VAMOVAR

Active

Private limited companyfounded 200917 yrs activeVuilpanstraat 3, 8610 Kortemark, BelgiumKBO/BCE: BE 0811.378.967

VAMOVAR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.63M and a net result of €592k. Its solvency ranks better than 31% of 1692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

83 / 100

Excellent▲ +15 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency61▲+18

Growth52

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 2.52 against 1.94 in 2023), but 74.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

25.9%

Return on assets

9.4%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

37 d early

2023

34 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€1.63M▲ 56.8%

2023 · €1.04M

2023: €1.04M

2023 → 2024

Total assets

€6.31M▲ 0.5%

2023 · €6.28M

2023: €6.28M

2023 → 2024

Net result

€592k▼ 42.9%

2023 · €1.04M

2023: €1.04M

2023 → 2024

Working capital

€1.46M▲ 36.4%

2023 · €1.07M

2023: €1.07M

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€1.04M-€1.63M▲ 56.8%

Operating result€1.21M-€934k▼ 22.7%

Net result€1.04M-€592k▼ 42.9%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 23% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6.31M

61.6%

38.4%

Fixed assets €3.89M▼ 4.4%

Current assets €2.43M▲ 9.6%

Equity and liabilities €6.31M

25.9%

74.0%

Equity €1.63M▲ 56.8%

Provisions €6k

Debt €4.68M▼ 10.8%

The debt ratio falls from 83.4% to 74.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.34M▼

2023 · €1.64M

Cash flow

€998k▼

2023 · €1.47M

Solvency

25.9%▲

2023 · 16.6%

Current ratio

2.52▲

2023 · 1.94

Quick ratio

1.43▲

2023 · 0.92

Debt / equity

2.86▼

2023 · 5.03

ROE

36.2%▼

2023 · 99.6%

ROA

9.4%▼

2023 · 16.5%

Interest coverage

15.11▼

2023 · 15.65

Debt

€4.68M▼

2023 · €5.24M

Debt ≤ 1 year

€962k▼

2023 · €1.14M

Debt > 1 year

€3.70M▼

2023 · €4.08M

Income taxes

€259k▲

2023 · €67k

Staff costs

€35k▼

2023 · €35k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€6.28M€6.31M▲

Fixed assets21/28€4.07M€3.89M▼

Intangible fixed assets21€14k€12k▼

Tangible fixed assets22/27€4.06M€3.88M▼

Land and buildings22€3.93M€3.68M▼

Plant, machinery and equipment23€108k€104k▼

Furniture and vehicles24€17k€91k▲

Current assets29/58€2.21M€2.43M▲

Stocks and contracts in progress3€1.16M€1.05M▼

Stocks30/36€1.16M€1.05M▼

Amounts receivable within one year40/41€239k€406k▲

Trade receivables40€239k€212k▼

Other amounts receivable41€0€194k▲

Current investments50/53-€250k

Cash at bank and in hand54/58€802k€707k▼

Deferred charges and accrued income490/1€9k€11k▲

Equity and liabilities

Total equity and liabilities10/49€6.28M€6.31M▲

Equity10/15€1.04M€1.63M▲

Contributions10/11€300k€300k=

Reserves13€741k€1.33M▲

Tax-exempt reserves132-€23k

Distributable reserves133€741k€1.31M▲

Profit (loss) carried forward14€0-

Provisions and deferred taxes16-€6k

Deferred taxes168-€6k

Amounts payable17/49€5.24M€4.68M▼

Amounts payable after more than one year17€4.08M€3.70M▼

Financial debts170/4€4.08M€3.70M▼

Amounts payable within one year42/48€1.14M€962k▼

Current portion of amounts payable after more than one year42€480k€385k▼

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€155k€154k▼

Suppliers440/4€155k€154k▼

Taxes, remuneration and social security45€81k€17k▼

Taxes450/3€78k€15k▼

Remuneration and social security454/9€3k€2k▼

Other amounts payable47/48€425k€406k▼

Accrued charges and deferred income492/3€19k€17k▼

Income statement Code20232024

Non-recurring operating income76A€300€30k▲

Remuneration, social security and pensions62€35k€35k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€433k€406k▼

Other operating charges640/8€17k€45k▲

Non-recurring operating charges66A€15k€0▼

Gross operating margin9900€1.71M€1.42M▼

Operating profit (loss)9901€1.21M€934k▼

Financial income75/76B€53€11k▲

Recurring financial income75€53€11k▲

Non-recurring financial income76B€0-

Financial charges65/66B€105k€89k▼

Recurring financial charges65€105k€89k▼

Profit (loss) for the period before taxes9903€1.10M€857k▼

Transfer from deferred taxes780-€251

Transfer to deferred taxes680-€6k

Income taxes67/77€67k€259k▲

Profit (loss) for the period9904€1.04M€592k▼

Transfer from tax-exempt reserves789-€1k

Transfer to tax-exempt reserves689-€24k

Profit (loss) for the period to be appropriated9905€1.04M€569k▼

Appropriation of the result

Profit (loss) to be appropriated9906€665k€569k▼

Profit (loss) brought forward from the previous period14P€-372k€0▲

Transfer to equity691/2€665k€569k▼

To other reserves6921€665k€569k▼

Social balance

Average headcount (FTE)90871.81.0▼

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

4 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, Kortemark · 2 establishment units since 2009

establishment All 2 establishment units on the map

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.

Vuilpanstraat 38610 Kortemark

Ground area

2.0 ha

Building footprint

551 m²

Volume, LiDAR

2,237 m³

2 parcels, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.

2 establishment units

Vuilpanstraat 3, 8610 Kortemark

Growing of cereals (except rice), leguminous crops and oil seeds

since 20092.213.212.178

Oude Zeedijkstraat 13, 8610 Kortemark

Pig breeding farms

since 20192.290.642.528

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32011D1164/00H000	Flanders	1.7 ha	1 · 214 m²	4.6 m · 1 fl.
32027B0173/00V000	Flanders	3,975 m²	1 · 337 m²	7.9 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 96,383 EUR awarded · 96,383 EUR paid

Year	Entries	awarded	paid
2025	1	718 EUR	718 EUR
2023	2	95,665 EUR	95,665 EUR

Schemes

Investeringssteun voor land- en tuinbouwers

1 entry · 83,594 EUR · 83,594 EUR paid · Vlaams Landbouwinvesteringsfonds

Niet-productieve investeringssteun land- en tuinbouwers

1 entry · 12,071 EUR · 12,071 EUR paid · Vlaams Landbouwinvesteringsfonds

Subsidie in het kader van de Kennisportefeuille

1 entry · 718 EUR · 718 EUR paid · Agentschap Landbouw en Zeevisserij

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Kortemark2.213.212.178

1 permission

Toelating · Boerderij - varkens · since 12-11-2012

Kortemark2.290.642.528

1 permission

Toelating · Boerderij - varkens · since 23-08-2019

Similar companies · same sector, comparable size

Hoogstraten · Eq €1.66M

Abbaye Notre-Dame de Cordemois

Of 902 companies in sector 01461 we hold annual accounts for 295. 215 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-04-2009

Fiscal year end31-12

Activities, NACEBEL

01461Pig breeding farms

01110Growing of cereals (except rice), leguminous crops and oil seeds

01462Crop and animal production, hunting and related service activities

01610Support activities for crop production

46231Wholesale of live animals

Sources

Crossroads Bank for EnterprisesNational Bank · 2 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.