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VIAL

Active
Public limited companyfounded 199234 yrs activeRue des Alouettes,Fratin 9, 6740 Etalle, BelgiumKBO/BCE: BE 0448.219.875
Summary

VIAL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,359 and a net result of €4,109. Equity is growing by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability72▲+6
Solvency100▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.04 in 2024; short-term debt: 16.9% and cash: 0.7% of total assets), and 17.6% of the assets are financed with debt.
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Signals

Six 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 34 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
82.4%
Return on assets
2.5%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
27 d late
2024
on the day
2023
on the day
2022
on the day
2021
59 d late
2020
26 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 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

On 31 July 1992, VIAL was incorporated.1 Total assets went from EUR 186,752 in 2019 to EUR 161,820 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€0
Total assets
€161,820▼ 8.4%
2024 · €176,684
Net result
€4,109
2024 · -€3,822
Working capital
-€24,459▲ 45.2%
2024 · -€44,654
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
Turnover€0
Operating result-€768▼ 449%€60,735-€7,266-€3,384▲ 53.4%€4,587
Net result-€1,093▼ 101%€52,806-€7,669-€3,822▲ 50.2%€4,109
Equity€87,935▼ 1.2%€140,741▲ 60.1%€133,072▼ 5.4%€129,250▼ 2.9%€133,359▲ 3.2%
Total assets€186,754▲ 1.6%€231,961▲ 24.2%€189,281▼ 18.4%€176,684▼ 6.7%€161,820▼ 8.4%
Debt€98,069▲ 4.5%€90,312▼ 7.9%€55,211▼ 38.9%€46,527▼ 15.7%€27,372▼ 41.2%
Working capital-€84,117▲ 8.5%-€28,052▲ 66.7%-€51,401▼ 83.2%-€44,654▲ 13.1%-€24,459▲ 45.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: -€768-€768Net result 2021: -€1,093-€1,093Operating result 2022: €60,735€60,735Net result 2022: €52,806€52,806Operating result 2023: -€7,266-€7,266Net result 2023: -€7,669-€7,669Operating result 2024: -€3,384-€3,384Net result 2024: -€3,822-€3,822Operating result 2025: €4,587€4,587Net result 2025: €4,109€4,10920212022202320242025-€10,000-€5,000€0€5,000Operating result 2023: -€7,266-€7,270Net result 2023: -€7,669-€7,670Operating result 2024: -€3,384-€3,380Net result 2024: -€3,822-€3,820Operating result 2025: €4,587€4,590Net result 2025: €4,109€4,110202320242025
The operating result returns to profit in 2025: €4,587 after a loss of €3,384 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,820
Fixed assets €158,907 ▼ 9.1%
Current assets €2,913 ▲ 55.5%
Equity and liabilities €161,820
Equity €133,359 ▲ 3.2%
Provisions €1,089 ▲ 20.0%
Debt €27,372 ▼ 41.2%
Debt's share of the balance-sheet total falls from 26.3% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€26,686▲
2024 · €19,444
Cash flow
€26,208▲
2024 · €19,006
Current ratio
0.11▲
2024 · 0.04
Debt to equity
0.21▼
2024 · 0.36
ROE
3.1%▲
2024 · -3.0%
ROA
2.5%▲
2024 · -2.2%
Interest coverage
55.87▲
2024 · 44.36
Debt ≤ 1 year
€27,372▼
2024 · €46,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% 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 bankruptcy probability of 0.6% 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%.

