VICHEAU
ActiveSummary
VICHEAU has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €40k. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 34% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency58▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 2.83 in 2024; short-term debt: 17.4% and cash: 7% of total assets), and 67% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
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
33%
Return on assets
8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
25 d late
2022
28 d late
2021
30 d late
2020
92 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▲ 31.9%
2024 · €126k
2020: €23klowest in 6 years
2021: €51k▲ +125% vs 2020
2022: €77k▲ +52.3% vs 2021
2023: €88k▲ +14.5% vs 2022
2024: €126k▲ +43.1% vs 2023
2025: €167k▲ +31.9% vs 2024highest in 6 years
2020 → 2025
Total assets
€504k▲ 24.8%
2024 · €404k
2020: €39klowest in 6 years
2021: €86k▲ +122% vs 2020
2022: €108k▲ +24.5% vs 2021
2023: €114k▲ +5.6% vs 2022
2024: €404k▲ +255% vs 2023
2025: €504k▲ +24.8% vs 2024highest in 6 years
2020 → 2025
Net result
€40k▲ 5.8%
2024 · €38k
2020: €18k
2021: €28k▲ +60.4% vs 2020
2022: €26k▼ -5.8% vs 2021
2023: €11k▼ -57.8% vs 2022lowest in 6 years
2024: €38k▲ +241% vs 2023
2025: €40k▲ +5.8% vs 2024highest in 6 years
2020 → 2025
Working capital
€9k▼ 83.1%
2024 · €51k
2020: €20k
2021: €37k▲ +83.7% vs 2020
2022: €65k▲ +73.4% vs 2021highest in 6 years
2023: €50k▼ -22.4% vs 2022
2024: €51k▲ +0.7% vs 2023
2025: €9k▼ -83.1% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€77k▲ 52.3%€88k▲ 14.5%€126k▲ 43.1%€167k▲ 31.9%
2021: €51klowest in 5 years
2022: €77k▲ +52.3% vs 2021
2023: €88k▲ +14.5% vs 2022
2024: €126k▲ +43.1% vs 2023
2025: €167k▲ +31.9% vs 2024highest in 5 years
Operating result€39k-€38k▼ 3.3%€16k▼ 57.4%€57k▲ 251%€71k▲ 23.7%
2021: €39k
2022: €38k▼ -3.3% vs 2021
2023: €16k▼ -57.4% vs 2022lowest in 5 years
2024: €57k▲ +251% vs 2023
2025: €71k▲ +23.7% vs 2024highest in 5 years
Net result€28k-€26k▼ 5.8%€11k▼ 57.8%€38k▲ 241%€40k▲ 5.8%
2021: €28k
2022: €26k▼ -5.8% vs 2021
2023: €11k▼ -57.8% vs 2022lowest in 5 years
2024: €38k▲ +241% vs 2023
2025: €40k▲ +5.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504k
Fixed assets
€408k ▲ 25.3%
Current assets
€96k ▲ 22.4%
Equity and liabilities €504k
Equity
€167k ▲ 31.9%
Debt
€338k ▲ 21.5%
Debt's share of the balance-sheet total falls from 68.8% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €71k
Cash flow
€60k▲
2024 · €52k
Current ratio
1.10▼
2024 · 2.83
Debt to equity
2.03▼
2024 · 2.20
ROE
24.2%▼
2024 · 30.1%
ROA
8.0%▼
2024 · 9.4%
Interest coverage
9.58▼
2024 · 22.02
Debt ≤ 1 year
€88k▲
2024 · €28k
Debt > 1 year
€250k=
2024 · €250k
Income taxes
€21k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€404k€504k▲
Formation expenses20€0€0=
Fixed assets21/28€325k€408k▲
Intangible fixed assets21€40k€22k▼
Tangible fixed assets22/27€5k€5k▼
Furniture and vehicles24€5k€5k▼
Financial fixed assets28€280k€380k▲
Current assets29/58€79k€96k▲
Amounts receivable within one year40/41€19k€40k▲
Trade receivables40€2k€19k▲
Other amounts receivable41€17k€20k▲
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€37k€35k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€404k€504k▲
Equity10/15€126k€167k▲
Contributions10/11€5k€5k=
Reserves13€121k€162k▲
Distributable reserves133€121k€162k▲
Amounts payable17/49€278k€338k▲
Amounts payable after more than one year17€250k€250k=
Financial debts170/4€250k€250k=
Amounts payable within one year42/48€28k€88k▲
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€22k€21k▼
Taxes450/3€22k€21k▼
Other amounts payable47/48-€50k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€20k▲
Other operating charges640/8€767€790▲
Gross operating margin9900€72k€91k▲
Operating profit (loss)9901€57k€71k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€55k€61k▲
Income taxes67/77€17k€21k▲
Profit (loss) for the period9904€38k€40k▲
Profit (loss) for the period to be appropriated9905€38k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€40k▲
Transfer to equity691/2€38k€40k▲
To other reserves6921€38k€40k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €14k | €20k | ▲ 39.2% |
