VITIS
ActiveSummary
VITIS has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €59k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 36% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+24
Solvency42▲+29
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.89 in 2023; short-term debt: 82.6% and cash: 18.4% of total assets), and 83.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
16.5%
Return on assets
26.2%
Age of the figures
21 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
9 d early
2022
1 d late
2021
18 d late
2020
4 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k
2023 · €-22k
2018: €-166k
2019: €-153k
2020: €-116k
2021: €-76k
2022: €-51k
2023: €-22k
2018 → 2024
Total assets
€225k▲ 19.8%
2023 · €188k
2018: €136k
2019: €126k
2020: €161k
2021: €203k
2022: €181k
2023: €188k
2018 → 2024
Net result
€59k▲ 102%
2023 · €29k
2018: €19k
2019: €13k
2020: €38k
2021: €39k
2022: €26k
2023: €29k
2018 → 2024
Working capital
€-3k▲ 85.9%
2023 · €-22k
2018: €-178k
2019: €-163k
2020: €-123k
2021: €-82k
2022: €-51k
2023: €-22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-116k-€-76k▲ 33.9%€-51k▲ 33.5%€-22k▲ 57.3%€37k
Operating result€51k-€58k▲ 12.8%€39k▼ 33.5%€42k▲ 9.4%€82k▲ 94.2%
Net result€38k-€39k▲ 4.7%€26k▼ 34.8%€29k▲ 14.0%€59k▲ 102%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 94% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225k
Fixed assets
€42k ▲ 2,143%
Current assets
€183k ▼ 1.7%
Equity and liabilities €225k
Equity
€37k
Debt
€188k
Debt finances 83.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€85k
Cash flow
€62k
Current ratio
0.98▲
2023 · 0.89
Quick ratio
0.50▲
2023 · 0.49
Debt to equity
5.04▲
2023 · -9.63
ROE
158.4%
ROA
26.2%▲
2023 · 15.5%
Interest coverage
104.62
Debt ≤ 1 year
€186k▼
2023 · €208k
Income taxes
€22k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€188k€225k▲
Fixed assets21/28€2k€42k▲
Tangible fixed assets22/27-€40k
Furniture and vehicles24-€40k
Financial fixed assets28€2k€2k=
Current assets29/58€186k€183k▼
Stocks and contracts in progress3€84k€89k▲
Stocks30/36€84k€89k▲
Amounts receivable within one year40/41€43k€52k▲
Trade receivables40-€4k
Other amounts receivable41€43k€48k▲
Cash at bank and in hand54/58€59k€41k▼
Equity and liabilities
Total equity and liabilities10/49€188k€225k▲
Equity10/15€-22k€37k▲
Contributions10/11€19k€19k=
Reserves13€5k€19k▲
Distributable reserves133€5k€19k▲
Profit (loss) carried forward14€-46k-
Amounts payable17/49€209k€188k▼
Amounts payable within one year42/48€208k€186k▼
Trade debts44€37k€46k▲
Suppliers440/4€37k€46k▲
Taxes, remuneration and social security45€36k€26k▼
Taxes450/3€36k€26k▼
Other amounts payable47/48€135k€114k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Non-recurring operating income76A-€21k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€962€1k▲
Gross operating margin9900€43k€86k▲
Operating profit (loss)9901€42k€82k▲
Financial charges65/66B€776€809▲
Recurring financial charges65€776€809▲
Profit (loss) for the period before taxes9903€41k€81k▲
Income taxes67/77€12k€22k▲
Profit (loss) for the period9904€29k€59k▲
Profit (loss) for the period to be appropriated9905€29k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€13k▲
Profit (loss) brought forward from the previous period14P€-75k€-46k▲
Transfer to equity691/2-€13k
To other reserves6921-€13k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €59k ▲102%
Operating result €82k, net result €59k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €13k ▼33.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hemiksem · 1 establishment unit since 1977
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.
Merellaan 152620 HemiksemGround area
3,350 m²
Building footprint
690 m²
Volume, LiDAR
3,192 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vero Golf
since 19772.013.752.959
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036A0018/00H000 | Flanders | 2,459 m² | 1 · 509 m² | 9.4 m · 1 fl. |
| 11018B0116/00M003 | Flanders | 891 m² | 1 · 181 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ANRO
BE 0478.162.191
Heusden-Zolder · Eq €37,209
VANHEULE SPORT
BE 0421.178.552
Koksijde · Eq €37,230
NEW MF
BE 1001.733.549
Wavre · Eq €36,855
PAFT
BE 0413.115.080
Boechout · Eq €36,703
ROCH4PADEL
BE 0733.688.006
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Of 1,314 companies in sector 47639 we hold annual accounts for 624. 468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1977
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.