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VIGEMA

Active
Private limited companyfounded 20197 yrs activeGuyotdreef 17, 2930 Brasschaat, BelgiumKBO/BCE: BE 0717.853.052
Summary

VIGEMA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,050 and a net result of €40,581. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability96▲+17
Solvency43▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.01 in 2024; short-term debt: 33.1% and cash: 18.5% of total assets), and 81.7% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12819 sector peers (2025).
NBB · sector comparison
Position among 12819 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
64 d early
2024
18 d early
2023
19 d early
2022
19 d early
2021
on the day
2020
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 12 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 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 9 January 2019, VIGEMA was incorporated.1 Total assets went from EUR 333,064 in 2020 to EUR 186,396 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€34,050▲ 19.6%
2024 · €28,469
Total assets
€186,396▼ 9.1%
2024 · €205,145
Net result
€40,581▲ 140%
2024 · €16,905
Working capital
€5,516▲ 1,151%
2024 · €441
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Operating result€4,466▼ 90.1%€10,169▲ 128%€45,144▲ 344%€27,761▼ 38.5%€59,493▲ 114%
Net result-€1,140below the sector's middle half€4,494below the sector's middle half€34,774within the sector's middle half▲ 674%€16,905within the sector's middle half▼ 51.4%€40,581within the sector's middle half▲ 140%
Equity€47,296within the sector's middle half▼ 2.4%€51,790within the sector's middle half▲ 9.5%€41,564within the sector's middle half▼ 19.7%€28,469below the sector's middle half▼ 31.5%€34,050within the sector's middle half▲ 19.6%
Total assets€298,188within the sector's middle half▼ 10.5%€278,257within the sector's middle half▼ 6.7%€254,016within the sector's middle half▼ 8.7%€205,145within the sector's middle half▼ 19.2%€186,396within the sector's middle half▼ 9.1%
Debt€250,892▼ 11.9%€226,467▼ 9.7%€212,452▼ 6.2%€176,675▼ 16.8%€152,346▼ 13.8%
Working capital€18,224within the sector's middle half▲ 53.2%€18,635within the sector's middle half▲ 2.3%€11,602within the sector's middle half▼ 37.7%€441below the sector's middle half▼ 96.2%€5,516below the sector's middle half▲ 1,151%
Solvency15.9%below the sector's middle half▲ 1.3pp18.6%below the sector's middle half▲ 2.8pp16.4%below the sector's middle half▼ 2.2pp13.9%below the sector's middle half▼ 2.5pp18.3%below the sector's middle half▲ 4.4pp
Current ratio1.45within the sector's middle half▲ 0.191.41within the sector's middle half▼ 0.041.19below the sector's middle half▼ 0.221.01below the sector's middle half▼ 0.181.09below the sector's middle half▲ 0.08
Return on assets (ROA)-0.4%below the sector's middle half▼ 9.3pp1.6%below the sector's middle half▲ 2.0pp13.7%within the sector's middle half▲ 12.1pp8.2%within the sector's middle half▼ 5.4pp21.8%within the sector's middle half▲ 13.5pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: €4,466€4,466Net result 2021: -€1,140-€1,140Operating result 2022: €10,169€10,169Net result 2022: €4,494€4,494Operating result 2023: €45,144€45,144Net result 2023: €34,774€34,774Operating result 2024: €27,761€27,761Net result 2024: €16,905€16,905Operating result 2025: €59,493€59,493Net result 2025: €40,581€40,58120212022202320242025€0€20,000€40,000€60,000Operating result 2023: €45,144€45,100Net result 2023: €34,774€34,800Operating result 2024: €27,761€27,800Net result 2024: €16,905€16,900Operating result 2025: €59,493€59,500Net result 2025: €40,581€40,600202320242025
