Turnover
≈ €230,000 estimated
The micro format states no turnover.
V.E.S. SERVICES
Overview
Lifetime
3 annual accounts with figures on one time axispeak €58,545 (2025)
€58,545▲ 45.3%
peak €24,319 (2025)
€24,319▲ 36.0%
peak €68,116 (2025)
€68,116▲ 55.5%
€96,511▲ 59.9%
Board1 name since 2023
1 directorVANBRUAENE Mathijs Erik Filip
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €40,295 to €58,545Result from €17,877 to €24,319Equity from €43,797 to €68,116Debts from €60,344 to €96,511Cash from €15,949 to €27,883
Key points
from the 2025 annual accountsChecked score
66
Healthy
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.6%▲ +0.1 percentage points vs 03-2025
05-2025: 1.7%▲ +0.1 percentage points vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 1.1%▼ -0.7 percentage points vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026lowest value
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026
09-2026: 1.1%▼ -0.6 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €164,628
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.85, cash €27,883
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 44% of them on solvency, 30% on liquidity, 72% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as V.E.S. SERVICES has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of V.E.S. SERVICES itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for V.E.S. SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.85 (0.39 in 2024), below 1. Short-term debt is 58.6% and cash 16.9% of total assets. 58.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
28 days late
2024
7 days early
2023
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 1 day after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Security firm approval (camera systems) granted
Decision of 12-09-2023, published on 30-05-2024
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801892565
Incorporation
Appointment: VANBRUAENE Mathijs Erik Filip (statutory director) · Founder: VANBRUAENE Mathijs Erik Filip · Founding capital of €3,000 · published on 22-05-2023 · Gazette deed
First establishment
Kapellestraat 53, Ardooie
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| V.E.S. SERVICES Ardooie | €164,628 | €58,545 | 41.4% | - |
| NYS Kortrijk | €154,810 | €55,454 | 31.5% | - |
| WDElectric Roeselare | €176,125 | €55,420 | 80.8% | - |
| PROJECT H Beernem | €163,913 | €52,492 | 79.7% | - |
| ESTHECH Jabbeke | €139,997 | €55,554 | 44.1% | - |
| Declercq Hans Wervik | €138,473 | €59,104 | 51.9% | - |
| Verduyn Dieter Beernem | €185,227 | €65,626 | 58.5% | - |
These companies have the same main activity as V.E.S. SERVICES: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €138,000 and €185,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 17-05-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.345.959.4508851 Ardooie, since 17-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €58,545▲ 45.3%
- €24,319▲ 36.0%
- €68,116▲ 55.5%
- €164,628▲ 58.1%
- Filing
- Filed on 28-08-2026
Insights on V.E.S. SERVICES
V.E.S. SERVICES files the micro format. That format states no turnover. The gross margin rose from €32,584 in 2023 to €58,545 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€58,545
▲ 45.3%
€33,694
▲ 41.8%
€24,319
▲ 36.0%
-€14,870
▲ €21,934
41.4%
▼ 0.7 percentage points
0.85
▲ 0.46
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €140,000 and €360,000.
Balance sheet
balance sheet total €164,628 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
41.4%
Higher than 44% of 35,136 companies in 2025.
0.85
Higher than 16% of 34,510 companies in 2025.
14.8%
Higher than 69% of 34,711 companies in 2025.
