Summary
VINMAX is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €264,317 and a net result of €182,905. Equity has been growing by about 79% per year since 2023. Its solvency ranks better than 32% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-09-2022 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.335.365.367 3730 Bilzen-Hoeselt, since 12-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
Board
- THOONEN TaraDirector
- VANDERBIESEN Stijn Arthur Peter BertDirector
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €182,905
- Equity
- €264,317
- ▲ 225%
- Total assets
- €904,148
- ▼ 0.3%
- 2025 accounts filed 90 days after the deadline
Signalsraises risk2025 accounts filed 90 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 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 · 3 filingsDeviation from the deadline
2025
90 days late
2024
29 days late
2023
49 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 56 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 19 September (3 of the last 3 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 90 days after the deadline Filed on 29 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00571955.
Annual accounts 2025 filed on 29-10-2026 at the NBB all 3 filings
Equity
€264,317▲ 225%
2024 · €81,412
Net result
€182,905
2024 · -€21,392
Total assets
€904,148▼ 0.3%
2024 · €907,062
Solvency
29.2%▲ 20.3pp
2024 · 9.0%
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
no figure
2025
20232025
Operating result
-€6,870
▼ 18.2%
2025
20232025
Net result
€182,905
2025
highest quarter of the sector
20232025
Equity
€264,317
▲ 225%
2025
middle half of the sector
20232025
Total assets
€904,148
▼ 0.3%
2025
highest quarter of the sector
20232025
Debt
€639,831
▼ 22.5%
2025
20232025
Working capital
-€359,787
▲ 20.3%
2025
lowest quarter of the sector
20232025
Solvency
29.2%
▲ 20.3pp
2025
middle half of the sector
20232025
Current ratio
0.00
=
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
20.2%
▲ 22.6pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€774-
Operating result-€7,881--€5,811▲ 26.3%-€6,870▼ 18.2%
Net result€92,803above the sector's middle half--€21,392below the sector's middle half€182,905above the sector's middle half
Equity€102,803within the sector's middle half-€81,412within the sector's middle half▼ 20.8%€264,317within the sector's middle half▲ 225%
Total assets€910,756above the sector's middle half-€907,062above the sector's middle half▼ 0.4%€904,148above the sector's middle half▼ 0.3%
Debt€807,953-€825,651▲ 2.2%€639,831▼ 22.5%
Working capital-€338,621below the sector's middle half--€451,353below the sector's middle half▼ 33.3%-€359,787below the sector's middle half▲ 20.3%
Solvency11.3%below the sector's middle half-9.0%below the sector's middle half▼ 2.3pp29.2%within the sector's middle half▲ 20.3pp
Current ratio0.01below the sector's middle half-0.01below the sector's middle half▼ 0.010.00below the sector's middle half=
Return on assets (ROA)10.2%within the sector's middle half--2.4%below the sector's middle half▼ 12.5pp20.2%within the sector's middle half▲ 22.6pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €6,870, larger than the loss of €5,811 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €904,148
Fixed assets
€902,675 ▼ 0.2%
Current assets
€1,473 ▼ 48.7%
Equity and liabilities €904,148
Equity
€264,317 ▲ 225%
Debt
€639,831 ▼ 22.5%
Debt's share of the balance-sheet total falls from 91.0% to 70.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
69.2%▲
2024 · -26.3%
Debt ≤ 1 year
€361,260▼
2024 · €454,222
Debt > 1 year
€278,571▼
2024 · €371,429
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €6,967 | - | - |
| Financial fixed assets | €900,000 | - | - |
| Depreciation and write-downs of the year | €1,257 | €1,518 | €1,518 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €774 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €7,398 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,257 | €1,518 | €1,518 | = |
| Other operating charges640/8 | - | €124 | €1,060 | ▲ 755% |
| Gross operating margin9900 | -€6,624 | -€4,169 | -€4,291 | ▼ 2.9% |
| Operating profit (loss)9901 | -€7,881 | -€5,811 | -€6,870 | ▼ 18.2% |
| Financial income75/76B | €137,184 | €0 | €202,758 | - |
| Recurring financial income75 | €137,184 | €0 | €202,758 | - |
| Financial charges65/66B | €36,500 | €15,581 | €12,983 | ▼ 16.7% |
| Recurring financial charges65 | €36,500 | €15,581 | €12,983 | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | €92,803 | -€21,392 | €182,905 | - |
| Profit (loss) for the period9904 | €92,803 | -€21,392 | €182,905 | - |
| Profit (loss) for the period to be appropriated9905 | €92,803 | -€21,392 | €182,905 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €910,756 | €907,062 | €904,148 | ▼ 0.3% |
| Fixed assets21/28 | €905,710 | €904,193 | €902,675 | ▼ 0.2% |
| Tangible fixed assets22/27 | €5,710 | €4,193 | €2,675 | ▼ 36.2% |
| Furniture and vehicles24 | €5,710 | €4,193 | €2,675 | ▼ 36.2% |
| Financial fixed assets28 | €900,000 | €900,000 | €900,000 | = |
| Current assets29/58 | €5,046 | €2,870 | €1,473 | ▼ 48.7% |
| Amounts receivable within one year40/41 | €126 | €381 | €255 | ▼ 33.1% |
| Other amounts receivable41 | €126 | €381 | €255 | ▼ 33.1% |
| Cash at bank and in hand54/58 | €4,920 | €2,489 | €1,218 | ▼ 51.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €910,756 | €907,062 | €904,148 | ▼ 0.3% |
| Equity10/15 | €102,803 | €81,412 | €264,317 | ▲ 225% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €92,803 | €71,412 | €254,317 | ▲ 256% |
| Distributable reserves133 | €92,803 | €71,412 | €254,317 | ▲ 256% |
| Amounts payable17/49 | €807,953 | €825,651 | €639,831 | ▼ 22.5% |
