VEHICAL
ActiveSummary
The computed 12-month bankruptcy probability of VEHICAL is 1.6% (moderate). The 2025 annual accounts show equity of €73,620 and a net result of €51,086. Equity is growing by ~80.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency36▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.08 in 2024; short-term debt: 81.6% and cash: 20.7% of total assets), and 88.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.3%
Return on assets
7.8%
Age of the figures
9 mo
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 16-03-2026, 137 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
137 d early
2024
77 d early
2023
22 d early
2022
34 d early
2021
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 59 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 27 June (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€73,620▲ 62.9%
2024 · €45,199
Total assets
€652,072▲ 13.6%
2024 · €573,845
Net result
€51,086▲ 6.1%
2024 · €48,152
Working capital
€79,103▲ 115%
2024 · €36,745
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,406--€24,618€34,511€72,367▲ 110%€73,300▲ 1.3%
Net result€9,767within the sector's middle half--€25,871below the sector's middle half€18,969within the sector's middle half€48,152above the sector's middle half▲ 154%€51,086above the sector's middle half▲ 6.1%
Equity€25,767within the sector's middle half--€103below the sector's middle half€18,866below the sector's middle half€45,199within the sector's middle half▲ 140%€73,620within the sector's middle half▲ 62.9%
Total assets€417,881above the sector's middle half-€357,437below the sector's middle half▼ 14.5%€554,051within the sector's middle half▲ 55.0%€573,845above the sector's middle half▲ 3.6%€652,072above the sector's middle half▲ 13.6%
Debt€392,113-€357,540▼ 8.8%€535,185▲ 49.7%€528,646▼ 1.2%€578,452▲ 9.4%
Working capital-€30,074below the sector's middle half--€43,397below the sector's middle half▼ 44.3%-€11,780below the sector's middle half▲ 72.9%€36,745within the sector's middle half€79,103within the sector's middle half▲ 115%
Solvency6.2%below the sector's middle half-0.0%below the sector's middle half▼ 6.2pp3.4%below the sector's middle half▲ 3.4pp7.9%within the sector's middle half▲ 4.5pp11.3%within the sector's middle half▲ 3.4pp
Current ratio0.92within the sector's middle half-0.88below the sector's middle half▼ 0.040.98below the sector's middle half▲ 0.101.08within the sector's middle half▲ 0.101.15within the sector's middle half▲ 0.07
Return on assets (ROA)2.3%within the sector's middle half--7.2%below the sector's middle half▼ 9.6pp3.4%within the sector's middle half▲ 10.7pp8.4%within the sector's middle half▲ 5.0pp7.8%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,072
Fixed assets
€40,833 ▼ 22.7%
Current assets
€611,239 ▲ 17.3%
Equity and liabilities €652,072
Equity
€73,620 ▲ 62.9%
Debt
€578,452 ▲ 9.4%
Debt's share of the balance-sheet total falls from 92.1% to 88.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87,963▲
2024 · €85,551
Cash flow
€65,749▲
2024 · €61,336
Quick ratio
0.51▲
2024 · 0.36
Debt to equity
7.86▼
2024 · 11.70
ROE
69.4%▼
2024 · 106.5%
Interest coverage
6.69▲
2024 · 5.87
Debt ≤ 1 year
€532,136▲
2024 · €484,305
Debt > 1 year
€44,000=
2024 · €44,000
Income taxes
€9,126▼
2024 · €9,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
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%.
| 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 2,679 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €245 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,090 | €7,689 | €8,946 | €13,185 | €14,663 | ▲ 11.2% |
| Other operating charges640/8 | €437 | €5,396 | €3,376 | €4,938 | €5,060 | ▲ 2.5% |
| Gross operating margin9900 | €15,932 | -€11,288 | €46,832 | €90,489 | €93,023 | ▲ 2.8% |
| Operating profit (loss)9901 | €12,406 | -€24,618 | €34,511 | €72,367 | €73,300 | ▲ 1.3% |
| Financial income75/76B | €0 | €130 | €756 | €0 | €59 | ▲ 48,950% |
| Recurring financial income75 | €0 | €130 | €756 | €0 | €59 | ▲ 48,950% |
| Financial charges65/66B | €1,268 | €1,382 | €15,116 | €14,570 | €13,147 | ▼ 9.8% |
| Recurring financial charges65 | €1,268 | €1,382 | €15,116 | €14,570 | €13,147 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €11,138 | -€25,871 | €20,151 | €57,796 | €60,212 | ▲ 4.2% |
| Income taxes67/77 | €1,371 | - | €1,182 | €9,645 | €9,126 | ▼ 5.4% |
| Profit (loss) for the period9904 | €9,767 | -€25,871 | €18,969 | €48,152 | €51,086 | ▲ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €9,767 | -€25,871 | €18,969 | €48,152 | €51,086 | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,881 | €357,437 | €554,051 | €573,845 | €652,072 | ▲ 13.6% |