V.E.S. SERVICES
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
164,628 | 104,141 | 56,328 | |
21/28 |
82,987 | 80,601 | 32,068 | |
22/27 |
82,987 | 80,601 | 32,068 | |
23 |
60,742 | 49,466 | - | |
24 |
22,245 | 31,135 | 32,068 | |
29/58 |
81,641 | 23,540 | 24,259 | |
3 |
- | - | 1,112 | |
30/36 |
- | - | 1,112 | |
40/41 |
51,430 | 5,575 | 14,323 | |
40 |
49,957 | 5,467 | 9,937 | |
41 |
1,473 | 108 | 4,386 | |
54/58 |
27,883 | 15,949 | 7,171 | |
490/1 |
2,328 | 2,016 | 1,653 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
164,628 | 104,141 | 56,328 | |
10/15 |
68,116 | 43,797 | 25,921 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
65,116 | 40,797 | 22,921 | |
133 |
65,116 | 40,797 | 22,921 | |
17/49 |
96,511 | 60,344 | 30,407 | |
42/48 |
96,511 | 60,344 | 30,407 | |
44 |
9,011 | 111 | 1,545 | |
440/4 |
9,011 | 111 | 1,545 | |
45 |
16,829 | 4,362 | 8,078 | |
450/3 |
15,229 | 2,762 | 8,078 | |
454/9 |
1,600 | 1,600 | - | |
47/48 |
70,671 | 55,871 | 20,784 | |
| Income statement | ||||
9900 |
58,545 | 40,295 | 32,584 | |
630 |
24,411 | 14,264 | 232 | |
631/4 |
- | 800 | - | |
640/8 |
441 | 1,472 | 1,384 | |
9901 |
33,694 | 23,758 | 30,968 | |
75/76B |
77 | 2 | - | |
75 |
77 | 2 | - | |
65/66B |
73 | 217 | 33 | |
65 |
73 | 217 | 33 | |
9903 |
33,698 | 23,543 | 30,935 | |
67/77 |
9,379 | 5,666 | 8,014 | |
9904 |
24,319 | 17,877 | 22,921 | |
9905 |
24,319 | 17,877 | 22,921 | |
| Appropriation of the result | ||||
9906 |
24,319 | 17,877 | 22,921 | |
691/2 |
24,319 | 17,877 | 22,921 | |
6921 |
24,319 | 17,877 | 22,921 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439565.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 58,104 | 38,023 | 31,199 | ||
| 48,729 | 32,141 | 23,153 | ||
| 26,796 | 62,797 | 32,300 | ||
| 11,934 | 8,778 | - | ||
| -14,870 | -36,804 | -6,147 | ||
| 41.4% | 42.1% | 46.0% | ||
| 0.85 | 0.39 | 0.80 | ||
| 0.85 | 0.39 | 0.76 | ||
| 1.42 | 1.38 | 1.17 | ||
| 35.7% | 40.8% | 88.4% | ||
| 14.8% | 17.2% | 40.7% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €26,796 | €62,797 | €32,300 |
| €24,411 | €14,264 | €232 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on V.E.S. SERVICES
The operating result for 2025 is 42% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 57.9% to 58.6%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationStatutory director
since 17-05-2023
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “2. Het bestuursorgaan of het orgaan van dagelijks bestuur mag bijzondere machten toekennen aan lasthebbers; zij bepalen de wedde of…”deed of 22-05-2023
Mandates through the years
1 name, the dashed line is todayVANBRUAENE Mathijs Erik Filip
Statutory director
Statutory director
Board
Mandates as a list
- VANBRUAENE Mathijs Erik Filip
- Statutory director, from 17-05-2023 to date
Control
Founder
This company
V.E.S. SERVICES
Equity €68,116
Profit €24,319 in 2025
Capital
- Contribution
- €3,000
- Source
- deed of 22-05-2023
Articles of association
deed of 22-05-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Het mandaat van bestuurder wordt niet bezoldigd, tenzij door de algemene vergadering anders wordt beslist”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 14:00
Shareholders
At incorporation
deed of 22-05-2023 ↗
- VANBRUAENE Mathijs Erik Filip €3,000 in cash
Network & group
No group
V.E.S. SERVICES has no parent and no holdings in its annual accounts. VANBRUAENE Mathijs Erik Filip is the only director.
At the same address
Kapellestraat 53, 8851 Ardooie · 2 other companies| VANDEVAR
registered office since 18-05-2006 · founded in 2006 |
total assets €246,785 (2025) 0881.065.846 |
| De Waele, Kristine (sole trader)
establishment since 01-07-2009 |
founded in 1997 0791.073.701 |
Earlier ties
| Eventador via Vanbruaene Mathijs, no longer at Eventador · Manager · deed of 10-05-2021 |
founded in 2021 |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
8 events since 2023Filings
Financial
Permits
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Highest result from 2023 to 2025 net €24,319 ▲36% The operating result of €33,694 and the net result of €24,319 are both a record.
