VYNCKE Service
ActiveVYNCKE Service has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €187k and a net result of €54k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability92
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 2.56 in 2023), and 33.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
405 d late
2022
769 d late
2021
1153 d late
2020
229 d late
2019
139 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Financials · fiscal year 2024, micro schema
Equity
€187k▲ 8.2%
2023 · €172k
2018: €50k
2019: €53k
2020: €104k
2021: €158k
2022: €204k
2023: €172k
2018 → 2024
Total assets
€279k▲ 7.5%
2023 · €260k
2018: €230k
2019: €262k
2020: €321k
2021: €281k
2022: €331k
2023: €260k
2018 → 2024
Net result
€54k▲ 25.1%
2023 · €43k
2018: €27k
2019: €4k
2020: €51k
2021: €54k
2022: €46k
2023: €43k
2018 → 2024
Working capital
€167k▲ 23.5%
2023 · €135k
2018: €-64k
2019: €31k
2020: €66k
2021: €126k
2022: €175k
2023: €135k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€104k-€158k▲ 51.8%€204k▲ 29.1%€172k▼ 15.6%€187k▲ 8.2%
Operating result€71k-€76k▲ 6.8%€68k▼ 9.6%€71k▲ 3.3%€79k▲ 11.3%
Net result€51k-€54k▲ 5.8%€46k▼ 14.6%€43k▼ 6.2%€54k▲ 25.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279k
Fixed assets
€20k▼ 47.9%
Current assets
€259k▲ 17.0%
Equity and liabilities €279k
Equity
€187k▲ 8.2%
Debt
€93k▲ 6.1%
The debt ratio falls from 33.6% to 33.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€98k▲
2023 · €90k
Cash flow
€74k▲
2023 · €62k
Solvency
66.8%▲
2023 · 66.4%
Current ratio
2.81▲
2023 · 2.56
Quick ratio
2.16▲
2023 · 1.74
Debt / equity
0.50▼
2023 · 0.51
ROE
29.0%▲
2023 · 25.1%
ROA
19.4%▲
2023 · 16.6%
Interest coverage
93.85▲
2023 · 73.40
Debt
€93k▲
2023 · €87k
Debt ≤ 1 year
€92k▲
2023 · €86k
Income taxes
€24k▼
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€260k€279k▲
Fixed assets21/28€38k€20k▼
Intangible fixed assets21€6k-
Tangible fixed assets22/27€32k€20k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€12k€5k▼
Other tangible fixed assets26€18k€13k▼
Current assets29/58€222k€259k▲
Stocks and contracts in progress3€71k€60k▼
Stocks30/36€37k€31k▼
Contracts in progress37€34k€30k▼
Amounts receivable within one year40/41€72k€118k▲
Trade receivables40€58k€97k▲
Other amounts receivable41€14k€20k▲
Cash at bank and in hand54/58€78k€81k▲
Deferred charges and accrued income490/1€809€739▼
Equity and liabilities
Total equity and liabilities10/49€260k€279k▲
Equity10/15€172k€187k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€150k€165k▲
Amounts payable17/49€87k€93k▲
Amounts payable after more than one year17€566-
Financial debts170/4€566-
Amounts payable within one year42/48€86k€92k▲
Current portion of amounts payable after more than one year42€19k€4k▼
Trade debts44€37k€21k▼
Suppliers440/4€37k€21k▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€28k€25k▼
Taxes450/3€28k€24k▼
Remuneration and social security454/9€786€1k▲
Other amounts payable47/48€415€40k▲
Accrued charges and deferred income492/3€279€273▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€93k€101k▲
Operating profit (loss)9901€71k€79k▲
Financial income75/76B€9€62▲
Recurring financial income75€9€62▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€69k€78k▲
Income taxes67/77€26k€24k▼
Profit (loss) for the period9904€43k€54k▲
Profit (loss) for the period to be appropriated9905€43k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€225k€205k▼
Profit (loss) brought forward from the previous period14P€182k€150k▼
Profit to be distributed694/7€75k€40k▼
Return on contributions (dividend)694€75k€40k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-03
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointmentsGeneral meeting · Statutes amendment · Reserve release9 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments
General meeting · Statutes amendment · Reserve release9 facts ▸
- General meeting, 26 maart 2026
- Statutes amendment
- Reserve release, statutair onbeschikbare eigen vermogensrekening opgeheven en beschikbaar gemaakt voor uitkering
- Corporate purpose, in binnen- en buitenland, hetzij rechtstreeks of onrechtstreeks, zowel voor eigen rekening, voor rekening van derden of in deelneming met derden, in consignatie…
- Director appointment, VYNCKE Patrick (niet-statutair bestuurder)
- Director appointment, VYNCKE Gertjan (niet-statutair bestuurder)
- Mandate compensation, VYNCKE Patrick
- Mandate compensation, VYNCKE Gertjan
- Power of attorney, UMAIN EEKLO
2025
10-10
KBO administration
Strikeout withdrawn
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1153 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 405 days late
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 769 days late
2024
31-12
Financial
Highest result since 2018net €54k ▲25.1%
Operating result €79k, net result €54k, both a record.
2022
31-12
Financial
Equity above €200kEq €204k ▲29.1%
5 profitable years in a row build equity to €204k.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 229 days late
2021
31-12
Financial
Equity above €150kEq €158k ▲51.8%
4 profitable years in a row build equity to €158k.
2020
31-12
Financial
Equity above €100kEq €104k ▲96%
3 profitable years in a row build equity to €104k.
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 139 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼86.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
VYNCKE Gertjan
CurrentNon-statutory director · since 26-03-2026
VYNCKE Patrick
CurrentNon-statutory director · since 26-03-2026
26-03-2026
VYNCKE Gertjan: Appointed as Non-statutory director
26-03-2026
VYNCKE Patrick: Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2017
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.
Bilksken 89920 LievegemGround area
1,498 m²
Building footprint
459 m²
Volume, LiDAR
2,404 m³
Parcel 44452B1511/00C000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VYNCKE Service
since 20172.262.987.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B1511/00C000 | Flanders | 1,498 m² | 1 · 459 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Wim Bossaerts
BE 0507.785.694
Nijlen · Eq €187k
Michael Vanhauter
BE 0761.746.938
Brugge · Eq €187k
ADI
BE 0719.864.219
Zuienkerke · Eq €186k
Blomme Niels
BE 0776.524.887
Maldegem · Eq €186k
Polet Xavier
BE 0712.526.564
Wortegem-Petegem · Eq €187k
Of 6,989 companies in sector 43221 we hold annual accounts for 3,444. 2,894 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2017
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.