VITRAAG
ActiveSummary
VITRAAG has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52.9m and a net result of €36,659. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 6127 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▼-1
Solvency100=
Growth35▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.67 against 4.43 in 2023; short-term debt: 20.8% and cash: 0.6% of total assets), and 20.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.2%
Return on assets
0.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
123 d late
2023
85 d late
2022
99 d late
2021
115 d late
2020
138 d late
2019
250 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 135 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€31.7m▼ 36.3%
2023 · €49.7m
EBIT margin
0.4%▼ 0.2pp
2023 · 0.7%
Net result
€36,659▼ 62.8%
2023 · €98,549
Working capital
€51.1m▲ 0.1%
2023 · €51.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€27.5m▼ 59.1%€74.9m▲ 172%€69.7m▼ 7.0%€49.7m▼ 28.7%€31.7m▼ 36.3%
Operating result€2.3m▼ 51.0%€10.3m▲ 358%€3.2m▼ 69.1%€338,411▼ 89.4%€141,544▼ 58.2%
Net result€1.5mabove the sector's middle half▼ 60.7%€10.2mabove the sector's middle half▲ 582%€3.0mabove the sector's middle half▼ 70.4%€98,549within the sector's middle half▼ 96.7%€36,659within the sector's middle half▼ 62.8%
EBIT margin8.2%▲ 1.4pp13.8%▲ 5.6pp4.6%▼ 9.2pp0.7%▼ 3.9pp0.4%▼ 0.2pp
Equity€32.3mabove the sector's middle half▼ 14.6%€49.8mabove the sector's middle half▲ 54.2%€52.8mabove the sector's middle half▲ 6.0%€52.9mabove the sector's middle half▲ 0.2%€52.9mabove the sector's middle half▲ 0.1%
Total assets€51.8mabove the sector's middle half▼ 25.4%€88.2mabove the sector's middle half▲ 70.2%€89.0mabove the sector's middle half▲ 0.9%€67.8mabove the sector's middle half▼ 23.8%€66.8mabove the sector's middle half▼ 1.4%
Debt€19.5m▼ 38.3%€38.4m▲ 96.6%€36.2m▼ 5.9%€14.9m▼ 58.9%€13.9m▼ 6.4%
Working capital€30.9mabove the sector's middle half▼ 14.4%€47.9mabove the sector's middle half▲ 54.7%€50.9mabove the sector's middle half▲ 6.3%€51.0mabove the sector's middle half▲ 0.2%€51.1mabove the sector's middle half▲ 0.1%
Solvency62.3%above the sector's middle half▲ 7.9pp56.4%within the sector's middle half▼ 5.9pp59.3%within the sector's middle half▲ 2.9pp78.0%above the sector's middle half▲ 18.7pp79.2%above the sector's middle half▲ 1.1pp
Current ratio2.60within the sector's middle half▲ 0.452.25within the sector's middle half▼ 0.362.41within the sector's middle half▲ 0.164.43above the sector's middle half▲ 2.034.67above the sector's middle half▲ 0.24
Return on assets (ROA)2.9%within the sector's middle half▼ 2.6pp11.5%above the sector's middle half▲ 8.6pp3.4%within the sector's middle half▼ 8.1pp0.1%below the sector's middle half▼ 3.2pp0.1%below the sector's middle half▼ 0.1pp
Staff (FTE)1.7below the sector's middle half▲ 6.3%1.4below the sector's middle half▼ 17.6%2below the sector's middle half▲ 42.9%2below the sector's middle half=2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 58% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66.8m
Fixed assets
€1.8m ▼ 1.1%
Current assets
€65.0m ▼ 1.4%
Equity and liabilities €66.8m
Equity
€52.9m ▲ 0.1%
Debt
€13.9m ▼ 6.4%
Debt's share of the balance-sheet total falls from 22.0% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163,902▼
2023 · €361,009
Cash flow
€59,017▼
2023 · €121,147
Quick ratio
1.22▼
2023 · 1.37
Debt to equity
0.26▼
2023 · 0.28
ROE
0.1%▼
2023 · 0.2%
Interest coverage
52.31▼
2023 · 9025.23
Debt ≤ 1 year
€13.9m▼
2023 · €14.9m
Debt > 1 year
€1,700=
2023 · €1,700
Income taxes
€26,744▼
2023 · €103,801
Staff costs
€95,355▲
2023 · €92,372
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €75.0m | €69.8m | €50.1m | €31.7m | ▼ 36.8% |
| Turnover70 | €27.5m | €74.9m | €69.7m | €49.7m | €31.7m | ▼ 36.3% |
