VIVANAT
ActiveSummary
The computed 12-month bankruptcy probability of VIVANAT is 1.6% (moderate). The 2025 annual accounts show negative equity (-€243,971) and a net result of €6,902. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+32
Solvency0=
Growth53=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.01 in 2024; short-term debt: 593.7% and cash: 32.4% of total assets), and equity is negative.
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Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-493.7%
Return on assets
14%
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 5% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 5%
← 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
8 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 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 (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. Usually files around 25 July (5 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€43,284▼ 18.9%
2022 · €53,339
EBIT margin
29.6%▼ 96.8pp
2022 · 126.4%
Net result
€6,902
2024 · -€4,742
Working capital
-€276,523▲ 3.9%
2024 · -€287,640
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€53,339€43,284▼ 18.9%
Operating result-€3,168€67,422€12,809▼ 81.0%-€4,654€7,053
Net result-€16,872below the sector's middle half€67,117above the sector's middle half€12,657within the sector's middle half▼ 81.1%-€4,742below the sector's middle half€6,902within the sector's middle half
EBIT margin126.4%29.6%▼ 96.8pp
Equity-€325,904below the sector's middle half▼ 5.5%-€258,787below the sector's middle half▲ 20.6%-€246,131below the sector's middle half▲ 4.9%-€250,872below the sector's middle half▼ 1.9%-€243,971below the sector's middle half▲ 2.8%
Total assets€56,675below the sector's middle half▼ 4.7%€29,889below the sector's middle half▼ 47.3%€34,895below the sector's middle half▲ 16.7%€40,245below the sector's middle half▲ 15.3%€49,413below the sector's middle half▲ 22.8%
Debt€382,579▲ 3.8%€288,676▼ 24.5%€281,025▼ 2.7%€291,117▲ 3.6%€293,384▲ 0.8%
Working capital-€332,098below the sector's middle half▼ 6.2%-€280,220below the sector's middle half▲ 15.6%-€262,585below the sector's middle half▲ 6.3%-€287,640below the sector's middle half▼ 9.5%-€276,523below the sector's middle half▲ 3.9%
Solvency-575.0%below the sector's middle half▼ 55.2pp-865.8%below the sector's middle half▼ 290.8pp-705.4%below the sector's middle half▲ 160.5pp-623.4%below the sector's middle half▲ 82.0pp-493.7%below the sector's middle half▲ 129.6pp
Current ratio0.13below the sector's middle half▼ 0.020.03below the sector's middle half▼ 0.100.07below the sector's middle half▲ 0.040.01below the sector's middle half▼ 0.050.06below the sector's middle half▲ 0.05
Return on assets (ROA)-29.8%below the sector's middle half▼ 52.7pp224.6%above the sector's middle half▲ 254.3pp36.3%above the sector's middle half▼ 188.3pp-11.8%below the sector's middle half▼ 48.1pp14.0%within the sector's middle half▲ 25.7pp
Staff (FTE)1=0.8▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,053 after a loss of €4,654 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,413
Fixed assets
€32,552 ▼ 11.5%
Current assets
€16,861 ▲ 385%
Key figures and ratios
EBITDA
€14,432▲
2024 · €2,569
Cash flow
€14,280▲
2024 · €2,481
Debt to equity
-1.20▼
2024 · -1.16
Interest coverage
80.59▲
2024 · 29.23
Debt ≤ 1 year
€293,384▲
2024 · €291,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% | 1.9% |
| 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 3,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €53,339 | €43,284 | - | - | - |
| Non-recurring operating income76A | - | €68,874 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €38,807 | €27,448 | - | - | - |
| Remuneration, social security and pensions62 | €16,731 | €13,610 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €954 | €3,819 | €4,979 | €7,223 | €7,378 | ▲ 2.2% |
| Other operating charges640/8 | €1,104 | €1,835 | €1,138 | €1,184 | €479 | ▼ 59.6% |
| Non-recurring operating charges66A | - | - | €186 | €902 | €63 | ▼ 93.0% |
| Gross operating margin9900 | €15,621 | €86,686 | €19,112 | €4,656 | €14,974 | ▲ 222% |
| Operating profit (loss)9901 | -€3,168 | €67,422 | €12,809 | -€4,654 | €7,053 | ▲ 252% |
| Financial income75/76B | - | - | - | - | €28 | - |
| Recurring financial income75 | - | - | - | - | €28 | - |
| Financial charges65/66B | €13,704 | €305 | €152 | €88 | €179 | ▲ 104% |
| Recurring financial charges65 | €315 | €305 | €152 | €88 | €179 | ▲ 104% |
