Financials
- Fiscal year
- 2025
- Turnover
- €107.7m
- Profit
- €8.3m
- Solvency
- 16.0%
Turnover▲ 11.0%
Net result
20182025
VIGO
ActiveSummary
VIGO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.9m and a net result of €8.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Manufacture of medical and dental instruments and supplies
NACE 32500NACE 33103
#1 employer in East Flanders, Other manufacturing sector18 sites
Size
€107.7mturnover 2025
- Staff
- 516 FTE
- Equity
- €10.9m
- Profit
- €8.3m
Structure
- Parent
- V!GO International · 100%
- Board
- 7 members
- Holdings
- 1
Auditor: KPMGAccounts 49 d early
Why 83- Liquidity: current ratio 1.42, cash €1.7m- Equity €10.9m (16.0% of total assets)- Size: turnover €107.7m, 516 FTE, total assets €68.1m+ Founded in 1991Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 42% of its sector peers (NACE 32)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
41=
equity 16.0% of total assets
Liquidity
26+19
short-term debt 53.1% · cash 2.6%
Profitability
83-5
return on assets 12.1%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%▼ -4.0% vs 01-2025lowest value
03-2025: 0.2%▲ +1.8% vs 02-2025
04-2025: 0.2%▲ +2.3% vs 03-2025
05-2025: 0.2%▲ +5.1% vs 04-2025
06-2025: 0.2%▲ +3.2% vs 05-2025
07-2025: 0.4%▲ +109% vs 06-2025
08-2025: 0.4%● 0.0% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▼ -3.8% vs 01-2026
03-2026: 0.4%▲ +1.6% vs 02-2026
04-2026: 0.4%▲ +2.1% vs 03-2026
05-2026: 0.4%▲ +1.8% vs 04-2026
06-2026: 0.4%▲ +2.5% vs 05-2026highest value
07-2026: 0.4%▼ -4.3% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Liquidity: current ratio 1.42, cash €1.7m raises the probability
- Equity €10.9m (16.0% of total assets) raises the probability
- Size: turnover €107.7m, 516 FTE, total assets €68.1m raises the probability for this profile
- Founded in 1991 lowers the probability for this profile
Credit up to €900,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 0.89 in 2024; short-term debt: 53.1% and cash: 2.6% of total assets), and 84% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 32). Better than this share of them on solvency 17%, liquidity 20%, profitability 67%, growth against the median 66%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 139 sector peers (2025).
NBB · sector comparisonPosition among 139 sector peers
Solvency
better than 17%
← 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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
38 d early
2023
37 d early
2022
33 d early
2021
54 d early
2020
60 d early
2019
51 d 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 46 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Permanent representative: Wim HeyndrickxAppointment: KPMG (statutory auditor) ·…
- Annual accounts filedfiscal year 2025 · full…
- Reappointments: M.M.C.BV, S.VANHECKEBV and 2 othersPermanent representatives: MichielMeerbergen, SteveVanHecke and…
Key points
- Positive: Employer in East Flanders, Other manufacturing sectorin the Checked rankings #1 View
- Positive: 5 years of growth in a rowturnover 2025: €107.7m 5 years View
- 2 restructurings since 2025latest: merger with DEMOLDER ORTHOS 2 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by V!GO Internationalultimately: NADER HOLDING GMBH &… 100% View
- Flemish supportawarded 2022 - 2025 €750,753 View
By topic
Board & ownership
- Board
- 7 members
- Parent
- V!GO International · 100%
- Auditor
- KPMG
Go to Board & ownership
Network & group
- Group
- NADER HOLDING GMBH &…
- Subsidiaries
- 1
- Connected companies
- 7
- Mergers and contributions
- 12
1 subsidiary
Timeline
- Events
- 64
- Since
- 2004
- Next accounts
- by 31-07-2027
- 19-08-2026Permanent representative: Wim Heyndrickx
- 12-06-2026Annual accounts filed
- 19-03-2026Reappointments: M.M.C.BV, S.VANHECKEBV and 2 others
Company details
- Sites
- 18
- Legal form
- Public limited company
- Activity
- Manufacture of medical and dental instruments and suppliesNACE 32500
- Founded
- 12-06-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft tot voorwerp voor eigen rekening of voor rekening van derden, in…
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