VYGON
ActiveSummary
VYGON has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.3m and a net result of €1.2m. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86=
Solvency100=
Growth50▼-22
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 4.27 in 2023; short-term debt: 15.8% and cash: 8.1% of total assets), and 16.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.7%
Return on assets
8.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
49 d early
2022
59 d early
2021
53 d early
2020
54 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€8.7m▼ 0.6%
2023 · €8.8m
EBIT margin
18.6%▲ 0.8pp
2023 · 17.8%
Net result
€1.2m▼ 23.0%
2023 · €1.5m
Working capital
€1.4m▼ 81.2%
2023 · €7.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Turnover€8.1m€8.8m▲ 7.9%€8.7m▼ 0.6%
Operating result€1.3m▲ 5.4%€1.5m▲ 14.2%€1.6m▲ 2.6%€1.6m▼ 0.8%€1.6m▲ 3.9%
Net result€1.6mabove the sector's middle half▲ 5.9%€1.5mabove the sector's middle half▼ 7.9%€1.5mabove the sector's middle half▼ 0.8%€1.5mabove the sector's middle half▲ 0.1%€1.2mabove the sector's middle half▼ 23.0%
EBIT margin19.4%17.8%▼ 1.6pp18.6%▲ 0.8pp
Equity€9.9mabove the sector's middle half▲ 8.2%€10.4mabove the sector's middle half▲ 5.3%€10.9mabove the sector's middle half▲ 4.9%€11.3mabove the sector's middle half▲ 3.7%€11.3mabove the sector's middle half▲ 0.1%
Total assets€11.7mabove the sector's middle half▲ 5.6%€12.4mabove the sector's middle half▲ 5.7%€13.3mabove the sector's middle half▲ 7.0%€13.8mabove the sector's middle half▲ 3.7%€13.5mabove the sector's middle half▼ 1.7%
Debt€1.8m▼ 6.3%€2.0m▲ 9.8%€2.4m▲ 17.8%€2.5m▲ 3.3%€2.2m▼ 10.4%
Working capital€6.3m▲ 13.5%€6.7m▲ 7.1%€7.2m▲ 8.0%€7.6m▲ 5.1%€1.4m▼ 81.2%
Solvency84.1%above the sector's middle half▲ 2.1pp83.8%above the sector's middle half▼ 0.4pp82.1%above the sector's middle half▼ 1.6pp82.2%above the sector's middle half▲ 0.1pp83.7%above the sector's middle half▲ 1.6pp
Staff (FTE)21.2within the sector's middle half▲ 5.0%18.9within the sector's middle half▼ 10.8%20within the sector's middle half▲ 5.8%21.3within the sector's middle half▲ 6.5%21.3within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.5m
Fixed assets
€10.0m ▲ 160%
Current assets
€3.6m ▼ 64.1%
Equity and liabilities €13.5m
Equity
€11.3m ▲ 0.1%
Debt
€2.2m ▼ 10.4%
Debt's share of the balance-sheet total falls from 17.8% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.7m▲
2023 · €1.6m
Cash flow
€1.2m▼
2023 · €1.6m
Current ratio
1.67▼
2023 · 4.27
Debt to equity
0.19▼
2023 · 0.22
ROE
10.3%▼
2023 · 13.3%
ROA
8.6%▼
2023 · 11.0%
Interest coverage
421.66▲
2023 · 362.63
Debt ≤ 1 year
€2.1m▼
2023 · €2.3m
Income taxes
€463,312▼
2023 · €580,340
Staff costs
€2.2m▼
2023 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €9.3m | €10.1m | €10.0m | ▼ 1.2% |
| Turnover70 | - | - | €8.1m | €8.8m | €8.7m | ▼ 0.6% |
| Other operating income74 | - | - | €1.1m | €1.3m | €1.3m | ▼ 5.3% |
| Non-recurring operating income76A | - | - | €6,088 | €6,275 | €9,035 | ▲ 44.0% |
| Operating charges60/66A | - | - | €7.7m | €8.6m | €8.4m | ▼ 2.1% |
| Goods for resale, raw materials and consumables60 | - | - | €4.5m | €4.8m | €4.7m | ▼ 2.0% |
| Purchases600/8 | - | - | €4.5m | €4.8m | €4.7m | ▼ 2.0% |
| Services and other goods61 | - | - | €1.1m | €1.4m | €1.3m | ▼ 3.7% |
