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VYCON

Active
Private limited companyfounded 2002active for 24 yearsOvenhoek 7, 8800 Roeselare, BelgiumKBO/BCE: BE 0477.420.241
Summary

The computed 12-month bankruptcy probability of VYCON is 3.1% (moderate). The 2025 annual accounts show negative equity (-€897,627) and a net result of -€938,928. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 5% of 1,232 sector peers (NACE 25, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28299
Fastest staff growth in West Flanders, Fabricated metal products sector1 site
Size
€4.4mtotal assets 2025
Staff
25 FTE
Equity
-€897,627
Loss
-€938,928
Turnover not published (abbreviated format)
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.1%
Structure
Parent
JOYCON · 100%
Holdings
1
Auditor: BV MOORE AUDITAccounts 23 days early9 of 16 deeds read
Why 47raises riskNegative equity -€897,627Loss of €938,928, the second in a row (financial year 2025)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: 25 FTE, total assets €4.4mShow the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 2% of its sector peers (NACE 25, small)
Financial strength · tick = 2024
Weak
Solvency 5-21
equity -20.4% of total assets
Liquidity 12-2
short-term debt 105.9% · cash 9.4%
Profitability 0=
return on assets -21.4%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (747 companies, NACE 25, small)
Last 24 months 11-2024: 0.9%lowest value 12-2024: 0.9%● unchanged vs 11-2024lowest value 01-2025: 1.0%▲ +0.1 percentage points vs 12-2024 02-2025: 1.1%▲ +0.1 percentage points vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.5%▲ +0.4 percentage points vs 04-2025 06-2025: 2.0%▲ +0.5 percentage points vs 05-2025 07-2025: 2.4%▲ +0.4 percentage points vs 06-2025 08-2025: 3.3%▲ +0.9 percentage points vs 07-2025 09-2025: 2.9%▼ -0.4 percentage points vs 08-2025 10-2025: 2.9%● unchanged vs 09-2025 11-2025: 2.9%● unchanged vs 10-2025 12-2025: 2.9%● unchanged vs 11-2025 01-2026: 2.9%● unchanged vs 12-2025 02-2026: 2.9%● unchanged vs 01-2026 03-2026: 3.3%▲ +0.4 percentage points vs 02-2026 04-2026: 3.4%▲ +0.1 percentage points vs 03-2026 05-2026: 3.4%● unchanged vs 04-2026 06-2026: 3.5%▲ +0.1 percentage points vs 05-2026 07-2026: 3.6%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 3.1%▼ -0.5 percentage points vs 07-2026 09-2026: 3.1%● unchanged vs 08-2026 10-2026: 3.1%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.58, compared with 0.82 in 2024, below 1; short-term debt: 105.9% and cash: 9.4% of total assets), and equity is negative.
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 25, small): better than 1% on solvency, 5% on liquidity, 2% on profitability and 0% on growth.

The bankruptcy probability was computed on 20-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€897,627
NBB · annual accounts
raises risk · Loss of €938,928, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: 25 FTE, total assets €4.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€897,627
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
28 days late
2023
1 day early
2022
on the day
2021
on the day
2020
3 days early
2019
5 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 1 day before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · MiscellaneousCapital contribution · Shareholding ·…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Capital & shares · Name ·…Permanent representatives: Liesbet Vandenabeele, DHAENE…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€897,627 View
  • Caution: Among the weakest 5% on solvencysector median 46.3% · 1,232 companies -20.4% View
  • Positive: Staff rose in 2025from 14.3 FTE to 25 FTE ▲ 74.8% View
  • Controlled by JOYCONultimately: Vybros Capital Partners 100% View
  • Merger with SUBMENTUMmerger on 01-01-2026 2026 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€938,928 View
  • Directors leftlatest change 15-04-2026 · 0 in office 2 left View

By topic

Financials

Financial year
2025
Total assets
€4.4m
Loss
-€938,928
Solvency
-20.4%
Total assets▲ 21.6%
Net result
20182025
Go to Financials

Network & group

Group
Vybros Capital Partners
Subsidiaries
1
Connected companies
27
Mergers and asset contributions
1

1 subsidiary

Go to Network & group

Timeline

Events
31
Since
2004
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 24-11-2025Restructuring
  3. 09-09-2025Capital & shares · Restructuring
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
07-05-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Annual meeting
Last Thursday of June at 20:00
Purpose
“Constructie en handel, tussenhandel; Consultancy in de ruimste zin van het woord; Alle…” (deed in Dutch)
Go to Articles of association

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