| Formation expenses20 | €313 | - | - | - | - | - |
| Fixed assets21/28 | €55,528 | €43,294 | €37,881 | €52,796 | €40,833 | ▼ 22.7% |
| Tangible fixed assets22/27 | €25,004 | €41,044 | €35,631 | €50,546 | €35,883 | ▼ 29.0% |
| Land and buildings22 | €15,289 | €18,527 | - | - | - | - |
| Plant, machinery and equipment23 | €1,059 | €830 | €17,004 | €14,650 | €12,297 | ▼ 16.1% |
| Furniture and vehicles24 | €8,655 | €21,686 | €18,627 | €35,895 | €23,586 | ▼ 34.3% |
| Financial fixed assets28 | €30,525 | €2,250 | €2,250 | €2,250 | €4,950 | ▲ 120% |
| Current assets29/58 | €362,039 | €314,143 | €516,170 | €521,050 | €611,239 | ▲ 17.3% |
| Stocks and contracts in progress3 | €252,415 | €285,598 | €344,436 | €346,486 | €341,217 | ▼ 1.5% |
| Stocks30/36 | €252,415 | €285,598 | €344,436 | €346,486 | €341,217 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €101,253 | €12,554 | €20,306 | €16,253 | €113,234 | ▲ 597% |
| Trade receivables40 | €101,253 | €12,554 | €19,794 | €15,429 | €112,997 | ▲ 632% |
| Other amounts receivable41 | - | - | €512 | €824 | €237 | ▼ 71.2% |
| Cash at bank and in hand54/58 | €8,371 | €15,991 | €150,029 | €151,164 | €134,863 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | - | - | €1,399 | €7,147 | €21,925 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,881 | €357,437 | €554,051 | €573,845 | €652,072 | ▲ 13.6% |
| Equity10/15 | €25,767 | -€103 | €18,866 | €45,199 | €73,620 | ▲ 62.9% |
| Contributions10/11 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Reserves13 | €9,767 | €9,767 | €9,767 | €29,199 | €57,620 | ▲ 97.3% |
| Distributable reserves133 | €9,767 | €9,767 | €9,767 | €29,199 | €57,620 | ▲ 97.3% |
| Profit (loss) carried forward14 | - | -€25,871 | -€6,902 | - | - | - |
| Amounts payable17/49 | €392,113 | €357,540 | €535,185 | €528,646 | €578,452 | ▲ 9.4% |
| Amounts payable after more than one year17 | - | - | - | €44,000 | €44,000 | = |
| Financial debts170/4 | - | - | - | €44,000 | €44,000 | = |
| Amounts payable within one year42/48 | €392,113 | €357,540 | €527,950 | €484,305 | €532,136 | ▲ 9.9% |
| Financial debts43 | €135,000 | €135,000 | €270,000 | €270,000 | €270,000 | = |
| Credit institutions430/8 | €135,000 | €135,000 | €270,000 | €270,000 | €270,000 | = |
| Trade debts44 | €97,277 | €13,130 | €6,135 | €2,578 | €10,384 | ▲ 303% |
| Suppliers440/4 | €97,277 | €13,130 | €6,135 | €2,578 | €10,384 | ▲ 303% |
| Advances received on contracts in progress46 | €36,692 | €26,900 | - | €1,000 | - | - |
| Taxes, remuneration and social security45 | €20,216 | €10,027 | €29,374 | €29,720 | €49,238 | ▲ 65.7% |
| Taxes450/3 | €20,216 | €10,027 | €29,374 | €29,720 | €49,238 | ▲ 65.7% |
| Other amounts payable47/48 | €102,929 | €172,484 | €222,441 | €181,007 | €202,514 | ▲ 11.9% |
| Accrued charges and deferred income492/3 | - | - | €7,236 | €341 | €2,317 | ▲ 579% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,767 | -€25,871 | €18,969 | €48,152 | €51,086 | ▲ 6.1% |
| + Depreciation and write-downs630 | €3,090 | €7,689 | €8,946 | €13,185 | €14,663 | ▲ 11.2% |
| Operating cash flow (approximation) | €12,857 | -€18,181 | €27,915 | €61,336 | €65,749 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €4,546 | -€3,534 | -€28,099 | -€2,700 | ▲ 90.4% |
| Change in cash | - | €7,620 | €134,038 | €1,135 | -€16,301 | ▼ 1,536% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €51,086 ▲6.1%
Operating result €73,300, net result €51,086, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €18,969
Net result €18,969 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€25,871
Net result drops to -€25,871, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Izegem · 1 establishment unit since 2021
Ground area
1,020 m²
Parcel 36492A0285/00G000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VEHICAL
since 20212.315.287.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0285/00G000 | Flanders | 1,020 m² | - | - |
Linked by address, not proof of ownership
Good to know
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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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,516 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
74201Photography, excluding press photography
77110Renting and leasing of cars and light motor vehicles
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765663164
Registered
30-04-2021
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.