Equity
€1.3m ▲ 0.3%
VORTEX PANELS has made a profit in every financial year since 2019.
VORTEX PANELS
Lifetime
6 annual accounts with figures on one time axispeak €516,491 (2020)
-not published
peak €493,932 (2023)
€3,617▼ 99.3%
peak €1.3m (2024)
€1.3m▲ 0.3%
€696,221▲ 0.3%
peak 6 FTE (2024)
6 FTE▲ 7.1%
Board2 names since 2019
2 directors and 1 other
Documentsfilings and deeds
10-11-2025102 days late
2024financial year
Turnover from €3.5m to €3.9mResult from €493,932 to €3,617Investments €222,655Cash from €648,788 to €263,985
Key points
from the 2024 annual accountsResult
€3,617 ▼ 99.3%
The result fell in 2024: the 2023 profit included a one-off income of €306,717.
Investments
€222,655 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 165.3% higher than in 2023.
Staff
6 employees on 31-12-2024
In 2024, 1 person joined and 1 left.
Payment terms
13 days to suppliers
VORTEX PANELS pays its suppliers 14 days earlier than in 2023. Customers pay 11 days earlier.
Filings
6 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as VORTEX PANELS has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for VORTEX PANELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 01-04-2019
Director, since 01-04-2019
- founderdeed of 03-04-2019
- founderdeed of 03-04-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0723905753
Incorporation
Founding capital of €64,000, 1,000 shares · Founders: and · Appointments: (director) and (managing director) · published on 03-04-2019 · Gazette deed
First establishment
Rue Horace Pierard 25, Charleroi
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VORTEX PANELS Charleroi | €2.0m | - | 65.2% | 6 |
| Flexura Floors Waregem | €3.5m | €1.1m | 7.2% | 8 |
| Seiton Izegem | €3.9m | €1.7m | 29.1% | 6.5 |
| De Kastenman Opwijk | €1.0m | €0.3m | 19.8% | 3.4 |
| HARLEQUIN CENTRAL OPERATIONS Aywaille | €6.3m | €0.8m | -2.8% | 7 |
| WFR Anzegem | €3.4m | €0.7m | 23.4% | 6.2 |
| Lohisse Asse | €2.7m | €1.5m | 67.6% | 17.3 |
These companies have the same main activity as VORTEX PANELS: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210). They are comparable in size and age: total assets between €1m and €6.3m, founded between 2012 and 2019.
Official details
Source: KBO- Status
- Active since 01-04-2019Normal situation
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materialsNACE 16210and 3 others
- Establishment unit
- 2.288.817.2456060 Charleroi, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 17-07-2025
Insights on VORTEX PANELS
VORTEX PANELS has existed since 2019. In 2020 the gross margin rose from €50,124 to €516,491.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VORTEX PANELS
- What is the company number of VORTEX PANELS?
- The company number of VORTEX PANELS is 0723.905.753. The VAT number is the same number with BE in front: BE 0723.905.753.
- Where is VORTEX PANELS based?
- The registered office is at Rue Horace Pierard 25, 6060 Charleroi.Company details
- What does VORTEX PANELS do?
- According to the KBO register, the main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210).
- What is the legal form of VORTEX PANELS?
- VORTEX PANELS is a public limited company (NV).
- When was VORTEX PANELS founded?
- VORTEX PANELS was founded on 01-04-2019.
- Is VORTEX PANELS still active?
- Yes, VORTEX PANELS is an active enterprise in the KBO register.
- How many employees does VORTEX PANELS have?
- VORTEX PANELS had an average of 6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of VORTEX PANELS?
- The turnover of VORTEX PANELS was €3.9m in financial year 2024, according to the filed annual accounts.
- Is VORTEX PANELS profitable?
- In financial year 2024, VORTEX PANELS made a profit of €3,617.
- Where can I find the annual accounts of VORTEX PANELS?
- VORTEX PANELS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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