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VULKAN

Active Private limited company (pre-2019)founded 2009active for 16 yearsHeidestraat 7 D, 3500 HasseltKBO/BCE: BE 0821.019.480
VULKAN
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Overview

Lifetime

16 annual accounts with figures on one time axis
peak €125,383 (2017)
€2,842▲ 74.1%
lowest -€24,052 (2021)
€1,320▼ 5.7%
peak €65,508 (2020)
€46,047▲ 3.0%
€12,649▲ 19×
peak 1 FTE (2016)
-not published
Board2 names since 2009
2 directors and 1 other
Owners2 names in the annual accounts
  
Documentsfilings and deeds
29-10-202694 days before the deadline
2026micro format
Gross margin from €1,632 to €2,842Registered office moved from Genk to Hasselt 12-01Debts from €658 to €12,649Cash from €61 to €7,225

Key points

from the 2026 annual accounts

Equity

€46,047 ▲ 3.0%

VULKAN has made a profit without a break since 2022.

Turnover

≈ €19,000 estimated

The micro format states no turnover.

Investments

€10,684 7.4 × depreciation

Green is investment, beige is depreciation.

Liquidity

3.91 was 68.93 in 2025

Short-term debts rose from €658 to €12,649.

Filings

16 annual accounts since 2011
deadline201520202025

Two of the last ten came late. The 2021 accounts came latest: 22 days after the end of the period.

Position in the sector

78.5%

Higher solvency than 81% of companies in fabricated metal products. Sector median 55.5% · 85 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 10,902 companies had the same profile as VULKAN has now. Each dot stands for 28 companies, two years later.

95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 10,902 companies, not a prediction for VULKAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 26-11-2009
Director, since 26-11-2009
  • 50%annual accounts 30-06-2018
  • 50%annual accounts 30-06-2018
Board & ownership

Recent changes

Registered office moved from Genk to Hasselt New registered office: Heidestraat 7D, unit 4 te 3500 Hasselt · Previous registered office: Jan Latoslaan 7 te 3600 Genk · Board meeting of 17-12-2025 · Gazette deed
Incorporation published on 10-12-2009 · Gazette deed
First establishment Heidestraat 7D/unit 5, Hasselt
All 26 events

Comparable companies

same main activity, similar in size and age
Company
VULKAN Hasselt €58,696 €2,842 78.5% -
EcoThermo Leopoldsburg €80,026 €4,081 56.1% -
ECOMINDED Oudsbergen €82,356 €4,492 74.4% -
MERICONSTRUCT Zedelgem €44,303 €2,136 16.3% -
Eddy Verheijen Lille €65,601 €5,152 -5.4% -
NIGI Sint-Truiden €45,813 €6,335 -93.2% -
EECKHOUT CONSTRUCT Schilde €45,336 €4,570 49.2% -

These companies have the same main activity as VULKAN: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €44,300 and €82,400, founded between 2005 and 2011.

Official details

Source: KBO
Status
Active since 26-11-2009Normal situation
Activity
Manufacture of metal structures and parts of structuresNACE 25110and 6 others
Establishment unit
2.183.536.4153500 Hasselt, since 26-11-2009
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2026

€2,842▲ 74.1%
€1,320▼ 5.7%
€46,047▲ 3.0%
€58,696▲ 29.3%
Filing
Filed on 29-10-2026, 94 days before the end of the filing period
Financials

Insights on VULKAN

VULKAN files the micro format. That format states no turnover. The gross margin rose from -€2,194 in 2011 to €2,842 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 29-10-2026, 94 days before the deadline
€2,842
▲ 74.1%
€936
▼ 11.5%
€1,320
▼ 5.7%
€36,808
▼ 17.7%
78.5%
▼ 20.1 percentage points
3.91
▼ 65.02

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €19,000. Estimated: probably between €8,100 and €38,000.

Balance sheet

balance sheet total €58,696 on 30-06-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

78.5%

Higher than 95% of 2,515 companies in 2025.

