Vlaco
ActiveVlaco has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €712k and a net result of €3k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 50% of 187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▲+2
Solvency98▼-1
Growth40▲+17
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 4.81 against 4.5 in 2024), but 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← fewer bankruptcies
more bankruptcies →
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
49.2%
Return on assets
0.2%
Age of the figures
8 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
57 d early
2023
26 d early
2022
34 d early
2021
32 d early
2020
58 d early
2019
29 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.08M▼ 6.2%
2021 · €1.15M
2018: €1.55M
2019: €1.59M
2020: €1.62M
2021: €1.15M
2018 → 2022
EBIT margin
0.9%▼ 5.4pp
2021 · 6.3%
2018: 0.2%
2019: 1.4%
2020: 0.2%
2021: 6.3%
2018 → 2022
Net result
€3k
2024 · €-264
2018: €934
2019: €22k
2020: €1k
2021: €69k
2022: €3k
2023: €-374k
2024: €-264
2018 → 2025
Working capital
€1.14M▲ 8.5%
2024 · €1.05M
2018: €1.12M
2019: €1.09M
2020: €1.39M
2021: €1.27M
2022: €1.12M
2023: €914k
2024: €1.05M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.15M-€1.08M▼ 6.2%
Equity€1.08M-€1.08M▲ 0.3%€709k▼ 34.5%€709k=€712k▲ 0.5%
Operating result€72k-€10k▼ 86.6%€-372k€-8k▲ 98.0%€-15k▼ 102%
Net result€69k-€3k▼ 95.3%€-374k€-264▲ 99.9%€3k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €8k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€10k▼ 39.8%
Current assets
€1.44M▲ 6.6%
Equity and liabilities €1.45M
Equity
€712k▲ 0.5%
Provisions
€276k▲ 5.5%
Debt
€460k▲ 16.4%
The debt ratio rises from 28.9% to 31.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-8k▼
2024 · €9k
Cash flow
€10k▼
2024 · €16k
Solvency
49.2%▼
2024 · 51.9%
Current ratio
4.81▲
2024 · 4.50
Quick ratio
4.81▲
2024 · 4.50
Debt / equity
0.65▲
2024 · 0.56
ROE
0.4%▲
2024 · 0.0%
ROA
0.2%▲
2024 · 0.0%
Interest coverage
-40.66▼
2024 · 42.14
Debt
€460k▲
2024 · €395k
Debt ≤ 1 year
€299k▼
2024 · €300k
Income taxes
€4k▲
2024 · €3k
Staff costs
€1.19M▲
2024 · €1.12M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€1.45M▲
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€17k€10k▼
Plant, machinery and equipment23€13k€7k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€1.35M€1.44M▲
Amounts receivable within one year40/41€91k€91k▲
Trade receivables40€91k€3k▼
Other amounts receivable41-€88k
Current investments50/53€701k€707k▲
Cash at bank and in hand54/58€552k€634k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.45M▲
Equity10/15€709k€712k▲
Contributions10/11€176k€176k=
Capital10€176k€176k=
Reserves13€695k€695k=
Profit (loss) carried forward14€-162k€-159k▲
Provisions and deferred taxes16€261k€276k▲
Provisions for liabilities and charges160/5€261k€276k▲
Other liabilities and charges164/5€261k€276k▲
Amounts payable17/49€395k€460k▲
Amounts payable within one year42/48€300k€299k▼
Trade debts44€177k€161k▼
Suppliers440/4€177k€161k▼
Taxes, remuneration and social security45€122k€138k▲
Remuneration and social security454/9€122k€138k▲
Accrued charges and deferred income492/3€95k€161k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.12M€1.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€44▼
Other operating charges640/8€5k€10k▲
Non-recurring operating charges66A-€-7k
Gross operating margin9900€1.40M€1.34M▼
Operating profit (loss)9901€-8k€-15k▼
Financial income75/76B€11k€22k▲
Recurring financial income75€11k€22k▲
Financial charges65/66B€216€208▼
Recurring financial charges65€216€208▼
Profit (loss) for the period before taxes9903€3k€7k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€-264€3k▲
Profit (loss) for the period to be appropriated9905€-264€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-162k€-159k▲
Profit (loss) brought forward from the previous period14P€-162k€-162k▼
Social balance
Average headcount (FTE)908711.49.7▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-374k ▼11569%
Net result drops to €-374k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €69k ▲5914%
Operating result €72k, net result €69k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.01M ▲2.2%
2 profitable years in a row build equity to €1.01M.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-10-2025
De Witte Jonathan: Resigned as Director
19-05-2025
ANNÉ Thomas: Resigned as Director
19-05-2025
BOEYE Jean: Resigned as Director
19-05-2025
BUSSCHAERT Jeroen: Resigned as Director
19-05-2025
SCHELFHOUT André: Resigned as Director
16-06-2022
Bogaerts, Sven: Resigned as Director
23-12-2021
Kinders, Martina Martha Leander: Resigned as Director
08-10-2021
Dedeyne, Henk: Resigned as Director
13-06-2017
Boeckx, Jozef Maria Marcel: Resigned as Director
13-06-2017
De Bie Maarten: Resigned as Director
13-06-2017
Everaert, Anja: Resigned as Director
13-06-2017
Schoutteten, Geert: Resigned as Director
09-06-2016
Ocket Martin, Henri Desiré: Resigned as Director
09-06-2016
Schelfhout Kathleen, Sofie: Resigned as Director
22-06-2015
Van Hoydonck Jozef: Resigned as Director
17-03-2015
Macken Paul: Resigned as Director
17-03-2015
Van Doninck Ludo: Resigned as Director
23-09-2014
Schuurmans Kevin: Resigned as Director
10-06-2014
Platteau Wouter, Etienne, Christine: Resigned as Director
09-07-2013
Emanuel Wandels: Resigned as Director
09-07-2013
Pieter Vandenberghe: Resigned as Director
01-03-2013
Pieter Vijncke: Resigned as Director
08-02-2013
Luc Vanacker: Resigned as Director
08-02-2013
Meeus, Rudolf: Resigned as Director
+ 2 not shown in this overview
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2007
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.
Jubellaan 1552800 MechelenGround area
3,831 m²
Building footprint
1,450 m²
Volume, LiDAR
10,422 m³
Parcel 12403E0456/00T000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VLAAMSE COMPOSTORGANISATIE vzw
since 20072.159.648.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0456/00T000 | Flanders | 3,831 m² | 1 · 1,450 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Geert De Roover Statutory auditor | - → 03-05-2021 |
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Of 1,175 companies in sector 72109 we hold annual accounts for 712. 473 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded26-03-1992
Fiscal year end31-12
Legal name NL
Vlaco vzw
Activities, NACEBEL
72109Other research and development on natural sciences
73100
58110Book publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.