VYCON
ActiveSummary
VYCON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€897,627) and a net result of -€938,928. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 5% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency5▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.82 in 2024; short-term debt: 105.9% and cash: 9.4% of total assets), and equity is negative.
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Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-20.4%
Return on assets
-21.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€897,627
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
28 d late
2023
1 d early
2022
on the day
2021
on the day
2020
3 d early
2019
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?Vybros Capital Partners · 56 companies
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Financials · fiscal year 2025, abbreviated schema
Equity
-€897,627
2024 · €41,302
Total assets
€4.4m▲ 21.6%
2024 · €3.6m
Net result
-€938,928▼ 45.6%
2024 · -€644,726
Working capital
-€2.0m▼ 291%
2024 · -€499,064
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100,840▲ 0.7%€110,545▲ 9.6%€111,012▲ 0.4%-€570,412-€915,313▼ 60.5%
Net result€73,280▲ 33.3%€49,310within the sector's middle half▼ 32.7%€28,357within the sector's middle half▼ 42.5%-€644,726below the sector's middle half-€938,928below the sector's middle half▼ 45.6%
Equity€622,955▲ 12.1%€672,265within the sector's middle half▲ 7.9%€700,622within the sector's middle half▲ 4.2%€41,302below the sector's middle half▼ 94.1%-€897,627below the sector's middle half
Total assets€3.7m▲ 14.3%€4.5mabove the sector's middle half▲ 22.9%€3.9mabove the sector's middle half▼ 12.8%€3.6mabove the sector's middle half▼ 7.8%€4.4mabove the sector's middle half▲ 21.6%
Debt€3.0m▲ 15.9%€3.7m▲ 26.3%€3.1m▼ 15.9%€3.5m▲ 11.3%€5.2m▲ 49.2%
Working capital€507,855▲ 155%€596,649▲ 17.5%€686,919▲ 15.1%-€499,064-€2.0m▼ 291%
Solvency17.0%▼ 0.3pp15.0%below the sector's middle half▼ 2.1pp17.9%below the sector's middle half▲ 2.9pp1.1%below the sector's middle half▼ 16.7pp-20.4%below the sector's middle half▼ 21.6pp
Staff (FTE)10.5▼ 7.1%12.7within the sector's middle half▲ 21.0%14.3within the sector's middle half▲ 12.6%14.3above the sector's middle half=25above the sector's middle half▲ 74.8%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €915,313 in 2025 against €570,412 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€1.7m ▲ 20.6%
Current assets
€2.7m ▲ 22.2%
Key figures and ratios
EBITDA
-€657,822▼
2024 · -€240,306
Cash flow
-€681,438▼
2024 · -€314,620
Current ratio
0.58▼
2024 · 0.82
Quick ratio
0.37▼
2024 · 0.56
Debt to equity
-5.80▼
2024 · 84.50
ROA
-21.4%▼
2024 · -17.8%
Interest coverage
-10.60▼
2024 · -2.52
Debt ≤ 1 year
€4.7m▲
2024 · €2.7m
Debt > 1 year
€505,305▼
2024 · €781,979
Income taxes
€0▼
2024 · €5,042
Staff costs
€2.2m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 682 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €42,055 | - |
| Remuneration, social security and pensions62 | €778,465 | €994,854 | €1.1m | €1.6m | €2.2m | ▲ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €309,051 | €317,205 | €320,342 | €330,106 | €257,491 | ▼ 22.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€7,212 | €17,696 | -€1,723 | €5,410 | -€49,078 | ▼ 1,007% |
| Other operating charges640/8 | €30,745 | €32,079 | €44,139 | €51,095 | €42,866 | ▼ 16.1% |
| Non-recurring operating charges66A | - | - | €7,990 | €132 | €427,917 | ▲ 323,002% |
| Gross operating margin9900 | €1.2m | €1.5m | €1.6m | €1.4m | €1.9m | ▲ 38.6% |
| Operating profit (loss)9901 | €100,840 | €110,545 | €111,012 | -€570,412 | -€915,313 | ▼ 60.5% |