3.91

Higher than 95% of 2,473 companies in 2025.

2.2%

Higher than 39% of 2,494 companies in 2025.

VULKAN Middle half of the sector 80% of the sector Micro accounts in fabricated metal products (NACE 25)

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2026202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 58,69645,38543,46043,34043,26353,34865,97291,631121,940145,248170,133109,959129,491130,322131,803133,661
21/28 9,239---03,7297,49011,25015,00018,75022,50026,250----
21 ----03,7297,49011,25015,00018,75022,50026,250----
22/27 9,239---------------
24 9,239---------------
29/58 49,45645,38543,46043,34043,26349,61958,48280,381106,940126,498147,63383,709129,491130,322131,803133,661
3 ----------77,01877,018129,350129,350129,350129,350
30/36 ----------77,01877,018129,350129,350129,350129,350
40/41 42,23244,72742,13842,26736,10046,82638,81138,16054,509119,01769,2576,239140605400123
40 42,23235,01732,62132,54935,28634,94237,89338,05036,889119,01769,2576,239----
41 09,7109,5169,71981411,88391811017,619---140605400123
54/58 7,225618205817,1632,79319,67241,43350,9056,75347545213662,0534,188
490/1 0598502492--07881,526727882-----
Balance sheet: equity and liabilities
10/49 58,69645,38543,46043,34043,26353,34865,97291,631121,940145,248170,133109,959129,491130,322131,803133,661
10/15 46,04744,72743,32642,80341,81041,45665,50864,82461,04556,88155,05731,97241,85443,45844,93946,674
10/11 50,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,000
100 -------50,00050,00050,00050,00050,000100,000100,000100,000100,000
101 ------------50,00050,00050,00050,000
13 4,3414,3414,3414,3414,3414,3414,3414,341563353253-----
130/1 752752752752752752752---------
130 -------752563353253-----
1311 752752752752752752752---------
133 3,5893,5893,5893,5893,5893,5893,5893,589--------
14 -8,294-9,614-11,015-11,539-12,532-12,88511,16710,48210,4826,5284,804-18,028-8,146-6,542-5,061-3,326
17/49 12,6496581345371,45311,89246426,80760,89488,367115,07677,98687,63786,86486,86486,987
42/48 12,6496581345371,45311,89246426,80760,89488,367115,07677,98687,63786,86486,86486,987
44 5,92852404031,30511,8631595,30710,1544,34056,65534,47663,66963,66963,66963,792
440/4 5,92852404031,30511,8631595,30710,1544,34056,65534,47663,66963,66963,66963,792
45 -----02941,7232,3416,4995,4172,029----
450/3 -----02941,7232,3414,7151,915568----
454/9 ---------1,7843,5021,461----
47/48 6,721134134134148291119,77648,39977,52853,00441,48123,96823,19523,19523,195
Income statement
9900 2,8421,6321,1706274,799-19,3394,9499,01221,845125,38372,618-4,144-1,090-977-1,247-2,194
62 ----0288--12,69941,62044,4241,496----
630 1,444--03,7293,7603,7603,7503,7503,7503,7503,750----
631/4 --------15977,018------
640/8 462574571410535421744104184215974104104104101,043
66A ----------661-----
9901 9361,058598217535-23,8081,1154,8534,8192,57323,847-9,799-1,499-1,386-1,657-3,237