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 17,027 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 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€176,684€161,820▼
Fixed assets21/28€174,811€158,907▼
Tangible fixed assets22/27€174,811€158,907▼
Land and buildings22€172,814€153,615▼
Furniture and vehicles24€1,997€5,292▲
Current assets29/58€1,873€2,913▲
Cash at bank and in hand54/58€566€1,198▲
Deferred charges and accrued income490/1€1,307€1,715▲
Equity and liabilities
Total equity and liabilities10/49€176,684€161,820▼
Equity10/15€129,250€133,359▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€79,113€79,113=
Non-distributable reserves130/1€16,113€16,113=
Legal reserve130€16,113€16,113=
Distributable reserves133€63,000€63,000=
Profit (loss) carried forward14-€11,363-€7,254▲
Provisions and deferred taxes16€908€1,089▲
Provisions for liabilities and charges160/5€908€1,089▲
Other liabilities and charges164/5€908€1,089▲
Amounts payable17/49€46,527€27,372▼
Amounts payable within one year42/48€46,527€27,372▼
Trade debts44€4,371€1,548▼
Suppliers440/4€4,371€1,548▼
Taxes, remuneration and social security45€3,192€3,036▼
Taxes450/3€3,192€3,036▼
Other amounts payable47/48€38,963€22,788▼
Income statement Code20242025
Non-recurring operating income76A-€9,250
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,828€22,099▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€91€182▲
Other operating charges640/8€2,369€1,780▼
Gross operating margin9900€21,722€28,647▲
Operating profit (loss)9901-€3,384€4,587▲
Financial charges65/66B€438€478▲
Recurring financial charges65€438€478▲
Profit (loss) for the period before taxes9903-€3,822€4,109▲
Profit (loss) for the period9904-€3,822€4,109▲
Profit (loss) for the period to be appropriated9905-€3,822€4,109▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,363-€7,254▲
Profit (loss) brought forward from the previous period14P-€7,541-€11,363▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70-€0----
Non-recurring operating income76A-€1,493€576-€9,250-
Goods, raw materials, services and sundry goods60/61-€20,730€16,776---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,850€22,818€22,907€22,828€22,099▼ 3.2%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€158€91-€91€182▲ 300%
Other operating charges640/8-€2,597€2,723€2,369€1,780▼ 24.9%
Gross operating margin9900€20,336€86,307€18,455€21,722€28,647▲ 31.9%
Operating profit (loss)9901-€768€60,735-€7,266-€3,384€4,587▲ 236%
Financial charges65/66B-€362€404€438€478▲ 9.0%
Recurring financial charges65€325€362€404€438€478▲ 9.0%
Profit (loss) for the period before taxes9903-€1,093€60,373-€7,669-€3,822€4,109▲ 208%
Income taxes67/77-€7,566----
Profit (loss) for the period9904-€1,093€52,806-€7,669-€3,822€4,109▲ 208%
Profit (loss) for the period to be appropriated9905-€1,093€52,806-€7,669-€3,822€4,109▲ 208%
Line20212022202320242025Change
Assets
Total assets20/58€186,754€231,961€189,281€176,684€161,820▼ 8.4%
Fixed assets21/28€173,297€169,701€185,471€174,811€158,907▼ 9.1%
Tangible fixed assets22/27€173,297€169,701€185,471€174,811€158,907▼ 9.1%
Land and buildings22-€165,676€182,723€172,814€153,615▼ 11.1%
Plant, machinery and equipment23-€525€0---
Furniture and vehicles24-€3,500€2,749€1,997€5,292▲ 165%
Current assets29/58€13,457€62,260€3,810€1,873€2,913▲ 55.5%
Amounts receivable within one year40/41€11,648€1,811€0---
Trade receivables40-€1,811€0---
Other amounts receivable41--€0---
Cash at bank and in hand54/58€710€59,275€2,583€566€1,198▲ 112%
Deferred charges and accrued income490/1-€1,174€1,227€1,307€1,715▲ 31.2%
Equity and liabilities
Total equity and liabilities10/49€186,754€231,961€189,281€176,684€161,820▼ 8.4%
Equity10/15€87,935€140,741€133,072€129,250€133,359▲ 3.2%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€24,789€79,113€79,113€79,113€79,113=
Non-distributable reserves130/1-€16,113€16,113€16,113€16,113=
Legal reserve130-€16,113€16,113€16,113€16,113=
Distributable reserves133-€63,000€63,000€63,000€63,000=
Profit (loss) carried forward14€1,646€128-€7,541-€11,363-€7,254▲ 36.2%
Provisions and deferred taxes16€750€908€998€908€1,089▲ 20.0%
Provisions for liabilities and charges160/5-€908€998€908€1,089▲ 20.0%
Other liabilities and charges164/5-€908€998€908€1,089▲ 20.0%
Amounts payable17/49€98,069€90,312€55,211€46,527€27,372▼ 41.2%
Amounts payable within one year42/48€97,574€90,312€55,211€46,527€27,372▼ 41.2%
Trade debts44€1,712€1,862€148€4,371€1,548▼ 64.6%
Suppliers440/4-€1,862€148€4,371€1,548▼ 64.6%
Taxes, remuneration and social security45-€8,749€2,417€3,192€3,036▼ 4.9%
Taxes450/3-€8,749€2,417€3,192€3,036▼ 4.9%
Other amounts payable47/48-€79,700€52,646€38,963€22,788▼ 41.5%
Accrued charges and deferred income492/3-€0----
Line20212022202320242025Change
Profit (loss) for the period9904-€1,093€52,806-€7,669-€3,822€4,109▲ 208%
+ Depreciation and write-downs630€19,850€22,818€22,907€22,828€22,099▼ 3.2%
Operating cash flow (approximation)€18,757€75,625€15,238€19,006€26,208▲ 37.9%
Investment in fixed assets (approximation)--€19,222-€38,677-€12,168-€6,194▲ 49.1%
Change in cash-€58,565-€56,692-€2,016€632▲ 131%

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 31-01-2027
2026
27-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial Back to profitnet €4,109
Net result €4,109 after 2 loss-making years.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Weakest financial yearnet -€7,669
Net result drops to -€7,669, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Back to profitnet €52,806
Net result €52,806 after 3 loss-making years.
30-06
Financial Equity above €100,000Eq €140,741 ▲60.1%
Equity rises from €87,935 to €140,741.
31-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
26-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
20-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
27-02
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
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, Etalle · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
1,764 m²
Building footprint
237 m²
Volume, LiDAR
1,190 m³
Parcel 85033B0712/00Z002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Alouettes,Fratin 9, 6740 Etalle
NACE 70201
since 19922.059.778.370
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
85033B0712/00Z002 Wallonia 1,764 m² 1 · 237 m² 7.5 m · 2 fl.
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.

Identification & contact

Identification
Legal formPublic limited company
Founded31-07-1992
Fiscal year end30-06
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.

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Register as of 28 September 2026 · Peppol Directory

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