VINOCO
ActiveSummary
The computed 12-month bankruptcy probability of VINOCO is 2.3% (moderate). The 2024 annual accounts show equity of €346,701 and a net result of €105,473. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 1095 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+11
Solvency32=
Growth85▲+22
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.57 against 4.1 in 2023; short-term debt: 11.7% and cash: 4.9% of total assets), but 93.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 16% of 1095 sector peers (2024).
NBB · sector comparisonPosition among 1095 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 150 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 24-02-2026, 300 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
300 d late
2023
132 d late
2022
498 d late
2021
314 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 255 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.1m▲ 44.7%
2023 · €737,759
EBIT margin
20.2%▲ 6.7pp
2023 · 13.6%
Net result
€105,473
2023 · -€32,816
Working capital
€1.5m▲ 7.2%
2023 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€483,830-€505,348▲ 4.4%€686,661▲ 35.9%€737,759▲ 7.4%€1.1m▲ 44.7%
Operating result€20,755-€33,953▲ 63.6%-€92,392€100,185€216,012▲ 116%
Net result€14,767-€31,498▲ 113%-€122,992-€32,816▲ 73.3%€105,473
EBIT margin4.3%-6.7%▲ 2.4pp-13.5%▼ 20.2pp13.6%▲ 27.0pp20.2%▲ 6.7pp
Equity€16,767-€48,265▲ 188%€304,145▲ 530%€271,329▼ 10.8%€346,701▲ 27.8%
Total assets€423,181-€469,536▲ 11.0%€3.5m▲ 647%€3.7m▲ 6.9%€5.0m▲ 33.8%
Debt€406,413-€421,271▲ 3.7%€3.2m▲ 660%€3.5m▲ 8.5%€4.7m▲ 34.2%
Working capital€58,293--€182,456€1.7m€1.4m▼ 17.1%€1.5m▲ 7.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 116% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.0m
Fixed assets
€2.9m ▲ 54.5%
Current assets
€2.1m ▲ 12.6%
Equity and liabilities €5.0m
Equity
€346,701 ▲ 27.8%
Debt
€4.7m ▲ 34.2%
Debt's share of the balance-sheet total rises from 92.8% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€373,098▲
2023 · €225,167
Cash flow
€262,558▲
2023 · €92,167
Current ratio
3.57▼
2023 · 4.10
Quick ratio
3.50▼
2023 · 4.07
Debt to equity
13.45▲
2023 · 12.80
ROE
30.4%▲
2023 · -12.1%
ROA
2.1%▲
2023 · -0.9%
Interest coverage
3.13▲
2023 · 1.65
Debt ≤ 1 year
€584,291▲
2023 · €451,791
Debt > 1 year
€4.1m▲
2023 · €3.0m
Income taxes
€1,772▲
2023 · €1,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,600 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €483,830 | €505,348 | €686,661 | €737,759 | €1.1m | ▲ 44.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €406,357 | €560,458 | €424,152 | €533,956 | ▲ 25.9% |
| Remuneration, social security and pensions62 | - | €10,330 | €13,990 | €83 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,947 | €30,112 | €67,585 | €124,982 | €157,086 | ▲ 25.7% |
| Other operating charges640/8 | - | €24,596 | €137,019 | €88,356 | €160,723 | ▲ 81.9% |
| Gross operating margin9900 | €32,721 | €98,991 | €126,202 | €313,607 | €533,821 | ▲ 70.2% |
| Operating profit (loss)9901 | €20,755 | €33,953 | -€92,392 | €100,185 | €216,012 | ▲ 116% |
| Financial income75/76B | - | - | €4 | €4,441 | €10,345 | ▲ 133% |
| Recurring financial income75 | - | - | €4 | €4,441 | €10,345 | ▲ 133% |
| Financial charges65/66B | - | €2,455 | €20,697 | €136,168 | €119,113 | ▼ 12.5% |
| Recurring financial charges65 | €660 | €2,455 | €20,697 | €136,168 | €119,113 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €20,095 | €31,498 | -€113,085 | -€31,543 | €107,244 | ▲ 440% |
| Income taxes67/77 | €5,327 | - | €9,907 | €1,273 | €1,772 | ▲ 39.2% |
| Profit (loss) for the period9904 | €14,767 | €31,498 | -€122,992 | -€32,816 | €105,473 | ▲ 421% |
| Profit (loss) for the period to be appropriated9905 | €14,767 | €31,498 | -€122,992 | -€32,816 | €105,473 | ▲ 421% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €423,181 | €469,536 | €3.5m | €3.7m | €5.0m | ▲ 33.8% |
| Fixed assets21/28 | €72,613 | €285,587 | €1.3m | €1.9m | €2.9m | ▲ 54.5% |
| Tangible fixed assets22/27 | €72,613 | €285,587 | €1.3m | €1.9m | €2.9m | ▲ 54.5% |
| Land and buildings22 | - | €233,822 | €1.2m | €1.7m | €2.8m | ▲ 61.3% |
| Furniture and vehicles24 | - | €51,765 | €33,930 | €146,444 | €107,586 | ▼ 26.5% |
| Current assets29/58 | €350,568 | €183,949 | €2.2m | €1.9m | €2.1m | ▲ 12.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €334,604 | - |
