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VIGAN ENGINEERING

Active
Public limited companyfounded 196956 yrs activeRue de l'Industrie 16, 1400 Nivelles, BelgiumKBO/BCE: BE 0406.971.418
Summary

VIGAN ENGINEERING has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.4m and a net result of -€1.9m. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 682 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability10▼-51
Solvency34▼-3
Growth55▼-16
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.29 in 2024; short-term debt: 83.2% and cash: 6.2% of total assets), and 91% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 56 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
9%
Return on assets
-3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 682 sector peers (2025).
NBB · sector comparison
Position among 682 sector peers
Solvency
better than 9%
← weakest strongest →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 d early
2024
50 d early
2023
78 d early
2022
76 d early
2021
67 d early
2020
60 d early
2019
14 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 55 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 25 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 October 1969, VIGAN ENGINEERING was incorporated.1 Revenue went from EUR 27 million in 2018 to EUR 45 million in 2025 and headcount from 26.7 to 33.9 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€44.9m▲ 6.8%
2024 · €42.1m
EBIT margin
-4.7%▼ 8.8pp
2024 · 4.1%
Net result
-€1.9m
2024 · €1.7m
Working capital
€6.0m▼ 47.7%
2024 · €11.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€22.9m▲ 77.4%€26.7m▲ 16.7%€34.2m▲ 27.9%€42.1m▲ 23.1%€44.9m▲ 6.8%
Operating result€706,988€1.7m▲ 137%€917,983▼ 45.2%€1.7m▲ 88.6%-€2.1m
Net result€560,188above the sector's middle half€1.3mabove the sector's middle half▲ 133%€1.0mabove the sector's middle half▼ 20.8%€1.7mabove the sector's middle half▲ 63.0%-€1.9mbelow the sector's middle half
EBIT margin3.1%▲ 14.3pp6.3%▲ 3.2pp2.7%▼ 3.6pp4.1%▲ 1.4pp-4.7%▼ 8.8pp
Equity€2.3mwithin the sector's middle half▲ 31.5%€3.6mabove the sector's middle half▲ 55.8%€4.7mabove the sector's middle half▲ 28.4%€6.4mabove the sector's middle half▲ 36.0%€4.4mabove the sector's middle half▼ 30.3%
Total assets€22.3mabove the sector's middle half▲ 15.4%€26.2mabove the sector's middle half▲ 17.5%€36.2mabove the sector's middle half▲ 38.0%€51.5mabove the sector's middle half▲ 42.3%€49.4mabove the sector's middle half▼ 4.1%
Debt€19.7m▲ 13.3%€22.3m▲ 13.0%€31.2m▲ 39.7%€44.8m▲ 43.6%€44.6m▼ 0.4%
Working capital€6.2mabove the sector's middle half▼ 36.8%€8.2mabove the sector's middle half▲ 32.6%€7.9mabove the sector's middle half▼ 4.4%€11.5mabove the sector's middle half▲ 46.3%€6.0mabove the sector's middle half▼ 47.7%
Solvency10.5%below the sector's middle half▲ 1.3pp13.9%below the sector's middle half▲ 3.4pp12.9%below the sector's middle half▼ 1.0pp12.4%below the sector's middle half▼ 0.6pp9.0%below the sector's middle half▼ 3.4pp
Current ratio1.39within the sector's middle half▼ 0.661.46within the sector's middle half▲ 0.071.28within the sector's middle half▼ 0.181.29within the sector's middle half▲ 0.011.15below the sector's middle half▼ 0.14
Return on assets (ROA)2.5%within the sector's middle half▲ 9.7pp5.0%within the sector's middle half▲ 2.5pp2.9%within the sector's middle half▼ 2.1pp3.3%within the sector's middle half▲ 0.4pp-3.9%below the sector's middle half▼ 7.2pp
Staff (FTE)22.5within the sector's middle half▼ 3.4%25.8within the sector's middle half▲ 14.7%28.8within the sector's middle half▲ 11.6%32within the sector's middle half▲ 11.1%33.9within the sector's middle half▲ 5.9%
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€3.0m-€2.0m-€1.0m€0€1.0m€2.0mOperating result 2021: €706,988€706,988Net result 2021: €560,188€560,188Operating result 2022: €1.7m€1.7mNet result 2022: €1.3m€1.3mOperating result 2023: €917,983€917,983Net result 2023: €1.0m€1.0mOperating result 2024: €1.7m€1.7mNet result 2024: €1.7m€1.7mOperating result 2025: -€2.1m-€2.1mNet result 2025: -€1.9m-€1.9m20212022202320242025-€3m-€2m-€1m€0€1m€2mOperating result 2023: €917,983€918,000Net result 2023: €1.0m€1mOperating result 2024: €1.7m€1.7mNet result 2024: €1.7m€1.7mOperating result 2025: -€2.1m-€2.1mNet result 2025: -€1.9m-€1.9m202320242025
The operating result turns negative in 2025: a loss of €2.1m after €1.7m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49.4m
Fixed assets €2.3m ▲ 1,245%
Current assets €47.1m ▼ 8.2%
Equity and liabilities €49.4m
Equity €4.4m ▼ 30.3%
Provisions €356,073 ▼ 6.2%
Debt €44.6m ▼ 0.4%
Debt's share of the balance-sheet total rises from 86.9% to 90.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2.0m▼
2024 · €1.9m
Cash flow
-€1.8m▼
2024 · €1.8m
Debt to equity
10.05▲
2024 · 7.04
ROE
-43.4%▼
2024 · 26.5%
Interest coverage
-8.16▼
2024 · 11.10
Debt ≤ 1 year
€41.1m▲
2024 · €39.8m
Debt > 1 year
€1,183=
2024 · €1,183
Staff costs
€3.3m▲
2024 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.6% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% 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%.

