VYNCKE
ActiveSummary
VYNCKE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.28M and a net result of €4.06M. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 14% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+1
Solvency32▼-2
Growth72▼-4
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.16 in 2024; short-term debt: 86.3% and cash: 22% of total assets), and 92.6% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
7.4%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 728 sector peers (2025).
NBB · sector comparisonPosition among 728 sector peers
Solvency
better than 14%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
22 d early
2022
32 d early
2021
18 d early
2020
18 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€152.56M▼ 10.8%
2024 · €171.06M
2018: €85.55M
2019: €134.12M
2020: €105.31M
2021: €106.43M
2022: €111.77M
2023: €193.67M
2024: €171.06M
2018 → 2025
EBIT margin
2.4%▲ 0.5pp
2024 · 1.9%
2018: 6.3%
2019: 3.2%
2020: 6.8%
2021: 6.3%
2022: 1.3%
2023: 4.6%
2024: 1.9%
2018 → 2025
Net result
€4.06M▲ 5.1%
2024 · €3.87M
2018: €2.74M
2019: €1.01M
2020: €5.71M
2021: €5.68M
2022: €1.36M
2023: €8.76M
2024: €3.87M
2018 → 2025
Working capital
€25.91M▲ 7.0%
2024 · €24.21M
2018: €15.10M
2019: €20.47M
2020: €17.22M
2021: €18.80M
2022: €23.77M
2023: €29.00M
2024: €24.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€106.43M-€111.77M▲ 5.0%€193.67M▲ 73.3%€171.06M▼ 11.7%€152.56M▼ 10.8%
Equity€15.33M-€15.34M▲ 0.1%€15.35M▲ 0.1%€15.21M▼ 0.9%€15.28M▲ 0.4%
Operating result€6.67M-€1.45M▼ 78.2%€8.82M▲ 508%€3.25M▼ 63.1%€3.60M▲ 10.5%
Net result€5.68M-€1.36M▼ 76.1%€8.76M▲ 544%€3.87M▼ 55.9%€4.06M▲ 5.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205.63M
Fixed assets
€2.26M ▲ 8.9%
Current assets
€203.38M ▲ 15.7%
Equity and liabilities €205.63M
Equity
€15.28M ▲ 0.4%
Provisions
€4.04M ▲ 7.0%
Debt
€186.32M ▲ 17.2%
Debt's share of the balance-sheet total rises from 89.3% to 90.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.03M▲
2024 · €3.60M
Cash flow
€4.50M▲
2024 · €4.21M
Current ratio
1.15▼
2024 · 1.16
Quick ratio
1.08▼
2024 · 1.11
Debt to equity
12.19▲
2024 · 10.45
ROE
26.6%▲
2024 · 25.4%
ROA
2.0%▼
2024 · 2.2%
Interest coverage
13.90▼
2024 · 25.00
Debt ≤ 1 year
€177.46M▲
2024 · €151.64M
Income taxes
€38k▼
2024 · €436k
Staff costs
€18.81M▲
2024 · €16.55M
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 · 87 lines
Balance sheet
Code20242025
Assets
Total assets20/58€177.92M€205.63M▲
Fixed assets21/28€2.07M€2.26M▲
Intangible fixed assets21€82k€78k▼
Tangible fixed assets22/27€1.89M€2.08M▲
Land and buildings22€1.65M€1.77M▲
Plant, machinery and equipment23€215k€300k▲
Furniture and vehicles24€17k€8k▼
Financial fixed assets28€103k€103k=
Other financial fixed assets284/8€103k€103k=
Shares284€100k€100k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€175.85M€203.38M▲
Amounts receivable after more than one year29€200k€0▼
Other amounts receivable291€200k€0▼
Stocks and contracts in progress3€7.74M€11.68M▲
Stocks30/36€7.44M€11.63M▲
Raw materials and consumables30/31€1.36M€1.43M▲
Work in progress32-€170
Goods purchased for resale34€6.08M€10.20M▲
Contracts in progress37€297k€49k▼
Amounts receivable within one year40/41€65.38M€67.09M▲
Trade receivables40€62.37M€63.16M▲
Other amounts receivable41€3.01M€3.93M▲
Current investments50/53€69.27M€78.34M▲
Other investments51/53€69.27M€78.34M▲
Cash at bank and in hand54/58€31.98M€45.28M▲
Deferred charges and accrued income490/1€1.28M€993k▼
Equity and liabilities
Total equity and liabilities10/49€177.92M€205.63M▲
Equity10/15€15.21M€15.28M▲
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Reserves13€891k€891k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€842k€842k=
Profit (loss) carried forward14€13.83M€13.89M▲
