Vicinity Partners
ActiveSummary
The computed 12-month bankruptcy probability of Vicinity Partners is 2.8% (moderate). The 2024 annual accounts show equity of €444k and a net result of €33k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 1077 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.48 against 3.33 in 2023; short-term debt: 15.5% and cash: 2.1% of total assets), and 15.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.5%
Return on assets
6.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
2 d late
2022
79 d early
2021
39 d early
2020
58 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33k▲ 57.2%
2023 · €21k
2020: €-991
2021: €428k
2022: €16k
2023: €21k
2020 → 2024
Working capital
€365k▲ 14.7%
2023 · €318k
2020: €-67k
2021: €265k
2022: €280k
2023: €318k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€61k-€389k▲ 543%€390k▲ 0.3%€411k▲ 5.4%€444k▲ 8.0%
Operating result€-464-€571k€24k▼ 95.8%€32k▲ 36.6%€43k▲ 33.1%
Net result€-991-€428k€16k▼ 96.2%€21k▲ 29.6%€33k▲ 57.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €525k
Fixed assets
€79k ▼ 15.0%
Current assets
€446k ▼ 1.9%
Equity and liabilities €525k
Equity
€444k ▲ 8.0%
Debt
€81k ▼ 40.4%
Debt's share of the balance-sheet total falls from 25.0% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2023 · €50k
Cash flow
€47k▲
2023 · €38k
Current ratio
5.48▲
2023 · 3.33
Debt to equity
0.18▼
2023 · 0.33
ROE
7.4%▲
2023 · 5.1%
ROA
6.3%▲
2023 · 3.8%
Interest coverage
29.46▼
2023 · 54.49
Debt ≤ 1 year
€81k▼
2023 · €137k
Income taxes
€18k▲
2023 · €13k
Staff costs
€23k▼
2023 · €91k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€548k€525k▼
Fixed assets21/28€93k€79k▼
Intangible fixed assets21€25k€13k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€65k€65k=
Current assets29/58€455k€446k▼
Amounts receivable within one year40/41€85k€284k▲
Trade receivables40€31k€246k▲
Other amounts receivable41€54k€38k▼
Current investments50/53€350k€150k▼
Cash at bank and in hand54/58€18k€11k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€548k€525k▼
Equity10/15€411k€444k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€154k€154k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€147k€147k=
Profit (loss) carried forward14€195k€228k▲
Amounts payable17/49€137k€81k▼
Amounts payable within one year42/48€137k€81k▼
Trade debts44€80k€65k▼
Suppliers440/4€80k€65k▼
Taxes, remuneration and social security45€47k€12k▼
Taxes450/3€47k€12k▼
Remuneration and social security454/9€344-
Other amounts payable47/48€9k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62€91k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Other operating charges640/8€987-
Gross operating margin9900€142k€80k▼
Operating profit (loss)9901€32k€43k▲
Financial income75/76B€2k€10k▲
Recurring financial income75€2k€10k▲
Financial charges65/66B€910€2k▲
Recurring financial charges65€910€2k▲
Profit (loss) for the period before taxes9903€34k€51k▲
Income taxes67/77€13k€18k▲
Profit (loss) for the period9904€21k€33k▲
Profit (loss) for the period to be appropriated9905€21k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€195k€228k▲
Profit (loss) brought forward from the previous period14P€175k€195k▲
Social balance
Average headcount (FTE)90871.20.6▼
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
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €428k
Net result €428k after one loss-making year.
31-12
Financial
Liquidity times 35current ratio 1.58
Current ratio from 0.04 to 1.58.
31-12
Financial
Equity above €200kEq €389k ▲543%
Equity rises from €61k to €389k.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
08-02
State Gazette act
General meeting · Name change
Purpose change · Capital
27-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
22-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Watermaal-Bosvoorde · 1 establishment unit since 2019
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.
Bosrechterstraat 501170 Watermaal-BosvoordeGround area
111 m²
Building footprint
89 m²
Volume, LiDAR
871 m³
Parcel 21017D0191/00D002, Brussels · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vicinity Partners
since 20192.289.497.334
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0191/00D002 | Brussels | 111 m² | 1 · 89 m² | 11.3 m · 3 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.
Structure & network
Connections & network
5 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Show 1 more companies with a shared director
Shared director
→
Similar companies · same sector, comparable size
VERIMMO
BE 0433.084.511
Wijnegem · Eq €446k
Fork Architects
BE 0827.811.955
Diepenbeek · Eq €441k
CREMO
BE 0460.107.424
Schelle · Eq €449k
HERSSENS-SAQUET
BE 0437.994.095
Puurs-Sint-Amands · Eq €438k
KLEVER IMMO
BE 0668.870.923
Herve · Eq €451k
Of 1,280 companies in sector 81100 we hold annual accounts for 677. 467 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 formPublic limited company
Founded15-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.