| Amounts payable after more than one year17 | €464,286 | €371,429 | €278,571 | ▼ 25.0% |
| Financial debts170/4 | €464,286 | €371,429 | €278,571 | ▼ 25.0% |
| Amounts payable within one year42/48 | €343,667 | €454,222 | €361,260 | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | €92,857 | €92,857 | €92,857 | = |
| Trade debts44 | €810 | €810 | €1,173 | ▲ 44.8% |
| Suppliers440/4 | €810 | €810 | €1,173 | ▲ 44.8% |
| Other amounts payable47/48 | €250,000 | €360,555 | €267,229 | ▼ 25.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,803 | -€21,392 | €182,905 | - |
| + Depreciation and write-downs630 | €1,257 | €1,518 | €1,518 | = |
| Operating cash flow (approximation) | €94,060 | -€19,874 | €184,423 | - |
| Investment in fixed assets (approximation) | - | -€1 | €0 | - |
| Change in cash | - | -€2,431 | -€1,271 | ▲ 47.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
2 directors, no change since 2022
THOONEN Tara
Current
Director (not named in the articles) · appointed in the act of 14-09-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 29-10-2026
VANDERBIESEN Stijn Arthur Peter Bert
Current
Director (not named in the articles) · appointed in the act of 14-09-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 29-10-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 14-09-2022Owners and capital
Shareholders
At incorporation
act of 14-09-2022 ↗
- VANDERBIESEN Stijn Arthur Peter Bert 50 shares (50%) · €5,000
- THOONEN Tara 50 shares (50%) · €5,000
Capital transactions
Capital over time
- 14-09-2022 Incorporation · €10,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| THOONEN Tara |
|
| VANDERBIESEN Stijn Arthur Peter Bert |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 14-09-2022 (in Dutch)
Network & group
Companies at the same address
1 other companyConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-10
micro format · 90 days late
2025
31-12
Financial
Back to profitnet €182,905
The net result is €182,905, after one loss-making year.
31-12
Financial
Equity above €200,000equity €264,317 ▲225%
Equity rises from €81,412 to €264,317.
29-08
micro format · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€21,392
The net result drops to -€21,392, the lowest from 2023 to 2025. It recovers the following year.
18-09
micro format · 49 days late
2022
14-09
Gazette deed
IncorporationStarting capital €10,000 · Appointments: VANDERBIESEN Stijn Arthur Peter Bert (director) and THOONEN Tara (director) · Founder8 points ▸
Gazette deed
Incorporation
Starting capital €10,000 · Appointments: VANDERBIESEN Stijn Arthur Peter Bert (director) and THOONEN Tara (director) · Founder8 points ▸
- Incorporation, 12-09-2022
- Founder, VANDERBIESEN Stijn Arthur Peter Bert
- Founder, THOONEN Tara
- Founding capital, €10,000
- Bank account, “vennootschap in oprichting, deponering inbreng” (deed in Dutch)
- Director appointment, VANDERBIESEN Stijn Arthur Peter Bert (director (not named in the articles))
- Director appointment, THOONEN Tara (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VINMAX in Dutch
Enterprise number
0790.692.134
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-09-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-09-2022 (in Dutch)Registered office and establishments
Registered office
Bilzersteenweg 7, 3730 Bilzen-Hoeselt, Belgium
Establishment unit
VINMAX, Bilzersteenweg 7, 3730 Bilzen-Hoeselt since 12-09-2022 · unit number 2.335.365.367
E-mail
tara@glasexpress.beBilzen-Hoeselt
Phone
089514448Bilzen-Hoeselt
Activities
NACEBEL 202564210
Activities of holding companies main activity
70200
Business and other management consultancy
Codes under NACEBEL 2008
64200
Holdings main activity
70220
Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 14-09-2022 (in Dutch)
“1/Onderneming in onroerende goederen,welke onder meer omvat:de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de…”
11 activities
- 1/Onderneming in onroerende goederen,welke onder meer omvat:de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,evenals alle welkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van de onroerende leasing.
- 2/Onderneming voor het beheer van eigen beleggingen en vermogens.
- 3/De participatie,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere;de verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopoptie,verhandeling,of op iedere andere wijze.
- 4/Het op lange termijn aanhouden van aandelen die afkomstig zijn van andere bedrijven op grond van bezit of controle over maatschappelijk kapitaal.
- 5/Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht en het verschaffen van informatie aan de bedrijfsleiding.
- 6/Managementactiviteiten van holdings,tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven.
- 7/Het verlenen aan de ondernemingen waarin zij deelneemt en aan derden,al dan niet bezoldigd,van alle bijstand,hetzij technisch,industrieel,commercieel of administratief,hetzij financieel,met inbegrip van de borgstelling,avalgeving,of inpandgeving van onroerende goederen.
- 8/De verwerving en de uitbating van brevetten en licenties.
- 9/Tussenpersoon in de handel,als makelaar in goederen,als zelfstandige handelsvertegenwoordiger en als commissionair.
- 10/De uitbating van een bureau voor nijverheidsstudies.
- 11/De agentuur bij het afsluiten van verzekeringen,hypotheken,financieringen en projectontwikkeling.
Invoicing and payment
VAT number
BE 0790.692.134
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 17:00
deed of 14-09-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,265 m²
Building footprint
563 m²
Building volume
3,125 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73032G0484/00G002 | Flanders | 1,265 m² | 1 · 563 m² | 9.5 m · 2 |