VINDEVOGEL MANAGEMENT
ActiveVINDEVOGEL MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.48M and a net result of €-24k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 41% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-8
Solvency56▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.62 in 2024), and 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
44.8%
Return on assets
-0.7%
Age of the figures
8 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
91 d late
2022
61 d late
2021
150 d late
2020
27 d late
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.48M▼ 1.6%
2024 · €1.51M
2020: €1.39M
2021: €1.43M
2022: €1.47M
2023: €1.49M
2024: €1.51M
2020 → 2025
Total assets
€3.32M▼ 11.9%
2024 · €3.76M
2020: €2.90M
2021: €2.83M
2022: €2.81M
2023: €2.79M
2024: €3.76M
2020 → 2025
Net result
€-24k
2024 · €23k
2020: €60k
2021: €70k
2022: €56k
2023: €43k
2024: €23k
2020 → 2025
Working capital
€-443k▼ 9.2%
2024 · €-405k
2020: €-444k
2021: €-370k
2022: €-439k
2023: €-475k
2024: €-405k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.43M-€1.47M▲ 2.7%€1.49M▲ 1.2%€1.51M▲ 1.5%€1.48M▼ 1.6%
Operating result€111k-€114k▲ 2.3%€106k▼ 7.2%€117k▲ 11.2%€-2k
Net result€70k-€56k▼ 19.6%€43k▼ 24.0%€23k▼ 46.1%€-24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €117k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.32M
Fixed assets
€3.04M▼ 1.7%
Current assets
€280k▼ 58.5%
Equity and liabilities €3.32M
Equity
€1.48M▼ 1.6%
Debt
€1.83M▼ 18.8%
The debt ratio falls from 59.9% to 55.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€51k▼
2024 · €158k
Cash flow
€30k▼
2024 · €64k
Solvency
44.8%▲
2024 · 40.1%
Current ratio
0.39▼
2024 · 0.62
Quick ratio
0.39▼
2024 · 0.62
Debt / equity
1.23▼
2024 · 1.50
ROE
-1.6%▼
2024 · 1.5%
ROA
-0.7%▼
2024 · 0.6%
Interest coverage
2.37▲
2024 · 1.68
Debt
€1.83M▼
2024 · €2.26M
Debt ≤ 1 year
€723k▼
2024 · €1.08M
Debt > 1 year
€1.11M▼
2024 · €1.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€3.76M€3.32M▼
Fixed assets
21/28€3.09M€3.04M▼
Tangible fixed assets
22/27€1.19M€1.14M▼
Financial fixed assets
28€1.90M€1.90M=
Current assets
29/58€675k€280k▼
Amounts receivable within one year
40/41€509k€274k▼
Cash & bank
54/58€165k€5k▼
Total equity & liabilities
10/49€3.76M€3.32M▼
Equity
10/15€1.51M€1.48M▼
Contributions / capital
10/11€1.33M€1.33M=
Reserves
13€11k€11k=
Accumulated profits (losses)
14€172k€148k▼
Amounts payable
17/49€2.26M€1.83M▼
Amounts payable after one year
17€1.18M€1.11M▼
Amounts payable within one year
42/48€1.08M€723k▼
Trade debts payable within one year
44€363k€61k▼
Income statement
Code20242025
Gross operating margin
9900€173k€60k▼
Operating result
9901€117k€-2k▼
Financial charges
65€94k€22k▼
Result before taxes
9903€23k€-24k▼
Net result for the period
9904€23k€-24k▼
Result to be appropriated
9905€23k€-24k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-24k ▼202%
Net result drops to €-24k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
26-06
State Gazette act
Director changes
Joost EEMAN
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
31-12
Financial
Highest result since 2020net €70k ▲16.9%
Net result €70k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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.
Directors · office · real estate
Directors
1 director, last change in 2024
Vindevogel Koen
CurrentNon-statutory director · since 26-06-2024
26-06-2024
Resigned as Manager
26-06-2024
Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Horebeke · 1 establishment unit since 2014
Ground area
2,236 m²
Building footprint
570 m²
Volume, LiDAR
3,113 m³
Parcel 45048B0002/00G000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VINDEVOGEL MANAGEMENT
since 20142.235.889.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45048B0002/00G000 | Flanders | 2,236 m² | 1 · 570 m² | 9.1 m · 2 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
MONETTA
BE 0860.282.904
Boussu · Eq €1.48M
SOCO
BE 0478.701.235
Zottegem · Eq €1.48M
MSQ
BE 0700.413.046
Hoeilaart · Eq €1.48M
MELVIN DEWAELE
BE 0821.763.214
Frasnes-lez-Anvaing · Eq €1.48M
AVU
BE 0440.509.860
Bornem · Eq €1.49M
Of 82,137 companies in sector 70200 we hold annual accounts for 51,755. 23,334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68310Real estate agency activities
68311Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 07-08-2026. Scores and ratios are computed by Checked and are not a credit decision.