Provisions and deferred taxes16€3.77M€4.04M▲
Provisions for liabilities and charges160/5€3.77M€4.04M▲
Other liabilities and charges164/5€3.77M€4.04M▲
Amounts payable17/49€158.94M€186.32M▲
Amounts payable within one year42/48€151.64M€177.46M▲
Trade debts44€24.91M€28.08M▲
Suppliers440/4€24.91M€28.08M▲
Advances received on contracts in progress46€116.62M€140.53M▲
Taxes, remuneration and social security45€6.08M€4.82M▼
Taxes450/3€3.72M€1.90M▼
Remuneration and social security454/9€2.35M€2.92M▲
Other amounts payable47/48€4.03M€4.03M▼
Accrued charges and deferred income492/3€7.30M€8.85M▲
Income statement
Code20242025
Operating income70/76A€158.08M€151.73M▼
Turnover70€171.06M€152.56M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-15.00M€-2.38M▲
Other operating income74€2.02M€1.54M▼
Non-recurring operating income76A€1k€0▼
Operating charges60/66A€154.82M€148.13M▼
Goods for resale, raw materials and consumables60€111.89M€96.10M▼
Purchases600/8€108.63M€100.22M▼
Change in stocks: decrease (increase)609€3.27M€-4.12M▼
Services and other goods61€27.26M€31.21M▲
Remuneration, social security and pensions62€16.55M€18.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€347k€434k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€419k€1.09M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-1.67M€264k▲
Other operating charges640/8€25k€217k▲
Operating profit (loss)9901€3.25M€3.60M▲
Financial income75/76B€1.85M€2.24M▲
Recurring financial income75€1.85M€2.24M▲
Income from financial fixed assets750€2k€0▼
Income from current assets751€1.46M€1.66M▲
Other financial income752/9€389k€575k▲
Financial charges65/66B€800k€1.73M▲
Recurring financial charges65€800k€1.73M▲
Debt charges650€144k€290k▲
Other financial charges652/9€656k€1.44M▲
Profit (loss) for the period before taxes9903€4.30M€4.10M▼
Income taxes67/77€436k€38k▼
Taxes670/3€447k€369k▼
Tax adjustments and reversals of tax provisions77€11k€331k▲
Profit (loss) for the period9904€3.87M€4.06M▲
Profit (loss) for the period to be appropriated9905€3.87M€4.06M▲
Appropriation of the result
Profit (loss) to be appropriated9906€17.83M€17.89M▲
Profit (loss) brought forward from the previous period14P€13.96M€13.83M▼
Profit to be distributed694/7€4.00M€4.00M=
Return on contributions (dividend)694€800k€800k=
Directors or managers695€3.20M€3.20M=
Social balance
Average headcount (FTE)9087153.9170.2▲
The notes to these accounts (64 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €8.76M ▲544%
Operating result €8.82M, net result €8.76M, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €1.01M ▼63.2%
Net result drops to €1.01M, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
24 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, Harelbeke · 1 establishment unit since 1992
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.
Gentsesteenweg 2248530 HarelbekeGround area
8,759 m²
Building footprint
6,449 m²
Volume, LiDAR
55,067 m³
Parcel 34323D1598/00Z000, Flanders · tallest building 59.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VYNCKE
since 19922.058.224.192
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1598/00Z000 | Flanders | 8,759 m² | 1 · 6,449 m² | 59.9 m · 3 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
European research
1 projectProgrammes
Horizon Europe
Projects
UPscaling deep conversion routes for hard-to-reCYCLE biogenic waste
Recognitions · licences · registrations
Legal Entity Identifier
5493002GTF0NOZT4MG17
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 549 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
Founded23-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25210Manufacture of fabricated metal products, except machinery and equipment
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.