VNC CNC
ActiveSummary
The computed 12-month bankruptcy probability of VNC CNC is 1.6% (moderate). The 2025 annual accounts show equity of €49,779 and a net result of €41,108. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 1918 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency29▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.38 in 2024; short-term debt: 58.9% and cash: 3.6% of total assets), and 95.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
4.1%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1918 sector peers (2025).
NBB · sector comparisonPosition among 1918 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
29 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,779▲ 474%
2024 · €8,672
Total assets
€1.2m▲ 35.1%
2024 · €908,623
Net result
€41,108▲ 23.6%
2024 · €33,255
Working capital
-€455,209▼ 4.1%
2024 · -€437,154
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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-€30,456-€10,952-€14,318€43,690€59,375▲ 35.9%
Net result-€32,464below the sector's middle half-€4,906within the sector's middle half-€21,907below the sector's middle half€33,255within the sector's middle half€41,108above the sector's middle half▲ 23.6%
Equity-€7,583below the sector's middle half--€2,677below the sector's middle half▲ 64.7%-€24,584below the sector's middle half▼ 818%€8,672below the sector's middle half€49,779within the sector's middle half▲ 474%
Total assets€316,260within the sector's middle half-€466,326above the sector's middle half▲ 47.5%€732,460above the sector's middle half▲ 57.1%€908,623above the sector's middle half▲ 24.1%€1.2mabove the sector's middle half▲ 35.1%
Debt€323,843-€469,003▲ 44.8%€757,043▲ 61.4%€899,951▲ 18.9%€1.2m▲ 30.8%
Working capital-€85,401below the sector's middle half--€147,412below the sector's middle half▼ 72.6%-€456,262below the sector's middle half▼ 210%-€437,154below the sector's middle half▲ 4.2%-€455,209below the sector's middle half▼ 4.1%
Solvency-2.4%below the sector's middle half--0.6%below the sector's middle half▲ 1.8pp-3.4%below the sector's middle half▼ 2.8pp1.0%below the sector's middle half▲ 4.3pp4.1%below the sector's middle half▲ 3.1pp
Current ratio0.42below the sector's middle half-0.49below the sector's middle half▲ 0.070.27below the sector's middle half▼ 0.220.38below the sector's middle half▲ 0.110.37below the sector's middle half▼ 0.01
Return on assets (ROA)-10.3%below the sector's middle half-1.1%within the sector's middle half▲ 11.3pp-3.0%below the sector's middle half▼ 4.0pp3.7%within the sector's middle half▲ 6.7pp3.3%within the sector's middle half▼ 0.3pp
Staff (FTE)3
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€959,655 ▲ 49.8%
Current assets
€267,637 ▼ 0.1%
Equity and liabilities €1.2m
Equity
€49,779 ▲ 474%
Debt
€1.2m ▲ 30.8%
Debt's share of the balance-sheet total falls from 99.0% to 95.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€187,052▲
2024 · €128,854
Cash flow
€168,785▲
2024 · €118,419
Quick ratio
0.27▼
2024 · 0.28
Debt to equity
23.65
ROE
82.6%▼
2024 · 383.5%
Interest coverage
9.61▼
2024 · 12.48
Debt ≤ 1 year
€722,846▲
2024 · €705,174
Debt > 1 year
€452,917▲
2024 · €194,777
Income taxes
€104▼
2024 · €146
Staff costs
€163,266▲
2024 · €71,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 1,251 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €300 | €0 | €40,009 | €71,429 | €163,266 | ▲ 129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,631 | €42,318 | €58,375 | €85,164 | €127,677 | ▲ 49.9% |
| Other operating charges640/8 | €157 | €851 | €836 | €10,601 | €6,630 | ▼ 37.5% |
| Gross operating margin9900 | -€10,369 | €54,121 | €84,902 | €210,884 | €356,948 | ▲ 69.3% |
| Operating profit (loss)9901 | -€30,456 | €10,952 | -€14,318 | €43,690 | €59,375 | ▲ 35.9% |
| Financial income75/76B | €411 | €1,160 | €267 | €33 | €1,306 | ▲ 3,851% |
| Recurring financial income75 | €411 | €1,160 | €267 | €33 | €1,306 | ▲ 3,851% |
| Financial charges65/66B | €2,419 | €7,142 | €7,725 | €10,322 | €19,470 | ▲ 88.6% |
| Recurring financial charges65 | €2,419 | €7,142 | €7,725 | €10,322 | €19,470 | ▲ 88.6% |
| Profit (loss) for the period before taxes9903 | -€32,464 | €4,970 | -€21,776 | €33,401 | €41,211 | ▲ 23.4% |
| Income taxes67/77 | - | €63 | €131 | €146 | €104 | ▼ 29.0% |
| Profit (loss) for the period9904 | -€32,464 | €4,906 | -€21,907 | €33,255 | €41,108 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€32,464 | €4,906 | -€21,907 | €33,255 | €41,108 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €316,260 | €466,326 | €732,460 | €908,623 | €1.2m | ▲ 35.1% |
| Fixed assets21/28 | €254,879 | €323,305 | €565,674 | €640,603 | €959,655 | ▲ 49.8% |
| Tangible fixed assets22/27 | €252,157 | €320,582 | €562,951 | €635,503 | €954,555 | ▲ 50.2% |
| Land and buildings22 | - | - | €177,997 | €177,997 | €177,997 | = |