| Remuneration, social security and pensions62 | - | €1.8m | €1.9m | €2.2m | €2.2m | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,013 | €60,647 | €65,558 | €67,171 | €70,230 | ▲ 4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21,239 | - | - | - | - |
| Other operating charges640/8 | - | €64,909 | €64,869 | €71,979 | €64,866 | ▼ 9.9% |
| Non-recurring operating charges66A | - | - | - | €69 | - | - |
| Gross operating margin9900 | €3.4m | €3.5m | - | - | - | - |
| Operating profit (loss)9901 | €1.3m | €1.5m | €1.6m | €1.6m | €1.6m | ▲ 3.9% |
| Financial income75/76B | - | €480,657 | €476,565 | €524,712 | €1 | ▼ 100.0% |
| Recurring financial income75 | €831,521 | €480,657 | €476,565 | €524,712 | €1 | ▼ 100.0% |
| Income from financial fixed assets750 | - | - | €476,565 | €524,711 | - | - |
| Income from current assets751 | - | - | - | €1 | €1 | = |
| Financial charges65/66B | - | €4,407 | €6,089 | €4,511 | €4,031 | ▼ 10.6% |
| Recurring financial charges65 | €1,699 | €4,407 | €6,089 | €4,511 | €4,031 | ▼ 10.6% |
| Other financial charges652/9 | - | - | €6,089 | €4,511 | €4,031 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €2.2m | €2.0m | €2.1m | €2.1m | €1.6m | ▼ 22.2% |
| Income taxes67/77 | €529,549 | €497,816 | €544,501 | €580,340 | €463,312 | ▼ 20.2% |
| Taxes670/3 | - | - | €544,501 | €583,634 | €465,742 | ▼ 20.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €3,294 | €2,430 | ▼ 26.2% |
| Profit (loss) for the period9904 | €1.6m | €1.5m | €1.5m | €1.5m | €1.2m | ▼ 23.0% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €1.5m | €1.5m | €1.5m | €1.2m | ▼ 23.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.7m | €12.4m | €13.3m | €13.8m | €13.5m | ▼ 1.7% |
| Fixed assets21/28 | €3.7m | €3.8m | €3.8m | €3.8m | €10.0m | ▲ 160% |
| Tangible fixed assets22/27 | €430,211 | €500,109 | €480,441 | €522,329 | €533,976 | ▲ 2.2% |
| Land and buildings22 | - | €427,534 | €408,181 | €438,313 | €424,634 | ▼ 3.1% |
| Furniture and vehicles24 | - | €72,575 | €72,260 | €84,016 | €109,342 | ▲ 30.1% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €3.3m | €9.4m | ▲ 185% |
| Affiliated companies280/1 | - | - | €3.3m | €3.3m | €9.4m | ▲ 185% |
| Participating interests280 | - | - | €3.3m | €3.3m | €9.4m | ▲ 185% |
| Other financial fixed assets284/8 | - | - | €4,354 | €4,354 | €4,354 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €4,354 | €4,354 | €4,354 | = |
| Current assets29/58 | €8.0m | €8.6m | €9.5m | €9.9m | €3.6m | ▼ 64.1% |
| Amounts receivable after more than one year29 | - | €5.2m | €5.7m | €6.2m | - | - |
| Other amounts receivable291 | - | €5.2m | €5.7m | €6.2m | - | - |
| Amounts receivable within one year40/41 | €2.0m | €2.1m | €2.3m | €2.8m | €2.4m | ▼ 14.3% |
| Trade receivables40 | - | €2.1m | €2.3m | €2.8m | €2.3m | ▼ 15.6% |
| Other amounts receivable41 | - | €81,889 | €67,217 | €53,531 | €82,254 | ▲ 53.7% |
| Current investments50/53 | - | - | - | €18,000 | - | - |
| Own shares50 | - | - | - | €18,000 | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.2m | €1.4m | €917,617 | €1.1m | ▲ 18.9% |
| Deferred charges and accrued income490/1 | - | €36,625 | €43,676 | €23,511 | €49,715 | ▲ 111% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.7m | €12.4m | €13.3m | €13.8m | €13.5m | ▼ 1.7% |
| Equity10/15 | €9.9m | €10.4m | €10.9m | €11.3m | €11.3m | ▲ 0.1% |
