Summary
Vlamalin has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.9m and a net result of €1.6m. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 75% of 270 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 26-03-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
10 d early
2023
50 d early
2022
30 d early
2021
50 d early
2020
4 d early
2019
1 d 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 21 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close29-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€244,196▲ 33.2%
2024 · €183,333
EBIT margin
67.8%▼ 62.3pp
2024 · 130.1%
Net result
€1.6m▲ 1,060%
2024 · €137,371
Working capital
-€395,856▲ 75.1%
2024 · -€1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€300,000▲ 43.9%€200,000▼ 33.3%€200,000=€183,333▼ 8.3%€244,196▲ 33.2%
Operating result€163,622▲ 85.9%€127,009▼ 22.4%€124,484▼ 2.0%€238,557▲ 91.6%€165,676▼ 30.6%
Net result€63,887within the sector's middle half▲ 217%€60,406within the sector's middle half▼ 5.4%€59,239within the sector's middle half▼ 1.9%€137,371within the sector's middle half▲ 132%€1.6mabove the sector's middle half▲ 1,060%
EBIT margin54.5%▲ 12.3pp63.5%▲ 9.0pp62.2%▼ 1.3pp130.1%▲ 67.9pp67.8%▼ 62.3pp
Equity€2.7mwithin the sector's middle half▲ 2.6%€2.7mwithin the sector's middle half▲ 2.3%€2.8mwithin the sector's middle half▲ 2.2%€1.5mwithin the sector's middle half▼ 45.4%€2.9mwithin the sector's middle half▲ 91.7%
Total assets€5.9mwithin the sector's middle half▲ 2.8%€5.9mwithin the sector's middle half▲ 1.4%€5.9mwithin the sector's middle half▼ 0.9%€5.9mwithin the sector's middle half▼ 0.1%€5.1mwithin the sector's middle half▼ 13.3%
Debt€3.0m▲ 3.4%€3.1m▲ 0.7%€3.0m▼ 3.7%€4.3m▲ 47.1%€2.2m▼ 50.0%
Working capital€209,800within the sector's middle half▼ 53.4%€99,699within the sector's middle half▼ 52.5%-€53,309within the sector's middle half-€1.6mbelow the sector's middle half▼ 2,883%-€395,856below the sector's middle half▲ 75.1%
Solvency45.5%within the sector's middle half▼ 0.1pp45.9%within the sector's middle half▲ 0.4pp47.3%within the sector's middle half▲ 1.4pp25.9%within the sector's middle half▼ 21.4pp57.2%above the sector's middle half▲ 31.3pp
Current ratio1.29within the sector's middle half▼ 1.161.11within the sector's middle half▼ 0.190.95within the sector's middle half▼ 0.160.38below the sector's middle half▼ 0.570.36below the sector's middle half▼ 0.03
Return on assets (ROA)1.1%within the sector's middle half▲ 0.7pp1.0%within the sector's middle half▼ 0.1pp1.0%within the sector's middle half=2.3%within the sector's middle half▲ 1.3pp31.3%above the sector's middle half▲ 29.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +1,060% on 2024. The previous fiscal year ran 11 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.9m ▼ 0.2%
Current assets
€217,999 ▼ 78.0%
Equity and liabilities €5.1m
Equity
€2.9m ▲ 91.7%
Provisions
€7,534 ▼ 21.2%
Debt
€2.2m ▼ 50.0%
Debt's share of the balance-sheet total falls from 74.0% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
54.7%▲
2024 · 9.0%
Debt ≤ 1 year
€613,855▼
2024 · €2.6m
Debt > 1 year
€1.5m▼
2024 · €1.8m
Income taxes
€34,362▼
2024 · €63,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €249,354 | €233,198 | €205,253 | €274,834 | ▲ 33.9% |
| Turnover70 | €300,000 | €200,000 | €200,000 | €183,333 | €244,196 | ▲ 33.2% |
| Other operating income74 | - | €49,355 | €33,198 | €21,920 | €30,638 | ▲ 39.8% |
| Operating charges60/66A | - | €122,345 | €108,714 | -€33,304 | €109,158 | ▲ 428% |
