Vonken
ActiveSummary
The computed 12-month bankruptcy probability of Vonken is 2.3% (moderate). The 2025 annual accounts show equity of €766,836 and a net result of -€316,698. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 200 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-69
Solvency100▲+24
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 1.84 in 2023; short-term debt: 17.2% and cash: 23.9% of total assets), and 21.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2023
29 d early
2022
on the day
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€766,836▲ 222%
2023 · €238,163
Total assets
€977,892▲ 111%
2023 · €463,736
Net result
-€316,698
2023 · €2,706
Working capital
€249,977▲ 104%
2023 · €122,288
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232025
Operating result€58,977-€25,249▼ 57.2%€3,092▼ 87.8%-€309,624-
Net result€56,218above the sector's middle half-€23,086within the sector's middle half▼ 58.9%€2,706within the sector's middle half▼ 88.3%-€316,698below the sector's middle half-
Equity€180,427above the sector's middle half-€235,457above the sector's middle half▲ 30.5%€238,163above the sector's middle half▲ 1.1%€766,836above the sector's middle half-
Total assets€334,195within the sector's middle half-€458,278above the sector's middle half▲ 37.1%€463,736above the sector's middle half▲ 1.2%€977,892above the sector's middle half-
Debt€153,768-€222,821▲ 44.9%€225,572▲ 1.2%€211,056-
Working capital€168,140above the sector's middle half-€196,758above the sector's middle half▲ 17.0%€122,288above the sector's middle half▼ 37.8%€249,977above the sector's middle half-
Solvency54.0%within the sector's middle half-51.4%within the sector's middle half▼ 2.6pp51.4%within the sector's middle half=78.4%above the sector's middle half-
Current ratio2.80within the sector's middle half-2.65within the sector's middle half▼ 0.151.84within the sector's middle half▼ 0.812.48within the sector's middle half-
Return on assets (ROA)16.8%above the sector's middle half-5.0%within the sector's middle half▼ 11.8pp0.6%within the sector's middle half▼ 4.5pp-32.4%below the sector's middle half-
Staff (FTE)0.3-1.5-
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical 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
The operating result is -€309,624 in 2025, compared with €3,092 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €977,892
Fixed assets
€559,528 ▲ 186%
Current assets
€418,364 ▲ 56.0%
Equity and liabilities €977,892
Equity
€766,836 ▲ 222%
Debt
€211,056 ▼ 6.4%
Debt's share of the balance-sheet total falls from 48.6% to 21.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€190,747▼
2023 · €50,108
Cash flow
-€197,821▼
2023 · €49,722
Quick ratio
1.47▲
2023 · 0.98
Debt to equity
0.28▼
2023 · 0.95
ROE
-41.3%▼
2023 · 1.1%
Interest coverage
-23.11▼
2023 · 76.71
Debt ≤ 1 year
€168,387▲
2023 · €145,871
Debt > 1 year
€42,669▼
2023 · €79,701
Income taxes
€166
Staff costs
€113,988▲
2023 · €10,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,341 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% | 1.8% |
| 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 3,592 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 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,226 | €21,545 | €10,981 | €113,988 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,401 | €24,760 | €47,016 | €118,877 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €72,836 | - |
| Other operating charges640/8 | €251 | €298 | €1,280 | €1,407 | - |
| Gross operating margin9900 | €78,854 | €71,851 | €62,368 | -€2,516 | - |
| Operating profit (loss)9901 | €58,977 | €25,249 | €3,092 | -€309,624 | - |
| Financial income75/76B | €28 | €326 | €268 | €1,345 | - |
| Recurring financial income75 | €28 | €326 | €268 | €1,345 | - |
| Financial charges65/66B | €1,995 | €2,489 | €653 | €8,254 | - |
| Recurring financial charges65 | €1,995 | €2,489 | €653 | €8,254 | - |
| Profit (loss) for the period before taxes9903 | €57,010 | €23,086 | €2,706 | -€316,533 | - |
| Income taxes67/77 | €793 | €0 | - | €166 | - |
| Profit (loss) for the period9904 | €56,218 | €23,086 | €2,706 | -€316,698 | - |
| Profit (loss) for the period to be appropriated9905 | €56,218 | €23,086 | €2,706 | -€316,698 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €334,195 | €458,278 | €463,736 | €977,892 | - |
| Fixed assets21/28 | €72,423 | €142,096 | €195,577 | €559,528 | - |
| Intangible fixed assets21 | €64,941 | €135,911 | €187,426 | €525,319 | - |
| Tangible fixed assets22/27 | €5,737 | €4,439 | €6,406 | €32,464 | - |
| Plant, machinery and equipment23 | €2,712 | €2,052 | €1,392 | €6,116 | - |
| Furniture and vehicles24 | €3,025 | €2,387 | €5,014 | €26,347 | - |
