VICON
ActiveSummary
VICON has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €63k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 1526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+21
Solvency48▲+12
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.53 in 2024; short-term debt: 37.1% and cash: 3.6% of total assets), and 76.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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 2025Solvency, return and age of the figures
Solvency
23.3%
Return on assets
14.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €104k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
23 d late
2022
11 d early
2021
32 d early
2020
1 d early
2019
6 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
History
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 158%
2024 · €40k
Total assets
€444k▲ 22.3%
2024 · €363k
Net result
€63k▲ 285%
2024 · €16k
Working capital
€-66k▲ 22.2%
2024 · €-85k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11k€-12k€16k€32k▲ 105%€99k▲ 210%
Net result€5k€16k▲ 204%€5k▼ 68.0%€16k▲ 214%€63k▲ 285%
Equity€2k€18k▲ 764%€24k▲ 28.3%€40k▲ 69.3%€104k▲ 158%
Total assets€187k▲ 21.7%€447k▲ 139%€389k▼ 13.1%€363k▼ 6.6%€444k▲ 22.3%
Debt€185k▲ 17.8%€429k▲ 132%€365k▼ 14.9%€323k▼ 11.5%€341k▲ 5.4%
Working capital€-55k▼ 9.8%€-87k▼ 58.6%€-88k▼ 0.4%€-85k▲ 3.8%€-66k▲ 22.2%
Staff (FTE)1.2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 210% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444k
Fixed assets
€345k ▲ 29.7%
Current assets
€99k ▲ 1.8%
Equity and liabilities €444k
Equity
€104k ▲ 158%
Debt
€341k ▲ 5.4%
Debt's share of the balance-sheet total falls from 88.9% to 76.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158k▲
2024 · €77k
Cash flow
€122k▲
2024 · €61k
Current ratio
0.60▲
2024 · 0.53
Debt to equity
3.29▼
2024 · 8.04
ROE
61.2%▲
2024 · 40.9%
ROA
14.3%▲
2024 · 4.5%
Interest coverage
9.15▲
2024 · 5.00
Debt ≤ 1 year
€165k▼
2024 · €182k
Debt > 1 year
€176k▲
2024 · €141k
Income taxes
€19k▲
2024 · €205
Staff costs
€39k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €59k | - |
| Remuneration, social security and pensions62 | - | - | - | €36k | €39k | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €45k | €45k | €45k | €59k | ▲ 30.7% |
| Other operating charges640/8 | €5k | €6k | €8k | €7k | €20k | ▲ 175% |
| Non-recurring operating charges66A | €208 | €888 | €63 | €0 | - | - |
| Gross operating margin9900 | €50k | €41k | €68k | €120k | €217k | ▲ 80.5% |
| Operating profit (loss)9901 | €11k | €-12k | €16k | €32k | €99k | ▲ 210% |
| Financial income75/76B | €143 | €37k | €5k | €20 | €32 | ▲ 59.3% |
| Recurring financial income75 | €143 | €25 | €6 | €20 | €32 | ▲ 59.3% |
| Non-recurring financial income76B | - | €37k | €5k | - | - | - |
| Financial charges65/66B | €6k | €8k | €15k | €15k | €17k | ▲ 12.3% |
| Recurring financial charges65 | €6k | €8k | €15k | €15k | €17k | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €6k | €17k | €5k | €17k | €82k | ▲ 393% |
| Income taxes67/77 | €277 | €297 | €232 | €205 | €19k | ▲ 9,052% |
| Profit (loss) for the period9904 | €5k | €16k | €5k | €16k | €63k | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | €5k | €16k | €5k | €16k | €63k | ▲ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187k | €447k | €389k | €363k | €444k | ▲ 22.3% |
| Fixed assets21/28 | €119k | €352k | €306k | €266k | €345k | ▲ 29.7% |
| Tangible fixed assets22/27 | €117k | €350k | €306k | €266k | €345k | ▲ 29.8% |