The companies in ten equal groups, from lowest to 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% 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 1,104 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 76 lines
Balance sheet Code20242025
Assets
Total assets20/58€51.5m€49.4m▼
Fixed assets21/28€168,873€2.3m▲
Intangible fixed assets21-€2.1m
Tangible fixed assets22/27€168,683€162,067▼
Plant, machinery and equipment23€12,263€9,765▼
Furniture and vehicles24€143,116€152,302▲
Other tangible fixed assets26€13,304€0▼
Financial fixed assets28€191€191=
Other financial fixed assets284/8€191€191=
Amounts receivable and cash guarantees285/8€191€191=
Current assets29/58€51.4m€47.1m▼
Amounts receivable within one year40/41€49.6m€43.0m▼
Trade receivables40€22.3m€14.0m▼
Other amounts receivable41€27.3m€29.1m▲
Current investments50/53€3,520€3,520=
Other investments51/53€3,520€3,520=
Cash at bank and in hand54/58€458,162€3.1m▲
Deferred charges and accrued income490/1€1.3m€1.0m▼
Equity and liabilities
Total equity and liabilities10/49€51.5m€49.4m▼
Equity10/15€6.4m€4.4m▼
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Reserves13€3.7m€3.7m=
Non-distributable reserves130/1€100,000€100,000=
Legal reserve130€100,000€100,000=
Distributable reserves133€3.6m€3.6m=
Profit (loss) carried forward14€1.7m-€239,818▼
Provisions and deferred taxes16€379,614€356,073▼
Provisions for liabilities and charges160/5€379,614€356,073▼
Other liabilities and charges164/5€379,614€356,073▼
Amounts payable17/49€44.8m€44.6m▼
Amounts payable after more than one year17€1,183€1,183=
Financial debts170/4€1,183€1,183=
Unsubordinated bonds171€1,183€1,183=
Amounts payable within one year42/48€39.8m€41.1m▲
Trade debts44€31.0m€30.6m▼
Suppliers440/4€31.0m€30.6m▼
Advances received on contracts in progress46€7.4m€9.3m▲
Taxes, remuneration and social security45€1.4m€1.3m▼
Taxes450/3€992,858€803,860▼
Remuneration and social security454/9€441,580€447,526▲
Other amounts payable47/48-€3,133
Accrued charges and deferred income492/3€4.9m€3.5m▼
Income statement Code20242025
Operating income70/76A€42.1m€47.2m▲
Turnover70€42.1m€44.9m▲
Own construction capitalised72-€2.1m
Other operating income74€46,288€115,264▲
Non-recurring operating income76A€3,812€9,058▲
Operating charges60/66A€40.4m€49.3m▲
Goods for resale, raw materials and consumables60€32.7m€37.8m▲
Purchases600/8€32.7m€37.8m▲
Services and other goods61€4.4m€6.6m▲
Remuneration, social security and pensions62€3.1m€3.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€139,833€89,124▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.5m
Provisions for liabilities and charges: additions (uses and reversals)635/8€39,875-€23,541▼
Other operating charges640/8€8,093€4,673▼
Operating profit (loss)9901€1.7m-€2.1m▼
Financial income75/76B€816,349€423,691▼
Recurring financial income75€816,349€423,691▼
Income from current assets751€691,117€415,941▼
Other financial income752/9€125,233€7,750▼
Financial charges65/66B€168,508€246,859▲
Recurring financial charges65€168,508€246,859▲
Other financial charges652/9€168,508€246,859▲
Profit (loss) for the period before taxes9903€2.4m-€1.9m▼
Income taxes67/77€692,858-
Taxes670/3€692,858-
Profit (loss) for the period9904€1.7m-€1.9m▼
Profit (loss) for the period to be appropriated9905€1.7m-€1.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.7m-€239,818▼
Profit (loss) brought forward from the previous period14P€1.0m€1.7m▲
Transfer to equity691/2€1.0m-
To other reserves6921€1.0m-
Social balance
Average headcount (FTE)908732.033.9▲

