VINTAGES
ActiveSummary
VINTAGES has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€35,135. Equity is shrinking by about 5.3% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Equity
€1.1m▼ 3.0%
2024 · €1.2m
Total assets
€3.5m▼ 1.0%
2024 · €3.5m
Net result
-€35,135▲ 32.2%
2024 · -€51,842
Working capital
€89,438▼ 82.3%
2019 · €505,825
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €4,194 in 2025 against €4,029 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.004m
2025
Net result-€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.5m
2025
Equity€1.1m
2025
Debt€2.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.09m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.003m--€0.003m▼ 16.8%-€0.003m▼ 1.4%-€0.003m▲ 0.8%-€0.004m▼ 25.0%-€0.005m▼ 41.9%-€0.004m▲ 23.9%-€0.004m▼ 4.1%
Net result-€0.1m-€1.9m-€0.08m-€0.1m▼ 47.9%-€0.08m▲ 32.1%-€0.07m▲ 13.0%-€0.05m▲ 21.5%-€0.04m▲ 32.2%
Equity-€0.3m-€1.5m€1.5m▼ 4.9%€1.4m▼ 7.6%€1.3m▼ 5.6%€1.2m▼ 5.2%€1.2m▼ 4.3%€1.1m▼ 3.0%
Total assets€2.0m-€3.9m▲ 91.3%€3.8m▼ 1.9%€3.7m▼ 2.9%€3.6m▼ 2.0%€3.6m▼ 1.8%€3.5m▼ 1.5%€3.5m▼ 1.0%
Debt€2.4m-€2.4m▼ 0.1%€2.4m=€2.4m=€2.4m=€2.4m=€2.4m=€2.4m=
Working capital€0.6m-€0.5m▼ 15.7%€0.09m
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.4m =
Current assets
€89,731 ▼ 28.0%
Equity and liabilities €3.5m
Equity
€1.1m ▼ 3.0%
Debt
€2.4m =
Debt's share of the balance-sheet total rises from 67.1% to 67.8%. Equity is lower.
Key figures and ratios
Debt to equity
2.10▲
2024 · 2.04
ROE
-3.1%▲
2024 · -4.5%
ROA
-1.0%▲
2024 · -1.5%
Debt ≤ 1 year
€293
Debt > 1 year
€2.4m=
2024 · €2.4m
Income taxes
€117▲
2024 · €63
A ratio outside any meaningful range has been withheld (balance sheet total €3.5m, equity €1.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.2% |
| Gross operating margin9900 | -€0.002m | -€0.002m | -€0.002m | -€0.002m | -€0.003m | -€0.004m | -€0.003m | -€0.003m | ▼ 4.4% |
| Operating profit (loss)9901 | -€0.003m | -€0.003m | -€0.003m | -€0.003m | -€0.004m | -€0.005m | -€0.004m | -€0.004m | ▼ 4.1% |
| Financial income75/76B | - | - | - | €224 | €480 | €0.001m | €0.001m | €0.004m | ▲ 326% |
| Recurring financial income75 | €287 | €297 | €45 | €224 | €480 | €0.001m | €0.001m | €0.004m | ▲ 326% |
| Financial charges65/66B | - | - | - | €0.1m | €0.07m | €0.06m | €0.05m | €0.03m | ▼ 29.0% |
| Recurring financial charges65 | €0.1m | €0.09m | €0.07m | €0.1m | €0.07m | €0.06m | €0.05m | €0.03m | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | -€0.1m | €1.9m | -€0.08m | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.04m | ▲ 32.4% |
| Income taxes67/77 | €84 | €87 | €11 | €59 | - | €160 | €63 | €117 | ▲ 83.8% |
| Profit (loss) for the period9904 | -€0.1m | €1.9m | -€0.08m | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.04m | ▲ 32.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €1.9m | -€0.08m | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.04m | ▲ 32.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €3.9m | €3.8m | €3.7m | €3.6m | €3.6m | €3.5m | €3.5m | ▼ 1.0% |
| Fixed assets21/28 | €1.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Financial fixed assets28 | €1.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Current assets29/58 | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 28.0% |
| Amounts receivable within one year40/41 | €127 | €122 | €10 | €49 | €49 | €169 | €350 | €353 | ▲ 0.6% |
| Other amounts receivable41 | - | - | - | €49 | €49 | €169 | €350 | €353 | ▲ 0.6% |
| Current investments50/53 | €0.09m | €0.08m | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.06m | ▼ 9.2% |
| Cash at bank and in hand54/58 | €23 | €0.002m | €498 | €473 | €0.001m | €0.002m | €0.001m | €0.006m | ▲ 756% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | €0.02m | ▼ 60.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €3.9m | €3.8m | €3.7m | €3.6m | €3.6m | €3.5m | €3.5m | ▼ 1.0% |
| Equity10/15 | -€0.3m | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 3.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.2m | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.2% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Legal reserve130 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.2% |
| Profit (loss) carried forward14 | -€1.6m | -€1.5m | -€1.6m | - | - | - | - | - | - |
| Amounts payable17/49 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Amounts payable after more than one year17 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Financial debts170/4 | - | - | - | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Amounts payable within one year42/48 | €0.002m | €424 | - | - | - | - | - | €293 | - |
| Trade debts44 | €430 | €424 | - | - | - | - | - | €293 | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €293 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | €1.9m | -€0.08m | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.04m | ▲ 32.2% |
| Operating cash flow (approximation) | -€0.1m | €1.9m | -€0.08m | -€0.1m | -€0.08m | -€0.07m | -€0.05m | -€0.04m | ▲ 32.2% |
| Investment in fixed assets (approximation) | - | -€2.0m | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.002m | -€0.002m | -€25 | €0.001m | €0.001m | -€0.001m | €0.005m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00196346 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00196248 |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00165405 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00468354 |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20097254 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22700526 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24000385 |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33800295 |
| 31-12-2017 | micro format | 14-06-2018 | 2018-18300436 |
| 31-12-2016 | micro format | 14-06-2017 | 2017-17100278 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.