VICOV
ActiveSummary
The computed 12-month bankruptcy probability of VICOV is 1.7% (moderate). The 2025 annual accounts show equity of €68,391 and a net result of €11,889. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 18626 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+1
Solvency88▲+25
Growth77▼-2
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.67 against 1.59 in 2024; short-term debt: 36.7% and cash: 53.7% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
63.3%
Return on assets
11%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
8 d late
2023
2 d early
2022
6 d early
2021
4 d late
2020
2 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 4 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€880,922▼ 0.7%
2024 · €886,875
EBIT margin
1.7%▼ 0.2pp
2024 · 1.9%
Net result
€11,889▼ 14.1%
2024 · €13,841
Working capital
€66,141▲ 23.6%
2024 · €53,503
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Turnover€429,322▼ 6.7%€567,854▲ 32.3%€886,875€880,922▼ 0.7%
Operating result€7,093▼ 15.8%€17,201▲ 143%€23,694▲ 37.7%€16,877▼ 28.8%€15,155▼ 10.2%
Net result€6,404within the sector's middle half▼ 19.6%€13,554within the sector's middle half▲ 112%€16,255within the sector's middle half▲ 19.9%€13,841within the sector's middle half▼ 14.8%€11,889within the sector's middle half▼ 14.1%
EBIT margin1.7%▼ 0.2pp3.0%▲ 1.4pp1.9%1.7%▼ 0.2pp
Equity€51,793within the sector's middle half▲ 14.1%€65,347within the sector's middle half▲ 26.2%€81,602within the sector's middle half▲ 24.9%€56,503within the sector's middle half▼ 30.8%€68,391within the sector's middle half▲ 21.0%
Total assets€76,522within the sector's middle half▼ 2.2%€102,191within the sector's middle half▲ 33.5%€130,005within the sector's middle half▲ 27.2%€147,901within the sector's middle half▲ 13.8%€108,032within the sector's middle half▼ 27.0%
Debt€24,729▼ 24.7%€36,844▲ 49.0%€48,403▲ 31.4%€91,399▲ 88.8%€39,641▼ 56.6%
Working capital€51,793within the sector's middle half▲ 14.1%€65,347within the sector's middle half▲ 26.2%€81,602within the sector's middle half▲ 24.9%€53,503within the sector's middle half▼ 34.4%€66,141within the sector's middle half▲ 23.6%
Solvency67.7%above the sector's middle half▲ 9.7pp63.9%above the sector's middle half▼ 3.7pp62.8%above the sector's middle half▼ 1.2pp38.2%within the sector's middle half▼ 24.6pp63.3%within the sector's middle half▲ 25.1pp
Current ratio3.09above the sector's middle half▲ 0.712.77above the sector's middle half▼ 0.322.69within the sector's middle half▼ 0.091.59within the sector's middle half▼ 1.102.67within the sector's middle half▲ 1.08
Return on assets (ROA)8.4%within the sector's middle half▼ 1.8pp13.3%above the sector's middle half▲ 4.9pp12.5%above the sector's middle half▼ 0.8pp9.4%within the sector's middle half▼ 3.1pp11.0%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,032
Fixed assets
€2,250 ▼ 25.0%
Current assets
€105,782 ▼ 27.0%
Equity and liabilities €108,032
Equity
€68,391 ▲ 21.0%
Debt
€39,641 ▼ 56.6%
Debt's share of the balance-sheet total falls from 61.8% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,905▼
2024 · €17,627
Cash flow
€12,639▼
2024 · €14,591
Quick ratio
2.49▲
2024 · 1.50
Debt to equity
0.58▼
2024 · 1.62
ROE
17.4%▼
2024 · 24.5%
Interest coverage
61.35▲
2024 · 37.43
Debt ≤ 1 year
€39,641▼
2024 · €91,399
Income taxes
€3,008▼
2024 · €3,460
Staff costs
€72,073▲
2024 · €62,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €429,322 | €567,854 | - | €886,875 | €880,922 | ▼ 0.7% |
| Goods, raw materials, services and sundry goods60/61 | €395,445 | €486,354 | - | €814,130 | €802,518 | ▼ 1.4% |
| Remuneration, social security and pensions62 | €27,250 | €66,802 | €41,588 | €62,172 | €72,073 | ▲ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €750 | €750 | = |
| Other operating charges640/8 | €925 | €1,887 | €452 | €1,386 | €1,073 | ▼ 22.6% |
| Gross operating margin9900 | €35,269 | €85,890 | €65,734 | €81,185 | €89,051 | ▲ 9.7% |
| Operating profit (loss)9901 | €7,093 | €17,201 | €23,694 | €16,877 | €15,155 | ▼ 10.2% |
| Financial income75/76B | €1,157 | - | €1 | €896 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,157 | - | €1 | €896 | €0 | ▼ 100.0% |