The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€22.9m€26.8m€34.2m€42.1m€47.2m▲ 11.9%
Turnover70€22.9m€26.7m€34.2m€42.1m€44.9m▲ 6.8%
Own construction capitalised72----€2.1m-
Other operating income74€24,965€29,139€42,524€46,288€115,264▲ 149%
Non-recurring operating income76A€803€4,959€166€3,812€9,058▲ 138%
Operating charges60/66A€22.2m€25.1m€33.3m€40.4m€49.3m▲ 21.9%
Goods for resale, raw materials and consumables60€17.4m€19.2m€25.6m€32.7m€37.8m▲ 15.6%
Purchases600/8€17.4m€19.2m€25.6m€32.7m€37.8m▲ 15.6%
Services and other goods61€3.0m€3.7m€5.0m€4.4m€6.6m▲ 49.7%
Remuneration, social security and pensions62€1.7m€2.1m€2.5m€3.1m€3.3m▲ 6.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71,303€83,573€87,535€139,833€89,124▼ 36.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€1.5m-
Provisions for liabilities and charges: additions (uses and reversals)635/8€99,951€36,167€74,446€39,875-€23,541▼ 159%
Other operating charges640/8€4,417€5,257€9,673€8,093€4,673▼ 42.3%
Non-recurring operating charges66A--€129---
Operating profit (loss)9901€706,988€1.7m€917,983€1.7m-€2.1m▼ 221%
Financial income75/76B€18,238€65,118€739,003€816,349€423,691▼ 48.1%
Recurring financial income75€18,238€65,118€739,003€816,349€423,691▼ 48.1%
Income from current assets751-€49,267€734,283€691,117€415,941▼ 39.8%
Other financial income752/9€18,238€15,850€4,720€125,233€7,750▼ 93.8%
Financial charges65/66B€165,038€72,737€216,315€168,508€246,859▲ 46.5%
Recurring financial charges65€165,038€72,737€216,315€168,508€246,859▲ 46.5%
Other financial charges652/9€165,038€72,737€216,315€168,508€246,859▲ 46.5%
Profit (loss) for the period before taxes9903€560,188€1.7m€1.4m€2.4m-€1.9m▼ 181%
Income taxes67/77-€362,400€406,336€692,858--
Taxes670/3-€362,400€406,336€692,858--
Profit (loss) for the period9904€560,188€1.3m€1.0m€1.7m-€1.9m▼ 214%
Profit (loss) for the period to be appropriated9905€560,188€1.3m€1.0m€1.7m-€1.9m▼ 214%
Line20212022202320242025Change
Assets
Total assets20/58€22.3m€26.2m€36.2m€51.5m€49.4m▼ 4.1%
Fixed assets21/28€141,622€179,305€150,638€168,873€2.3m▲ 1,245%
Intangible fixed assets21----€2.1m-
Tangible fixed assets22/27€141,432€179,115€150,448€168,683€162,067▼ 3.9%
Plant, machinery and equipment23---€12,263€9,765▼ 20.4%
Furniture and vehicles24€74,766€130,236€119,356€143,116€152,302▲ 6.4%
Other tangible fixed assets26€66,665€48,878€31,091€13,304€0▼ 100%
Financial fixed assets28€191€191€191€191€191=
Other financial fixed assets284/8€191€191€191€191€191=
Amounts receivable and cash guarantees285/8€191€191€191€191€191=
Current assets29/58€22.2m€26.0m€36.1m€51.4m€47.1m▼ 8.2%
Amounts receivable within one year40/41€21.4m€23.0m€34.5m€49.6m€43.0m▼ 13.2%
Trade receivables40€10.0m€7.2m€11.4m€22.3m€14.0m▼ 37.3%
Other amounts receivable41€11.4m€15.8m€23.1m€27.3m€29.1m▲ 6.3%
Current investments50/53€3,520€3,520€3,520€3,520€3,520=
Other investments51/53€3,520€3,520€3,520€3,520€3,520=
Cash at bank and in hand54/58€743,704€2.8m€630,856€458,162€3.1m▲ 571%
Deferred charges and accrued income490/1€8,206€211,121€871,981€1.3m€1.0m▼ 20.9%
Equity and liabilities
Total equity and liabilities10/49€22.3m€26.2m€36.2m€51.5m€49.4m▼ 4.1%
Equity10/15€2.3m€3.6m€4.7m€6.4m€4.4m▼ 30.3%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10€1.0m€1.0m€1.0m€1.0m€1.0m=
Issued capital100€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€778,435€1.3m€2.6m€3.7m€3.7m=
Non-distributable reserves130/1€100,000€100,000€100,000€100,000€100,000=
Legal reserve130€100,000€100,000€100,000€100,000€100,000=
Distributable reserves133€678,435€1.2m€2.5m€3.6m€3.6m=
Profit (loss) carried forward14€560,188€1.3m€1.0m€1.7m-€239,818▼ 114%
Provisions and deferred taxes16€229,125€265,292€339,739€379,614€356,073▼ 6.2%
Provisions for liabilities and charges160/5€229,125€265,292€339,739€379,614€356,073▼ 6.2%
Other liabilities and charges164/5€229,125€265,292€339,739€379,614€356,073▼ 6.2%
