Checked.be
Active
BE 0451.293.389Public limited company
Vulcast
Rue de la Hart 2 ·6780 Messancy, Belgium· 32 yrs active
Sector: NACE 24520
(24520)
Conclusion
The KBO register records legal situation 050 for Vulcast (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €1.10M and a net result of €-345k.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €1.10M |
| Net result | €-345k |
| Staff (FTE) | 78.4 |
| Active | 32 yrs |
Snowflake analysis
28
/ 100
Fragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
Health
36
Profitability
2
Solvency
49
Growth
52
Stability
0
Bankruptcy probability (12 mo)
0.9%
Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Long track record
−Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
20 / 100
Moderate riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 2 historical bankruptcy publications (+20)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags
No administrative flags
Health barometer
36
/ 100
Weak
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2019. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-09-2020 with the NBB · fiscal year 2019 · volledig
€9.52M
-9.5%
18-19
€-1.70M
+37.1%
18-19
€-345k
+28.4%
18-19
€360k
+25.3%
18-19
€6.85M
-8.5%
18-19
€1.10M
+14.2%
18-19
€1.07M
-
18-19
78
-6.7%
18-19
€11k
-92.3%
18-19
€5.53M
-10.1%
18-19
€3.49M
-42.9%
18-19
€2.01M
+9203.0%
18-19
1.31
+71.7%
18-19
0.90
+88.8%
18-19
16.1%
+24.8%
18-19
1.83
+8046.9%
18-19
-31.3%
+37.3%
18-19
-5.0%
+21.7%
18-19
-3.6%
+20.9%
18-19
-17.9%
+30.5%
18-19
-34.86
-136.4%
18-19
Figures by fiscal year
| Fiscal year | 2019 |
|---|---|
| Deposit | volledig |
| Revenue | €9.52M |
| EBITDA | €-1.70M |
| Net profit | €-345k |
| Cash flow | €360k |
| Staff costs | - |
| Income taxes | €11k |
| Dividends | - |
| Total assets | €6.85M |
| Equity | €1.10M |
| Debt | €5.53M |
| of which ≤ 1y | €3.49M |
| of which > 1y | €2.01M |
| Working capital | €1.07M |
| Employees (FTE) | 78.4 |
Ratios (computed)
| 2019 | |
|---|---|
| Current ratio | 1.31 |
| Quick ratio | 0.90 |
| Working capital ratio | 15.7% |
| Solvency | 16.1% |
| Debt / equity | 1.83 |
| Long-term debt ratio | 1.83 |
| Interest coverage | -34.86 |
| Gross margin | - |
| Net margin | -3.6% |
| ROA | -5.0% |
| ROE | -31.3% |
| EBITDA margin | -17.9% |
| Days sales outstanding | 42d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2019
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2019 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.85M |
| Fixed assets | 21/28 | €2.28M |
| Tangible fixed assets | 22/27 | €2.25M |
| Financial fixed assets | 28 | €36k |
| Current assets | 29/58 | €4.56M |
| Stocks & contracts in progress | 3 | €1.44M |
| Amounts receivable within one year | 40/41 | €1.11M |
| Cash & bank | 54/58 | €224k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.85M |
| Equity | 10/15 | €1.10M |
| Contributions / capital | 10/11 | €1.40M |
| Reserves | 13 | €49k |
| Accumulated profits (losses) | 14 | €-345k |
| Provisions & deferred taxes | 16 | €221k |
| Amounts payable | 17/49 | €5.53M |
| Amounts payable after one year | 17 | €2.01M |
| Amounts payable within one year | 42/48 | €3.49M |
| Trade debts payable within one year | 44 | €2.16M |
| Income statement | ||
| Turnover | 70 | €9.52M |
| Operating result | 9901 | €-2.41M |
| Financial income | 75 | €22k |
| Financial charges | 65 | €59k |
| Result before taxes | 9903 | €147k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €137k |
| Result to be appropriated | 9905 | €137k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Historic, not recently confirmed (8)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Giuseppe GrassoManaging directorState Gazette act 19038180 (18-03-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 18-03-2019 Appointed· Managing director
- 28-02-2019 Appointed· Director
-
Christopher IrionAdministratorState Gazette act 19028364 (26-02-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 28-02-2019 Resigned· Director
- 26-02-2019 Appointed· Administrator
-
Marc ZubeAdministratorState Gazette act 19028364 (26-02-2019)Not recently confirmedlast confirmed in an act from 2019
-
Olaf MeierAdministratorState Gazette act 19028364 (26-02-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 28-02-2019 Resigned· Director
- 26-02-2019 Appointed· Administrator
-
M. Yvan DemarcheDirectorState Gazette act 15109772 (30-07-2015)Not recently confirmedlast confirmed in an act from 2015