75/76B 7105985029293037881,53604---26
75 7105985029293037881,53604---26
65/66B 32525557715318424413913912974910683104958095
65 32525557715318424413913912914110683104958095
66B ---------608------
9903 1,3201,401524993354-24,0529785,5026,2261,82523,084-9,882-1,603-1,481-1,735-3,326
67/77 -----02941,7232,063---1---
9904 1,3201,401524993354-24,0526843,7784,1641,82523,084-9,882-1,604-1,481-1,735-3,326
9905 1,3201,401524993354-24,0526843,7784,1641,82523,084-9,882-1,604-1,481-1,735-3,326
Appropriation of the result
9906 -8,294-9,614-11,015-11,539-12,532-12,88511,16714,26110,6926,6285,057-18,028-8,146-6,542-5,061-3,326
14P -9,614-11,015-11,539-12,532-12,885-----------
691/2 ------03,778210100253-----
6920 ------0189210100253-----
6921 ------03,589--------
Social balance sheet
9087 --------0.3110.1----
Hours worked1013 --------4401,7301,772120----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 29-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2026 micro format 29-10-2026 2026-00598251 PDF
30-06-2025 micro format 29-01-2026 2026-00019785 PDF
30-06-2024 micro format 23-01-2025 2025-00009364 PDF
30-06-2023 micro format 30-01-2024 2024-00014913 PDF
30-06-2022 micro format 30-01-2023 2023-00016433 PDF
30-06-2021 micro format 22-02-2022 2022-06200404 PDF
30-06-2020 micro format 05-02-2021 2021-04900455 PDF
30-06-2019 micro format 10-01-2020 2020-00800363 PDF
30-06-2018 micro format 15-01-2019 2019-01600005 PDF
30-06-2017 micro format 29-01-2018 2018-03200348 PDF
30-06-2016 abbreviated format 19-12-2016 2016-70700381 PDF
30-06-2015 abbreviated format 18-01-2016 2016-01700214 PDF
30-06-2014 abbreviated format 23-12-2014 2014-70000511 PDF
30-06-2013 abbreviated format 10-12-2013 2013-67900523 PDF
30-06-2012 abbreviated format 15-01-2013 2013-00800571 PDF
30-06-2011 abbreviated format 14-02-2012 2012-03100249 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2026202520242023202220212020201920182017201620152014201320122011
2,380--2174,264-20,0484,8758,6038,5696,32327,597-6,049----
2,764--9934,083-20,2924,4457,5287,9145,57526,834-6,132----
10,684--0000000030,000----
7,164-760240-6,5824,369-16,878-21,761-9,47244,1526,27824451-365-1,686-2,135-
36,80844,72743,32642,80341,81037,72758,01853,57446,04538,13132,5575,72241,85443,45844,93946,674
78.5%98.5%99.7%98.8%96.6%77.7%99.3%70.7%50.1%39.2%32.4%29.1%32.3%33.3%34.1%34.9%
3.9168.93-80.6629.784.17-3.001.761.431.281.071.481.501.521.54
3.9168.93-80.6629.784.17-3.001.761.430.610.090.000.010.030.05
0.270.010.000.010.030.290.010.411.001.552.092.442.092.001.931.86
2.9%3.1%1.2%2.3%0.8%-58.0%1.0%5.8%6.8%3.2%41.9%-30.9%-3.8%-3.4%-3.9%-7.1%
2.2%3.1%1.2%2.3%0.8%-45.1%1.0%4.1%3.4%1.3%13.6%-9.0%-1.2%-1.1%-1.3%-2.5%
7.31--1.4223.19-----------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202630-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€10,684----
€1,444--€0€3,729

