Equity
Equity rose in 2025 from €98,525 to €184,502.
Equity rose in 2025 from €98,525 to €184,502.
The micro format states no turnover.
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
Fewer than 1 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 69, micro). It does better than 87% of them on solvency, 85% on liquidity, 82% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 39,278 companies had the same profile as VINDEV has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VINDEV itself is lower: < 0.1% within 12 months. It rests on far more data about VINDEV than the profile alone.
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 39,278 companies, not a prediction for VINDEV. 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 4.36 (3.72 in 2024), above the usual 1.5. Short-term debt is 23% and cash 64.2% of total assets. 23% 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 3 accounts on average 61 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VINDEV Waasmunster | €239,494 | €111,661 | 77.0% | - |
| DX2 Consultancy Stabroek | €228,013 | €108,813 | 83.1% | - |
| Tax-Minded Londerzeel | €240,044 | €115,948 | 84.9% | - |
| CONSULTRIKS Butgenbach | €220,492 | €95,517 | 44.0% | - |
| ClaudiUS TACS Leuven | €262,858 | €150,782 | 73.8% | - |
| Paperbox Accounting BV Rumst | €181,543 | €87,862 | 43.5% | 0.8 |
| CGS ACCOUNTING Ans | €206,500 | €160,064 | 64.2% | - |
These companies have the same main activity as VINDEV: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €182,000 and €263,000, founded in 2023.
VINDEV files the micro format. That format states no turnover. The gross margin rose from €29,945 in 2023 to €111,661 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €250,000.
Higher than 74% of 15,824 companies in 2025.
Higher than 74% of 15,596 companies in 2025.
Higher than 73% of 15,713 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
239,494 | 134,696 | 40,986 | |
29/58 |
239,494 | 134,696 | 40,986 | |
40/41 |
12,100 | 12,747 | 13,037 | |
40 |
12,100 | 12,747 | 11,798 | |
41 |
- | 0 | 1,239 | |
50/53 |
72,646 | 29,720 | - | |
54/58 |
153,848 | 91,895 | 27,517 | |
490/1 |
900 | 334 | 432 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
239,494 | 134,696 | 40,986 | |
10/15 |
184,502 | 98,525 | 25,293 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
181,502 | 95,525 | 22,293 | |
133 |
181,502 | 95,525 | 22,293 | |
14 |
0 | 0 | 0 | |
17/49 |
54,992 | 36,172 | 15,693 | |
42/48 |
54,992 | 36,172 | 15,693 | |
44 |
915 | 668 | 312 | |
440/4 |
915 | 668 | 312 | |
45 |
50,109 | 34,143 | 14,821 | |
450/3 |
50,109 | 34,143 | 14,821 | |
47/48 |
3,968 | 1,360 | 560 | |
| Income statement | ||||
9900 |
111,661 | 94,830 | 29,945 | |
640/8 |
1,371 | 947 | 179 | |
9901 |
110,290 | 93,883 | 29,766 | |
75/76B |
245 | 164 | 0 | |
75 |
245 | 164 | 0 | |
65/66B |
1,356 | 799 | 99 | |
65 |
1,356 | 799 | 99 | |
9903 |
109,179 | 93,248 | 29,667 | |
67/77 |
23,201 | 19,183 | 6,575 | |
9904 |
85,978 | 74,065 | 23,093 | |
9905 |
85,978 | 74,065 | 23,093 | |
| Appropriation of the result | ||||
9906 |
85,978 | 74,065 | 23,093 | |
691/2 |
85,978 | 73,232 | 22,293 | |
6921 |
85,978 | 73,232 | 22,293 | |
694/7 |
0 | 833 | 800 | |
694 |
0 | 833 | 800 | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-02-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 61,953 | 64,378 | - | ||
| 184,502 | 98,525 | 25,293 | ||
| 77.0% | 73.1% | 61.7% | ||
| 4.36 | 3.72 | 2.61 | ||
| 0.30 | 0.37 | 0.62 | ||
| 46.6% | 75.2% | 91.3% | ||
| 35.9% | 55.0% | 56.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 17% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 26.9% to 23.0%. Equity and debt are higher.
VINDEV has no parent and no holdings in its annual accounts. DE VLIEGER Vincent is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 24 April 2023, VINDEV was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 DE VLIEGER Vincent has served as director since 2023.3 Total assets went from €40,986 in 2023 to €239,494 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Heeskouter 6 registered office 9250 Waasmunster 6920111 Certified accountants and tax accountants | 24-04-2023 | 2.344.597.193 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42023A2161/00H000 | 359 m² | 1 · 94 m² | 0.0 m |
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