VIVATHERM
ActiveVIVATHERM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221k and a net result of €60k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 1632 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+7
Solvency61▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 6.94 against 2.68 in 2023; short-term debt: 6.5% and cash: 36.8% of total assets), but 64.5% of the assets are financed with debt.
Credit advice 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
153 d late
2022
92 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€221k▲ 15.9%
2023 · €191k
2018: €95k
2019: €104k
2020: €106k
2021: €126k
2022: €162k
2023: €191k
2018 → 2024
Total assets
€623k▼ 14.3%
2023 · €727k
2018: €250k
2019: €286k
2020: €365k
2021: €378k
2022: €591k
2023: €727k
2018 → 2024
Net result
€60k▲ 107%
2023 · €29k
2018: €46k
2019: €79k
2020: €2k
2021: €19k
2022: €37k
2023: €29k
2018 → 2024
Working capital
€239k▲ 4.5%
2023 · €229k
2018: €126k
2019: €151k
2020: €175k
2021: €116k
2022: €219k
2023: €229k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€106k-€126k▲ 18.2%€162k▲ 29.1%€191k▲ 18.0%€221k▲ 15.9%
Operating result€4k-€25k▲ 554%€47k▲ 88.5%€39k▼ 16.2%€75k▲ 90.4%
Net result€2k-€19k▲ 686%€37k▲ 88.9%€29k▼ 20.3%€60k▲ 107%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 90% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €623k
Fixed assets
€343k▼ 5.0%
Current assets
€280k▼ 23.4%
Equity and liabilities €623k
Equity
€221k▲ 15.9%
Debt
€402k▼ 25.0%
The debt ratio falls from 73.7% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2023 · €57k
Cash flow
€79k▲
2023 · €47k
Solvency
35.5%▲
2023 · 26.3%
Current ratio
6.94▲
2023 · 2.68
Quick ratio
6.67▲
2023 · 2.62
Debt / equity
1.81▼
2023 · 2.80
ROE
27.2%▲
2023 · 15.2%
ROA
9.7%▲
2023 · 4.0%
Interest coverage
20.42▲
2023 · 11.01
Debt
€402k▼
2023 · €536k
Debt ≤ 1 year
€40k▼
2023 · €136k
Debt > 1 year
€361k▼
2023 · €397k
Income taxes
€11k▲
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€727k€623k▼
Fixed assets21/28€362k€343k▼
Tangible fixed assets22/27€361k€343k▼
Land and buildings22€359k€341k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€665€665=
Current assets29/58€365k€280k▼
Stocks and contracts in progress3€9k€11k▲
Stocks30/36€9k€11k▲
Amounts receivable within one year40/41€254k€35k▼
Trade receivables40€152k€34k▼
Other amounts receivable41€102k€1k▼
Cash at bank and in hand54/58€98k€229k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€727k€623k▼
Equity10/15€191k€221k▲
Contributions10/11€16k€16k=
Reserves13€27k€52k▲
Distributable reserves133€27k€52k▲
Profit (loss) carried forward14€149k€154k▲
Amounts payable17/49€536k€402k▼
Amounts payable after more than one year17€397k€361k▼
Financial debts170/4€357k€331k▼
Other amounts payable178/9€40k€30k▼
Amounts payable within one year42/48€136k€40k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€106k€11k▼
Suppliers440/4€106k€11k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€1k€1k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€3k€31▼
Income statement
Code20232024
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€1k€641▼
Non-recurring operating charges66A-€949
Gross operating margin9900€60k€95k▲
Operating profit (loss)9901€39k€75k▲
Financial income75/76B€6k€1k▼
Recurring financial income75€6k€1k▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€40k€71k▲
Income taxes67/77€11k€11k▲
Profit (loss) for the period9904€29k€60k▲
Profit (loss) for the period to be appropriated9905€29k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€174k€209k▲
Profit (loss) brought forward from the previous period14P€145k€149k▲
Transfer to equity691/2€25k€25k=
To other reserves6921€25k€25k=
Profit to be distributed694/7-€30k
Directors or managers695-€30k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 6.94
Current ratio from 2.68 to 6.94; short-term debt falls from €136k to €40k.
31-12
Financial
Equity above €200kEq €221k ▲15.9%
7 profitable years in a row build equity to €221k.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Equity above €150kEq €162k ▲29.1%
5 profitable years in a row build equity to €162k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼96.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 8.36
Current ratio from 2.17 to 8.36; short-term debt falls from €128k to €24k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €79k ▲73.4%
Operating result €81k, net result €79k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲9.6%
2 profitable years in a row build equity to €104k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 39 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 393 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Constant Montaldlaan 781200 Sint-Lambrechts-WoluweGround area
328 m²
Building footprint
171 m²
Volume, LiDAR
1,385 m³
2 parcels, Brussels · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VIVATHERM
since 20112.197.275.078
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0009/00X029 | Brussels | 185 m² | 1 · 79 m² | 10.0 m · 3 fl. |
| 21674C0291/00F002 | Brussels | 143 m² | 1 · 93 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GROUPE DALLA VALLE
BE 0899.310.160
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TM MONTAGE
BE 0444.816.462
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RSC
BE 0782.300.149
Deinze · Eq €228k
CRM Techniek
BE 0628.462.802
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JAREG
BE 0895.373.940
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Of 886 companies in sector 33110 we hold annual accounts for 440. 329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2011
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
42219Civil engineering
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.