VULCANO
ActiveSummary
VULCANO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668k and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 78% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 5.53 against 5.75 in 2024; short-term debt: 18.1% and cash: 0.4% of total assets), and 18.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
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
81.9%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 08-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
33 d early
2022
138 d early
2021
157 d early
2020
156 d early
2019
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€668k▼ 0.5%
2024 · €671k
2018: €772k
2019: €772k
2020: €741k
2021: €726k
2022: €702k
2023: €687k
2024: €671k
2018 → 2025
Total assets
€815k▲ 0.3%
2024 · €813k
2018: €1.01M
2019: €1.01M
2020: €741k
2021: €726k
2022: €702k
2023: €815k
2024: €813k
2018 → 2025
Net result
€-4k▲ 76.0%
2024 · €-15k
2018: €354k
2019: €254k
2020: €-24k
2021: €-15k
2022: €-23k
2023: €-15k
2024: €-15k
2018 → 2025
Working capital
€668k▼ 0.5%
2024 · €671k
2018: €754k
2019: €772k
2020: €741k
2021: €726k
2022: €702k
2023: €687k
2024: €671k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€726k-€702k▼ 3.2%€687k▼ 2.2%€671k▼ 2.2%€668k▼ 0.5%
Operating result€-15k-€-23k▼ 54.5%€-15k▲ 35.5%€-15k▼ 0.3%€-3k▲ 77.7%
Net result€-15k-€-23k▼ 53.5%€-15k▲ 35.1%€-15k▼ 0.3%€-4k▲ 76.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €815k
Equity
€668k ▼ 0.5%
Debt
€147k ▲ 4.2%
Debt's share of the balance-sheet total rises from 17.4% to 18.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.53▼
2024 · 5.75
Debt to equity
0.22▲
2024 · 0.21
ROE
-0.6%▲
2024 · -2.3%
ROA
-0.5%▲
2024 · -1.9%
Debt ≤ 1 year
€147k▲
2024 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€813k€815k▲
Current assets29/58€813k€815k▲
Amounts receivable within one year40/41€301k€301k=
Other amounts receivable41€301k€301k=
Cash at bank and in hand54/58€562€3k▲
Deferred charges and accrued income490/1€511k€511k=
Equity and liabilities
Total equity and liabilities10/49€813k€815k▲
Equity10/15€671k€668k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€710k€710k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€704k€704k=
Profit (loss) carried forward14€-100k€-104k▼
Amounts payable17/49€141k€147k▲
Amounts payable within one year42/48€141k€147k▲
Other amounts payable47/48€141k€147k▲
Income statement
Code20242025
Other operating charges640/8€400€120▼
Gross operating margin9900€-15k€-3k▲
Operating profit (loss)9901€-15k€-3k▲
Financial charges65/66B€268€325▲
Recurring financial charges65€268€325▲
Profit (loss) for the period before taxes9903€-15k€-4k▲
Profit (loss) for the period9904€-15k€-4k▲
Profit (loss) for the period to be appropriated9905€-15k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€-104k▼
Profit (loss) brought forward from the previous period14P€-85k€-100k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
30-12
Financial
Liquidity times 336current ratio 1432.61
Current ratio from 4.26 to 1432.61; short-term debt falls from €237k to €517.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
17-04
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
05-06
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
22-12
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brasschaat · 1 establishment unit since 1993
Ground area
4,985 m²
Building footprint
333 m²
Volume, LiDAR
1,816 m³
Parcel 11008G0052/00E000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vulcano NV
since 19932.102.844.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008G0052/00E000 | Flanders | 4,984 m² | 1 · 332 m² | 10.5 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
12 locations
1 location
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-12-1991
Fiscal year end30-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.