VIGATHERM
ActiveThe computed 12-month bankruptcy probability of VIGATHERM is 4.3% (elevated). The 2024 annual accounts show equity of €47k and a net result of €-2k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-34
Solvency69▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.64 against 1.66 in 2023; short-term debt: 52.3% and cash: 54.7% of total assets), but 55.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.3%
Return on assets
-2%
Age of the figures
21 mo
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 02-07-2025, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
37 d early
2022
8 d late
2021
61 d late
2020
41 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€47k▼ 4.4%
2023 · €49k
2020: €30k
2021: €33k
2022: €27k
2023: €49k
2020 → 2024
Total assets
€105k▲ 0.4%
2023 · €105k
2020: €96k
2021: €153k
2022: €139k
2023: €105k
2020 → 2024
Net result
€-2k
2023 · €37k
2020: €25k
2021: €2k
2022: €-6k
2023: €37k
2020 → 2024
Working capital
€35k▲ 11.0%
2023 · €32k
2020: €12k
2021: €4k
2022: €482
2023: €32k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€33k▲ 7.7%€27k▼ 17.1%€49k▲ 81.2%€47k▼ 4.4%
Operating result€31k-€3k▼ 91.9%€-7k€47k€-2k
Net result€25k-€2k▼ 90.8%€-6k€37k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €47k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€15k▼ 40.6%
Current assets
€90k▲ 13.3%
Equity and liabilities €105k
Equity
€47k▼ 4.4%
Debt
€59k▲ 4.5%
The debt ratio rises from 53.5% to 55.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2023 · €62k
Cash flow
€8k▼
2023 · €51k
Solvency
44.3%▼
2023 · 46.5%
Current ratio
1.64▼
2023 · 1.66
Quick ratio
1.49▲
2023 · 1.35
Debt / equity
1.26▲
2023 · 1.15
ROE
-4.6%▼
2023 · 75.5%
ROA
-2.0%▼
2023 · 35.1%
Interest coverage
19.99▼
2023 · 103.51
Debt
€59k▲
2023 · €56k
Debt ≤ 1 year
€55k▲
2023 · €48k
Debt > 1 year
€4k▼
2023 · €8k
Income taxes
€-315▼
2023 · €11k
Staff costs
€8k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€105k€105k▲
Fixed assets21/28€25k€15k▼
Tangible fixed assets22/27€24k€14k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€19k€11k▼
Financial fixed assets28€1k€1k=
Current assets29/58€80k€90k▲
Stocks and contracts in progress3€15k€8k▼
Stocks30/36€15k€8k▼
Amounts receivable within one year40/41€32k€23k▼
Trade receivables40€25k€11k▼
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€32k€58k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€105k€105k▲
Equity10/15€49k€47k▼
Contributions10/11€5k€5k=
Reserves13€44k€44k=
Distributable reserves133€44k€44k=
Profit (loss) carried forward14-€-2k
Amounts payable17/49€56k€59k▲
Amounts payable after more than one year17€8k€4k▼
Financial debts170/4€8k€4k▼
Amounts payable within one year42/48€48k€55k▲
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€8k€28k▲
Suppliers440/4€8k€28k▲
Taxes, remuneration and social security45€16k€10k▼
Remuneration and social security454/9€16k€10k▼
Other amounts payable47/48€19k€13k▼
Income statement
Code20232024
Remuneration, social security and pensions62€22k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€441-
Other operating charges640/8€2k€4k▲
Gross operating margin9900€86k€21k▼
Operating profit (loss)9901€47k€-2k▼
Financial income75/76B€623€144▼
Recurring financial income75€623€144▼
Financial charges65/66B€597€402▼
Recurring financial charges65€597€402▼
Profit (loss) for the period before taxes9903€47k€-2k▼
Income taxes67/77€11k€-315▼
Profit (loss) for the period9904€37k€-2k▼
Profit (loss) for the period to be appropriated9905€37k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€-2k▼
Profit (loss) brought forward from the previous period14P€-6k-
Transfer to equity691/2€16k-
To other reserves6921€16k-
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet €-6k ▼340%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waterloo · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue des Petits Champs 131410 WaterlooGround area
1,078 m²
Building footprint
238 m²
Volume, LiDAR
1,258 m³
2 parcels, Flanders, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vigatherm
since 20202.300.272.252
Vigatherm
since 20212.312.318.068
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0135/00A000 | Wallonia | 651 m² | 1 · 157 m² | 7.0 m · 2 fl. |
| 23772C0290/00E004 | Flanders | 427 m² | 1 · 82 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AGC
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Lagua
BE 0780.623.831
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ALPHA DRAIN SOLUTIONS
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Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 2,950 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.vigatherm.be
E-mail:info@vigatherm.be