| Contributions10/11 | €248,000 | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Capital10 | - | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Issued capital100 | - | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Reserves13 | €9.6m | €10.2m | €10.7m | €11.1m | €11.1m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €24,800 | €24,800 | €42,800 | €24,800 | ▼ 42.1% |
| Legal reserve130 | - | €24,800 | €24,800 | €24,800 | €24,800 | = |
| Own shares acquired1312 | - | - | - | €18,000 | - | - |
| Tax-exempt reserves132 | - | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Distributable reserves133 | - | €10.1m | €10.6m | €11.0m | €11.0m | ▲ 0.3% |
| Provisions and deferred taxes16 | €28,300 | - | - | - | - | - |
| Amounts payable17/49 | €1.8m | €2.0m | €2.4m | €2.5m | €2.2m | ▼ 10.4% |
| Amounts payable within one year42/48 | €1.8m | €1.9m | €2.3m | €2.3m | €2.1m | ▼ 8.4% |
| Trade debts44 | €385,768 | €468,965 | €561,169 | €636,712 | €579,339 | ▼ 9.0% |
| Suppliers440/4 | - | €468,965 | €561,169 | €636,712 | €579,339 | ▼ 9.0% |
| Taxes, remuneration and social security45 | - | €437,043 | €692,228 | €592,194 | €424,096 | ▼ 28.4% |
| Taxes450/3 | - | €81,110 | €294,814 | €140,727 | €76,045 | ▼ 46.0% |
| Remuneration and social security454/9 | - | €355,933 | €397,414 | €451,467 | €348,051 | ▼ 22.9% |
| Other amounts payable47/48 | - | €999,910 | €999,910 | €1.1m | €1.1m | ▲ 2.7% |
| Accrued charges and deferred income492/3 | - | €110,546 | €121,310 | €124,908 | €66,124 | ▼ 47.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €1.5m | €1.5m | €1.5m | €1.2m | ▼ 23.0% |
| + Depreciation and write-downs630 | €61,013 | €60,647 | €65,558 | €67,171 | €70,230 | ▲ 4.6% |
| Operating cash flow (approximation) | €1.7m | €1.6m | €1.6m | €1.6m | €1.2m | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€134,435 | -€45,890 | -€109,059 | -€6.2m | ▼ 5,587% |
| Change in cash | - | €108,646 | €226,718 | -€496,972 | €173,419 | ▲ 135% |
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
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €1.2m ▼23%
Net result drops to €1.2m, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10mEq €10.4m ▲5.3%
4 profitable years in a row build equity to €10.4m.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.6m ▲5.9%
Net result €1.6m, the highest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
23 acts for this company are 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, Brussel · 1 establishment unit since 1974
Ground area
2,357 m²
Building footprint
976 m²
Volume, LiDAR
4,888 m³
Parcel 21821C0148/00X000, Brussels · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Haachtsesteenweg 1650, 1130 Brussel
since 19742.037.756.303
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00X000 | Brussels | 2,357 m² | 1 · 976 m² | 7.7 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Vygon SASFR
- VYGON
Highest known parent: Vygon SAS (France). The sources do not say who stands above it.
Owners 1
- Vygon SASFRparentSourceown accounts 2024100%
Holdings 1
-
13.84%
According to the 2024 annual accounts of VYGON 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.
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Of 1,903 companies in sector 46460 we hold annual accounts for 1,126. 417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-05-1974
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0414130513
Also
9925:BE0414130513
Registered
01-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.