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VIGNEE PROPERTIES

Active
Private limited companyfounded 1990active for 36 yearsVeurnelaan(Kok) 66, 8670 Koksijde, BelgiumKBO/BCE: BE 0440.280.921

The file of VIGNEE PROPERTIES contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show equity of €1.2m and a net result of -€57,217. Equity remains stable across the filed financial years (±2.4% per year).

Financials · financial year 2025, micro format

Equity
€1.2m▼ 4.5%
2024 · €1.3m
Total assets
€1.4m▼ 21.7%
2024 · €1.8m
Net result
-€57,217
2024 · €230,155
Working capital
€33,412▼ 46.0%
2024 · €61,864
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result turns negative in 2025: a loss of €58,763 after €212,906 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.06m 2025 Net result-€0.06m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018202020212022202320242025
Operating result€1.3m-€0.09m--€0.08m-€0.04m▲ 57.4%€0.005m€0.2m▲ 4,272%-€0.06m
Net result€0.8m-€0.06m--€0.09m-€0.04m▲ 51.3%-€0.03m▲ 40.8%€0.2m-€0.06m
Equity€1.0m-€1.2m-€1.1m▼ 7.3%€1.1m▼ 3.8%€1.0m▼ 2.4%€1.3m▲ 22.3%€1.2m▼ 4.5%
Total assets€1.7m-€2.4m-€2.4m▲ 0.6%€2.5m▲ 2.1%€2.4m▼ 3.9%€1.8m▼ 24.4%€1.4m▼ 21.7%
Debt€0.3m-€0.9m-€1.0m▲ 12.9%€1.2m▲ 10.2%€1.1m▼ 5.1%€0.4m▼ 67.9%€0.03m▼ 91.9%
Working capital-€0.02m--€0.09m--€0.3m▼ 198%-€0.3m▼ 20.3%-€0.3m▼ 5.9%€0.06m€0.03m▼ 46.0%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €1.3m ▼ 2.7%
Current assets €61,974 ▼ 85.0%
Equity and liabilities €1.4m
Equity €1.2m ▼ 4.5%
Provisions €166,448 ▼ 4.7%
Debt €28,562 ▼ 91.9%
Debt's share of the balance-sheet total falls from 19.6% to 2.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€21,793▼
2024 · €249,876
Cash flow
-€20,247▼
2024 · €267,125
Current ratio
2.17▲
2024 · 1.18
Debt to equity
0.02▼
2024 · 0.28
ROE
-4.7%▼
2024 · 18.2%
ROA
-4.1%▼
2024 · 12.9%
Interest coverage
-2.54▼
2024 · 5.55
Debt ≤ 1 year
€28,562▼
2024 · €351,061
Income taxes
€929▼
2024 · €2,654
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

