Vigotec
ActiveSummary
Vigotec has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€371,292. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 37% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-63
Solvency58▼-7
Growth45▼-10
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.56 in 2024; short-term debt: 46.1% and cash: 0.1% of total assets), but 66.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.5%
Return on assets
-8.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
6 d late
2023
30 d late
2022
6 d early
2021
30 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€5.2m▼ 32.6%
2020 · €7.7m
EBIT margin
-5.9%▼ 3.8pp
2020 · -2.0%
Net result
-€371,292
2024 · €229,376
Working capital
€1.0m▼ 10.0%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€5.2m
Operating result€102,297-€35,334-€905,163▼ 2,462%€302,119-€303,916
Net result€74,569within the sector's middle half-€52,893below the sector's middle half-€963,008below the sector's middle half▼ 1,721%€229,376above the sector's middle half-€371,292below the sector's middle half
EBIT margin-5.9%
Equity€2.6mabove the sector's middle half▲ 2.9%€2.5mabove the sector's middle half▼ 2.0%€1.6mabove the sector's middle half▼ 37.8%€1.8mabove the sector's middle half▲ 14.5%€1.4mwithin the sector's middle half▼ 20.4%
Total assets€4.3mabove the sector's middle half▼ 3.5%€4.6mabove the sector's middle half▲ 8.5%€3.9mabove the sector's middle half▼ 16.0%€4.6mabove the sector's middle half▲ 17.8%€4.3mwithin the sector's middle half▼ 5.5%
Debt€1.6m▼ 11.9%€2.0m▲ 25.4%€2.3m▲ 11.0%€2.7m▲ 20.2%€2.8m▲ 4.4%
Working capital€1.5mabove the sector's middle half▲ 5.6%€1.3mabove the sector's middle half▼ 10.6%€511,736within the sector's middle half▼ 61.1%€1.2mabove the sector's middle half▲ 127%€1.0mwithin the sector's middle half▼ 10.0%
Solvency61.2%within the sector's middle half▲ 3.8pp55.3%within the sector's middle half▼ 5.9pp40.9%within the sector's middle half▼ 14.3pp39.8%within the sector's middle half▼ 1.1pp33.5%within the sector's middle half▼ 6.3pp
Current ratio2.02within the sector's middle half▲ 0.181.83within the sector's middle half▼ 0.191.32within the sector's middle half▼ 0.511.56within the sector's middle half▲ 0.241.53within the sector's middle half▼ 0.03
Return on assets (ROA)1.8%within the sector's middle half▲ 5.6pp-1.1%below the sector's middle half▼ 2.9pp-24.8%below the sector's middle half▼ 23.7pp5.0%within the sector's middle half▲ 29.9pp-8.6%below the sector's middle half▼ 13.6pp
Staff (FTE)29.6above the sector's middle half▼ 3.0%31.5above the sector's middle half▲ 6.4%26.3above the sector's middle half▼ 16.5%21.3above the sector's middle half▼ 19.0%18.8within the sector's middle half▼ 11.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €303,916 after €302,119 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€1.3m ▼ 3.8%
Current assets
€3.0m ▼ 6.2%
Equity and liabilities €4.3m
Equity
€1.4m ▼ 20.4%
Provisions
€20,000 =
Debt
€2.8m ▲ 4.4%
Debt's share of the balance-sheet total rises from 59.8% to 66.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€247,311▼
2024 · €445,860
Cash flow
-€314,687▼
2024 · €373,117
Quick ratio
1.08▲
2024 · 0.95
Debt to equity
1.97▲
2024 · 1.50
ROE
-25.7%▼
2024 · 12.6%
Interest coverage
-3.02▼
2024 · 5.32
Debt ≤ 1 year
€2.0m▼
2024 · €2.1m
Debt > 1 year
€857,702▲
2024 · €646,047
Income taxes
-€1,905▼
2024 · €2,695
Staff costs
€1.4m▼
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
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 497,340 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 8,611 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €5.2m | - |
