Vicinity Partners
ActiveSummary
The computed 12-month bankruptcy probability of Vicinity Partners is 2.8% (moderate). The 2024 annual accounts show equity of €443,625 and a net result of €32,829. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 1078 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.48 against 3.33 in 2023; short-term debt: 15.5% and cash: 2.1% of total assets), and 15.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 2024Solvency, return and age of the figures
Solvency
84.5%
Return on assets
6.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
2 d late
2022
79 d early
2021
39 d early
2020
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,829▲ 57.2%
2023 · €20,882
Working capital
€364,923▲ 14.7%
2023 · €318,238
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result-€464-€571,305€23,773▼ 95.8%€32,483▲ 36.6%€43,236▲ 33.1%
Net result-€991below the sector's middle half-€428,297above the sector's middle half€16,108within the sector's middle half▼ 96.2%€20,882within the sector's middle half▲ 29.6%€32,829within the sector's middle half▲ 57.2%
Equity€60,509below the sector's middle half-€388,806within the sector's middle half▲ 543%€389,914within the sector's middle half▲ 0.3%€410,796within the sector's middle half▲ 5.4%€443,625within the sector's middle half▲ 8.0%
Total assets€130,472below the sector's middle half-€846,389within the sector's middle half▲ 549%€627,315within the sector's middle half▼ 25.9%€547,527within the sector's middle half▼ 12.7%€525,084within the sector's middle half▼ 4.1%
Debt€69,963-€457,583▲ 554%€237,400▼ 48.1%€136,731▼ 42.4%€81,459▼ 40.4%
Working capital-€66,760below the sector's middle half-€264,669within the sector's middle half€280,239within the sector's middle half▲ 5.9%€318,238within the sector's middle half▲ 13.6%€364,923within the sector's middle half▲ 14.7%
Solvency46.4%within the sector's middle half-45.9%within the sector's middle half▼ 0.4pp62.2%within the sector's middle half▲ 16.2pp75.0%above the sector's middle half▲ 12.9pp84.5%above the sector's middle half▲ 9.5pp
Current ratio0.04below the sector's middle half-1.58within the sector's middle half▲ 1.532.18within the sector's middle half▲ 0.603.33above the sector's middle half▲ 1.155.48above the sector's middle half▲ 2.15
Return on assets (ROA)-0.8%below the sector's middle half-50.6%above the sector's middle half▲ 51.4pp2.6%within the sector's middle half▼ 48.0pp3.8%within the sector's middle half▲ 1.2pp6.3%within the sector's middle half▲ 2.4pp
Staff (FTE)2.3below the sector's middle half1.9below the sector's middle half▼ 17.4%1.2below the sector's middle half▼ 36.8%0.6below the sector's middle half▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -96% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €525,084
Fixed assets
€78,701 ▼ 15.0%
Current assets
€446,382 ▼ 1.9%
Equity and liabilities €525,084
Equity
€443,625 ▲ 8.0%
Debt
€81,459 ▼ 40.4%
Debt's share of the balance-sheet total falls from 25.0% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,093▲
2023 · €49,600
Cash flow
€46,685▲
2023 · €37,999
Debt to equity
0.18▼
2023 · 0.33
ROE
7.4%▲
2023 · 5.1%
Interest coverage
29.46▼
2023 · 54.49
Debt ≤ 1 year
€81,459▼
2023 · €136,731
Income taxes
€18,298▲
2023 · €13,066
Staff costs
€23,215▼
2023 · €91,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €204,811 | €168,615 | €91,149 | €23,215 | ▼ 74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34 | €16,134 | €16,826 | €17,117 | €13,857 | ▼ 19.0% |
| Other operating charges640/8 | - | €866 | €695 | €987 | - | - |
| Non-recurring operating charges66A | - | €1,099 | €10 | - | - | - |
| Gross operating margin9900 | €265 | €794,215 | €209,918 | €141,736 | €80,307 | ▼ 43.3% |
| Operating profit (loss)9901 | -€464 | €571,305 | €23,773 | €32,483 | €43,236 | ▲ 33.1% |
| Financial income75/76B | - | - | - | €2,375 | €9,828 | ▲ 314% |
| Recurring financial income75 | - | - | - | €2,375 | €9,828 | ▲ 314% |
| Financial charges65/66B | - | €300 | €570 | €910 | €1,938 | ▲ 113% |
| Recurring financial charges65 | €527 | €300 | €570 | €910 | €1,938 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | -€991 | €571,005 | €23,203 | €33,948 | €51,126 | ▲ 50.6% |
| Income taxes67/77 | - | €142,707 | €7,095 | €13,066 | €18,298 | ▲ 40.0% |
| Profit (loss) for the period9904 | -€991 | €428,297 | €16,108 | €20,882 | €32,829 | ▲ 57.2% |
| Profit (loss) for the period to be appropriated9905 | -€991 | €428,297 | €16,108 | €20,882 | €32,829 | ▲ 57.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,472 | €846,389 | €627,315 | €547,527 | €525,084 | ▼ 4.1% |
| Fixed assets21/28 | €127,333 | €124,202 | €109,675 | €92,558 | €78,701 | ▼ 15.0% |
