Equity
VIMAR has made a profit in every financial year since 2006.
VIMAR has made a profit in every financial year since 2006.
The result rose in 2025 from €809,960 to €1.1m.
Green is investment, beige is depreciation.
In 2025, 29 people joined and 20 left. On top of that, 2 agency workers worked there on average.
The 2024 accounts came 70 days late. The other nine of the last ten were filed on time.
More equity than 92% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 69% of them on solvency, 38% on liquidity, 38% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as VIMAR has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of VIMAR itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for VIMAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.95 (2.04 in 2024), above the usual 1.5. Short-term debt is 47.7% and cash 9.6% of total assets. 48.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VIMAR Schaerbeek | €26.7m | 5.8% | 51.6% | 49.4 |
| BOUWWERKEN DE RAEDT IVAN Zele | €29.9m | 15.2% | 61.5% | 48.6 |
| ROBA BETONWERKEN Brecht | €31.9m | 0.2% | 20.2% | 37.2 |
| BOUW- EN CONSTRUCTIEWERKEN SWINNEN Balen | €31.9m | 3.6% | 44.6% | 44.1 |
| AQUA SERVICE SYSTEMS Kortrijk | €21.9m | 0.7% | 32.8% | 71.7 |
| VIP Scaffolding Ghent | €16.7m | 8.5% | 33.9% | 65.3 |
| LAMEIRE FUNDERINGSTECHNIEKEN Eeklo | €21.6m | 15.7% | 21.4% | 34.5 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VIMAR: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €8.9m and €19m, founded between 1985 and 2001.
VIMAR has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of €1.1m.
Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 62% of 2,463 sector peers (NACE 43, financial year 2025).
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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