VIGAN TECHNOLOGY
ActiveSummary
VIGAN TECHNOLOGY has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of -€46,489. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 370 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 | €14.9m | €15.9m | €23.2m | €28.8m | €28.5m | ▼ 1.2% |
| Turnover70 | €14.6m | €15.7m | €22.7m | €29.3m | €28.3m | ▼ 3.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €76,323 | €42,022 | €419,778 | -€573,980 | €110,670 | ▲ 119% |
| Other operating income74 | €185,079 | €162,237 | €42,126 | €112,818 | €27,578 | ▼ 75.6% |
| Non-recurring operating income76A | €14,501 | €9,115 | €12,591 | €13,988 | €15,089 | ▲ 7.9% |
| Operating charges60/66A | €13.8m | €14.6m | €21.3m | €26.3m | €28.0m | ▲ 6.4% |
| Goods for resale, raw materials and consumables60 | €9.2m | €9.8m | €15.2m | €19.5m | €20.7m | ▲ 6.1% |
| Purchases600/8 | €9.8m | €13.6m | €13.1m | €21.3m | €20.7m | ▼ 2.9% |
| Change in stocks: decrease (increase)609 | -€598,227 | -€3.8m | €2.1m | -€1.8m | - | - |
| Services and other goods61 | €1.3m | €1.5m | €2.3m | €2.5m | €2.7m | ▲ 5.5% |
| Remuneration, social security and pensions62 | €3.2m | €3.3m | €3.7m | €4.1m | €4.5m | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,663 | €81,884 | €94,512 | €113,716 | €81,998 | ▼ 27.9% |
| Other operating charges640/8 | €8,713 | €9,477 | €9,850 | €12,127 | €9,658 | ▼ 20.4% |
| Non-recurring operating charges66A | - | - | €635 | €3,211 | - | - |
| Operating profit (loss)9901 | €1.1m | €1.3m | €1.9m | €2.6m | €524,440 | ▼ 79.5% |
| Financial income75/76B | - | €4,387 | €17 | €57 | - | - |
| Recurring financial income75 | - | €4,387 | €17 | €57 | - | - |
| Other financial income752/9 | - | €4,387 | €17 | €57 | - | - |
| Financial charges65/66B | €181,574 | €244,512 | €619,564 | €749,831 | €541,298 | ▼ 27.8% |
| Recurring financial charges65 | €181,574 | €244,512 | €619,564 | €749,831 | €541,298 | ▼ 27.8% |
| Debt charges650 | €181,409 | €232,034 | €618,230 | €748,668 | €540,199 | ▼ 27.8% |
| Other financial charges652/9 | €165 | €12,478 | €1,333 | €1,163 | €1,099 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | €876,649 | €1.1m | €1.3m | €1.8m | -€16,857 | ▼ 101% |
| Income taxes67/77 | - | €146,113 | €349,524 | €526,524 | €29,632 | ▼ 94.4% |
| Taxes670/3 | - | €146,113 | €349,524 | €526,524 | €29,632 | ▼ 94.4% |
| Profit (loss) for the period9904 | €876,649 | €910,576 | €906,563 | €1.3m | -€46,489 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €876,649 | €910,576 | €906,563 | €1.3m | -€46,489 | ▼ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.9m | €18.9m | €24.0m | €29.0m | €18.4m | ▼ 36.6% |
| Fixed assets21/28 | €288,582 | €240,505 | €240,904 | €239,153 | €157,155 | ▼ 34.3% |
| Tangible fixed assets22/27 | €288,173 | €240,096 | €240,495 | €238,744 | €156,746 | ▼ 34.3% |
| Plant, machinery and equipment23 | €639 | - | €20,555 | €64,024 | €43,167 | ▼ 32.6% |
| Furniture and vehicles24 | €21,474 | €37,867 | €75,858 | €86,984 | €50,525 | ▼ 41.9% |
| Other tangible fixed assets26 | €266,060 | €202,229 | €144,082 | €87,736 | €63,054 | ▼ 28.1% |
| Financial fixed assets28 | €409 | €409 | €409 | €409 | €409 | = |
| Other financial fixed assets284/8 | €409 | €409 | €409 | €409 | €409 | = |
| Amounts receivable and cash guarantees285/8 | €409 | €409 | €409 | €409 | €409 | = |
| Current assets29/58 | €13.6m | €18.7m | €23.8m | €28.8m | €18.3m | ▼ 36.6% |
| Stocks and contracts in progress3 | €7.0m | €10.9m | €9.2m | €10.4m | €9.2m | ▼ 12.3% |
| Stocks30/36 | €7.0m | €10.9m | €9.2m | €10.4m | €9.2m | ▼ 12.3% |
| Raw materials and consumables30/31 | €6.4m | €10.2m | €8.1m | €9.9m | €8.5m | ▼ 14.1% |
| Work in progress32 | €672,200 | €714,222 | €1.1m | €560,020 | €670,690 | ▲ 19.8% |
| Amounts receivable within one year40/41 | €6.4m | €7.7m | €14.5m | €18.3m | €8.9m | ▼ 51.0% |
| Trade receivables40 | €6.1m | €7.3m | €14.0m | €17.5m | €8.5m | ▼ 51.6% |
| Other amounts receivable41 | €221,731 | €398,127 | €545,162 | €744,490 | €458,913 | ▼ 38.4% |
| Cash at bank and in hand54/58 | €157,418 | €53,284 | €11,658 | €38,819 | €38,487 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | €15,492 | €14,169 | €15,260 | €20,018 | €103,514 | ▲ 417% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.9m | €18.9m | €24.0m | €29.0m | €18.4m | ▼ 36.6% |
| Equity10/15 | €1.1m | €2.0m | €2.9m | €4.2m | €4.1m | ▼ 1.1% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €851,287 | €851,287 | €851,287 | €1.6m | €2.9m | ▲ 78.2% |
| Non-distributable reserves130/1 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Legal reserve130 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Distributable reserves133 | €727,287 | €727,287 | €727,287 | €1.5m | €2.8m | ▲ 84.6% |
| Profit (loss) carried forward14 | -€1.0m | -€120,036 | €786,527 | €1.3m | -€46,489 | ▼ 104% |
