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Complete company report
Generated 23-08-2026
Active BE 0441.273.091Non-profit association

VINCENTGOED

Kortrijksestraat 58 ·8850 Ardooie, Belgium· 36 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of VINCENTGOED is < 0.1% (very low). The 2024 annual accounts show equity of €16.23M and a net result of €-279k. Equity is growing by ~3.5% per year across the filed fiscal years. The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €16.23M
Net result €-279k
Active 36 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health78Profitability33Solvency99Growth35Stability100
69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 33
Solvency 99
Growth 35
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −No NACE activity registered +Long track record −

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

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1989, 36 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 Flags0 events
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.
Health barometer FY 2024 · computed
78 / 100 Excellent
050100
Computed from 6 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.
Financial overview10 NBB filings
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · verkort
€-2.00M€0€2.00M€4.00M€6.00MRevenue 2020: €5.70M€5.70MOperating result 2020: €-142k€-142kNet result 2020: €-439k€-439kRevenue 2021: €5.55M€5.55MOperating result 2021: €-65k€-65kNet result 2021: €-58k€-58kRevenue 2022: €0€0Operating result 2022: €326k€326kNet result 2022: €204k€204kOperating result 2023: €322k€322kNet result 2023: €417k€417kRevenue 2024: €1.12M€1.12MOperating result 2024: €-133k€-133kNet result 2024: €-279k€-279k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.5%/year over 7 fiscal years, indicative, assuming unchanged policy.
€12.50M€15.00M€17.50M€20.00M€22.50M2025: €16.81M (€15.30M - €18.31M)2026: €17.40M (€14.99M - €19.81M)2027: €18.02M (€14.71M - €21.33M)2018: €14.04M2019: €13.63M2020: €13.28M2021: €14.30M2022: €16.43M2023: €16.69M2024: €16.23M2018201920202021202220232024202520262027
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).

Revenue
€1.12M
- 18-24
EBITDA
€1.27M
+4.7% 18-24
Net profit
€-279k
- 18-24
Cash flow
€1.13M
-14.0% 18-24
Total assets
€27.00M
-5.2% 18-24
Equity
€16.23M
-2.8% 18-24
Working capital
€3.03M
-31.5% 18-24
Employees (FTE)
107
-0.3% 18-24
Show 14 other metrics
Staff costs
€5.91M
- 18-24
Income taxes
€15k
-40.4% 18-24
Debt
€9.50M
-9.4% 18-24
Debt ≤ 1y
€787k
-30.3% 18-24
Debt > 1y
€8.71M
-6.7% 18-24
Current ratio
4.84
-1.3% 18-24
Quick ratio
4.84
-1.3% 18-24
Solvency
60.1%
+2.6% 18-24
Debt / equity
0.59
-6.8% 18-24
ROE
-1.7%
- 18-24
ROA
-1.0%
- 18-24
Net margin
-25.0%
-2287.3% 18-24
EBITDA margin
114.1%
+1521.0% 18-24
Interest coverage
11.67
-24.9% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue€1.12M
EBITDA€1.27M
Net profit€-279k
Cash flow€1.13M
Staff costs-
Income taxes€15k
Dividends-
Total assets€27.00M
Equity€16.23M
Debt€9.50M
of which ≤ 1y€787k
of which > 1y€8.71M
Working capital€3.03M
Employees (FTE)-
Ratios (computed)
2024
Current ratio4.84
Quick ratio4.84
Working capital ratio11.2%
Solvency60.1%
Debt / equity0.59
Long-term debt ratio0.54
Interest coverage11.67
Gross margin-
Net margin-25.0%
ROA-1.0%
ROE-1.7%
EBITDA margin114.1%
Days sales outstanding1d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€27.00M
Fixed assets 21/28€23.18M
Tangible fixed assets 22/27€23.18M
Current assets 29/58€3.81M
Amounts receivable within one year 40/41€128k
Investments 50/53€3.05M
Cash & bank 54/58€634k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€27.00M
Equity 10/15€16.23M
Contributions / capital 10/11€4.02M
Reserves 13€4.40M
Accumulated profits (losses) 14€1.80M
Provisions & deferred taxes 16€1.27M
Amounts payable 17/49€9.50M
Amounts payable after one year 17€8.71M
Amounts payable within one year 42/48€787k
Trade debts payable within one year 44€159k
Income statement
Turnover 70€1.12M
Operating result 9901€-133k
Financial income 75€22k
Financial charges 65€152k
Result before taxes 9903€-263k
Income taxes 67/77€15k
Net result for the period 9904€-279k
Result to be appropriated 9905€-279k
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.
Directors & mandates 1 directors
Current directors & mandates
  • Dorine BAUWENS
    Director
    State Gazette act 25125673 (03-10-2025)
    Current
    03-10-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Non-profit association(017)
Incorporation27-09-1989
StatusActive
Postal code8850
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36001E0422/00G002 Flanders 1.3 ha 1 · 4,095 m² 15.0 m · 2 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
03-10-2025
State Gazette act Director changes
30-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
10-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
12-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
07-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
13-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
15-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
13-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
12-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
06-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 10 months ago
2025
03-10-2025 1 director appointed, 3 resigning, 7 reappointed Director changes
  • Dorine BAUWENS, Bestuurder
  • G. Degrande, Commissaris
  • Johan Leenknecht, Bestuurder
  • Martine Gaermynck, Bestuurder
  • Kris Igodt, Commissaris
  • Caroline Flipts, Bestuurder
  • Jo(zef) Debyser, Bestuurder
  • Jan Delaere, Bestuurder
Technical details 
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  "notary": {
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    "office_city": "Brugge",
    "is_associated": false
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  "act_meta": {
    "language": "nl",
    "pub_date": "2025-10-03",
    "filing_date": "2025-09-25",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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      "date": "2023-06-16",
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      "body": "algemene_vergadering",
      "date": "2024-06-28",
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    },
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      "body": "algemene_vergadering",
      "date": "2025-06-12",
      "unanimous": null
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  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0441.273.091",
    "name_full": "Vincentgoed",
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR VINCENTGOED
Registered office
Kortrijksestraat 58
8850 Ardooie, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative