Vicarsi
ActiveSummary
Vicarsi has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,883 and a net result of €68,393. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 21% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+25
Solvency41▼-1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.33 in 2024; short-term debt: 38.6% and cash: 18.5% of total assets), and 84% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
16%
Return on assets
22.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 21%
← weakest
strongest →
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 30-04-2026, 92 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
92 d early
2024
23 d early
2023
7 d early
2022
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 9 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€47,883▲ 6.4%
2024 · €44,990
Total assets
€298,623▲ 13.1%
2024 · €264,007
Net result
€68,393▲ 825%
2024 · €7,393
Working capital
-€55,967▼ 21.0%
2024 · -€46,238
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line2022202320242025
Operating result€33,793-€37,842▲ 12.0%€14,304▼ 62.2%€96,832▲ 577%
Net result€22,543within the sector's middle half-€26,553within the sector's middle half▲ 17.8%€7,393within the sector's middle half▼ 72.2%€68,393above the sector's middle half▲ 825%
Equity€25,543below the sector's middle half-€37,596within the sector's middle half▲ 47.2%€44,990within the sector's middle half▲ 19.7%€47,883within the sector's middle half▲ 6.4%
Total assets€58,643below the sector's middle half-€95,205within the sector's middle half▲ 62.3%€264,007within the sector's middle half▲ 177%€298,623within the sector's middle half▲ 13.1%
Debt€33,100-€57,609▲ 74.0%€219,017▲ 280%€250,740▲ 14.5%
Working capital€21,315within the sector's middle half-€31,477within the sector's middle half▲ 47.7%-€46,238below the sector's middle half-€55,967below the sector's middle half▼ 21.0%
Solvency43.6%within the sector's middle half-39.5%within the sector's middle half▼ 4.1pp17.0%below the sector's middle half▼ 22.4pp16.0%below the sector's middle half▼ 1.0pp
Current ratio1.64within the sector's middle half-1.55within the sector's middle half▼ 0.100.33below the sector's middle half▼ 1.210.51below the sector's middle half▲ 0.18
Return on assets (ROA)38.4%above the sector's middle half-27.9%within the sector's middle half▼ 10.6pp2.8%within the sector's middle half▼ 25.1pp22.9%within the sector's middle half▲ 20.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 recovers in 2025; 2025 is 577% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,623
Fixed assets
€239,321 ▼ 0.6%
Current assets
€59,302 ▲ 155%
Equity and liabilities €298,623
Equity
€47,883 ▲ 6.4%
Debt
€250,740 ▲ 14.5%
Debt's share of the balance-sheet total rises from 83.0% to 84.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,617▲
2024 · €47,538
Cash flow
€77,179▲
2024 · €40,627
Debt to equity
5.24▲
2024 · 4.87
ROE
142.8%▲
2024 · 16.4%
Interest coverage
18.44▼
2024 · 30.29
Debt ≤ 1 year
€115,269▲
2024 · €69,505
Debt > 1 year
€134,744▼
2024 · €149,513
Income taxes
€22,835▲
2024 · €5,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
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 lower bankruptcy probability: 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,355 | €1,414 | €33,234 | €8,785 | ▼ 73.6% |
| Other operating charges640/8 | €58 | €185 | €760 | €2,281 | ▲ 200% |
| Gross operating margin9900 | €35,205 | €39,440 | €48,297 | €107,898 | ▲ 123% |
| Operating profit (loss)9901 | €33,793 | €37,842 | €14,304 | €96,832 | ▲ 577% |
| Financial income75/76B | €0 | €46 | €629 | €123 | ▼ 80.5% |
| Recurring financial income75 | €0 | €46 | €629 | €123 | ▼ 80.5% |
| Financial charges65/66B | €22 | €555 | €1,570 | €5,726 | ▲ 265% |
| Recurring financial charges65 | €22 | €555 | €1,570 | €5,726 | ▲ 265% |
| Profit (loss) for the period before taxes9903 | €33,771 | €37,333 | €13,363 | €91,228 | ▲ 583% |
| Income taxes67/77 | €11,228 | €10,779 | €5,969 | €22,835 | ▲ 283% |
| Profit (loss) for the period9904 | €22,543 | €26,553 | €7,393 | €68,393 | ▲ 825% |
| Profit (loss) for the period to be appropriated9905 | €22,543 | €26,553 | €7,393 | €68,393 | ▲ 825% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58,643 | €95,205 | €264,007 | €298,623 | ▲ 13.1% |
| Fixed assets21/28 | €4,227 | €6,120 | €240,741 | €239,321 | ▼ 0.6% |
| Tangible fixed assets22/27 | €4,227 | €6,120 | €240,741 | €239,321 | ▼ 0.6% |
| Land and buildings22 | - | - | €219,555 | €218,083 | ▼ 0.7% |
| Plant, machinery and equipment23 | €2,612 | €2,050 | €1,489 | €927 | ▼ 37.7% |
| Furniture and vehicles24 | €1,616 | €4,070 | €19,697 | €20,311 | ▲ 3.1% |
| Current assets29/58 | €54,415 | €89,085 | €23,266 | €59,302 | ▲ 155% |
| Amounts receivable within one year40/41 | €12,741 | €16,149 | €20 | €3,138 | ▲ 15,290% |
| Trade receivables40 | €12,741 | €16,149 | €20 | €938 | ▲ 4,500% |
| Other amounts receivable41 | - | - | - | €2,200 | - |
| Cash at bank and in hand54/58 | €40,536 | €71,903 | €22,243 | €55,126 | ▲ 148% |
| Deferred charges and accrued income490/1 | €1,138 | €1,033 | €1,003 | €1,038 | ▲ 3.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58,643 | €95,205 | €264,007 | €298,623 | ▲ 13.1% |
| Equity10/15 | €25,543 | €37,596 | €44,990 | €47,883 | ▲ 6.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €22,543 | €34,596 | €41,990 | €44,883 | ▲ 6.9% |
| Distributable reserves133 | €22,543 | €34,596 | €41,990 | €44,883 | ▲ 6.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €33,100 | €57,609 | €219,017 | €250,740 | ▲ 14.5% |
| Amounts payable after more than one year17 | - | - | €149,513 | €134,744 | ▼ 9.9% |
| Financial debts170/4 | - | - | €149,513 | €134,744 | ▼ 9.9% |
| Amounts payable within one year42/48 | €33,100 | €57,609 | €69,505 | €115,269 | ▲ 65.8% |
| Current portion of amounts payable after more than one year42 | - | - | €15,487 | €15,979 | ▲ 3.2% |
| Trade debts44 | €3,001 | €3,006 | €914 | €3,270 | ▲ 258% |
| Suppliers440/4 | €3,001 | €3,006 | €914 | €3,270 | ▲ 258% |
| Taxes, remuneration and social security45 | €22,484 | €23,776 | €30,323 | €20,082 | ▼ 33.8% |
| Taxes450/3 | €20,534 | €21,826 | €28,373 | €18,132 | ▼ 36.1% |
| Remuneration and social security454/9 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Other amounts payable47/48 | €7,614 | €30,827 | €22,780 | €75,938 | ▲ 233% |
| Accrued charges and deferred income492/3 | - | - | - | €727 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,543 | €26,553 | €7,393 | €68,393 | ▲ 825% |
| + Depreciation and write-downs630 | €1,355 | €1,414 | €33,234 | €8,785 | ▼ 73.6% |
| Operating cash flow (approximation) | €23,898 | €27,967 | €40,627 | €77,179 | ▲ 90.0% |
| Investment in fixed assets (approximation) | - | -€3,306 | -€267,855 | -€7,366 | ▲ 97.3% |
| Change in cash | - | €31,367 | -€49,660 | €32,883 | ▲ 166% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €68,393 ▲825%
Operating result €96,832, net result €68,393, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7,393 ▼72.2%
Net result drops to €7,393, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wortegem-Petegem · 1 establishment unit since 2021
Ground area
2,387 m²
Building footprint
173 m²
Volume, LiDAR
420 m³
Parcel 45025C0336/00W000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Meirhaegstraat (O.-W.) 6, 9790 Wortegem-Petegem
since 20212.323.125.353
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025C0336/00W000 | Flanders | 2,386 m² | 1 · 172 m² | 5.9 m · 1 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 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,053 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
Founded14-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775773237
Registered
17-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.