Viking Line
ActiveThe annual accounts of Viking Line for fiscal year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €10k and a net result of €-25k. Equity is growing by ~60.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 4547 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-24
Solvency35▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.82 against 1.98 in 2024; short-term debt: 41.8% and cash: 10.5% of total assets), but 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.8%
Return on assets
-25%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-25k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4547 sector peers (2025).
NBB · sector comparisonPosition among 4547 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
41 d late
2023
31 d late
2022
90 d early
2021
30 d late
2020
26 d late
2019
27 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 71.8%
2024 · €35k
2018: €-3k
2019: €5k
2020: €10k
2021: €9k
2022: €23k
2023: €51k
2024: €35k
2018 → 2025
Total assets
€101k▼ 31.2%
2024 · €147k
2018: €59k
2019: €48k
2020: €54k
2021: €67k
2022: €62k
2023: €153k
2024: €147k
2018 → 2025
Net result
€-25k▼ 60.1%
2024 · €-16k
2018: €10k
2019: €7k
2020: €5k
2021: €-810
2022: €14k
2023: €28k
2024: €-16k
2018 → 2025
Working capital
€35k▲ 5.3%
2024 · €33k
2018: €23k
2019: €17k
2020: €19k
2021: €16k
2022: €19k
2023: €67k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€23k▲ 147%€51k▲ 119%€35k▼ 31.0%€10k▼ 71.8%
Operating result€6k-€26k▲ 355%€30k▲ 13.5%€-14k€-23k▼ 67.7%
Net result€-810-€14k€28k▲ 99.9%€-16k€-25k▼ 60.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €14k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€24k▼ 70.1%
Current assets
€77k▲ 15.9%
Equity and liabilities €101k
Equity
€10k▼ 71.8%
Debt
€91k▼ 18.5%
The debt ratio rises from 76.1% to 90.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2024 · €4k
Cash flow
€-22k▼
2024 · €2k
Solvency
9.8%▼
2024 · 23.9%
Current ratio
1.82▼
2024 · 1.98
Quick ratio
1.82▲
2024 · 1.28
Debt / equity
9.18▲
2024 · 3.18
ROE
-254.6%▼
2024 · -44.8%
ROA
-25.0%▼
2024 · -10.7%
Interest coverage
-9.28▼
2024 · 2.19
Debt
€91k▼
2024 · €112k
Debt ≤ 1 year
€42k▲
2024 · €33k
Debt > 1 year
€19k▼
2024 · €28k
Staff costs
€2k▼
2024 · €4k
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€147k€101k▼
Fixed assets21/28€80k€24k▼
Tangible fixed assets22/27€69k€23k▼
Plant, machinery and equipment23€1k€434▼
Furniture and vehicles24€67k€22k▼
Financial fixed assets28€12k€1k▼
Current assets29/58€66k€77k▲
Stocks and contracts in progress3€24k€0▼
Stocks30/36€24k€0▼
Amounts receivable within one year40/41€26k€66k▲
Trade receivables40€7k€28k▲
Other amounts receivable41€18k€38k▲
Cash at bank and in hand54/58€7k€11k▲
Deferred charges and accrued income490/1€10k€0▼
Equity and liabilities
Total equity and liabilities10/49€147k€101k▼
Equity10/15€35k€10k▼
Contributions10/11€17k€17k=
Reserves13€18k€18k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14-€-25k
Amounts payable17/49€112k€91k▼
Amounts payable after more than one year17€28k€19k▼
Financial debts170/4€28k€19k▼
Amounts payable within one year42/48€33k€42k▲
Current portion of amounts payable after more than one year42€2k€2k=
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€7k€34k▲
Suppliers440/4€7k€34k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9€0€5k▲
Other amounts payable47/48€19k€0▼
Accrued charges and deferred income492/3€50k€29k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€4k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€4k▼
Other operating charges640/8€4k€29k▲
Gross operating margin9900€11k€11k▼
Operating profit (loss)9901€-14k€-23k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-16k€-25k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-16k€-25k▼
Profit (loss) for the period to be appropriated9905€-16k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-25k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€16k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (18 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €28k ▲99.9%
Operating result €30k, net result €28k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.60
Current ratio from 1.63 to 5.60; short-term debt falls from €31k to €15k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
17-07
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.
Directors · office · real estate
Directors
6 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, Heuvelland · 1 establishment unit since 2006
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.
Reningelststraat(De Klijte) 72B8954 HeuvellandGround area
346 m²
Building footprint
107 m²
Volume, LiDAR
494 m³
Parcel 33015C0713/00H000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Viking Line
since 20062.150.795.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33015C0713/00H000 | Flanders | 346 m² | 1 · 107 m² | 6.9 m · 2 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
2024 · 1 entry · 53 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 53 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 3,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2005
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
47820Retail sale of motor vehicle parts and accessories
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
50302
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.