VIGORENA
ActiveVIGORENA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €869k and a net result of €-84k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 76% of 1729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-90
Solvency94▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.66 in 2024; short-term debt: 15% and cash: 6.5% of total assets), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
-6.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
6 d late
2023
on the day
2022
32 d late
2021
1 d early
2020
32 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€869k▼ 8.8%
2024 · €953k
2018: €396k
2019: €402k
2020: €406k
2021: €410k
2022: €397k
2023: €403k
2024: €953k
2018 → 2025
Total assets
€1.27M▼ 4.0%
2024 · €1.32M
2018: €506k
2019: €497k
2020: €482k
2021: €506k
2022: €553k
2023: €535k
2024: €1.32M
2018 → 2025
Net result
€-84k
2024 · €551k
2018: €4k
2019: €6k
2020: €4k
2021: €4k
2022: €-14k
2023: €6k
2024: €551k
2018 → 2025
Working capital
€214k▼ 12.3%
2024 · €244k
2018: €235k
2019: €250k
2020: €299k
2021: €301k
2022: €294k
2023: €247k
2024: €244k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€397k▼ 3.3%€403k▲ 1.5%€953k▲ 137%€869k▼ 8.8%
Operating result€8k-€-12k€10k€739k▲ 7,503%€-56k
Net result€4k-€-14k€6k€551k▲ 9,339%€-84k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €56k after €739k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€864k▼ 7.0%
Current assets
€404k▲ 3.2%
Equity and liabilities €1.27M
Equity
€869k▼ 8.8%
Provisions
€185k▼ 1.2%
Debt
€215k▲ 18.8%
The debt ratio rises from 13.7% to 16.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2024 · €820k
Cash flow
€-44k▼
2024 · €632k
Solvency
68.5%▼
2024 · 72.2%
Current ratio
2.13▼
2024 · 2.66
Quick ratio
2.03▼
2024 · 2.56
Debt / equity
0.25▲
2024 · 0.19
ROE
-9.7%▼
2024 · 57.8%
ROA
-6.6%▼
2024 · 41.7%
Interest coverage
-4.79▼
2024 · 70.76
Debt
€215k▲
2024 · €181k
Debt ≤ 1 year
€190k▲
2024 · €147k
Debt > 1 year
€24k▼
2024 · €33k
Staff costs
€13k▲
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.32M€1.27M▼
Fixed assets21/28€929k€864k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€925k€861k▼
Land and buildings22€842k€821k▼
Plant, machinery and equipment23€38k€6k▼
Furniture and vehicles24€45k€34k▼
Financial fixed assets28€588€588=
Current assets29/58€392k€404k▲
Stocks and contracts in progress3€15k€19k▲
Stocks30/36€15k€19k▲
Amounts receivable within one year40/41€231k€304k▲
Trade receivables40€120k€201k▲
Other amounts receivable41€111k€103k▼
Cash at bank and in hand54/58€129k€82k▼
Deferred charges and accrued income490/1€16k-
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.27M▼
Equity10/15€953k€869k▼
Contributions10/11€142k€142k=
Capital10€142k€142k=
Issued capital100€142k€142k=
Reserves13€855k€848k▼
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Tax-exempt reserves132€614k€607k▼
Distributable reserves133€227k€227k=
Profit (loss) carried forward14€-44k€-121k▼
Provisions and deferred taxes16€187k€185k▼
Deferred taxes168€187k€185k▼
Amounts payable17/49€181k€215k▲
Amounts payable after more than one year17€33k€24k▼
Financial debts170/4€33k€24k▼
Amounts payable within one year42/48€147k€190k▲
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€138k€180k▲
Suppliers440/4€138k€180k▲
Taxes, remuneration and social security45€930-
Taxes450/3€147-
Remuneration and social security454/9€783-
Other amounts payable47/48€7€720▲
Accrued charges and deferred income492/3€864€864=
Income statement
Code20242025
Non-recurring operating income76A€756k-
Remuneration, social security and pensions62€11k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€40k▼
Other operating charges640/8€3k€7k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€835k€6k▼
Operating profit (loss)9901€739k€-56k▼
Financial income75/76B€10k€2k▼
Recurring financial income75€10k€2k▼
Financial charges65/66B€12k€33k▲
Recurring financial charges65€12k€3k▼
Non-recurring financial charges66B-€29k
Profit (loss) for the period before taxes9903€737k€-86k▼
Transfer from deferred taxes780€2k€2k▲
Transfer to deferred taxes680€189k-
Profit (loss) for the period9904€551k€-84k▼
Transfer from tax-exempt reserves789€7k€7k▲
Transfer to tax-exempt reserves689€567k-
Profit (loss) for the period to be appropriated9905€-10k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-121k▼
Profit (loss) brought forward from the previous period14P€-34k€-44k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
30-09
Financial
Weakest financial yearnet €-84k ▼115%
Net result drops to €-84k, the lowest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
30-09
Financial
Highest result since 2018net €551k ▲9339%
Operating result €739k, net result €551k, both a record.
30-09
Financial
Equity above €500kEq €953k ▲137%
2 profitable years in a row build equity to €953k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity quadruplescurrent ratio 14.91
Current ratio from 3.96 to 14.91; short-term debt falls from €85k to €21k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Pajottegem · 1 establishment unit since 1990
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.
Lindestraat(HN) 32E1540 PajottegemGround area
3,264 m²
Building footprint
271 m²
Volume, LiDAR
1,526 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VIGORENA
since 19902.048.000.095
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032I0239/00T000 | Flanders | 2,856 m² | 1 · 142 m² | 8.6 m · 2 fl. |
| 23032I0237/00L000 | Flanders | 408 m² | 1 · 129 m² | 7.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePajottegem2.048.000.095
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Vanrolleghem
BE 0442.947.827
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HOEVE HOOGBOSCHVELD
BE 0881.342.691
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BOURMANNE - SIMONS
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Of 20,593 companies in sector 01500 we hold annual accounts for 1,149. 812 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1989
Fiscal year end30-09
Activities, NACEBEL
01500Mixed farming
46610Wholesale trade
10910Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 36 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.