Vormvast
ActiveSummary
The annual accounts of Vormvast for fiscal year 2024 show a net loss of 60% of total assets and of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €35,343 and a net result of -€39,302. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency79▼-21
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.78 against 8.88 in 2023; short-term debt: 45.9% and cash: 42.3% of total assets), and 45.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.1%
Return on assets
-60.2%
Age of the figures
21 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 15-06-2026, 46 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
46 d early
2024
29 d early
2023
61 d late
2022
3 d early
2021
11 d late
2020
25 d early
2019
31 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 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 28 July (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€171,308▲ 38.2%
2019 · €123,962
EBIT margin
43.2%▲ 6.3pp
2019 · 36.9%
Net result
-€39,302▲ 58.8%
2023 · -€95,360
Working capital
€23,425▼ 60.9%
2023 · €59,852
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Turnover€171,308▲ 38.2%
Operating result€74,018▲ 61.9%€78,773▲ 6.4%-€4,232-€95,083▼ 2,147%-€39,644▲ 58.3%
Net result€58,608above the sector's middle half▲ 79.0%€61,945above the sector's middle half▲ 5.7%-€1,887below the sector's middle half-€95,360below the sector's middle half▼ 4,954%-€39,302below the sector's middle half▲ 58.8%
EBIT margin43.2%▲ 6.3pp
Equity€103,746within the sector's middle half▲ 130%€171,892above the sector's middle half▲ 65.7%€170,005above the sector's middle half▼ 1.1%€74,645within the sector's middle half▼ 56.1%€35,343within the sector's middle half▼ 52.7%
Total assets€146,594within the sector's middle half▲ 104%€234,971within the sector's middle half▲ 60.3%€207,116within the sector's middle half▼ 11.9%€82,238within the sector's middle half▼ 60.3%€65,314below the sector's middle half▼ 20.6%
Debt€42,847▲ 59.8%€63,079▲ 47.2%€37,111▼ 41.2%€7,594▼ 79.5%€29,971▲ 295%
Working capital€81,869within the sector's middle half▲ 154%€156,537above the sector's middle half▲ 91.2%€148,157above the sector's middle half▼ 5.4%€59,852within the sector's middle half▼ 59.6%€23,425within the sector's middle half▼ 60.9%
Solvency70.8%within the sector's middle half▲ 8.0pp73.2%within the sector's middle half▲ 2.4pp82.1%above the sector's middle half▲ 8.9pp90.8%above the sector's middle half▲ 8.7pp54.1%within the sector's middle half▼ 36.7pp
Current ratio2.91within the sector's middle half▲ 0.713.48within the sector's middle half▲ 0.574.99above the sector's middle half▲ 1.518.88above the sector's middle half▲ 3.891.78within the sector's middle half▼ 7.10
Return on assets (ROA)40.0%above the sector's middle half▼ 5.5pp26.4%above the sector's middle half▼ 13.6pp-0.9%below the sector's middle half▼ 27.3pp-116.0%below the sector's middle half▼ 115.0pp-60.2%below the sector's middle half▲ 55.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 stays negative: a loss of €39,644 in 2024 against €95,083 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65,314
Fixed assets
€11,918 ▼ 19.4%
Current assets
€53,396 ▼ 20.8%
Equity and liabilities €65,314
Equity
€35,343 ▼ 52.7%
Debt
€29,971 ▲ 295%
Debt's share of the balance-sheet total rises from 9.2% to 45.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€35,696▲
2023 · -€88,027
Cash flow
-€35,353▲
2023 · -€88,304
Debt to equity
0.85▲
2023 · 0.10
ROE
-111.2%▲
2023 · -127.8%
Interest coverage
-151.72▲
2023 · -632.56
Debt ≤ 1 year
€29,971▲
2023 · €7,594
Income taxes
€0▼
2023 · €138
Staff costs
€0▼
2023 · €565
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 0.8% 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 3,592 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €171,308 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €16,386 | €7,082 | €565 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,624 | €9,636 | €5,765 | €7,056 | €3,948 | ▼ 44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,521 | €0 | - | €1,260 | - |
| Other operating charges640/8 | - | €591 | €1,153 | €915 | €1,307 | ▲ 42.9% |
| Gross operating margin9900 | €86,063 | €108,907 | €9,768 | -€86,548 | -€33,129 | ▲ 61.7% |
| Operating profit (loss)9901 | €74,018 | €78,773 | -€4,232 | -€95,083 | -€39,644 | ▲ 58.3% |
| Financial income75/76B | - | €103 | €3,994 | €0 | €578 | - |
| Recurring financial income75 | €44 | €103 | €0 | €0 | €578 | - |
| Non-recurring financial income76B | - | - | €3,994 | €0 | - | - |
| Financial charges65/66B | - | €92 | €1,224 | €139 | €235 | ▲ 69.1% |
| Recurring financial charges65 | €322 | €92 | €1,224 | €139 | €235 | ▲ 69.1% |
