VLEMCO
ActiveSummary
VLEMCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €381k and a net result of €103k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-1
Solvency83▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.6 in 2024; short-term debt: 28.7% and cash: 29% of total assets), and 42.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
57.7%
Return on assets
15.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-08-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
30 d late
2023
27 d early
2022
27 d early
2021
27 d early
2020
47 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€381k▲ 36.8%
2024 · €278k
2019: €88klowest in 7 years
2020: €104k▲ +17.8% vs 2019
2021: €119k▲ +14.6% vs 2020
2022: €158k▲ +32.4% vs 2021
2023: €189k▲ +19.7% vs 2022
2024: €278k▲ +47.5% vs 2023
2025: €381k▲ +36.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€660k▲ 11.1%
2024 · €594k
2019: €279klowest in 7 years
2020: €316k▲ +13.3% vs 2019
2021: €381k▲ +20.5% vs 2020
2022: €434k▲ +13.9% vs 2021
2023: €415k▼ -4.5% vs 2022
2024: €594k▲ +43.3% vs 2023
2025: €660k▲ +11.1% vs 2024highest in 7 years
2019 → 2025
Net result
€103k▲ 9.0%
2024 · €94k
2019: €-28klowest in 7 years
2020: €16k▲ +155% vs 2019
2021: €26k▲ +68.6% vs 2020
2022: €43k▲ +62.4% vs 2021
2023: €31k▼ -27.4% vs 2022
2024: €94k▲ +202% vs 2023
2025: €103k▲ +9.0% vs 2024highest in 7 years
2019 → 2025
Working capital
€191k▲ 64.4%
2024 · €116k
2019: €29k
2020: €35k▲ +22.3% vs 2019
2021: €33k▼ -4.9% vs 2020
2022: €27k▼ -20.2% vs 2021lowest in 7 years
2023: €54k▲ +104% vs 2022
2024: €116k▲ +113% vs 2023
2025: €191k▲ +64.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€158k▲ 32.4%€189k▲ 19.7%€278k▲ 47.5%€381k▲ 36.8%
2021: €119klowest in 5 years
2022: €158k▲ +32.4% vs 2021
2023: €189k▲ +19.7% vs 2022
2024: €278k▲ +47.5% vs 2023
2025: €381k▲ +36.8% vs 2024highest in 5 years
Operating result€33k-€65k▲ 95.0%€51k▼ 21.9%€131k▲ 158%€156k▲ 19.2%
2021: €33klowest in 5 years
2022: €65k▲ +95.0% vs 2021
2023: €51k▼ -21.9% vs 2022
2024: €131k▲ +158% vs 2023
2025: €156k▲ +19.2% vs 2024highest in 5 years
Net result€26k-€43k▲ 62.4%€31k▼ 27.4%€94k▲ 202%€103k▲ 9.0%
2021: €26klowest in 5 years
2022: €43k▲ +62.4% vs 2021
2023: €31k▼ -27.4% vs 2022
2024: €94k▲ +202% vs 2023
2025: €103k▲ +9.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660k
Fixed assets
€280k ▼ 1.5%
Current assets
€380k ▲ 22.7%
Equity and liabilities €660k
Equity
€381k ▲ 36.8%
Debt
€280k ▼ 11.5%
Debt's share of the balance-sheet total falls from 53.2% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€190k▲
2024 · €165k
Cash flow
€136k▲
2024 · €128k
Current ratio
2.00▲
2024 · 1.60
Quick ratio
1.73▲
2024 · 1.58
Debt to equity
0.73▼
2024 · 1.13
ROE
26.9%▼
2024 · 33.8%
ROA
15.5%▼
2024 · 15.8%
Interest coverage
38.63▲
2024 · 32.72
Debt ≤ 1 year
€190k▼
2024 · €194k
Debt > 1 year
€90k▼
2024 · €122k
Income taxes
€51k▲
2024 · €33k
Staff costs
€163▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€594k€660k▲
Fixed assets21/28€284k€280k▼
Tangible fixed assets22/27€284k€280k▼
Land and buildings22€209k€217k▲
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€14k€11k▼
Leasing and similar rights25€49k€37k▼
Other tangible fixed assets26-€5k
Financial fixed assets28€363€363=
Current assets29/58€310k€380k▲
Stocks and contracts in progress3€3k€52k▲
Stocks30/36€3k€52k▲
Amounts receivable within one year40/41€98k€82k▼
Trade receivables40€97k€82k▼
Other amounts receivable41€1k€100▼
Current investments50/53€50k€51k▲
Cash at bank and in hand54/58€155k€192k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€594k€660k▲
Equity10/15€278k€381k▲
