VICS
ActiveSummary
VICS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126k and a net result of €125k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+96
Solvency62▲+37
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 0.41 in 2023; short-term debt: 9% and cash: 2.6% of total assets), but 62.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €126k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
36 d early
2022
28 d early
2021
23 d early
2020
19 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€126k▲ 11,011%
2023 · €1k
Total assets
€337k▼ 18.9%
2023 · €415k
Net result
€125k
2023 · €-48k
Working capital
€76k
2023 · €-42k
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
Line20202021202220232024
Operating result€63k▲ 50.1%€41k▼ 34.9%€119k▲ 188%€-40k€167k
Net result€46k▲ 44.8%€26k▼ 44.1%€81k▲ 218%€-48k€125k
Equity€234k▲ 24.3%€260k▲ 10.9%€36k▼ 86.0%€1k▼ 96.9%€126k▲ 11,011%
Total assets€788k▼ 0.6%€780k▼ 1.1%€459k▼ 41.1%€415k▼ 9.5%€337k▼ 18.9%
Debt€554k▼ 8.4%€520k▼ 6.2%€423k▼ 18.6%€414k▼ 2.0%€211k▼ 49.2%
Working capital€73k▲ 5.9%€123k▲ 68.7%€-6k€-42k▼ 625%€76k
Staff (FTE)2▼ 20.0%2.3▲ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €167k after a loss of €40k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €337k
Fixed assets
€230k ▼ 40.3%
Current assets
€106k ▲ 257%
Equity and liabilities €337k
Equity
€126k ▲ 11,011%
Debt
€211k ▼ 49.2%
Debt's share of the balance-sheet total falls from 99.7% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190k▲
2023 · €-3k
Cash flow
€148k▲
2023 · €-10k
Current ratio
3.53▲
2023 · 0.41
Debt to equity
1.67
ROE
99.1%
ROA
37.1%▲
2023 · -11.4%
Interest coverage
29.14▲
2023 · -0.33
Debt ≤ 1 year
€30k▼
2023 · €72k
Debt > 1 year
€178k▼
2023 · €339k
Income taxes
€36k▲
2023 · €-357
Staff costs
€0▼
2023 · €739
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €66k | €0 | €208k | - |
| Remuneration, social security and pensions62 | - | €89k | €96k | €739 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €80k | €39k | €38k | €23k | ▼ 38.4% |
| Other operating charges640/8 | - | €5k | €5k | €4k | €33k | ▲ 754% |
| Non-recurring operating charges66A | - | - | €5k | €0 | - | - |
| Gross operating margin9900 | €231k | €215k | €264k | €2k | €223k | ▲ 10,889% |
| Operating profit (loss)9901 | €63k | €41k | €119k | €-40k | €167k | ▲ 514% |
| Financial income75/76B | - | €3k | €2k | €0 | €750 | ▲ 7,499,100% |
| Recurring financial income75 | €2k | €3k | €2k | €0 | €750 | ▲ 7,499,100% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €9k | €9k | €8k | €7k | ▼ 14.0% |
| Recurring financial charges65 | €9k | €9k | €9k | €8k | €7k | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €62k | €36k | €112k | €-48k | €161k | ▲ 436% |
| Income taxes67/77 | €16k | €10k | €31k | €-357 | €36k | ▲ 10,209% |
| Profit (loss) for the period9904 | €46k | €26k | €81k | €-48k | €125k | ▲ 363% |
| Profit (loss) for the period to be appropriated9905 | €46k | €26k | €81k | €-48k | €125k | ▲ 363% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €788k | €780k | €459k | €415k | €337k | ▼ 18.9% |
| Fixed assets21/28 | €620k | €555k | €421k | €386k | €230k | ▼ 40.3% |
| Intangible fixed assets21 | €100 | €100 | €0 | - | - | - |
| Tangible fixed assets22/27 | €620k | €555k | €421k | €386k | €230k | ▼ 40.3% |
| Land and buildings22 | - | €443k | €407k | €372k | €218k | ▼ 41.2% |
| Plant, machinery and equipment23 | - | €47k | €14k | €12k | €10k | ▼ 13.5% |
| Furniture and vehicles24 | - | €59k | €0 | €2k | €2k | ▼ 23.2% |
| Other tangible fixed assets26 | - | €5k | €0 | - | - | - |
| Current assets29/58 | €168k | €224k | €38k | €30k | €106k | ▲ 257% |
| Amounts receivable within one year40/41 | €34k | €8k | €11k | €4k | €2k | ▼ 54.9% |
| Trade receivables40 | - | €889 | €2k | €2k | €2k | = |
| Other amounts receivable41 | - | €8k | €9k | €2k | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €95k | - |
| Cash at bank and in hand54/58 | €130k | €215k | €27k | €21k | €9k | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | €1k | €0 | €5k | €901 | ▼ 81.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €788k | €780k | €459k | €415k | €337k | ▼ 18.9% |
| Equity10/15 | €234k | €260k | €36k | €1k | €126k | ▲ 11,011% |
| Contributions10/11 | - | €6k | €6k | €19k | €19k | = |
| Reserves13 | €228k | €253k | €36k | €30k | €108k | ▲ 258% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €252k | €34k | €30k | €108k | ▲ 258% |
| Profit (loss) carried forward14 | - | - | €-6k | €-48k | €0 | ▲ 100% |
| Amounts payable17/49 | €554k | €520k | €423k | €414k | €211k | ▼ 49.2% |
| Amounts payable after more than one year17 | €458k | €417k | €377k | €339k | €178k | ▼ 47.4% |
| Financial debts170/4 | - | €417k | €377k | €339k | €178k | ▼ 47.4% |
| Amounts payable within one year42/48 | €95k | €101k | €44k | €72k | €30k | ▼ 58.2% |
| Current portion of amounts payable after more than one year42 | - | €41k | €36k | €37k | €23k | ▼ 37.1% |
| Trade debts44 | €24k | €30k | €1k | €5k | €518 | ▼ 90.0% |
| Suppliers440/4 | - | €30k | €1k | €5k | €518 | ▼ 90.0% |
| Taxes, remuneration and social security45 | - | €15k | €6k | €171 | €6k | ▲ 3,677% |
| Taxes450/3 | - | €3k | €0 | €171 | €6k | ▲ 3,677% |
| Remuneration and social security454/9 | - | €12k | €6k | €0 | - | - |
| Other amounts payable47/48 | - | €15k | €0 | €30k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €3k | €2k | ▼ 30.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €26k | €81k | €-48k | €125k | ▲ 363% |
| + Depreciation and write-downs630 | €76k | €80k | €39k | €38k | €23k | ▼ 38.4% |
| Operating cash flow (approximation) | €122k | €105k | €120k | €-10k | €148k | ▲ 1,618% |
| Investment in fixed assets (approximation) | - | €-15k | €95k | €-2k | €132k | ▲ 5,475% |
| Change in cash | - | €85k | €-188k | €-6k | €-12k | ▼ 120% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €125k
Net result €125k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 3.53
Current ratio from 0.41 to 3.53; short-term debt falls from €72k to €30k.
31-12
Financial
Equity above €100kEq €126k ▲11,011%
Equity rises from €1k to €126k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €234k ▲24.3%
3 profitable years in a row build equity to €234k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Oudsbergen · 1 establishment unit since 2011
Ground area
1,607 m²
Building footprint
262 m²
Parcel 72036A0206/00L002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VICS
since 20112.204.602.439
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72036A0206/00L002 | Flanders | 1,607 m² | 1 · 262 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 449 EUR awarded · 449 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 449 EUR | 449 EUR |
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 3,966 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
Founded02-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.