VIBOCAR
ActiveSummary
The annual accounts of VIBOCAR for fiscal year 2024 show a net loss of 94% of the equity at the start of that year. The 2024 annual accounts show equity of €3,375 and a net result of -€51,301. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 15872 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-88
Solvency27▼-38
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05 against 1.65 in 2023; short-term debt: 89.4% and cash: 3.2% of total assets), and 97.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.4%
Return on assets
-36.4%
Age of the figures
21 mo
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15872 sector peers (2024).
NBB · sector comparisonPosition among 15872 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
146 d late
2022
132 d late
2021
129 d late
2020
66 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 106 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€3,375▼ 93.8%
2023 · €54,676
Total assets
€140,832▲ 2.3%
2023 · €137,655
Net result
-€51,301
2023 · €20,880
Working capital
€6,221▼ 88.4%
2023 · €53,788
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
Line20202021202220232024
Operating result€6,319€12,207▲ 93.2%€25,022▲ 105%€27,345▲ 9.3%-€46,991
Net result€5,266within the sector's middle half€11,009within the sector's middle half▲ 109%€21,910within the sector's middle half▲ 99.0%€20,880within the sector's middle half▼ 4.7%-€51,301below the sector's middle half
Equity€878below the sector's middle half€11,886within the sector's middle half▲ 1,255%€33,796within the sector's middle half▲ 184%€54,676within the sector's middle half▲ 61.8%€3,375below the sector's middle half▼ 93.8%
Total assets€102,456within the sector's middle half▲ 10.0%€144,634within the sector's middle half▲ 41.2%€123,259within the sector's middle half▼ 14.8%€137,655within the sector's middle half▲ 11.7%€140,832within the sector's middle half▲ 2.3%
Debt€101,579▲ 4.2%€132,748▲ 30.7%€89,463▼ 32.6%€82,979▼ 7.2%€137,457▲ 65.7%
Working capital€1,009within the sector's middle half-€18,124below the sector's middle half€9,077within the sector's middle half€53,788within the sector's middle half▲ 493%€6,221within the sector's middle half▼ 88.4%
Solvency0.9%below the sector's middle half▲ 5.6pp8.2%within the sector's middle half▲ 7.4pp27.4%within the sector's middle half▲ 19.2pp39.7%within the sector's middle half▲ 12.3pp2.4%below the sector's middle half▼ 37.3pp
Current ratio1.01within the sector's middle half▲ 0.060.86below the sector's middle half▼ 0.151.10within the sector's middle half▲ 0.241.65within the sector's middle half▲ 0.551.05within the sector's middle half▼ 0.60
Return on assets (ROA)5.1%within the sector's middle half▲ 20.9pp7.6%within the sector's middle half▲ 2.5pp17.8%above the sector's middle half▲ 10.2pp15.2%above the sector's middle half▼ 2.6pp-36.4%below the sector's middle half▼ 51.6pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €46,991 after €27,345 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €140,832
Fixed assets
€8,718 ▲ 882%
Current assets
€132,114 ▼ 3.4%
Equity and liabilities €140,832
Equity
€3,375 ▼ 93.8%
Debt
€137,457 ▲ 65.7%
Debt's share of the balance-sheet total rises from 60.3% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€46,743▼
2023 · €27,345
Cash flow
-€51,053▼
2023 · €20,880
Quick ratio
1.00▼
2023 · 1.44
Debt to equity
40.72▲
2023 · 1.52
Interest coverage
-11.07▼
2023 · 7.27
Debt ≤ 1 year
€125,893▲
2023 · €82,979
Debt > 1 year
€3,209
Income taxes
€153▼
2023 · €2,706
A ratio outside any meaningful range has been withheld (balance sheet total €140,832, equity €3,375).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 541 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.5%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 541 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,468 | €6,575 | €0 | €248 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,865 | €5,865 | = |
| Other operating charges640/8 | - | €2,075 | €2,972 | €3,082 | €1,569 | ▼ 49.1% |
| Non-recurring operating charges66A | - | - | - | €7,302 | €976 | ▼ 86.6% |
| Gross operating margin9900 | €7,317 | €16,749 | €34,569 | €43,595 | -€38,333 | ▼ 188% |
| Operating profit (loss)9901 | €6,319 | €12,207 | €25,022 | €27,345 | -€46,991 | ▼ 272% |
| Financial income75/76B | - | €24 | €131 | €1 | €67 | ▲ 13,374% |
| Recurring financial income75 | €1 | €24 | €131 | €1 | €67 | ▲ 13,374% |
| Financial charges65/66B | - | €1,065 | €3,193 | €3,760 | €4,224 | ▲ 12.3% |
| Recurring financial charges65 | €1,054 | €1,065 | €3,193 | €3,760 | €4,224 | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €5,266 | €11,166 | €21,960 | €23,586 | -€51,147 | ▼ 317% |
| Income taxes67/77 | - | €157 | €50 | €2,706 | €153 | ▼ 94.3% |
| Profit (loss) for the period9904 | €5,266 | €11,009 | €21,910 | €20,880 | -€51,301 | ▼ 346% |
| Profit (loss) for the period to be appropriated9905 | €5,266 | €11,009 | €21,910 | €20,880 | -€51,301 | ▼ 346% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,456 | €144,634 | €123,259 | €137,655 | €140,832 | ▲ 2.3% |
| Fixed assets21/28 | €875 | €31,333 | €24,719 | €888 | €8,718 | ▲ 882% |
| Tangible fixed assets22/27 | - | €30,406 | €23,831 | €0 | €7,830 | - |
| Furniture and vehicles24 | - | €30,406 | €23,831 | €0 | €7,830 | - |
| Financial fixed assets28 | €875 | €927 | €888 | €888 | €888 | = |
| Current assets29/58 | €101,581 | €113,301 | €98,540 | €136,767 | €132,114 | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | €58,652 | €58,652 | €0 | - | - |
| Other amounts receivable291 | - | €58,652 | €58,652 | €0 | - | - |
| Stocks and contracts in progress3 | €19,615 | €19,615 | €19,615 | €17,137 | €6,470 | ▼ 62.2% |
| Stocks30/36 | - | €19,615 | €19,615 | €17,137 | €6,470 | ▼ 62.2% |
| Amounts receivable within one year40/41 | €17,315 | €32,006 | €15,194 | €83,502 | €117,638 | ▲ 40.9% |
| Trade receivables40 | - | €32,006 | €14,594 | €83,250 | €111,192 | ▲ 33.6% |
| Other amounts receivable41 | - | - | €600 | €252 | €6,446 | ▲ 2,463% |
| Cash at bank and in hand54/58 | €5,999 | €2,221 | €4,590 | €297 | €4,505 | ▲ 1,416% |
| Deferred charges and accrued income490/1 | - | €807 | €488 | €35,831 | €3,500 | ▼ 90.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,456 | €144,634 | €123,259 | €137,655 | €140,832 | ▲ 2.3% |
| Equity10/15 | €878 | €11,886 | €33,796 | €54,676 | €3,375 | ▼ 93.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,461 | €1,461 | €1,461 | €21,461 | €21,461 | = |
| Non-distributable reserves130/1 | - | €1,461 | €1,461 | €1,461 | €1,461 | = |
| Legal reserve130 | - | €1,461 | €1,461 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,461 | €1,461 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€19,183 | -€8,175 | €13,735 | €14,615 | -€36,686 | ▼ 351% |
| Amounts payable17/49 | €101,579 | €132,748 | €89,463 | €82,979 | €137,457 | ▲ 65.7% |
| Amounts payable after more than one year17 | - | - | - | - | €3,209 | - |
| Financial debts170/4 | - | - | - | - | €3,209 | - |
| Amounts payable within one year42/48 | €100,572 | €131,425 | €89,463 | €82,979 | €125,893 | ▲ 51.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,692 | - |
| Financial debts43 | - | - | - | €13,875 | €7,333 | ▼ 47.1% |
| Credit institutions430/8 | - | - | - | €13,875 | €7,333 | ▼ 47.1% |
| Trade debts44 | €73,362 | €65,168 | €74,691 | €55,550 | €77,414 | ▲ 39.4% |
| Suppliers440/4 | - | €65,168 | €74,691 | €55,550 | €77,414 | ▲ 39.4% |
| Advances received on contracts in progress46 | - | - | - | €4,369 | €25,163 | ▲ 476% |
| Taxes, remuneration and social security45 | - | €30,168 | €13,214 | €9,184 | €12,290 | ▲ 33.8% |
| Taxes450/3 | - | €30,168 | €13,214 | €9,184 | €12,290 | ▲ 33.8% |
| Other amounts payable47/48 | - | €36,090 | €1,558 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €1,323 | - | - | €8,355 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,266 | €11,009 | €21,910 | €20,880 | -€51,301 | ▼ 346% |
| + Depreciation and write-downs630 | - | €2,468 | €6,575 | €0 | €248 | - |
| Operating cash flow (approximation) | €5,266 | €13,476 | €28,485 | €20,880 | -€51,053 | ▼ 345% |
| Investment in fixed assets (approximation) | - | -€32,926 | €39 | €23,831 | -€8,078 | ▼ 134% |
| Change in cash | - | -€3,778 | €2,369 | -€4,293 | €4,208 | ▲ 198% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Weakest financial yearnet -€51,301
Net result drops to -€51,301, the lowest in the series.
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 132 days late
2022
31-12
Financial
Highest result since 2019net €21,910 ▲99%
Net result €21,910, the highest in the series.
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 129 days late
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
2020
31-12
Financial
Back to profitnet €5,266
Net result €5,266 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 422 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 423 days late
2012
09-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 9 days late
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, Maarkedal · 1 establishment unit since 2002
Ground area
440 m²
Parcel 45044A0440/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Neutenstraat z/n, 9688 Maarkedal
since 20022.114.303.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45044A0440/00H000 | Flanders | 440 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 1,743 companies in sector 46720 we hold annual accounts for 1,083. 109 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 (pre-2019)
Founded08-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46720Wholesale of motor vehicle parts and accessories
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476575747
Registered
08-01-2026
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.