VINEYARD
ActiveSummary
VINEYARD has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €53,618. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 3.58 against 6.2 in 2024; short-term debt: 21.8% and cash: 8.6% of total assets), and 21.8% 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
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 · 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 →
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
78.2%
Return on assets
2%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-11-2025, 13 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
13 d late
2024
12 d late
2023
27 d late
2022
4 d late
2021
2 d early
2020
23 d late
2019
4 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 12 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 31-03-2026 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, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.1m▲ 2.7%
2024 · €2.0m
Total assets
€2.6m▲ 14.6%
2024 · €2.3m
Net result
€53,618▲ 5.4%
2024 · €50,887
Working capital
€1.5m▲ 4.8%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€220,435=€181,807▼ 17.5%€227,901▲ 25.4%€84,035▼ 63.1%€71,000▼ 15.5%
Net result€150,668=€126,490within the sector's middle half▼ 16.0%€155,352within the sector's middle half▲ 22.8%€50,887within the sector's middle half▼ 67.2%€53,618within the sector's middle half▲ 5.4%
Equity€1.7m▲ 4.2%€1.8mabove the sector's middle half▲ 7.5%€2.0mabove the sector's middle half▲ 8.6%€2.0mabove the sector's middle half▲ 2.6%€2.1mabove the sector's middle half▲ 2.7%
Total assets€2.3m▲ 18.6%€3.2mabove the sector's middle half▲ 39.2%€3.0mabove the sector's middle half▼ 7.2%€2.3mwithin the sector's middle half▼ 21.7%€2.6mabove the sector's middle half▲ 14.6%
Debt€588,461▲ 98.0%€1.4m▲ 133%€986,496▼ 28.1%€295,081▼ 70.1%€577,915▲ 95.8%
Working capital€1.5m▲ 4.3%€1.1m▼ 23.8%€1.3m▲ 17.5%€1.4m▲ 6.0%€1.5m▲ 4.8%
Solvency73.6%▼ 10.2pp56.9%within the sector's middle half▼ 16.8pp66.6%within the sector's middle half▲ 9.7pp87.2%above the sector's middle half▲ 20.7pp78.2%above the sector's middle half▼ 9.1pp
Staff (FTE)
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€583,541 ▼ 5.7%
Current assets
€2.1m ▲ 22.0%
Equity and liabilities €2.6m
Equity
€2.1m ▲ 2.7%
Debt
€577,915 ▲ 95.8%
Debt's share of the balance-sheet total rises from 12.8% to 21.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106,410▼
2024 · €118,104
Cash flow
€89,028▲
2024 · €84,956
Current ratio
3.58▼
2024 · 6.20
Quick ratio
1.91▲
2024 · 1.08
Debt to equity
0.28▲
2024 · 0.15
ROE
2.6%▲
2024 · 2.5%
ROA
2.0%▼
2024 · 2.2%
Interest coverage
86.34▲
2024 · 5.17
Debt ≤ 1 year
€577,079▲
2024 · €272,653
Income taxes
€17,213▼
2024 · €17,318
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 14,684 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,336 | €31,798 | €33,909 | €34,069 | €35,410 | ▲ 3.9% |
| Other operating charges640/8 | - | €5,205 | €6,292 | €6,787 | €7,234 | ▲ 6.6% |
| Gross operating margin9900 | €227,802 | €218,810 | €268,102 | €124,891 | €113,644 | ▼ 9.0% |
| Operating profit (loss)9901 | €220,435 | €181,807 | €227,901 | €84,035 | €71,000 | ▼ 15.5% |
| Financial income75/76B | - | €925 | €906 | €7,023 | €1,063 | ▼ 84.9% |
| Recurring financial income75 | €3,253 | €925 | €906 | €7,023 | €1,063 | ▼ 84.9% |
| Financial charges65/66B | - | €11,791 | €21,342 | €22,853 | €1,232 | ▼ 94.6% |
| Recurring financial charges65 | €708 | €11,791 | €21,342 | €22,853 | €1,232 | ▼ 94.6% |
| Profit (loss) for the period before taxes9903 | €221,188 | €170,941 | €207,466 | €68,205 | €70,831 | ▲ 3.9% |
| Transfer from deferred taxes780 | - | €13,885 | - | - | - | - |
| Income taxes67/77 | €70,520 | €58,336 | €52,113 | €17,318 | €17,213 | ▼ 0.6% |
| Profit (loss) for the period9904 | €150,668 | €126,490 | €155,352 | €50,887 | €53,618 | ▲ 5.4% |
| Transfer from tax-exempt reserves789 | - | €32,398 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €150,348 | €158,888 | €155,352 | €50,887 | €53,618 | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.2m | €3.0m | €2.3m | €2.6m | ▲ 14.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €200,324 | €679,647 | €645,739 | €618,951 | €583,541 | ▼ 5.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €197,317 | €676,640 | €642,732 | €615,944 | €580,534 | ▼ 5.7% |
| Land and buildings22 | - | €616,489 | €595,920 | €582,190 | €560,232 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €1,847 | €1,393 | €1,220 | €654 | ▼ 46.4% |
| Furniture and vehicles24 | - | €58,305 | €45,419 | €32,534 | €19,648 | ▼ 39.6% |
| Financial fixed assets28 | €3,032 | €3,007 | €3,007 | €3,007 | €3,007 | = |
| Current assets29/58 | €2.1m | €2.5m | €2.3m | €1.7m | €2.1m | ▲ 22.0% |
