VULKAN
ActiveSummary
VULKAN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €1k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 95% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 68.93; short-term debt: 1.5% and cash: 0.1% of total assets), and 1.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.5%
Return on assets
3.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
1 d early
2022
1 d early
2021
22 d late
2020
5 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▲ 3.2%
2024 · €43k
2019: €65k
2020: €66k▲ +1.1% vs 2019highest in 7 years
2021: €41k▼ -36.7% vs 2020lowest in 7 years
2022: €42k▲ +0.9% vs 2021
2023: €43k▲ +2.4% vs 2022
2024: €43k▲ +1.2% vs 2023
2025: €45k▲ +3.2% vs 2024
2019 → 2025
Total assets
€45k▲ 4.4%
2024 · €43k
2019: €92khighest in 7 years
2020: €66k▼ -28.0% vs 2019
2021: €53k▼ -19.1% vs 2020
2022: €43k▼ -18.9% vs 2021lowest in 7 years
2023: €43k▲ +0.2% vs 2022
2024: €43k▲ +0.3% vs 2023
2025: €45k▲ +4.4% vs 2024
2019 → 2025
Net result
€1k▲ 167%
2024 · €524
2019: €4khighest in 7 years
2020: €684▼ -81.9% vs 2019
2021: €-24k▼ -3615% vs 2020lowest in 7 years
2022: €354▲ +101% vs 2021
2023: €993▲ +181% vs 2022
2024: €524▼ -47.3% vs 2023
2025: €1k▲ +167% vs 2024
2019 → 2025
Working capital
€45k▲ 3.2%
2024 · €43k
2019: €54k
2020: €58k▲ +8.3% vs 2019highest in 7 years
2021: €38k▼ -35.0% vs 2020lowest in 7 years
2022: €42k▲ +10.8% vs 2021
2023: €43k▲ +2.4% vs 2022
2024: €43k▲ +1.2% vs 2023
2025: €45k▲ +3.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€42k▲ 0.9%€43k▲ 2.4%€43k▲ 1.2%€45k▲ 3.2%
2021: €41klowest in 5 years
2022: €42k▲ +0.9% vs 2021
2023: €43k▲ +2.4% vs 2022
2024: €43k▲ +1.2% vs 2023
2025: €45k▲ +3.2% vs 2024highest in 5 years
Operating result€-24k-€535€217▼ 59.3%€598▲ 175%€1k▲ 76.9%
2021: €-24klowest in 5 years
2022: €535▲ +102% vs 2021
2023: €217▼ -59.3% vs 2022
2024: €598▲ +175% vs 2023
2025: €1k▲ +76.9% vs 2024highest in 5 years
Net result€-24k-€354€993▲ 181%€524▼ 47.3%€1k▲ 167%
2021: €-24klowest in 5 years
2022: €354▲ +101% vs 2021
2023: €993▲ +181% vs 2022
2024: €524▼ -47.3% vs 2023
2025: €1k▲ +167% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €45k
Equity
€45k ▲ 3.2%
Debt
€658 ▲ 391%
Debt's share of the balance-sheet total rises from 0.3% to 1.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
68.93
Debt to equity
0.01▲
2024 · 0.00
ROE
3.1%▲
2024 · 1.2%
ROA
3.1%▲
2024 · 1.2%
Debt ≤ 1 year
€658▲
2024 · €134
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€45k▲
Current assets29/58€43k€45k▲
Amounts receivable within one year40/41€42k€45k▲
Trade receivables40€33k€35k▲
Other amounts receivable41€10k€10k▲
Cash at bank and in hand54/58€820€61▼
Deferred charges and accrued income490/1€502€598▲
Equity and liabilities
Total equity and liabilities10/49€43k€45k▲
Equity10/15€43k€45k▲
Contributions10/11€50k€50k=
Reserves13€4k€4k=
Non-distributable reserves130/1€752€752=
Reserves not available under the articles1311€752€752=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-11k€-10k▲
Amounts payable17/49€134€658▲
Amounts payable within one year42/48€134€658▲
Trade debts44€0€524▲
Suppliers440/4€0€524▲
Other amounts payable47/48€134€134=
Income statement
Code20242025
Other operating charges640/8€571€574▲
Gross operating margin9900€1k€2k▲
Operating profit (loss)9901€598€1k▲
Financial income75/76B€502€598▲
Recurring financial income75€502€598▲
Financial charges65/66B€577€255▼
Recurring financial charges65€577€255▼
Profit (loss) for the period before taxes9903€524€1k▲
Profit (loss) for the period9904€524€1k▲
Profit (loss) for the period to be appropriated9905€524€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-10k▲
Profit (loss) brought forward from the previous period14P€-12k€-11k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €0 | - | - | - |
| Other operating charges640/8 | - | €535 | €410 | €571 | €574 | ▲ 0.5% |