| Other operating charges640/8 | €504 | €1k | €731 | €767 | €790 | ▲ 3.0% |
| Gross operating margin9900 | €41k | €40k | €18k | €72k | €91k | ▲ 26.5% |
| Operating profit (loss)9901 | €39k | €38k | €16k | €57k | €71k | ▲ 23.7% |
| Financial income75/76B | €842 | €1k | €880 | €1k | - | - |
| Recurring financial income75 | €842 | €1k | €880 | €1k | - | - |
| Financial charges65/66B | €50 | €66 | €50 | €3k | €9k | ▲ 191% |
| Recurring financial charges65 | €50 | €66 | €50 | €3k | €9k | ▲ 191% |
| Profit (loss) for the period before taxes9903 | €40k | €39k | €17k | €55k | €61k | ▲ 11.5% |
| Income taxes67/77 | €12k | €13k | €6k | €17k | €21k | ▲ 24.4% |
| Profit (loss) for the period9904 | €28k | €26k | €11k | €38k | €40k | ▲ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €28k | €26k | €11k | €38k | €40k | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €108k | €114k | €404k | €504k | ▲ 24.8% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €13k | €12k | €38k | €325k | €408k | ▲ 25.3% |
| Intangible fixed assets21 | - | - | - | €40k | €22k | ▼ 43.4% |
| Tangible fixed assets22/27 | €3k | €2k | €8k | €5k | €5k | ▼ 5.5% |
| Furniture and vehicles24 | €3k | €2k | €8k | €5k | €5k | ▼ 5.5% |
| Financial fixed assets28 | €10k | €10k | €30k | €280k | €380k | ▲ 35.7% |
| Current assets29/58 | €73k | €96k | €76k | €79k | €96k | ▲ 22.4% |
| Amounts receivable within one year40/41 | €49k | €61k | €20k | €19k | €40k | ▲ 104% |
| Trade receivables40 | €34k | €43k | €4k | €2k | €19k | ▲ 769% |
| Other amounts receivable41 | €15k | €17k | €16k | €17k | €20k | ▲ 18.5% |
| Current investments50/53 | - | €20k | €20k | €20k | €20k | = |
| Cash at bank and in hand54/58 | €24k | €13k | €33k | €37k | €35k | ▼ 5.2% |
| Deferred charges and accrued income490/1 | €881 | €2k | €3k | €2k | €2k | ▼ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €108k | €114k | €404k | €504k | ▲ 24.8% |
| Equity10/15 | €51k | €77k | €88k | €126k | €167k | ▲ 31.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €46k | €72k | €83k | €121k | €162k | ▲ 33.2% |
| Distributable reserves133 | €46k | €72k | €83k | €121k | €162k | ▲ 33.2% |
| Amounts payable17/49 | €36k | €31k | €26k | €278k | €338k | ▲ 21.5% |
| Amounts payable after more than one year17 | - | - | - | €250k | €250k | = |
| Financial debts170/4 | - | - | - | €250k | €250k | = |
| Amounts payable within one year42/48 | €36k | €31k | €26k | €28k | €88k | ▲ 215% |
| Trade debts44 | €10k | €2k | €7k | €5k | €16k | ▲ 200% |
| Suppliers440/4 | €10k | €2k | €7k | €5k | €16k | ▲ 200% |
| Taxes, remuneration and social security45 | €26k | €28k | €18k | €22k | €21k | ▼ 4.4% |
| Taxes450/3 | €26k | €28k | €18k | €22k | €21k | ▼ 4.4% |
| Other amounts payable47/48 | - | - | - | - | €50k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €26k | €11k | €38k | €40k | ▲ 5.8% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €14k | €20k | ▲ 39.2% |
| Operating cash flow (approximation) | €29k | €27k | €12k | €52k | €60k | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €0 | €-27k | €-302k | €-102k | ▲ 66.2% |
| Change in cash | - | €-11k | €20k | €4k | €-2k | ▼ 151% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €40k ▲5.8%
Operating result €71k, net result €40k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲31.9%
6 profitable years in a row build equity to €167k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €100kEq €126k ▲43.1%
5 profitable years in a row build equity to €126k.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet €11k ▼57.8%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
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, Oud-Heverlee · 1 establishment unit since 2020
Ground area
5,620 m²
Building footprint
280 m²
Volume, LiDAR
1,775 m³
Parcel 24110A0035/00Y000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VICHEAU
since 20202.304.021.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24110A0035/00Y000 | Flanders | 5,620 m² | 1 · 280 m² | 13.6 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 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,399 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
Founded12-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.