The computed 12-month bankruptcy probability of VAQUALAN TWO is 13.1% (high). For VAQUALAN TWO, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€158,402) and a net result of -€70,572. Equity is shrinking by about 31% per year across the filed financial years. The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Signalsraises riskFigures for financial year 2021 (filed 04-08-2022)No registered site in the KBOLiquidity: current ratio 0.80, cash €496, halvedTwo or more financial years not filedlowers riskSize: total assets €647,297neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency1-11
equity -24.5% of total assets
Liquidity0-1
short-term debt 124.5% · cash 0.1%
Profitability10-20
return on assets -10.9%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
13.1%High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months11-2024: 12.9%lowest value12-2024: 12.9%● unchanged vs 11-2024lowest value01-2025: 12.9%● unchanged vs 12-2024lowest value02-2025: 14.8%▲ +1.9 percentage points vs 01-2025highest value03-2025: 14.8%● unchanged vs 02-2025highest value04-2025: 14.8%● unchanged vs 03-2025highest value05-2025: 14.8%● unchanged vs 04-2025highest value06-2025: 14.8%● unchanged vs 05-2025highest value07-2025: 14.8%● unchanged vs 06-2025highest value08-2025: 13.5%▼ -1.3 percentage points vs 07-202509-2025: 13.5%● unchanged vs 08-202510-2025: 13.5%● unchanged vs 09-202511-2025: 13.5%● unchanged vs 10-202512-2025: 13.5%● unchanged vs 11-202501-2026: 13.5%● unchanged vs 12-202502-2026: 13.1%▼ -0.4 percentage points vs 01-202603-2026: 13.1%● unchanged vs 02-202604-2026: 13.1%● unchanged vs 03-202605-2026: 13.1%● unchanged vs 04-202606-2026: 13.1%● unchanged vs 05-202607-2026: 13.1%● unchanged vs 06-202608-2026: 13.1%● unchanged vs 07-202609-2026: 13.1%● unchanged vs 08-202610-2026: 13.1%● unchanged vs 09-2026
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
This company filed its last 3 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Annual accounts filedfinancial year 2021 · full…
Annual accounts filedfinancial year 2020 · full…
Annual accounts filedfinancial year 2019 · full…
Key points
Risk: Accounts not fileddeadline was 31-07-20231179 days lateView
Risk: Negative equityfinancial year 2021: debts exceed assets-€158,402View
Caution: Result fell in 2021from -€20,190 to -€70,572▼ 250%View