VINCOR
ActiveSummary
VINCOR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,677 and a net result of €35,959. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+16
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 6.64 against 5.27 in 2024; short-term debt: 11.9% and cash: 48.3% of total assets), and 18.7% 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
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
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
81.3%
Return on assets
19.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
29 d late
2022
24 d late
2021
24 d late
2020
19 d late
2019
27 d late
← 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,677▲ 31.3%
2024 · €114,718
Total assets
€185,355▲ 18.9%
2024 · €155,907
Net result
€35,959▲ 240%
2024 · €10,580
Working capital
€125,007▲ 38.2%
2024 · €90,484
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,591▲ 509%€12,308▼ 78.6%€13,468▲ 9.4%€14,791▲ 9.8%€38,299▲ 159%
Net result€39,103above the sector's middle half▲ 355%€6,695within the sector's middle half▼ 82.9%€6,987within the sector's middle half▲ 4.4%€10,580within the sector's middle half▲ 51.4%€35,959above the sector's middle half▲ 240%
Equity€90,456within the sector's middle half▲ 76.1%€97,150within the sector's middle half▲ 7.4%€104,138within the sector's middle half▲ 7.2%€114,718within the sector's middle half▲ 10.2%€150,677within the sector's middle half▲ 31.3%
Total assets€104,812within the sector's middle half▲ 72.8%€108,213within the sector's middle half▲ 3.2%€111,562within the sector's middle half▲ 3.1%€155,907within the sector's middle half▲ 39.7%€185,355within the sector's middle half▲ 18.9%
Debt€14,356▲ 54.6%€11,063▼ 22.9%€7,424▼ 32.9%€41,189▲ 455%€34,679▼ 15.8%
Working capital€77,282within the sector's middle half▲ 119%€76,837within the sector's middle half▼ 0.6%€86,436within the sector's middle half▲ 12.5%€90,484within the sector's middle half▲ 4.7%€125,007within the sector's middle half▲ 38.2%
Solvency86.3%above the sector's middle half▲ 1.6pp89.8%above the sector's middle half▲ 3.5pp93.3%above the sector's middle half▲ 3.6pp73.6%above the sector's middle half▼ 19.8pp81.3%above the sector's middle half▲ 7.7pp
Current ratio6.38above the sector's middle half▲ 1.587.95above the sector's middle half▲ 1.5612.64above the sector's middle half▲ 4.705.27above the sector's middle half▼ 7.376.64above the sector's middle half▲ 1.38
Return on assets (ROA)37.3%above the sector's middle half▲ 23.2pp6.2%within the sector's middle half▼ 31.1pp6.3%within the sector's middle half▲ 0.1pp6.8%within the sector's middle half▲ 0.5pp19.4%above the sector's middle half▲ 12.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 159% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,355
Fixed assets
€38,198 ▼ 13.6%
Current assets
€147,157 ▲ 31.8%
Equity and liabilities €185,355
Equity
€150,677 ▲ 31.3%
Debt
€34,679 ▼ 15.8%
Debt's share of the balance-sheet total falls from 26.4% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,799▲
2024 · €25,334
Cash flow
€47,458▲
2024 · €21,123
Quick ratio
5.05▲
2024 · 3.52
Debt to equity
0.23▼
2024 · 0.36
ROE
23.9%▲
2024 · 9.2%
Interest coverage
17.84▲
2024 · 16.37
Debt ≤ 1 year
€22,150▲
2024 · €21,198
Debt > 1 year
€12,529▼
2024 · €19,991
Income taxes
€21,276▲
2024 · €5,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €115 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,446 | €5,848 | €7,110 | €10,543 | €11,500 | ▲ 9.1% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €575 | ▲ 48.4% |
| Non-recurring operating charges66A | €117 | €124 | - | - | - | - |
| Gross operating margin9900 | €61,501 | €18,627 | €20,962 | €25,721 | €50,374 | ▲ 95.8% |
| Operating profit (loss)9901 | €57,591 | €12,308 | €13,468 | €14,791 | €38,299 | ▲ 159% |
| Financial income75/76B | €1,111 | €157 | €2 | €3,264 | €21,727 | ▲ 566% |
| Recurring financial income75 | €1,111 | €157 | €2 | €64 | €1,167 | ▲ 1,715% |
| Non-recurring financial income76B | - | - | - | €3,200 | €20,560 | ▲ 543% |
| Financial charges65/66B | €230 | €501 | €1,054 | €1,547 | €2,792 | ▲ 80.4% |
| Recurring financial charges65 | €230 | €501 | €1,054 | €1,547 | €2,792 | ▲ 80.4% |
| Profit (loss) for the period before taxes9903 | €58,471 | €11,963 | €12,416 | €16,508 | €57,235 | ▲ 247% |
| Income taxes67/77 | €19,368 | €5,269 | €5,429 | €5,928 | €21,276 | ▲ 259% |
