Vicmar
ActiveVicmar has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €991k and a net result of €69k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-31
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 6.71 against 3.82 in 2024), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
86.9%
Return on assets
6.1%
Age of the figures
8 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
27 d early
2023
6 d early
2022
on the day
2021
16 d late
2020
10 d late
2019
24 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€69k▼ 48.4%
2024 · €134k
2018: €88k
2019: €80k
2020: €97k
2021: €107k
2022: €94k
2023: €185k
2024: €134k
2018 → 2025
Working capital
€854k▼ 2.3%
2024 · €874k
2018: €319k
2019: €417k
2020: €484k
2021: €553k
2022: €676k
2023: €790k
2024: €874k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€766k-€860k▲ 12.3%€961k▲ 11.7%€1.02M▲ 5.8%€991k▼ 2.5%
Operating result€150k-€135k▼ 10.1%€265k▲ 96.3%€189k▼ 28.7%€91k▼ 51.8%
Net result€107k-€94k▼ 12.1%€185k▲ 96.5%€134k▼ 27.7%€69k▼ 48.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€137k▼ 4.3%
Current assets
€1.00M▼ 15.2%
Equity and liabilities €1.14M
Equity
€991k▼ 2.5%
Debt
€149k▼ 51.7%
The debt ratio falls from 23.4% to 13.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€121k▼
2024 · €217k
Cash flow
€99k▼
2024 · €162k
Solvency
86.9%▲
2024 · 76.6%
Current ratio
6.71▲
2024 · 3.82
Quick ratio
6.58▲
2024 · 3.65
Debt / equity
0.15▼
2024 · 0.30
ROE
7.0%▼
2024 · 13.2%
ROA
6.1%▼
2024 · 10.1%
Interest coverage
396.39▲
2024 · 38.49
Debt
€149k▼
2024 · €310k
Debt ≤ 1 year
€149k▼
2024 · €310k
Income taxes
€34k▼
2024 · €57k
Staff costs
€188k▲
2024 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.33M€1.14M▼
Fixed assets21/28€143k€137k▼
Tangible fixed assets22/27€139k€133k▼
Land and buildings22€115k€103k▼
Plant, machinery and equipment23€9k€5k▼
Furniture and vehicles24€15k€25k▲
Leasing and similar rights25€440€146▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.18M€1.00M▼
Stocks and contracts in progress3€52k€20k▼
Stocks30/36€52k€20k▼
Amounts receivable within one year40/41€36k€29k▼
Trade receivables40€17k€19k▲
Other amounts receivable41€19k€10k▼
Current investments50/53€1.01M€746k▼
Cash at bank and in hand54/58€84k€198k▲
Deferred charges and accrued income490/1€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.14M▼
Equity10/15€1.02M€991k▼
Contributions10/11€30k€30k=
Reserves13€944k€918k▼
Tax-exempt reserves132€17k€17k=
Distributable reserves133€927k€900k▼
Profit (loss) carried forward14€43k€43k▲
Amounts payable17/49€310k€149k▼
Amounts payable within one year42/48€310k€149k▼
Trade debts44€149k€46k▼
Suppliers440/4€149k€46k▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3-€3k
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€158k€98k▼
Income statement
Code20242025
Remuneration, social security and pensions62€159k€188k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€30k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€384k€317k▼
Operating profit (loss)9901€189k€91k▼
Financial income75/76B€8k€12k▲
Recurring financial income75€8k€12k▲
Financial charges65/66B€6k€305▼
Recurring financial charges65€6k€305▼
Profit (loss) for the period before taxes9903€191k€103k▼
Income taxes67/77€57k€34k▼
Profit (loss) for the period9904€134k€69k▼
Profit (loss) for the period to be appropriated9905€134k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€112k▼
Profit (loss) brought forward from the previous period14P€42k€43k▲
Transfer from equity791/2€78k€95k▲
Transfer to equity691/2€134k€69k▼
To other reserves6921€134k€69k▼
Profit to be distributed694/7€78k€95k▲
Return on contributions (dividend)694€78k€95k▲
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €69k ▼48.4%
Net result drops to €69k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.02M ▲5.8%
7 profitable years in a row build equity to €1.02M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €185k ▲96.5%
Operating result €265k, net result €185k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-12
Financial
Equity above €500kEq €561k ▲16.5%
2 profitable years in a row build equity to €561k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ciney · 2 establishment units since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Indépendance 24A5590 CineyGround area
1.2 ha
Building footprint
585 m²
3 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue de l'Indépendance 24, 5590 Ciney
since 19882.040.445.379
VICMAR
since 20172.262.451.853
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91001C0088/00M000 | Wallonia | 1.0 ha | 1 · 393 m² | - |
| 91030B0251/00M000 | Wallonia | 1,177 m² | 1 · 97 m² | - |
| 91030B0251/00G000 | Wallonia | 1,127 m² | 1 · 95 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FRANK WILLEMSEN
BE 0463.292.091
Kalmthout · Eq €989k
FEMA
BE 0451.426.716
Bocholt · Eq €993k
MARC VANDEKERCKHOVE
BE 0837.326.863
Koekelare · Eq €995k
DE BACKER AFDICHTINGEN - KNOKKE
BE 0456.815.164
Knokke-Heist · Eq €987k
JEAN-JACQUES DURAND S.A.
BE 0423.928.404
Virton · Eq €986k
Of 8,481 companies in sector 43410 we hold annual accounts for 4,306. 2,028 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-1988
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
45220
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
45250
45310
45332
74700
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.vicmar.be
E-mail:info@vicmar.be