VACAL
ActiveSummary
VACAL has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €145k. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 13.94 against 10.72 in 2024; short-term debt: 6.1% and cash: 23.3% of total assets), and 7.5% 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
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 →
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 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
12.4%
Age of the figures
9 mo
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 25-02-2026, 156 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
156 d early
2024
24 d early
2023
28 d early
2022
21 d early
2021
23 d late
2020
36 d early
2019
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.08M▲ 15.1%
2024 · €936k
2018: €250k
2019: €269k
2020: €344k
2021: €486k
2022: €607k
2023: €737k
2024: €936k
2018 → 2025
Total assets
€1.16M▲ 9.5%
2024 · €1.06M
2018: €415k
2019: €388k
2020: €429k
2021: €607k
2022: €665k
2023: €804k
2024: €1.06M
2018 → 2025
Net result
€145k▼ 28.7%
2024 · €203k
2018: €68k
2019: €19k
2020: €75k
2021: €142k
2022: €121k
2023: €142k
2024: €203k
2018 → 2025
Working capital
€916k▲ 17.0%
2024 · €783k
2018: €215k
2019: €251k
2020: €323k
2021: €465k
2022: €574k
2023: €718k
2024: €783k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€486k-€607k▲ 24.8%€737k▲ 21.4%€936k▲ 27.1%€1.08M▲ 15.1%
Operating result€209k-€176k▼ 16.0%€208k▲ 18.0%€283k▲ 36.3%€201k▼ 29.1%
Net result€142k-€121k▼ 15.1%€142k▲ 17.7%€203k▲ 42.6%€145k▼ 28.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€178k ▼ 11.1%
Current assets
€987k ▲ 14.2%
Equity and liabilities €1.16M
Equity
€1.08M ▲ 15.1%
Debt
€88k ▼ 31.5%
Debt's share of the balance-sheet total falls from 12.0% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€252k▼
2024 · €306k
Cash flow
€196k▼
2024 · €226k
Current ratio
13.94▲
2024 · 10.72
Quick ratio
10.40▲
2024 · 7.61
Debt to equity
0.08▼
2024 · 0.14
ROE
13.4%▼
2024 · 21.7%
ROA
12.4%▼
2024 · 19.1%
Interest coverage
74.70▼
2024 · 121.26
Debt ≤ 1 year
€71k▼
2024 · €81k
Debt > 1 year
€17k▼
2024 · €47k
Income taxes
€56k▼
2024 · €84k
Staff costs
€304k▲
2024 · €299k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€1.16M▲
Fixed assets21/28€200k€178k▼
Intangible fixed assets21€21k€35k▲
Tangible fixed assets22/27€179k€142k▼
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€172k€133k▼
Other tangible fixed assets26€235€0▼
Current assets29/58€864k€987k▲
Stocks and contracts in progress3€251k€251k▼
Stocks30/36€173k€162k▼
Contracts in progress37€78k€89k▲
Amounts receivable within one year40/41€187k€232k▲
Trade receivables40€158k€202k▲
Other amounts receivable41€29k€30k▲
Current investments50/53€208k€228k▲
Cash at bank and in hand54/58€210k€271k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.16M▲
Equity10/15€936k€1.08M▲
Contributions10/11€19k€19k=
Reserves13€917k€1.06M▲
Tax-exempt reserves132€49k€121k▲
Distributable reserves133€868k€938k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€128k€88k▼
Amounts payable after more than one year17€47k€17k▼
Financial debts170/4€47k€17k▼
Amounts payable within one year42/48€81k€71k▼
Current portion of amounts payable after more than one year42€30k€30k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€41k€28k▼
Taxes450/3€15k€2k▼
Remuneration and social security454/9€26k€26k▲
Other amounts payable47/48€7k€9k▲
Accrued charges and deferred income492/3€173€0▼
Income statement
Code20242025
Non-recurring operating income76A€23k€7k▼
Remuneration, social security and pensions62€299k€304k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€51k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€608k€560k▼
Operating profit (loss)9901€283k€201k▼
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€287k€200k▼
Income taxes67/77€84k€56k▼
Profit (loss) for the period9904€203k€145k▼
Transfer to tax-exempt reserves689€32k€72k▲
Profit (loss) for the period to be appropriated9905€171k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€73k▼
Transfer from equity791/2€4k€3k▼
Transfer to equity691/2€171k€73k▼
To other reserves6921€171k€73k▼
Profit to be distributed694/7€3k€3k▼
Return on contributions (dividend)694€3k€3k▼
Social balance
Average headcount (FTE)90875.34.8▼
The notes to these accounts (18 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
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.08M ▲15.1%
8 profitable years in a row build equity to €1.08M.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €203k ▲42.6%
Operating result €283k, net result €203k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 11.84
Current ratio from 5.47 to 11.84; short-term debt falls from €104k to €53k.
31-12
Financial
Equity above €500kEq €607k ▲24.8%
5 profitable years in a row build equity to €607k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €19k ▼72.1%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wevelgem · 1 establishment unit since 1996
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.
Poezelhoek 158560 WevelgemGround area
1,507 m²
Building footprint
551 m²
Volume, LiDAR
3,473 m³
Parcel 34012D0123/00Z000, Flanders · tallest building 22.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VACAL
since 19962.075.455.946
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012D0123/00Z000 | Flanders | 1,507 m² | 1 · 551 m² | 22.4 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 943 EUR awarded · 943 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 538 EUR | 538 EUR |
| 2024 | 1 | 405 EUR | 405 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesVACAL BV22703
Similar companies · same sector, comparable size
Jules Forget C.E.A.
BE 0452.920.714
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HOTAK GROUP
BE 0674.758.427
Wetteren · Eq €1,076,838
CD ENGINEERING
BE 0466.206.051
Linkebeek · Eq €1,075,823
TSV
BE 0474.507.766
Retie · Eq €1,075,030
VOLTECO
BE 0589.929.749
Soignies · Eq €1,081,745
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 4,446 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
Founded19-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.