Vulcanus
ActiveVulcanus is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-115k) and a net result of €-50k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9864 sector peers (fiscal year 2024). The company has been active since 2017 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 advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9864 sector peers (2024).
NBB · sector comparisonPosition among 9864 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
58 d late
2022
92 d late
2021
31 d late
2020
27 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-115k▼ 76.6%
2023 · €-65k
2018: €24k
2019: €39k
2020: €33k
2021: €51k
2022: €11k
2023: €-65k
2018 → 2024
Net result
€-50k▲ 34.1%
2023 · €-76k
2018: €4k
2019: €16k
2020: €-6k
2021: €18k
2022: €-40k
2023: €-76k
2018 → 2024
Total assets
€713k▼ 9.8%
2023 · €791k
2018: €83k
2019: €129k
2020: €580k
2021: €1.16M
2022: €762k
2023: €791k
2018 → 2024
Solvency
-16.1%▼ 7.9pp
2023 · -8.2%
2018: 28.4%
2019: 30.5%
2020: 5.7%
2021: 4.4%
2022: 1.4%
2023: -8.2%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€51k▲ 55.4%€11k▼ 79.3%€-65k€-115k▼ 76.6%
Operating result€-2k-€24k€-37k€-71k▼ 91.2%€-47k▲ 33.0%
Net result€-6k-€18k€-40k€-76k▼ 87.2%€-50k▲ 34.1%
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 €47k in 2024 against €71k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €713k
Fixed assets
€524k▼ 29.8%
Current assets
€189k▲ 330%
Key figures and ratios
Solvency
-16.1%▼
2023 · -8.2%
ROA
-7.0%▲
2023 · -9.6%
Debt
€829k▼
2023 · €856k
Debt ≤ 1 year
€131k▲
2023 · €119k
Debt > 1 year
€697k▼
2023 · €737k
Income taxes
€36▼
2023 · €66
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€791k€713k▼
Fixed assets21/28€747k€524k▼
Tangible fixed assets22/27€747k€524k▼
Land and buildings22€617k€425k▼
Plant, machinery and equipment23€22k€24k▲
Furniture and vehicles24€107k€75k▼
Current assets29/58€44k€189k▲
Amounts receivable within one year40/41€37k€55k▲
Trade receivables40€23k€43k▲
Other amounts receivable41€14k€12k▼
Cash at bank and in hand54/58€4k€131k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€791k€713k▼
Equity10/15€-65k€-115k▼
Contributions10/11€20k€20k=
Reserves13€31k€31k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€29k€31k▲
Profit (loss) carried forward14€-116k€-166k▼
Amounts payable17/49€856k€829k▼
Amounts payable after more than one year17€737k€697k▼
Financial debts170/4€737k€697k▼
Amounts payable within one year42/48€119k€131k▲
Current portion of amounts payable after more than one year42€39k€40k▲
Trade debts44€11k€19k▲
Suppliers440/4€11k€19k▲
Taxes, remuneration and social security45€2k€292▼
Taxes450/3€750€292▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€67k€72k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€51k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€9k€9k▲
Non-recurring operating charges66A-€237
Gross operating margin9900€-19k€13k▲
Operating profit (loss)9901€-71k€-47k▲
Financial income75/76B€19k€49▼
Recurring financial income75€19k€49▼
Financial charges65/66B€24k€3k▼
Recurring financial charges65€24k€3k▼
Profit (loss) for the period before taxes9903€-76k€-50k▲
Income taxes67/77€66€36▼
Profit (loss) for the period9904€-76k€-50k▲
Profit (loss) for the period to be appropriated9905€-76k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-116k€-166k▼
Profit (loss) brought forward from the previous period14P€-40k€-116k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.44
Current ratio from 0.37 to 1.44.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-05
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.
Directors · office · real estate
Directors
3 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, Heuvelland · 1 establishment unit since 2017
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.
Kauwakkerstraat(Dran) 108951 HeuvellandGround area
1.3 ha
Building footprint
181 m²
Parcel 33006B0563/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vulcanus
since 20172.268.828.515
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33006B0563/00A000 | Flanders | 1.3 ha | 1 · 181 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8945000Z3WUTIHPDOT75
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 5,264 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2017
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.