| Financial income75/76B | €9,567 | €2,558 | €4,254 | €3,942 | €38,455 | ▲ 875% |
| Recurring financial income75 | €9,567 | €2,558 | €4,254 | €3,942 | €38,455 | ▲ 875% |
| Financial charges65/66B | €28,826 | €35,229 | €52,398 | €95,322 | €62,070 | ▼ 34.9% |
| Recurring financial charges65 | €28,826 | €35,229 | €52,398 | €95,322 | €62,070 | ▼ 34.9% |
| Profit (loss) for the period before taxes9903 | €81,581 | €77,874 | €62,868 | -€661,792 | -€938,928 | ▼ 41.9% |
| Transfer from deferred taxes780 | €22,108 | €7,515 | €7,515 | €22,109 | €0 | ▼ 100% |
| Income taxes67/77 | €30,409 | €36,078 | €42,026 | €5,042 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €73,280 | €49,310 | €28,357 | -€644,726 | -€938,928 | ▼ 45.6% |
| Transfer from tax-exempt reserves789 | - | €14,594 | €14,594 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €73,280 | €63,904 | €42,951 | -€644,726 | -€938,928 | ▼ 45.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €4.5m | €3.9m | €3.6m | €4.4m | ▲ 21.6% |
| Fixed assets21/28 | €2.1m | €1.9m | €1.6m | €1.4m | €1.7m | ▲ 20.6% |
| Intangible fixed assets21 | - | - | - | €111,826 | €541,522 | ▲ 384% |
| Tangible fixed assets22/27 | €2.1m | €1.8m | €1.6m | €1.3m | €1.2m | ▼ 9.1% |
| Land and buildings22 | €1.8m | €1.6m | €1.4m | €1.2m | €1.0m | ▼ 13.7% |
| Plant, machinery and equipment23 | €1,781 | €1,123 | €465 | €66 | €0 | ▼ 100% |
| Furniture and vehicles24 | €183,900 | €179,396 | €120,781 | €74,686 | €123,898 | ▲ 65.9% |
| Leasing and similar rights25 | €27,335 | €18,586 | €10,485 | €1,379 | €0 | ▼ 100% |
| Financial fixed assets28 | €28,720 | €28,720 | €28,720 | €25,000 | €0 | ▼ 100% |
| Current assets29/58 | €1.6m | €2.6m | €2.3m | €2.2m | €2.7m | ▲ 22.2% |
| Stocks and contracts in progress3 | - | - | - | €701,402 | €970,438 | ▲ 38.4% |
| Stocks30/36 | - | - | - | €701,402 | €759,736 | ▲ 8.3% |
| Contracts in progress37 | - | - | - | - | €210,703 | - |
| Amounts receivable within one year40/41 | €923,387 | €2.5m | €2.2m | €1.3m | €1.2m | ▼ 5.8% |
| Trade receivables40 | €829,261 | €2.4m | €1.8m | €1.1m | €994,350 | ▼ 6.6% |
| Other amounts receivable41 | €94,126 | €111,478 | €341,079 | €262,440 | €254,747 | ▼ 2.9% |
| Cash at bank and in hand54/58 | €631,148 | €131,744 | €134,313 | €119,424 | €411,695 | ▲ 245% |
| Deferred charges and accrued income490/1 | €12,796 | €7,603 | €31,556 | €61,543 | €68,664 | ▲ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €4.5m | €3.9m | €3.6m | €4.4m | ▲ 21.6% |
| Equity10/15 | €622,955 | €672,265 | €700,622 | €41,302 | -€897,627 | ▼ 2,273% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €64,128 | €49,534 | €34,940 | €20,346 | €20,346 | = |
| Non-distributable reserves130/1 | €4,360 | €4,360 | €4,360 | €4,360 | €4,360 | = |
| Reserves not available under the articles1311 | €4,360 | €4,360 | €4,360 | €4,360 | €4,360 | = |
| Tax-exempt reserves132 | €59,768 | €45,174 | €30,580 | €15,986 | €15,986 | = |
| Profit (loss) carried forward14 | €540,227 | €604,131 | €647,082 | €2,356 | -€936,573 | ▼ 39,860% |
| Provisions and deferred taxes16 | €83,036 | €93,217 | €83,980 | €81,876 | €84,126 | ▲ 2.7% |
| Provisions for liabilities and charges160/5 | €52,260 | €69,956 | €68,234 | €73,644 | €75,895 | ▲ 3.1% |
| Environmental obligations163 | - | €69,956 | €68,234 | €73,644 | €75,895 | ▲ 3.1% |
| Other liabilities and charges164/5 | €52,260 | - | - | - | - | - |
| Deferred taxes168 | €30,776 | €23,261 | €15,746 | €8,232 | €8,232 | = |
| Amounts payable17/49 | €3.0m | €3.7m | €3.1m | €3.5m | €5.2m | ▲ 49.2% |
| Amounts payable after more than one year17 | €1.9m | €1.7m | €1.5m | €781,979 | €505,305 | ▼ 35.4% |
| Financial debts170/4 | €1.9m | €1.7m | €1.5m | €781,979 | €505,305 | ▼ 35.4% |