| Stocks and contracts in progress3 | €1.4m | €2.0m | €999,714 | €1.4m | €961,589 | ▼ 31.1% |
| Stocks30/36 | - | €2.0m | €999,714 | €1.4m | €961,589 | ▼ 31.1% |
| Amounts receivable within one year40/41 | €64,581 | €54,330 | €913,262 | €72,917 | €870,415 | ▲ 1,094% |
| Trade receivables40 | - | €8,829 | €865,430 | - | €793,627 | - |
| Other amounts receivable41 | - | €45,501 | €47,832 | €72,917 | €76,789 | ▲ 5.3% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €668,265 | €449,758 | €389,190 | €219,278 | €228,059 | ▲ 4.0% |
| Deferred charges and accrued income490/1 | - | €4,730 | €3,105 | €3,218 | €3,329 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.2m | €3.0m | €2.3m | €2.6m | ▲ 14.6% |
| Equity10/15 | €1.7m | €1.8m | €2.0m | €2.0m | €2.1m | ▲ 2.7% |
| Contributions10/11 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Capital10 | - | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Issued capital100 | - | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Reserves13 | €1.5m | €1.6m | €1.8m | €1.8m | €1.9m | ▲ 2.9% |
| Non-distributable reserves130/1 | - | €73,000 | €73,000 | €73,000 | €73,000 | = |
| Legal reserve130 | - | €73,000 | €73,000 | €73,000 | €73,000 | = |
| Tax-exempt reserves132 | - | €638 | €638 | €638 | €638 | = |
| Distributable reserves133 | - | €1.5m | €1.7m | €1.8m | €1.8m | ▲ 3.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Provisions and deferred taxes16 | €13,885 | - | - | - | - | - |
| Amounts payable17/49 | €588,461 | €1.4m | €986,496 | €295,081 | €577,915 | ▲ 95.8% |
| Amounts payable within one year42/48 | €588,461 | €1.4m | €966,335 | €272,653 | €577,079 | ▲ 112% |
| Trade debts44 | €566 | - | €4 | €3,007 | €30 | ▼ 99.0% |
| Suppliers440/4 | - | - | €4 | €3,007 | €30 | ▼ 99.0% |
| Advances received on contracts in progress46 | - | €787,011 | €400,854 | €263,488 | €395,350 | ▲ 50.0% |
| Taxes, remuneration and social security45 | - | €75,448 | €73,485 | €3,750 | €174,979 | ▲ 4,566% |
| Taxes450/3 | - | €75,448 | €73,485 | €3,750 | €174,979 | ▲ 4,566% |
| Other amounts payable47/48 | - | €498,737 | €491,992 | €2,408 | €6,719 | ▲ 179% |
| Accrued charges and deferred income492/3 | - | €10,157 | €20,161 | €22,427 | €837 | ▼ 96.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €150,668 | €126,490 | €155,352 | €50,887 | €53,618 | ▲ 5.4% |
| + Depreciation and write-downs630 | €4,336 | €31,798 | €33,909 | €34,069 | €35,410 | ▲ 3.9% |
| Operating cash flow (approximation) | €155,004 | €158,288 | €189,261 | €84,956 | €89,028 | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | -€511,122 | €0 | -€7,281 | €0 | ▲ 100% |
| Change in cash | - | -€218,507 | -€60,569 | -€169,912 | €8,780 | ▲ 105% |
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
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
31-03
Financial
Weakest financial yearnet €50,887 ▼67.2%
Net result drops to €50,887, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 6.20
Current ratio from 2.39 to 6.20; short-term debt falls from €966,335 to €272,653.
31-03
Financial
Equity above €2mEq €2.0m ▲2.6%
6 profitable years in a row build equity to €2.0m.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1987
Ground area
1,583 m²
Building footprint
346 m²
Volume, LiDAR
2,090 m³
Parcel 34352C0394/00Z000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VINEYARD NV
since 19872.029.780.428
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352C0394/00Z000 | Flanders | 1,583 m² | 1 · 346 m² | 9.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.029.780.428
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BYJULIET
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Of 1,049 companies in sector 46341 we hold annual accounts for 535. 202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-1987
Fiscal year end31-03
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431589919
Also
9925:BE0431589919
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Omzetting kapitaal in euro. 2. Voorstel tot kapitaalverhoging met S 66 053,24 tot S 190 000,00 door opname uit beschikbare reserves zonder creatie van nieuwe aandelen. 3. Aanvaarding van nieuwe tekst van de statuten om die in overeenstemming te brengen met de voorafgaande beslissingen en het Wetboek van vennootschappen. 4. ontslag bestuurders - benoeming bestuurders. 5. Machten aan raad van bestuur tot uitvoering van de besluiten. Om toegelaten te worden tot de vergadering dienen de aandeelhou- ders zich te schikken naar de wettelijke en statutaire bepalingen. Een eerste vergadering met zelfde agenda is bijeen gekomen op het kantoor van geassocieerde notarissen Ignace & Stéphane Saey, te ...