-
Miguel UgaldeDirectorState Gazette act 09120252 (24-08-2009)Not recently confirmedlast confirmed in an act from 2009
-
Sébastien DossogneDirectorState Gazette act 09120252 (24-08-2009)Not recently confirmedlast confirmed in an act from 2009
-
Didier MatricheAuditorState Gazette act 08091793 (23-06-2008)Not recently confirmedlast confirmed in an act from 2008
Former directors (6)
-
Fabrice HeughebaertAdministratorState Gazette act 19028364 (26-02-2019)Former- → 26-02-2019
-
Jean-Marc XhensevalDirectorState Gazette act 09120252 (24-08-2009)Former24-08-2009 → 26-02-2019
2 events
- 26-02-2019 Resigned· Administrator
- 24-08-2009 Appointed· Director
-
Patrick ViseurDirectorState Gazette act 18037882 (27-02-2018)Former27-02-2018 → 26-02-2019
2 events
- 26-02-2019 Resigned· Administrator
- 27-02-2018 Appointed· Director
-
Yvan DemarcheDirectorState Gazette act 18037882 (27-02-2018)Former- → 27-02-2018
-
W7 SPRLLegal entityDirectorState Gazette act 15109772 (30-07-2015)Former- → 30-07-2015
-
Philippe BarthélemyAuditorState Gazette act 08091793 (23-06-2008)Former- → 23-06-2008
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte SCRL Commissaire |
- | 30-07-2015 → 30-07-2015 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | DANIEL ZAMARIOLA AL GLORIETTE 20,
6900 11 LIGNIERES |
11-03-2022 → present | Belgian State Gazette |
| Curator | ALAIN LONHIENNE RUE DE L’AGNEAU 5, 4140 SPRIMONT- secretariat@lonhienne-
associes.be |
11-03-2022 → present | Belgian State Gazette |
Legal Structure
| NACE primary | 24520 |
| Legal form | Public limited company(014) |
| Incorporation | 30-11-1993 |
| Status | Active |
| Postal code | 6780 |
| First BS signal | 23-03-2022 |
| Latest BS signal | 07-07-2026 |
Company structure, linked entities
Mandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81015A2922/00B002 | Wallonia | 7.3 ha | 1 · 1.5 ha | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
07-07-2026
Bankruptcy
Bankruptcy closure (by liquidation)
2022
23-03-2022
Bankruptcy
Opening
2020
29-09-2020
NBB filing
Annual accounts filed
2019
18-07-2019
NBB filing
Annual accounts filed
18-03-2019
State Gazette act
Director changes
28-02-2019
State Gazette act
Director changes
26-02-2019
State Gazette act
Director changes
2018
01-08-2018
NBB filing
Annual accounts filed
27-02-2018
State Gazette act
Director changes
03-01-2018
State Gazette act
Capital & shares
2017
07-07-2017
NBB filing
Annual accounts filed
2016
12-07-2016
NBB filing
Annual accounts filed
2015
30-07-2015
State Gazette act
Director changes
01-07-2015
State Gazette act
Capital & shares
09-06-2015
NBB filing
Annual accounts filed
2014
11-07-2014
NBB filing
Annual accounts filed
2013
18-06-2013
NBB filing
Annual accounts filed
2012
20-06-2012
NBB filing
Annual accounts filed
2011
24-06-2011
NBB filing
Annual accounts filed
01-02-2011
State Gazette act
Capital & shares
2009
24-08-2009
State Gazette act
Director changes
2008
23-06-2008
State Gazette act
Director changes
2004
23-07-2004
State Gazette act
Capital & shares
Lifecycle & Insolvency Signals
07-07-2026
Bankruptcy
Bankruptcy closure (by liquidation)
23-03-2022
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts
Capital history · 4
03-01-2018
v3.2
01-07-2015
v3.2
01-02-2011
v3.2
23-07-2004
v3.2
All acts · 11
updated 7 years ago
2019
18-03-2019 Giuseppe Grasso appointed as managing director
- Giuseppe Grasso, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
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}28-02-2019 1 director appointed, 2 resigning
- GRASSO Giuseppe, Bestuurder
- IRION Christopher, Bestuurder
- MEIER Olaf, Bestuurder
Summary:
v3.2
Technical details
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}26-02-2019 3 directors appointed, 3 resigning
- Olaf Meier, Administrator
- Marc Zube, Administrator
- Christopher Irion, Administrator
- Jean-Marc Xhenseval, Administrator
- Fabrice Heughebaert, Administrator
- Patrick Viseur, Administrator
Summary:
v3.2
Technical details
{
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},
{
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"person": {
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"name": "Fabrice Heughebaert",
"address": null,
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},
{
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},
{
"kind": "director_in",
"role": "administrator",
"person": {
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"name": "Marc Zube",
