Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vincere Insieme from Zwevegem, company number BE0639993132, closed financial year 2025 with a result of € 2,806 after tax. For that financial year Vincere Insieme recorded a gross margin of € 21,993 and equity of € 2,532. Compared with financial year 2024, the result moved from € 1,712 to € 2,806. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 2,532
▲ € 2,806 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,806
▲ 64% vs 2024
Profit after tax over the fiscal year.
€ 895
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -22,468.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 163,019
▼ 10% vs 2024
€ 17,971 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 197
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,672 | € 19,985 | € 20,860 | € 21,993 | ▲ 5% |
| Profit after taxes | € 1,072 | € 3,464 | € 1,712 | € 2,806 | ▲ 64% |
| Equity | € -5,450 | € -1,986 | € -273 | € 2,532 | ▲ € 2,806 |
| Total debts | € 346,390 | € 334,701 | € 325,438 | € 313,754 | ▼ 4% |
| Cash | € 1,110 | € 716 | € 1,010 | € 895 | ▼ 11% |
| Land & buildings | € 338,803 | € 330,915 | € 323,026 | € 315,138 | ▼ 2% |
| Retained profit | € -30,450 | € -26,986 | € -25,273 | € -22,468 | ▲ € 2,806 |
| Bank debt | € 215,447 | € 197,590 | € 180,457 | € 163,019 | ▼ 10% |
| Balance sheet total | € 340,940 | € 332,715 | € 325,165 | € 316,286 | ▼ 3% |
Key figures of Vincere Insieme, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Vincere Insieme?
What happened at Vincere Insieme in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,806 (▲ 64% vs 2024). Source: NBB ↗
- VIRGINIE VANGHELUWE became a director. NBB
- New establishment in Zwevegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,072 profit in 2022 to € 2,806 profit in 2025.
Best year ever: 2023, with € 3,464 profit.
Management
The stake of Salmanazar comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vincere InsiemeBehind Vincere Insieme is VIRGINIE VANGHELUWE. The shares are held by Salmanazar (100%).
Directors
According to the 2025 annual accounts
VIRGINIE VANGHELUWE
Director
Also active at: WATERPAS, Salmanazar, Bruce Wayne, Demolar, CAUSA FINITA, VICASA, GENTIEL
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Comminnestraat(M) 12
8552 Zwevegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →WATERPAS same network
€ 17,414 gross margin · 2025
Salmanazar same network
€ -7,042 gross margin · 2025
Bruce Wayne same network
€ -16,344 gross margin · 2025
Eddie Wollie
€ 51,336 gross margin · 2025
Demolar same network
€ 89,561 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0639.993.132
- VAT number
- BE 0639.993.132
- Registered office
- Comminnestraat(M) 12, 8552 Zwevegem
- Names & denominations
- Vincere Insieme
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2015
- Peppol
- Active · Active since 2 Jan 2026