Financials
- Fiscal year
- 2025
- Turnover
- €777,174
- Loss
- -€1,123
- Solvency
- 89.8%
Turnover▲ 15.3%
Net result
20182025
VINKENEST
ActiveSummary
VINKENEST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.3m and a net result of -€1,123. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25210
#8 company by equity in Harelbeke, Manufacturing sector1 site
Size
€777,174turnover 2025
- Equity
- €13.3m
- Loss
- -€1,123
Equity +95%: capital increase
Structure
- Parent
- VYNCKE - A Family of Companies · 100%
- Board
- 1 member
Auditor: Ernst & Young BedrijfsrevisorenAccounts 17 d early
Why 99- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Liquidity: current ratio 10.29, cash €3.2m+ Founded in 1992+ Size: turnover €777,174, total assets €14.8mShow the evidence
Checked score
Score 2025
99
/ 100
Excellent
Probability in this band: under 0.55%
Better than 88% of its sector peers (NACE 25, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100+16
equity 89.8% of total assets
Liquidity
77+38
short-term debt 2.1% · cash 21.5%
Profitability
75+2
return on assets 0.0%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%▼ -1.9% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%▼ -1.9% vs 01-2025
03-2025: 0.1%▲ +13.7% vs 02-2025
04-2025: 0.1%▲ +8.6% vs 03-2025
05-2025: 0.1%▲ +4.8% vs 04-2025
06-2025: 0.1%▲ +1.5% vs 05-2025
07-2025: 0.1%▲ +61.2% vs 06-2025
08-2025: 0.2%▲ +74.1% vs 07-2025
09-2025: 0.2%● 0.0% vs 08-2025
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%▼ -2.7% vs 01-2026
03-2026: 0.2%▲ +11.5% vs 02-2026
04-2026: 0.2%▲ +9.8% vs 03-2026
05-2026: 0.2%▲ +4.0% vs 04-2026
06-2026: 0.2%▼ -6.0% vs 05-2026
07-2026: 0.2%▲ +10.0% vs 06-2026highest value
08-2026: < 0.1%▼ -86.7% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 10.29, cash €3.2m lowers the probability
- Founded in 1992 lowers the probability for this profile
- Size: turnover €777,174, total assets €14.8m lowers the probability for this profile
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 10.29 against 0.03 in 2024; short-term debt: 2.1% and cash: 21.5% of total assets), and 10.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, medium-sized). Better than this share of them on solvency 95%, liquidity 94%, profitability 74%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
22 d early
2022
32 d early
2021
18 d early
2020
25 d early
2019
1 d early
← 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 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Liquidity times 382current ratio 10.29
- Equity above €10mEq €13.3m ▲95.2%
Key points
By topic
Board & ownership
- Board
- 1 member
- Parent
- VYNCKE - A Family… · 100%
- Known shareholders
- 100%
- Auditor
- Ernst & Young Bedrijfsrevisoren
Go to Board & ownership
Timeline
- Events
- 33
- Since
- 2010
- Next accounts
- by 31-07-2027
- 14-07-2026Annual accounts filed
- 31-12-2025Liquidity times 382
- 31-12-2025Equity above €10m
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of fabricated metal products, except machinery and…NACE 25210
- Founded
- 23-06-1992
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Beheer van het eigen patrimonium, studie, onderzoek, bijstand, uitvoering en advies inzake…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.