Vlamro
ActiveVlamro has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.04M and a net result of €1.27M. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 85% of 8578 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-27
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 3.68 against 4.24 in 2024), and 11.4% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
88.6%
Return on assets
12.4%
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 09-03-2026, 144 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
144 d early
2024
174 d early
2023
124 d early
2022
131 d early
2021
128 d early
2020
58 d early
2019
149 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, abbreviated schema
Equity
€9.04M▲ 14.8%
2024 · €7.87M
2018: €2.03M
2019: €2.69M
2020: €3.25M
2021: €3.81M
2022: €4.94M
2023: €6.44M
2024: €7.87M
2018 → 2025
Total assets
€10.20M▲ 10.3%
2024 · €9.25M
2018: €4.97M
2019: €6.21M
2020: €6.23M
2021: €6.03M
2022: €7.51M
2023: €8.41M
2024: €9.25M
2018 → 2025
Net result
€1.27M▼ 17.2%
2024 · €1.53M
2018: €829k
2019: €681k
2020: €605k
2021: €612k
2022: €1.18M
2023: €1.60M
2024: €1.53M
2018 → 2025
Working capital
€1.32M▼ 15.5%
2024 · €1.56M
2018: €-141k
2019: €-378k
2020: €-369k
2021: €-427k
2022: €-238k
2023: €583k
2024: €1.56M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.81M-€4.94M▲ 29.6%€6.44M▲ 30.3%€7.87M▲ 22.2%€9.04M▲ 14.8%
Operating result€351k-€271k▼ 22.9%€136k▼ 49.9%€-395k€12k
Net result€612k-€1.18M▲ 92.7%€1.60M▲ 35.6%€1.53M▼ 4.2%€1.27M▼ 17.2%
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 returns to profit in 2025: €12k after a loss of €395k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.20M
Fixed assets
€8.39M▲ 16.4%
Current assets
€1.81M▼ 11.3%
Equity and liabilities €10.20M
Equity
€9.04M▲ 14.8%
Debt
€1.16M▼ 15.9%
The debt ratio falls from 14.9% to 11.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€243k▲
2024 · €-282k
Cash flow
€1.50M▼
2024 · €1.65M
Solvency
88.6%▲
2024 · 85.1%
Current ratio
3.68▼
2024 · 4.24
Quick ratio
3.68▼
2024 · 4.24
Debt / equity
0.13▼
2024 · 0.18
ROE
14.0%▼
2024 · 19.5%
ROA
12.4%▼
2024 · 16.6%
Interest coverage
4.58▲
2024 · -4.07
Debt
€1.16M▼
2024 · €1.38M
Debt ≤ 1 year
€491k▲
2024 · €481k
Debt > 1 year
€667k▼
2024 · €897k
Income taxes
€54k▲
2024 · €50k
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€9.25M€10.20M▲
Fixed assets21/28€7.21M€8.39M▲
Tangible fixed assets22/27€1.42M€2.60M▲
Land and buildings22€690k€690k=
Plant, machinery and equipment23€34k€23k▼
Furniture and vehicles24€64k€59k▼
Leasing and similar rights25€38k€24k▼
Assets under construction and advance payments27€596k€1.81M▲
Financial fixed assets28€5.79M€5.79M=
Current assets29/58€2.04M€1.81M▼
Amounts receivable within one year40/41€0€44k▲
Trade receivables40€0€44k▲
Current investments50/53€1.37M€1.05M▼
Cash at bank and in hand54/58€651k€709k▲
Deferred charges and accrued income490/1€16k€10k▼
Equity and liabilities
Total equity and liabilities10/49€9.25M€10.20M▲
Equity10/15€7.87M€9.04M▲
Contributions10/11€954k€954k=
Reserves13€6.92M€8.09M▲
Distributable reserves133€6.92M€8.09M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.38M€1.16M▼
Amounts payable after more than one year17€897k€667k▼
Financial debts170/4€893k€600k▼
Other amounts payable178/9€4k€67k▲
Amounts payable within one year42/48€481k€491k▲
Current portion of amounts payable after more than one year42€292k€293k▲
Trade debts44€536€2k▲
Suppliers440/4€536€2k▲
Taxes, remuneration and social security45€88k€97k▲
Taxes450/3€88k€97k▲
Other amounts payable47/48€100k€100k=
Accrued charges and deferred income492/3-€31
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€231k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€449k€0▼
Gross operating margin9900€172k€246k▲
Operating profit (loss)9901€-395k€12k▲
Financial income75/76B€2.05M€1.36M▼
Recurring financial income75€2.05M€1.36M▼
Financial charges65/66B€69k€53k▼
Recurring financial charges65€69k€53k▼
Profit (loss) for the period before taxes9903€1.58M€1.32M▼
Income taxes67/77€50k€54k▲
Profit (loss) for the period9904€1.53M€1.27M▼
Profit (loss) for the period to be appropriated9905€1.53M€1.27M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.53M€1.27M▼
Transfer from equity791/2€100k€100k=
Transfer to equity691/2€1.53M€1.27M▼
To other reserves6921€1.53M€1.27M▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 1.75 to 4.24; short-term debt falls from €780k to €481k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.60M ▲35.6%
Net result €1.60M, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.75
Current ratio from 0.68 to 1.75.
31-12
Financial
Equity above €5MEq €6.44M ▲30.3%
6 profitable years in a row build equity to €6.44M.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €605k ▼11.2%
Net result drops to €605k, the lowest in the series; recovery starts the following year.
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zulte · 1 establishment unit since 2015
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.
Meylegemstraat 109870 ZulteGround area
965 m²
Parcel 44050B0335/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vlamro
since 20152.246.747.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B0335/00D000 | Flanders | 964 m² | - | - |
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.
Similar companies · same sector, comparable size
ABBS
BE 0704.616.512
Mechelen · Eq €9.04M
SOPHICO
BE 0478.454.775
Herentals · Eq €9.05M
MUNO
BE 0458.271.253
Zottegem · Eq €9.03M
TROPICORE
BE 0830.672.366
Watermaal-Bosvoorde · Eq €9.03M
ARNICO
BE 0477.660.761
Ukkel · Eq €9.06M
Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 7,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
23410Manufacture of ceramic household and ornamental articles
64200Holdings
64210Activities of holding companies
85599Other education
90031Arts creation and performing arts activities
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.