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VICOCRE

Active Private limited companyfounded 2025active for 1 yearAvelgemstraat 198, 8550 ZwevegemKBO/BCE: BE 1018.277.888

Overview

Lifetime

1 annual account with figures
peak €87,985 (2025)
€87,985 
peak €67,516 (2025)
€67,516 
peak €67,683 (2025)
€67,683 
€26,967 
Board1 name since 2025
Documentsfilings and deeds
19-06-202642 days before the deadline
2025micro format
Incorporation 08-01Dividend €8331 establishment registeredFirst year with figures

Key points

from the 2025 annual accounts

Turnover

≈ €180,000 estimated

The micro format states no turnover.

Checked score

96
Excellent
Financially stronger than 67% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 02-2026: 0.4% 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.1%▼ -0.4 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

97equity 71.5% of total assets
59short-term debt 28.5% · cash 16.4%
100return on assets 71.3%

Score breakdown

raises risk
Founded in 2025
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 3.41, cash €15,521
Equity €67,683 (71.5% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 68% of them on solvency, 50% on liquidity and 84% on profitability.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 11,279 companies had the same profile as VICOCRE has now. Each dot stands for 29 companies, two years later.

96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of VICOCRE itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for VICOCRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record

Liquidity is ample, with a current ratio of 3.41, above the usual 1.5. Short-term debt is 28.5% and cash 16.4% of total assets. 28.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 3.41, cash €15,521
NBB · annual accounts
lowers risk · Equity €67,683 (71.5% of total assets)
NBB · annual accounts
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 19-06-2026, 42 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
42 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Board and ownership

  • VANDEN BULCKE Laurens Michaël founderdeed of 08-01-2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1018277888
Incorporation Founding capital of €1,000, 1,000 shares · Founder: VANDEN BULCKE Laurens Michaël · Appointment: VANDEN BULCKE Laurens Michaël (director) · published on 08-01-2025 · Gazette deed
First establishment Avelgemstraat 198, Zwevegem
All 4 events

Comparable companies

same main activity, similar in size and age
Company
VICOCRE Zwevegem €94,650 €87,985 71.5% -
Invictus Solutions Wielsbeke €93,193 €90,863 75.1% -
KEMPINCK CONSULT Beernem €92,218 €82,283 60.4% -
ALDRINCO Tielt €91,302 €92,224 88.6% -
KOREKT Pittem €90,616 €81,788 60.1% -
DuoMaris Koksijde €110,823 €93,436 64.6% -
LOTUS-INVEST Wingene €103,775 €83,036 61.8% -

These companies have the same main activity as VICOCRE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €90,600 and €111,000, founded between 2024 and 2025.

Official details

Source: KBO
Status
Active since 06-01-2025Normal situation
Activity
Business and other management consultancyNACE 70200and 2 others
Establishment unit
2.368.513.2378550 Zwevegem, since 06-01-2025
Financial year end
31 December
Peppol
Reachable since 27-10-2025
Company details

Annual accounts 2025

€87,985
€67,516
€67,683
€94,650
Filing
Filed on 19-06-2026, 42 days before the end of the filing period
Financials

Insights on VICOCRE

VICOCRE has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,683 and a net result of €67,516.

Its solvency ranks better than 67% of 39,364 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 19-06-2026, 42 days before the deadline
€87,985
€87,473
€67,516
€64,945
71.5%
3.41

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €140,000 and €230,000.

Balance sheet

balance sheet total €94,650 on 31-12-2025
What the company ownsHow it is paid for

Position in the sector

71.5%

Higher than 67% of 39,364 companies in 2025.

3.41

Higher than 67% of 38,048 companies in 2025.

71.3%

Higher than 95% of 38,520 companies in 2025.

VICOCRE Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025
Balance sheet: assets
20/58 94,650
21/28 2,738
22/27 2,738
24 2,738
29/58 91,912
40/41 625
40 625
50/53 75,000
54/58 15,521
490/1 767
Balance sheet: equity and liabilities
10/49 94,650
10/15 67,683
10/11 1,000
13 66,683
133 66,683
14 0
17/49 26,967
42/48 26,967
44 1,203
440/4 1,203
45 24,922
450/3 22,422
454/9 2,500
47/48 842
Income statement
9900 87,985
630 340
640/8 171
9901 87,473
75/76B 87
75 87
65/66B 2,219
65 2,219
9903 85,341
67/77 17,825
9904 67,516
9905 67,516
Appropriation of the result
9906 67,516
691/2 66,683
6921 66,683
694/7 833
694 833
Document PDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 19-06-2026 2026-00175078 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025
87,813
67,856
3,077
64,945
71.5%
3.41
0.40
99.8%
71.3%
39.58

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2025
Tangible fixed assets€3,077
€340

Source: notes to the 2025 annual accounts (statement of fixed assets)