| Amounts payable within one year42/48 | €1.1m | €2.0m | €1.6m | €2.7m | €4.7m | ▲ 71.7% |
| Current portion of amounts payable after more than one year42 | €235,527 | €231,395 | €334,073 | €306,751 | €251,910 | ▼ 17.9% |
| Financial debts43 | - | - | - | - | €710,000 | - |
| Credit institutions430/8 | - | - | - | - | €710,000 | - |
| Trade debts44 | €689,237 | €1.2m | €729,071 | €549,255 | €624,467 | ▲ 13.7% |
| Suppliers440/4 | €689,237 | €1.2m | €729,071 | €549,255 | €624,467 | ▲ 13.7% |
| Advances received on contracts in progress46 | - | - | - | €1.6m | €1.7m | ▲ 11.2% |
| Taxes, remuneration and social security45 | €132,454 | €179,125 | €167,557 | €244,869 | €766,126 | ▲ 213% |
| Taxes450/3 | €45,499 | €55,626 | €62,281 | €45,205 | €301,214 | ▲ 566% |
| Remuneration and social security454/9 | €86,955 | €123,499 | €105,275 | €199,664 | €464,912 | ▲ 133% |
| Other amounts payable47/48 | €2,258 | €398,050 | €413,233 | €38,233 | €552,934 | ▲ 1,346% |
| Accrued charges and deferred income492/3 | - | - | - | - | €51,054 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,280 | €49,310 | €28,357 | -€644,726 | -€938,928 | ▼ 45.6% |
| + Depreciation and write-downs630 | €309,051 | €317,205 | €320,342 | €330,106 | €257,491 | ▼ 22.0% |
| Operating cash flow (approximation) | €382,331 | €366,515 | €348,699 | -€314,620 | -€681,438 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€89,609 | -€47,562 | -€146,005 | -€546,945 | ▼ 275% |
| Change in cash | - | -€499,404 | €2,569 | -€14,888 | €292,271 | ▲ 2,063% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
State Gazette act
Capital & shares · MiscellaneousCapital contribution · Shareholding · Power of attorney7 facts ▸
State Gazette act
Capital & shares · Miscellaneous
Capital contribution · Shareholding · Power of attorney7 facts ▸
- Capital contribution, €2.000.000
- Other statement, afstand van verslag bestuursorgaan, verslag bestuursorgaan voorzien in §1
- Capital contribution, €2.000.000
- Shareholding, enige aandeelhouder
- Other statement, vrijstelling van volstortingsplicht, bestaande enige aandeelhouder op heden vrijgesteld
- Other statement, kennisgeving volstortingsverzoek, ingelicht van feit dat bestuursorgaan op ieder ogenblik tot volstorting kan verzoeken
- Power of attorney
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€938,928
Net result drops to -€938,928, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2002
Ground area
6,335 m²
Building footprint
3,810 m²
Volume, LiDAR
315 m³
Parcel 36504D1339/00A000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
1 establishment unit
VISCON BE
since 20022.096.107.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D1339/00A000 | Flanders | 6,335 m² | 1 · 3,810 m² | 6.2 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other statement
One provision in the deed
Structure & network
Part of the group
Vybros Capital Partners
56 companies
Group, risk and exposure
Owners and holdings
3 owners · 1 holdingChain of control
- JOYCON
- VYCON
Highest known parent: JOYCON. The sources do not say who stands above it.
Owners 3
- JOYCONparent100%
- VYCON INVESTparent100%
- VYTECH GROUPparent100%
Holdings 1
-
100%
According to the 2024 annual accounts of VYCON and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 3,689 EUR awarded · 3,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,648 EUR | 3,078 EUR |
| 2022 | 1 | 41 EUR | 41 EUR |
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,359 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28299Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477420241
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.