VINOR
ActiveSummary
VINOR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €259,023 and a net result of €249,012. Equity is growing by ~15.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency53▼-40
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 3.11 in 2023; short-term debt: 50.1% and cash: 18% of total assets), and 72.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
35 d early
2022
25 d late
2021
39 d early
2020
25 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€259,023▼ 36.8%
2023 · €410,011
Total assets
€928,911▲ 54.5%
2023 · €601,375
Net result
€249,012▲ 22.8%
2023 · €202,714
Working capital
€187,094▼ 53.7%
2023 · €404,237
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
Operating result€180,933▲ 53.3%€209,034▲ 15.5%€277,254▲ 32.6%€269,337▼ 2.9%€321,457▲ 19.4%
Net result€142,206▲ 53.0%€161,036▲ 13.2%€211,801▲ 31.5%€202,714▼ 4.3%€249,012▲ 22.8%
Equity€302,265▲ 88.8%€323,702▲ 7.1%€393,297▲ 21.5%€410,011▲ 4.2%€259,023▼ 36.8%
Total assets€347,527▲ 84.0%€425,943▲ 22.6%€544,846▲ 27.9%€601,375▲ 10.4%€928,911▲ 54.5%
Debt€45,262▲ 56.8%€102,242▲ 126%€151,549▲ 48.2%€191,365▲ 26.3%€669,888▲ 250%
Working capital€298,609▲ 87.5%€320,703▲ 7.4%€390,956▲ 21.9%€404,237▲ 3.4%€187,094▼ 53.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €928,911
Fixed assets
€276,674 ▲ 4,692%
Current assets
€652,237 ▲ 9.5%
Equity and liabilities €928,911
Equity
€259,023 ▼ 36.8%
Debt
€669,888 ▲ 250%
Debt's share of the balance-sheet total rises from 31.8% to 72.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€327,064▲
2023 · €270,261
Cash flow
€254,619▲
2023 · €203,638
Current ratio
1.40▼
2023 · 3.11
Debt to equity
2.59▲
2023 · 0.47
ROE
96.1%▲
2023 · 49.4%
ROA
26.8%▼
2023 · 33.7%
Interest coverage
100.73▼
2023 · 4183.60
Debt ≤ 1 year
€465,143▲
2023 · €191,365
Debt > 1 year
€204,745
Income taxes
€76,578▲
2023 · €68,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 2,677 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,060 | €1,670 | €2,113 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €431 | €657 | €657 | €924 | €5,606 | ▲ 507% |
| Other operating charges640/8 | - | €639 | €472 | €520 | €3,742 | ▲ 620% |
| Gross operating margin9900 | €184,569 | €212,390 | €280,053 | €272,894 | €330,806 | ▲ 21.2% |
| Operating profit (loss)9901 | €180,933 | €209,034 | €277,254 | €269,337 | €321,457 | ▲ 19.4% |
| Financial income75/76B | - | - | €455 | €1,574 | €7,379 | ▲ 369% |
| Recurring financial income75 | €2,096 | - | €455 | €1,574 | €7,379 | ▲ 369% |
| Financial charges65/66B | - | €39 | €789 | €65 | €3,247 | ▲ 4,926% |
| Recurring financial charges65 | €40 | €39 | €789 | €65 | €3,247 | ▲ 4,926% |
| Profit (loss) for the period before taxes9903 | €182,989 | €208,995 | €276,920 | €270,847 | €325,590 | ▲ 20.2% |
| Income taxes67/77 | €40,784 | €47,959 | €65,119 | €68,132 | €76,578 | ▲ 12.4% |
| Profit (loss) for the period9904 | €142,206 | €161,036 | €211,801 | €202,714 | €249,012 | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €142,206 | €161,036 | €211,801 | €202,714 | €249,012 | ▲ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,527 | €425,943 | €544,846 | €601,375 | €928,911 | ▲ 54.5% |
| Fixed assets21/28 | €3,656 | €2,998 | €2,341 | €5,773 | €276,674 | ▲ 4,692% |
| Tangible fixed assets22/27 | €2,856 | €2,198 | €1,541 | €4,973 | €275,874 | ▲ 5,447% |
| Land and buildings22 | - | - | - | €4,090 | €273,130 | ▲ 6,578% |
| Plant, machinery and equipment23 | - | - | - | - | €1,962 | - |
