VINEX
ActiveVINEX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-288k) and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
11
/ 100
Critical▼ -4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.47 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
-74.7%
Return on assets
0.6%
Age of the figures
8 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 15% of 114 sector peers (2025).
NBB · sector comparisonPosition among 114 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
1 d early
2023
30 d late
2022
83 d early
2021
24 d early
2020
18 d early
2019
66 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-288k▲ 0.9%
2024 · €-291k
2018: €51k
2019: €30k
2020: €40k
2021: €47k
2022: €-67k
2023: €-212k
2024: €-291k
2018 → 2025
Total assets
€386k▼ 3.4%
2024 · €400k
2018: €371k
2019: €288k
2020: €350k
2021: €337k
2022: €468k
2023: €419k
2024: €400k
2018 → 2025
Net result
€2k
2024 · €-79k
2018: €2k
2019: €-22k
2020: €10k
2021: €7k
2022: €-114k
2023: €-144k
2024: €-79k
2018 → 2025
Working capital
€-353k▼ 1.6%
2024 · €-348k
2018: €19k
2019: €9k
2020: €32k
2021: €32k
2022: €-108k
2023: €-265k
2024: €-348k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€-67k€-212k▼ 214%€-291k▼ 37.4%€-288k▲ 0.9%
Operating result€17k-€-98k€-133k▼ 35.8%€-73k▲ 45.4%€16k
Net result€7k-€-114k€-144k▼ 26.2%€-79k▲ 45.2%€2k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €73k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €386k
Fixed assets
€80k▼ 16.1%
Current assets
€306k▲ 0.6%
Key figures and ratios
EBITDA
€32k▲
2024 · €-57k
Cash flow
€18k▲
2024 · €-64k
Solvency
-74.7%▼
2024 · -72.8%
Current ratio
0.46▼
2024 · 0.47
Quick ratio
0.11▼
2024 · 0.11
Debt / equity
-2.34▲
2024 · -2.37
ROE
-0.9%▼
2024 · 27.2%
ROA
0.6%▲
2024 · -19.8%
Interest coverage
1.95▲
2024 · -4.38
Debt
€674k▼
2024 · €690k
Debt ≤ 1 year
€659k▲
2024 · €652k
Debt > 1 year
€15k▼
2024 · €39k
Staff costs
€23k▼
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€400k€386k▼
Fixed assets21/28€96k€80k▼
Tangible fixed assets22/27€96k€80k▼
Plant, machinery and equipment23€52k€42k▼
Furniture and vehicles24€133€0▼
Leasing and similar rights25€44k€38k▼
Current assets29/58€304k€306k▲
Stocks and contracts in progress3€229k€231k▲
Stocks30/36€229k€231k▲
Amounts receivable within one year40/41€55k€66k▲
Trade receivables40€20k€35k▲
Other amounts receivable41€36k€32k▼
Cash at bank and in hand54/58€611€0▼
Deferred charges and accrued income490/1€19k€9k▼
Equity and liabilities
Total equity and liabilities10/49€400k€386k▼
Equity10/15€-291k€-288k▲
Contributions10/11€20k€20k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€-341k€-338k▲
Amounts payable17/49€690k€674k▼
Amounts payable after more than one year17€39k€15k▼
Financial debts170/4€39k€15k▼
Amounts payable within one year42/48€652k€659k▲
Current portion of amounts payable after more than one year42€25k€25k▲
Financial debts43€80k€76k▼
Credit institutions430/8€80k€76k▼
Trade debts44€356k€324k▼
Suppliers440/4€356k€324k▼
Taxes, remuneration and social security45€6k-
Remuneration and social security454/9€6k-
Other amounts payable47/48€185k€234k▲
Income statement
Code20242025
Remuneration, social security and pensions62€57k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€66k€18k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€67k€73k▲
Operating profit (loss)9901€-73k€16k▲
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€-79k€2k▲
Profit (loss) for the period9904€-79k€2k▲
Profit (loss) for the period to be appropriated9905€-79k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-341k€-338k▲
Profit (loss) brought forward from the previous period14P€-261k€-341k▼
Social balance
Average headcount (FTE)90871.3-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-144k
Net result drops to €-144k, the lowest in the series; recovery starts the following year.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-01-2020
Resigned as Manager
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blauwesteenstraat 872550 KontichGround area
1.2 ha
Building footprint
2,304 m²
Volume, LiDAR
12,658 m³
2 parcels, Flanders · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Adolf Greinerstraat 12, 2660 Antwerpen
since 20102.193.292.734
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0243/00F003 | Flanders | 8,658 m² | 1 · 1,015 m² | 17.4 m · 4 fl. |
| 11602E0061/00W000 | Flanders | 3,823 m² | 1 · 1,289 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 31,131 EUR awarded · 31,131 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,931 EUR | 5,931 EUR |
| 2024 | 1 | 7,989 EUR | 7,989 EUR |
| 2023 | 1 | 10,175 EUR | 10,175 EUR |
| 2022 | 1 | 7,036 EUR | 7,036 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
WISH & WASH
BE 0877.116.560
Genk · Eq €62k
Mu-Tec
BE 0668.842.813
Lendelede · Eq €31k
FEEM GROUP
BE 0770.859.394
Antwerpen · Eq €72k
NIKAM
BE 0886.723.421
Rebecq · Eq €30k
VANCLEAN CHEMICALS
BE 0427.760.201
Zulte · Eq €27k
Of 89 companies in sector 20412 we hold annual accounts for 57. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2010
Fiscal year end31-12
Activities, NACEBEL
20412Manufacture of chemicals and chemical products
46442Wholesale trade
47783Retail trade
47784Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.