Summary
Vlevaco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €23,553 and a net result of €230,911. Equity is shrinking by about 60% per year across the filed financial years. Its solvency ranks better than 6% of 6,658 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €23,553
- Profit
- €230,911
- Holdings
- 5
Signalsraises risk2025 accounts filed 12 days latelowers riskGrowing equityShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Highest result from 2019 to 2025net €1.4m ▲317%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (12 days) Filed on 12 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00109151.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €0.001m | €0.001m | €0.001m | €363 | €0.001m | ▲ 201% |
| Gross operating margin9900 | -€0.004m | -€0.02m | €0.002m | -€0.008m | -€0.008m | €0.05m | €0.07m | ▲ 27.1% |
| Operating profit (loss)9901 | -€0.005m | -€0.03m | €0.001m | -€0.009m | -€0.009m | €0.05m | €0.07m | ▲ 25.9% |
| Financial income75/76B | - | - | €312 | €292 | €0.3m | €1.4m | €0.2m | ▼ 82.1% |
| Recurring financial income75 | €0.006m | €0.008m | €312 | €292 | €0.3m | €1.4m | €0.2m | ▼ 82.1% |
| Financial charges65/66B | - | - | €72 | €40 | €24 | €0.06m | €0.08m | ▲ 29.0% |
| Recurring financial charges65 | €54 | €0.004m | €72 | €40 | €24 | €0.06m | €0.08m | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €83 | -€0.02m | €0.001m | -€0.009m | €0.3m | €1.4m | €0.2m | ▼ 83.0% |
| Profit (loss) for the period9904 | €83 | -€0.02m | €0.001m | -€0.009m | €0.3m | €1.4m | €0.2m | ▼ 83.0% |
| Profit (loss) for the period to be appropriated9905 | €83 | -€0.02m | €0.001m | -€0.009m | €0.3m | €1.4m | €0.2m | ▼ 83.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €3.0m | €2.5m | €2.5m | €2.6m | €4.0m | €2.5m | ▼ 36.6% |
| Fixed assets21/28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Financial fixed assets28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Current assets29/58 | €0.5m | €0.8m | €0.3m | €0.3m | €0.4m | €1.8m | €0.3m | ▼ 82.1% |
| Amounts receivable within one year40/41 | €0.5m | €0.8m | €0.3m | €0.3m | €0.4m | €1.8m | €0.3m | ▼ 84.4% |
| Trade receivables40 | - | - | - | - | - | €0.06m | €0.05m | ▼ 25.0% |
| Other amounts receivable41 | - | - | €0.3m | €0.3m | €0.4m | €1.7m | €0.2m | ▼ 86.5% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €292 | €0.002m | €0.02m | €0.04m | ▲ 141% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €3.0m | €2.5m | €2.5m | €2.6m | €4.0m | €2.5m | ▼ 36.6% |
| Equity10/15 | €2.2m | €2.2m | €2.2m | €2.2m | €0.02m | €0.02m | €0.02m | ▲ 10.9% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Contributions outside capital11 | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Other1109/19 | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €2.2m | €2.2m | €2.2m | €2.1m | €204 | €0.001m | €0.003m | ▲ 296% |
| Amounts payable17/49 | €0.5m | €0.8m | €0.4m | €0.3m | €2.5m | €3.9m | €2.5m | ▼ 36.9% |
| Amounts payable within one year42/48 | €0.5m | €0.8m | €0.4m | €0.3m | €2.5m | €3.9m | €2.5m | ▼ 36.5% |
| Trade debts44 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Suppliers440/4 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Taxes, remuneration and social security45 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Taxes450/3 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other amounts payable47/48 | - | - | €0.3m | €0.3m | €2.5m | €3.9m | €2.4m | ▼ 37.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | €0.03m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83 | -€0.02m | €0.001m | -€0.009m | €0.3m | €1.4m | €0.2m | ▼ 83.0% |
| Operating cash flow (approximation) | €83 | -€0.02m | €0.001m | -€0.009m | €0.3m | €1.4m | €0.2m | ▼ 83.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 12-05-2026 | 2026-00109151 |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00085000 |
| 30-09-2023 | abbreviated format | 27-04-2024 | 2024-00071306 |
| 30-09-2022 | abbreviated format | 01-05-2023 | 2023-00073636 |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20013640 |
| 30-09-2020 | abbreviated format | 28-04-2021 | 2021-11600345 |
| 30-09-2019 | abbreviated format | 08-04-2020 | 2020-08900436 |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11200495 |
| 30-09-2017 | abbreviated format | 30-04-2018 | 2018-11100107 |
| 30-09-2016 | abbreviated format | 22-06-2017 | 2017-23800272 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SCHOENMAKERS Johannes Josephus Willibrordus |
|
Owners and capital
Capital and shareholders
- 14-12-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
5 holdingsHoldings 5
Source for every holding own accounts 30-09-2025
- BOVARPOsubsidiaryEquity €1.1mResult €22,901100%
- HEVARsubsidiaryEquity €610,427Result €611,795100%
- HOEVARsubsidiaryEquity €576,704Result €9,202100%
- KeustermanssubsidiaryEquity €620,769Result -€9,119100%
- WIGAsubsidiaryEquity €2.7mResult €15,460100%
According to the annual accounts to 30-09-2025 of Vlevaco and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
14-12
Gazette deed
Resignation: SCHOENMAKERS Johannes Josephus Willibrordus (manager)Permanent representative: SCHOENMAKERS Johannes Josephus Willibrordus · Reappointment: SCHOENMAKERS Johannes Josephus Willibrordus (director) · Amendment of the articles13 facts ▸
- General meeting, “buitengewone algemene vergadering van de besloten vennootschap VLEVACO” (deed in Dutch)
- Other provision, “afstand formaliteiten tot bijeenroeping, Eerste besluit” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Kind of shares, “AANDELEN”, 100 (deed in Dutch)
- Director resignation, SCHOENMAKERS Johannes Josephus Willibrordus (manager (not named in the articles))
- Permanent representative, SCHOENMAKERS Johannes Josephus Willibrordus (2 times)
- Director reappointment, SCHOENMAKERS Johannes Josephus Willibrordus (director (not named in the articles))
- Director discharge, SCHOENMAKERS (manager)
- Power of attorney, Ben Tyskens
- Registered office clause, “8953 Heuvelland,Waterputstraat 5, behouden” (deed in Dutch)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33032D0233/00N000 | Flanders | 724 m² | 1 · 314 m² | 7.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Vlevaco
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, alle machten om op authentieke wijze statutenwijziging te doen vaststellen” (deed in Dutch)“Voor zover geen wijziging taalregime, oprichten of opheffen bij enkel besluit bestuursorgaan wanneer en waar nodig” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, door één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Om gewichtige redenen geheel of gedeeltelijk door besluit algemene vergadering met vereisten statutenwijziging, geheel bevoegdheden…” (deed in Dutch)“Bestuursorgaan bepaalt of zij alleen dan wel gezamenlijk optreden, bestuursorgaan stelt toekenningen en verloning vast,kan hen op elk…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “AANLEG VAN RESERVES-VERDELING VAN DE WINST, elk aandeel gelijk aandeel in winstverdeling” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of March at 16:30