,619▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.2m-€1.3m▼
Profit (loss) brought forward from the previous period14P-€1.2m-€1.2m▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,332€64,422€64,375€58,700€98,780▲ 68.3%
Other operating charges640/8€5,291€6,971€8,075€6,069€12,617▲ 108%
Non-recurring operating charges66A€9,656€1,323€35,435€20,467€16,727▼ 18.3%
Gross operating margin9900€78,268€61,469€51,972€44,840€22,534▼ 49.7%
Operating profit (loss)9901€8,989-€11,246-€55,913-€40,395-€105,589▼ 161%
Financial income75/76B€4,428€4,924€4,181€6,979€5,451▼ 21.9%
Recurring financial income75€4,428€4,924€4,181€6,979€5,451▼ 21.9%
Financial charges65/66B€41,908€49,459€50,990€14,120€10,393▼ 26.4%
Recurring financial charges65€41,908€49,459€50,990€14,120€10,393▼ 26.4%
Profit (loss) for the period before taxes9903-€28,490-€55,781-€102,722-€47,537-€110,531▼ 133%
Income taxes67/77€5€99€93€88€88=
Profit (loss) for the period9904-€28,495-€55,880-€102,815-€47,625-€110,619▼ 132%
Profit (loss) for the period to be appropriated9905-€28,495-€55,880-€102,815-€47,625-€110,619▼ 132%
Line20212022202320242025Change
Assets
Total assets20/58€1.3m€1.2m€1.1m€1.0m€2.0m▲ 92.7%
Fixed assets21/28€1.1m€951,201€891,938€883,238€1.8m▲ 105%
Tangible fixed assets22/27€1.1m€944,701€885,438€826,738€1.8m▲ 113%
Land and buildings22€985,143€892,157€846,194€800,794€1.7m▲ 118%
Furniture and vehicles24€65,844€52,544€39,244€25,944€12,644▼ 51.3%
Financial fixed assets28€6,500€6,500€6,500€56,500€56,500=
Current assets29/58€197,969€217,562€177,300€129,526€137,243▲ 6.0%
Amounts receivable after more than one year29€90,000€82,358€72,096---
Other amounts receivable291€90,000€82,358€72,096---
Amounts receivable within one year40/41€97,889€111,490€99,740€122,273€127,781▲ 4.5%
Trade receivables40€60,322€11,358€6,038€6,038€9,152▲ 51.6%
Other amounts receivable41€37,566€100,132€93,702€116,236€118,629▲ 2.1%
Cash at bank and in hand54/58€8,762€19,348€838€6,461€8,632▲ 33.6%
Deferred charges and accrued income490/1€1,319€4,366€4,625€792€831▲ 4.8%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.2m€1.1m€1.0m€2.0m▲ 92.7%
Equity10/15€60,898€5,018-€97,796-€145,421€765,195▲ 626%
Contributions10/11€1.1m€1.1m€1.1m€1.1m€1.1m=
Revaluation surpluses12----€981,521-
Reserves13----€39,715-
Non-distributable reserves130/1----€39,715-
Reserves not available under the articles1311----€39,715-
Profit (loss) carried forward14-€1.0m-€1.1m-€1.2m-€1.2m-€1.3m▼ 8.9%
Provisions and deferred taxes16€124,744€103,554€115,960€109,447€101,998▼ 6.8%
Provisions for liabilities and charges160/5€124,744€103,554€115,960€109,447€101,998▼ 6.8%
Other liabilities and charges164/5€124,744€103,554€115,960€109,447€101,998▼ 6.8%
Amounts payable17/49€1.1m€1.1m€1.1m€1.0m€1.1m▲ 3.4%
Amounts payable after more than one year17€440,859€363,180€282,378€198,311€110,831▼ 44.1%
Financial debts170/4€440,859€363,180€282,378€198,311€110,831▼ 44.1%
Amounts payable within one year42/48€628,954€697,011€768,696€849,628€972,634▲ 14.5%
Current portion of amounts payable after more than one year42€75,363€77,679€85,115€84,067€87,480▲ 4.1%
Trade debts44€4,099€16,103€11,249€4,226€13,254▲ 214%
Suppliers440/4€4,099€16,103€11,249€4,226€13,254▲ 214%
Taxes, remuneration and social security45€11,258€6,442€7,301€239€327▲ 36.9%
Taxes450/3€11,258€6,442€7,301€239€327▲ 36.9%
Other amounts payable47/48€538,234€596,787€665,031€761,095€871,574▲ 14.5%
Accrued charges and deferred income492/3---€800€600▼ 25.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€28,495-€55,880-€102,815-€47,625-€110,619▼ 132%
+ Depreciation and write-downs630€54,332€64,422€64,375€58,700€98,780▲ 68.3%
Operating cash flow (approximation)€25,837€8,542-€38,439€11,075-€11,839▼ 207%
Investment in fixed assets (approximation)-€41,864-€5,113-€50,000-€1.0m▼ 1,959%
Change in cash-€10,587-€18,510€5,622€2,172▼ 61.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Equity above €500,000Eq €765,195
Equity rises from -€145,421 to €765,195.
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
09-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
31-12
Financial Equity above €100,000Eq €113,880
Equity rises from -€35,293 to €113,880.
09-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
29-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 182 days late
2017
14-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Lievegem · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
3,253 m²
Building footprint
409 m²
Volume, LiDAR
2,501 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waterviolier 4, 9031 Gent
NACE 7012001
since 20032.126.566.236
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44452B1347/00A002 Flanders 2,309 m² 1 · 214 m² 11.5 m · 2 fl.
44017C1351/00N000 Flanders 944 m² 1 · 195 m² 8.8 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded09-04-2002
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.