Vynckthuys
ActiveSummary
Vynckthuys has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-133k) and a net result of €-106k. Equity is shrinking by ~15.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-5
Solvency12▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 1.03 in 2023; short-term debt: 5.7% and cash: 0.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-12.6%
Return on assets
-10%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-133k
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
35 d early
2022
32 d early
2021
13 d early
2020
31 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-133k▼ 383%
2023 · €-28k
2018: €-285k
2019: €-338k▼ -18.5% vs 2018
2020: €-425k▼ -25.8% vs 2019
2021: €-490k▼ -15.4% vs 2020
2022: €-555k▼ -13.2% vs 2021lowest in 7 years
2023: €-28k▲ +95.0% vs 2022highest in 7 years
2024: €-133k▼ -383% vs 2023
2018 → 2024
Total assets
€1.06M▼ 7.8%
2023 · €1.15M
2018: €1.38Mhighest in 7 years
2019: €1.35M▼ -2.4% vs 2018
2020: €1.28M▼ -4.7% vs 2019
2021: €1.23M▼ -3.8% vs 2020
2022: €1.19M▼ -3.9% vs 2021
2023: €1.15M▼ -3.2% vs 2022
2024: €1.06M▼ -7.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€-106k▼ 44.7%
2023 · €-73k
2018: €-68k
2019: €-53k▲ +22.1% vs 2018highest in 7 years
2020: €-87k▼ -65.3% vs 2019
2021: €-65k▲ +25.1% vs 2020
2022: €-65k▲ +1.1% vs 2021
2023: €-73k▼ -13.0% vs 2022
2024: €-106k▼ -44.7% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-14k
2023 · €1k
2018: €-3k
2019: €-14k▼ -367% vs 2018
2020: €-49k▼ -263% vs 2019
2021: €-62k▼ -27.4% vs 2020
2022: €-77k▼ -23.6% vs 2021lowest in 7 years
2023: €1k▲ +102% vs 2022highest in 7 years
2024: €-14k▼ -1160% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-425k-€-490k▼ 15.4%€-555k▼ 13.2%€-28k▲ 95.0%€-133k▼ 383%
2020: €-425k
2021: €-490k▼ -15.4% vs 2020
2022: €-555k▼ -13.2% vs 2021lowest in 5 years
2023: €-28k▲ +95.0% vs 2022highest in 5 years
2024: €-133k▼ -383% vs 2023
Operating result€-87k-€-65k▲ 25.1%€-65k▲ 1.0%€-73k▼ 12.9%€-66k▲ 9.0%
2020: €-87klowest in 5 years
2021: €-65k▲ +25.1% vs 2020
2022: €-65k▲ +1.0% vs 2021highest in 5 years
2023: €-73k▼ -12.9% vs 2022
2024: €-66k▲ +9.0% vs 2023
Net result€-87k-€-65k▲ 25.1%€-65k▲ 1.1%€-73k▼ 13.0%€-106k▼ 44.7%
2020: €-87k
2021: €-65k▲ +25.1% vs 2020
2022: €-65k▲ +1.1% vs 2021highest in 5 years
2023: €-73k▼ -13.0% vs 2022
2024: €-106k▼ -44.7% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66k in 2024 against €73k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.06M
Fixed assets
€1.01M ▼ 8.1%
Current assets
€46k ▲ 1.1%
Key figures and ratios
EBITDA
€-21k▲
2023 · €-32k
Cash flow
€-60k▼
2023 · €-32k
Solvency
-12.6%▼
2023 · -2.4%
Current ratio
0.76▼
2023 · 1.03
Debt to equity
-8.96▲
2023 · -42.69
ROA
-10.0%▼
2023 · -6.4%
Interest coverage
-502.05▲
2023 · -759.59
Debt
€1.19M▲
2023 · €1.18M
Debt ≤ 1 year
€61k▲
2023 · €45k
Debt > 1 year
€1.13M=
2023 · €1.13M
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.15M€1.06M▼
Fixed assets21/28€1.10M€1.01M▼
Tangible fixed assets22/27€1.06M€1.01M▼
Land and buildings22€1.05M€1.00M▼
Plant, machinery and equipment23€11k€8k▼
Financial fixed assets28€45k€250▼
Current assets29/58€46k€46k▲
Amounts receivable within one year40/41€36k€34k▼
Trade receivables40€18k€17k▼
Other amounts receivable41€19k€17k▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.06M▼
Equity10/15€-28k€-133k▼
Contributions10/11€44k€44k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-73k€-179k▼
Amounts payable17/49€1.18M€1.19M▲
Amounts payable after more than one year17€1.13M€1.13M=
Other amounts payable178/9€1.13M€1.13M=
Amounts payable within one year42/48€45k€61k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Other amounts payable47/48€42k€57k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€45k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-30k€-19k▲
Operating profit (loss)9901€-73k€-66k▲
Financial charges65/66B€42€39k▲
Recurring financial charges65€42€42▲
Non-recurring financial charges66B-€39k
Profit (loss) for the period before taxes9903€-73k€-106k▼
Profit (loss) for the period9904€-73k€-106k▼
