V.T.
ActiveSummary
V.T. has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,482 and a net result of €11,604. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 20.16 against 14.73 in 2024; short-term debt: 4.9% and cash: 82.5% of total assets), and 4.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.1%
Return on assets
14.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
58 d early
2023
56 d early
2022
53 d early
2021
24 d early
2020
46 d early
2019
28 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 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 8 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€75,482▲ 18.2%
2024 · €63,878
Total assets
€79,408▲ 15.9%
2024 · €68,532
Net result
€11,604▲ 24.4%
2024 · €9,326
Working capital
€75,207▲ 17.7%
2024 · €63,878
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,711▼ 19.3%€16,903▲ 119%€11,683▼ 30.9%€9,341▼ 20.0%€11,588▲ 24.1%
Net result€7,535within the sector's middle half▼ 18.7%€16,709within the sector's middle half▲ 122%€11,552within the sector's middle half▼ 30.9%€9,326within the sector's middle half▼ 19.3%€11,604within the sector's middle half▲ 24.4%
Equity€26,291within the sector's middle half▲ 40.2%€43,000within the sector's middle half▲ 63.6%€54,552within the sector's middle half▲ 26.9%€63,878within the sector's middle half▲ 17.1%€75,482within the sector's middle half▲ 18.2%
Total assets€33,578below the sector's middle half▼ 9.1%€68,304within the sector's middle half▲ 103%€59,410within the sector's middle half▼ 13.0%€68,532within the sector's middle half▲ 15.4%€79,408within the sector's middle half▲ 15.9%
Debt€7,287▼ 59.9%€25,304▲ 247%€4,858▼ 80.8%€4,654▼ 4.2%€3,926▼ 15.6%
Working capital€24,122within the sector's middle half▲ 34.6%€41,652within the sector's middle half▲ 72.7%€53,975within the sector's middle half▲ 29.6%€63,878within the sector's middle half▲ 18.3%€75,207within the sector's middle half▲ 17.7%
Solvency78.3%above the sector's middle half▲ 27.5pp63.0%above the sector's middle half▼ 15.3pp91.8%above the sector's middle half▲ 28.9pp93.2%above the sector's middle half▲ 1.4pp95.1%above the sector's middle half▲ 1.8pp
Current ratio4.31above the sector's middle half▲ 2.322.65within the sector's middle half▼ 1.6612.11above the sector's middle half▲ 9.4614.73above the sector's middle half▲ 2.6120.16above the sector's middle half▲ 5.43
Return on assets (ROA)22.4%above the sector's middle half▼ 2.7pp24.5%above the sector's middle half▲ 2.0pp19.4%above the sector's middle half▼ 5.0pp13.6%above the sector's middle half▼ 5.8pp14.6%above the sector's middle half▲ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,408
Fixed assets
€275
Current assets
€79,133
Equity and liabilities €79,408
Equity
€75,482 ▲ 18.2%
Debt
€3,926 ▼ 15.6%
Debt's share of the balance-sheet total falls from 6.8% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,725▲
2024 · €9,918
Cash flow
€11,741▲
2024 · €9,903
Quick ratio
19.36▲
2024 · 13.88
Debt to equity
0.05▼
2024 · 0.07
ROE
15.4%▲
2024 · 14.6%
Interest coverage
68.17▲
2024 · 54.20
Debt ≤ 1 year
€3,926▼
2024 · €4,654
Income taxes
€59▼
2024 · €71
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €645 | €1,151 | €771 | €577 | €137 | ▼ 76.3% |
| Other operating charges640/8 | €664 | €627 | €645 | €664 | €796 | ▲ 19.9% |
| Gross operating margin9900 | €9,020 | €18,681 | €13,099 | €10,582 | €12,521 | ▲ 18.3% |
| Operating profit (loss)9901 | €7,711 | €16,903 | €11,683 | €9,341 | €11,588 | ▲ 24.1% |
| Financial income75/76B | €3 | - | €56 | €239 | €247 | ▲ 3.3% |
| Recurring financial income75 | €3 | - | €56 | €239 | €247 | ▲ 3.3% |
| Financial charges65/66B | €179 | €194 | €173 | €183 | €172 | ▼ 6.0% |
| Recurring financial charges65 | €179 | €194 | €173 | €183 | €172 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €7,535 | €16,709 | €11,566 | €9,397 | €11,663 | ▲ 24.1% |
