Vivaldi Projects
Vivaldi Projects has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112k and a net result of €8k. Equity is shrinking by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €112k |
| Net result | €8k |
| Staff (FTE) | 1.4 |
| Better than sector | 25% |
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.6% | 35.5% | |
| Net result | €8k | €58k | |
| Equity | €112k | €174k | |
| Gross operating margin | €266k | €349k | |
| Staff costs | €73k | €214k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €188k | €98k | €185k |
| Net profit | €8k | €-63k | €34k |
| Cash flow | €152k | €78k | €160k |
| Staff costs | €73k | €223k | €202k |
| Income taxes | €1k | €-89 | €6k |
| Dividends | - | - | - |
| Total assets | €887k | €1.03M | €1.02M |
| Equity | €112k | €104k | €167k |
| Debt | €776k | €925k | €850k |
| of which ≤ 1y | €395k | €546k | €342k |
| of which > 1y | €381k | €380k | €509k |
| Working capital | €158k | €11k | €111k |
| Employees (FTE) | 1.4 | 4.4 | 4.4 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.40 | 1.02 | 1.33 |
| Quick ratio | 0.23 | 0.12 | 0.42 |
| Working capital ratio | 17.8% | 1.0% | 10.9% |
| Solvency | 12.6% | 10.1% | 16.4% |
| Debt / equity | 6.96 | 8.92 | 5.09 |
| Long-term debt ratio | 3.41 | 3.66 | 3.04 |
| Interest coverage | 9.04 | 4.82 | 9.59 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.9% | -6.2% | 3.3% |
| ROE | 7.0% | -61.1% | 20.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €887k | €1.03M | €1.02M |
| Fixed assets | 21/28 | €334k | €473k | €564k |
| Intangible fixed assets | 21 | €9k | €7k | - |
| Tangible fixed assets | 22/27 | €325k | €466k | €564k |
| Current assets | 29/58 | €553k | €556k | €453k |
| Stocks & contracts in progress | 3 | €462k | €489k | €310k |
| Amounts receivable within one year | 40/41 | €55k | €55k | €129k |
| Cash & bank | 54/58 | €26k | €642 | €2k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €887k | €1.03M | €1.02M |
| Equity | 10/15 | €112k | €104k | €167k |
| Contributions / capital | 10/11 | €6k | €6k | €6k |
| Reserves | 13 | €105k | €105k | €161k |
| Accumulated profits (losses) | 14 | - | €-8k | - |
| Amounts payable | 17/49 | €776k | €925k | €850k |
| Amounts payable after one year | 17 | €381k | €380k | €509k |
| Amounts payable within one year | 42/48 | €395k | €546k | €342k |
| Trade debts payable within one year | 44 | €90k | €113k | €98k |
| Income statement | ||||
| Gross operating margin | 9900 | €266k | €326k | €456k |
| Operating result | 9901 | €44k | €-43k | €59k |
| Financial income | 75 | €4 | €88 | €454 |
| Financial charges | 65 | €21k | €20k | €19k |
| Result before taxes | 9903 | €9k | €-63k | €40k |
| Income taxes | 67/77 | €1k | €-89 | €6k |
| Net result for the period | 9904 | €8k | €-63k | €34k |
| Result to be appropriated | 9905 | €8k | €-63k | €34k |
Former directors (3)
-
DEVINCK RubenNon-statutory directorState Gazette act 22356161 (07-09-2022)Former- → 07-09-2022
-
VANGELDER ChristiaanNon-statutory directorState Gazette act 22356161 (07-09-2022)Former- → 07-09-2022
-
VANGELDER SebastiaanNon-statutory directorState Gazette act 22356161 (07-09-2022)Former- → 07-09-2022
| NACE primary | Repair and maintenance of furniture and upholstery(95240) |
| Legal form | Private limited company(610) |
| Incorporation | 18-10-2011 |
| Status | Active |
| Postal code | 2550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0041/00H002 | Flanders | 1,161 m² | 1 · 130 m² | 7.5 m · 2 fl. |
| 11804D3476/00P002 | Flanders | 109 m² | 1 · 105 m² | 22.1 m · 6 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-09-2022 3 resigning
- VANGELDER Christiaan, Niet-statutair bestuurder
- VANGELDER Sebastiaan, Niet-statutair bestuurder
- DEVINCK Ruben, Niet-statutair bestuurder
Technical details
{
"events": [
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "niet_statutair bestuurder",
"person": {
"rrn": null,
"name": "VANGELDER Christiaan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerders, hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot hun herbenoeming als niet-statutair bestuurder voor een onbepaalde duur:",
"decharge_status": "pending_next_agm",
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "niet_statutair bestuurder",
"person": {
"rrn": null,
"name": "VANGELDER Sebastiaan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerders, hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot hun herbenoeming als niet-statutair bestuurder voor een onbepaalde duur:",
"decharge_status": "pending_next_agm",
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "niet_statutair bestuurder",
"person": {
"rrn": null,
"name": "DEVINCK Ruben",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerders, hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot hun herbenoeming als niet-statutair bestuurder voor een onbepaalde duur:",
"decharge_status": "pending_next_agm",
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Sabine Van Buggenhout",
"firm_city": null,
"firm_name": null,
"office_city": "Meise",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-09-07",
"filing_date": "2022-09-05",
"act_kind_objet": "WIJZIGING RECHTSVORM, MAATSCHAPPELIJKE ZETEL, ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN)"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2022-08-31",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0840.432.942",
"name_full": "VIVALDI PROJECTS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Sabine Van Buggenhout",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"Tegelijk neergelegd - geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | Vivaldi Projects |