Vivalco
ActiveSummary
Vivalco has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €44k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+6
Solvency94▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.95 against 4.87 in 2024; short-term debt: 10.6% and cash: 3.8% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
14.5%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
51 d early
2022
28 d late
2021
27 d early
2020
50 d early
2019
27 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
€209k▲ 8.1%
2024 · €194k
2018: €93klowest in 8 years
2019: €109k▲ +17.0% vs 2018
2020: €137k▲ +26.2% vs 2019
2021: €163k▲ +19.1% vs 2020
2022: €154k▼ -5.5% vs 2021
2023: €164k▲ +6.4% vs 2022
2024: €194k▲ +17.9% vs 2023
2025: €209k▲ +8.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€304k▲ 0.8%
2024 · €302k
2018: €275k
2019: €266k▼ -3.3% vs 2018lowest in 8 years
2020: €283k▲ +6.4% vs 2019
2021: €294k▲ +4.0% vs 2020
2022: €292k▼ -0.8% vs 2021
2023: €294k▲ +0.9% vs 2022
2024: €302k▲ +2.4% vs 2023
2025: €304k▲ +0.8% vs 2024highest in 8 years
2018 → 2025
Net result
€44k▲ 50.0%
2024 · €29k
2018: €10klowest in 8 years
2019: €16k▲ +55.7% vs 2018
2020: €29k▲ +85.3% vs 2019
2021: €27k▼ -7.7% vs 2020
2022: €33k▲ +23.4% vs 2021
2023: €26k▼ -22.3% vs 2022
2024: €29k▲ +13.7% vs 2023
2025: €44k▲ +50.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€127k▲ 5.4%
2024 · €120k
2018: €55klowest in 8 years
2019: €63k▲ +13.3% vs 2018
2020: €86k▲ +37.3% vs 2019
2021: €105k▲ +22.5% vs 2020
2022: €90k▼ -14.2% vs 2021
2023: €95k▲ +5.0% vs 2022
2024: €120k▲ +27.1% vs 2023
2025: €127k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€154k▼ 5.5%€164k▲ 6.4%€194k▲ 17.9%€209k▲ 8.1%
2021: €163k
2022: €154k▼ -5.5% vs 2021lowest in 5 years
2023: €164k▲ +6.4% vs 2022
2024: €194k▲ +17.9% vs 2023
2025: €209k▲ +8.1% vs 2024highest in 5 years
Operating result€36k-€49k▲ 35.9%€37k▼ 24.7%€43k▲ 14.6%€60k▲ 40.1%
2021: €36klowest in 5 years
2022: €49k▲ +35.9% vs 2021
2023: €37k▼ -24.7% vs 2022
2024: €43k▲ +14.6% vs 2023
2025: €60k▲ +40.1% vs 2024highest in 5 years
Net result€27k-€33k▲ 23.4%€26k▼ 22.3%€29k▲ 13.7%€44k▲ 50.0%
2021: €27k
2022: €33k▲ +23.4% vs 2021
2023: €26k▼ -22.3% vs 2022lowest in 5 years
2024: €29k▲ +13.7% vs 2023
2025: €44k▲ +50.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265k
Fixed assets
€106k ▼ 29.2%
Current assets
€159k ▲ 5.0%
Equity and liabilities €304k
Equity
€209k ▲ 8.1%
Debt
€95k ▼ 12.4%
Debt's share of the balance-sheet total falls from 35.8% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▲
2024 · €49k
Cash flow
€51k▲
2024 · €36k
Current ratio
4.95▲
2024 · 4.87
Debt to equity
0.45▼
2024 · 0.56
ROE
21.1%▲
2024 · 15.2%
ROA
14.5%▲
2024 · 9.8%
Interest coverage
19.43▼
2024 · 21.66
Debt ≤ 1 year
€32k▲
2024 · €31k
Debt > 1 year
€62k▼
2024 · €77k
Income taxes
€16k▲
2024 · €14k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€302k€304k▲
Formation expenses20-€39k
Fixed assets21/28€150k€106k▼
Tangible fixed assets22/27€150k€106k▼
Land and buildings22€143k€100k▼
Plant, machinery and equipment23€7k€6k▼
Current assets29/58€151k€159k▲
Amounts receivable after more than one year29€110k€110k=
Other amounts receivable291€110k€110k=
Amounts receivable within one year40/41€19k€34k▲
Trade receivables40€12k€11k▼
Other amounts receivable41€7k€23k▲
Cash at bank and in hand54/58€19k€12k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€302k€304k▲
Equity10/15€194k€209k▲
Contributions10/11€12k€12k=
Reserves13€181k€197k▲
Tax-exempt reserves132-€186k
Distributable reserves133€181k€11k▼
Amounts payable17/49€108k€95k▼
Amounts payable after more than one year17€77k€62k▼
Financial debts170/4€77k€62k▼
Amounts payable within one year42/48€31k€32k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€10k€10k▼
Taxes450/3€10k€10k▼
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3€69€199▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€51k€68k▲
Operating profit (loss)9901€43k€60k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€44k€60k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€29k€44k▲
Profit (loss) for the period to be appropriated9905€29k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€44k▲
Transfer from equity791/2-€26k
Transfer to equity691/2€29k€41k▲
To other reserves6921€29k€41k▲
Profit to be distributed694/7-€29k
Return on contributions (dividend)694-€26k
Directors or managers695-€3k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €7k | €7k | €7k | ▲ 5.0% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 9.0% |
| Gross operating margin9900 | €47k | €59k | €46k | €51k | €68k | ▲ 34.5% |
