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VYCOM

Active Private limited companyfounded 2020active for 6 yearsTerwarentstraat 12, 9451 HaaltertKBO/BCE: BE 0745.701.455
VYCOM
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €324,120 (2021)
€27,209▲ 4.9%
peak €175,403 (2021)
€16,843▲ 26.1%
peak €342,544 (2022)
€32,698▲ 106%
€26,360▼ 30.9%
peak 0.6 FTE (2020)
-not published
Board1 name since 2020
1 directorWesley Vyverman
Documentsfilings and deeds
05-03-202656 days before the deadline
2025micro format
Result from €13,355 to €16,843Registered office moved from Aalst to Kerksken 26-09Equity from €15,855 to €32,698Debts from €38,165 to €26,360

Key points

from the 2025 annual accounts

Equity

€32,698 from €342,544 in 2022

Equity fell by 90% in 3 years.

Turnover

≈ €110,000 estimated

The micro format states no turnover.

Liquidity

1.87 was 1.04 in 2024

Short-term debts fell from €38,165 to €26,360.

Checked score

89
Excellent
Financially stronger than 83% of micro companies in furniture (NACE 31)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 830 companies (NACE 31, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.3 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 1.0%▲ +0.5 percentage points vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 0.9%▼ -0.1 percentage points vs 11-2025 01-2026: 1.0%▲ +0.1 percentage points vs 12-2025 02-2026: 1.2%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 0.4%▼ -0.8 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.3%▼ -0.1 percentage points vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

80+26equity 55.4% of total assets
78+16short-term debt 44.6% · cash 64.1%
100=return on assets 28.5%

Score breakdown

raises risk
1 change of registered office in 24 months
Founded in 2020
lowers risk
Liquidity: current ratio 1.87, cash €37,857
Figures for financial year 2025 (filed on 06-03-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 65% of them on solvency, 79% on liquidity, 95% on profitability and 94% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as VYCOM has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

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

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

Test of the method

The method was tested on the 497,447 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 26,972 companies, not a prediction for VYCOM. 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 of up to €2,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.87 (1.04 in 2024), above the usual 1.5. Short-term debt is 44.6% and cash 64.1% of total assets. 44.6% of the assets are financed with debt and provisions.

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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.87, cash €37,857
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 06-03-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
56 days early
2024
58 days early
2023
4 days early
2022
38 days early
2021
3 days early
2020
4 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 26 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 23 March (5 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

WV
Wesley Vyverman
Director, since 30-03-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0745701455
Registered office moved from Aalst to Kerksken New registered office: Terwarentstraat 12, 9451 Kerksken (Haaltert) · Previous registered office: Plataanlaan 32, 9320 Aalst · Board meeting of 29-08-2025 · Gazette deed
Incorporation published on 01-04-2020 · Gazette deed
First establishment Terwarentstraat 12, Haaltert
All 14 events

Comparable companies

same main activity, similar in size and age
Company
VYCOM Haaltert €59,058 €27,209 55.4% -
ALUBRAND Kortrijk €54,503 €28,901 81.7% -
Project Vijf Private Diksmuide €37,834 €23,722 66.6% -
PUMM Sint-Niklaas €104,464 €41,625 50.7% -
Malot Mario Ghent €99,500 €14,814 34.7% -
SR Design Wichelen €63,334 €16,069 9.8% -
AKSOY SEFA Genk €90,906 €35,609 86.4% -

These companies have the same main activity as VYCOM: manufacture of furniture (NACE 31001). They are comparable in size and age: total assets between €37,800 and €104,000, founded between 2017 and 2022.

