Financials
- Fiscal year
- 2025
- Turnover
- €64.8m
- Loss
- -€33.8m
- Solvency
- 11.1%
Turnover▼ 10.3%
Net result
20182025
VINVENTIONS
ActiveSummary
The computed 12-month bankruptcy probability of VINVENTIONS is 1.5% (moderate). The annual accounts of VINVENTIONS for fiscal year 2025 show a net loss of 79% of the equity at the start of that year. The 2025 annual accounts show equity of €11.1m and a net result of -€33.8m. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 10% of 227 sector peers (NACE 22, fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of rubber and plastic products
NACE 22260Wholesale trade NACE 46869
#1 company by total assets in the province of Liège, Rubber and plastics sector1 site
Size
€64.8mturnover 2025
- Staff
- 210.8 FTE
- Equity
- €11.1m
- Loss
- -€33.8m
Structure
- Parent
- Magritte Lux S.a r.l
- Board
- 1 member
- Holdings
- 3
Accounts 29 days early3 of 24 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €33.8m, the second in a row (FY 2025)- Equity €11.1m (11.1% of total assets)- Liquidity: current ratio 0.99, cash €1.3m- Sector Manufacture of rubber and plastic products (NACE 22)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 22, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
36-21
equity 11.1% of total assets
Liquidity
42-1
short-term debt 25.6% · cash 1.3%
Profitability
22-2
return on assets -33.7%
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 1.5%▲ +1.2 percentage points vs 07-2026highest value
09-2026: 1.5%● unchanged vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026highest value
Credit up to €550,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.99 against 1.0 in 2024; short-term debt: 25.6% and cash: 1.3% of total assets), and 88.9% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, medium-sized): better than 9% on solvency, 45% on liquidity, 14% on profitability and 11% on growth.
The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33.8m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 227 sector peers (2025).
NBB · sector comparisonPosition among 227 sector peers
Solvency
better than 10%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
34 days early
2023
23 days early
2022
27 days early
2021
26 days early
2020
18 days early
2019
23 days 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 26 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Olivier Broun (director)Appointment: Finck A-Head (director)
- Annual accounts filedfiscal year 2025 · full…
- Capital & sharesDeclaration · Auditor report ·…
Key points
- Caution: Result fell in 2025from -€499,784 to -€33.8m ▼ 6,663% View
- Caution: Among the weakest 5% on net resultsector median €155,118 · 227 companies -€33.8m View
- Caution: Board changedlatest change 07-08-2026 · 1 in office 1 joined · 1 left View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Magritte Lux S.a r.lultimately: Vinvention Holding S.à r.l. parent View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€33.8m View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Magritte Lux S.a r.l
Go to Board & ownership
Network & group
- Group
- Vinvention Holding S.à r.l.
- Subsidiaries
- 2
- Holdings
- 3
3 holdings
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 30-12-2025Capital & shares
- 27-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of rubber and plastic productsNACE 22260
- Founded
- 05-01-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
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