VIBAM
ActiveSummary
VIBAM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,076 and a net result of €20,312. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+30
Solvency81▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.34 in 2024; short-term debt: 28.6% and cash: 0.1% of total assets), and 43.5% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
56.5%
Return on assets
7.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
62 d late
2023
2 d early
2022
2 d early
2021
on the day
2020
on the day
2019
on the day
← 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 7 days after 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€153,076▲ 15.3%
2024 · €132,764
Total assets
€271,134▼ 9.8%
2024 · €300,554
Net result
€20,312
2024 · -€28,225
Working capital
-€59,277▲ 19.2%
2024 · -€73,339
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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€10,519▼ 24.6%€50,980▲ 385%€6,745▼ 86.8%-€24,204€33,043
Net result€5,499below the sector's middle half▼ 32.2%€33,271within the sector's middle half▲ 505%-€2,180below the sector's middle half-€28,225below the sector's middle half▼ 1,195%€20,312within the sector's middle half
Equity€129,898within the sector's middle half▲ 4.4%€163,169within the sector's middle half▲ 25.6%€160,989within the sector's middle half▼ 1.3%€132,764below the sector's middle half▼ 17.5%€153,076within the sector's middle half▲ 15.3%
Total assets€385,173below the sector's middle half▲ 64.4%€500,188below the sector's middle half▲ 29.9%€360,331below the sector's middle half▼ 28.0%€300,554below the sector's middle half▼ 16.6%€271,134below the sector's middle half▼ 9.8%
Debt€255,275▲ 178%€337,019▲ 32.0%€199,341▼ 40.9%€167,790▼ 15.8%€118,058▼ 29.6%
Working capital€33,226▲ 3,434%-€66,490-€60,723▲ 8.7%-€73,339▼ 20.8%-€59,277▲ 19.2%
Solvency33.7%within the sector's middle half▼ 19.4pp32.6%within the sector's middle half▼ 1.1pp44.7%within the sector's middle half▲ 12.1pp44.2%within the sector's middle half▼ 0.5pp56.5%within the sector's middle half▲ 12.3pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €33,043 after a loss of €24,204 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,134
Fixed assets
€252,899 ▼ 3.9%
Current assets
€18,235 ▼ 51.2%
Equity and liabilities €271,134
Equity
€153,076 ▲ 15.3%
Debt
€118,058 ▼ 29.6%
Debt's share of the balance-sheet total falls from 55.8% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,329▲
2024 · €22,672
Cash flow
€65,598▲
2024 · €18,651
Current ratio
0.24▼
2024 · 0.34
Debt to equity
0.77▼
2024 · 1.26
ROE
13.3%▲
2024 · -21.3%
ROA
7.5%▲
2024 · -9.4%
Interest coverage
12.35▲
2024 · 4.94
Debt ≤ 1 year
€77,513▼
2024 · €110,730
Debt > 1 year
€28,798▼
2024 · €47,518
Income taxes
€7,016▲
2024 · €191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,502 | €40,182 | €45,312 | €46,876 | €45,286 | ▼ 3.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€18,165 | €0 | - | - | - | - |
| Other operating charges640/8 | €7,753 | €9,160 | €9,073 | €10,731 | €14,668 | ▲ 36.7% |
| Gross operating margin9900 | €47,608 | €100,322 | €61,130 | €33,403 | €92,997 | ▲ 178% |
| Operating profit (loss)9901 | €10,519 | €50,980 | €6,745 | -€24,204 | €33,043 | ▲ 237% |
| Financial income75/76B | €990 | €3,436 | €1,196 | €761 | €627 | ▼ 17.7% |
| Recurring financial income75 | €990 | €3,436 | €1,196 | €761 | €627 | ▼ 17.7% |
| Financial charges65/66B | €2,593 | €7,253 | €3,656 | €4,592 | €6,342 | ▲ 38.1% |
| Recurring financial charges65 | €2,593 | €7,253 | €3,656 | €4,592 | €6,342 | ▲ 38.1% |
| Profit (loss) for the period before taxes9903 | €8,915 | €47,163 | €4,285 | -€28,035 | €27,328 | ▲ 197% |
| Income taxes67/77 | €3,416 | €13,892 | €6,465 | €191 | €7,016 | ▲ 3,579% |
| Profit (loss) for the period9904 | €5,499 | €33,271 | -€2,180 | -€28,225 | €20,312 | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | €5,499 | €33,271 | -€2,180 | -€28,225 | €20,312 | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,173 | €500,188 | €360,331 | €300,554 | €271,134 | ▼ 9.8% |
| Fixed assets21/28 | €209,416 | €337,401 | €308,156 | €263,164 | €252,899 | ▼ 3.9% |
| Tangible fixed assets22/27 | €209,416 | €337,401 | €308,156 | €263,164 | €252,899 | ▼ 3.9% |
| Land and buildings22 | €172,173 | €296,120 | €270,398 | €241,970 | €228,499 | ▼ 5.6% |
| Plant, machinery and equipment23 | €4,818 | €4,611 | €10,527 | €7,517 | €4,991 | ▼ 33.6% |
| Furniture and vehicles24 | €5,509 | €5,644 | €3,918 | €3,577 | €3,709 | ▲ 3.7% |