| Amounts payable17/49 | €12.8m | €16.9m | €21.1m | €24.9m | €14.3m | ▼ 42.5% |
| Amounts payable after more than one year17 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Financial debts170/4 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Other loans174 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Amounts payable within one year42/48 | €8.8m | €12.8m | €16.9m | €20.6m | €10.2m | ▼ 50.7% |
| Trade debts44 | €1.8m | €2.8m | €3.0m | €4.4m | €3.1m | ▼ 29.3% |
| Suppliers440/4 | €1.8m | €2.8m | €3.0m | €4.4m | €3.1m | ▼ 29.3% |
| Taxes, remuneration and social security45 | €446,777 | €562,647 | €771,126 | €1.2m | €1.1m | ▼ 7.8% |
| Taxes450/3 | €75,774 | €224,029 | €376,647 | €760,603 | €650,539 | ▼ 14.5% |
| Remuneration and social security454/9 | €371,003 | €338,618 | €394,480 | €437,691 | €453,759 | ▲ 3.7% |
| Other amounts payable47/48 | €6.5m | €9.5m | €13.2m | €15.0m | €5.9m | ▼ 60.4% |
| Accrued charges and deferred income492/3 | €63,837 | €78,068 | €184,770 | €269,954 | €145,061 | ▼ 46.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €876,649 | €910,576 | €906,563 | €1.3m | -€46,489 | ▼ 104% |
| + Depreciation and write-downs630 | €82,663 | €81,884 | €94,512 | €113,716 | €81,998 | ▼ 27.9% |
| Operating cash flow (approximation) | €959,312 | €992,461 | €1.0m | €1.4m | €35,509 | ▼ 97.5% |
| Investment in fixed assets (approximation) | - | -€33,808 | -€94,910 | -€111,965 | €0 | ▲ 100% |
| Change in cash | - | -€104,135 | -€41,625 | €27,161 | -€332 | ▼ 101% |
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 · Proposal20 facts ▸
- Merger, 10-08-2026
- Other statement, valeur réelle des deux sociétés, méthode d'évaluation du rapport d'échange
- Other statement, 0,01275, rapport d'échange
- Other statement, soulte en espèces, 0
- Other statement, nominatives, nature des nouvelles actions
- Other statement, 31-12-2025
- Proposal, interim accounts, décision unanime de tous les associés ou actionnaires et titulaires d'autres titres conférant le droit de vote de chacune des sociétés partici…
- Declaration, L'alinéa 1er, 5°, n'est pas applicable si tous les associés ou actionnaires et titulaires d'autres titres conférant le droit de vote de chacune des sociétés par…
- Declaration, special rights, pas d'actionnaires ayant des droits spéciaux, ni de titulaires de titres autres que les actions
- Declaration, special advantages, membres des organes d'administration ne bénéficient pas d'avantages particuliers
- Declaration, real estate transfer, actifs de la Société Absorbée ne comprennent aucun bien immobilier
- Proposal, fusion report, approbation unanime des assemblées générales
- +8 further facts in this act
14-08
State Gazette act
Reappointment: commissaire-réviseur (statutory auditor)Approval · Director discharge8 facts ▸
- General meeting, 29-04-2026
- Other statement, validité des délibérations, L'Assemblée peut valablement délibérer et statuer
- Other statement, ordre du jour
- Other statement, présentation des comptes, Le Président donne lecture du rapport de gestion à l'Assemblée générale, ainsi que des comptes annuels
- Approval, comptes annuels, unanimité
- Director discharge, administrateurs
- Director discharge, commissaire-réviseur
- Auditor reappointment, commissaire-réviseur
Show earlier events
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 2 have been read. The other 15 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 |
|---|---|
| commissaire-réviseur |
|
Articles of association
Full purpose (4 activities)
- Toutes les opérations se rapportant à l'achat, la vente, la fabrication, l'importation, l'exportation, la représentation, l'entretien, la réparation, la distribution, la transformation, la location de tout appareil, tout matériel métalliques, électriques ou hydrauliques, informatique, audio-visuels, tant pour son compte que pour compte de tous tiers
- Toutes les opérations relatives à la gestion de son propre patrimoine, tant immobilier que mobilier et financier, et notamment l'achat et la vente de tous biens mobiliers, et l'achat, la construction, la gestion, la location, la sous-location, l'échange et la vente de tous biens immobiliers
- 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
- 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
2 ownersChain of control
- VANDEWIELE GROUP
- VIGAN TECHNOLOGY
Highest known parent: VANDEWIELE GROUP. The sources do not say who stands above it.
Owners 2
-
99.9%
-
0.1%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
1%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of VIGAN TECHNOLOGY and those 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 transactionSimilar companies · same sector, comparable size
Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.