Vigotec Engineered Plastics
ActiveVigotec Engineered Plastics has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €837k and a net result of €3k. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-25
Solvency94▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.09 in 2023; short-term debt: 27.1% and cash: 2.4% of total assets), and 31.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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 2024Solvency, return and age of the figures
Solvency
68.8%
Return on assets
0.3%
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 27-06-2025, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
28 d early
2022
20 d early
2021
26 d late
2020
88 d late
2019
55 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€837k▲ 0.4%
2023 · €834k
2019: €95k
2020: €250k
2021: €321k
2022: €577k
2023: €834k
2019 → 2024
Total assets
€1.22M▼ 8.3%
2023 · €1.33M
2019: €1.40M
2020: €1.29M
2021: €1.26M
2022: €1.50M
2023: €1.33M
2019 → 2024
Net result
€3k▼ 98.8%
2023 · €257k
2019: €45k
2020: €54k
2021: €71k
2022: €256k
2023: €257k
2019 → 2024
Working capital
€507k▲ 14.6%
2023 · €442k
2019: €67k
2020: €92k
2021: €47k
2022: €151k
2023: €442k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€250k-€321k▲ 28.4%€577k▲ 79.9%€834k▲ 44.6%€837k▲ 0.4%
Operating result€90k-€103k▲ 14.2%€329k▲ 221%€361k▲ 9.7%€27k▼ 92.4%
Net result€54k-€71k▲ 30.5%€256k▲ 261%€257k▲ 0.5%€3k▼ 98.8%
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 falls in 2024; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.22M
Fixed assets
€381k▼ 20.9%
Current assets
€837k▼ 1.1%
Equity and liabilities €1.22M
Equity
€837k▲ 0.4%
Debt
€380k▼ 23.0%
The debt ratio falls from 37.2% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▼
2023 · €495k
Cash flow
€118k▼
2023 · €391k
Solvency
68.8%▲
2023 · 62.8%
Current ratio
2.53▲
2023 · 2.09
Quick ratio
1.23▲
2023 · 1.14
Debt / equity
0.45▼
2023 · 0.59
ROE
0.4%▼
2023 · 30.9%
ROA
0.3%▼
2023 · 19.4%
Interest coverage
5.82▼
2023 · 31.06
Debt
€380k▼
2023 · €493k
Debt ≤ 1 year
€330k▼
2023 · €404k
Debt > 1 year
€50k▼
2023 · €89k
Income taxes
€4k▼
2023 · €93k
Staff costs
€302k▲
2023 · €257k
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€1.33M€1.22M▼
Formation expenses20€17€0▼
Fixed assets21/28€481k€381k▼
Intangible fixed assets21€330k€265k▼
Tangible fixed assets22/27€147k€112k▼
Plant, machinery and equipment23€19k€24k▲
Leasing and similar rights25€128k€87k▼
Financial fixed assets28€4k€4k=
Current assets29/58€846k€837k▼
Stocks and contracts in progress3€386k€429k▲
Stocks30/36€386k€429k▲
Amounts receivable within one year40/41€360k€378k▲
Trade receivables40€359k€305k▼
Other amounts receivable41€2k€73k▲
Cash at bank and in hand54/58€100k€29k▼
Deferred charges and accrued income490/1€100€166▲
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.22M▼
Equity10/15€834k€837k▲
Contributions10/11€150k€150k=
Reserves13€100k€100k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€585k€588k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€493k€380k▼
Amounts payable after more than one year17€89k€50k▼
Financial debts170/4€89k€50k▼
Amounts payable within one year42/48€404k€330k▼
Current portion of amounts payable after more than one year42€107k€39k▼
Financial debts43€17k€25k▲
Credit institutions430/8€17k€25k▲
Trade debts44€175k€197k▲
Suppliers440/4€175k€197k▲
Taxes, remuneration and social security45€100k€65k▼
Taxes450/3€79k€40k▼
Remuneration and social security454/9€21k€26k▲
Other amounts payable47/48€6k€4k▼
Income statement
Code20232024
Non-recurring operating income76A€7k€21k▲
Remuneration, social security and pensions62€257k€302k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€133k€115k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€498€1k▲
Gross operating margin9900€752k€445k▼
Operating profit (loss)9901€361k€27k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€16k€24k▲
Recurring financial charges65€16k€24k▲
Profit (loss) for the period before taxes9903€350k€7k▼
Income taxes67/77€93k€4k▼
Profit (loss) for the period9904€257k€3k▼
Profit (loss) for the period to be appropriated9905€257k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€585k€588k▲
Profit (loss) brought forward from the previous period14P€327k€585k▲
Social balance
Average headcount (FTE)90873.54.1▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €3k ▼98.8%
Net result drops to €3k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €257k ▲0.5%
Operating result €361k, net result €257k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €577k ▲79.9%
4 profitable years in a row build equity to €577k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Equity above €200kEq €250k ▲162%
2 profitable years in a row build equity to €250k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Puurs-Sint-Amands · 1 establishment unit since 2019
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.
Schoonmansveld 522870 Puurs-Sint-AmandsGround 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.
1 establishment unit
Vigotec Engineered Plastics
since 20192.286.726.005
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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 139 companies in sector 20160 we hold annual accounts for 95. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2019
Fiscal year end31-12
Activities, NACEBEL
20160Manufacture of chemicals and chemical products
22260Manufacture of rubber and plastic products
22210Manufacture of rubber and plastic products
27330Manufacture of electrical equipment
32990Other manufacturing not elsewhere classified
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:anne.lenaerts@vigotec.be
E-mail:kim@vep-engineeredplastics.be
Phone:03/860.01.92