Amounts payable17/49€19.7m€22.3m€31.2m€44.8m€44.6m▼ 0.4%
Amounts payable after more than one year17€1,183€1,183€1,183€1,183€1,183=
Financial debts170/4€1,183€1,183€1,183€1,183€1,183=
Unsubordinated bonds171€1,183€1,183€1,183€1,183€1,183=
Amounts payable within one year42/48€16.0m€17.8m€28.2m€39.8m€41.1m▲ 3.2%
Trade debts44€7.5m€8.6m€14.9m€31.0m€30.6m▼ 1.2%
Suppliers440/4€7.5m€8.6m€14.9m€31.0m€30.6m▼ 1.2%
Advances received on contracts in progress46€8.2m€8.4m€12.3m€7.4m€9.3m▲ 24.6%
Taxes, remuneration and social security45€308,498€786,510€1.0m€1.4m€1.3m▼ 12.8%
Taxes450/3€55,590€461,338€652,412€992,858€803,860▼ 19.0%
Remuneration and social security454/9€252,907€325,172€379,438€441,580€447,526▲ 1.3%
Other amounts payable47/48€82€224€169-€3,133-
Accrued charges and deferred income492/3€3.8m€4.5m€3.0m€4.9m€3.5m▼ 29.2%
Line20212022202320242025Change
Profit (loss) for the period9904€560,188€1.3m€1.0m€1.7m-€1.9m▼ 214%
+ Depreciation and write-downs630€71,303€83,573€87,535€139,833€89,124▼ 36.3%
Operating cash flow (approximation)€631,491€1.4m€1.1m€1.8m-€1.8m▼ 201%
Investment in fixed assets (approximation)--€121,256-€58,868-€158,068-€2.2m▼ 1,287%
Change in cash-€2.1m-€2.2m-€172,693€2.6m▲ 1,615%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
State Gazette act Restructuring
Appointment: Ernst et Young Reviseurs d'Entreprises (statutory auditor) · Merger · Proposal16 facts ▸
  • Merger, fusion par absorption, dissolution sans liquidation
  • Other statement, valeur réelle des deux sociétés, méthode d'évaluation du rapport d'échange
  • Other statement, 1.161,33/91.057,74 = 0,01275, rapport d'échange
  • Other statement, soulte en espèces, 0
  • Other statement, 31-12-2025
  • Proposal, non-préparation de comptes intermédiaires, décision de tous les associés ou actionnaires et titulaires d'autres titres conférant le droit de vote de chacune des…
  • Declaration, absence de droits spéciaux, aucun actionnaire de la Société Absorbée ayant des droits spéciaux, ni de titulaires de titres autres que les actions
  • Declaration, absence d'avantages particuliers, les membres des organes d'administration des sociétés concernées ne bénéficient pas d'avantages particuliers
  • Declaration, absence de biens immobiliers, les actifs de la Société Absorbée ne comprennent aucun bien immobilier, aucun droit réel ou bien immobilier ne sera transféré
  • Proposal, non-application de l'article 12:25, approbation à l'unanimité des assemblées générales
  • Proposal, non-application de l'article 12:26, approbation à l'unanimité des assemblées générales
  • Auditor appointment, Ernst et Young Reviseurs d'Entreprises (statutory auditor)
  • +4 further facts in this act
14-08
State Gazette act Resignations & appointments
Approval4 facts ▸
  • General meeting, 29-04-2026
  • Approval, approbation des comptes annuels, unanimity
  • Other statement, décharge aux administrateurs et au commissaire-réviseur, unanimity
  • Other statement, prolongation du mandat du commissaire-réviseur, issue de l'Assemblée Générale 2028
26-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€1.9m
Net result drops to -€1.9m, the lowest in the series.
11-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €1.7m ▲63%
Operating result €1.7m, net result €1.7m, both a record.
31-12
Financial Equity above €5mEq €6.4m ▲36%
4 profitable years in a row build equity to €6.4m.
14-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
16-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €560,188
Net result €560,188 after one loss-making year.
31-12
Financial Equity above €2mEq €2.3m ▲31.5%
Equity rises from €1.8m to €2.3m.
Show earlier events
01-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
14-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
04-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 13 acts read
About the unread acts