Contributions10/11€19k€19k=
Reserves13€260k€362k▲
Distributable reserves133€260k€362k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€316k€280k▼
Amounts payable after more than one year17€122k€90k▼
Financial debts170/4€122k€90k▼
Amounts payable within one year42/48€194k€190k▼
Current portion of amounts payable after more than one year42€31k€32k▲
Financial debts43€26k€0▼
Credit institutions430/8€26k€0▼
Trade debts44€83k€83k▲
Suppliers440/4€83k€83k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€8k€21k▲
Taxes450/3€8k€21k▲
Remuneration and social security454/9€646€0▼
Other amounts payable47/48€46k€49k▲
Income statement
Code20242025
Remuneration, social security and pensions62€6k€163▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€179k€199k▲
Operating profit (loss)9901€131k€156k▲
Financial income75/76B€579€1k▲
Recurring financial income75€579€1k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€127k€153k▲
Income taxes67/77€33k€51k▲
Profit (loss) for the period9904€94k€103k▲
Profit (loss) for the period to be appropriated9905€94k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€103k▲
Transfer from equity791/2€4k€0▼
Transfer to equity691/2€94k€103k▲
To other reserves6921€94k€103k▲
Profit to be distributed694/7€4k€0▼
Return on contributions (dividend)694€4k€0▼
Social balance
Average headcount (FTE)90870.10.0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €888 | €13k | €6k | €163 | ▼ 97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €26k | €29k | €34k | €34k | ▲ 0.9% |
| Other operating charges640/8 | - | €5k | €6k | €9k | €8k | ▼ 6.9% |
| Non-recurring operating charges66A | - | €988 | €312 | €0 | - | - |
| Gross operating margin9900 | €61k | €98k | €100k | €179k | €199k | ▲ 10.9% |
| Operating profit (loss)9901 | €33k | €65k | €51k | €131k | €156k | ▲ 19.2% |
| Financial income75/76B | - | €58 | €0 | €579 | €1k | ▲ 150% |
| Recurring financial income75 | €49 | €58 | €0 | €579 | €1k | ▲ 150% |
| Financial charges65/66B | - | €4k | €4k | €5k | €5k | ▼ 2.2% |
| Recurring financial charges65 | €4k | €4k | €4k | €5k | €5k | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €29k | €61k | €47k | €127k | €153k | ▲ 20.6% |
| Income taxes67/77 | €3k | €18k | €16k | €33k | €51k | ▲ 54.2% |
| Profit (loss) for the period9904 | €26k | €43k | €31k | €94k | €103k | ▲ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €26k | €43k | €31k | €94k | €103k | ▲ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381k | €434k | €415k | €594k | €660k | ▲ 11.1% |
| Fixed assets21/28 | €192k | €231k | €209k | €284k | €280k | ▼ 1.5% |
| Tangible fixed assets22/27 | €192k | €231k | €208k | €284k | €280k | ▼ 1.5% |
| Land and buildings22 | - | €185k | €179k | €209k | €217k | ▲ 3.9% |
| Plant, machinery and equipment23 | - | €7k | €5k | €12k | €9k | ▼ 22.9% |
| Furniture and vehicles24 | - | €614 | €414 | €14k | €11k | ▼ 21.3% |
| Leasing and similar rights25 | - | €37k | €24k | €49k | €37k | ▼ 24.0% |
| Other tangible fixed assets26 | - | - | - | - | €5k | - |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €189k | €203k | €206k | €310k | €380k | ▲ 22.7% |
| Stocks and contracts in progress3 | €4k | €16k | €11k | €3k | €52k | ▲ 1,454% |
| Stocks30/36 | - | €16k | €11k | €3k | €52k | ▲ 1,454% |
| Amounts receivable within one year40/41 | €48k | €45k | €56k | €98k | €82k | ▼ 16.6% |
| Trade receivables40 | - | €45k | €54k | €97k | €82k | ▼ 15.6% |
| Other amounts receivable41 | - | €0 | €2k | €1k | €100 | ▼ 92.1% |
| Current investments50/53 | - | - | - | €50k | €51k | ▲ 1.9% |
