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VLUX

Active
Public limited companyfounded 1977active for 48 yearsRoute de Yernée(Cle) 1, 4480 Engis, BelgiumKBO/BCE: BE 0417.798.202
Summary

VLUX has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€49,790. Equity is shrinking by about 5.3% per year across the filed financial years. Its solvency ranks better than 70% of 123 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Manufacture of electrical equipment
NACE 27402Manufacture of rubber and plastic products NACE 22210
4th oldest company in Engis, Manufacturing sector2 sites
Size
€5.6mturnover 2025
Staff
18.8 FTE
Equity
€1.2m
Loss
-€49,790
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
CANDELA INVEST · 100%
Accounts filed 25 days late3 of 12 deeds read
Why 86raises riskSize: turnover €5.6m, 18.8 FTE, total assets €1.9mLoss of €49,790, the second in a row (financial year 2025)Sector: Manufacture of electrical equipment (NACE 27)lowers riskFounded in 1977Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 42% of its sector peers (NACE 27, small)
Financial strength · tick = 2024
Average
Solvency 86-14
equity 60.6% of total assets
Liquidity 45-6
short-term debt 36.6% · cash 9.4%
Profitability 38+17
return on assets -2.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (92 companies, NACE 27, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.2 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.54, compared with 4.36 in 2024, above the usual 1.5; short-term debt: 36.6% and cash: 9.4% of total assets), and 39.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, small): better than 78% on solvency, 47% on liquidity, 29% on profitability and 14% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1977
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €5.6m, 18.8 FTE, total assets €1.9m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €49,790, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Manufacture of electrical equipment (NACE 27)
KBO
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
25 days late
2024
13 days early
2023
28 days early
2022
19 days early
2021
72 days late
2020
1 day early
2019
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Capital & shares · Amendment of…Merger · Auditor report ·…

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€49,790 View
  • Caution: Equity fell in 2025from €2.8m to €1.2m ▼ 58.1% View
  • Caution: Among the weakest 20% on net resultsector median €63,069 · 125 companies -€49,790 View
  • Controlled by CANDELA INVESTultimately: SEDAINE BENELUX 100% View
  • Active since 1977founded 30-11-1977 48 years View

By topic

Financials

Financial year
2025
Turnover
€5.6m
Loss
-€49,790
Solvency
60.6%
Turnover▼ 9.2%
Net result
20182025
Go to Financials

Timeline

Events
54
Since
1979
Next accounts
by 31-07-2027
  1. 22-04-2025Restructuring
  2. 03-12-2024Resignation: CANDELA INVEST (director)
  3. 03-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of electrical equipmentNACE 27402
Founded
30-11-1977
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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