VULKAGOM
ActiveVULKAGOM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €600k and a net result of €88k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 198 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
93
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-16
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 2.9 in 2023), and 30.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.4%
Return on assets
10.2%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
60 d late
2022
67 d late
2021
11 d late
2020
25 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€600k▲ 17.2%
2023 · €512k
2018: €188k
2019: €233k
2020: €292k
2021: €300k
2022: €421k
2023: €512k
2018 → 2024
Total assets
€864k▲ 10.0%
2023 · €786k
2018: €455k
2019: €506k
2020: €509k
2021: €673k
2022: €867k
2023: €786k
2018 → 2024
Net result
€88k▼ 3.4%
2023 · €91k
2018: €48k
2019: €64k
2020: €78k
2021: €115k
2022: €143k
2023: €91k
2018 → 2024
Working capital
€552k▲ 11.6%
2023 · €495k
2018: €135k
2019: €191k
2020: €263k
2021: €273k
2022: €405k
2023: €495k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€292k-€300k▲ 2.6%€421k▲ 40.4%€512k▲ 21.7%€600k▲ 17.2%
Operating result€109k-€166k▲ 52.5%€209k▲ 25.9%€138k▼ 34.0%€135k▼ 2.2%
Net result€78k-€115k▲ 46.8%€143k▲ 24.5%€91k▼ 36.3%€88k▼ 3.4%
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 has fallen two years in a row; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €864k
Fixed assets
€52k▲ 66.3%
Current assets
€812k▲ 7.7%
Equity and liabilities €864k
Equity
€600k▲ 17.2%
Debt
€264k▼ 3.5%
The debt ratio falls from 34.8% to 30.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€148k▼
2023 · €150k
Cash flow
€101k▼
2023 · €103k
Solvency
69.4%▲
2023 · 65.2%
Current ratio
3.12▲
2023 · 2.90
Quick ratio
3.01▲
2023 · 2.65
Debt / equity
0.44▼
2023 · 0.53
ROE
14.7%▼
2023 · 17.8%
ROA
10.2%▼
2023 · 11.6%
Interest coverage
24.90▼
2023 · 37.87
Debt
€264k▼
2023 · €274k
Debt ≤ 1 year
€261k▲
2023 · €260k
Debt > 1 year
€3k▼
2023 · €14k
Income taxes
€42k▼
2023 · €44k
Staff costs
€143k▲
2023 · €102k
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€786k€864k▲
Fixed assets21/28€31k€52k▲
Tangible fixed assets22/27€31k€52k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€4k€22k▲
Leasing and similar rights25€24k€14k▼
Other tangible fixed assets26-€14k
Current assets29/58€755k€812k▲
Stocks and contracts in progress3€65k€28k▼
Stocks30/36€65k€28k▼
Amounts receivable within one year40/41€285k€202k▼
Trade receivables40€234k€150k▼
Other amounts receivable41€51k€52k▲
Cash at bank and in hand54/58€399k€578k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€786k€864k▲
Equity10/15€512k€600k▲
Contributions10/11€6k€6k=
Reserves13€506k€594k▲
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Distributable reserves133€495k€583k▲
Amounts payable17/49€274k€264k▼
Amounts payable after more than one year17€14k€3k▼
Financial debts170/4€14k€3k▼
Amounts payable within one year42/48€260k€261k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€76k€68k▼
Credit institutions430/8€76k€68k▼
Trade debts44€127k€149k▲
Suppliers440/4€127k€149k▲
Taxes, remuneration and social security45€26k€31k▲
Taxes450/3€15k€19k▲
Remuneration and social security454/9€11k€12k▲
Other amounts payable47/48€21k€2k▼
Income statement
Code20232024
Non-recurring operating income76A-€311
Remuneration, social security and pensions62€102k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€254k€294k▲
Operating profit (loss)9901€138k€135k▼
Financial income75/76B€984€1k▲
Recurring financial income75€984€1k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€135k€130k▼
Income taxes67/77€44k€42k▼
Profit (loss) for the period9904€91k€88k▼
Profit (loss) for the period to be appropriated9905€91k€88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€88k▼
Transfer to equity691/2€91k€88k▼
To other reserves6921€91k€88k▼
Social balance
Average headcount (FTE)90872.22.9▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
2023
31-12
Financial
Equity above €500kEq €512k ▲21.7%
6 profitable years in a row build equity to €512k.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Highest result since 2018net €143k ▲24.5%
Operating result €209k, net result €143k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Equity above €200kEq €233k ▲24.1%
2 profitable years in a row build equity to €233k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
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, Ternat · 1 establishment unit since 1993
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.
Assesteenweg 701740 TernatGround area
2,232 m²
Building footprint
1,133 m²
Volume, LiDAR
6,152 m³
Parcel 23086A0648/00P000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Assesteenweg 70, 1740 Ternat
since 19932.060.281.087
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0648/00P000 | Flanders | 2,232 m² | 1 · 1,133 m² | 7.2 m · 2 fl. |
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.
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Of 325 companies in sector 22110 we hold annual accounts for 204. 130 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-1992
Fiscal year end31-12
Activities, NACEBEL
22110Manufacture of rubber and plastic products
25120
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.