| Other operating income74 | - | €16,295 | €45,386 | €434,737 | €9,973 | ▼ 97.7% |
| Non-recurring operating income76A | - | - | - | - | €7,273 | - |
| Operating charges60/66A | - | €64.6m | €66.6m | €49.8m | €31.6m | ▼ 36.7% |
| Goods for resale, raw materials and consumables60 | - | €63.2m | €65.6m | €49.4m | €31.0m | ▼ 37.3% |
| Change in stocks: decrease (increase)609 | - | -€7.9m | €4.8m | €4.4m | €819,532 | ▼ 81.4% |
| Services and other goods61 | - | €446,877 | €351,441 | €307,056 | €296,223 | ▼ 3.5% |
| Remuneration, social security and pensions62 | - | €62,813 | €77,333 | €92,372 | €95,355 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,691 | €24,074 | €23,329 | €22,598 | €22,358 | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €876,283 | €378,800 | - | - | - |
| Other operating charges640/8 | - | €21,563 | €166,965 | €16,366 | €188,952 | ▲ 1,055% |
| Operating profit (loss)9901 | €2.3m | €10.3m | €3.2m | €338,411 | €141,544 | ▼ 58.2% |
| Recurring financial income75 | €279,847 | €350,184 | €173,803 | €61,440 | €35,575 | ▼ 42.1% |
| Other financial income752/9 | - | €350,184 | €173,803 | €61,440 | €35,575 | ▼ 42.1% |
| Financial charges65/66B | - | €396,067 | €217,678 | €197,501 | €113,716 | ▼ 42.4% |
| Recurring financial charges65 | €1.0m | €396,067 | €217,678 | €197,501 | €113,716 | ▼ 42.4% |
| Debt charges650 | €288,873 | €155,646 | €1,825 | €40 | €3,133 | ▲ 7,733% |
| Other financial charges652/9 | - | €240,421 | €215,853 | €197,461 | €110,583 | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | €1.5m | €10.3m | €3.1m | €202,350 | €63,403 | ▼ 68.7% |
| Income taxes67/77 | €10,792 | €129,040 | €141,869 | €103,801 | €26,744 | ▼ 74.2% |
| Taxes670/3 | - | €129,040 | €141,870 | €103,801 | €26,744 | ▼ 74.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | €1 | - | - | - |
| Profit (loss) for the period9904 | €1.5m | €10.2m | €3.0m | €98,549 | €36,659 | ▼ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €10.2m | €3.0m | €98,549 | €36,659 | ▼ 62.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51.8m | €88.2m | €89.0m | €67.8m | €66.8m | ▼ 1.4% |
| Fixed assets21/28 | €1.6m | €1.9m | €1.9m | €1.9m | €1.8m | ▼ 1.1% |
| Tangible fixed assets22/27 | €270,651 | €308,042 | €284,712 | €269,130 | €248,198 | ▼ 7.8% |
| Land and buildings22 | - | €296,660 | €277,664 | €258,668 | €239,672 | ▼ 7.3% |
| Plant, machinery and equipment23 | - | €11,382 | €7,048 | €10,462 | €7,120 | ▼ 31.9% |
| Furniture and vehicles24 | - | - | - | - | €1,406 | - |
| Financial fixed assets28 | €1.3m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Affiliated companies280/1 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Participating interests280 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Other financial fixed assets284/8 | - | €1,821 | €1,821 | €1,821 | €1,821 | = |
| Shares284 | - | €1,821 | €1,821 | €1,821 | €1,821 | = |
| Current assets29/58 | €50.3m | €86.3m | €87.1m | €65.9m | €65.0m | ▼ 1.4% |
| Amounts receivable after more than one year29 | - | - | €100,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | €100,000 | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €32.8m | €48.2m | €50.7m | €45.5m | €48.1m | ▲ 5.6% |
| Stocks30/36 | - | €48.2m | €50.7m | €45.5m | €48.1m | ▲ 5.6% |
| Goods purchased for resale34 | - | €48.2m | €43.4m | €39.0m | €38.1m | ▼ 2.1% |
| Advance payments36 | - | - | €7.3m | €6.5m | €9.9m | ▲ 51.6% |
| Amounts receivable within one year40/41 | €17.4m | €22.2m | €21.4m | €19.0m | €16.4m | ▼ 13.7% |
| Trade receivables40 | - | €21.7m | €21.0m | €18.6m | €16.0m | ▼ 14.0% |
| Other amounts receivable41 | - | €471,983 | €453,409 | €456,470 | €451,954 | ▼ 1.0% |
| Cash at bank and in hand54/58 | €8,428 | €15.9m | €14.8m | €1.2m | €377,724 | ▼ 68.9% |
