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van Vugt

Active
Public limited companyfounded 198145 yrs activede Smet de Naeyerlaan 585, 1020 Brussel, BelgiumKBO/BCE: BE 0421.307.523
Summary

van Vugt has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330,787 and a net result of -€69,809. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 74% of 5730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
van VugtActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46841Wholesale of electrical household appliances and audio-video equipment NACE 46431NACE 46741
1 site
Size
€487,572total assets 2025
Staff
4.4 FTE
Equity
€330,787
Loss
-€69,809
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts on time0 of 4 deeds read
Why 86- Loss of €69,809, the second in a row (FY 2025)+ Liquidity: current ratio 2.82, cash €111,342+ Founded in 1981+ Equity €330,787 (67.8% of total assets)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 93+1
equity 67.8% of total assets
Liquidity 65-6
short-term debt 32.2% · cash 22.8%
Profitability 1-3
return on assets -14.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,775 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▼ -2.2% vs 02-2025lowest value 04-2025: < 0.1%▲ +4.4% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: 0.1%▲ +10.6% vs 05-2025 07-2025: 0.2%▲ +290% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▲ +5.9% vs 03-2026 05-2026: 0.2%● 0.0% vs 04-2026 06-2026: 0.2%▲ +14.4% vs 05-2026highest value 07-2026: 0.2%▼ -2.8% vs 06-2026 08-2026: 0.2%▲ +1.3% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Loss of €69,809, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 2.82, cash €111,342 lowers the probability
  • Founded in 1981 lowers the probability for this profile
  • Equity €330,787 (67.8% of total assets) lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.91 in 2024; short-term debt: 32.2% and cash: 22.8% of total assets), and 32.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 73%, liquidity 70%, profitability 12%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €69,809, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.82, cash €111,342
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1981
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €330,787 (67.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€69,809
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
47 d early
2023
15 d early
2022
66 d early
2021
44 d early
2020
51 d early
2019
18 d late
← 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 29 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 (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. Usually files around 17 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Weakest financial yearnet -€70,462

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€69,809 View
  • Caution: Among the weakest 15% on net resultsector median €116,013 · 5,674 companies -€69,809 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1981founded 19-02-1981 45 years View

By topic

Financials

Fiscal year
2025
Total assets
€487,572
Loss
-€69,809
Solvency
67.8%
Total assets▼ 18.0%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 31-07-2026Annual accounts filed
  2. 14-06-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46841
Founded
19-02-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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