| Non-recurring operating income76A | €535,000 | - | - | €1.3m | €121,040 | ▼ 90.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €4.1m | - |
| Remuneration, social security and pensions62 | €2.0m | €2.1m | €1.9m | €1.7m | €1.4m | ▼ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,458 | €94,170 | €221,633 | €143,741 | €56,605 | ▼ 60.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €162,996 | €26,346 | -€3,196 | €86,977 | €63,324 | ▼ 27.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€4,596 | - | - | - | - | - |
| Other operating charges640/8 | €39,445 | €41,888 | €48,327 | €42,989 | €47,322 | ▲ 10.1% |
| Gross operating margin9900 | €2.4m | €2.3m | €1.3m | €2.2m | €1.3m | ▼ 42.1% |
| Operating profit (loss)9901 | €102,297 | -€35,334 | -€905,163 | €302,119 | -€303,916 | ▼ 201% |
| Financial income75/76B | €1,991 | €12,963 | €897 | €13,720 | €12,603 | ▼ 8.1% |
| Recurring financial income75 | €1,991 | €12,963 | €897 | €13,720 | €12,603 | ▼ 8.1% |
| Financial charges65/66B | €25,948 | €26,772 | €55,367 | €83,767 | €81,884 | ▼ 2.2% |
| Recurring financial charges65 | €25,948 | €26,772 | €55,367 | €83,767 | €81,884 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €78,340 | -€49,143 | -€959,633 | €232,071 | -€373,197 | ▼ 261% |
| Income taxes67/77 | €3,771 | €3,750 | €3,375 | €2,695 | -€1,905 | ▼ 171% |
| Profit (loss) for the period9904 | €74,569 | -€52,893 | -€963,008 | €229,376 | -€371,292 | ▼ 262% |
| Transfer from tax-exempt reserves789 | - | - | - | €74,000 | - | - |
| Transfer to tax-exempt reserves689 | €74,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €569 | -€52,893 | -€963,008 | €303,376 | -€371,292 | ▼ 222% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.6m | €3.9m | €4.6m | €4.3m | ▼ 5.5% |
| Fixed assets21/28 | €1.3m | €1.7m | €1.8m | €1.3m | €1.3m | ▼ 3.8% |
| Intangible fixed assets21 | - | €362,546 | €402,359 | €3,571 | €1,299 | ▼ 63.6% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 3.8% |
| Land and buildings22 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Plant, machinery and equipment23 | €88,228 | €87,502 | €68,530 | €59,940 | €25,181 | ▼ 58.0% |
| Furniture and vehicles24 | €19,151 | €18,250 | €16,137 | €5,967 | €701 | ▼ 88.2% |
| Leasing and similar rights25 | €28,463 | €17,078 | €5,693 | - | - | - |
| Other tangible fixed assets26 | €1,806 | €31,792 | €45,964 | €53,896 | €46,609 | ▼ 13.5% |
| Financial fixed assets28 | €72,752 | €64,513 | €105,160 | €76,240 | €75,060 | ▼ 1.5% |
| Current assets29/58 | €2.9m | €2.9m | €2.1m | €3.2m | €3.0m | ▼ 6.2% |
| Amounts receivable after more than one year29 | - | - | - | €1.0m | €1.0m | = |
| Trade receivables290 | - | - | - | €1.0m | €1.0m | = |
| Stocks and contracts in progress3 | €815,273 | €1.4m | €1.0m | €1.3m | €895,473 | ▼ 29.2% |
| Stocks30/36 | €815,273 | €1.4m | €1.0m | €1.3m | €895,473 | ▼ 29.2% |
| Contracts in progress37 | - | €16,903 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.5m | €1.3m | €974,298 | €842,824 | €1.1m | ▲ 26.9% |
| Trade receivables40 | €1.5m | €1.3m | €974,298 | €842,824 | €1.1m | ▲ 26.8% |
| Other amounts receivable41 | - | - | - | - | €1,405 | - |
| Cash at bank and in hand54/58 | €545,840 | €52,169 | €45,269 | €53,921 | €5,676 | ▼ 89.5% |
| Deferred charges and accrued income490/1 | €95,674 | €126,029 | €51,443 | €73,252 | €64,186 | ▼ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.6m | €3.9m | €4.6m | €4.3m | ▼ 5.5% |
| Equity10/15 | €2.6m | €2.5m | €1.6m | €1.8m | €1.4m | ▼ 20.4% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Non-distributable reserves130/1 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Legal reserve130 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tax-exempt reserves132 | €74,000 | €74,000 | €74,000 | - | - | - |