| Other amounts receivable291 | - | - | - | - | €334,604 | - |
| Stocks and contracts in progress3 | €10,300 | €13,689 | €13,688 | €13,688 | €41,002 | ▲ 200% |
| Stocks30/36 | - | €13,689 | €13,688 | €13,688 | €41,002 | ▲ 200% |
| Amounts receivable within one year40/41 | €60,444 | €53,085 | €1.3m | €370,353 | €508,360 | ▲ 37.3% |
| Trade receivables40 | - | €53,085 | €359,600 | €70,353 | €408,282 | ▲ 480% |
| Other amounts receivable41 | - | - | €910,335 | €300,000 | €100,078 | ▼ 66.6% |
| Current investments50/53 | - | - | €511,671 | €950,009 | €950,009 | = |
| Cash at bank and in hand54/58 | €265,268 | €104,585 | €434,771 | €508,950 | €243,292 | ▼ 52.2% |
| Deferred charges and accrued income490/1 | - | €12,590 | €18,298 | €10,889 | €9,607 | ▼ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €423,181 | €469,536 | €3.5m | €3.7m | €5.0m | ▲ 33.8% |
| Equity10/15 | €16,767 | €48,265 | €304,145 | €271,329 | €346,701 | ▲ 27.8% |
| Contributions10/11 | €2,000 | €2,000 | €380,872 | €380,872 | €350,771 | ▼ 7.9% |
| Profit (loss) carried forward14 | €14,767 | €46,265 | -€76,727 | -€109,542 | -€4,070 | ▲ 96.3% |
| Amounts payable17/49 | €406,413 | €421,271 | €3.2m | €3.5m | €4.7m | ▲ 34.2% |
| Amounts payable after more than one year17 | €114,138 | €54,866 | €2.6m | €3.0m | €4.1m | ▲ 35.0% |
| Financial debts170/4 | - | €54,866 | €2.6m | €3.0m | €4.1m | ▲ 35.0% |
| Amounts payable within one year42/48 | €292,275 | €366,405 | €557,372 | €451,791 | €584,291 | ▲ 29.3% |
| Current portion of amounts payable after more than one year42 | - | €59,482 | €82,787 | €52,097 | €116,878 | ▲ 124% |
| Trade debts44 | €28,002 | €34,778 | €32,037 | €32,457 | €102,320 | ▲ 215% |
| Suppliers440/4 | - | €34,778 | €32,037 | €32,457 | €102,320 | ▲ 215% |
| Taxes, remuneration and social security45 | - | €20,858 | €77,068 | €45,129 | €63,604 | ▲ 40.9% |
| Taxes450/3 | - | €20,565 | €74,118 | €45,129 | €63,604 | ▲ 40.9% |
| Remuneration and social security454/9 | - | €293 | €2,950 | - | - | - |
| Other amounts payable47/48 | - | €251,287 | €365,480 | €322,109 | €301,489 | ▼ 6.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,767 | €31,498 | -€122,992 | -€32,816 | €105,473 | ▲ 421% |
| + Depreciation and write-downs630 | €8,947 | €30,112 | €67,585 | €124,982 | €157,086 | ▲ 25.7% |
| Operating cash flow (approximation) | €23,714 | €61,610 | -€55,407 | €92,167 | €262,558 | ▲ 185% |
| Investment in fixed assets (approximation) | - | -€243,086 | -€1.0m | -€759,835 | -€1.2m | ▼ 56.4% |
| Change in cash | - | -€160,683 | €330,186 | €74,178 | -€265,658 | ▼ 458% |
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
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 300 days late
2025
21-11
State Gazette act
General meeting · Director appointment
Mandate compensation · Power of attorney
2024
30-09
Financial
Back to profitnet €105,473
Net result €105,473 after 2 loss-making years.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 132 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 498 days late
2023
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 314 days late
2022
30-09
Financial
Weakest financial yearnet -€122,992
Net result drops to -€122,992, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 8current ratio 4.03
Current ratio from 0.50 to 4.03.
30-09
Financial
Equity above €200,000Eq €304,145 ▲530%
Equity rises from €48,265 to €304,145.
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-10
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek · 1 establishment unit since 2020
Ground area
1,609 m²
Building footprint
453 m²
Volume, LiDAR
2,225 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Bosch 127, 1780 Wemmel
since 20202.301.319.258
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0273/00K000 | Flanders | 1,534 m² | 1 · 389 m² | 6.8 m · 1 fl. |
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
FEDERATION BELGE DU COMMERCE ET DES SERVICES
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
19 locations · open bankruptcy
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 4,652 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-2020
Fiscal year end30-09
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746439744
Also
9925:BE0746439744
Registered
19-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.