Of the 13 Belgian State Gazette acts we know for this company, 2 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 31-08-2026 · perm. rep.: Paul EELEN
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
2.4 ha
Building footprint
7,349 m²
Volume, LiDAR
71,561 m³
Parcel 25782C0589/00H000, Wallonia · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
VIGAN ENGINEERING
Rue de l'Industrie 16, 1400 NivellesManufacture of basic metals
since 19902.003.484.619
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782C0589/00H000 Wallonia 2.4 ha 1 · 7,348 m² 15.7 m · 3 fl.
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.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 31-08-2026 to date
See the board, name and seat on a given date →

Articles of association

Purpose
La société a pour objet l'entreprise, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec des tiers, des activités suivantes; Les…
Full purpose (7 activities)
  1. La société a pour objet l'entreprise, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec des tiers, des activités suivantes;
  2. Les recherches, études, assemblages, sous-traitances, ventes, achats, locations de toutes fabrications métalliques, électriques ou hydrauliques, tant pour son compte que pour compte de tout tiers.
  3. Elle peut, en outre, faire toutes opérations commerciales, industrielles, mobilières, immobilières ou financières se rattachant directement ou indirectement à son objet social.
  4. La société peut se porter caution pour tous tiers qu'elle désignera.
  5. La société peut s'intéresser par toutes voies de droit, par voie d'association, apport, fusion, absorption, souscription, participation, intervention financière ou autrement, dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise et à le lui favoriser.
  6. Elle peut, en outre, faire la gestion de son propre patrimoine et réaliser toutes opérations se rattachant directement ou indirectement à son objet social, que ce soit en matière commerciale, industrielle, mobilière, immobilière ou financière.
  7. La société peut s'intéresser par toutes voies de droit, par voie d'association, apport, fusion, absorption, souscription, participation, intervention financière ou autrement, dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise et à le lui faciliter.
Share issue rule
One provision in the deed
Other provisions
3 more provisions in the deed, see the deed of 31-08-2026

Structure & network

Part of the group VANDEWIELE GROUP 12 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. VANDEWIELE GROUP 100%
  2. VANDEWIELE 89.6%
  3. VIGAN ENGINEERING

Highest known parent: VANDEWIELE GROUP. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
BE 0440.622.696merger by absorption · proposal · State Gazette act of 31-08-2026 (2 acts) · effective 10-08-2026

Recognitions · licences · registrations

Legal Entity Identifier

6994002BMXJSRIF3TI40
live in the LEI register

Similar companies · same sector, comparable size

Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 690 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded01-10-1969
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID 0208:0406971418
Also 9925:BE0406971418
Registered 12-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.