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on VULKAN

The operating result for 2026 is 12% lower than in 2025.

Debt's share of the balance-sheet total rises from 1.5% to 21.5%. Equity and debt are higher.

Board & ownership

Board

2 directors
Director
since 26-11-2009
listed in the 2026 annual accounts, filed on 29-10-2026
Director
since 26-11-2009
listed in the 2026 annual accounts, filed on 29-10-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director

Director
Board
Mandates as a list
    • Director, from 26-11-2009 to date
    • Director, from 26-11-2009 to date

See the board, name and registered office on a given date →

Control

Shareholder
50%
This company
VULKAN
Equity €46,047
Profit €1,320 in 2026

and 1 other shareholder

Capital

Contribution
€50,000
Source
2026 annual accounts

Shareholders

2 owners

Owners 2

Network & group

No group

VULKAN has no parent and no holdings in its annual accounts.

Connections & network

2 current directors
Depth

The network starts from the directors of VULKAN. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

26 events since 2009

Deadline for the 2027 accounts: 31-01-2028

2026
Annual accounts 2026 filed NBBmicro format · 94 days before the deadline
Annual accounts 2025 filed PDFmicro format · 2 days before the deadline
Registered office moved from Genk to HasseltNew registered office: Heidestraat 7D, unit 4 te 3500 Hasselt · Previous registered office: Jan Latoslaan 7 te 3600 Genk · Board meeting of 17-12-20254 points ▸
  • Board meeting, 17-12-2025
  • Registered-office move, Heidestraat 7D, unit 4 te 3500 Hasselt
  • Board composition, (director)
  • Board composition, (director)

Open the deed in the Belgian Official Gazette

2025
Annual accounts 2024 filed PDFmicro format · 8 days before the deadline
2024
Liquidity quadruples current ratio 324.02 The current ratio rises from 80.66 to 324.02. Short-term debt falls from €537 to €134.
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Liquidity more than doubled current ratio 80.66 The current ratio rises from 29.78 to 80.66. Short-term debt falls from €1,453 to €537.
Annual accounts 2022 filed PDFmicro format · 1 day before the deadline
2022
Back to profit net €354 The net result is €354, after one loss-making year.
Liquidity more than 7 times current ratio 29.78 The current ratio rises from 4.17 to 29.78. Short-term debt falls from €11,892 to €1,453.
Annual accounts 2021 filed PDFmicro format · 22 days late
2021
Weakest financial year net -€24,052 The net result drops to -€24,052, the lowest from 2011 to 2026. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 5 days late
2020
Liquidity times 42 current ratio 125.99 The current ratio rises from 3.00 to 125.99. Short-term debt falls from €26,807 to €464.
Annual accounts 2019 filed PDFmicro format · 21 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 16 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 2 days before the deadline
2016
Annual accounts 2016 filed PDFabbreviated format · 43 days before the deadline
Back to profit net €23,084 The net result is €23,084, after 5 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 13 days before the deadline
2014
Annual accounts 2014 filed PDFabbreviated format · 39 days before the deadline
2013
Annual accounts 2013 filed PDFabbreviated format · 52 days before the deadline
Annual accounts 2012 filed PDFabbreviated format · 16 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 14 days late
2009
Incorporation PDFpublished on 10-12-2009
First establishment Heidestraat 7D/unit 5, Hasselt

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VULKAN was incorporated on 26 November 2009.1 The registered office was moved to Hasselt in 2026.2 Total assets fell from €91,631 in 2019 to €58,696 in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-01-2026
  3. 3National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0821.019.480
VAT number
BE 0821.019.480
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
26-11-2009
Financial year
ends on 30 June
Peppol
Not found in the Peppol Directory
Name
VULKAN in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
25110 Manufacture of metal structures and parts of structures main activity
25510 Coating of metals
43320 Joinery installation
68110 Buying and selling of own real estate
68201 Renting and operating of own or leased residential real estate, excluding social housing
68203 Renting and operating of own or leased non-residential real estate, excluding land
81220 Other building cleaning and industrial cleaning
Codes under NACEBEL 2008
25110 Manufacture of metal structures and parts of structures main activity
25610 Manufacture of fabricated metal products, except machinery and equipment
43320 Joinery installation
43992 Specialised construction activities
68100 Real estate activities
68201 Real estate activities
68203 Real estate rental

Registered office and establishments

1 establishment
Establishment Since Unit number
Heidestraat 7 D registered office 3500 Hasselt
Heidestraat 7D/unit 5 3500 Hasselt 20300 Manufacture of chemicals and chemical products 26-11-2009 2.183.536.415
1 former office
  • Jan Latoslaan 7, 3600 Genk until 01-01-2026 · deed of 12-01-2026

Location

registered office establishment approximate The establishment unit on the map

Invoicing and payment

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Register as of 11 November 2026 · Peppol Directory

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