| Gross operating margin9900 | €-19k | €5k | €627 | €1k | €2k | ▲ 39.6% |
| Operating profit (loss)9901 | €-24k | €535 | €217 | €598 | €1k | ▲ 76.9% |
| Financial income75/76B | - | €3 | €929 | €502 | €598 | ▲ 19.0% |
| Recurring financial income75 | €0 | €3 | €929 | €502 | €598 | ▲ 19.0% |
| Financial charges65/66B | - | €184 | €153 | €577 | €255 | ▼ 55.7% |
| Recurring financial charges65 | €244 | €184 | €153 | €577 | €255 | ▼ 55.7% |
| Profit (loss) for the period before taxes9903 | €-24k | €354 | €993 | €524 | €1k | ▲ 167% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-24k | €354 | €993 | €524 | €1k | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €354 | €993 | €524 | €1k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €43k | €43k | €43k | €45k | ▲ 4.4% |
| Fixed assets21/28 | €4k | €0 | - | - | - | - |
| Intangible fixed assets21 | €4k | €0 | - | - | - | - |
| Current assets29/58 | €50k | €43k | €43k | €43k | €45k | ▲ 4.4% |
| Amounts receivable within one year40/41 | €47k | €36k | €42k | €42k | €45k | ▲ 6.1% |
| Trade receivables40 | - | €35k | €33k | €33k | €35k | ▲ 7.3% |
| Other amounts receivable41 | - | €814 | €10k | €10k | €10k | ▲ 2.0% |
| Cash at bank and in hand54/58 | €3k | €7k | €581 | €820 | €61 | ▼ 92.6% |
| Deferred charges and accrued income490/1 | - | - | €492 | €502 | €598 | ▲ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €43k | €43k | €43k | €45k | ▲ 4.4% |
| Equity10/15 | €41k | €42k | €43k | €43k | €45k | ▲ 3.2% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €752 | €752 | €752 | €752 | = |
| Reserves not available under the articles1311 | - | €752 | €752 | €752 | €752 | = |
| Distributable reserves133 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-13k | €-13k | €-12k | €-11k | €-10k | ▲ 12.7% |
| Amounts payable17/49 | €12k | €1k | €537 | €134 | €658 | ▲ 391% |
| Amounts payable within one year42/48 | €12k | €1k | €537 | €134 | €658 | ▲ 391% |
| Trade debts44 | €12k | €1k | €403 | €0 | €524 | - |
| Suppliers440/4 | - | €1k | €403 | €0 | €524 | - |
| Other amounts payable47/48 | - | €148 | €134 | €134 | €134 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €354 | €993 | €524 | €1k | ▲ 167% |
| + Depreciation and write-downs630 | €4k | €4k | €0 | - | - | - |
| Operating cash flow (approximation) | €-20k | €4k | €993 | €524 | €1k | ▲ 167% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €4k | €-7k | €240 | €-760 | ▼ 417% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 324.02
Current ratio from 80.66 to 324.02; short-term debt falls from €537 to €134.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 80.66
Current ratio from 29.78 to 80.66; short-term debt falls from €1k to €537.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €354
Net result €354 after one loss-making year.
30-06
Financial
Liquidity times 7current ratio 29.78
Current ratio from 4.17 to 29.78; short-term debt falls from €12k to €1k.
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-06
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Liquidity times 42current ratio 125.99
Current ratio from 3.00 to 125.99; short-term debt falls from €27k to €464.
Show earlier events
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Hasselt · 1 establishment unit since 2009
Ground area
908 m²
Building footprint
10 m²
Volume, LiDAR
49 m³
Parcel 71323C0610/00P000, Flanders · tallest building 15.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VULKAN
since 20092.183.536.415
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0610/00P000 | Flanders | 908 m² | 1 · 10 m² | 15.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,392 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-11-2009
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25510Coating of metals
43320Joinery installation
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.