Insights on VICOCRE

Debt's share of the balance-sheet total is 28.5%.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 08-01-2025 term without a fixed end
listed in the 2025 annual accounts, filed on 19-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 08-01-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VANDEN BULCKE Laurens Michaël
Director (not named in the articles)
Board
Mandates as a list
  • VANDEN BULCKE Laurens Michaël
    • Director (not named in the articles), appointed by deed of 08-01-2025, still in office

See the board, name and registered office on a given date →

Control

This company
VICOCRE
Equity €67,683
Profit €67,516 in 2025

Capital

Contribution
€1,000
Shares
1,000
Contribution per share
€1
Equity per share
€67.68 in 2025
Source
deed of 08-01-2025

Articles of association

deed of 08-01-2025 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Alle handelingen stellen die nodig of nuttig zijn voor verwezenlijking voorwerp, behalve deze die wet of statuten aan algemene vergadering…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of April at 14:00

Founder

At incorporation deed of 08-01-2025 ↗

Network & group

No group

VICOCRE has no parent and no holdings in its annual accounts. VANDEN BULCKE Laurens Michaël is the only director.

Board mandates elsewhere

1 board mandate
Board mandates of VICOCREVICOCRE sits on their board1
Director
Founded in 2000 · 5.2 FTE (2025) · group Robur Capital

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

4 events since 2025
2026
Annual accounts 2025 filed NBBmicro format · 42 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018277888
IncorporationFounding capital of €1,000, 1,000 shares · Founder: VANDEN BULCKE Laurens Michaël · Appointment: VANDEN BULCKE Laurens Michaël (director) · published on 08-01-20254 points ▸

Open the deed in the Belgian Official Gazette

First establishment Avelgemstraat 198, Zwevegem

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

Company details

Identity

Enterprise number
1018.277.888
VAT number
BE 1018.277.888
Peppol ID
0208:1018277888
Other Peppol ID
9925:BE1018277888
Legal form
Private limited company
Status
Active, normal situation
Founded
06-01-2025
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of April at 14:00
deed of 08-01-2025 (in Dutch)
Peppol
Reachable since 27-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VICOCRE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2025 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Avelgemstraat 198, 8550 Zwevegem”
deed of 08-01-2025 (in Dutch)

Activities

NACEBEL 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“Elke dienstverlening op het gebied van management, het beheer en het bestuur van bedrijven, personen en vennootschappen. Het optreden als…”
14 activities
  1. Elke dienstverlening op het gebied van management, het beheer en het bestuur van bedrijven, personen en vennootschappen. Het optreden als bestuurder of vereffenaar in andere vennootschappen of verenigingen ongeacht hun voorwerp en activiteit, via de uitoefening van een mandaat of van een functie die op grond van een overeenkomst aan een zelfstandig manager kunnen worden uitbesteed.
  2. Het verlenen van diensten, consulting en adviezen aan derden van financiële, technische, commerciële of administratieve aard in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van organisatie, administratie, financiën, verkoop, productie, aanwerving, selectie en algemeen bestuur.
  3. Het inrichten, organiseren en geven van allerhande opleidingen, trainingen en coaching bij middel van alle mogelijke voordrachten, cursussen, seminaries, workshops en brainstormsessies.
  4. De aankoop, verkoop, import en export en handel in wijnen en aanverwanten.
  5. Het verwerven van participaties, in eender welke vorm, in alle bestaande of op te richten rechtspersonen of ondernemingen; het stimuleren, plannen en coördineren van de ontwikkeling van voormelde rechtspersonen of ondernemingen.
  6. Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten en technologieën en hun toepassingen; het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële vaste activa;
  7. De aan- en verkoop, evenals de in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen en diensten
  8. De deelname aan en organisatie van teambuildingsactiviteiten, manifestaties, tentoonstellingen, evenementen, beurzen, allerhande congressen en seminaries.
  9. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht), zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende en roerende goederen te bevorderen.
  10. Zich borg stellen voor het goede verloop van verbintenissen, door derde personen aangegaan, die het genot zouden hebben van voormelde roerende en onroerende goederen.
  11. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, uitgegeven door Belgische of buitenlandse emittenten.
  12. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, in eender welke vorm; het zich borg stellen of aval verlenen, in de meest ruime zin; alle handelsoperaties en financiële operaties verrichten, behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
  13. Het handelen als tussenpersoon in de handel, dit zowel voor eigen rekening, in consignatie als op commissie en dit zowel in België als in het buitenland.
  14. Het huren en verhuren en het ter beschikking stellen in gelijk welke vorm aan ondernemingen en verenigingen van materialen, materieel en van installaties.
deed of 08-01-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Avelgemstraat 198 registered office 8550 Zwevegem 06-01-2025 2.368.513.237

Buildings and parcels at the address

Ground area
502 m²
Buildings
290 m²
Volume, LiDAR
1,381 m³
Tallest building
11.3 m
Buildings to scale, each on its own parcel
290 m², 11.3 m 290 m², 11.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34042C0312/00T002502 m² 1 · 290 m² 11.3 m · 1