Official details

Source: KBO
Status
Active since 30-03-2020Normal situation
Activity
Manufacture of furnitureNACE 31001and 5 others
Establishment unit
2.300.893.1519451 Haaltert, since 30-03-2020
Financial year end
30 September
Peppol
Reachable since 06-12-2025
Company details

Annual accounts to 30-09-2025

€27,209▲ 4.9%
€16,843▲ 26.1%
€32,698▲ 106%
€59,058▲ 9.3%
Filing
Filed on 05-03-2026, 56 days before the end of the filing period
Financials

Insights on VYCOM

VYCOM files the micro format. That format states no turnover. The gross margin fell from €120,588 in 2020 to €27,209 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 05-03-2026, 56 days before the deadline
€27,209
▲ 4.9%
€20,632
▲ 23.5%
€16,843
▲ 26.1%
€23,034
▲ 16×
55.4%
▲ 26.0 percentage points
1.87
▲ 0.84

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 ≈ €110,000. Estimated: probably between €66,000 and €200,000.

Balance sheet

balance sheet total €59,058 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

55.4%

Higher than 63% of 503 companies in 2025.

1.87

Higher than 55% of 487 companies in 2025.

28.5%

Higher than 90% of 489 companies in 2025.

VYCOM Middle half of the sector 80% of the sector Micro accounts in furniture (NACE 31)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Staff

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

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 59,05854,020117,873379,304288,263153,826
21/28 9,66414,42919,31916,00965,84954,863
22/27 8,76413,52918,41915,10964,94953,963
23 8,76411,91412,5813,6677,0635,072
24 01,6155,83811,44257,88648,891
28 900900900900900900
29/58 49,39439,59198,555363,294222,41498,963
29 --4,5884,694--
291 --4,5884,694--
40/41 11,5369,33430,40540,13110,50239,980
40 685-20,05334,7523,49927,323
41 10,8529,33410,3525,3787,00312,657
54/58 37,85730,25763,561316,649210,41657,650
490/1 ---1,8211,4971,333
Balance sheet: equity and liabilities
10/49 59,05854,020117,873379,304288,263153,826
10/15 32,69815,85587,964342,544240,48465,081
10/11 2,5002,5002,5002,5002,5002,500
13 30,19813,35585,464340,044237,98462,581
133 30,19813,35585,464340,044237,98462,581
17/49 26,36038,16529,90936,76047,77988,746
17 ---10,82824,40452,251
170/4 ---10,82824,40452,251
42/48 26,36038,16529,90925,93222,59736,495
42 --10,82813,57613,40818,547
44 5,4883,6414,08110,9467,86311,405
440/4 5,4883,6414,08110,9467,86311,405
46 20,872-15,000---
45 ---1,4101,1853,652
450/3 ---10201,116
454/9 ---1,4011,1662,536
47/48 034,524--1412,891
492/3 ----779-
Income statement
9900 27,20925,927127,655199,783324,120120,588
62 --9,62254,44476,91728,390
630 5,8608,5089,02814,50422,58115,320
640/8 717714528682580510
9901 20,63216,706108,477130,153224,04376,367
75/76B 766357134126243-
75 766357134126243-
65/66B 317362488600837671
65 317362488600837671
9903 21,08216,700108,123129,679223,44975,696
67/77 4,2393,34522,65927,61948,04613,116
9904 16,84313,35585,464102,060175,40362,581
9905 16,84313,35585,464102,060175,40362,581
Appropriation of the result
9906 16,84313,35585,464102,060175,40362,581
791/2 -85,464340,044---
691/2 16,84313,35585,464102,060175,40362,581
6921 16,84313,35585,464102,060175,40362,581
694/7 -85,464340,044---
694 -85,464340,044---
Social balance sheet
9087 --0.111.30.6
Hours worked1013 --2481,5922,448936
Document PDFPDFPDFPDFPDFPDF

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 filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 05-03-2026.

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
30-09-2025 micro format 05-03-2026 2026-00049286 PDF
30-09-2024 micro format 03-03-2025 2025-00043043 PDF
30-09-2023 micro format 26-04-2024 2024-00072937 PDF
30-09-2022 micro format 23-03-2023 2023-00044965 PDF
30-09-2021 micro format 27-04-2022 2022-20012201 PDF
30-09-2020 micro format 04-05-2021 2021-13200571 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
26,49225,214117,505144,656246,62391,688
22,70321,86394,492116,563197,98477,901
1,0953,61812,337-35,33648,80070,184
7,600-33,304-253,088106,233152,766-
23,0341,42668,646337,362199,81762,468
55.4%29.4%74.6%90.3%83.4%42.3%
1.871.043.3014.019.842.71
0.812.410.340.110.201.36
51.5%84.2%97.2%29.8%72.9%96.2%
28.5%24.7%72.5%26.9%60.8%40.7%
83.6869.59over 100over 100over 100-

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.

