VNCo
ActiveSummary
VNCo has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €-14k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-3
Solvency56▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.88 in 2024; short-term debt: 35.7% and cash: 0.2% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
314 d late
2022
35 d early
2021
39 d early
2020
4 d early
2019
14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€218k▼ 6.0%
2024 · €232k
2018: €249k
2019: €273k
2020: €261k
2021: €215k
2022: €251k
2023: €232k
2024: €232k
2018 → 2025
Total assets
€713k▼ 8.1%
2024 · €776k
2018: €1.04M
2019: €1.13M
2020: €1.01M
2021: €861k
2022: €869k
2023: €820k
2024: €776k
2018 → 2025
Net result
€-14k
2024 · €546
2018: €41k
2019: €24k
2020: €-12k
2021: €-46k
2022: €36k
2023: €-19k
2024: €546
2018 → 2025
Working capital
€-120k▼ 450%
2024 · €-22k
2018: €101k
2019: €4k
2020: €54k
2021: €-57k
2022: €-44k
2023: €-63k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€215k-€251k▲ 16.5%€232k▼ 7.7%€232k▲ 0.2%€218k▼ 6.0%
Operating result€-22k-€59k€-19k€12k€-20k
Net result€-46k-€36k€-19k€546€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €713k
Fixed assets
€578k ▼ 6.5%
Current assets
€135k ▼ 14.5%
Equity and liabilities €713k
Equity
€218k ▼ 6.0%
Debt
€494k ▼ 9.0%
Debt's share of the balance-sheet total falls from 70.1% to 69.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €52k
Cash flow
€26k▼
2024 · €41k
Current ratio
0.53▼
2024 · 0.88
Debt to equity
2.26▼
2024 · 2.34
ROE
-6.3%▼
2024 · 0.2%
ROA
-1.9%▼
2024 · 0.1%
Interest coverage
128.16▼
2024 · 188.51
Debt ≤ 1 year
€255k▲
2024 · €180k
Debt > 1 year
€240k▼
2024 · €364k
Income taxes
€273▼
2024 · €11k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€776k€713k▼
Fixed assets21/28€618k€578k▼
Tangible fixed assets22/27€618k€578k▼
Land and buildings22€8k€2k▼
Plant, machinery and equipment23€8k€641▼
Furniture and vehicles24€320-
Leasing and similar rights25€601k€575k▼
Current assets29/58€158k€135k▼
Amounts receivable within one year40/41€158k€127k▼
Trade receivables40€49k-
Other amounts receivable41€108k€127k▲
Cash at bank and in hand54/58€100€2k▲
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€776k€713k▼
Equity10/15€232k€218k▼
Contributions10/11€12k€12k=
Reserves13€220k€220k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€218k€218k=
Profit (loss) carried forward14-€-14k
Amounts payable17/49€543k€494k▼
Amounts payable after more than one year17€364k€240k▼
Financial debts170/4€364k€240k▼
Amounts payable within one year42/48€180k€255k▲
Current portion of amounts payable after more than one year42€119k€243k▲
Trade debts44€49k-
Suppliers440/4€49k-
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€11k€12k▲
Income statement
Code20242025
Non-recurring operating income76A€43k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k▼
Other operating charges640/8€1k€462▼
Gross operating margin9900€53k€20k▼
Operating profit (loss)9901€12k€-20k▼
Financial income75/76B€200€7k▲
Recurring financial income75€200€7k▲
Financial charges65/66B€276€156▼
Recurring financial charges65€276€156▼
Profit (loss) for the period before taxes9903€12k€-14k▼
Income taxes67/77€11k€273▼
Profit (loss) for the period9904€546€-14k▼
Profit (loss) for the period to be appropriated9905€546€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€-14k▼
Profit (loss) brought forward from the previous period14P€98k-
Transfer to equity691/2€98k-
To other reserves6921€98k-
The notes to these accounts (5 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 314 days late
2024
31-12
Financial
Back to profitnet €546
Net result €546 after one loss-making year.
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Oudsbergen · 1 establishment unit since 2012
Ground area
1,590 m²
Building footprint
230 m²
Volume, LiDAR
8 m³
Parcel 71047A0667/00L019, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 establishment unit
VNCo BVBA
since 20122.206.533.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A0667/00L019 | Flanders | 1,590 m² | 1 · 230 m² | 0.8 m |
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
Food For Design
BE 0895.897.245
Kortrijk · Eq €218,581
THE LINE
BE 0784.979.527
Bever · Eq €218,216
JDJ
BE 0804.829.586
Zwevegem · Eq €218,632
Keluda
BE 0726.566.919
Herentals · Eq €218,077
NALO BOUW
BE 0838.187.787
Lier · Eq €218,774
Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.