| Cash at bank and in hand54/58 | €138k | €140k | €136k | €155k | €192k | ▲ 23.7% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €3k | €3k | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381k | €434k | €415k | €594k | €660k | ▲ 11.1% |
| Equity10/15 | €119k | €158k | €189k | €278k | €381k | ▲ 36.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €100k | €139k | €170k | €260k | €362k | ▲ 39.5% |
| Distributable reserves133 | - | €139k | €170k | €260k | €362k | ▲ 39.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €262k | €276k | €226k | €316k | €280k | ▼ 11.5% |
| Amounts payable after more than one year17 | €106k | €100k | €74k | €122k | €90k | ▼ 26.3% |
| Financial debts170/4 | - | €100k | €74k | €122k | €90k | ▼ 26.3% |
| Amounts payable within one year42/48 | €156k | €177k | €151k | €194k | €190k | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €27k | €25k | €31k | €32k | ▲ 2.3% |
| Financial debts43 | - | €8k | €13k | €26k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €8k | €13k | €26k | €0 | ▼ 100% |
| Trade debts44 | €87k | €79k | €58k | €83k | €83k | ▲ 0.5% |
| Suppliers440/4 | - | €79k | €58k | €83k | €83k | ▲ 0.5% |
| Advances received on contracts in progress46 | - | - | - | - | €5k | - |
| Taxes, remuneration and social security45 | - | €11k | €5k | €8k | €21k | ▲ 153% |
| Taxes450/3 | - | €11k | €4k | €8k | €21k | ▲ 174% |
| Remuneration and social security454/9 | - | €742 | €1k | €646 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €51k | €50k | €46k | €49k | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €43k | €31k | €94k | €103k | ▲ 9.0% |
| + Depreciation and write-downs630 | €23k | €26k | €29k | €34k | €34k | ▲ 0.9% |
| Operating cash flow (approximation) | €49k | €69k | €60k | €128k | €136k | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | €-65k | €-7k | €-109k | €-30k | ▲ 72.8% |
| Change in cash | - | €3k | €-5k | €19k | €37k | ▲ 90.3% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €103k ▲9%
Operating result €156k, net result €103k, both a record.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
31-03
Financial
Equity above €200kEq €278k ▲47.5%
5 profitable years in a row build equity to €278k.
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150kEq €158k ▲32.4%
3 profitable years in a row build equity to €158k.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-03
Financial
Equity above €100kEq €104k ▲17.8%
Equity rises from €88k to €104k.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-09
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hechtel-Eksel · 2 establishment units since 1998
Ground area
2,629 m²
Building footprint
218 m²
Volume, LiDAR
926 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Veeweg 8, 3940 Hechtel-Eksel
since 19982.080.127.584
Nethestraat 17, 3940 Hechtel-Eksel
since 20192.293.973.289
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006F0335/00C000 | Flanders | 1,638 m² | 1 · 91 m² | 3.5 m · 1 fl. |
| 72006E0529/00E003 | Flanders | 991 m² | 1 · 126 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 375 EUR awarded · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 375 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHechtel-Eksel2.080.127.584
Hechtel-Eksel2.293.973.289
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Of 662 companies in sector 96995 we hold annual accounts for 74. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-1997
Fiscal year end31-03
Activities, NACEBEL 2025
96995Pet boarding
46232Wholesale trade
55203Holiday cottages, homes and apartments
96993Pet care services, excluding veterinary services
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.