Vinco Engineering
ActiveSummary
The annual accounts of Vinco Engineering for fiscal year 2025 show a net loss of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €7,896 and a net result of -€26,748. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 17% of 7564 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency33▼-50
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
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 tight (current ratio 1.1 against 2.42 in 2024; short-term debt: 91% and cash: 26.3% of total assets), and 91.8% 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 →
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
8.2%
Return on assets
-27.9%
Age of the figures
18 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 17% of 7564 sector peers (2025).
NBB · sector comparisonPosition among 7564 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
1 d early
2022
3 d late
2021
3 d late
2020
26 d late
2019
6 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 3 days after 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,896▼ 77.2%
2024 · €34,644
Total assets
€95,732▲ 59.1%
2024 · €60,173
Net result
-€26,748
2024 · €24,506
Working capital
€8,407▼ 76.1%
2024 · €35,155
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-€1,981▲ 92.6%-€1,933▲ 2.5%-€1,986▼ 2.8%€27,107-€26,598
Net result-€2,041▲ 92.4%-€2,102▼ 3.0%-€2,137▼ 1.7%€24,506-€26,748
Equity€14,378▼ 12.4%€12,276▼ 14.6%€10,139▼ 17.4%€34,644▲ 242%€7,896▼ 77.2%
Total assets€14,639▼ 12.2%€12,537▼ 14.4%€10,400▼ 17.0%€60,173▲ 479%€95,732▲ 59.1%
Debt€261=€261=€261=€25,528▲ 9,685%€87,835▲ 244%
Working capital€14,378▼ 12.4%€12,276▼ 14.6%€10,139▼ 17.4%€35,155▲ 247%€8,407▼ 76.1%
Staff (FTE)0.61▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26,598 after €27,107 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,732
Fixed assets
€179 =
Current assets
€95,553 ▲ 59.3%
Equity and liabilities €95,732
Equity
€7,896 ▼ 77.2%
Debt
€87,835 ▲ 244%
Debt's share of the balance-sheet total rises from 42.4% to 91.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.10▼
2024 · 2.42
Debt to equity
11.12▲
2024 · 0.74
ROE
-338.7%▼
2024 · 70.7%
ROA
-27.9%▼
2024 · 40.7%
Debt ≤ 1 year
€87,145▲
2024 · €24,838
Staff costs
€85,783▲
2024 · €47,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.7%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €47,832 | €85,783 | ▲ 79.3% |
| Other operating charges640/8 | - | €523 | €526 | €893 | €592 | ▼ 33.8% |
| Gross operating margin9900 | -€1,460 | -€1,410 | -€1,460 | €75,832 | €59,776 | ▼ 21.2% |
| Operating profit (loss)9901 | -€1,981 | -€1,933 | -€1,986 | €27,107 | -€26,598 | ▼ 198% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €169 | €151 | €151 | €150 | ▼ 1.0% |
| Recurring financial charges65 | €60 | €169 | €151 | €151 | €150 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€2,041 | -€2,102 | -€2,137 | €26,956 | -€26,748 | ▼ 199% |
| Income taxes67/77 | - | - | - | €2,450 | - | - |
| Profit (loss) for the period9904 | -€2,041 | -€2,102 | -€2,137 | €24,506 | -€26,748 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | -€2,041 | -€2,102 | -€2,137 | €24,506 | -€26,748 | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,639 | €12,537 | €10,400 | €60,173 | €95,732 | ▲ 59.1% |
| Fixed assets21/28 | - | - | - | €179 | €179 | = |
| Financial fixed assets28 | - | - | - | €179 | €179 | = |
| Current assets29/58 | €14,639 | €12,537 | €10,400 | €59,994 | €95,553 | ▲ 59.3% |
| Amounts receivable within one year40/41 | €3,930 | €4,136 | €4,361 | €5,582 | €70,196 | ▲ 1,157% |
| Trade receivables40 | - | €2,705 | €2,705 | €2,705 | €68,705 | ▲ 2,440% |
| Other amounts receivable41 | - | €1,431 | €1,656 | €2,877 | €1,491 | ▼ 48.2% |
| Cash at bank and in hand54/58 | €10,708 | €8,401 | €6,038 | €54,215 | €25,156 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | - | €196 | €201 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,639 | €12,537 | €10,400 | €60,173 | €95,732 | ▲ 59.1% |
| Equity10/15 | €14,378 | €12,276 | €10,139 | €34,644 | €7,896 | ▼ 77.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €41,843 | €41,843 | €41,843 | €66,349 | €66,349 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €26,360 | €26,360 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €26,360 | €26,360 | = |
| Distributable reserves133 | - | €39,983 | €39,983 | €39,989 | €39,989 | = |
| Profit (loss) carried forward14 | -€46,065 | -€48,167 | -€50,304 | -€50,304 | -€77,052 | ▼ 53.2% |