| Services and other goods61 | - | €80,466 | €83,855 | €80,197 | €85,815 | ▲ 7.0% |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,286 | €28,377 | €13,111 | €10,018 | €10,583 | ▲ 5.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€135,000 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €13,502 | €11,748 | €11,480 | €12,760 | ▲ 11.2% |
| Operating profit (loss)9901 | €163,622 | €127,009 | €124,484 | €238,557 | €165,676 | ▼ 30.6% |
| Financial income75/76B | - | €17,638 | €18,500 | €17,030 | €1.5m | ▲ 8,747% |
| Recurring financial income75 | €16,183 | €17,638 | €18,500 | €17,030 | €1.5m | ▲ 8,747% |
| Income from financial fixed assets750 | - | - | - | - | €1.5m | - |
| Income from current assets751 | - | €17,638 | €18,500 | €17,030 | €6,714 | ▼ 60.6% |
| Financial charges65/66B | - | €63,909 | €62,517 | €56,262 | €46,407 | ▼ 17.5% |
| Recurring financial charges65 | €94,177 | €63,909 | €62,517 | €56,262 | €46,407 | ▼ 17.5% |
| Debt charges650 | €93,792 | €63,754 | €62,364 | €56,110 | €46,232 | ▼ 17.6% |
| Other financial charges652/9 | - | €155 | €153 | €152 | €175 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €85,627 | €80,739 | €80,467 | €199,325 | €1.6m | ▲ 716% |
| Transfer from deferred taxes780 | - | €1,013 | €2,026 | €1,856 | €2,026 | ▲ 9.2% |
| Income taxes67/77 | €24,779 | €21,346 | €23,254 | €63,810 | €34,362 | ▼ 46.1% |
| Taxes670/3 | - | €21,400 | €23,300 | €63,810 | €34,362 | ▼ 46.1% |
| Tax adjustments and reversals of tax provisions77 | - | €54 | €46 | €0 | - | - |
| Profit (loss) for the period9904 | €63,887 | €60,406 | €59,239 | €137,371 | €1.6m | ▲ 1,060% |
| Transfer from tax-exempt reserves789 | - | €3,039 | €6,077 | €5,567 | €6,077 | ▲ 9.2% |
| Profit (loss) for the period to be appropriated9905 | €73,003 | €63,445 | €65,317 | €142,938 | €1.6m | ▲ 1,019% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €5.9m | €5.9m | €5.9m | €5.1m | ▼ 13.3% |
| Fixed assets21/28 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | ▼ 0.2% |
| Tangible fixed assets22/27 | €185,789 | €157,412 | €144,301 | €134,282 | €123,700 | ▼ 7.9% |
| Land and buildings22 | - | €89,974 | €89,974 | €89,974 | €89,974 | = |
| Plant, machinery and equipment23 | - | €67,438 | €54,327 | €44,308 | €33,726 | ▼ 23.9% |
| Financial fixed assets28 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Affiliated companies280/1 | - | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Participating interests280 | - | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Current assets29/58 | €922,831 | €1.0m | €987,966 | €990,212 | €217,999 | ▼ 78.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €905,394 | €1.0m | €967,861 | €971,894 | €181,540 | ▼ 81.3% |
| Trade receivables40 | - | €67,775 | €24,361 | €29,864 | €39,826 | ▲ 33.4% |
| Other amounts receivable41 | - | €942,638 | €943,500 | €942,030 | €141,714 | ▼ 85.0% |
| Cash at bank and in hand54/58 | €17,334 | €18,175 | €17,135 | €14,321 | €32,472 | ▲ 127% |
| Deferred charges and accrued income490/1 | - | €2,514 | €2,970 | €3,997 | €3,987 | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €5.9m | €5.9m | €5.9m | €5.1m | ▼ 13.3% |
| Equity10/15 | €2.7m | €2.7m | €2.8m | €1.5m | €2.9m | ▲ 91.7% |
| Contributions10/11 | €132,300 | €132,300 | €132,300 | €132,300 | €132,300 | = |
| Capital10 | - | €132,300 | €132,300 | €132,300 | €132,300 | = |
| Issued capital100 | - | €132,300 | €132,300 | €132,300 | €132,300 | = |
| Reserves13 | €2.5m | €2.6m | €2.7m | €1.4m | €2.8m | ▲ 100% |
| Non-distributable reserves130/1 | - | €13,230 | €13,230 | €13,230 | €13,230 | = |
