VOGELS
ActiveSummary
VOGELS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €299,254 and a net result of €105,807. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+11
Solvency81▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.97 in 2024; short-term debt: 28% of total assets), and 44.1% 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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 · 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
55.9%
Return on assets
19.8%
Age of the figures
9 mo
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 · 6 filingsDeviation from the deadline
2025
1 d early
2024
27 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€299,254▲ 20.3%
2024 · €248,747
Total assets
€535,126▼ 12.1%
2024 · €608,918
Net result
€105,807▲ 63.1%
2024 · €64,858
Working capital
€8,371
2024 · -€7,147
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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€47,273▼ 8.9%€55,091▲ 16.5%€36,690▼ 33.4%€104,729▲ 185%€159,309▲ 52.1%
Net result€26,906within the sector's middle half▼ 8.2%€36,594above the sector's middle half▲ 36.0%€17,511within the sector's middle half▼ 52.1%€64,858above the sector's middle half▲ 270%€105,807above the sector's middle half▲ 63.1%
Equity€129,785within the sector's middle half▲ 26.2%€166,379within the sector's middle half▲ 28.2%€183,890within the sector's middle half▲ 10.5%€248,747above the sector's middle half▲ 35.3%€299,254above the sector's middle half▲ 20.3%
Total assets€622,032within the sector's middle half▼ 6.0%€675,922within the sector's middle half▲ 8.7%€535,571within the sector's middle half▼ 20.8%€608,918within the sector's middle half▲ 13.7%€535,126within the sector's middle half▼ 12.1%
Debt€492,247▼ 11.9%€509,543▲ 3.5%€351,681▼ 31.0%€360,171▲ 2.4%€235,872▼ 34.5%
Working capital-€25,139within the sector's middle half▼ 21.9%-€20,917within the sector's middle half▲ 16.8%-€37,395within the sector's middle half▼ 78.8%-€7,147within the sector's middle half▲ 80.9%€8,371within the sector's middle half
Solvency20.9%within the sector's middle half▲ 5.3pp24.6%within the sector's middle half▲ 3.8pp34.3%within the sector's middle half▲ 9.7pp40.9%within the sector's middle half▲ 6.5pp55.9%within the sector's middle half▲ 15.1pp
Current ratio0.90within the sector's middle half▼ 0.030.93within the sector's middle half▲ 0.030.79within the sector's middle half▼ 0.140.97within the sector's middle half▲ 0.181.06within the sector's middle half▲ 0.09
Return on assets (ROA)4.3%within the sector's middle half▼ 0.1pp5.4%within the sector's middle half▲ 1.1pp3.3%within the sector's middle half▼ 2.1pp10.7%above the sector's middle half▲ 7.4pp19.8%above the sector's middle half▲ 9.1pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535,126
Fixed assets
€377,116 ▼ 1.9%
Current assets
€158,010 ▼ 29.6%
Equity and liabilities €535,126
Equity
€299,254 ▲ 20.3%
Debt
€235,872 ▼ 34.5%
Debt's share of the balance-sheet total falls from 59.1% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€166,784▲
2024 · €112,082
Cash flow
€113,282▲
2024 · €72,211
Quick ratio
0.85▼
2024 · 0.93
Debt to equity
0.79▼
2024 · 1.45
ROE
35.4%▲
2024 · 26.1%
Interest coverage
29.51▲
2024 · 11.69
Debt ≤ 1 year
€149,639▼
2024 · €231,474
Debt > 1 year
€86,233▼
2024 · €128,697
Income taxes
€49,754▲
2024 · €33,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 | €8 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,062 | €7,062 | €7,123 | €7,353 | €7,475 | ▲ 1.7% |
| Other operating charges640/8 | €1,896 | €1,874 | €500 | €13,388 | €2,722 | ▼ 79.7% |
| Gross operating margin9900 | €56,239 | €64,027 | €44,314 | €125,470 | €169,506 | ▲ 35.1% |
| Operating profit (loss)9901 | €47,273 | €55,091 | €36,690 | €104,729 | €159,309 | ▲ 52.1% |
| Financial income75/76B | €3,941 | €8,117 | €339 | €2,922 | €1,904 | ▼ 34.8% |
| Recurring financial income75 | €3,941 | €8,117 | €339 | €2,922 | €1,904 | ▼ 34.8% |
| Financial charges65/66B | €11,760 | €9,543 | €11,500 | €9,585 | €5,652 | ▼ 41.0% |
| Recurring financial charges65 | €11,760 | €9,543 | €11,500 | €9,585 | €5,652 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €39,454 | €53,665 | €25,529 | €98,066 | €155,561 | ▲ 58.6% |
| Income taxes67/77 | €12,548 | €17,071 | €8,017 | €33,208 | €49,754 | ▲ 49.8% |
| Profit (loss) for the period9904 | €26,906 | €36,594 | €17,511 | €64,858 | €105,807 | ▲ 63.1% |
| Profit (loss) for the period to be appropriated9905 | €26,906 | €36,594 | €17,511 | €64,858 | €105,807 | ▲ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €622,032 | €675,922 | €535,571 | €608,918 | €535,126 | ▼ 12.1% |
| Fixed assets21/28 | €404,891 | €397,829 | €391,405 | €384,591 | €377,116 | ▼ 1.9% |
