Losses
-€343,825 in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
VINESCO
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €556,122 (2010)
-€38,244▲ €15,073
lowest -€188,430 (2008)
-€66,704▲ €14,194
peak €2.2m (2011)
€1.7m▼ 3.9%
€2.0m▼ 1.8%
peak 1 FTE (2006)
-not published
Board3 names since 2011
3 directorsAnne-Marie Vindevogel and 2 others
Documentsfilings and deeds
28-09-202659 days late
2025abbreviated format
Gross margin from -€53,317 to -€38,244Loss of €66,704
Key points
from the 2025 annual accountsFilings
49 annual accounts since 1977
Six of the last ten came late. The 2025 accounts came latest: 59 days after the end of the period.
Position in the sector
-€66,704
Lower net result than 95% of companies in other mining and quarrying. Sector median €24,315 · 41 companies.
Turnover not published (abbreviated or micro format)
Checked score
93
Excellent
Financially stronger than 44% of small companies in other mining and quarrying (NACE 08)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 40 companies (NACE 08, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 59 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €3.7m
Founded in 1977
Figures for financial year 2025 (filed on 01-10-2026)
Calculation
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 08, small). It does better than 45% of them on solvency, 95% on liquidity, 13% on profitability and 25% 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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as VINESCO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VINESCO itself: < 0.1% within 12 months.
Test of the method
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 8,617 companies, not a prediction for VINESCO. 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.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.64 in 2024), above the usual 1.5. Short-term debt is 13.5% and cash 11.1% of total assets. However, 54.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€66,704
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
28 days late
2023
14 days late
2022
42 days early
2021
38 days early
2020
27 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 08), the median for financial year 2024 was 21 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 August (4 of the last 5 accounts filed within 53 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417519474
Environmental permit refused
Aanleg van nieuwe verkeersweg, Het reliëf van de bodem aanmerkelijk wijzigen, Hoogstammige bomen vellen die geen deel uitmaken van een bos and 1 more · Departement Omgeving
3 directors reappointed
Jan Vindevogel (managing director), Jozef Vindevogel and Anne-Marie Vindevogel (managing director) · General meeting of 26-05-2023 · Gazette deed
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen · Kruisem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VINESCO Kruisem | - | - | 45.4% | - |
| BELLE ROCHE SABLAR Crisnée | €1.8m | 9.3% | 62.3% | 4.6 |
| KAULINDUS Bocholt | €0.1m | -73.5% | 6.6% | 1 |
| Limburgse Berggrinduitbating Antwerp | - | - | 44.8% | - |
| SODEVER Chaumont-Gistoux | - | - | 21.8% | - |
| Nieuwpoortse Handelsmaatschappij Nieuwpoort | €33.3m | 0.8% | 40.7% | 25.4 |
| EP Power Grit Dessel | €10.9m | -0.9% | 74.0% | 13 |
These companies have the same main activity as VINESCO: other mining and quarrying (NACE 08122). They are comparable in size and age: total assets between €649,000 and €15m, founded between 1975 and 1993.
Official details
Source: KBO- Status
- Active since 12-05-1977Normal situation
- Activity
- Other mining and quarryingNACE 08122and 1 other
- Establishment unit
- 2.013.652.4949770 Kruisem, since 12-05-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on VINESCO
VINESCO files the abbreviated format. That format states no turnover. The gross margin fell from €277,625 in 2006 to -€38,244 in 2025.
In July 2023, the Official Gazette published the appointment of Anne-Marie Vindevogel as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VINESCO
- What is the company number of VINESCO?
- The company number of VINESCO is 0417.519.474. The VAT number is the same number with BE in front: BE 0417.519.474.
- Where is VINESCO based?
- The registered office is at Ouwegemsesteenweg 215, 9770 Kruisem.Company details
- What does VINESCO do?
- According to the KBO register, the main activity is other mining and quarrying (NACE 08122).
- What is the legal form of VINESCO?
- VINESCO is a public limited company (NV).
- When was VINESCO founded?
- VINESCO was founded on 12-05-1977.
- Is VINESCO still active?
- Yes, VINESCO is an active enterprise in the KBO register.
- What is the turnover of VINESCO?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is VINESCO profitable?
- In financial year 2025, VINESCO made a loss of €66,704.
- Where can I find the annual accounts of VINESCO?
- VINESCO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VINESCO due?
- VINESCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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