Profit (loss) for the period to be appropriated9905€-73k€-106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.05M€-179k▲
Profit (loss) brought forward from the previous period14P€-975k€-73k▲
Transfer from equity791/2€975k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €52k | €52k | €41k | €45k | ▲ 9.3% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 4.1% |
| Gross operating margin9900 | €-33k | €-12k | €-11k | €-30k | €-19k | ▲ 35.1% |
| Operating profit (loss)9901 | €-87k | €-65k | €-65k | €-73k | €-66k | ▲ 9.0% |
| Financial charges65/66B | - | €81 | - | €42 | €39k | ▲ 93,916% |
| Recurring financial charges65 | - | €81 | - | €42 | €42 | ▲ 1.6% |
| Non-recurring financial charges66B | - | - | - | - | €39k | - |
| Profit (loss) for the period before taxes9903 | €-87k | €-65k | €-65k | €-73k | €-106k | ▼ 44.7% |
| Profit (loss) for the period9904 | €-87k | €-65k | €-65k | €-73k | €-106k | ▼ 44.7% |
| Profit (loss) for the period to be appropriated9905 | €-87k | €-65k | €-65k | €-73k | €-106k | ▼ 44.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.28M | €1.23M | €1.19M | €1.15M | €1.06M | ▼ 7.8% |
| Fixed assets21/28 | €1.24M | €1.19M | €1.14M | €1.10M | €1.01M | ▼ 8.1% |
| Tangible fixed assets22/27 | €1.20M | €1.15M | €1.10M | €1.06M | €1.01M | ▼ 4.3% |
| Land and buildings22 | - | €1.12M | €1.09M | €1.05M | €1.00M | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €20k | €10k | €11k | €8k | ▼ 29.3% |
| Furniture and vehicles24 | - | €1k | €641 | - | - | - |
| Financial fixed assets28 | €45k | €45k | €45k | €45k | €250 | ▼ 99.4% |
| Current assets29/58 | €41k | €44k | €42k | €46k | €46k | ▲ 1.1% |
| Amounts receivable within one year40/41 | €37k | €33k | €38k | €36k | €34k | ▼ 5.9% |
| Trade receivables40 | - | €16k | €22k | €18k | €17k | ▼ 2.8% |
| Other amounts receivable41 | - | €16k | €16k | €19k | €17k | ▼ 8.9% |
| Cash at bank and in hand54/58 | €733 | €8k | €1k | €6k | €8k | ▲ 43.6% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €4k | €4k | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.28M | €1.23M | €1.19M | €1.15M | €1.06M | ▼ 7.8% |
| Equity10/15 | €-425k | €-490k | €-555k | €-28k | €-133k | ▼ 383% |
| Contributions10/11 | - | €419k | €419k | €44k | €44k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-845k | €-910k | €-975k | €-73k | €-179k | ▼ 145% |
| Amounts payable17/49 | €1.71M | €1.72M | €1.74M | €1.18M | €1.19M | ▲ 1.4% |
| Amounts payable after more than one year17 | €1.62M | €1.62M | €1.62M | €1.13M | €1.13M | = |
| Other amounts payable178/9 | - | €1.62M | €1.62M | €1.13M | €1.13M | = |
| Amounts payable within one year42/48 | €90k | €106k | €120k | €45k | €61k | ▲ 36.6% |
| Trade debts44 | €2k | €4k | €3k | €2k | €4k | ▲ 73.2% |
| Suppliers440/4 | - | €4k | €3k | €2k | €4k | ▲ 73.2% |
| Taxes, remuneration and social security45 | - | €636 | - | - | - | - |
| Taxes450/3 | - | €636 | - | - | - | - |
| Other amounts payable47/48 | - | €101k | €117k | €42k | €57k | ▲ 34.5% |
| Accrued charges and deferred income492/3 | - | - | €3k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-87k | €-65k | €-65k | €-73k | €-106k | ▼ 44.7% |
| + Depreciation and write-downs630 | €52k | €52k | €52k | €41k | €45k | ▲ 9.3% |
| Operating cash flow (approximation) | €-35k | €-13k | €-13k | €-32k | €-60k | ▼ 90.6% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €45k | - |
| Change in cash | - | €7k | €-7k | €5k | €3k | ▼ 45.9% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.03
Current ratio from 0.36 to 1.03; short-term debt falls from €120k to €45k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Deinze · 1 establishment unit since 2000
Ground area
8,413 m²
Building footprint
190 m²
Volume, LiDAR
1,076 m³
Parcel 44069A0688/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vynckthuys
since 20002.099.439.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44069A0688/00G000 | Flanders | 8,413 m² | 1 · 190 m² | 10.2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-1999
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.