VLIMECO
ActiveSummary
VLIMECO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,575 and a net result of €5,320. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-12
Solvency50▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.91 in 2024; short-term debt: 75.4% and cash: 60.5% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €20,575
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 30-03-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d late
2022
1 d early
2021
on the day
2020
1 d early
2019
53 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 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 30 March (5 of the last 5 filed years within 30 days of that day).
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, micro schema
Equity
€20,575▲ 34.9%
2024 · €15,255
Total assets
€83,595▲ 2.4%
2024 · €81,604
Net result
€5,320▼ 40.1%
2024 · €8,883
Working capital
-€496▲ 91.5%
2024 · -€5,816
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Operating result-€17,286▼ 80.5%€3,202€9,640▲ 201%€9,792▲ 1.6%€6,047▼ 38.2%
Net result-€10,708below the sector's middle half▼ 24.8%€2,583within the sector's middle half€8,570within the sector's middle half▲ 232%€8,883within the sector's middle half▲ 3.6%€5,320within the sector's middle half▼ 40.1%
Equity-€4,782below the sector's middle half-€2,198below the sector's middle half▲ 54.0%€6,372below the sector's middle half€15,255within the sector's middle half▲ 139%€20,575within the sector's middle half▲ 34.9%
Total assets€233,132within the sector's middle half▼ 9.4%€227,851within the sector's middle half▼ 2.3%€80,279below the sector's middle half▼ 64.8%€81,604below the sector's middle half▲ 1.7%€83,595below the sector's middle half▲ 2.4%
Debt€237,913▼ 5.4%€230,049▼ 3.3%€73,907▼ 67.9%€66,349▼ 10.2%€63,019▼ 5.0%
Working capital-€28,257within the sector's middle half▼ 40.4%-€24,498within the sector's middle half▲ 13.3%-€13,949within the sector's middle half▲ 43.1%-€5,816within the sector's middle half▲ 58.3%-€496within the sector's middle half▲ 91.5%
Solvency-2.1%below the sector's middle half▼ 4.4pp-1.0%below the sector's middle half▲ 1.1pp7.9%within the sector's middle half▲ 8.9pp18.7%within the sector's middle half▲ 10.8pp24.6%within the sector's middle half▲ 5.9pp
Current ratio0.88within the sector's middle half▼ 0.040.89within the sector's middle half▲ 0.010.81within the sector's middle half▼ 0.080.91within the sector's middle half▲ 0.100.99within the sector's middle half▲ 0.08
Return on assets (ROA)-4.6%below the sector's middle half▼ 1.3pp1.1%within the sector's middle half▲ 5.7pp10.7%above the sector's middle half▲ 9.5pp10.9%above the sector's middle half▲ 0.2pp6.4%within the sector's middle half▼ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,595
Fixed assets
€21,071 =
Current assets
€62,524 ▲ 3.3%
Equity and liabilities €83,595
Equity
€20,575 ▲ 34.9%
Debt
€63,019 ▼ 5.0%
Debt's share of the balance-sheet total falls from 81.3% to 75.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
3.06▼
2024 · 4.35
ROE
25.9%▼
2024 · 58.2%
Debt ≤ 1 year
€63,019▼
2024 · €66,349
Income taxes
-€47▼
2024 · €47
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,922 | €1,825 | €1,229 | - | - | - |
| Other operating charges640/8 | - | €2,867 | €3,089 | €3,157 | €3,313 | ▲ 4.9% |
| Gross operating margin9900 | -€10,564 | €7,894 | €13,958 | €12,949 | €9,360 | ▼ 27.7% |
| Operating profit (loss)9901 | -€17,286 | €3,202 | €9,640 | €9,792 | €6,047 | ▼ 38.2% |
| Financial income75/76B | - | €425 | €0 | €169 | €273 | ▲ 61.1% |
| Recurring financial income75 | €7,563 | €425 | €0 | €169 | €273 | ▲ 61.1% |
| Financial charges65/66B | - | €1,158 | €1,070 | €1,031 | €1,047 | ▲ 1.6% |