Annual accounts 2024 filed PDFmicro format · 7 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 19 days before the deadline
2023
Security firm approval (camera systems) granted GazetteDecision of 12-09-2023, published on 30-05-2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801892565
IncorporationAppointment: VANBRUAENE Mathijs Erik Filip (statutory director) · Founder: VANBRUAENE Mathijs Erik Filip · Founding capital of €3,000 · published on 22-05-20233 points ▸
- Founder, VANBRUAENE Mathijs Erik Filip
- Director appointment, VANBRUAENE Mathijs Erik Filip (statutory director)
- Founding capital, €3,000
First establishment Kapellestraat 53, Ardooie
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 17 May 2023, V.E.S. SERVICES was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 VANBRUAENE Mathijs Erik Filip has served as statutory director since 2023.3 Total assets went from €56,328 in 2023 to €164,628 in 2025.4
Company details
Identity
- Enterprise number
- 0801.892.565
- VAT number
- BE 0801.892.565
- Peppol ID
- 0208:0801892565
- Other Peppol ID
- 9925:BE0801892565
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-05-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 14:00deed of 22-05-2023 (in Dutch)
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- V.E.S. SERVICES in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-05-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Kapellestraat 53, 8851 Ardooie (Koolskamp)”deed of 22-05-2023 (in Dutch)
Activities
NACEBEL 202543211
General electrical installation work main activity
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
90023
Arts creation and performing arts activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitbaten van een onderneming van elektrotechnisch installateur, fabricage en installeren van alarminstallaties voor brand, inbraak…”deed of 22-05-2023 (in Dutch)
8 activities
- Het uitbaten van een onderneming van elektrotechnisch installateur, fabricage en installeren van alarminstallaties voor brand, inbraak, overval, camerabewakingssystemen, toegangscontrolesystemen;
- De handel in alle elektriciteits-, gas- en verlichtingsartikelen, huishoudelijke toestellen, keuken en aanverwante artikelen en toebehoren, radio-, televisie- en andere toestellen, kluizen en brandblusmateriaal, beveiligingsmateriaal;
- De aan- en verkoop, in- en uitvoer, commissiehandel, verdeling en vertegenwoordiging van om het even welke goederen, in het kort tussenpersonen in de handel;
- Groot- en kleinhandel, verhuur, montage en onderhoud van geluidsapparatuur, video- en lichtinstallaties en onderdelen, geluidsisolatie en –technieken, hoogfrequentietechnieken en interfonie, stroomgeneratoren, meubilair, decoratieve verlichting en akoestische studies.
- Het ontwerpen en vervaardigen van audio-, video- en lichtmateriaal en –benodigdheden;
- Het verstrekken van diensten in verband met klank en licht zoals onder meer alle diensten die een diskjockey verstrekt;
- Het management van groepen (projecten), onderneming voor de toelevering van goederen en diensten aan de audio- en audiovisuele sector, onderneming voor geluidsopname, handel in artikelen voor muziek, produceren en uitgeven van platen en muziek voor eigen rekening en voor derden, artiestenbureau en organisatie van acts, verdelen van muziek via internet, verhuring van materieel. Verkoop van alle roerende goederen, waaronder cd’s, platen of via Internet;
- Uitbaten van restaurant, café, cafétaria;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kapellestraat 53 registered office 8851 Ardooie | 17-05-2023 | 2.345.959.450 |
Buildings and parcels at the address
- Ground area
- 1,353 m²
- Buildings
- 126 m²
- Volume, LiDAR
- 538 m³
- Tallest building
- 5.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37005A0652/00A002 | 1,352 m² | 1 · 126 m² | 5.9 m · 1 |
Recognitions
Licences in the Official Gazette
1 publicationSecurity firm approval (camera systems)
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0801.892.565