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 497,474 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% 1.8%
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 74.5% 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 8,617 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 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€1.4m▼
Fixed assets21/28€1.4m€1.3m▼
Tangible fixed assets22/27€1.4m€1.3m▼
Land and buildings22€1.1m€1.0m▼
Plant, machinery and equipment23€0.007m€0.006m▼
Furniture and vehicles24€0.3m€0.3m▼
Current assets29/58€0.4m€0.06m▼
Amounts receivable within one year40/41€0.4m€0.03m▼
Trade receivables40€0-
Other amounts receivable41€0.4m€0.03m▼
Cash at bank and in hand54/58€0€0.04m▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.4m▼
Equity10/15€1.3m€1.2m▼
Contributions10/11€0.3m€0.3m=
Reserves13€1.0m€0.9m▼
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.5m€0.5m▼
Distributable reserves133€0.5m€0.4m▼
Provisions and deferred taxes16€0.2m€0.2m▼
Deferred taxes168€0.2m€0.2m▼
Amounts payable17/49€0.4m€0.03m▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€0.4m€0.03m▼
Current portion of amounts payable after more than one year42€0.003m€0▼
Trade debts44€0.08m€0.03m▼
Suppliers440/4€0.08m€0.03m▼
Taxes, remuneration and social security45€0.2m€0.001m▼
Taxes450/3€0.2m€0.001m▼
Other amounts payable47/48€0.07m€0▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m=
Other operating charges640/8€0.02m€0.01m▼
Non-recurring operating charges66A€0.04m€0▼
Gross operating margin9900€0.3m-€0.009m▼
Operating profit (loss)9901€0.2m-€0.06m▼
Financial income75/76B€0€0.003m▲
Recurring financial income75€0€0.003m▲
Financial charges65/66B€0.05m€0.009m▼
Recurring financial charges65€0.05m€0.009m▼
Profit (loss) for the period before taxes9903€0.2m-€0.06m▼
Transfer from deferred taxes780€0.06m€0.008m▼
Income taxes67/77€0.003m€0.001m▼
Profit (loss) for the period9904€0.2m-€0.06m▼
Transfer from tax-exempt reserves789€0.2m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.4m-€0.03m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m-€0.03m▼
Transfer from equity791/2-€0.03m
Transfer to equity691/2€0.4m€0▼
To other reserves6921€0.4m€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018202020212022202320242025Change
Non-recurring operating income76A-€0------
Remuneration, social security and pensions62-€0.005m------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.2m€0.06m€0.07m€0.06m€0.04m€0.04m=
Other operating charges640/8-€0.05m-€0.01m€0.01m€0.02m€0.01m▼ 24.6%
Non-recurring operating charges66A-€330---€0.04m€0▼ 100%
Gross operating margin9900€1.4m€0.3m-€0.02m€0.05m€0.08m€0.3m-€0.009m-
Operating profit (loss)9901€1.3m€0.09m-€0.08m-€0.04m€0.005m€0.2m-€0.06m-
Financial income75/76B-€0.002m-€5€0€0€0.003m▲ 14,247,250%
Recurring financial income75€0.004m€0.002m€2€5€0€0€0.003m▲ 14,247,250%
Financial charges65/66B-€0.09m-€0.02m€0.02m€0.05m€0.009m▼ 80.9%
Recurring financial charges65€0.09m€0.09m€0.02m€0.02m€0.02m€0.05m€0.009m▼ 80.9%
Profit (loss) for the period before taxes9903€1.2m€0.004m-€0.1m-€0.06m-€0.02m€0.2m-€0.06m-
Transfer from deferred taxes780-€0.06m-€0.01m€0.01m€0.06m€0.008m▼ 87.4%
Transfer to deferred taxes680-€0------
Income taxes67/77€0.001m€0.001m€0.001m€0.001m€0.02m€0.003m€0.001m▼ 65.0%
Profit (loss) for the period9904€0.8m€0.06m-€0.09m-€0.04m-€0.03m€0.2m-€0.06m-
Transfer from tax-exempt reserves789-€0.2m-€0.04m€0.04m€0.2m€0.02m▼ 87.4%
Transfer to tax-exempt reserves689-€0------
Profit (loss) for the period to be appropriated9905-€0.1m€0.2m-€0.03m€0.002m€0.01m€0.4m-€0.03m-
