VITALY

Active

Private limited companyfounded 20223 yrs activeSchipstraat 4, 8530 Harelbeke, BelgiumKBO/BCE: BE 0792.715.276

The computed 12-month bankruptcy probability of VITALY is 2.8% (moderate). The 2024 annual accounts show equity of €12k and a net result of €2k. Its solvency ranks better than 33% of 9982 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability75▼-4

Solvency51▲+16

Growth52

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.78 against 0.83 in 2023; short-term debt: 74.4% and cash: 22.1% of total assets), and 74.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

25.6%

Return on assets

5.1%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

24 d early

2023

42 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€12k▲ 24.8%

2023 · €10k

2023: €10k

2023 → 2024

Total assets

€48k▼ 51.1%

2023 · €99k

2023: €99k

2023 → 2024

Net result

€2k▼ 69.0%

2023 · €8k

2023: €8k

2023 → 2024

Working capital

€-8k▲ 49.3%

2023 · €-16k

2023: €-16k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€10k-€12k▲ 24.8%

Operating result€12k-€5k▼ 61.2%

Net result€8k-€2k▼ 69.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 61% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €48k

41.9%

58.1%

Fixed assets €20k▼ 20.4%

Current assets €28k▼ 61.7%

Equity and liabilities €48k

25.6%

74.4%

Equity €12k▲ 24.8%

Debt €36k▼ 59.6%

The debt ratio falls from 90.0% to 74.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€14k▼

2023 · €22k

Cash flow

€12k▼

2023 · €18k

Solvency

25.6%▲

2023 · 10.0%

Current ratio

0.78▼

2023 · 0.83

Quick ratio

0.78▼

2023 · 0.83

Debt / equity

2.90▼

2023 · 8.96

ROE

19.9%▼

2023 · 79.9%

ROA

5.1%▼

2023 · 8.0%

Interest coverage

15.46▼

2023 · 366.03

Debt

€36k▼

2023 · €89k

Debt ≤ 1 year

€36k▼

2023 · €89k

Income taxes

€1k▼

2023 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€99k€48k▼

Fixed assets21/28€26k€20k▼

Tangible fixed assets22/27€26k€20k▼

Plant, machinery and equipment23€2k€739▼

Furniture and vehicles24€24k€19k▼

Financial fixed assets28-€130

Current assets29/58€74k€28k▼

Amounts receivable within one year40/41€32k€17k▼

Trade receivables40€21k€17k▼

Other amounts receivable41€11k€233▼

Cash at bank and in hand54/58€42k€11k▼

Deferred charges and accrued income490/1-€500

Equity and liabilities

Total equity and liabilities10/49€99k€48k▼

Equity10/15€10k€12k▲

Contributions10/11€2k€2k=

Capital10€2k€2k=

Issued capital100€2k€2k=

Reserves13€200€200=

Non-distributable reserves130/1€200€200=

Legal reserve130€200€200=

Profit (loss) carried forward14€8k€10k▲

Amounts payable17/49€89k€36k▼

Amounts payable within one year42/48€89k€36k▼

Trade debts44€55k€4k▼

Suppliers440/4€55k€4k▼

Taxes, remuneration and social security45€5k€9k▲

Taxes450/3€4k€5k▲

Remuneration and social security454/9€2k€4k▲

Other amounts payable47/48€29k€24k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼

Other operating charges640/8€3k€1k▼

Gross operating margin9900€24k€15k▼

Operating profit (loss)9901€12k€5k▼

Financial income75/76B€0€2▲

Recurring financial income75€0€2▲

Financial charges65/66B€59€924▲

Recurring financial charges65€59€924▲

Profit (loss) for the period before taxes9903€12k€4k▼

Income taxes67/77€4k€1k▼

Profit (loss) for the period9904€8k€2k▼

Profit (loss) for the period to be appropriated9905€8k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€10k▲

Profit (loss) brought forward from the previous period14P-€8k

Transfer to equity691/2€200-

To the legal reserve6920€200-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

19-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Directors · office · real estate

Directors

4 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, Harelbeke

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.

Schipstraat 48530 Harelbeke

Ground area

902 m²

Building footprint

194 m²

Volume, LiDAR

2,926 m³

Parcel 34013A1011/00E000, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34013A1011/00E000	Flanders	902 m²	1 · 194 m²	18.8 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Similar companies · same sector, comparable size

JIMMY MARTENS ALGEMENE ONDERNEMING

Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 10,052 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-10-2022

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.