| Furniture and vehicles24 | - | €2,198 | €1,541 | €884 | €783 | ▼ 11.4% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €343,871 | €422,945 | €542,505 | €595,602 | €652,237 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €77,835 | €86,071 | €110,312 | €134,542 | €130,621 | ▼ 2.9% |
| Trade receivables40 | - | €77,043 | €85,332 | €110,220 | €106,665 | ▼ 3.2% |
| Other amounts receivable41 | - | €9,028 | €24,980 | €24,322 | €23,956 | ▼ 1.5% |
| Current investments50/53 | - | €14,686 | €154,459 | €245,667 | €349,412 | ▲ 42.2% |
| Cash at bank and in hand54/58 | €262,580 | €318,320 | €273,752 | €211,041 | €167,523 | ▼ 20.6% |
| Deferred charges and accrued income490/1 | - | €3,868 | €3,982 | €4,352 | €4,681 | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,527 | €425,943 | €544,846 | €601,375 | €928,911 | ▲ 54.5% |
| Equity10/15 | €302,265 | €323,702 | €393,297 | €410,011 | €259,023 | ▼ 36.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €283,665 | €305,102 | €374,697 | €391,411 | €240,423 | ▼ 38.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €303,242 | €372,837 | €391,411 | €240,423 | ▼ 38.6% |
| Amounts payable17/49 | €45,262 | €102,242 | €151,549 | €191,365 | €669,888 | ▲ 250% |
| Amounts payable after more than one year17 | - | - | - | - | €204,745 | - |
| Financial debts170/4 | - | - | - | - | €204,745 | - |
| Amounts payable within one year42/48 | €45,262 | €102,242 | €151,549 | €191,365 | €465,143 | ▲ 143% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11,396 | - |
| Trade debts44 | €4,479 | €3,843 | €5,869 | €729 | €5,039 | ▲ 591% |
| Suppliers440/4 | - | €3,843 | €5,869 | €729 | €5,039 | ▲ 591% |
| Taxes, remuneration and social security45 | - | €5,459 | €3,474 | €4,636 | €3,343 | ▼ 27.9% |
| Taxes450/3 | - | €5,459 | €3,474 | €4,636 | €3,343 | ▼ 27.9% |
| Other amounts payable47/48 | - | €92,940 | €142,206 | €186,000 | €445,365 | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142,206 | €161,036 | €211,801 | €202,714 | €249,012 | ▲ 22.8% |
| + Depreciation and write-downs630 | €431 | €657 | €657 | €924 | €5,606 | ▲ 507% |
| Operating cash flow (approximation) | €142,637 | €161,693 | €212,458 | €203,638 | €254,619 | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,356 | -€276,507 | ▼ 6,248% |
| Change in cash | - | €55,740 | -€44,569 | -€62,711 | -€43,518 | ▲ 30.6% |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €249,012 ▲22.8%
Operating result €321,457, net result €249,012, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €302,265 ▲88.8%
3 profitable years in a row build equity to €302,265.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €160,059 ▲138%
2 profitable years in a row build equity to €160,059.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
Financial milestoneNBB 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, Pelt · 1 establishment unit since 2017
Ground area
2,548 m²
Building footprint
315 m²
Volume, LiDAR
2,699 m³
Parcel 72025A0186/00D046, Flanders · tallest building 20.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VINOR
since 20172.267.856.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025A0186/00D046 | Flanders | 2,548 m² | 1 · 315 m² | 20.6 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-09-2017
Fiscal year end31-12
Contact
E-mail
vincent.vanryckeghem@me.comPelt
Phone
+32 485 604.171Pelt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680986421
Registered
26-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.