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VUURVAST

Active
Public limited companyfounded 1980active for 46 yearsDennenlaan 15, 3271 Scherpenheuvel-Zichem, BelgiumKBO/BCE: BE 0420.027.321

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 28-05-2026 PDF all 46 filings

Turnover
≈ €4.7m
Estimated: probably between €3.2m and €7.7m
Total assets
€7.4m▼ 11.2%
2024 · €8.4m
Net result
€239,925▲ 83.8%
2024 · €130,569
Working capital
€598,155▼ 23.8%
2024 · €785,017
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 25% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Operating result€0.4m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.3m--€0.3m€0.2m€0.1m▼ 30.0%€0.3m▲ 111%€0.4m▲ 12.5%€0.3m▼ 8.2%€0.4m▲ 25.1%
Net result€0.07m--€0.4m-€1.6mbelow the sector's middle half▼ 310%€0.03mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 600%€0.2mwithin the sector's middle half▲ 4.3%€0.1mwithin the sector's middle half▼ 41.4%€0.2mabove the sector's middle half▲ 83.8%
Equity€2.7m-€2.3m▼ 14.9%€0.6mwithin the sector's middle half▼ 72.0%€0.7mwithin the sector's middle half▲ 4.8%€0.9mwithin the sector's middle half▲ 31.8%€1.0mwithin the sector's middle half▲ 11.6%€4.1mabove the sector's middle half▲ 315%€4.2mabove the sector's middle half▲ 2.9%
Total assets€6.3m-€5.0m▼ 20.7%€4.4mabove the sector's middle half▼ 12.2%€4.0mabove the sector's middle half▼ 9.6%€5.0mabove the sector's middle half▲ 26.1%€5.1mabove the sector's middle half▲ 2.4%€8.4mabove the sector's middle half▲ 63.6%€7.4mabove the sector's middle half▼ 11.2%
Debt€3.6m-€2.7m▼ 25.1%€3.7m▲ 38.8%€3.3m▼ 12.0%€4.1m▲ 24.9%€4.1m▲ 0.4%€4.3m▲ 3.2%€3.2m▼ 24.8%
Working capital€0.6m-€0.7m▲ 17.0%€1.1mabove the sector's middle half▲ 49.1%€0.8mwithin the sector's middle half▼ 27.7%€0.7mwithin the sector's middle half▼ 16.9%€0.6mwithin the sector's middle half▼ 12.5%€0.8mwithin the sector's middle half▲ 35.1%€0.6mwithin the sector's middle half▼ 23.8%
Solvency42.9%-46.0%▲ 3.1pp14.7%below the sector's middle half▼ 31.3pp17.0%below the sector's middle half▲ 2.3pp17.8%below the sector's middle half▲ 0.8pp19.3%below the sector's middle half▲ 1.6pp49.1%within the sector's middle half▲ 29.8pp56.9%within the sector's middle half▲ 7.8pp
Current ratio1.36-1.72▲ 0.361.62within the sector's middle half▼ 0.101.49within the sector's middle half▼ 0.131.24within the sector's middle half▼ 0.241.19below the sector's middle half▼ 0.051.24within the sector's middle half▲ 0.051.24within the sector's middle half=
Return on assets (ROA)1.1%--8.1%▼ 9.2pp-37.7%below the sector's middle half▼ 29.6pp0.8%below the sector's middle half▲ 38.5pp4.3%within the sector's middle half▲ 3.5pp4.4%within the sector's middle half▲ 0.1pp1.6%within the sector's middle half▼ 2.8pp3.2%within the sector's middle half▲ 1.7pp
Staff (FTE)27.1-28.8▲ 6.3%29.9above the sector's middle half▲ 3.8%30above the sector's middle half▲ 0.3%29.2above the sector's middle half▼ 2.7%28.8above the sector's middle half▼ 1.4%25.2above the sector's middle half▼ 12.5%24.3above the sector's middle half▼ 3.6%
above within below The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets €4.4m ▼ 0.2%
Current assets €3.1m ▼ 23.2%
Equity and liabilities €7.4m
Equity €4.2m ▲ 2.9%
Debt €3.2m ▼ 24.8%
Debt's share of the balance-sheet total falls from 50.9% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€671,905▲
2024 · €624,114
Cash flow
€503,666▲
2024 · €428,305
Quick ratio
0.92▼
2024 · 1.03
Debt to equity
0.76▼
2024 · 1.04
ROE
5.7%▲
2024 · 3.2%
Interest coverage
4.32▲
2024 · 3.82
Debt ≤ 1 year
€2.5m▼
2024 · €3.2m
Debt > 1 year
€725,750▼
2024 · €1.0m
Income taxes
€53,695▼
2024 · €75,729
Staff costs
€1.9m▼
2024 · €2.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as VUURVAST: manufacture of machinery and equipment not elsewhere classified (NACE 28210). They are comparable in size and age: total assets between €5.3m and €15m, founded between 1968 and 2007.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
VUURVAST Scherpenheuvel-Zichem1980€7.4m€4.2m€2.7m-€0.2m24.32025
O.M.C.T. Scherpenheuvel-Zichem1986€5.9m€3.1m€2.0m-€0.2m19.72026
JIDE Herve1990€5.3m€0.7m€2.2m-€0.1m21.32025
Belmeko Brugge1981€15.3m€6.6m€3.4m-€0.9m27.22025
PARTNER REFRACTORIES GUNITING Ciney2001€12.5m€0.5m€4.0m-€4.3m21.82025
WELLSTRALER Aalst2007€8.8m€7.9m€2.3m-€0.1m30.52025
FIB BELGIUM SA Tubize1968€10.7m€4.5m-€14.1m-€0.2m40.22025

