VYNCKE & PARTNERS
ActiveSummary
VYNCKE & PARTNERS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €15k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency42▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.56 in 2024; short-term debt: 11.2% and cash: 9.1% of total assets), and 83.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 16546 sector peers (2025).
NBB · sector comparisonPosition among 16546 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
4 d early
2023
on the day
2022
3 d late
2021
4 d early
2020
1 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 47.3%
2024 · €31k
2019: €4k
2020: €-2k
2021: €14k
2022: €24k
2023: €27k
2024: €31k
2019 → 2025
Total assets
€274k▲ 0.2%
2024 · €273k
2019: €349k
2020: €331k
2021: €345k
2022: €297k
2023: €287k
2024: €273k
2019 → 2025
Net result
€15k▲ 219%
2024 · €5k
2019: €-12k
2020: €-7k
2021: €16k
2022: €10k
2023: €2k
2024: €5k
2019 → 2025
Working capital
€4k
2024 · €-19k
2019: €-4k
2020: €-13k
2021: €8k
2022: €-18k
2023: €-19k
2024: €-19k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€24k▲ 71.2%€27k▲ 10.3%€31k▲ 17.4%€46k▲ 47.3%
Operating result€21k-€18k▼ 17.7%€7k▼ 60.5%€8k▲ 11.4%€20k▲ 151%
Net result€16k-€10k▼ 38.0%€2k▼ 75.3%€5k▲ 86.6%€15k▲ 219%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 151% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€239k ▼ 3.8%
Current assets
€35k ▲ 41.4%
Equity and liabilities €274k
Equity
€46k ▲ 47.3%
Debt
€228k ▼ 5.9%
Debt's share of the balance-sheet total falls from 88.6% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2024 · €23k
Cash flow
€30k▲
2024 · €20k
Current ratio
1.13▲
2024 · 0.56
Debt to equity
4.95▼
2024 · 7.74
ROE
32.1%▲
2024 · 14.8%
ROA
5.4%▲
2024 · 1.7%
Interest coverage
56.86▲
2024 · 20.94
Debt ≤ 1 year
€31k▼
2024 · €44k
Debt > 1 year
€197k▼
2024 · €198k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€273k€274k▲
Fixed assets21/28€249k€239k▼
Tangible fixed assets22/27€249k€239k▼
Land and buildings22€246k€234k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€2k€2k=
Current assets29/58€24k€35k▲
Amounts receivable within one year40/41€16k€8k▼
Trade receivables40€7k€8k▲
Other amounts receivable41€9k€853▼
Current investments50/53€250€250=
Cash at bank and in hand54/58€7k€25k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€273k€274k▲
Equity10/15€31k€46k▲
Contributions10/11€21k€21k=
Reserves13€11k€25k▲
Tax-exempt reserves132€197€197=
Distributable reserves133€11k€25k▲
Profit (loss) carried forward14€-510-
Amounts payable17/49€242k€228k▼
Amounts payable after more than one year17€198k€197k▼
Financial debts170/4€198k€197k▼
Amounts payable within one year42/48€44k€31k▼
Current portion of amounts payable after more than one year42€14k€1k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3-€285
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€26k€25k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€26k€38k▲
Operating profit (loss)9901€8k€20k▲
Financial income75/76B€10-
Recurring financial income75€10-
Financial charges65/66B€1k€612▼
Recurring financial charges65€1k€612▼
Profit (loss) for the period before taxes9903€7k€19k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€15k▲
Profit (loss) for the period to be appropriated9905€5k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-510€14k▲
Profit (loss) brought forward from the previous period14P€-5k€-510▲
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 1.13
Current ratio from 0.56 to 1.13; short-term debt falls from €44k to €31k.
2024
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.57 to 1.17.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Elshout 159031 GentGround area
2,465 m²
Building footprint
391 m²
Volume, LiDAR
1,873 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schuiterstraat 35, 9031 Gent
since 20032.126.658.385
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0751/00B000 | Flanders | 1,281 m² | 1 · 217 m² | 8.6 m · 2 fl. |
| 44017C0359/00N000 | Flanders | 1,183 m² | 1 · 174 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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KINEQUIPE
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Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,951 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2003
Fiscal year end31-03
Activities, NACEBEL 2025
86951Physiotherapy
85510Sports and recreation education
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.