Summary
VULACON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €74k and a net result of €7k. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 8048 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
2 d early
2023
22 d early
2022
14 d early
2021
30 d early
2020
8 d early
2019
10 d late
← 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
€74k▲ 10.1%
2024 · €67k
2018: €17k
2019: €28k
2020: €18k
2021: €23k
2022: €24k
2023: €52k
2024: €67k
2018 → 2025
Net result
€7k▼ 52.7%
2024 · €14k
2018: €8k
2019: €11k
2020: €-10k
2021: €5k
2022: €2k
2023: €28k
2024: €14k
2018 → 2025
Total assets
€84k▲ 1.9%
2024 · €82k
2018: €24k
2019: €69k
2020: €56k
2021: €46k
2022: €40k
2023: €68k
2024: €82k
2018 → 2025
Solvency
87.8%▲ 6.6pp
2024 · 81.2%
2018: 70.7%
2019: 40.9%
2020: 32.3%
2021: 49.7%
2022: 61.7%
2023: 77.2%
2024: 81.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€24k▲ 6.6%€52k▲ 114%€67k▲ 27.3%€74k▲ 10.1%
Operating result€10k-€6k▼ 43.8%€41k▲ 640%€24k▼ 42.3%€13k▼ 44.4%
Net result€5k-€2k▼ 69.9%€28k▲ 1,761%€14k▼ 48.8%€7k▼ 52.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€8k ▲ 26.1%
Current assets
€76k ▼ 0.1%
Equity and liabilities €84k
Equity
€74k ▲ 10.1%
Debt
€10k ▼ 33.8%
Debt's share of the balance-sheet total falls from 18.8% to 12.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.2%▼
2024 · 21.4%
ROA
8.1%▼
2024 · 17.4%
Debt ≤ 1 year
€10k▼
2024 · €14k
Income taxes
€6k▼
2024 · €8k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€82k€84k▲
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Furniture and vehicles24€6k€8k▲
Current assets29/58€76k€76k▼
Amounts receivable within one year40/41€23k€11k▼
Trade receivables40€22k€11k▼
Other amounts receivable41€1k€546▼
Current investments50/53€30k€0▼
Cash at bank and in hand54/58€21k€62k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€82k€84k▲
Equity10/15€67k€74k▲
Contributions10/11€9k€9k=
Reserves13€62k€69k▲
Non-distributable reserves130/1€842€0▼
Reserves not available under the articles1311€842€0▼
Distributable reserves133€61k€69k▲
Profit (loss) carried forward14€-4k€-4k=
Amounts payable17/49€15k€10k▼
Amounts payable within one year42/48€14k€10k▼
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€2k€713▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€694€2k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€25k€16k▼
Operating profit (loss)9901€24k€13k▼
Financial income75/76B€584€460▼
Recurring financial income75€584€460▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€23k€12k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€14k€7k▼
Profit (loss) for the period to be appropriated9905€14k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€3k▼
Profit (loss) brought forward from the previous period14P€-4k€-4k=
Transfer to equity691/2€14k€7k▼
To other reserves6921€14k€7k▼
The notes to these accounts (6 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €28k ▲1,761%
Operating result €41k, net result €28k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
O.-L.-V.-ten-Spiegelestraat(Mar) 278510 Kortrijk1 establishment unit
VULACON
since 20182.271.701.792
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,539 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
Founded11-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Scores and ratios are computed by Checked and are not a credit decision.