| Recurring financial charges65 | €870 | €1,158 | €1,070 | €1,031 | €1,047 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | -€10,593 | €2,468 | €8,570 | €8,930 | €5,273 | ▼ 41.0% |
| Income taxes67/77 | €115 | -€115 | - | €47 | -€47 | ▼ 200% |
| Profit (loss) for the period9904 | -€10,708 | €2,583 | €8,570 | €8,883 | €5,320 | ▼ 40.1% |
| Profit (loss) for the period to be appropriated9905 | -€10,708 | €2,583 | €8,570 | €8,883 | €5,320 | ▼ 40.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,132 | €227,851 | €80,279 | €81,604 | €83,595 | ▲ 2.4% |
| Fixed assets21/28 | €24,125 | €22,300 | €21,071 | €21,071 | €21,071 | = |
| Tangible fixed assets22/27 | €24,125 | €22,300 | €21,071 | €21,071 | €21,071 | = |
| Land and buildings22 | - | €22,300 | €21,071 | €21,071 | €21,071 | = |
| Current assets29/58 | €209,007 | €205,551 | €59,208 | €60,533 | €62,524 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €102 | €127 | - | - | €82 | - |
| Other amounts receivable41 | - | €127 | - | - | €82 | - |
| Current investments50/53 | €36,865 | €36,865 | €10,521 | €10,521 | €10,521 | = |
| Cash at bank and in hand54/58 | €170,742 | €167,266 | €47,432 | €48,678 | €50,545 | ▲ 3.8% |
| Deferred charges and accrued income490/1 | - | €1,293 | €1,256 | €1,334 | €1,376 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,132 | €227,851 | €80,279 | €81,604 | €83,595 | ▲ 2.4% |
| Equity10/15 | -€4,782 | -€2,198 | €6,372 | €15,255 | €20,575 | ▲ 34.9% |
| Contributions10/11 | - | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Reserves13 | €10,828 | €10,828 | €10,828 | €10,828 | €10,828 | = |
| Distributable reserves133 | - | €10,828 | €10,828 | €10,828 | €10,828 | = |
| Profit (loss) carried forward14 | -€63,610 | -€61,026 | -€52,456 | -€43,573 | -€38,253 | ▲ 12.2% |
| Amounts payable17/49 | €237,913 | €230,049 | €73,907 | €66,349 | €63,019 | ▼ 5.0% |
| Amounts payable within one year42/48 | €237,263 | €230,049 | €73,157 | €66,349 | €63,019 | ▼ 5.0% |
| Trade debts44 | €4,397 | €2,319 | €2,542 | €2,645 | €2,728 | ▲ 3.1% |
| Suppliers440/4 | - | €2,319 | €2,542 | €2,645 | €2,728 | ▲ 3.1% |
| Other amounts payable47/48 | - | €227,730 | €70,615 | €63,704 | €60,291 | ▼ 5.4% |
| Accrued charges and deferred income492/3 | - | - | €750 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,708 | €2,583 | €8,570 | €8,883 | €5,320 | ▼ 40.1% |
| + Depreciation and write-downs630 | €1,922 | €1,825 | €1,229 | - | - | - |
| Operating cash flow (approximation) | -€8,786 | €4,408 | €9,800 | €8,883 | €5,320 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,476 | -€119,834 | €1,246 | €1,867 | ▲ 49.8% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Highest result since 2019net €8,883 ▲3.6%
Operating result €9,792, net result €8,883, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
Financial
Back to profitnet €2,583
Net result €2,583 after 3 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Weakest financial yearnet -€10,708
Net result drops to -€10,708, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 78 days late
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Maaseik · 1 establishment unit since 1992
Ground area
1,452 m²
Building footprint
377 m²
Volume, LiDAR
2,308 m³
2 parcels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LINGERIE VLIEGEN
since 19922.058.940.311
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024B1300/00P000 | Flanders | 1,330 m² | 1 · 254 m² | 8.7 m · 2 fl. |
| 72021E0029/00H000 | Flanders | 123 m² | 1 · 123 m² | 13.8 m · 3 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.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 2,254 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
Founded15-07-1992
Fiscal year end31-08
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447890966
Also
9925:BE0447890966
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.