| Legal reserve130 | - | €13,230 | €13,230 | €13,230 | €13,230 | = |
| Tax-exempt reserves132 | - | €99,705 | €93,627 | €88,060 | €81,983 | ▼ 6.9% |
| Distributable reserves133 | - | €2.5m | €2.5m | €1.3m | €2.7m | ▲ 109% |
| Provisions and deferred taxes16 | €149,454 | €148,441 | €146,415 | €9,560 | €7,534 | ▼ 21.2% |
| Provisions for liabilities and charges160/5 | - | €135,000 | €135,000 | €0 | - | - |
| Other liabilities and charges164/5 | - | €135,000 | €135,000 | €0 | - | - |
| Deferred taxes168 | - | €13,441 | €11,415 | €9,560 | €7,534 | ▼ 21.2% |
| Amounts payable17/49 | €3.0m | €3.1m | €3.0m | €4.3m | €2.2m | ▼ 50.0% |
| Amounts payable after more than one year17 | €2.3m | €2.1m | €1.9m | €1.8m | €1.5m | ▼ 11.8% |
| Financial debts170/4 | - | €2.1m | €1.9m | €1.8m | €1.5m | ▼ 11.8% |
| Credit institutions173 | - | €2.1m | €1.9m | €1.8m | €1.5m | ▼ 11.8% |
| Amounts payable within one year42/48 | €713,031 | €931,403 | €1.0m | €2.6m | €613,855 | ▼ 76.2% |
| Current portion of amounts payable after more than one year42 | - | €206,667 | €206,667 | €206,667 | €206,667 | = |
| Trade debts44 | €2,033 | €873 | €1,146 | €973 | €11,770 | ▲ 1,110% |
| Suppliers440/4 | - | €873 | €1,146 | €973 | €11,770 | ▲ 1,110% |
| Taxes, remuneration and social security45 | - | €6,400 | €18,300 | €43,800 | €9,338 | ▼ 78.7% |
| Taxes450/3 | - | €6,400 | €18,300 | €43,800 | €9,338 | ▼ 78.7% |
| Other amounts payable47/48 | - | €717,464 | €815,163 | €2.3m | €386,080 | ▼ 83.4% |
| Accrued charges and deferred income492/3 | - | €16,667 | €0 | €7,558 | €6,384 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,887 | €60,406 | €59,239 | €137,371 | €1.6m | ▲ 1,060% |
| + Depreciation and write-downs630 | €54,286 | €28,377 | €13,111 | €10,018 | €10,583 | ▲ 5.6% |
| Operating cash flow (approximation) | €118,173 | €88,783 | €72,351 | €147,389 | €1.6m | ▲ 988% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €842 | -€1,040 | -€2,814 | €18,151 | ▲ 745% |
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-08
Financial
Highest result since 2019net €1.6m ▲1,060%
Net result €1.6m, the highest in the series.
31-08
Financial
Equity above €2mEq €2.9m ▲91.7%
7 profitable years in a row build equity to €2.9m.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet €20,183 ▼93.7%
Net result drops to €20,183, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-10
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.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Waregem · 1 establishment unit since 1954
Ground area
2,527 m²
Building footprint
1,545 m²
Volume, LiDAR
12,769 m³
Parcel 34006A0267/00D003, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VLAMALIN - Best Baling Company, afgekort BBC - division BBC
since 19542.004.225.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0267/00D003 | Flanders | 2,527 m² | 1 · 1,544 m² | 10.3 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- VLASTGOED
- Vlamalin
Highest known parent: VLASTGOED. The sources do not say who stands above it.
Owners 1
- VLASTGOEDparent100%
Holdings 1
-
100%
According to the annual accounts to 31-08-2025 of Vlamalin and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 563 companies in sector 35150 we hold annual accounts for 230. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-08
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
28300Manufacture of machinery and equipment not elsewhere classified
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405205919
Also
9925:BE0405205919
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.