| Plant, machinery and equipment23 | €7k | €4k | €3k | €4k | €5k | ▲ 34.2% |
| Furniture and vehicles24 | €18k | €4k | €2k | €3k | €20k | ▲ 604% |
| Leasing and similar rights25 | €92k | €342k | €301k | €259k | €320k | ▲ 23.5% |
| Financial fixed assets28 | €2k | €2k | €405 | €405 | €405 | = |
| Current assets29/58 | €68k | €95k | €83k | €97k | €99k | ▲ 1.8% |
| Amounts receivable within one year40/41 | €63k | €82k | €73k | €88k | €75k | ▼ 15.2% |
| Trade receivables40 | €63k | €80k | €72k | €88k | €75k | ▼ 14.3% |
| Other amounts receivable41 | €576 | €2k | €920 | €920 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €533 | €2k | €3k | €943 | €16k | ▲ 1,598% |
| Deferred charges and accrued income490/1 | €5k | €11k | €7k | €8k | €8k | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187k | €447k | €389k | €363k | €444k | ▲ 22.3% |
| Equity10/15 | €2k | €18k | €24k | €40k | €104k | ▲ 158% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-6k | €10k | €16k | €32k | €95k | ▲ 197% |
| Amounts payable17/49 | €185k | €429k | €365k | €323k | €341k | ▲ 5.4% |
| Amounts payable after more than one year17 | €62k | €246k | €194k | €141k | €176k | ▲ 24.5% |
| Financial debts170/4 | €62k | €246k | €194k | €141k | €176k | ▲ 24.5% |
| Amounts payable within one year42/48 | €124k | €183k | €171k | €182k | €165k | ▼ 9.4% |
| Current portion of amounts payable after more than one year42 | €21k | €56k | €52k | €53k | €68k | ▲ 28.3% |
| Financial debts43 | €15k | €9k | €30k | €33k | €0 | ▼ 100% |
| Credit institutions430/8 | €15k | €9k | €30k | €33k | €0 | ▼ 100% |
| Trade debts44 | €79k | €106k | €75k | €81k | €60k | ▼ 25.9% |
| Suppliers440/4 | €79k | €106k | €75k | €81k | €60k | ▼ 25.9% |
| Taxes, remuneration and social security45 | €5k | €9k | €12k | €10k | €31k | ▲ 213% |
| Taxes450/3 | €4k | €2k | €6k | €7k | €28k | ▲ 296% |
| Remuneration and social security454/9 | €2k | €8k | €6k | €3k | €3k | ▲ 12.9% |
| Other amounts payable47/48 | €3k | €2k | €2k | €4k | €5k | ▲ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €16k | €5k | €16k | €63k | ▲ 285% |
| + Depreciation and write-downs630 | €34k | €45k | €45k | €45k | €59k | ▲ 30.7% |
| Operating cash flow (approximation) | €39k | €62k | €50k | €61k | €122k | ▲ 98.9% |
| Investment in fixed assets (approximation) | - | €-279k | €1k | €-5k | €-138k | ▼ 2,564% |
| Change in cash | - | €2k | €604 | €-2k | €15k | ▲ 885% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €63k ▲285%
Operating result €99k, net result €63k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲158%
5 profitable years in a row build equity to €104k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 2 establishment units since 2015
Ground area
2,515 m²
Building footprint
818 m²
Volume, LiDAR
3,334 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VICON
since 20152.246.583.841
VICON
since 20212.374.587.021
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0008/00L000 | Flanders | 1,967 m² | 1 · 729 m² | 7.0 m · 1 fl. |
| 44412B0162/00S005 | Flanders | 548 m² | 1 · 89 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,980 EUR awarded · 3,980 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 555 EUR | 555 EUR |
| 2023 | 1 | 425 EUR | 425 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 120 companies in sector 77394 we hold annual accounts for 79. 53 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
Founded02-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
77394Rental and leasing activities
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.