VINVEST
ActiveVINVEST has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €76k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 10250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-6
Solvency55▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.42 in 2024), and 56.7% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
14 d late
2023
29 d late
2022
30 d late
2021
30 d late
2020
20 d late
2019
32 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.05M▼ 1.3%
2024 · €1.07M
2018: €557k
2019: €617k
2020: €696k
2021: €769k
2022: €859k
2023: €976k
2024: €1.07M
2018 → 2025
Total assets
€2.43M▲ 18.4%
2024 · €2.05M
2018: €2.50M
2019: €2.36M
2020: €2.23M
2021: €2.01M
2022: €1.97M
2023: €1.84M
2024: €2.05M
2018 → 2025
Net result
€76k▼ 15.1%
2024 · €90k
2018: €33k
2019: €60k
2020: €79k
2021: €72k
2022: €91k
2023: €117k
2024: €90k
2018 → 2025
Working capital
€-428k▼ 39.6%
2024 · €-306k
2018: €-130k
2019: €-300k
2020: €-339k
2021: €-297k
2022: €-243k
2023: €-140k
2024: €-306k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€769k-€859k▲ 11.8%€976k▲ 13.6%€1.07M▲ 9.2%€1.05M▼ 1.3%
Operating result€131k-€170k▲ 29.9%€190k▲ 11.9%€170k▼ 10.8%€161k▼ 5.1%
Net result€72k-€91k▲ 25.1%€117k▲ 28.9%€90k▼ 23.1%€76k▼ 15.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€2.20M▲ 20.3%
Current assets
€228k▲ 3.2%
Equity and liabilities €2.43M
Equity
€1.05M▼ 1.3%
Debt
€1.38M▲ 39.9%
The debt ratio rises from 48.0% to 56.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€352k▲
2024 · €335k
Cash flow
€267k▲
2024 · €255k
Solvency
43.3%▼
2024 · 52.0%
Current ratio
0.35▼
2024 · 0.42
Quick ratio
0.35▼
2024 · 0.42
Debt / equity
1.31▲
2024 · 0.92
ROE
7.3%▼
2024 · 8.4%
ROA
3.1%▼
2024 · 4.4%
Interest coverage
7.09▼
2024 · 9.06
Debt
€1.38M▲
2024 · €984k
Debt ≤ 1 year
€656k▲
2024 · €527k
Debt > 1 year
€692k▲
2024 · €437k
Income taxes
€35k▼
2024 · €43k
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
Assets
Total assets20/58€2.05M€2.43M▲
Fixed assets21/28€1.83M€2.20M▲
Tangible fixed assets22/27€1.83M€2.20M▲
Land and buildings22€1.71M€1.93M▲
Plant, machinery and equipment23€111k€65k▼
Furniture and vehicles24€161€48k▲
Other tangible fixed assets26€7k€161k▲
Current assets29/58€221k€228k▲
Amounts receivable within one year40/41€14k€17k▲
Trade receivables40€14k€14k▼
Other amounts receivable41€349€3k▲
Cash at bank and in hand54/58€197k€208k▲
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.05M€2.43M▲
Equity10/15€1.07M€1.05M▼
Contributions10/11€6k€6k=
Reserves13€270k€1.05M▲
Distributable reserves133€270k€1.05M▲
Profit (loss) carried forward14€790k-
Amounts payable17/49€984k€1.38M▲
Amounts payable after more than one year17€437k€692k▲
Financial debts170/4€437k€692k▲
Amounts payable within one year42/48€527k€656k▲
Current portion of amounts payable after more than one year42€147k€157k▲
Trade debts44€7k€17k▲
Suppliers440/4€7k€17k▲
Taxes, remuneration and social security45€15k€21k▲
Taxes450/3€15k€21k▲
Other amounts payable47/48€358k€460k▲
Accrued charges and deferred income492/3€20k€28k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€165k€191k▲
Other operating charges640/8€18k€19k▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€353k€382k▲
Operating profit (loss)9901€170k€161k▼
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€37k€50k▲
Recurring financial charges65€37k€50k▲
Profit (loss) for the period before taxes9903€133k€112k▼
Income taxes67/77€43k€35k▼
Profit (loss) for the period9904€90k€76k▼
Profit (loss) for the period to be appropriated9905€90k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€880k€866k▼
Profit (loss) brought forward from the previous period14P€790k€790k=
Transfer from equity791/2-€91k
Transfer to equity691/2€90k€866k▲
To other reserves6921€90k€866k▲
Profit to be distributed694/7-€91k
Return on contributions (dividend)694-€91k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
31-12
Financial
Equity above €1MEq €1.07M ▲9.2%
7 profitable years in a row build equity to €1.07M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €117k ▲28.9%
Operating result €190k, net result €117k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Edegem · 1 establishment unit since 1994
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.
Heihoefseweg 102650 EdegemGround area
2,600 m²
Building footprint
259 m²
Volume, LiDAR
2,067 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Letterkundestraat 2, 2610 Antwerpen
since 19942.067.179.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0221/00T000 | Flanders | 2,447 m² | 1 · 152 m² | 9.8 m · 3 fl. |
| 11462A0042/00V004 | Flanders | 153 m² | 1 · 107 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,100 EUR awarded · 2,100 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 2,100 EUR |
| 2024 | 1 | 2,100 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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PHARMACOZ
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HINGIPHAR
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Apotheek Hooijmaaijer BV
BE 0841.905.065
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PHARMACIES ENGELS
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Of 5,209 companies in sector 47730 we hold annual accounts for 3,851. 2,969 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-1993
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.