VULCANA
Open bankruptcyA bankruptcy procedure is open for VULCANA according to publications in the Belgian State Gazette; curator: NICOLAS CLAERHOUT. The 2025 annual accounts show negative equity (€-106k) and a net result of €-66k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-106k
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 02-06-2026, 59 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
59 d early
2024
50 d late
2023
36 d late
2022
18 d early
2021
31 d early
2020
222 d late
2019
152 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-106k▼ 163%
2024 · €-40k
2018: €132k
2019: €184k
2020: €183k
2021: €184k
2022: €186k
2023: €34k
2024: €-40k
2018 → 2025
Total assets
€639k▼ 4.2%
2024 · €667k
2018: €226k
2019: €287k
2020: €197k
2021: €199k
2022: €200k
2023: €492k
2024: €667k
2018 → 2025
Net result
€-66k▲ 11.4%
2024 · €-74k
2018: €9k
2019: €52k
2020: €-1k
2021: €1k
2022: €1k
2023: €-44k
2024: €-74k
2018 → 2025
Working capital
€-357k▼ 31.3%
2024 · €-272k
2018: €-58k
2019: €183k
2020: €182k
2021: €184k
2022: €186k
2023: €-123k
2024: €-272k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€184k-€186k▲ 0.8%€34k▼ 81.8%€-40k€-106k▼ 163%
Operating result€-2k-€-2k▲ 32.6%€-35k▼ 2,067%€-55k▼ 58.2%€-39k▲ 29.9%
Net result€1k-€1k▲ 1.8%€-44k€-74k▼ 70.3%€-66k▲ 11.4%
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 stays negative: a loss of €39k in 2025 against €55k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €639k
Fixed assets
€619k▲ 13.1%
Current assets
€21k▼ 82.8%
Key figures and ratios
EBITDA
€-24k▲
2024 · €-43k
Cash flow
€-51k▲
2024 · €-62k
Solvency
-16.6%▼
2024 · -6.1%
Current ratio
0.05▼
2024 · 0.31
Quick ratio
0.05▼
2024 · 0.31
Debt / equity
-7.02▲
2024 · -17.50
ROA
-10.3%▲
2024 · -11.1%
Interest coverage
-0.88▲
2024 · -2.31
Debt
€745k▲
2024 · €708k
Debt ≤ 1 year
€378k▼
2024 · €393k
Debt > 1 year
€356k▲
2024 · €314k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€667k€639k▼
Fixed assets21/28€547k€619k▲
Tangible fixed assets22/27€547k€619k▲
Land and buildings22€547k€583k▲
Furniture and vehicles24-€36k
Current assets29/58€121k€21k▼
Amounts receivable after more than one year29-€5k
Other amounts receivable291-€5k
Amounts receivable within one year40/41€89k€7k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€80k€1k▼
Cash at bank and in hand54/58€25k€2k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€667k€639k▼
Equity10/15€-40k€-106k▼
Contributions10/11€22k€22k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-62k€-128k▼
Amounts payable17/49€708k€745k▲
Amounts payable after more than one year17€314k€356k▲
Financial debts170/4€314k€356k▲
Amounts payable within one year42/48€393k€378k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€115k€73k▼
Suppliers440/4€115k€73k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€0€300▲
Taxes450/3€0€300▲
Other amounts payable47/48€268k€292k▲
Accrued charges and deferred income492/3€1k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€27k€31k▲
Non-recurring operating charges66A€11k€0▼
Gross operating margin9900€-6k€7k▲
Operating profit (loss)9901€-55k€-39k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€19k€27k▲
Recurring financial charges65€19k€27k▲
Profit (loss) for the period before taxes9903€-74k€-66k▲
Profit (loss) for the period9904€-74k€-66k▲
Profit (loss) for the period to be appropriated9905€-74k€-66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€-128k▼
Profit (loss) brought forward from the previous period14P-€-62k
Transfer from equity791/2€12k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
25-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · VULCANA BV VELDSTRAAT 3, 9900 EEKLO · event 18-08-2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 222 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2020
31-12
Financial
Liquidity times 5current ratio 13.95
Current ratio from 2.77 to 13.95; short-term debt falls from €103k to €14k.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 152 days late
2019
31-12
Financial
Highest result since 2018net €52k ▲466%
Operating result €65k, net result €52k, both a record.
31-12
Financial
Liquidity times 7current ratio 2.77
Current ratio from 0.38 to 2.77.
31-12
Financial
Equity above €150kEq €184k ▲39.4%
2 profitable years in a row build equity to €184k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Eeklo · 1 establishment unit since 2016
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.
Veldstraat 39900 EekloGround area
2,455 m²
Building footprint
624 m²
Volume, LiDAR
3,301 m³
2 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VULCANA
since 20162.258.637.773
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0180/00C000 | Flanders | 1,284 m² | 1 · 515 m² | 12.8 m · 1 fl. |
| 43005D0297/00P002 | Flanders | 1,171 m² | 1 · 109 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS CLAERHOUT KERKSTRAAT 3, 9950 WAAR-
SCHOOT |
18-08-2026 → present |
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Of 733 companies in sector 55209 we hold annual accounts for 209. 133 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2016
Fiscal year end31-12
Activities, NACEBEL
55209Other holiday and short-stay accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.