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Vlaco

Active
Non-profit associationfounded 1992active for 34 yearsJubellaan 155, 2800 Mechelen, BelgiumKBO/BCE: BE 0447.445.657
Summary

Vlaco has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €712,425 and a net result of €3,198. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 50% of 239 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
VlacoActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Other research and development on natural sciences
NACE 72109
7th oldest company in the province of Antwerp, Research and development sector1 site
Size
≈ €2.3mturnover 2025, estimated
Staff
9.7 FTE
Equity
€712,425
Surplus
€3,198
Turnover estimated from the gross margin
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
18 members
2025 accounts 24 days early5 of 15 deeds summarised
Why 94lowers riskLegal form: non-profit associationLiquidity: current ratio 4.81, cash €633,673Founded in 1992Equity €712,425 (49.2% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 72, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 74-3
equity 49.2% of total assets
Liquidity 93=
short-term debt 20.7% · cash 43.8%
Profitability 19-50
return on assets 0.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (935 companies, NACE 72, micro)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024highest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.81, compared with 4.5 in 2024, above the usual 1.5; short-term debt: 20.7% and cash: 43.8% of total assets), but 50.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, micro): better than 44% on solvency, 83% on liquidity, 28% on profitability and 49% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 4.81, cash €633,673
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €712,425 (49.2% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
24 days early
2024
57 days early
2023
26 days early
2022
34 days early
2021
32 days early
2020
58 days early
2019
29 days early
← 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 37 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Jeroen Delvaux (director) and Bruno…Resignations: Antoine Vandewalle, Jonathan De…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Back to profitnet €3,198

Key points

  • Board changedlatest change 04-06-2026 · 18 in office 4 joined · 3 left View
  • Positive: 7th oldest company in the province of Antwerp, Research and development sectorin the Checked rankings No. 7 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Flemish supportawarded from 2022 to 2025 €1.3m View

By topic

Financials

Financial year
2025
Total assets
€1.4m
Profit
€3,198
Solvency
49.2%
Turnover▼ 6.2%
Net result
20182022
Go to Financials

Board & ownership

Board
18 members
  • Philip PeetersChair
  • Del’haye, Johan JozefDirector
  • Bonnier, JohanDirector
  • Braekevelt, Ann Mieke EstherDirector
  • Descamps, Bart, Pieter, PaulDirector

and 13 other directors

Go to Board & ownership

Timeline

Events
29
Since
2007
Next accounts
by 31-07-2027
  1. 28-10-2025Appointments: Meersmans Wouter, Peeters, Philip and Johan…
  2. 01-07-2025Resignations: BOEYE Jean, SCHELFHOUT André and 2…
  3. 04-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Other research and development on natural sciencesNACE 72109
Founded
26-03-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Purpose
“Het duurzaam materialen-,nutriënten-,energie- en bodembeleid uitvoeren én mee ontwikkelen…” (deed in Dutch)
Go to Articles of association

Key facts about Vlaco

What is the company number of Vlaco?
0447.445.657. In Belgium the VAT number is the company number with BE in front: BE 0447.445.657.
Where is Vlaco based?
The registered office is at Jubellaan 155, 2800 Mechelen.Company details
What does Vlaco do?
According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of Vlaco?
Non-profit association (VZW).
When was Vlaco founded?
On 26-03-1992.
Is Vlaco still active?
Yes, Vlaco is an active enterprise in the KBO register.
How many employees does Vlaco have?
On average 9.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Vlaco?
€1.1m in financial year 2022, according to the filed annual accounts.
Is Vlaco profitable?
In financial year 2025, Vlaco made a profit of €3,198.
Where can I find the annual accounts of Vlaco?
Vlaco filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Vlaco due?
By 31-07-2027, for financial year 2026.Timeline

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