VCN
ActiveSummary
VCN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €218k and a net result of €67k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 2279 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+6
Solvency52▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.85 in 2023; short-term debt: 27.7% and cash: 14.6% of total assets), but 72.8% of the assets are financed with debt.
Credit check 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 63
Relative position
BE, all sectors
reference
Sector 63
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
61 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€67k▲ 161%
2023 · €26k
2018: €15k
2019: €13k
2020: €11k
2021: €17k
2022: €49k
2023: €26k
2018 → 2024
Working capital
€202k▲ 57.1%
2023 · €129k
2018: €125k
2019: €48k
2020: €37k
2021: €57k
2022: €98k
2023: €129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€86k▲ 24.2%€125k▲ 45.4%€151k▲ 20.3%€218k▲ 44.1%
Operating result€17k-€29k▲ 66.2%€61k▲ 110%€49k▼ 18.7%€107k▲ 117%
Net result€11k-€17k▲ 56.3%€49k▲ 192%€26k▼ 48.1%€67k▲ 161%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 117% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800k
Fixed assets
€377k ▼ 6.4%
Current assets
€423k ▲ 50.8%
Equity and liabilities €800k
Equity
€218k ▲ 44.1%
Debt
€582k ▲ 9.4%
Debt's share of the balance-sheet total falls from 77.9% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▲
2023 · €69k
Cash flow
€97k▲
2023 · €45k
Current ratio
1.91▲
2023 · 1.85
Quick ratio
1.86▲
2023 · 1.77
Debt to equity
2.68▼
2023 · 3.53
ROE
30.6%▲
2023 · 16.9%
ROA
8.3%▲
2023 · 3.7%
Interest coverage
9.58▲
2023 · 6.03
Debt ≤ 1 year
€221k▲
2023 · €152k
Debt > 1 year
€353k▼
2023 · €380k
Income taxes
€26k▲
2023 · €13k
Staff costs
€113k▼
2023 · €119k
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 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€683k€800k▲
Fixed assets21/28€403k€377k▼
Tangible fixed assets22/27€403k€377k▼
Land and buildings22€399k€374k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€25€25=
Current assets29/58€281k€423k▲
Stocks and contracts in progress3€11k€11k▼
Stocks30/36€11k€11k▼
Amounts receivable within one year40/41€199k€295k▲
Trade receivables40€168k€274k▲
Other amounts receivable41€31k€20k▼
Cash at bank and in hand54/58€63k€117k▲
Deferred charges and accrued income490/1€7k€433▼
Equity and liabilities
Total equity and liabilities10/49€683k€800k▲
Equity10/15€151k€218k▲
Contributions10/11€19k€19k=
Reserves13€123k€173k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€931€931=
Distributable reserves133€120k€172k▲
Profit (loss) carried forward14€10k€26k▲
Amounts payable17/49€532k€582k▲
Amounts payable after more than one year17€380k€353k▼
Financial debts170/4€380k€353k▼
Amounts payable within one year42/48€152k€221k▲
Current portion of amounts payable after more than one year42€14k€24k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€107k€168k▲
Suppliers440/4€107k€168k▲
Taxes, remuneration and social security45€15k€27k▲
Taxes450/3€13k€24k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€12k€2k▼
Accrued charges and deferred income492/3-€8k
Income statement
Code20232024
Non-recurring operating income76A€11k-
Remuneration, social security and pensions62€119k€113k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€30k▲
Other operating charges640/8€5k€1k▼
Non-recurring operating charges66A€20k-
Gross operating margin9900€213k€252k▲
Operating profit (loss)9901€49k€107k▲
Financial income75/76B€709€2▼
Recurring financial income75€709€2▼
Financial charges65/66B€11k€14k▲
Recurring financial charges65€11k€14k▲
Profit (loss) for the period before taxes9903€39k€93k▲
Income taxes67/77€13k€26k▲
Profit (loss) for the period9904€26k€67k▲
Profit (loss) for the period to be appropriated9905€26k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€76k▲
Profit (loss) brought forward from the previous period14P€4k€10k▲
Transfer to equity691/2€20k€50k▲
To other reserves6921€20k€50k▲
Social balance
Average headcount (FTE)90873.5-
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
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
31-12
Financial
Highest result since 2018net €67k ▲161%
Operating result €107k, net result €67k, both a record.
31-12
Financial
Equity above €200kEq €218k ▲44.1%
7 profitable years in a row build equity to €218k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €151k ▲20.3%
6 profitable years in a row build equity to €151k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Equity above €100kEq €125k ▲45.4%
5 profitable years in a row build equity to €125k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €11k ▼17.9%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grez-Doiceau · 1 establishment unit since 2012
Ground area
703 m²
Building footprint
110 m²
Parcel 25070A0210/00K004, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VINCENT COMPUTER NETWORKING
since 20122.214.992.426
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25070A0210/00K004 | Wallonia | 703 m² | 1 · 110 m² | - |
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
Archimedrics
BE 0885.983.944
Schilde · Eq €218,358
Parabuild Benelux
BE 0416.430.502
Antwerpen · Eq €216,353
VALID SOLUTIONS
BE 0477.624.139
Schilde · Eq €218,912
TOON HEYLEN
BE 0465.480.927
Olen · Eq €216,000
Performance for Assets
BE 0678.486.987
Mons · Eq €215,835
Of 2,723 companies in sector 63100 we hold annual accounts for 1,270. 943 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
Founded03-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
63100Computing infrastructure, data processing, hosting and related activities
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.