VLAEMINCK
ActiveVLAEMINCK has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €710k and a net result of €25k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+6
Solvency73▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.58 in 2024), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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
63.8%
Return on assets
2.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
57 d late
2023
28 d late
2022
38 d early
2021
24 d late
2020
13 d late
2019
14 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€710k▲ 3.6%
2024 · €685k
2018: €497k
2019: €501k
2020: €538k
2021: €590k
2022: €623k
2023: €670k
2024: €685k
2018 → 2025
Total assets
€1.11M▲ 4.3%
2024 · €1.07M
2018: €1.27M
2019: €1.33M
2020: €1.30M
2021: €1.29M
2022: €1.24M
2023: €1.22M
2024: €1.07M
2018 → 2025
Net result
€25k▲ 56.8%
2024 · €16k
2018: €11k
2019: €4k
2020: €37k
2021: €53k
2022: €32k
2023: €47k
2024: €16k
2018 → 2025
Working capital
€-44k▲ 45.2%
2024 · €-80k
2018: €-384k
2019: €-345k
2020: €-329k
2021: €-158k
2022: €-174k
2023: €-110k
2024: €-80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€590k-€623k▲ 5.4%€670k▲ 7.5%€685k▲ 2.4%€710k▲ 3.6%
Operating result€85k-€60k▼ 29.2%€75k▲ 25.2%€37k▼ 50.4%€48k▲ 28.9%
Net result€53k-€32k▼ 38.9%€47k▲ 46.2%€16k▼ 66.2%€25k▲ 56.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€908k▼ 5.2%
Current assets
€205k▲ 87.3%
Equity and liabilities €1.11M
Equity
€710k▲ 3.6%
Debt
€403k▲ 5.5%
The debt ratio rises from 35.8% to 36.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€99k▲
2024 · €87k
Cash flow
€76k▲
2024 · €66k
Solvency
63.8%▼
2024 · 64.2%
Current ratio
0.82▲
2024 · 0.58
Quick ratio
0.46▲
2024 · 0.34
Debt / equity
0.57▲
2024 · 0.56
ROE
3.5%▲
2024 · 2.3%
ROA
2.2%▲
2024 · 1.5%
Interest coverage
8.05▲
2024 · 6.64
Debt
€403k▲
2024 · €382k
Debt ≤ 1 year
€248k▲
2024 · €189k
Debt > 1 year
€155k▼
2024 · €193k
Income taxes
€11k▲
2024 · €8k
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€1.07M€1.11M▲
Fixed assets21/28€958k€908k▼
Tangible fixed assets22/27€957k€907k▼
Land and buildings22€902k€864k▼
Plant, machinery and equipment23€22k€20k▼
Furniture and vehicles24€32k€24k▼
Financial fixed assets28€960€960=
Current assets29/58€109k€205k▲
Stocks and contracts in progress3€45k€90k▲
Stocks30/36€45k€90k▲
Amounts receivable within one year40/41€36k€107k▲
Trade receivables40€29k€49k▲
Other amounts receivable41€7k€58k▲
Cash at bank and in hand54/58€28k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.11M▲
Equity10/15€685k€710k▲
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Reserves13€195k€220k▲
Non-distributable reserves130/1€620€620=
Legal reserve130€620€620=
Distributable reserves133€194k€219k▲
Profit (loss) carried forward14€-5k€-5k=
Amounts payable17/49€382k€403k▲
Amounts payable after more than one year17€193k€155k▼
Financial debts170/4€193k€155k▼
Amounts payable within one year42/48€189k€248k▲
Current portion of amounts payable after more than one year42€91k€88k▼
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€26k€52k▲
Suppliers440/4€26k€52k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€58k€91k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€51k▲
Other operating charges640/8€18k€28k▲
Gross operating margin9900€106k€128k▲
Operating profit (loss)9901€37k€48k▲
Financial income75/76B€16€20▲
Recurring financial income75€16€20▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€24k€36k▲
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€16k€25k▲
Profit (loss) for the period to be appropriated9905€16k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€20k▲
Profit (loss) brought forward from the previous period14P€-5k€-5k=
Transfer to equity691/2€16k€25k▲
To other reserves6921€16k€25k▲
The notes to these accounts (6 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €53k ▲43.3%
Operating result €85k, net result €53k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼64.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €501k ▲0.8%
2 profitable years in a row build equity to €501k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
27-03
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
6 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, Diksmuide · 2 establishment units since 1985
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.
Werkenstraat(V) 548600 DiksmuideGround area
5,812 m²
Building footprint
329 m²
Volume, LiDAR
1,936 m³
2 parcels, Flanders, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
vlaemick
since 19852.138.923.838
VLAEMINCK
since 20162.255.448.750
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32024E0643/00H003 | Flanders | 5,062 m² | 1 · 253 m² | 10.8 m · 2 fl. |
| 81016A0126/00C000 | Wallonia | 750 m² | 1 · 76 m² | 7.1 m · 2 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
DERPA
BE 0419.338.522
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DONATUSS
BE 0466.127.560
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MATHY-BY-BOLS
BE 0431.559.433
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DAVID DE CABOOTER
BE 0870.478.889
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HOME COACH
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Of 1,496 companies in sector 31004 we hold annual accounts for 615. 407 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-08-1985
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43320Joinery installation
45421
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.