| Plant, machinery and equipment23 | €61,353 | €139,274 | €228,985 | €200,948 | €272,627 | ▲ 35.7% |
| Furniture and vehicles24 | €3,207 | €22,688 | €19,006 | €16,263 | €4,408 | ▼ 72.9% |
| Leasing and similar rights25 | €187,597 | €158,620 | €129,643 | €228,308 | €488,914 | ▲ 114% |
| Other tangible fixed assets26 | - | - | €7,321 | €11,987 | €10,609 | ▼ 11.5% |
| Financial fixed assets28 | €2,723 | €2,723 | €2,723 | €5,100 | €5,100 | = |
| Current assets29/58 | €61,381 | €143,021 | €166,786 | €268,020 | €267,637 | ▼ 0.1% |
| Stocks and contracts in progress3 | €10,212 | €62,402 | €49,598 | €69,598 | €74,598 | ▲ 7.2% |
| Stocks30/36 | €10,212 | €44,402 | €49,598 | €59,598 | €59,598 | = |
| Contracts in progress37 | - | €18,000 | €0 | €10,000 | €15,000 | ▲ 50.0% |
| Amounts receivable within one year40/41 | €14,316 | €39,408 | €52,438 | €76,804 | €111,919 | ▲ 45.7% |
| Trade receivables40 | €6,302 | €32,867 | €52,420 | €76,746 | €110,401 | ▲ 43.9% |
| Other amounts receivable41 | €8,014 | €6,541 | €19 | €58 | €1,518 | ▲ 2,506% |
| Cash at bank and in hand54/58 | €7,152 | €1,101 | €3,226 | €57,654 | €43,765 | ▼ 24.1% |
| Deferred charges and accrued income490/1 | €29,702 | €40,110 | €61,524 | €63,964 | €37,355 | ▼ 41.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €316,260 | €466,326 | €732,460 | €908,623 | €1.2m | ▲ 35.1% |
| Equity10/15 | -€7,583 | -€2,677 | -€24,584 | €8,672 | €49,779 | ▲ 474% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€32,583 | -€27,677 | -€49,584 | -€16,328 | €24,779 | ▲ 252% |
| Amounts payable17/49 | €323,843 | €469,003 | €757,043 | €899,951 | €1.2m | ▲ 30.8% |
| Amounts payable after more than one year17 | €176,867 | €178,569 | €133,996 | €194,777 | €452,917 | ▲ 133% |
| Financial debts170/4 | €176,867 | €178,569 | €133,996 | €194,777 | €447,067 | ▲ 130% |
| Other amounts payable178/9 | - | - | - | - | €5,850 | - |
| Amounts payable within one year42/48 | €146,782 | €290,433 | €623,048 | €705,174 | €722,846 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €35,697 | €46,021 | €44,574 | €64,502 | €131,970 | ▲ 105% |
| Financial debts43 | - | €1,134 | €0 | - | - | - |
| Credit institutions430/8 | - | €1,134 | €0 | - | - | - |
| Trade debts44 | €19,357 | €11,817 | €27,139 | €43,384 | €32,143 | ▼ 25.9% |
| Suppliers440/4 | €19,357 | €11,817 | €27,139 | €43,384 | €32,143 | ▼ 25.9% |
| Taxes, remuneration and social security45 | €3,838 | €25,343 | €22,449 | €10,455 | €7,626 | ▼ 27.1% |
| Taxes450/3 | €3,838 | €490 | €2,511 | €9,165 | €7,626 | ▼ 16.8% |
| Remuneration and social security454/9 | - | €24,853 | €19,937 | €1,290 | €0 | ▼ 100% |
| Other amounts payable47/48 | €87,891 | €206,118 | €528,886 | €586,833 | €551,107 | ▼ 6.1% |
| Accrued charges and deferred income492/3 | €195 | €0 | - | - | €1,750 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,464 | €4,906 | -€21,907 | €33,255 | €41,108 | ▲ 23.6% |
| + Depreciation and write-downs630 | €19,631 | €42,318 | €58,375 | €85,164 | €127,677 | ▲ 49.9% |
| Operating cash flow (approximation) | -€12,833 | €47,224 | €36,468 | €118,419 | €168,785 | ▲ 42.5% |
| Investment in fixed assets (approximation) | - | -€110,743 | -€300,744 | -€160,093 | -€446,729 | ▼ 179% |
| Change in cash | - | -€6,050 | €2,124 | €54,428 | -€13,889 | ▼ 126% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
20-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 14/08/2025
- Registered-office move, 8800 Roeselare, Brugsesteenweg 372 A
2025
31-12
Financial
Highest result since 2021net €41,108 ▲23.6%
Operating result €59,375, net result €41,108, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €33,255
Net result €33,255 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €4,906
Net result €4,906 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts 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.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2021
Ground area
2,147 m²
Building footprint
142 m²
Volume, LiDAR
1,020 m³
Parcel 36015A0937/00T000, Flanders · tallest building 35.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VNC CNC
since 20212.319.085.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0937/00T000 | Flanders | 2,147 m² | 1 · 142 m² | 35.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2023 to 2024 · 2 entries · 4,250 EUR awarded · 4,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,000 EUR | 3,000 EUR |
| 2023 | 1 | 1,250 EUR | 1,250 EUR |
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,049 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
Founded22-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25401Forging of metal
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769979070
Also
9925:BE0769979070
Registered
31-10-2023
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.