| Amounts payable17/49 | €261 | €261 | €261 | €25,528 | €87,835 | ▲ 244% |
| Amounts payable within one year42/48 | €261 | €261 | €261 | €24,838 | €87,145 | ▲ 251% |
| Trade debts44 | - | - | - | €2,265 | - | - |
| Suppliers440/4 | - | - | - | €2,265 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €79,860 | - |
| Taxes, remuneration and social security45 | - | - | - | €22,573 | €4,843 | ▼ 78.5% |
| Taxes450/3 | - | - | - | €17,560 | €1,426 | ▼ 91.9% |
| Remuneration and social security454/9 | - | - | - | €5,013 | €3,417 | ▼ 31.8% |
| Other amounts payable47/48 | - | €261 | €261 | - | €2,443 | - |
| Accrued charges and deferred income492/3 | - | - | - | €690 | €690 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,041 | -€2,102 | -€2,137 | €24,506 | -€26,748 | ▼ 209% |
| Operating cash flow (approximation) | -€2,041 | -€2,102 | -€2,137 | €24,506 | -€26,748 | ▼ 209% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€2,307 | -€2,363 | €48,177 | -€29,059 | ▼ 160% |
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
06-07
State Gazette act
RestructuringResignation: VAN HEDDEGHEM Ann Alice Clothilde Maurits (director) · Appointment: VAN ISTERDAEL Nicolas Raymond Clara (non-statutory director) · Merger9 facts ▸
State Gazette act
Restructuring
Resignation: VAN HEDDEGHEM Ann Alice Clothilde Maurits (director) · Appointment: VAN ISTERDAEL Nicolas Raymond Clara (non-statutory director) · Merger9 facts ▸
- General meeting, 23-06-2026
- Merger, absorption, 31-12-2025
- Accounting effect, 31-12-2025
- Dissolution, 23-06-2026
- Director resignation, VAN HEDDEGHEM Ann Alice Clothilde Maurits (director)
- Director appointment, VAN ISTERDAEL Nicolas Raymond Clara (non-statutory director)
- Mandate compensation, VAN ISTERDAEL Nicolas Raymond Clara
- Power of attorney, BV Accountplus
- Power of attorney, BV Accountplus
23-02
State Gazette act
RestructuringPermanent representative: Nicolas Van Isterdael · Appointment: Danny Praet - Bedrijfsrevisor (statutory auditor) · Merger15 facts ▸
State Gazette act
Restructuring
Permanent representative: Nicolas Van Isterdael · Appointment: Danny Praet - Bedrijfsrevisor (statutory auditor) · Merger15 facts ▸
- Board meeting, 19-01-2026
- Merger, absorption
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Power of attorney, Ann Van Heddeghem
- Power of attorney, VINCO DEVELOPMENTS
- Permanent representative, Nicolas Van Isterdael
- Auditor appointment, Danny Praet - Bedrijfsrevisor
- Share exchange, no new shares issued; all 186 shares of AATEC already held by the shareholder of VINCO ENGINEERING
- Agm target date, 27-03-2026
- Filing deadline, 30-01-2026
- Capital, €18.600
- +3 further facts in this act
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €24,506
Net result €24,506 after 4 loss-making years.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
31-03
Financial
Weakest financial yearnet -€26,852
Net result drops to -€26,852, the lowest in the series; recovery starts the following year.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director
Board 1
VAN ISTERDAEL Nicolas Raymond Clara
CurrentNon-statutory director · since 06-07-2026 · from a recent act
Statutory auditor 1
Danny Praet - Bedrijfsrevisor
CurrentAuditor · since 12-02-2026
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Haaltert · 1 establishment unit since 2002
Ground area
1,702 m²
Building footprint
303 m²
Volume, LiDAR
1,279 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kapittelstraat (DEN) 2, 9200 Dendermonde
since 20022.101.685.835
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41010C1031/00B000 | Flanders | 1,470 m² | 1 · 168 m² | 8.7 m · 2 fl. |
| 42006C0037/00H002 | Flanders | 232 m² | 1 · 135 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| VAN ISTERDAEL Nicolas Raymond Clarafrom an act |
|
| Danny Praet - Bedrijfsrevisor |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:AATEC
Capital and shareholders
Capital over the years
- 23-02-2026 Capital stated in the act · 18,600 EUR · 150 shares
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 898 EUR awarded · 898 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 898 EUR | 898 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 8,326 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
Founded13-03-2002
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476904557
Also
9925:BE0476904557
Registered
08-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.