VUNDELINCKX
ActiveVUNDELINCKX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €178k and a net result of €-14k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 28% of 1632 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▲+15
Solvency50▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.41 in 2023; short-term debt: 22.4% and cash: 13.1% of total assets), and 74.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.5%
Return on assets
-2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-14k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
12 d early
2022
27 d early
2021
24 d early
2020
25 d early
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€178k▼ 7.2%
2023 · €192k
2018: €181k
2019: €181k
2020: €196k
2021: €221k
2022: €229k
2023: €192k
2018 → 2024
Total assets
€699k▼ 6.1%
2023 · €744k
2018: €382k
2019: €363k
2020: €356k
2021: €378k
2022: €438k
2023: €744k
2018 → 2024
Net result
€-14k▲ 63.5%
2023 · €-38k
2018: €865
2019: €-360
2020: €15k
2021: €27k
2022: €9k
2023: €-38k
2018 → 2024
Working capital
€43k▼ 38.9%
2023 · €70k
2018: €129k
2019: €129k
2020: €143k
2021: €165k
2022: €176k
2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€196k-€221k▲ 12.7%€229k▲ 3.9%€192k▼ 16.4%€178k▼ 7.2%
Operating result€20k-€39k▲ 94.4%€19k▼ 51.3%€-20k€4k
Net result€15k-€27k▲ 80.2%€9k▼ 68.4%€-38k€-14k▲ 63.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €699k
Fixed assets
€500k▼ 1.3%
Current assets
€199k▼ 16.2%
Equity and liabilities €699k
Equity
€178k▼ 7.2%
Debt
€521k▼ 5.7%
The debt ratio rises from 74.2% to 74.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▲
2023 · €13k
Cash flow
€22k▲
2023 · €-5k
Solvency
25.5%▼
2023 · 25.8%
Current ratio
1.27▼
2023 · 1.41
Quick ratio
0.68▼
2023 · 0.75
Debt / equity
2.93▲
2023 · 2.88
ROE
-7.7%▲
2023 · -19.6%
ROA
-2.0%▲
2023 · -5.0%
Interest coverage
2.06▲
2023 · 0.63
Debt
€521k▼
2023 · €552k
Debt ≤ 1 year
€157k▼
2023 · €168k
Debt > 1 year
€362k▼
2023 · €382k
Income taxes
€307▲
2023 · €296
Staff costs
€8k▲
2023 · €7k
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€744k€699k▼
Fixed assets21/28€506k€500k▼
Tangible fixed assets22/27€506k€500k▼
Land and buildings22€491k€482k▼
Plant, machinery and equipment23€3k€12k▲
Furniture and vehicles24€10k€3k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€60€60=
Current assets29/58€238k€199k▼
Stocks and contracts in progress3€112k€93k▼
Stocks30/36€112k€93k▼
Amounts receivable within one year40/41€11k€15k▲
Trade receivables40€11k€12k▲
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€112k€91k▼
Deferred charges and accrued income490/1€3k€306▼
Equity and liabilities
Total equity and liabilities10/49€744k€699k▼
Equity10/15€192k€178k▼
Contributions10/11€115k€115k=
Reserves13€77k€69k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€77k€69k▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€552k€521k▼
Amounts payable after more than one year17€382k€362k▼
Financial debts170/4€382k€362k▼
Amounts payable within one year42/48€168k€157k▼
Current portion of amounts payable after more than one year42€24k€20k▼
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€126k€123k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€7k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Other operating charges640/8€61k€6k▼
Gross operating margin9900€80k€54k▼
Operating profit (loss)9901€-20k€4k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€20k€19k▼
Recurring financial charges65€20k€19k▼
Profit (loss) for the period before taxes9903€-37k€-13k▲
Income taxes67/77€296€307▲
Profit (loss) for the period9904€-38k€-14k▲
Profit (loss) for the period to be appropriated9905€-38k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-14k▲
Transfer from equity791/2€38k€7k▼
Transfer to equity691/2€0-
To other reserves6921€0-
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 · micro schema · 56 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-38k ▼534%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €27k ▲80.2%
Operating result €39k, net result €27k, both a record.
31-12
Financial
Equity above €200kEq €221k ▲12.7%
2 profitable years in a row build equity to €221k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herzele · 1 establishment unit since 2007
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.
Gentweg 45/A9550 HerzeleGround area
3,004 m²
Building footprint
373 m²
Volume, LiDAR
1,718 m³
Parcel 41062D0124/00K000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VUNDELINCKX
since 20072.166.644.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41062D0124/00K000 | Flanders | 3,003 m² | 1 · 373 m² | 8.6 m · 1 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.
Similar companies · same sector, comparable size
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BE 0445.322.842
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SJER
BE 1003.912.089
Voeren · Eq €178k
De Kok - Didden
BE 0760.571.357
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Sedomi
BE 0800.826.753
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Etablissements Molinvaux
BE 0803.445.060
Villers-le-Bouillet · Eq €178k
Of 3,714 companies in sector 33120 we hold annual accounts for 1,341. 1,125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2007
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
47525Retail trade
68121Development of residential building projects
46610Wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.