Vivesco
ActiveSummary
Vivesco has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €-95k. Its solvency ranks better than 81% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-7
Solvency100=
Growth32
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 6.95 against 7.0 in 2023; short-term debt: 12.4% and cash: 2.2% of total assets), and 25% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
75%
Return on assets
-42.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year €-95k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€166k▼ 36.4%
2023 · €261k
Total assets
€222k▼ 35.3%
2023 · €343k
Net result
€-95k▼ 204%
2023 · €-31k
Working capital
€163k▼ 37.2%
2023 · €260k
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
Line20232024
Operating result€-18k-€-92k▼ 425%
Net result€-31k-€-95k▼ 204%
Equity€261k-€166k▼ 36.4%
Total assets€343k-€222k▼ 35.3%
Debt€82k-€55k▼ 32.0%
Working capital€260k-€163k▼ 37.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €92k in 2024 against €18k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€31k ▼ 21.4%
Current assets
€190k ▼ 37.2%
Equity and liabilities €222k
Equity
€166k ▼ 36.4%
Debt
€55k ▼ 32.0%
Debt's share of the balance-sheet total rises from 23.8% to 25.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-82k▼
2023 · €-13k
Cash flow
€-85k▼
2023 · €-27k
Current ratio
6.95▼
2023 · 7.00
Debt to equity
0.33▲
2023 · 0.31
ROE
-57.2%▼
2023 · -12.0%
ROA
-42.9%▼
2023 · -9.1%
Interest coverage
-27.55▼
2023 · -4.28
Debt ≤ 1 year
€27k▼
2023 · €43k
Debt > 1 year
€28k▼
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €10k | ▲ 107% |
| Other operating charges640/8 | €3k | €1k | ▼ 43.7% |
| Gross operating margin9900 | €-10k | €-81k | ▼ 695% |
| Operating profit (loss)9901 | €-18k | €-92k | ▼ 425% |
| Financial income75/76B | €5k | €106 | ▼ 98.0% |
| Recurring financial income75 | €6 | €106 | ▲ 1,677% |
| Non-recurring financial income76B | €5k | - | - |
| Financial charges65/66B | €4k | €3k | ▼ 19.6% |
| Recurring financial charges65 | €3k | €3k | ▼ 0.2% |
| Non-recurring financial charges66B | €720 | - | - |
| Profit (loss) for the period before taxes9903 | €-16k | €-95k | ▼ 498% |
| Income taxes67/77 | €15k | - | - |
| Profit (loss) for the period9904 | €-31k | €-95k | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €-95k | ▼ 204% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €343k | €222k | ▼ 35.3% |
| Fixed assets21/28 | €40k | €31k | ▼ 21.4% |
| Tangible fixed assets22/27 | €40k | €31k | ▼ 21.4% |
| Furniture and vehicles24 | €40k | €31k | ▼ 21.4% |
| Financial fixed assets28 | €60 | €60 | = |
| Current assets29/58 | €303k | €190k | ▼ 37.2% |
| Amounts receivable within one year40/41 | €299k | €184k | ▼ 38.5% |
| Trade receivables40 | €40k | €3k | ▼ 92.7% |
| Other amounts receivable41 | €260k | €181k | ▼ 30.2% |
| Cash at bank and in hand54/58 | €2k | €5k | ▲ 134% |
| Deferred charges and accrued income490/1 | €2k | €2k | ▼ 4.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €343k | €222k | ▼ 35.3% |
| Equity10/15 | €261k | €166k | ▼ 36.4% |
| Contributions10/11 | €1k | €1k | = |
| Reserves13 | €300k | €300k | = |
| Tax-exempt reserves132 | €36k | €36k | = |
| Distributable reserves133 | €264k | €264k | = |
| Profit (loss) carried forward14 | €-40k | €-135k | ▼ 238% |
| Amounts payable17/49 | €82k | €55k | ▼ 32.0% |
| Amounts payable after more than one year17 | €38k | €28k | ▼ 25.9% |
| Financial debts170/4 | €38k | €28k | ▼ 25.9% |
| Amounts payable within one year42/48 | €43k | €27k | ▼ 36.8% |
| Current portion of amounts payable after more than one year42 | €9k | €10k | ▲ 5.8% |
| Financial debts43 | €8k | - | - |
| Credit institutions430/8 | €8k | - | - |
| Trade debts44 | €11k | €7k | ▼ 36.3% |
| Suppliers440/4 | €11k | €7k | ▼ 36.3% |
| Taxes, remuneration and social security45 | €15k | €10k | ▼ 31.4% |
| Taxes450/3 | €10k | €10k | ▲ 6.8% |
| Remuneration and social security454/9 | €5k | - | - |
| Accrued charges and deferred income492/3 | €362 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €-95k | ▼ 204% |
| + Depreciation and write-downs630 | €5k | €10k | ▲ 107% |
| Operating cash flow (approximation) | €-27k | €-85k | ▼ 221% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €3k | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
NBB filing
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, Destelbergen · 1 establishment unit since 2015
Ground area
256 m²
Building footprint
79 m²
Volume, LiDAR
438 m³
Parcel 44013A0115/00D004, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE BUCK Tim
since 20152.245.874.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0115/00D004 | Flanders | 256 m² | 1 · 79 m² | 9.3 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.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 5,235 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
Founded01-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68110Buying and selling of own real estate
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate appraisal on a fee or contract basis
68329Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.