The operating result recovers in 2025; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,396
Fixed assets €119,228 ▼ 20.1%
Current assets €67,167 ▲ 20.1%
Equity and liabilities €186,396
Equity €34,050 ▲ 19.6%
Debt €152,346 ▼ 13.8%
Debt's share of the balance-sheet total falls from 86.1% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€91,464▲
2024 · €59,862
Cash flow
€72,552▲
2024 · €49,006
Debt to equity
4.47▼
2024 · 6.21
ROE
119.2%▲
2024 · 59.4%
Interest coverage
15.66▲
2024 · 11.88
Debt ≤ 1 year
€61,652▲
2024 · €55,504
Debt > 1 year
€90,694▼
2024 · €121,171
Income taxes
€13,885▲
2024 · €6,704
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€205,145€186,396▼
Fixed assets21/28€149,199€119,228▼
Intangible fixed assets21€135,000€105,000▼
Tangible fixed assets22/27€14,199€12,228▼
Plant, machinery and equipment23€545€460▼
Other tangible fixed assets26€13,654€11,768▼
Financial fixed assets28-€2,000
Current assets29/58€55,945€67,167▲
Amounts receivable within one year40/41€34,392€31,624▼
Trade receivables40€18,132€21,780▲
Other amounts receivable41€16,260€9,844▼
Cash at bank and in hand54/58€20,651€34,523▲
Deferred charges and accrued income490/1€902€1,021▲
Equity and liabilities
Total equity and liabilities10/49€205,145€186,396▼
Equity10/15€28,469€34,050▲
Contributions10/11€18,600€18,600=
Reserves13-€15,000
Distributable reserves133-€15,000
Profit (loss) carried forward14€9,869€450▼
Amounts payable17/49€176,675€152,346▼
Amounts payable after more than one year17€121,171€90,694▼
Financial debts170/4€121,171€90,694▼
Amounts payable within one year42/48€55,504€61,652▲
Current portion of amounts payable after more than one year42€30,167€30,477▲
Trade debts44€5,466€2,106▼
Suppliers440/4€5,466€2,106▼
Taxes, remuneration and social security45€19,872€29,069▲
Taxes450/3€19,872€29,069▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,101€31,971▼
Other operating charges640/8€803€1,249▲
Gross operating margin9900€60,665€92,713▲
Operating profit (loss)9901€27,761€59,493▲
Financial income75/76B€886€816▼
Recurring financial income75€886€816▼
Financial charges65/66B€5,038€5,842▲
Recurring financial charges65€5,038€5,842▲
Profit (loss) for the period before taxes9903€23,609€54,466▲
Income taxes67/77€6,704€13,885▲
Profit (loss) for the period9904€16,905€40,581▲
Profit (loss) for the period to be appropriated9905€16,905€40,581▲
Appropriation of the result
Profit (loss) to be appropriated9906€39,869€50,450▲
Profit (loss) brought forward from the previous period14P€22,964€9,869▼
Transfer to equity691/2-€15,000
To other reserves6921-€15,000
Profit to be distributed694/7€30,000€35,000▲
Return on contributions (dividend)694€30,000€35,000▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,574€38,343€31,846€32,101€31,971▼ 0.4%
Other operating charges640/8-€1,620€7,369€803€1,249▲ 55.5%
Gross operating margin9900€43,201€50,132€84,360€60,665€92,713▲ 52.8%
Operating profit (loss)9901€4,466€10,169€45,144€27,761€59,493▲ 114%
Financial income75/76B-€1,327€1,779€886€816▼ 7.9%
Recurring financial income75€10€1,327€1,779€886€816▼ 7.9%
Financial charges65/66B-€2,563€2,273€5,038€5,842▲ 16.0%
Recurring financial charges65€2,710€2,563€2,273€5,038€5,842▲ 16.0%
Profit (loss) for the period before taxes9903€1,766€8,933€44,650€23,609€54,466▲ 131%
Income taxes67/77€2,906€4,439€9,875€6,704€13,885▲ 107%
Profit (loss) for the period9904-€1,140€4,494€34,774€16,905€40,581▲ 140%
Profit (loss) for the period to be appropriated9905-€1,140€4,494€34,774€16,905€40,581▲ 140%
Line20212022202320242025Change
Assets
Total assets20/58€298,188€278,257€254,016€205,145€186,396▼ 9.1%