| Operating profit (loss)9901 | €36k | €49k | €37k | €43k | €60k | ▲ 40.1% |
| Financial income75/76B | €3k | €3k | €3k | €3k | €4k | ▲ 11.1% |
| Recurring financial income75 | €3k | €3k | €3k | €3k | €4k | ▲ 11.1% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €3k | ▲ 50.7% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €3k | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €38k | €50k | €39k | €44k | €60k | ▲ 37.3% |
| Income taxes67/77 | €11k | €17k | €13k | €14k | €16k | ▲ 11.0% |
| Profit (loss) for the period9904 | €27k | €33k | €26k | €29k | €44k | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €27k | €33k | €26k | €29k | €44k | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294k | €292k | €294k | €302k | €304k | ▲ 0.8% |
| Formation expenses20 | - | - | - | - | €39k | - |
| Fixed assets21/28 | €163k | €164k | €157k | €150k | €106k | ▼ 29.2% |
| Tangible fixed assets22/27 | €163k | €164k | €157k | €150k | €106k | ▼ 29.2% |
| Land and buildings22 | €163k | €155k | €149k | €143k | €100k | ▼ 30.0% |
| Plant, machinery and equipment23 | - | €9k | €8k | €7k | €6k | ▼ 13.0% |
| Current assets29/58 | €131k | €127k | €137k | €151k | €159k | ▲ 5.0% |
| Amounts receivable after more than one year29 | €85k | €110k | €110k | €110k | €110k | = |
| Other amounts receivable291 | €85k | €110k | €110k | €110k | €110k | = |
| Amounts receivable within one year40/41 | €24k | - | €10k | €19k | €34k | ▲ 77.1% |
| Trade receivables40 | - | - | €10k | €12k | €11k | ▼ 6.8% |
| Other amounts receivable41 | €24k | - | - | €7k | €23k | ▲ 207% |
| Cash at bank and in hand54/58 | €18k | €14k | €13k | €19k | €12k | ▼ 37.8% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | €4k | €4k | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294k | €292k | €294k | €302k | €304k | ▲ 0.8% |
| Equity10/15 | €163k | €154k | €164k | €194k | €209k | ▲ 8.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €151k | €142k | €152k | €181k | €197k | ▲ 8.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €186k | - |
| Distributable reserves133 | €149k | €140k | €152k | €181k | €11k | ▼ 93.8% |
| Amounts payable17/49 | €131k | €138k | €130k | €108k | €95k | ▼ 12.4% |
| Amounts payable after more than one year17 | €105k | €100k | €87k | €77k | €62k | ▼ 19.0% |
| Financial debts170/4 | €105k | €100k | €87k | €77k | €62k | ▼ 19.0% |
| Amounts payable within one year42/48 | €26k | €37k | €43k | €31k | €32k | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €17k | €18k | ▲ 3.4% |
| Trade debts44 | €1k | €2k | €2k | €3k | €1k | ▼ 60.9% |
| Suppliers440/4 | €1k | €2k | €2k | €3k | €1k | ▼ 60.9% |
| Taxes, remuneration and social security45 | €9k | €16k | €19k | €10k | €10k | ▼ 4.4% |
| Taxes450/3 | €9k | €16k | €19k | €10k | €10k | ▼ 4.4% |
| Other amounts payable47/48 | €800 | €4k | €7k | - | €3k | - |
| Accrued charges and deferred income492/3 | - | - | - | €69 | €199 | ▲ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €33k | €26k | €29k | €44k | ▲ 50.0% |
| + Depreciation and write-downs630 | €9k | €8k | €7k | €7k | €7k | ▲ 5.0% |
| Operating cash flow (approximation) | €36k | €41k | €33k | €36k | €51k | ▲ 41.5% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €0 | €37k | - |
| Change in cash | - | €-5k | €-394 | €5k | €-7k | ▼ 234% |
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
31-12
Financial
Highest result since 2018net €44k ▲50%
Operating result €60k, net result €44k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲8.1%
8 profitable years in a row build equity to €209k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €163k ▲19.1%
4 profitable years in a row build equity to €163k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Equity above €100kEq €109k ▲17%
2 profitable years in a row build equity to €109k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Beringen · 1 establishment unit since 2006
Ground area
1,357 m²
Building footprint
163 m²
Volume, LiDAR
773 m³
Parcel 71029A0401/00C002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AC Finance
since 20062.155.610.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029A0401/00C002 | Flanders | 1,357 m² | 1 · 163 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,445 EUR awarded · 2,445 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,950 EUR | 1,950 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
| 2022 | 1 | 360 EUR | 360 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,687 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
Founded26-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.