Line2018202020212022202320242025Change
Assets
Total assets20/58€1.7m€2.4m€2.4m€2.5m€2.4m€1.8m€1.4m▼ 21.7%
Fixed assets21/28€1.6m€2.2m€2.4m€2.5m€2.4m€1.4m€1.3m▼ 2.7%
Tangible fixed assets22/27€1.6m€2.2m€2.4m€2.5m€2.4m€1.4m€1.3m▼ 2.7%
Land and buildings22-€1.8m-€2.1m€2.0m€1.1m€1.0m▼ 3.4%
Plant, machinery and equipment23-€0.01m-€0.01m€0.01m€0.007m€0.006m▼ 16.9%
Furniture and vehicles24-€0.3m-€0.3m€0.3m€0.3m€0.3m▼ 0.1%
Leasing and similar rights25-€0------
Financial fixed assets28€174€174€174€0----
Current assets29/58€0.1m€0.2m€0.01m€90€0.002m€0.4m€0.06m▼ 85.0%
Amounts receivable within one year40/41€0.1m€0.003m€0.01m€0€0.002m€0.4m€0.03m▼ 93.6%
Trade receivables40-€0--€0.002m€0--
Other amounts receivable41-€0.003m-€0-€0.4m€0.03m▼ 93.6%
Cash at bank and in hand54/58€0.001m€0.2m€440€90€90€0€0.04m-
Deferred charges and accrued income490/1-€0.001m-€0----
Equity and liabilities
Total equity and liabilities10/49€1.7m€2.4m€2.4m€2.5m€2.4m€1.8m€1.4m▼ 21.7%
Equity10/15€1.0m€1.2m€1.1m€1.1m€1.0m€1.3m€1.2m▼ 4.5%
Contributions10/11€0.2m€0.3m-€0.3m€0.3m€0.3m€0.3m=
Reserves13€1.0m€0.9m€0.8m€0.8m€0.8m€1.0m€0.9m▼ 5.7%
Non-distributable reserves130/1-€0.002m-€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311-€0.002m-€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132-€0.9m-€0.8m€0.7m€0.5m€0.5m▼ 4.7%
Distributable reserves133-€0.07m-€0.04m€0.05m€0.5m€0.4m▼ 6.8%
Profit (loss) carried forward14-€0.3m€0------
Provisions and deferred taxes16€0.4m€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m▼ 4.7%
Deferred taxes168-€0.3m-€0.3m€0.2m€0.2m€0.2m▼ 4.7%
Amounts payable17/49€0.3m€0.9m€1.0m€1.2m€1.1m€0.4m€0.03m▼ 91.9%
Amounts payable after more than one year17€0.2m€0.6m€0.8m€0.8m€0.8m€0--
Financial debts170/4-€0.6m-€0.8m€0.8m€0--
Amounts payable within one year42/48€0.1m€0.3m€0.3m€0.3m€0.3m€0.4m€0.03m▼ 91.9%
Current portion of amounts payable after more than one year42-€0.07m-€0.08m€0.08m€0.003m€0▼ 100%
Financial debts43-€7------
Credit institutions430/8-€7------
Trade debts44€0.08m€0.05m€0.05m€0.09m€0.1m€0.08m€0.03m▼ 63.6%
Suppliers440/4-€0.05m-€0.09m€0.1m€0.08m€0.03m▼ 63.6%
Taxes, remuneration and social security45-€0.001m-€0.005m€0.03m€0.2m€0.001m▼ 99.5%
Taxes450/3-€0.001m-€0.005m€0.03m€0.2m€0.001m▼ 99.5%
Other amounts payable47/48-€0.2m-€0.1m€0.1m€0.07m€0▼ 100%
Accrued charges and deferred income492/3-€0.006m-€0.007m€0.001m€0--
Line2018202020212022202320242025Change
Profit (loss) for the period9904€816,515€58,886-€86,908-€42,286-€25,017€230,155-€57,217-
+ Depreciation and write-downs630€50,714€166,457€61,144€71,121€64,608€36,970€36,970=
Operating cash flow (approximation)€867,229€225,343-€25,764€28,835€39,591€267,125-€20,247-
Investment in fixed assets (approximation)---€280,315-€131,826€34,371€951,027€0▼ 100%
Change in cash---€211,834-€350€0-€90€35,613-

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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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 02-02-2026 2026-00027680
30-09-2024 micro format 28-07-2025 2025-00339201
30-09-2023 micro format 05-06-2024 2024-00116352
30-09-2022 abbreviated format 05-01-2024 2024-00546665
30-09-2021 abbreviated format 17-12-2021 2021-80500583
30-09-2020 abbreviated format 22-02-2021 2021-05900030
31-12-2018 micro format 14-05-2019 2019-13400185
31-12-2017 micro format 26-09-2018 2018-65200394
31-12-2016 micro format 29-09-2017 2017-64900525
31-12-2015 full format 28-09-2016 2016-62300443

Show all 34 filings

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