"VITRO-FLEX"
ActiveSummary
The computed 12-month bankruptcy probability of "VITRO-FLEX" is 1.8% (moderate). The 2025 annual accounts show equity of €21k and a net result of €8k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 4522 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency38▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.1 in 2024; short-term debt: 73.3% and cash: 16.6% of total assets), and 87% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13%
Return on assets
5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4522 sector peers (2025).
NBB · sector comparisonPosition among 4522 sector peers
Solvency
better than 22%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
2 d early
2023
27 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 21.2%
2024 · €26k
Total assets
€158k▼ 8.8%
2024 · €173k
Net result
€8k▲ 3.8%
2024 · €8k
Working capital
€5k▼ 51.4%
2024 · €11k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35k€32k▼ 10.4%€42k▲ 34.5%€19k▼ 54.2%€18k▼ 8.7%
Net result€25k€21k▼ 16.0%€26k▲ 23.9%€8k▼ 70.6%€8k▲ 3.8%
Equity€52k▲ 82.7%€71k▲ 37.6%€38k▼ 46.0%€26k▼ 32.3%€21k▼ 21.2%
Total assets€181k▲ 94.9%€128k▼ 29.1%€218k▲ 69.5%€173k▼ 20.3%€158k▼ 8.8%
Debt€129k▲ 100%€57k▼ 55.8%€179k▲ 214%€147k▼ 17.7%€138k▼ 6.6%
Working capital€57k▲ 26.3%€62k▲ 7.7%€18k▼ 70.0%€11k▼ 40.3%€5k▼ 51.4%
Staff (FTE)1.8▼ 28.0%1.7▼ 5.6%2▲ 17.6%1.7▼ 15.0%1.5▼ 11.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158k
Fixed assets
€37k ▼ 30.0%
Current assets
€121k ▲ 0.4%
Equity and liabilities €158k
Equity
€21k ▼ 21.2%
Debt
€138k ▼ 6.6%
Debt's share of the balance-sheet total rises from 85.0% to 87.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €40k
Cash flow
€24k▼
2024 · €28k
Current ratio
1.05▼
2024 · 1.10
Debt to equity
6.70▲
2024 · 5.65
ROE
38.4%▲
2024 · 29.1%
ROA
5.0%▲
2024 · 4.4%
Interest coverage
5.64▲
2024 · 5.46
Debt ≤ 1 year
€116k▲
2024 · €110k
Debt > 1 year
€22k▼
2024 · €38k
Income taxes
€4k▼
2024 · €5k
Staff costs
€95k▲
2024 · €95k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €36 | - | - | - |
| Remuneration, social security and pensions62 | €91k | €96k | €106k | €95k | €95k | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €11k | €20k | €17k | ▼ 18.0% |
| Other operating charges640/8 | €1k | €3k | €3k | €8k | €10k | ▲ 24.5% |
| Non-recurring operating charges66A | - | - | €576 | - | - | - |
| Gross operating margin9900 | €132k | €136k | €164k | €142k | €139k | ▼ 2.1% |
| Operating profit (loss)9901 | €35k | €32k | €42k | €19k | €18k | ▼ 8.7% |
| Financial income75/76B | €1 | €10 | €41 | - | - | - |
| Recurring financial income75 | €1 | €10 | €41 | - | - | - |
| Financial charges65/66B | €3k | €3k | €5k | €7k | €6k | ▼ 16.1% |
| Recurring financial charges65 | €3k | €3k | €5k | €7k | €6k | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €32k | €29k | €38k | €12k | €12k | ▼ 4.3% |
| Income taxes67/77 | €8k | €8k | €12k | €5k | €4k | ▼ 17.9% |
| Profit (loss) for the period9904 | €25k | €21k | €26k | €8k | €8k | ▲ 3.8% |
| Profit (loss) for the period to be appropriated9905 | €25k | €21k | €26k | €8k | €8k | ▲ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181k | €128k | €218k | €173k | €158k | ▼ 8.8% |
| Fixed assets21/28 | €14k | €10k | €73k | €53k | €37k | ▼ 30.0% |
| Tangible fixed assets22/27 | €14k | €10k | €73k | €53k | €37k | ▼ 30.0% |
| Plant, machinery and equipment23 | €3k | €2k | €980 | €315 | €633 | ▲ 101% |
| Furniture and vehicles24 | €11k | €8k | €72k | €52k | €36k | ▼ 30.8% |
| Current assets29/58 | €167k | €119k | €145k | €121k | €121k | ▲ 0.4% |
| Amounts receivable within one year40/41 | €117k | €62k | €69k | €86k | €91k | ▲ 6.4% |
| Trade receivables40 | €116k | €53k | €62k | €82k | €81k | ▼ 0.8% |
| Other amounts receivable41 | €908 | €9k | €6k | €4k | €10k | ▲ 153% |
| Cash at bank and in hand54/58 | €48k | €55k | €72k | €30k | €26k | ▼ 13.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | €4k | €5k | €4k | ▼ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181k | €128k | €218k | €173k | €158k | ▼ 8.8% |
| Equity10/15 | €52k | €71k | €38k | €26k | €21k | ▼ 21.2% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €38k | €57k | €18k | €6k | €77 | ▼ 98.6% |
| Amounts payable17/49 | €129k | €57k | €179k | €147k | €138k | ▼ 6.6% |
| Amounts payable after more than one year17 | €19k | - | €53k | €38k | €22k | ▼ 42.3% |
| Financial debts170/4 | €19k | - | €53k | €38k | €22k | ▼ 42.3% |
| Amounts payable within one year42/48 | €110k | €57k | €126k | €110k | €116k | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | €13k | €10k | €15k | €15k | €16k | ▲ 4.6% |
| Trade debts44 | €28k | €27k | €26k | €47k | €54k | ▲ 15.9% |
| Suppliers440/4 | €28k | €27k | €26k | €47k | €54k | ▲ 15.9% |
| Advances received on contracts in progress46 | €52k | - | €2k | - | €579 | - |
| Taxes, remuneration and social security45 | €13k | €7k | - | €9k | €470 | ▼ 95.0% |
| Taxes450/3 | €8k | €400 | - | €9k | €470 | ▼ 95.0% |
| Remuneration and social security454/9 | €5k | €6k | - | - | - | - |
| Other amounts payable47/48 | €4k | €13k | €84k | €38k | €45k | ▲ 16.8% |
| Accrued charges and deferred income492/3 | - | €9 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €21k | €26k | €8k | €8k | ▲ 3.8% |
| + Depreciation and write-downs630 | €5k | €5k | €11k | €20k | €17k | ▼ 18.0% |
| Operating cash flow (approximation) | €29k | €26k | €37k | €28k | €24k | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | €-2k | €-75k | €0 | €-773 | - |
| Change in cash | - | €7k | €17k | €-42k | €-4k | ▲ 90.6% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Koekelberg · 1 establishment unit since 2017
Ground area
1,006 m²
Building footprint
634 m²
Volume, LiDAR
11,375 m³
2 parcels, Brussels · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
"VITRO-FLEX"
since 20172.273.716.127
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21011A0013/00Y000 | Brussels | 921 m² | 1 · 577 m² | 22.1 m · 6 fl. |
| 21011A0040/00T005 | Brussels | 85 m² | 1 · 57 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
254900HY0C1PDIDVSU59
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Of 6,997 companies in sector 81220 we hold annual accounts for 2,414. 1,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.