VIGAN ENGINEERING
ActiveSummary
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
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
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)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
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.
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
31-08
State Gazette act
RestructuringAppointment: 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 & appointmentsApproval4 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
Show earlier events
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.
Directors · office · real estate
Statutory auditor 1
1 establishment unit
1 parcel
| 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
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Ernst et Young Reviseurs d'Entreprises |
|
Articles of association
Full purpose (7 activities)
- 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 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.
- Elle peut, en outre, faire toutes opérations commerciales, industrielles, mobilières, immobilières ou financières se rattachant directement ou indirectement à son objet social.
- La société peut se porter caution pour tous tiers qu'elle désignera.
- 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.
- 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.
- 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VANDEWIELE GROUP
- VANDEWIELE
- VIGAN ENGINEERING
Highest known parent: VANDEWIELE GROUP. The sources do not say who stands above it.
Owners 1
- VANDEWIELEparentSourceaccounts VANDEWIELE 202589.6%
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 transactionRecognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
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.