| Financial fixed assets28 | €1,745 | €1,745 | €1,745 | €1,745 | - |
| Current assets29/58 | €261,772 | €316,182 | €268,159 | €418,364 | - |
| Stocks and contracts in progress3 | €35,563 | €153,401 | €125,725 | €171,149 | - |
| Stocks30/36 | €35,563 | €153,401 | €125,725 | €171,149 | - |
| Amounts receivable within one year40/41 | €18,042 | €18,057 | €35,908 | €12,698 | - |
| Trade receivables40 | €18,042 | €10,838 | €35,908 | €11,052 | - |
| Other amounts receivable41 | €0 | €7,219 | €0 | €1,646 | - |
| Cash at bank and in hand54/58 | €204,429 | €143,798 | €97,139 | €233,445 | - |
| Deferred charges and accrued income490/1 | €3,738 | €926 | €9,386 | €1,072 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €334,195 | €458,278 | €463,736 | €977,892 | - |
| Equity10/15 | €180,427 | €235,457 | €238,163 | €766,836 | - |
| Contributions10/11 | €86,000 | €117,944 | €117,944 | €963,315 | - |
| Reserves13 | €94,427 | €117,513 | €120,219 | €120,219 | - |
| Distributable reserves133 | €94,427 | €117,513 | €120,219 | €120,219 | - |
| Profit (loss) carried forward14 | - | - | - | -€316,698 | - |
| Amounts payable17/49 | €153,768 | €222,821 | €225,572 | €211,056 | - |
| Amounts payable after more than one year17 | €60,000 | €103,396 | €79,701 | €42,669 | - |
| Financial debts170/4 | €60,000 | €103,396 | €79,701 | €42,669 | - |
| Amounts payable within one year42/48 | €93,632 | €119,424 | €145,871 | €168,387 | - |
| Current portion of amounts payable after more than one year42 | - | - | €23,695 | €30,498 | - |
| Financial debts43 | - | - | - | €412 | - |
| Credit institutions430/8 | - | - | - | €412 | - |
| Trade debts44 | €53,399 | €82,906 | €105,330 | €73,467 | - |
| Suppliers440/4 | €53,399 | €82,906 | €105,330 | €73,467 | - |
| Advances received on contracts in progress46 | €7,703 | €562 | €0 | €6,154 | - |
| Taxes, remuneration and social security45 | €7,079 | €793 | €16,806 | €25,701 | - |
| Taxes450/3 | €3,186 | €793 | €12,713 | €6,213 | - |
| Remuneration and social security454/9 | €3,893 | €0 | €4,092 | €19,488 | - |
| Other amounts payable47/48 | €25,451 | €35,163 | €41 | €32,154 | - |
| Accrued charges and deferred income492/3 | €135 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,218 | €23,086 | €2,706 | -€316,698 | - |
| + Depreciation and write-downs630 | €8,401 | €24,760 | €47,016 | €118,877 | - |
| Operating cash flow (approximation) | €64,619 | €47,846 | €49,722 | -€197,821 | - |
| Investment in fixed assets (approximation) | - | -€94,432 | -€100,498 | - | - |
| Change in cash | - | -€60,631 | -€46,659 | - | - |
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
2026
09-07
State Gazette act
Registered officeRegistered office clause · Registered-office move3 facts ▸
State Gazette act
Registered office
Registered office clause · Registered-office move3 facts ▸
- Registered office clause, Vlamingstraat 4,8560 Wevelgem,België
- Board meeting, 08-04-2026
- Registered-office move, Beverlaai 3A te 8500 Kortrijk
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€316,698
Net result drops to -€316,698, the lowest in the series.
30-09
Financial
Equity above €500,000Eq €766,836 ▲222%
Equity rises from €238,163 to €766,836.
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €235,457 ▲30.5%
2 profitable years in a row build equity to €235,457.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2020
Ground area
716 m²
Building footprint
610 m²
Volume, LiDAR
3,395 m³
Parcel 34022E0099/00X002, Flanders · tallest building 13.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vonken
since 20202.308.964.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0099/00X002 | Flanders | 716 m² | 1 · 610 m² | 13.3 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.
Articles of association
Legal form clause
Besloten vennootschap
Other statement
One provision in the deed
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 34,916 EUR awarded · 27,456 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 7,460 EUR |
| 2024 | 2 | 16,133 EUR | 1,213 EUR |
| 2023 | 2 | 11,783 EUR | 11,783 EUR |
| 2022 | 1 | 7,000 EUR | 7,000 EUR |
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Of 27 companies in this sector we hold annual accounts for 19. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded31-03-2020
Fiscal year end30-09
Activities, NACEBEL 2025
27520Manufacture of electrical equipment
46431Wholesale of electrical household appliances and audio-video equipment
23200Manufacture of other non-metallic mineral products
23310Manufacture of other non-metallic mineral products
32990Other manufacturing not elsewhere classified
43342Specialised construction activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745732634
Registered
20-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.