| Income taxes67/77 | - | - | €14 | €71 | €59 | ▼ 16.9% |
| Profit (loss) for the period9904 | €7,535 | €16,709 | €11,552 | €9,326 | €11,604 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €7,535 | €16,709 | €11,552 | €9,326 | €11,604 | ▲ 24.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,578 | €68,304 | €59,410 | €68,532 | €79,408 | ▲ 15.9% |
| Fixed assets21/28 | €2,169 | €1,348 | €577 | - | €275 | - |
| Tangible fixed assets22/27 | €2,169 | €1,348 | €577 | - | €275 | - |
| Furniture and vehicles24 | €2,169 | €1,348 | €577 | - | €275 | - |
| Current assets29/58 | €31,409 | €66,956 | €58,833 | €68,532 | €79,133 | ▲ 15.5% |
| Stocks and contracts in progress3 | €5,268 | €5,663 | €4,258 | €3,942 | €3,122 | ▼ 20.8% |
| Stocks30/36 | €5,268 | €5,663 | €4,258 | €3,942 | €3,122 | ▼ 20.8% |
| Amounts receivable within one year40/41 | €5,206 | €16,357 | €4,805 | €8,670 | €10,532 | ▲ 21.5% |
| Trade receivables40 | €4,625 | €16,113 | €4,805 | €8,670 | €10,532 | ▲ 21.5% |
| Other amounts receivable41 | €581 | €244 | - | - | - | - |
| Cash at bank and in hand54/58 | €20,935 | €44,936 | €49,770 | €55,920 | €65,479 | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,578 | €68,304 | €59,410 | €68,532 | €79,408 | ▲ 15.9% |
| Equity10/15 | €26,291 | €43,000 | €54,552 | €63,878 | €75,482 | ▲ 18.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €28,508 | - | - | - | - | - |
| Uncalled capital101 | €9,916 | - | - | - | - | - |
| Reserves13 | €335,044 | €335,044 | €335,044 | €335,044 | €335,044 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €333,185 | €333,185 | €333,185 | €333,185 | €333,185 | = |
| Profit (loss) carried forward14 | -€327,345 | -€310,636 | -€299,084 | -€289,758 | -€278,154 | ▲ 4.0% |
| Amounts payable17/49 | €7,287 | €25,304 | €4,858 | €4,654 | €3,926 | ▼ 15.6% |
| Amounts payable within one year42/48 | €7,287 | €25,304 | €4,858 | €4,654 | €3,926 | ▼ 15.6% |
| Trade debts44 | €3,164 | €19,322 | €911 | €873 | €280 | ▼ 67.9% |
| Suppliers440/4 | €3,164 | €19,322 | €911 | €873 | €280 | ▼ 67.9% |
| Taxes, remuneration and social security45 | €1,253 | €3,279 | €1,414 | €1,419 | €1,454 | ▲ 2.5% |
| Taxes450/3 | €1,253 | €3,279 | €1,414 | €1,419 | €1,454 | ▲ 2.5% |
| Other amounts payable47/48 | €2,870 | €2,703 | €2,533 | €2,362 | €2,192 | ▼ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,535 | €16,709 | €11,552 | €9,326 | €11,604 | ▲ 24.4% |
| + Depreciation and write-downs630 | €645 | €1,151 | €771 | €577 | €137 | ▼ 76.3% |
| Operating cash flow (approximation) | €8,180 | €17,860 | €12,323 | €9,903 | €11,741 | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | -€330 | €0 | - | - | - |
| Change in cash | - | €24,001 | €4,834 | €6,150 | €9,559 | ▲ 55.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 12.11
Current ratio from 2.65 to 12.11; short-term debt falls from €25,304 to €4,858.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16,709 ▲122%
Operating result €16,903, net result €16,709, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.31
Current ratio from 1.99 to 4.31; short-term debt falls from €18,166 to €7,287.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Eupen · 1 establishment unit since 1984
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.
Buchenweg 284700 Eupen1 establishment unit
Buchenweg 28, 4700 Eupen
since 19842.023.773.950
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Of 2,335 companies in sector 47251 we hold annual accounts for 422. 311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-1984
Fiscal year end31-12
Activities, NACEBEL 2025
47251Retail sale of wines and spirits
46341Wholesale of wines and spirits
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425213752
Also
9925:BE0425213752
Registered
09-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.