They were chosen from the 37 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as VUURVAST has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VUURVAST itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,445 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 3.0% 3.1%
10 5.6% 6.2%

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 14,766 companies, not a prediction for VUURVAST. 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.

Subsidies and aid

Flemish government

2022 · 1 entry · €511 awarded · €511 paid
Schemes
1 entry · €511 · €511 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines

Source: Annual accounts 2025 (PDF), filed on 28-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€8.4m€7.4m▼
Fixed assets21/28€4.4m€4.4m▼
Tangible fixed assets22/27€4.4m€4.2m▼
Land and buildings22€3.8m€3.8m▼
Plant, machinery and equipment23€0.4m€0.4m▲
Furniture and vehicles24€0.09m€0.02m▼
Leasing and similar rights25€0.09m€0.05m▼
Financial fixed assets28€0.002m€0.1m▲
Current assets29/58€4.0m€3.1m▼
Stocks and contracts in progress3€0.7m€0.8m▲
Stocks30/36€0.4m€0.5m▲
Contracts in progress37€0.3m€0.3m▼
Amounts receivable within one year40/41€3.1m€2.2m▼
Trade receivables40€2.2m€1.5m▼
Other amounts receivable41€0.9m€0.7m▼
Cash at bank and in hand54/58€0.1m€0.05m▼
Deferred charges and accrued income490/1€0.03m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€8.4m€7.4m▼
Equity10/15€4.1m€4.2m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Revaluation surpluses12€3.0m€3.0m=
Reserves13€1.0m€1.1m▲
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Distributable reserves133€1.0m€1.1m▲
Amounts payable17/49€4.3m€3.2m▼
Amounts payable after more than one year17€1.0m€0.7m▼
Financial debts170/4€1.0m€0.7m▼
Amounts payable within one year42/48€3.2m€2.5m▼
Current portion of amounts payable after more than one year42€0.4m€0.3m▼
Financial debts43€1.8m€0.9m▼
Credit institutions430/8€1.8m€0.9m▼
Trade debts44€0.6m€0.8m▲
Suppliers440/4€0.6m€0.8m▲
Taxes, remuneration and social security45€0.4m€0.3m▼
Taxes450/3€0.2m€0.2m▼
Remuneration and social security454/9€0.2m€0.1m▼
Other amounts payable47/48-€0.1m
Income statement Code20242025
Non-recurring operating income76A€0.05m€0.06m▲
Remuneration, social security and pensions62€2.1m€1.9m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.001m€0.001m▲
Other operating charges640/8€0.07m€0.09m▲
Non-recurring operating charges66A€0.003m€0.006m▲
Gross operating margin9900€2.8m€2.7m▼
Operating profit (loss)9901€0.3m€0.4m▲
Financial income75/76B€0.04m€0.04m▼
Recurring financial income75€0.04m€0.04m▼
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Profit (loss) for the period before taxes9903€0.2m€0.3m▲
Income taxes67/77€0.08m€0.05m▼
Profit (loss) for the period9904€0.1m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Transfer to equity691/2€0.1m€0.1m▼
To other reserves6921€0.1m€0.1m▼
Profit to be distributed694/7-€0.1m
Directors or managers695-€0.1m
Social balance sheet
Average headcount (FTE)908725.224.3▼