| Distributable reserves133 | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Profit (loss) carried forward14 | -€621,668 | -€674,560 | -€1.6m | -€1.3m | -€1.7m | ▼ 27.8% |
| Provisions and deferred taxes16 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Provisions for liabilities and charges160/5 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Pensions and similar obligations160 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable17/49 | €1.6m | €2.0m | €2.3m | €2.7m | €2.8m | ▲ 4.4% |
| Amounts payable after more than one year17 | €176,305 | €250,247 | €580,330 | €646,047 | €857,702 | ▲ 32.8% |
| Financial debts170/4 | €176,305 | €250,247 | €580,330 | €646,047 | €857,702 | ▲ 32.8% |
| Amounts payable within one year42/48 | €1.4m | €1.6m | €1.6m | €2.1m | €2.0m | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | - | - | €70,107 | €224,903 | €199,731 | ▼ 11.2% |
| Financial debts43 | - | €350,000 | €300,000 | €350,000 | €350,000 | = |
| Credit institutions430/8 | - | €350,000 | €300,000 | €350,000 | €350,000 | = |
| Trade debts44 | €1.1m | €1.0m | €937,239 | €1.2m | €1.2m | ▼ 2.5% |
| Suppliers440/4 | €1.1m | €1.0m | €937,239 | €1.2m | €1.2m | ▼ 2.5% |
| Advances received on contracts in progress46 | - | - | €40,131 | €95,758 | €66,927 | ▼ 30.1% |
| Taxes, remuneration and social security45 | €292,284 | €236,726 | €243,923 | €204,164 | €204,566 | ▲ 0.2% |
| Taxes450/3 | €113,441 | €60,540 | €88,090 | €65,315 | €84,717 | ▲ 29.7% |
| Remuneration and social security454/9 | €178,843 | €176,187 | €155,832 | €138,848 | €119,849 | ▼ 13.7% |
| Accrued charges and deferred income492/3 | €11,658 | €206,233 | €97,274 | €9,761 | €2,122 | ▼ 78.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,569 | -€52,893 | -€963,008 | €229,376 | -€371,292 | ▼ 262% |
| + Depreciation and write-downs630 | €54,458 | €94,170 | €221,633 | €143,741 | €56,605 | ▼ 60.6% |
| Operating cash flow (approximation) | €129,026 | €41,277 | -€741,375 | €373,117 | -€314,687 | ▼ 184% |
| Investment in fixed assets (approximation) | - | -€465,450 | -€283,796 | €300,489 | -€5,842 | ▼ 102% |
| Change in cash | - | -€493,671 | -€6,900 | €8,653 | -€48,245 | ▼ 658% |
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Back to profitnet €229,376
Net result €229,376 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€963,008
Net result drops to -€963,008, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €74,569
Net result €74,569 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Puurs-Sint-Amands · 1 establishment unit since 1981
Ground area
1.2 ha
Building footprint
4,216 m²
Volume, LiDAR
39,193 m³
Parcel 12032C0330/00D000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VIGOTE C
since 19812.018.757.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12032C0330/00D000 | Flanders | 1.2 ha | 1 · 4,216 m² | 11.1 m · 3 fl. |
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 ownerChain of control
- RIAN INVESTMENTS
- Vigotec
Highest known parent: RIAN INVESTMENTS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of Vigotec 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 24,280 EUR awarded · 24,280 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 534 EUR | 534 EUR |
| 2024 | 2 | 8,535 EUR | 8,535 EUR |
| 2023 | 3 | 15,211 EUR | 15,211 EUR |
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Identification & contact
Identification
Legal formPublic limited company
Founded18-03-1981
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
46851Wholesale of industrial chemicals
Contact
E-mail
anne.lenaerts@vigotec.bePuurs-Sint-Amands
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421497662
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.