| Intangible fixed assets21 | €62,833 | €50,942 | €38,198 | €25,455 | €12,711 | ▼ 50.1% |
| Tangible fixed assets22/27 | - | €8,539 | €6,756 | €2,382 | €1,269 | ▼ 46.7% |
| Furniture and vehicles24 | - | €8,539 | €6,756 | €2,382 | €1,269 | ▼ 46.7% |
| Financial fixed assets28 | €64,500 | €64,721 | €64,721 | €64,721 | €64,721 | = |
| Current assets29/58 | €3,139 | €722,187 | €517,640 | €454,969 | €446,382 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €1,708 | €1,407 | €265,103 | €84,715 | €283,530 | ▲ 235% |
| Trade receivables40 | - | €1,304 | €211,915 | €30,925 | €246,023 | ▲ 696% |
| Other amounts receivable41 | - | €103 | €53,188 | €53,791 | €37,507 | ▼ 30.3% |
| Current investments50/53 | - | - | - | €350,000 | €150,000 | ▼ 57.1% |
| Cash at bank and in hand54/58 | €1,432 | €719,953 | €248,510 | €18,121 | €11,197 | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | €828 | €4,026 | €2,133 | €1,655 | ▼ 22.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,472 | €846,389 | €627,315 | €547,527 | €525,084 | ▼ 4.1% |
| Equity10/15 | €60,509 | €388,806 | €389,914 | €410,796 | €443,625 | ▲ 8.0% |
| 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 | - | €153,850 | €153,850 | €153,850 | €153,850 | = |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Tax-exempt reserves132 | - | €147,350 | €147,350 | €147,350 | €147,350 | = |
| Profit (loss) carried forward14 | -€991 | €173,456 | €174,564 | €195,446 | €228,275 | ▲ 16.8% |
| Amounts payable17/49 | €69,963 | €457,583 | €237,400 | €136,731 | €81,459 | ▼ 40.4% |
| Amounts payable within one year42/48 | €69,899 | €457,519 | €237,400 | €136,731 | €81,459 | ▼ 40.4% |
| Trade debts44 | €69,899 | €104,870 | €48,632 | €79,852 | €65,294 | ▼ 18.2% |
| Suppliers440/4 | - | €104,870 | €48,632 | €79,852 | €65,294 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | €242,445 | €163,565 | €47,419 | €11,674 | ▼ 75.4% |
| Taxes450/3 | - | €206,034 | €133,343 | €47,075 | €11,674 | ▼ 75.2% |
| Remuneration and social security454/9 | - | €36,411 | €30,222 | €344 | - | - |
| Other amounts payable47/48 | - | €110,204 | €25,204 | €9,460 | €4,492 | ▼ 52.5% |
| Accrued charges and deferred income492/3 | - | €64 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€991 | €428,297 | €16,108 | €20,882 | €32,829 | ▲ 57.2% |
| + Depreciation and write-downs630 | €34 | €16,134 | €16,826 | €17,117 | €13,857 | ▼ 19.0% |
| Operating cash flow (approximation) | -€957 | €444,432 | €32,934 | €37,999 | €46,685 | ▲ 22.9% |
| Investment in fixed assets (approximation) | - | -€13,003 | -€2,299 | €0 | €0 | - |
| Change in cash | - | €718,521 | -€471,442 | -€230,390 | -€6,924 | ▲ 97.0% |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €428,297
Net result €428,297 after one loss-making year.
31-12
Financial
Liquidity times 35current ratio 1.58
Current ratio from 0.04 to 1.58.
31-12
Financial
Equity above €200,000Eq €388,806 ▲543%
Equity rises from €60,509 to €388,806.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
08-02
State Gazette act
General meeting · Name change
Purpose change · Capital
27-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
22-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Watermaal-Bosvoorde · 1 establishment unit since 2019
Ground area
111 m²
Building footprint
89 m²
Volume, LiDAR
871 m³
Parcel 21017D0191/00D002, Brussels · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Vicinity Partners
since 20192.289.497.334
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0191/00D002 | Brussels | 111 m² | 1 · 89 m² | 11.3 m · 3 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.
Structure & network
Owners and holdings
3 owners · 2 holdingsOwners 3
-
50%
-
32.5%
-
1.06%
Holdings 2
-
100%
-
0.01%
According to the 2024 annual accounts of Vicinity Partners and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ATLANTIC CERTIFICATES
Shared director
→
BELGIAN LAND
Shared director
→
DEGROOF PETERCAM CORPORATE FINANCE
Shared director
→
Koninklijke Vereniging der Historische en Tuinen van België
Shared director
→
Show 1 more companies with a shared director
ReKoDe (en liquidation)
Shared director
→
Similar companies · same sector, comparable size
VERIMMO
BE 0433.084.511
Wijnegem · Eq €445,902
Fork Architects
BE 0827.811.955
Diepenbeek · Eq €440,740
CREMO
BE 0460.107.424
Schelle · Eq €449,129
HERSSENS-SAQUET
BE 0437.994.095
Puurs-Sint-Amands · Eq €437,638
KLEVER IMMO
BE 0668.870.923
Herve · Eq €451,339
Of 1,279 companies in sector 81100 we hold annual accounts for 679. 468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724935240
Registered
17-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.