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VITRALUX

Active
Public limited companyfounded 198046 yrs activePontstraat(KRU) 2, 9770 Kruisem, BelgiumKBO/BCE: BE 0420.424.526
Summary

The computed 12-month bankruptcy probability of VITRALUX is 4.4% (elevated). The 2024 annual accounts show equity of €399,501 and a net result of -€83,547. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 16% of 7464 sector peers (fiscal year 2024). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VITRALUXActiveChecked score 36/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320NACE 45422
#5 oldest company in Kruisem, Construction sector1 site
Size
€2.5mtotal assets 2024
Staff
12 FTE
Equity
€399,501
Loss
-€83,547
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2024
Bankruptcy chance 12 m
4.4%
Structure
Parent
ASTIBO · 100%
Accounts 64 d overdue0 of 5 deeds read
Why 36- Figures for FY 2024 (filed 30-08-2025)- Liquidity: current ratio 0.85, cash €83,434- Equity €399,501 (15.9% of total assets)- Size: 12 FTE, total assets €2.5mShow the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 15% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 41=
equity 15.9% of total assets
Liquidity 23=
short-term debt 60.4% · cash 3.3%
Profitability 38-22
return on assets -3.3%
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,633 companies)
Last 24 months 11-2024: 1.1%lowest value 12-2024: 1.1%● 0.0% vs 11-2024lowest value 01-2025: 1.1%● 0.0% vs 12-2024lowest value 02-2025: 1.1%● 0.0% vs 01-2025lowest value 03-2025: 1.2%▲ +15.5% vs 02-2025 04-2025: 1.3%▲ +1.1% vs 03-2025 05-2025: 1.3%▲ +1.5% vs 04-2025 06-2025: 1.3%▲ +1.4% vs 05-2025 07-2025: 1.5%▲ +18.8% vs 06-2025 08-2025: 2.1%▲ +36.5% vs 07-2025 09-2025: 1.4%▼ -31.1% vs 08-2025 10-2025: 1.4%● 0.0% vs 09-2025 11-2025: 1.4%● 0.0% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%● 0.0% vs 12-2025 02-2026: 1.5%▲ +1.7% vs 01-2026 03-2026: 1.7%▲ +14.8% vs 02-2026 04-2026: 1.7%▲ +1.1% vs 03-2026 05-2026: 1.9%▲ +10.0% vs 04-2026 06-2026: 1.9%▲ +0.9% vs 05-2026 07-2026: 1.9%▼ -0.2% vs 06-2026 08-2026: 2.8%▲ +46.2% vs 07-2026 09-2026: 3.3%▲ +21.0% vs 08-2026 10-2026: 4.4%▲ +31.4% vs 09-2026highest value
  • Figures for FY 2024 (filed 30-08-2025) raises the probability
  • Liquidity: current ratio 0.85, cash €83,434 raises the probability
  • Equity €399,501 (15.9% of total assets) raises the probability
  • Size: 12 FTE, total assets €2.5m raises the probability for this profile
Credit up to €14,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.85 against 0.9 in 2023; short-term debt: 60.4% and cash: 3.3% of total assets), and 84.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 17%, liquidity 14%, profitability 16%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 30-08-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.85, cash €83,434
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €399,501 (15.9% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: 12 FTE, total assets €2.5m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7464 sector peers (2024).
NBB · sector comparison
Position among 7464 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
56 d early
2022
24 d early
2021
36 d early
2020
31 d late
2019
76 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 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Caution: From profit to loss in 2024after €10,898 in 2023 -€83,547 View
  • Caution: Among the weakest 5% on net resultsector median €44,445 · 7,458 companies -€83,547 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Controlled by ASTIBO 100% View
  • Active since 1980founded 19-05-1980 46 years View

By topic

Financials

Fiscal year
2024
Total assets
€2.5m
Loss
-€83,547
Solvency
15.9%
Total assets▼ 16.5%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 30-08-2025Annual accounts filed
  2. 05-06-2024Annual accounts filed
  3. 07-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Joinery installationNACE 43320
Founded
19-05-1980
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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