| Non-recurring financial charges66B | €13,389 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€16,872 | €67,117 | €12,657 | -€4,742 | €6,902 | ▲ 246% |
| Profit (loss) for the period9904 | -€16,872 | €67,117 | €12,657 | -€4,742 | €6,902 | ▲ 246% |
| Profit (loss) for the period to be appropriated9905 | -€16,872 | €67,117 | €12,657 | -€4,742 | €6,902 | ▲ 246% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,675 | €29,889 | €34,895 | €40,245 | €49,413 | ▲ 22.8% |
| Fixed assets21/28 | €6,194 | €21,433 | €16,454 | €36,768 | €32,552 | ▼ 11.5% |
| Tangible fixed assets22/27 | €5,934 | €21,433 | €16,454 | €36,768 | €32,552 | ▼ 11.5% |
| Plant, machinery and equipment23 | €4,903 | €5,765 | €4,711 | €6,634 | €8,444 | ▲ 27.3% |
| Furniture and vehicles24 | €1,031 | €15,668 | €11,743 | €30,134 | €24,108 | ▼ 20.0% |
| Financial fixed assets28 | €260 | - | - | - | - | - |
| Current assets29/58 | €50,481 | €8,456 | €18,440 | €3,477 | €16,861 | ▲ 385% |
| Stocks and contracts in progress3 | €2,659 | - | - | - | - | - |
| Stocks30/36 | €2,659 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €41,826 | €2,822 | - | €195 | €174 | ▼ 10.8% |
| Trade receivables40 | €26,280 | €2,022 | - | - | - | - |
| Other amounts receivable41 | €15,546 | €800 | - | €195 | €174 | ▼ 10.8% |
| Cash at bank and in hand54/58 | €5,528 | €4,251 | €17,874 | €2,778 | €16,026 | ▲ 477% |
| Deferred charges and accrued income490/1 | €469 | €1,383 | €566 | €503 | €661 | ▲ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,675 | €29,889 | €34,895 | €40,245 | €49,413 | ▲ 22.8% |
| Equity10/15 | -€325,904 | -€258,787 | -€246,131 | -€250,872 | -€243,971 | ▲ 2.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,681 | €1,681 | €1,681 | €1,681 | €1,681 | = |
| Non-distributable reserves130/1 | €1,681 | €1,681 | €1,681 | €1,681 | €1,681 | = |
| Reserves not available under the articles1311 | €1,681 | €1,681 | €1,681 | €1,681 | €1,681 | = |
| Profit (loss) carried forward14 | -€346,185 | -€279,068 | -€266,411 | -€271,153 | -€264,251 | ▲ 2.5% |
| Amounts payable17/49 | €382,579 | €288,676 | €281,025 | €291,117 | €293,384 | ▲ 0.8% |
| Amounts payable within one year42/48 | €382,579 | €288,676 | €281,025 | €291,117 | €293,384 | ▲ 0.8% |
| Financial debts43 | €3,380 | - | - | - | - | - |
| Credit institutions430/8 | €3,380 | - | - | - | - | - |
| Trade debts44 | €67,398 | €3,458 | €1,227 | €102 | €301 | ▲ 196% |
| Suppliers440/4 | €67,398 | €3,458 | €1,227 | €102 | €301 | ▲ 196% |
| Advances received on contracts in progress46 | - | - | - | - | €900 | - |
| Taxes, remuneration and social security45 | €495 | €610 | €1,047 | - | - | - |
| Taxes450/3 | - | €610 | €1,047 | - | - | - |
| Remuneration and social security454/9 | €495 | - | - | - | - | - |
| Other amounts payable47/48 | €311,306 | €284,608 | €278,752 | €291,015 | €292,182 | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,872 | €67,117 | €12,657 | -€4,742 | €6,902 | ▲ 246% |
| + Depreciation and write-downs630 | €954 | €3,819 | €4,979 | €7,223 | €7,378 | ▲ 2.2% |
| Operating cash flow (approximation) | -€15,918 | €70,935 | €17,635 | €2,481 | €14,280 | ▲ 475% |
| Investment in fixed assets (approximation) | - | -€19,058 | €0 | -€27,537 | -€3,162 | ▲ 88.5% |
| Change in cash | - | -€1,277 | €13,623 | -€15,096 | €13,248 | ▲ 188% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6,902
Net result €6,902 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €67,117
Net result €67,117 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€16,872
Net result drops to -€16,872, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Back to profitnet €1,432
Net result €1,432 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Rumes · 2 establishment units since 2003
Ground area
655 m²
Building footprint
136 m²
Volume, LiDAR
1,144 m³
2 parcels, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Rue de la Poterie(RS) 38, 7610 Rumes
since 20032.114.233.774
MOULIN ROUGE
since 20042.144.292.391
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57072C0297/00P000 | Wallonia | 530 m² | 1 · 77 m² | 8.6 m · 2 fl. |
| 57081F0070/00E000 | Wallonia | 125 m² | 1 · 59 m² | 14.0 m · 4 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
47521Retail sale of hardware, building materials, paint and glass (general range)
81220Other building cleaning and industrial cleaning
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478880684
Also
9925:BE0478880684
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.