VLAMINCK
ActiveThe computed 12-month bankruptcy probability of VLAMINCK is 2.6% (moderate). The annual accounts of VLAMINCK for fiscal year 2024 show a net loss of 83% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-25k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 25% of 2024 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-59
Solvency29▼-13
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.41 against 0.89 in 2023; short-term debt: 50.4% and cash: 0.2% of total assets), and 95.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
4.2%
Return on assets
-20.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
59 d late
2022
23 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 82.7%
2023 · €30k
2021: €14k
2022: €23k
2023: €30k
2021 → 2024
Total assets
€125k▼ 28.2%
2023 · €174k
2021: €85k
2022: €81k
2023: €174k
2021 → 2024
Net result
€-25k
2023 · €7k
2021: €11k
2022: €9k
2023: €7k
2021 → 2024
Working capital
€-37k▼ 534%
2023 · €-6k
2021: €-9k
2022: €-1k
2023: €-6k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€14k-€23k▲ 66.4%€30k▲ 31.6%€5k▼ 82.7%
Operating result€12k-€13k▲ 5.3%€12k▼ 4.5%€-20k
Net result€11k-€9k▼ 15.2%€7k▼ 20.7%€-25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €12k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125k
Fixed assets
€99k▼ 20.2%
Current assets
€26k▼ 48.4%
Equity and liabilities €125k
Equity
€5k▼ 82.7%
Debt
€120k▼ 16.8%
The debt ratio rises from 82.6% to 95.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2023 · €29k
Cash flow
€4k▼
2023 · €24k
Solvency
4.2%▼
2023 · 17.4%
Current ratio
0.41▼
2023 · 0.89
Quick ratio
0.33▼
2023 · 0.89
Debt / equity
22.91▲
2023 · 4.75
ROE
-479.4%▼
2023 · 24.0%
ROA
-20.1%▼
2023 · 4.2%
Interest coverage
1.78▼
2023 · 12.06
Debt
€120k▼
2023 · €144k
Debt ≤ 1 year
€63k▲
2023 · €56k
Debt > 1 year
€57k▼
2023 · €88k
Income taxes
€400▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€174k€125k▼
Fixed assets21/28€124k€99k▼
Tangible fixed assets22/27€124k€99k▼
Plant, machinery and equipment23€23k€18k▼
Furniture and vehicles24€101k€82k▼
Current assets29/58€50k€26k▼
Stocks and contracts in progress3-€5k
Contracts in progress37-€5k
Amounts receivable within one year40/41€22k€18k▼
Trade receivables40€13k€9k▼
Other amounts receivable41€10k€9k▼
Cash at bank and in hand54/58€24k€213▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€174k€125k▼
Equity10/15€30k€5k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€27k€2k▼
Amounts payable17/49€144k€120k▼
Amounts payable after more than one year17€88k€57k▼
Financial debts170/4€88k€57k▼
Amounts payable within one year42/48€56k€63k▲
Current portion of amounts payable after more than one year42€37k€31k▼
Trade debts44€12k€20k▲
Suppliers440/4€12k€20k▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Income statement
Code20232024
Non-recurring operating income76A€12k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€29k▲
Other operating charges640/8€1k€912▼
Gross operating margin9900€31k€9k▼
Operating profit (loss)9901€12k€-20k▼
Financial income75/76B€412€360▼
Recurring financial income75€412€360▼
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€10k€-25k▼
Income taxes67/77€3k€400▼
Profit (loss) for the period9904€7k€-25k▼
Profit (loss) for the period to be appropriated9905€7k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€2k▼
Profit (loss) brought forward from the previous period14P€20k€27k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-25k ▼444%
Net result drops to €-25k, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hamme (Vl.) · 1 establishment unit since 2020
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.
Geeststraat 579220 Hamme (Vl.)Ground area
605 m²
Building footprint
172 m²
Volume, LiDAR
789 m³
Parcel 42014B0278/00N000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geeststraat 57, 9220 Hamme (Vl.)
since 20202.306.810.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42014B0278/00N000 | Flanders | 605 m² | 1 · 172 m² | 7.3 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.
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Of 227 companies in sector 77310 we hold annual accounts for 124. 29 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL
77310Rental and leasing activities
42212Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.