Active BE 0478.524.061Public limited company

VILMAR

Tivolistraat 133 ·9700 Oudenaarde, Belgium· 23 yrs active

Sector: Construction of buildings (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of VILMAR is 0.7% (low). The 2024 annual accounts show equity of €568k and a net result of €-3k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 3820 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€568k
Net result	€-3k
Better than sector	39%
Active	23 yrs

Snowflake analysis 5 axes · computed by Checked

46 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 30

Profitability 0

Solvency 43

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 2002, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

30 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-01-2026 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~4.2%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	29.7%	39.4%	better than 39% of 3820 sector peers
Net result	€-3k	€9k	better than 18% of 3817 sector peers
Equity	€568k	€29k	better than 95% of 3825 sector peers
Gross operating margin	€153k	€26k	better than 93% of 3815 sector peers
Total assets	€1.91M	€85k	better than 95% of 3821 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€148k

-25.1% -44% vs sector

Net profit

€-3k

- far below sector median

Cash flow

€111k

-35.2% -18% vs sector

Total assets

€1.91M

-23.1% -28% vs sector

Equity

€568k

-0.4% +12% vs sector

Working capital

€-99k

-44.0% far below sector median

Income taxes

€720

+89.0% -98% vs sector

Dividends

€0

- -100% vs sector

Debt

€1.35M

-29.9% -38% vs sector

Debt ≤ 1y

€600k

-42.8% -72% vs sector

Debt > 1y

€714k

-14.9% far above sector median

Current ratio

0.84

-10.6% -32% vs sector

Quick ratio

0.84

-10.6% -21% vs sector

Solvency

29.7%

+29.5% +64% vs sector

Debt / equity

2.37

-29.5% -39% vs sector

ROE

-0.4%

- far below sector median

ROA

-0.1%

- far below sector median

Interest coverage

2.73

-19.7% -99% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€148k
Net profit	€-3k
Cash flow	€111k
Staff costs	-
Income taxes	€720
Dividends	-
Total assets	€1.91M
Equity	€568k
Debt	€1.35M
of which ≤ 1y	€600k
of which > 1y	€714k
Working capital	€-99k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.84
Quick ratio	0.84
Working capital ratio	-5.2%
Solvency	29.7%
Debt / equity	2.37
Long-term debt ratio	1.26
Interest coverage	2.73
Gross margin	-
Net margin	-
ROA	-0.1%
ROE	-0.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.41M · 73.8% Current assets €501k · 26.2%

Equity & liabilities

Equity €568k · 29.7% Debt €1.35M · 70.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.91M
Fixed assets	21/28	€1.41M
Tangible fixed assets	22/27	€1.41M
Current assets	29/58	€501k
Amounts receivable within one year	40/41	€300k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.91M
Equity	10/15	€568k
Contributions / capital	10/11	€985k
Accumulated profits (losses)	14	€-417k
Amounts payable	17/49	€1.35M
Amounts payable after one year	17	€714k
Amounts payable within one year	42/48	€600k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€153k
Operating result	9901	€34k
Financial income	75	€19k
Financial charges	65	€54k
Result before taxes	9903	€-2k
Income taxes	67/77	€720
Net result for the period	9904	€-3k
Result to be appropriated	9905	€-3k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Construction of buildings(41001)
Legal form	Public limited company(014)
Incorporation	09-10-2002
Status	Active
Postal code	9700

Establishment units 1 location

VILMAR

Tivolistraat 133, 9700 Oudenaardemanagementsactiviteiten van holdings : het tussenkomen in het dagelijks bestuur, het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere

since 20032.123.257.150

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45505A0249/00D000	Flanders	1.1 ha	1 · 556 m²	18.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

21-01-2026

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

30-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

28-05-2024

State Gazette act Director changes

Dorien Raskin

2023

31-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

31-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

30-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

29-10-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

30-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

30-08-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

31-08-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

2016

31-10-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

28-05-2024 5 directors appointed, 2 resigning Director changes·Dorien Raskin

Johan Santens, Bestuurder
Annabel Cordons, Bestuurder
Johan Santens, Bestuurder
Annabel Cordons, Bestuurder
Johan Santens, Voorzitter
Johan Santens, Bestuurder
Annabel Cordons, Bestuurder

Notary: Dorien Raskin · Kortrijk

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201

Primary activity highlighted.

Names & trade names

Legal nameNL

VILMAR

Registered office

Tivolistraat 133

9700 Oudenaarde, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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