VYCOM
ActiveSummary
VYCOM has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of -€267,378. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 38% of 1,151 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €2.7m
- Loss
- -€267,378
- Parent
- STICOMAX · 100%
Why 67raises riskLiquidity: current ratio 2.99Latest accounts 45 days late; 1 of the last 3 latelowers riskSector: Office administrative, office support and other business support activities (NACE 82)Size: turnover €249,500, total assets €7.9mShow the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 82, small): better than 44% on solvency, 99% on liquidity, 16% on profitability and 18% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 5 accounts on average 13 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€267,378
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years
The operating result falls in 2025; 2025 is 53% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €0.2m | - |
| Turnover70 | - | - | - | - | €0.2m | - |
| Operating charges60/66A | - | - | - | - | €0.2m | - |
| Services and other goods61 | - | - | - | - | €0.2m | - |
| Other operating charges640/8 | €0.001m | €460 | €0.001m | €0.001m | €0.001m | ▲ 5.9% |
| Gross operating margin9900 | €0.05m | €0.05m | €0.04m | €0.1m | - | - |
| Operating profit (loss)9901 | €0.05m | €0.05m | €0.04m | €0.1m | €0.05m | ▼ 53.1% |
| Financial income75/76B | €80 | €2.0m | - | €0.8m | - | - |
| Recurring financial income75 | €80 | €2.0m | - | €0.8m | - | - |
| Financial charges65/66B | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 19.3% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 19.3% |
| Debt charges650 | - | - | - | - | €0.3m | - |
| Other financial charges652/9 | - | - | - | - | €53 | - |
| Profit (loss) for the period before taxes9903 | -€0.2m | €1.9m | -€0.2m | €0.6m | -€0.3m | - |
| Profit (loss) for the period9904 | -€0.2m | €1.9m | -€0.2m | €0.6m | -€0.3m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €1.9m | -€0.2m | €0.6m | -€0.3m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €7.9m | €7.9m | €7.9m | €7.9m | ▲ 0.4% |
| Fixed assets21/28 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Financial fixed assets28 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Affiliated companies280/1 | - | - | - | - | €7.8m | - |
| Participating interests280 | - | - | - | - | €7.8m | - |
| Current assets29/58 | €0.08m | €0.07m | €0.07m | €0.09m | €0.1m | ▲ 34.9% |
| Amounts receivable after more than one year29 | - | - | - | €0.004m | - | - |
| Other amounts receivable291 | - | - | - | €0.004m | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.06m | €0.03m | €0.03m | ▲ 6.7% |
| Trade receivables40 | €0.03m | €0.03m | €0.06m | €0.03m | €0.03m | ▲ 3.8% |
| Other amounts receivable41 | €158 | - | - | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.006m | €0.05m | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.08m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €7.9m | €7.9m | €7.9m | €7.9m | ▲ 0.4% |
| Equity10/15 | €0.6m | €2.5m | €2.3m | €2.9m | €2.7m | ▼ 9.1% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | - | €1.7m | €1.7m | €2.2m | €2.2m | = |
| Non-distributable reserves130/1 | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Distributable reserves133 | - | €1.6m | €1.6m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€0.2m | - | -€0.2m | €0 | -€0.3m | - |
| Amounts payable17/49 | €7.3m | €5.4m | €5.6m | €4.9m | €5.2m | ▲ 6.0% |
| Amounts payable after more than one year17 | €5.2m | €3.3m | €5.3m | €4.7m | €4.7m | = |
| Financial debts170/4 | €4.6m | €1.9m | - | - | - | - |
| Other amounts payable178/9 | €0.6m | €1.4m | €5.3m | €4.7m | €4.7m | = |
| Amounts payable within one year42/48 | €2.0m | €2.0m | €0.1m | €0.06m | €0.04m | ▼ 29.9% |
| Current portion of amounts payable after more than one year42 | €0.3m | €0.3m | - | - | - | - |
| Financial debts43 | €1.6m | €1.6m | - | - | - | - |
| Credit institutions430/8 | €1.6m | €1.6m | - | - | - | - |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.05m | €0.04m | ▼ 27.0% |
| Suppliers440/4 | €0.1m | €0.1m | €0.1m | €0.05m | €0.04m | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | €0.003m | €0.007m | €0.002m | - | - |
| Taxes450/3 | - | €0.003m | €0.007m | €0.002m | - | - |
| Accrued charges and deferred income492/3 | €0.05m | €0.05m | €0.2m | €0.1m | €0.5m | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €1.9m | -€0.2m | €0.6m | -€0.3m | - |
| Operating cash flow (approximation) | -€0.2m | €1.9m | -€0.2m | €0.6m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0.004m | -€0.04m | €0.05m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-09-2026 | 2026-00513304 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00263145 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00197871 |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00163578 |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20130635 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
Highest known parent: Vybros Capital Partners. The sources do not say who stands above it.
Owners 1
- STICOMAXparentSourceaccounts STICOMAX 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
10-02
Gazette deed
Resignations: GEDENCO BV (bestuurder) and Cervantes Construct BV (bestuurder)Permanent representatives: Greet Dendauw and Carl Commeene · Director discharge8 facts ▸
- General meeting, 05-02-2025
- Board meeting, 05-02-2025
- Director resignation, GEDENCO BV ((gedelegeerd) bestuurder)
- Director resignation, Cervantes Construct BV ((gedelegeerd) bestuurder)
- Permanent representative, Greet Dendauw
- Permanent representative, Carl Commeene
- Director discharge, GEDENCO BV
- Director discharge, Cervantes Construct BV
12-12
Gazette deed
Amendment of the articlesKind of shares · Purpose change · Capital6 facts ▸
- Kind of shares, “afschaffen soorten A en B, Eerste beslissing” (deed in Dutch)
- Other provision, “wijziging aantal aandelen”, EUR (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital, €750,000
- Power of attorney
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33305B0987/00H000 | Flanders | 9,749 m² | 1 · 5,493 m² | 8.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VYCOM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Plaats openvalt vóór einde mandaat, vervanging voorzien binnen redelijke termijn” (deed in Dutch)“Raad kan ondervoorzitter benoemen, raad kiest uit midden voorzitter” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00