| Financial charges65/66B | €245 | €259 | €3,376 | €471 | €259 | ▼ 44.9% |
| Recurring financial charges65 | €245 | €259 | €3,376 | €471 | €259 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €8,005 | €16,942 | €20,318 | €17,302 | €14,896 | ▼ 13.9% |
| Income taxes67/77 | €1,601 | €3,388 | €4,064 | €3,460 | €3,008 | ▼ 13.1% |
| Profit (loss) for the period9904 | €6,404 | €13,554 | €16,255 | €13,841 | €11,889 | ▼ 14.1% |
| Profit (loss) for the period to be appropriated9905 | €6,404 | €13,554 | €16,255 | €13,841 | €11,889 | ▼ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,522 | €102,191 | €130,005 | €147,901 | €108,032 | ▼ 27.0% |
| Fixed assets21/28 | - | - | - | €3,000 | €2,250 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | - | - | €3,000 | €2,250 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €3,000 | €2,250 | ▼ 25.0% |
| Current assets29/58 | €76,522 | €102,191 | €130,005 | €144,901 | €105,782 | ▼ 27.0% |
| Stocks and contracts in progress3 | €7,504 | €7,980 | €14,156 | €8,059 | €7,097 | ▼ 11.9% |
| Stocks30/36 | €7,504 | €7,980 | €14,156 | €8,059 | €7,097 | ▼ 11.9% |
| Amounts receivable within one year40/41 | €53,149 | €39,096 | €39,794 | €48,703 | €39,500 | ▼ 18.9% |
| Trade receivables40 | - | - | - | - | €3,700 | - |
| Other amounts receivable41 | €53,149 | €39,096 | €39,794 | €48,703 | €35,800 | ▼ 26.5% |
| Cash at bank and in hand54/58 | €15,219 | €55,003 | €75,572 | €87,282 | €57,968 | ▼ 33.6% |
| Deferred charges and accrued income490/1 | €650 | €112 | €482 | €857 | €1,217 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,522 | €102,191 | €130,005 | €147,901 | €108,032 | ▼ 27.0% |
| Equity10/15 | €51,793 | €65,347 | €81,602 | €56,503 | €68,391 | ▲ 21.0% |
| Contributions10/11 | €17,540 | €17,540 | €17,540 | €18,600 | €18,600 | = |
| Reserves13 | €970 | €970 | €970 | €970 | €970 | = |
| Non-distributable reserves130/1 | €394 | €394 | €394 | €394 | €394 | = |
| Reserves not available under the articles1311 | €394 | €394 | €394 | €394 | €394 | = |
| Distributable reserves133 | €576 | €576 | €576 | €576 | €576 | = |
| Profit (loss) carried forward14 | €33,283 | €46,837 | €63,092 | €36,933 | €48,822 | ▲ 32.2% |
| Amounts payable17/49 | €24,729 | €36,844 | €48,403 | €91,399 | €39,641 | ▼ 56.6% |
| Amounts payable within one year42/48 | €24,729 | €36,844 | €48,403 | €91,399 | €39,641 | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,008 | €2,008 | = |
| Trade debts44 | €16,164 | €13,146 | €16,503 | €10,093 | €13,923 | ▲ 37.9% |
| Suppliers440/4 | €16,164 | €13,146 | €16,503 | €10,093 | €13,923 | ▲ 37.9% |
| Taxes, remuneration and social security45 | €8,565 | €23,698 | €31,900 | €45,298 | €23,710 | ▼ 47.7% |
| Taxes450/3 | €6,185 | €16,718 | €23,845 | €27,086 | €18,642 | ▼ 31.2% |
| Remuneration and social security454/9 | €2,380 | €6,980 | €8,055 | €18,211 | €5,068 | ▼ 72.2% |
| Other amounts payable47/48 | - | - | - | €34,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,404 | €13,554 | €16,255 | €13,841 | €11,889 | ▼ 14.1% |
| + Depreciation and write-downs630 | - | - | - | €750 | €750 | = |
| Operating cash flow (approximation) | €6,404 | €13,554 | €16,255 | €14,591 | €12,639 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €39,784 | €20,569 | €11,710 | -€29,314 | ▼ 350% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16,255 ▲19.9%
Operating result €23,694, net result €16,255, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Anderlecht · 2 establishment units since 2014
Ground area
695 m²
Building footprint
843 m²
Volume, LiDAR
20,446 m³
2 parcels, Brussels · tallest building 33.0 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
VICOV
since 20142.229.958.536
VICOV 2
since 20242.355.924.221
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0338/00T009 | Brussels | 613 m² | 1 · 750 m² | 33.0 m · 9 fl. |
| 21305C0266/00G012 | Brussels | 82 m² | 1 · 93 m² | 16.8 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 3,224 companies in sector 47400 we hold annual accounts for 1,808. 1,457 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
Founded24-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550885170
Also
9925:BE0550885170
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.