The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0.1m€0.1m€0.1m€0.05m€0.06m▲ 26.9%
Remuneration, social security and pensions62---€2.0m€2.0m€2.2m€2.1m€1.9m▼ 7.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.4m€0.3m€0.2m€0.3m€0.3m€0.3m€0.3m▼ 11.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€0.001m€0.001m▲ 82.1%
Other operating charges640/8---€0.1m€0.09m€0.07m€0.07m€0.09m▲ 20.9%
Non-recurring operating charges66A---€0.004m--€0.003m€0.006m▲ 102%
Gross operating margin9900€2.7m€2.0m€2.2m€2.5m€2.6m€2.9m€2.8m€2.7m▼ 3.0%
Operating profit (loss)9901€0.3m-€0.3m€0.2m€0.1m€0.3m€0.4m€0.3m€0.4m▲ 25.1%
Financial income75/76B---€0.01m€0.03m€0.04m€0.04m€0.04m▼ 5.1%
Recurring financial income75€378€0.001m€0.004m€0.01m€0.03m€0.04m€0.04m€0.04m▼ 5.1%
Financial charges65/66B---€0.1m€0.1m€0.1m€0.2m€0.2m▼ 4.7%
Recurring financial charges65€0.2m€0.1m€0.1m€0.1m€0.1m€0.1m€0.2m€0.2m▼ 4.7%
Profit (loss) for the period before taxes9903€0.1m-€0.4m-€1.6m€0.06m€0.2m€0.3m€0.2m€0.3m▲ 42.3%
Income taxes67/77€0.03m€0.007m€0.002m€0.03m€0.03m€0.06m€0.08m€0.05m▼ 29.1%
Profit (loss) for the period9904€0.07m-€0.4m-€1.6m€0.03m€0.2m€0.2m€0.1m€0.2m▲ 83.8%
Transfer from tax-exempt reserves789---€0.04m-----
Profit (loss) for the period to be appropriated9905€0.07m-€0.4m-€1.6m€0.07m€0.2m€0.2m€0.1m€0.2m▲ 83.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.3m€5.0m€4.4m€4.0m€5.0m€5.1m€8.4m€7.4m▼ 11.2%
Fixed assets21/28€3.9m€3.2m€1.5m€1.5m€1.6m€1.5m€4.4m€4.4m▼ 0.2%
Tangible fixed assets22/27€1.6m€1.4m€1.5m€1.5m€1.6m€1.5m€4.4m€4.2m▼ 2.5%
Land and buildings22---€0.9m€0.9m€0.9m€3.8m€3.8m▼ 1.0%
Plant, machinery and equipment23---€0.5m€0.5m€0.5m€0.4m€0.4m▲ 12.6%
Furniture and vehicles24---€0.1m€0.2m€0.1m€0.09m€0.02m▼ 81.6%
Leasing and similar rights25------€0.09m€0.05m▼ 48.9%
Financial fixed assets28€2.3m€1.8m€0.004m€1€1€1€0.002m€0.1m▲ 51×
Current assets29/58€2.4m€1.8m€2.9m€2.4m€3.4m€3.7m€4.0m€3.1m▼ 23.2%
Stocks and contracts in progress3€0.2m€0.3m€0.8m€0.7m€0.5m€0.5m€0.7m€0.8m▲ 12.1%
Stocks30/36---€0.4m€0.4m€0.3m€0.4m€0.5m▲ 24.5%
Contracts in progress37---€0.2m€0.1m€0.2m€0.3m€0.3m▼ 4.2%
Amounts receivable within one year40/41€1.7m€1.0m€1.7m€1.7m€2.8m€3.1m€3.1m€2.2m▼ 30.3%
Trade receivables40---€1.2m€2.1m€2.3m€2.2m€1.5m▼ 31.8%
Other amounts receivable41---€0.6m€0.6m€0.8m€0.9m€0.7m▼ 26.6%
Cash at bank and in hand54/58€0.2m€0.002m€0.06m€0.03m€0.06m€0.01m€0.1m€0.05m▼ 67.9%
Deferred charges and accrued income490/1---€0.02m€0.05m€0.04m€0.03m€0.06m▲ 119%