"address": null,
"birth_date": null
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},
{
"kind": "director_in",
"role": "administrator",
"person": {
"rrn": null,
"name": "Christopher Irion",
"address": null,
"birth_date": null
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}
],
"schema": "v3.2",
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"subject_company": {
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"name_full": "MAGOLU\u0425"
}
}2018
27-02-2018 1 director appointed, 1 resigning
- Patrick Viseur, Bestuurder
- Yvan Demarche, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Yvan Demarche",
"address": null,
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}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Patrick Viseur",
"address": null,
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],
"schema": "v3.2",
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"subject_company": {
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}
}03-01-2018 Transaction in capital or shares
Summary:
v3.2
Technical details
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}
}2015
30-07-2015 2 directors appointed, 1 resigning
- M. Yvan Demarche, Bestuurder
- Deloitte SCRL, Commissaire
- W7 SPRL, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "W7 SPRL",
"address": null,
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}
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "M. Yvan Demarche",
"address": null,
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}
},
{
"kind": "director_in",
"role": "commissaire",
"person": {
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"address": null,
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}
],
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"subject_company": {
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"name_full": "Magolux"
}
}01-07-2015 Capital increase of €6,500,000 to €11,533,478.02
- €5.033.478,02 → €11.533.478,02
- Inbreng in geld · Apport en numéraire
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 11533478.02,
"delta_eur": 6500000.0,
"before_eur": 5033478.02,
"contribution_type": "geld"
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0451.293.389",
"name_full": "MAGOLUX"
}
}2011
01-02-2011 Transaction in capital or shares
Summary:
v3.2
Technical details
{
"events": [],
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},
"subject_company": {
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"name_full": "Magolux"
}
}2009
24-08-2009 3 directors appointed
- Jean-Marc Xhenseval, Bestuurder
- Sébastien Dossogne, Bestuurder
- Miguel Ugalde, Bestuurder
Summary:
v3.2
Technical details
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},
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"subject_company": {
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"name_full": "Magolux"
}
}2008
23-06-2008 1 director appointed, 1 resigning
- Didier Matriche, Auditor
- Philippe Barthélemy, Auditor
Summary:
v3.2
Technical details
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},
{
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"person": {
"rrn": null,
"name": "Philippe Barth\u00E9lemy",
"address": null,
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}
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
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"name_full": "Magolux"
}
}2004
23-07-2004 Capital increase of €198,016,521.98 to €5,033,478.02
- €203.050.000 → €5.033.478,02
- Inbreng in geld · Apport en numéraire
Summary:
v3.2
Technical details
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"after_eur": 5033478.02,
"delta_eur": -198016521.98,
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"contribution_type": "geld"
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0451.293.389",
"name_full": "MAGOLUX"
}
}Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE)
Activities
Gieten van staal24520Gieten van staal24520Gieten van staal27520Gieten van lichte metalen24530Gieten van lichte metalen24530Gieten van lichte metalen27530Groothandel in metalen en metaalertsen46720Groothandel in metalen en metaalertsen46820Groothandel in metalen en metaalertsen51520
Primary activity highlighted.
Names & trade names
| Legal nameFR | Vulcast |
Registered office
Rue de la Hart 2
6780 Messancy, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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