VISCOBEL · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VISCOBEL is 0.6% (low). The 2022 annual accounts show equity of €410k and a net result of €191k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 154 sector peers (fiscal year 2022). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 745 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-09-2023, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	30-09-2023	61 d late	2023-00468218
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20371676
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-56200578
31-12-2019	31-07-2020	31-12-2020	153 d late	2020-77600051
31-12-2018	31-07-2019	26-08-2019	26 d late	2019-50700016
31-12-2017	31-07-2018	30-08-2018	30 d late	2018-54500099
31-12-2016	31-07-2017	26-09-2017	57 d late	2017-63200399
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-57000083
31-12-2014	31-07-2015	27-08-2015	27 d late	2015-48400300

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1996, 30 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€191k+106.6%

Working capital€321k+16.3%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 30-09-2023 with the NBB · fiscal year 2022 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~20.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 28 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	26.8%	30.7%	better than 40% of 154 sector peers
Net result	€191k	€17k	better than 85% of 154 sector peers
Equity	€410k	€89k	better than 72% of 154 sector peers
Gross operating margin	€500k	€67k	better than 82% of 139 sector peers
Staff costs	€122k	€269k	higher than 33% of 81 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P40

Stable position over 2020-2022 · n=88-154

Net result P85

Improving position over 2020-2022 · n=88-154

Equity P72

Improving position over 2020-2022 · n=88-154

Gross operating margin P82

Improving position over 2020-2022 · n=74-139

Describes the position versus peers, not a forecast.

EBITDA

€344k

+66.3% 18-22

Net profit

€191k

+106.6% 18-22

Cash flow

€277k

+73.2% 18-22

Total assets

€1.53M

+7.4% 18-22

Equity

€410k

+20.9% 18-22

Working capital

€321k

+16.3% 18-22

Employees (FTE)

2

-4.8% 18-22

Staff costs

€122k

+5.9% 18-22

Income taxes

€52k

+51.7% 18-22

Dividends

€120k

- 18-22

Debt

€1.12M

+3.2% 18-22

Debt ≤ 1y

€1.01M

+5.2% 18-22

Debt > 1y

€114k

-11.9% 18-22

Current ratio

1.32

+2.4% 18-22

Quick ratio

1.19

+6.5% 18-22

Solvency

26.8%

+12.5% 18-22

Debt / equity

2.74

-14.6% 18-22

ROE

46.6%

+70.9% 18-22

ROA

12.5%

+92.4% 18-22

Interest coverage

21.68

+42.9% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	-
EBITDA	€344k
Net profit	€191k
Cash flow	€277k
Staff costs	€122k
Income taxes	€52k
Dividends	€120k
Total assets	€1.53M
Equity	€410k
Debt	€1.12M
of which ≤ 1y	€1.01M
of which > 1y	€114k
Working capital	€321k
Employees (FTE)	2.0

Ratios (computed)

	2022
Current ratio	1.32
Quick ratio	1.19
Working capital ratio	21.0%
Solvency	26.8%
Debt / equity	2.74
Long-term debt ratio	0.28
Interest coverage	21.68
Gross margin	-
Net margin	-
ROA	12.5%
ROE	46.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €203k · 13.3% Current assets €1.33M · 86.8%

Equity & liabilities

Equity €410k · 26.8% Debt €1.12M · 73.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.53M
Fixed assets	21/28	€203k
Intangible fixed assets	21	€86k
Tangible fixed assets	22/27	€115k
Financial fixed assets	28	€2k
Current assets	29/58	€1.33M
Stocks & contracts in progress	3	€132k
Amounts receivable within one year	40/41	€582k
Cash & bank	54/58	€611k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.53M
Equity	10/15	€410k
Contributions / capital	10/11	€62k
Reserves	13	€22k
Accumulated profits (losses)	14	€326k
Amounts payable	17/49	€1.12M
Amounts payable after one year	17	€114k
Amounts payable within one year	42/48	€1.01M
Trade debts payable within one year	44	€834k
Income statement
Gross operating margin	9900	€500k
Operating result	9901	€257k
Financial income	75	€3
Financial charges	65	€16k
Result before taxes	9903	€242k
Income taxes	67/77	€52k
Net result for the period	9904	€191k
Result to be appropriated	9905	€191k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue des Cyclistes Frontière(VIS) 164600 Visé

Establishment units

1 location

Allée des Mésanges(VIS) 7, 4600 Visé

Productie van legeringen van edele metalen

since 19962.076.384.869

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,464 m²

Buildings2

Building footprint357 m²

Volume (LiDAR)816 m³

Tallest building6.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62108B0292/00E000	Wallonia	2,056 m²	1 · 213 m²	-
62108B0324/00A002	Wallonia	408 m²	1 · 145 m²	6.8 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

03-01-2024 Change in the board of directors Director changes·françois onclin

Notary: françois onclin · visé

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 100

Solvency 48

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 24 of the 211 companies in this sector. 16 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Vervaardiging van andere machines en apparaten voor algemeen gebruik, n.e.g.28299Vervaardiging van overige machines en apparaten voor algemeen gebruik, neg28299Vervaardiging van overige machines voor algemeen gebruik, n.e.g.29247Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46742Groothandel in installatiemateriaal voor loodgieterswerk en verwarming46842Groothandel in loodgietersmateriaal en verwarmingsinstallaties51542

Primary activity highlighted.

Names & trade names

Legal nameFR

VISCOBEL

Registered office

Rue des Cyclistes Frontière(VIS) 16

4600 Visé, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.