VIKABO
ActiveSummary
VIKABO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,837 and a net result of €33,690. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 7524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+8
Solvency40=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.27 in 2024; short-term debt: 35.7% and cash: 0% of total assets), and 85.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
14.6%
Return on assets
6.9%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7524 sector peers (2025).
NBB · sector comparisonPosition among 7524 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
33 d early
2022
38 d early
2021
30 d early
2020
43 d early
2019
42 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 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,837▲ 88.3%
2024 · €38,147
Total assets
€491,222▲ 91.1%
2024 · €257,099
Net result
€33,690▲ 7,913%
2024 · €420
Working capital
-€16,817▲ 72.5%
2024 · -€61,060
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,503▼ 49.3%€15,781▼ 52.9%-€38,132€6,726€40,767▲ 506%
Net result€16,728▼ 60.6%€10,044▼ 40.0%-€44,325€420€33,690▲ 7,913%
Equity€114,823▲ 17.1%€124,866▲ 8.7%€80,542▼ 35.5%€38,147▼ 52.6%€71,837▲ 88.3%
Total assets€306,152▲ 28.5%€314,935▲ 2.9%€146,909▼ 53.4%€257,099▲ 75.0%€491,222▲ 91.1%
Debt€191,330▲ 36.6%€190,069▼ 0.7%€66,367▼ 65.1%€218,951▲ 230%€419,385▲ 91.5%
Working capital€31,137▲ 283%€15,330▼ 50.8%€38,155▲ 149%-€61,060-€16,817▲ 72.5%
Staff (FTE)2▼ 28.6%1.1▼ 45.0%1▼ 9.1%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 506% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €491,222
Fixed assets
€332,836 ▲ 42.1%
Current assets
€158,386 ▲ 590%
Equity and liabilities €491,222
Equity
€71,837 ▲ 88.3%
Debt
€419,385 ▲ 91.5%
Debt's share of the balance-sheet total rises from 85.2% to 85.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97,209▲
2024 · €44,848
Cash flow
€90,132▲
2024 · €38,543
Current ratio
0.90▲
2024 · 0.27
Debt to equity
5.84▲
2024 · 5.74
ROE
46.9%▲
2024 · 1.1%
ROA
6.9%▲
2024 · 0.2%
Interest coverage
13.28▲
2024 · 6.33
Debt ≤ 1 year
€175,203▲
2024 · €84,007
Debt > 1 year
€244,173▲
2024 · €134,796
Income taxes
€413▲
2024 · €395
Staff costs
-€508▲
2024 · -€963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €20,985 | €27,000 | €69,255 | €2,552 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €82,321 | €55,123 | €18,658 | -€963 | -€508 | ▲ 47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,602 | €63,268 | €61,725 | €38,122 | €56,442 | ▲ 48.1% |
| Other operating charges640/8 | €937 | €828 | €867 | €1,101 | €706 | ▼ 35.8% |
| Non-recurring operating charges66A | €1,827 | - | €439 | €41 | €250 | ▲ 514% |
| Gross operating margin9900 | €160,190 | €134,999 | €43,557 | €45,027 | €97,657 | ▲ 117% |
| Operating profit (loss)9901 | €33,503 | €15,781 | -€38,132 | €6,726 | €40,767 | ▲ 506% |
| Financial income75/76B | €2,104 | €1,250 | €1 | €1,170 | €654 | ▼ 44.1% |
| Recurring financial income75 | €2,104 | €1,250 | €1 | €1,170 | €654 | ▼ 44.1% |
| Financial charges65/66B | €12,001 | €5,647 | €5,777 | €7,081 | €7,318 | ▲ 3.4% |
| Recurring financial charges65 | €12,001 | €5,647 | €5,777 | €7,081 | €7,318 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €23,606 | €11,384 | -€43,908 | €815 | €34,103 | ▲ 4,084% |
| Income taxes67/77 | €6,879 | €1,340 | €416 | €395 | €413 | ▲ 4.6% |
| Profit (loss) for the period9904 | €16,728 | €10,044 | -€44,325 | €420 | €33,690 | ▲ 7,913% |
| Profit (loss) for the period to be appropriated9905 | €16,728 | €10,044 | -€44,325 | €420 | €33,690 | ▲ 7,913% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,152 | €314,935 | €146,909 | €257,099 | €491,222 | ▲ 91.1% |
| Fixed assets21/28 | €151,338 | €221,052 | €43,781 | €234,151 | €332,836 | ▲ 42.1% |
| Tangible fixed assets22/27 | €151,338 | €221,052 | €43,781 | €234,151 | €186,735 | ▼ 20.3% |
| Land and buildings22 | €10,498 | €8,998 | €7,498 | €5,999 | €4,499 | ▼ 25.0% |
| Plant, machinery and equipment23 | €57,334 | €53,854 | €21,082 | €12,729 | €14,696 | ▲ 15.5% |
| Furniture and vehicles24 | €60,727 | €44,567 | €13,923 | €101,670 | €73,323 | ▼ 27.9% |
| Leasing and similar rights25 | €20,991 | €112,101 | €0 | €112,731 | €93,451 | ▼ 17.1% |
| Other tangible fixed assets26 | €1,788 | €1,533 | €1,277 | €1,022 | €766 | ▼ 25.0% |