Equity and liabilities
Total equity and liabilities10/49€6.3m€5.0m€4.4m€4.0m€5.0m€5.1m€8.4m€7.4m▼ 11.2%
Equity10/15€2.7m€2.3m€0.6m€0.7m€0.9m€1.0m€4.1m€4.2m▲ 2.9%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Revaluation surpluses12------€3.0m€3.0m=
Reserves13€2.6m€2.2m€0.5m€0.5m€0.8m€0.9m€1.0m€1.1m▲ 12.1%
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€0.5m€0.7m€0.9m€1.0m€1.1m▲ 12.2%
Amounts payable17/49€3.6m€2.7m€3.7m€3.3m€4.1m€4.1m€4.3m€3.2m▼ 24.8%
Amounts payable after more than one year17€1.8m€1.7m€2.0m€1.6m€1.4m€1.1m€1.0m€0.7m▼ 30.2%
Financial debts170/4---€1.6m€1.4m€1.1m€1.0m€0.7m▼ 30.2%
Amounts payable within one year42/48€1.8m€1.0m€1.8m€1.6m€2.7m€3.1m€3.2m€2.5m▼ 23.0%
Current portion of amounts payable after more than one year42---€0.4m€0.3m€0.4m€0.4m€0.3m▼ 16.0%
Financial debts43---€0.7m€1.2m€1.5m€1.8m€0.9m▼ 49.9%
Credit institutions430/8---€0.7m€1.2m€1.5m€1.8m€0.9m▼ 49.9%
Trade debts44€0.9m€0.3m€0.2m€0.4m€0.8m€0.7m€0.6m€0.8m▲ 34.1%
Suppliers440/4---€0.4m€0.8m€0.7m€0.6m€0.8m▲ 34.1%
Taxes, remuneration and social security45---€0.3m€0.3m€0.4m€0.4m€0.3m▼ 31.2%
Taxes450/3---€0.04m€0.08m€0.1m€0.2m€0.2m▼ 17.8%
Remuneration and social security454/9---€0.2m€0.3m€0.2m€0.2m€0.1m▼ 41.8%
Other amounts payable47/48---€0.004m€0.009m€0.1m-€0.1m-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.07m-€0.4m-€1.6m€0.03m€0.2m€0.2m€0.1m€0.2m▲ 83.8%
+ Depreciation and write-downs630€0.5m€0.4m€0.3m€0.2m€0.3m€0.3m€0.3m€0.3m▼ 11.4%
Operating cash flow (approximation)€0.6m-€0.02m-€1.4m€0.3m€0.5m€0.5m€0.4m€0.5m▲ 17.6%
Investment in fixed assets (approximation)-€0.3m€1.5m-€0.2m-€0.3m-€0.2m-€3.2m-€0.3m▲ 92.0%
Change in cash--€0.2m€0.06m-€0.03m€0.04m-€0.05m€0.1m-€0.1m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 46 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-05-2026 2026-00124052 PDF
31-12-2024 abbreviated format 27-06-2025 2025-00186527 PDF
31-12-2023 abbreviated format 27-06-2024 2024-00170383 PDF
31-12-2022 abbreviated format 29-06-2023 2023-00173094 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20110070 PDF
31-12-2020 abbreviated format 30-06-2021 2021-28500164 PDF
31-12-2019 abbreviated format 30-06-2020 2020-24600486 PDF
31-12-2018 abbreviated format 28-06-2019 2019-25900029 PDF
31-12-2017 abbreviated format 17-07-2018 2018-34300213 PDF
31-12-2016 abbreviated format 29-06-2017 2017-25100140 PDF

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