| Leasing and similar rights25 | €26,916 | €31,026 | €23,313 | €10,101 | €15,700 | ▲ 55.4% |
| Current assets29/58 | €175,757 | €162,787 | €52,175 | €37,390 | €18,235 | ▼ 51.2% |
| Amounts receivable after more than one year29 | - | €35,232 | €36,840 | €29,993 | €11,874 | ▼ 60.4% |
| Other amounts receivable291 | - | €35,232 | €36,840 | €29,993 | €11,874 | ▼ 60.4% |
| Amounts receivable within one year40/41 | €51,785 | €89,465 | €8,673 | €1,815 | €3,763 | ▲ 107% |
| Trade receivables40 | €22,086 | €89,209 | €8,647 | €1,815 | €3,763 | ▲ 107% |
| Other amounts receivable41 | €29,699 | €256 | €25 | - | - | - |
| Cash at bank and in hand54/58 | €114,998 | €34,428 | €864 | €5 | €310 | ▲ 6,028% |
| Deferred charges and accrued income490/1 | €8,973 | €3,662 | €5,798 | €5,577 | €2,289 | ▼ 59.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,173 | €500,188 | €360,331 | €300,554 | €271,134 | ▼ 9.8% |
| Equity10/15 | €129,898 | €163,169 | €160,989 | €132,764 | €153,076 | ▲ 15.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,074 | €9,074 | €9,074 | €9,074 | €9,074 | = |
| Non-distributable reserves130/1 | €9,074 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €9,074 | €0 | - | - | - | - |
| Distributable reserves133 | - | €9,074 | €9,074 | €9,074 | €9,074 | = |
| Profit (loss) carried forward14 | €102,223 | €135,495 | €133,315 | €105,090 | €125,402 | ▲ 19.3% |
| Amounts payable17/49 | €255,275 | €337,019 | €199,341 | €167,790 | €118,058 | ▼ 29.6% |
| Amounts payable after more than one year17 | €111,394 | €93,373 | €72,332 | €47,518 | €28,798 | ▼ 39.4% |
| Financial debts170/4 | €111,394 | €93,373 | €72,332 | €47,518 | €28,798 | ▼ 39.4% |
| Amounts payable within one year42/48 | €142,531 | €229,277 | €112,897 | €110,730 | €77,513 | ▼ 30.0% |
| Current portion of amounts payable after more than one year42 | €30,980 | €26,894 | €21,040 | €20,493 | €18,720 | ▼ 8.7% |
| Financial debts43 | - | - | - | €4,571 | €25,265 | ▲ 453% |
| Credit institutions430/8 | - | - | - | €4,571 | €25,265 | ▲ 453% |
| Trade debts44 | €86,318 | €74,161 | €74,693 | €66,396 | €19,095 | ▼ 71.2% |
| Suppliers440/4 | €86,318 | €74,161 | €74,693 | €66,396 | €19,095 | ▼ 71.2% |
| Taxes, remuneration and social security45 | €19,984 | €4,813 | €8,445 | €6,556 | €8,200 | ▲ 25.1% |
| Taxes450/3 | €19,984 | €4,813 | €8,445 | €6,556 | €8,200 | ▲ 25.1% |
| Other amounts payable47/48 | €5,250 | €123,409 | €8,719 | €12,714 | €6,234 | ▼ 51.0% |
| Accrued charges and deferred income492/3 | €1,350 | €14,370 | €14,111 | €9,543 | €11,748 | ▲ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,499 | €33,271 | -€2,180 | -€28,225 | €20,312 | ▲ 172% |
| + Depreciation and write-downs630 | €47,502 | €40,182 | €45,312 | €46,876 | €45,286 | ▼ 3.4% |
| Operating cash flow (approximation) | €53,000 | €73,453 | €43,133 | €18,651 | €65,598 | ▲ 252% |
| Investment in fixed assets (approximation) | - | -€168,167 | -€16,067 | -€1,884 | -€35,020 | ▼ 1,759% |
| Change in cash | - | -€80,571 | -€33,564 | -€859 | €305 | ▲ 136% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €20,312
Net result €20,312 after 2 loss-making years.
30-09
Financial
Equity above €150,000Eq €153,076 ▲15.3%
Equity rises from €132,764 to €153,076.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
2024
30-09
Financial
Weakest financial yearnet -€28,225
Net result drops to -€28,225, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €33,271 ▲505%
Operating result €50,980, net result €33,271, both a record.
30-09
Financial
Equity above €150,000Eq €163,169 ▲25.6%
5 profitable years in a row build equity to €163,169.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Steenokkerzeel · 1 establishment unit since 2012
Ground area
972 m²
Building footprint
460 m²
Volume, LiDAR
2,257 m³
Parcel 23065A0251/00P000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MANURENT
since 20122.206.048.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23065A0251/00P000 | Flanders | 972 m² | 1 · 460 m² | 10.1 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.
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Of 1,076 companies in sector 46140 we hold annual accounts for 646. 503 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
Founded20-12-1993
Fiscal year end30-09
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46190Agents in non-specialised wholesale trade
46644Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451731473
Registered
16-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.