| Financial fixed assets28 | - | - | - | - | €146,100 | - |
| Current assets29/58 | €154,814 | €93,883 | €103,128 | €22,948 | €158,386 | ▲ 590% |
| Stocks and contracts in progress3 | €6,495 | €7,259 | €0 | - | - | - |
| Stocks30/36 | €6,495 | €7,259 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €81,527 | €42,285 | €78,908 | €12,957 | €154,318 | ▲ 1,091% |
| Trade receivables40 | €42,821 | €20,029 | €71,281 | €8,369 | €22,759 | ▲ 172% |
| Other amounts receivable41 | €38,705 | €22,256 | €7,627 | €4,588 | €131,559 | ▲ 2,767% |
| Cash at bank and in hand54/58 | €63,402 | €37,946 | €22,430 | €6,324 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €3,390 | €6,393 | €1,789 | €3,666 | €4,068 | ▲ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,152 | €314,935 | €146,909 | €257,099 | €491,222 | ▲ 91.1% |
| Equity10/15 | €114,823 | €124,866 | €80,542 | €38,147 | €71,837 | ▲ 88.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €102,423 | €112,466 | €112,010 | €69,195 | €69,195 | = |
| Distributable reserves133 | €102,423 | €112,466 | €112,010 | €69,195 | €69,195 | = |
| Profit (loss) carried forward14 | - | - | -€43,869 | -€43,448 | -€9,758 | ▲ 77.5% |
| Amounts payable17/49 | €191,330 | €190,069 | €66,367 | €218,951 | €419,385 | ▲ 91.5% |
| Amounts payable after more than one year17 | €67,652 | €111,516 | €1,394 | €134,796 | €244,173 | ▲ 81.1% |
| Financial debts170/4 | €67,652 | €111,516 | €1,394 | €134,796 | €98,072 | ▼ 27.2% |
| Other amounts payable178/9 | - | - | - | - | €146,100 | - |
| Amounts payable within one year42/48 | €123,678 | €78,553 | €64,973 | €84,007 | €175,203 | ▲ 109% |
| Current portion of amounts payable after more than one year42 | €34,009 | €45,444 | €18,701 | €35,260 | €35,273 | = |
| Financial debts43 | - | - | - | - | €95,757 | - |
| Credit institutions430/8 | - | - | - | - | €95,757 | - |
| Trade debts44 | €79,130 | €30,987 | €11,525 | €12,881 | €13,156 | ▲ 2.1% |
| Suppliers440/4 | €79,130 | €30,987 | €11,525 | €12,881 | €13,156 | ▲ 2.1% |
| Taxes, remuneration and social security45 | €6,438 | €1,019 | €3,875 | €3,278 | €1,345 | ▼ 59.0% |
| Taxes450/3 | €6,286 | - | €3,875 | €3,278 | €1,345 | ▼ 59.0% |
| Remuneration and social security454/9 | €152 | €1,019 | €0 | - | - | - |
| Other amounts payable47/48 | €4,101 | €1,104 | €30,873 | €32,588 | €29,672 | ▼ 8.9% |
| Accrued charges and deferred income492/3 | - | - | - | €148 | €9 | ▼ 94.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,728 | €10,044 | -€44,325 | €420 | €33,690 | ▲ 7,913% |
| + Depreciation and write-downs630 | €41,602 | €63,268 | €61,725 | €38,122 | €56,442 | ▲ 48.1% |
| Operating cash flow (approximation) | €58,329 | €73,311 | €17,401 | €38,543 | €90,132 | ▲ 134% |
| Investment in fixed assets (approximation) | - | -€132,982 | €115,546 | -€228,493 | -€155,126 | ▲ 32.1% |
| Change in cash | - | -€25,456 | -€15,516 | -€16,106 | -€6,324 | ▲ 60.7% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €420
Net result €420 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€44,325
Net result drops to -€44,325, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €114,823 ▲17.1%
4 profitable years in a row build equity to €114,823.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €42,424 ▲72.1%
Operating result €66,074, net result €42,424, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Geel · 1 establishment unit since 2012
Ground area
1,409 m²
Building footprint
213 m²
Volume, LiDAR
638 m³
Parcel 13374D0590/00G000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VIKABO
since 20122.208.308.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374D0590/00G000 | Flanders | 1,409 m² | 1 · 213 m² | 4.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,356 EUR awarded · 1,004 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,356 EUR | 1,004 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedMetselaar (so)
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Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 729 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
Founded28-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
Contact
E-mail
info@vikabo.be
Scores and ratios are computed by Checked and are not a credit decision.