VLAM - N - VEST

Active

Public limited companyfounded 199927 yrs activeVlamingstraat 19, 8560 Wevelgem, BelgiumKBO/BCE: BE 0466.356.501

Summary

VLAM - N - VEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€2.5m) and a net result of -€30.4m. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 2816 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

VLAM - N - VESTActive

Risk analysis Report Compare

Activity

Activities of holding companies

NACE 64210Holdings NACE 64200Engineering and related technical consultancy, excluding land surveyors NACE 71121

#6 company by total assets in Wevelgem, Finance and insurance sector1 site

Size

€2.2mturnover 2024

Staff: 13.8 FTE
Equity: -€2.5m
Loss: -€30.4m

Financial health

Financial institution: outside the modelProbability: sector outside the model

Structure

Parent: NORMEC 1 · 100%
Board: 5 members
Holdings: 8

Auditor: BV AUDITAS ASSURANCE PARTNERSAccounts 67 d overdue

SignalsFiled after the deadlineShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

1 signal. The signal on the left, the evidence on the right.

○neutral

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

30 d late

2022

162 d late

2021

114 d late

2020

31 d late

2019

92 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

10-09-26 Resignation: Bert Defreyne (director)State Gazette act
24-02-26 Resignations: Robert Marcel Wolff (director) and…Appointment: Bert Defreyne (director)
22-12-25 Reappointment: BV AUDITAS ASSURANCE PARTNERS (statutory…State Gazette act

Key points

Risk: Negative equityfiscal year 2024: debts exceed assets -€2.5m View
Risk: 5 loss-making years in a rowloss fiscal year 2024 -€30.4m View
Caution: Result fell in 2024from -€4.4m to -€30.4m ▼ 595% View
Caution: Among the weakest 5% on solvencysector median 57.6% · 2,816 companies -3.0% View
Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
Board changedlatest change 01-07-2026 · 5 in office 1 joined · 3 left View
Controlled by NORMEC 1known shareholders 100% 100% View