| Tangible fixed assets22/27 | €404,891 | €397,829 | €391,405 | €384,591 | €377,116 | ▼ 1.9% |
| Land and buildings22 | €404,891 | €397,829 | €390,767 | €383,705 | €376,643 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | - | €638 | €405 | €172 | ▼ 57.6% |
| Furniture and vehicles24 | - | - | - | €481 | €302 | ▼ 37.3% |
| Current assets29/58 | €217,141 | €278,093 | €144,166 | €224,327 | €158,010 | ▼ 29.6% |
| Amounts receivable after more than one year29 | €113,009 | €104,443 | €90,144 | €78,255 | €66,051 | ▼ 15.6% |
| Other amounts receivable291 | €113,009 | €104,443 | €90,144 | €78,255 | €66,051 | ▼ 15.6% |
| Stocks and contracts in progress3 | €23,134 | €82,770 | €11,240 | €8,003 | €31,490 | ▲ 293% |
| Stocks30/36 | €23,134 | €82,770 | €11,240 | €8,003 | €31,490 | ▲ 293% |
| Amounts receivable within one year40/41 | €80,998 | €90,880 | €42,782 | €119,967 | €60,302 | ▼ 49.7% |
| Trade receivables40 | €78,314 | €84,356 | €42,656 | €96,721 | €59,623 | ▼ 38.4% |
| Other amounts receivable41 | €2,685 | €6,524 | €126 | €23,246 | €679 | ▼ 97.1% |
| Cash at bank and in hand54/58 | - | - | - | €18,102 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €167 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €622,032 | €675,922 | €535,571 | €608,918 | €535,126 | ▼ 12.1% |
| Equity10/15 | €129,785 | €166,379 | €183,890 | €248,747 | €299,254 | ▲ 20.3% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €55,300 | €91,850 | €109,350 | €174,200 | €224,705 | ▲ 29.0% |
| Distributable reserves133 | €55,300 | €91,850 | €109,350 | €174,200 | €224,705 | ▲ 29.0% |
| Profit (loss) carried forward14 | €117 | €160 | €172 | €179 | €181 | ▲ 1.0% |
| Amounts payable17/49 | €492,247 | €509,543 | €351,681 | €360,171 | €235,872 | ▼ 34.5% |
| Amounts payable after more than one year17 | €249,967 | €210,534 | €170,120 | €128,697 | €86,233 | ▼ 33.0% |
| Financial debts170/4 | €249,967 | €210,534 | €170,120 | €128,697 | €86,233 | ▼ 33.0% |
| Amounts payable within one year42/48 | €242,280 | €299,010 | €181,561 | €231,474 | €149,639 | ▼ 35.4% |
| Current portion of amounts payable after more than one year42 | €83,601 | €114,433 | €59,503 | €67,132 | €42,464 | ▼ 36.7% |
| Financial debts43 | €3,770 | €38,695 | €20,981 | €48,448 | €20,894 | ▼ 56.9% |
| Credit institutions430/8 | €3,770 | €38,695 | €20,981 | €48,448 | €20,894 | ▼ 56.9% |
| Trade debts44 | €124,325 | €94,435 | €72,231 | €69,056 | €37,681 | ▼ 45.4% |
| Suppliers440/4 | €124,325 | €94,435 | €72,231 | €69,056 | €37,681 | ▼ 45.4% |
| Taxes, remuneration and social security45 | €26,956 | €30,456 | €26,361 | €46,837 | €48,601 | ▲ 3.8% |
| Taxes450/3 | €26,956 | €30,456 | €26,361 | €46,837 | €48,601 | ▲ 3.8% |
| Other amounts payable47/48 | €3,628 | €20,990 | €2,484 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,906 | €36,594 | €17,511 | €64,858 | €105,807 | ▲ 63.1% |
| + Depreciation and write-downs630 | €7,062 | €7,062 | €7,123 | €7,353 | €7,475 | ▲ 1.7% |
| Operating cash flow (approximation) | €33,968 | €43,656 | €24,634 | €72,211 | €113,282 | ▲ 56.9% |
| Investment in fixed assets (approximation) | - | €0 | -€700 | -€539 | €0 | ▲ 100% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €105,807 ▲63.1%
Operating result €159,309, net result €105,807, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €200,000Eq €248,747 ▲35.3%
5 profitable years in a row build equity to €248,747.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €17,511 ▼52.1%
Net result drops to €17,511, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €150,000Eq €166,379 ▲28.2%
3 profitable years in a row build equity to €166,379.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oudsbergen · 1 establishment unit since 1997
Ground area
2,462 m²
Building footprint
480 m²
Volume, LiDAR
1,547 m³
Parcel 72011B0368/00P002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Neerhovenstraat 67, 3670 Meeuwen-Gruitrode
since 19972.199.627.428
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72011B0368/00P002 | Flanders | 2,462 m² | 1 · 480 m² | 9.7 m · 1 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
2022 to 2025 · 5 entries · 1,699 EUR awarded · 1,699 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 410 EUR | 410 EUR |
| 2024 | 1 | 400 EUR | 400 EUR |
| 2023 | 2 | 539 EUR | 539 EUR |
| 2022 | 1 | 350 EUR | 350 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMeeuwen-Gruitrode2.199.627.428
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Of 20,584 companies in sector 01500 we hold annual accounts for 1,149. 930 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
Founded29-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460660819
Also
9925:BE0460660819
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.