| Profit (loss) for the period9904 | €39,103 | €6,695 | €6,987 | €10,580 | €35,959 | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €39,103 | €6,695 | €6,987 | €10,580 | €35,959 | ▲ 240% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,812 | €108,213 | €111,562 | €155,907 | €185,355 | ▲ 18.9% |
| Fixed assets21/28 | €13,174 | €20,313 | €17,702 | €44,226 | €38,198 | ▼ 13.6% |
| Tangible fixed assets22/27 | €13,124 | €20,263 | €17,652 | €44,176 | €38,148 | ▼ 13.6% |
| Plant, machinery and equipment23 | €987 | €1,876 | €2,644 | €1,754 | €3,282 | ▲ 87.1% |
| Furniture and vehicles24 | €2,860 | €10,982 | €6,352 | €35,854 | €29,162 | ▼ 18.7% |
| Other tangible fixed assets26 | €9,278 | €7,406 | €8,657 | €6,568 | €5,705 | ▼ 13.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €91,638 | €87,900 | €93,860 | €111,681 | €147,157 | ▲ 31.8% |
| Stocks and contracts in progress3 | €29,208 | €37,036 | €18,802 | €37,095 | €35,341 | ▼ 4.7% |
| Stocks30/36 | €29,208 | €37,036 | €18,802 | €37,095 | €35,341 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €13,564 | €21,265 | €16,468 | €18,274 | €18,856 | ▲ 3.2% |
| Trade receivables40 | €4,923 | €2,971 | €1,000 | €5,689 | €794 | ▼ 86.1% |
| Other amounts receivable41 | €8,641 | €18,294 | €15,468 | €12,585 | €18,062 | ▲ 43.5% |
| Cash at bank and in hand54/58 | €47,802 | €27,237 | €56,512 | €52,327 | €89,518 | ▲ 71.1% |
| Deferred charges and accrued income490/1 | €1,064 | €2,362 | €2,078 | €3,985 | €3,442 | ▼ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,812 | €108,213 | €111,562 | €155,907 | €185,355 | ▲ 18.9% |
| Equity10/15 | €90,456 | €97,150 | €104,138 | €114,718 | €150,677 | ▲ 31.3% |
| Contributions10/11 | €12,400 | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €53,860 | €60,360 | €65,000 | €75,000 | €110,500 | ▲ 47.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €52,000 | €58,500 | €65,000 | €75,000 | €110,500 | ▲ 47.3% |
| Profit (loss) carried forward14 | €24,196 | €24,390 | €24,878 | €25,458 | €25,917 | ▲ 1.8% |
| Amounts payable17/49 | €14,356 | €11,063 | €7,424 | €41,189 | €34,679 | ▼ 15.8% |
| Amounts payable after more than one year17 | - | - | - | €19,991 | €12,529 | ▼ 37.3% |
| Financial debts170/4 | - | - | - | €19,991 | €12,529 | ▼ 37.3% |
| Amounts payable within one year42/48 | €14,356 | €11,063 | €7,424 | €21,198 | €22,150 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,131 | €7,462 | ▲ 4.6% |
| Trade debts44 | €882 | €3,589 | €2,149 | €10,207 | €1,801 | ▼ 82.4% |
| Suppliers440/4 | €882 | €3,589 | €2,149 | €10,207 | €1,801 | ▼ 82.4% |
| Advances received on contracts in progress46 | - | - | €2,500 | €300 | - | - |
| Taxes, remuneration and social security45 | €8,368 | - | - | €2,572 | €12,217 | ▲ 375% |
| Taxes450/3 | €8,368 | - | - | €909 | €12,217 | ▲ 1,244% |
| Remuneration and social security454/9 | - | - | - | €1,663 | - | - |
| Other amounts payable47/48 | €5,106 | €7,474 | €2,776 | €987 | €669 | ▼ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,103 | €6,695 | €6,987 | €10,580 | €35,959 | ▲ 240% |
| + Depreciation and write-downs630 | €3,446 | €5,848 | €7,110 | €10,543 | €11,500 | ▲ 9.1% |
| Operating cash flow (approximation) | €42,549 | €12,542 | €14,097 | €21,123 | €47,458 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€12,986 | -€4,499 | -€37,066 | -€5,473 | ▲ 85.2% |
| Change in cash | - | -€20,565 | €29,275 | -€4,185 | €37,191 | ▲ 989% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €150,000Eq €150,677 ▲31.3%
7 profitable years in a row build equity to €150,677.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100,000Eq €104,138 ▲7.2%
5 profitable years in a row build equity to €104,138.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €39,103 ▲355%
Operating result €57,591, net result €39,103, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €4,581
Net result €4,581 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gembloux · 1 establishment unit since 2007
Ground area
2,233 m²
Building footprint
182 m²
Parcel 92085A0044/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Nivelles, Mazy 58, 5032 Gembloux
since 20072.165.024.063
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92085A0044/00E000 | Wallonia | 2,233 m² | 1 · 182 m² | - |
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.
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Of 1,136 companies in this sector we hold annual accounts for 647. 518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
Contact
Phone
081/633664Gembloux
Fax
081/634616Gembloux
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.