VLAMYTAL
ActiveVLAMYTAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €750k and a net result of €74k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 1221 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-12
Solvency58▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.29 in 2023; short-term debt: 39.2% and cash: 5.1% of total assets), and 67.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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
not confirmed
2024
18 d late
2023
29 d late
2022
29 d late
2021
26 d early
2020
44 d early
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€750k▲ 9.5%
2023 · €685k
2018: €390k
2019: €528k
2020: €547k
2021: €586k
2022: €633k
2023: €685k
2018 → 2024
Total assets
€2.30M▲ 34.4%
2023 · €1.71M
2018: €1.55M
2019: €1.74M
2020: €1.72M
2021: €1.56M
2022: €1.72M
2023: €1.71M
2018 → 2024
Net result
€74k▼ 59.0%
2023 · €181k
2018: €177k
2019: €147k
2020: €27k
2021: €168k
2022: €176k
2023: €181k
2018 → 2024
Working capital
€199k▼ 9.7%
2023 · €220k
2018: €-185k
2019: €-16k
2020: €191k
2021: €194k
2022: €307k
2023: €220k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€547k-€586k▲ 7.2%€633k▲ 8.1%€685k▲ 8.2%€750k▲ 9.5%
Operating result€62k-€248k▲ 302%€249k▲ 0.6%€276k▲ 10.6%€133k▼ 51.8%
Net result€27k-€168k▲ 511%€176k▲ 4.8%€181k▲ 2.6%€74k▼ 59.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.30M
Fixed assets
€1.20M▲ 66.0%
Current assets
€1.10M▲ 11.3%
Equity and liabilities €2.30M
Equity
€750k▲ 9.5%
Debt
€1.55M▲ 51.1%
The debt ratio rises from 60.0% to 67.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€297k▼
2023 · €424k
Cash flow
€238k▼
2023 · €329k
Solvency
32.6%▼
2023 · 40.0%
Current ratio
1.22▼
2023 · 1.29
Quick ratio
0.99▼
2023 · 1.06
Debt / equity
2.07▲
2023 · 1.50
ROE
9.9%▼
2023 · 26.4%
ROA
3.2%▼
2023 · 10.6%
Interest coverage
5.71▼
2023 · 11.93
Debt
€1.55M▲
2023 · €1.03M
Debt ≤ 1 year
€901k▲
2023 · €768k
Debt > 1 year
€649k▲
2023 · €259k
Income taxes
€19k▼
2023 · €70k
Staff costs
€280k▼
2023 · €309k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.71M€2.30M▲
Fixed assets21/28€723k€1.20M▲
Tangible fixed assets22/27€723k€1.20M▲
Land and buildings22€254k€760k▲
Plant, machinery and equipment23€235k€188k▼
Furniture and vehicles24€29k€96k▲
Leasing and similar rights25€205k€156k▼
Current assets29/58€988k€1.10M▲
Stocks and contracts in progress3€177k€207k▲
Stocks30/36€177k€207k▲
Amounts receivable within one year40/41€738k€755k▲
Trade receivables40€476k€408k▼
Other amounts receivable41€261k€347k▲
Cash at bank and in hand54/58€57k€117k▲
Deferred charges and accrued income490/1€17k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.71M€2.30M▲
Equity10/15€685k€750k▲
Contributions10/11€124k€124k=
Reserves13€543k€617k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€543k€617k▲
Profit (loss) carried forward14€0€0=
Investment grants15€18k€9k▼
Amounts payable17/49€1.03M€1.55M▲
Amounts payable after more than one year17€259k€649k▲
Financial debts170/4€259k€649k▲
Trade debts175€0-
Amounts payable within one year42/48€768k€901k▲
Current portion of amounts payable after more than one year42€227k€220k▼
Financial debts43€250k€325k▲
Credit institutions430/8€250k€325k▲
Trade debts44€198k€310k▲
Suppliers440/4€198k€310k▲
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€88k€46k▼
Taxes450/3€60k€29k▼
Remuneration and social security454/9€27k€17k▼
Other amounts payable47/48€968€0▼
Accrued charges and deferred income492/3-€366
Income statement
Code20232024
Non-recurring operating income76A€48k€0▼
Remuneration, social security and pensions62€309k€280k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€164k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€35k€31k▼
Gross operating margin9900€769k€610k▼
Operating profit (loss)9901€276k€133k▼
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Financial charges65/66B€36k€52k▲
Recurring financial charges65€36k€52k▲
Profit (loss) for the period before taxes9903€250k€93k▼
Income taxes67/77€70k€19k▼
Profit (loss) for the period9904€181k€74k▼
Profit (loss) for the period to be appropriated9905€181k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€181k€74k▼
Transfer to equity691/2€61k€74k▲
To other reserves6921€61k€74k▲
Profit to be distributed694/7€120k€0▼
Return on contributions (dividend)694€120k€0▼
Social balance
Average headcount (FTE)90876.44.6▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €181k ▲2.6%
Operating result €276k, net result €181k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €27k ▼81.2%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Equity above €500kEq €528k ▲35.3%
2 profitable years in a row build equity to €528k.
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 72 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Brugge · 1 establishment unit since 2002
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.
Pathoekeweg 1048000 BruggeGround area
1.0 ha
Building footprint
3,894 m²
Volume, LiDAR
42,739 m³
Parcel 31807I0459/00E002, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VLAMYTAL
since 20022.101.551.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00E002 | Flanders | 1.0 ha | 1 · 3,894 m² | 15.2 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 6,214 EUR awarded · 6,214 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 2,299 EUR |
| 2024 | 1 | 3,915 EUR | 3,915 EUR |
| 2023 | 1 | 2,299 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Ecologiepremie+
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Of 710 companies in sector 25510 we hold annual accounts for 409. 287 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2001
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.