| Deferred charges and accrued income490/1 | - | €34,125 | €56,229 | €50,348 | €35,354 | ▼ 29.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51.8m | €88.2m | €89.0m | €67.8m | €66.8m | ▼ 1.4% |
| Equity10/15 | €32.3m | €49.8m | €52.8m | €52.9m | €52.9m | ▲ 0.1% |
| Contributions10/11 | - | €28.4m | €28.4m | €28.4m | €28.4m | = |
| Reserves13 | €9.2m | €21.4m | €24.4m | €24.5m | €24.6m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €474,665 | €474,665 | €474,665 | €474,665 | = |
| Reserves not available under the articles1311 | - | €474,665 | €474,665 | €474,665 | €474,665 | = |
| Tax-exempt reserves132 | - | €22,764 | €22,765 | €22,765 | €22,764 | = |
| Distributable reserves133 | - | €20.9m | €23.9m | €24.0m | €24.1m | ▲ 0.2% |
| Amounts payable17/49 | €19.5m | €38.4m | €36.2m | €14.9m | €13.9m | ▼ 6.4% |
| Amounts payable after more than one year17 | €199,205 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Other amounts payable178/9 | - | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Amounts payable within one year42/48 | €19.3m | €38.4m | €36.2m | €14.9m | €13.9m | ▼ 6.4% |
| Financial debts43 | - | €1.0m | €127,068 | €127,803 | €124,444 | ▼ 2.6% |
| Credit institutions430/8 | - | €891,356 | €98 | €833 | €771 | ▼ 7.4% |
| Other loans439 | - | €141,623 | €126,970 | €126,970 | €123,673 | ▼ 2.6% |
| Trade debts44 | €12.1m | €37.1m | €35.7m | €14.4m | €13.6m | ▼ 5.1% |
| Suppliers440/4 | - | €37.1m | €35.7m | €14.4m | €13.6m | ▼ 5.1% |
| Taxes, remuneration and social security45 | - | €150,815 | €288,414 | €270,629 | €66,715 | ▼ 75.3% |
| Taxes450/3 | - | €131,625 | €247,013 | €224,126 | €26,743 | ▼ 88.1% |
| Remuneration and social security454/9 | - | €19,190 | €41,401 | €46,503 | €39,972 | ▼ 14.0% |
| Other amounts payable47/48 | - | €98,667 | €80,282 | €81,233 | €79,597 | ▼ 2.0% |
| Accrued charges and deferred income492/3 | - | €5,370 | €2,539 | €9,294 | €2,384 | ▼ 74.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €10.2m | €3.0m | €98,549 | €36,659 | ▼ 62.8% |
| + Depreciation and write-downs630 | €19,691 | €24,074 | €23,329 | €22,598 | €22,358 | ▼ 1.1% |
| Operating cash flow (approximation) | €1.5m | €10.2m | €3.0m | €121,147 | €59,017 | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | -€357,853 | €1 | -€7,016 | -€1,426 | ▲ 79.7% |
| Change in cash | - | €15.9m | -€1.1m | -€13.6m | -€836,931 | ▲ 93.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 123 days late
2024
31-12
Financial
Weakest financial yearnet €36,659 ▼62.8%
Net result drops to €36,659, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 85 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 99 days late
2022
31-12
Financial
Equity above €50mEq €52.8m ▲6%
5 profitable years in a row build equity to €52.8m.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 115 days late
2021
31-12
Financial
Highest result since 2018net €10.2m ▲582%
Operating result €10.3m, net result €10.2m, both a record.
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 138 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 250 days late
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 127 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1987
Ground area
3,046 m²
Building footprint
2,904 m²
Volume, LiDAR
74,659 m³
Parcel 11808H1178/00S008, Flanders · tallest building 46.0 m, ±8 floors. Linked by address, not a title deed.
258
companies at this address
See who is registered here
1 establishment unit
Hoveniersstraat 30, 2018 Antwerpen
since 19872.030.984.119
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
54930079BOFMLCBRFZ18
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Of 1,228 companies in this sector we hold annual accounts for 748. 144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432303066
Also
9925:BE0432303066
Registered
06-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.