Fixed assets21/28€239,825€214,352€181,300€149,199€119,228▼ 20.1%
Intangible fixed assets21€225,000€195,000€165,000€135,000€105,000▼ 22.2%
Tangible fixed assets22/27€14,825€19,352€16,300€14,199€12,228▼ 13.9%
Plant, machinery and equipment23-€1,104€760€545€460▼ 15.6%
Furniture and vehicles24-€6,111----
Other tangible fixed assets26-€12,137€15,540€13,654€11,768▼ 13.8%
Financial fixed assets28----€2,000-
Current assets29/58€58,364€63,905€72,716€55,945€67,167▲ 20.1%
Amounts receivable within one year40/41€11,908€53,676€34,450€34,392€31,624▼ 8.0%
Trade receivables40-€15,125€18,132€18,132€21,780▲ 20.1%
Other amounts receivable41-€38,551€16,318€16,260€9,844▼ 39.5%
Cash at bank and in hand54/58€44,609€8,307€16,859€20,651€34,523▲ 67.2%
Deferred charges and accrued income490/1-€1,922€21,408€902€1,021▲ 13.2%
Equity and liabilities
Total equity and liabilities10/49€298,188€278,257€254,016€205,145€186,396▼ 9.1%
Equity10/15€47,296€51,790€41,564€28,469€34,050▲ 19.6%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13----€15,000-
Distributable reserves133----€15,000-
Profit (loss) carried forward14€28,696€33,190€22,964€9,869€450▼ 95.4%
Amounts payable17/49€250,892€226,467€212,452€176,675€152,346▼ 13.8%
Amounts payable after more than one year17€210,752€181,197€151,338€121,171€90,694▼ 25.2%
Financial debts170/4-€181,197€151,338€121,171€90,694▼ 25.2%
Amounts payable within one year42/48€40,140€45,270€61,114€55,504€61,652▲ 11.1%
Current portion of amounts payable after more than one year42-€29,555€29,859€30,167€30,477▲ 1.0%
Trade debts44€1,680€3,956€5,581€5,466€2,106▼ 61.5%
Suppliers440/4-€3,956€5,581€5,466€2,106▼ 61.5%
Taxes, remuneration and social security45-€11,758€25,674€19,872€29,069▲ 46.3%
Taxes450/3-€11,758€25,674€19,872€29,069▲ 46.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,140€4,494€34,774€16,905€40,581▲ 140%
+ Depreciation and write-downs630€37,574€38,343€31,846€32,101€31,971▼ 0.4%
Operating cash flow (approximation)€36,434€42,837€66,621€49,006€72,552▲ 48.0%
Investment in fixed assets (approximation)--€12,871€1,206€0-€2,000-
Change in cash--€36,302€8,552€3,792€13,872▲ 266%

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 31-01-2027
2025
28-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Highest result since 2020net €40,581 ▲140%
Operating result €59,493, net result €40,581, both a record.
13-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
12-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Back to profitnet €4,494
Net result €4,494 after one loss-making year.
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Weakest financial yearnet -€1,140
Net result drops to -€1,140, the lowest in the series; recovery starts the following year.
14-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Brasschaat · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,500 m²
Building footprint
188 m²
Volume, LiDAR
168 m³
Parcel 11008G0180/00M000, Flanders · tallest building 18.6 m. Linked by address, not a title deed.
1 establishment unit
VIGEMA
Guyotdreef 17, 2930 BrasschaatActivities of bailiffs
since 20192.284.406.418
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11008G0180/00M000 Flanders 1,500 m² 1 · 187 m² 18.6 m
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of VIGEMA 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.

Similar companies · same sector, comparable size

Of 1,019 companies in sector 69103 we hold annual accounts for 611. 353 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
Founded09-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID 0208:0717853052
Also 9925:BE0717853052
Registered 07-01-2026

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.