Social balance sheet

Item30-09-202330-09-202230-09-2021
Employees at the balance-sheet date-11
full-time-11
in full-time equivalents-11
0.111.3
On a permanent contract-11
Joined0-0
Left1-1

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets€1,095€3,618€12,337-€48,800
€5,860€8,508€9,028€14,504€22,581

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VYCOM

The operating result for 2025 is 24% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 70.6% to 44.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2025
Wesley Vyverman
Sole director
since 30-03-2020
listed in the 2025 annual accounts, filed on 05-03-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Wesley Vyverman
Sole director
Board
Mandates as a list
  • Wesley Vyverman
    • Sole director, from 30-03-2020 to date

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€2,500
Source
2025 annual accounts

Network & group

No group

VYCOM has no parent and no holdings in its annual accounts. Wesley Vyverman is the only director. VYCOM shares no director with another company.

Timeline

Timeline

14 events since 2020

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 56 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0745701455
Registered office moved from Aalst to KerkskenNew registered office: Terwarentstraat 12, 9451 Kerksken (Haaltert) · Previous registered office: Plataanlaan 32, 9320 Aalst · Board meeting of 29-08-20252 points ▸
  • Board meeting, 29-08-2025
  • Registered-office move, Terwarentstraat 12, 9451 Kerksken (Haaltert)

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFmicro format · 58 days before the deadline
2024
Weakest financial year net €13,355 ▼84.4% The net result drops to €13,355, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 4 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 38 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 3 days before the deadline
2021
Highest result from 2020 to 2025 net €175,403 ▲180% The operating result of €224,043 and the net result of €175,403 are both a record.
Liquidity more than triples current ratio 9.84 The current ratio rises from 2.71 to 9.84. Short-term debt falls from €36,495 to €22,597.
Equity above €200,000 equity €240,484 ▲270% With a profit in every financial year since 2020, equity grows to €240,484.
Annual accounts 2020 filed PDFmicro format · 4 days late
2020
Incorporation PDFpublished on 01-04-2020
First establishment Terwarentstraat 12, Haaltert

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

On 30 March 2020, VYCOM was incorporated as a private limited company.1 In 2025 the registered office moved to Kerksken.2 Total assets went from €153,826 in 2020 to €59,058 in 2025 and headcount from 0.6 full-time equivalents in 2020 to 0.1 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-09-2025
  3. 3National Bank, annual accounts 2020, 2023 and 2025

Company details

Identity

Enterprise number
0745.701.455
VAT number
BE 0745.701.455
Peppol ID
0208:0745701455
Other Peppol ID
9925:BE0745701455
Legal form
Private limited company
Status
Active, normal situation
Founded
30-03-2020
Financial year
ends on 30 September
Website
www.vycom.be
Peppol
Reachable since 06-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VYCOM in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
31001 Manufacture of furniture main activity
31004 Manufacture of dining room, living room, bedroom and bathroom furniture
31009 Manufacture of furniture
33110 Repair and maintenance of fabricated metal products
43120 Site preparation
43221 Plumbing work
Codes under NACEBEL 2008
31010 Manufacture of furniture main activity
31091 Manufacture of furniture
31092 Manufacture of furniture
33110 Repair, maintenance and installation of machinery and equipment
43120 Site preparation
43221 Plumbing

Registered office and establishments

1 establishment
Establishment Since Unit number
Terwarentstraat 12 registered office 9451 Haaltert 30-03-2020 2.300.893.151
1 former office
  • Plataanlaan 32, 9320 Aalst until the deed of 26-09-2025

Location

registered office establishment approximate The establishment unit on the map

Contact

E-mail info@vycom.be

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0745.701.455

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