| Profit (loss) for the period before taxes9903 | €73,740 | €78,784 | -€1,462 | -€95,222 | -€39,302 | ▲ 58.7% |
| Income taxes67/77 | €15,132 | €16,839 | €425 | €138 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €58,608 | €61,945 | -€1,887 | -€95,360 | -€39,302 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €58,608 | €61,945 | -€1,887 | -€95,360 | -€39,302 | ▲ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,594 | €234,971 | €207,116 | €82,238 | €65,314 | ▼ 20.6% |
| Fixed assets21/28 | €21,878 | €15,355 | €21,848 | €14,792 | €11,918 | ▼ 19.4% |
| Intangible fixed assets21 | €2,983 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €18,894 | €15,354 | €21,848 | €14,792 | €11,918 | ▼ 19.4% |
| Plant, machinery and equipment23 | - | €1,469 | €853 | €237 | €946 | ▲ 298% |
| Furniture and vehicles24 | - | €9,118 | €16,784 | €10,901 | €7,875 | ▼ 27.8% |
| Other tangible fixed assets26 | - | €4,768 | €4,211 | €3,654 | €3,097 | ▼ 15.2% |
| Current assets29/58 | €124,716 | €219,616 | €185,268 | €67,446 | €53,396 | ▼ 20.8% |
| Amounts receivable within one year40/41 | €16,867 | €89,170 | €39,197 | €27,714 | €17,845 | ▼ 35.6% |
| Trade receivables40 | - | €27,270 | €25,870 | €13,932 | €17,580 | ▲ 26.2% |
| Other amounts receivable41 | - | €61,900 | €13,328 | €13,782 | €265 | ▼ 98.1% |
| Current investments50/53 | - | €10,500 | €9,532 | €9,532 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €107,849 | €119,946 | €130,586 | €30,200 | €27,606 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | - | - | €5,952 | €0 | €7,946 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,594 | €234,971 | €207,116 | €82,238 | €65,314 | ▼ 20.6% |
| Equity10/15 | €103,746 | €171,892 | €170,005 | €74,645 | €35,343 | ▼ 52.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €91,346 | €153,292 | €153,292 | €153,292 | €32,739 | ▼ 78.6% |
| Distributable reserves133 | - | €153,292 | €153,292 | €153,292 | €32,739 | ▼ 78.6% |
| Profit (loss) carried forward14 | - | - | -€1,887 | -€97,247 | -€15,996 | ▲ 83.6% |
| Amounts payable17/49 | €42,847 | €63,079 | €37,111 | €7,594 | €29,971 | ▲ 295% |
| Amounts payable within one year42/48 | €42,847 | €63,079 | €37,111 | €7,594 | €29,971 | ▲ 295% |
| Trade debts44 | €2,497 | €4,618 | €13,091 | €226 | €7,361 | ▲ 3,157% |
| Suppliers440/4 | - | €4,618 | €13,091 | €226 | €7,361 | ▲ 3,157% |
| Taxes, remuneration and social security45 | - | €51,213 | €23,781 | €7,368 | €8,673 | ▲ 17.7% |
| Taxes450/3 | - | €43,600 | €19,416 | €7,368 | €8,673 | ▲ 17.7% |
| Remuneration and social security454/9 | - | €7,613 | €4,366 | €0 | - | - |
| Other amounts payable47/48 | - | €7,248 | €238 | €0 | €13,937 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,608 | €61,945 | -€1,887 | -€95,360 | -€39,302 | ▲ 58.8% |
| + Depreciation and write-downs630 | €6,624 | €9,636 | €5,765 | €7,056 | €3,948 | ▼ 44.0% |
| Operating cash flow (approximation) | €65,232 | €71,581 | €3,879 | -€88,304 | -€35,353 | ▲ 60.0% |
| Investment in fixed assets (approximation) | - | -€3,113 | -€12,259 | €0 | -€1,074 | - |
| Change in cash | - | €12,097 | €10,640 | -€100,386 | -€2,594 | ▲ 97.4% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€95,360
Net result drops to -€95,360, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Highest result since 2019net €61,945 ▲5.7%
Operating result €78,773, net result €61,945, both a record.
31-12
Financial
Equity above €150,000Eq €171,892 ▲65.7%
3 profitable years in a row build equity to €171,892.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €103,746 ▲130%
2 profitable years in a row build equity to €103,746.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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, Hemiksem · 1 establishment unit since 2019
Ground area
443 m²
Building footprint
76 m²
Volume, LiDAR
371 m³
Parcel 11018B0096/00E003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vormvast
since 20192.284.165.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0096/00E003 | Flanders | 443 m² | 1 · 76 m² | 8.5 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.
Similar companies · same sector, comparable size
ACD bouw- en opleveringsadvies
BE 0734.441.537
Merelbeke-Melle · Eq €35,415
Archico
BE 0714.978.387
Wellen · Eq €35,436
NUTS GREEN
BE 0553.604.536
Bastogne · Eq €35,249
VD Engineering & Design
BE 1019.560.169
Balen · Eq €35,476
TELEMA MANAGEMENT & CONSULTING
BE 0794.418.716
Ukkel · Eq €35,199
Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,597 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 (pre-2019)
Founded04-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717654696
Also
9925:BE0717654696
Registered
09-05-2025
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.