VIMADO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VIMADO is 0.2% (very low). The 2024 annual accounts show equity of €1.14M and a net result of €403k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 976 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record today, 108 days later. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 07-05-2025, 7 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2024, that is 30-04-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	nothing on record	not filed	-
30-09-2024	30-04-2025	07-05-2025	7 d late	2025-00090717
30-09-2023	30-04-2024	29-04-2024	1 d early	2024-00072885
30-09-2022	30-04-2023	26-04-2023	4 d early	2023-00066587
30-09-2021	30-04-2022	04-05-2022	4 d late	2022-20019518
30-09-2020	30-04-2021	28-04-2021	2 d early	2021-11800367
31-12-2018	31-07-2019	10-07-2019	21 d early	2019-31300477
31-12-2017	31-07-2018	10-07-2018	21 d early	2018-31300519
31-12-2016	31-07-2017	24-08-2017	24 d late	2017-47400556
31-12-2015	31-07-2016	24-08-2016	24 d late	2016-46600400
31-12-2014	31-07-2015	26-08-2015	26 d late	2015-56400063

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2013, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€403k+408.1%

Working capital€305k-28.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 07-05-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~30.6%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	19.9%	39.7%	better than 32% of 976 sector peers
Net result	€403k	€32k	better than 87% of 976 sector peers
Equity	€1.14M	€152k	better than 77% of 977 sector peers
Gross operating margin	€966k	€59k	better than 95% of 817 sector peers
Staff costs	€3k	€194k	higher than 10% of 258 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P32

Improving position over 2020-2024 · n=275-976

Net result P87

Stable position over 2020-2024 · n=275-976

Equity P77

Improving position over 2020-2024 · n=275-977

Gross operating margin P95

Stable position over 2020-2024 · n=190-817

Describes the position versus peers, not a forecast.

EBITDA

€945k

+75.2% 18-24

Net profit

€403k

+408.1% 18-24

Cash flow

€834k

+80.3% 18-24

Total assets

€5.73M

+2.9% 18-24

Equity

€1.14M

+54.5% 18-24

Working capital

€305k

-28.4% 18-24

Employees (FTE)

1

-54.5% 18-24

Staff costs

€3k

-88.0% 18-24

Show 11 other metrics

Income taxes

€41k

+446.5% 18-24

Debt

€4.59M

-5.0% 18-24

Debt ≤ 1y

€532k

+2.3% 18-24

Debt > 1y

€4.06M

-5.9% 18-24

Current ratio

1.57

-13.5% 18-24

Quick ratio

0.45

+133.1% 18-24

Solvency

19.9%

+50.2% 18-24

Debt / equity

4.02

-38.5% 18-24

ROE

35.3%

+228.8% 18-24

ROA

7.0%

+393.9% 18-24

Interest coverage

13.02

+83.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€945k
Net profit	€403k
Cash flow	€834k
Staff costs	€3k
Income taxes	€41k
Dividends	-
Total assets	€5.73M
Equity	€1.14M
Debt	€4.59M
of which ≤ 1y	€532k
of which > 1y	€4.06M
Working capital	€305k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.57
Quick ratio	0.45
Working capital ratio	5.3%
Solvency	19.9%
Debt / equity	4.02
Long-term debt ratio	3.55
Interest coverage	13.02
Gross margin	-
Net margin	-
ROA	7.0%
ROE	35.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €4.89M · 85.4% Current assets €837k · 14.6%

Equity & liabilities

Equity €1.14M · 19.9% Debt €4.59M · 80.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€5.73M
Fixed assets	21/28	€4.89M
Intangible fixed assets	21	€44k
Tangible fixed assets	22/27	€4.85M
Current assets	29/58	€837k
Stocks & contracts in progress	3	€599k
Amounts receivable within one year	40/41	€27k
Cash & bank	54/58	€211k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5.73M
Equity	10/15	€1.14M
Contributions / capital	10/11	€19k
Reserves	13	€1.12M
Amounts payable	17/49	€4.59M
Amounts payable after one year	17	€4.06M
Amounts payable within one year	42/48	€532k
Trade debts payable within one year	44	€192k
Income statement
Gross operating margin	9900	€966k
Operating result	9901	€513k
Financial income	75	€3k
Financial charges	65	€73k
Result before taxes	9903	€444k
Income taxes	67/77	€41k
Net result for the period	9904	€403k
Result to be appropriated	9905	€403k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

71 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

VIMADO

Marhemstraat(D) 7, 7711 MouscronGraanteelt (muv rijst) : harde tarwe, zachte tarwe, rogge, gerst, haver, maïs, enz

since 20132.225.928.086

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.1 ha

Buildings1

Building footprint469 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
54003S0363/00A000	Wallonia	1.1 ha	1 · 469 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 7 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 71

Profitability 100

Solvency 37

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 15,456 of the 82,029 companies in this sector. 5,356 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Gemengd bedrijf01500Gemengd landbouwbedrijf01500Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220

Primary activity highlighted.

Names & trade names

Legal nameFR

VIMADO

Registered office

Marhemstraat(D) 7

7711 Mouscron, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.