V.T.O.
ActiveSummary
V.T.O. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €-9k. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-5
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.6 in 2024; short-term debt: 19.3% and cash: 6% of total assets), and 19.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 filingsDeviation from the deadline
2025
11 d late
2024
33 d late
2023
1 d early
2022
5 d early
2021
22 d late
2020
32 d late
2019
17 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€113k▼ 7.0%
2024 · €122k
2018: €138k
2019: €133k
2020: €131k
2021: €131k
2022: €130k
2023: €128k
2024: €122k
2018 → 2025
Total assets
€140k▲ 1.1%
2024 · €139k
2018: €155k
2019: €150k
2020: €148k
2021: €148k
2022: €147k
2023: €145k
2024: €139k
2018 → 2025
Net result
€-9k▼ 43.3%
2024 · €-6k
2018: €-2k
2019: €-5k
2020: €-1k
2021: €-832
2022: €-733
2023: €-2k
2024: €-6k
2018 → 2025
Working capital
€-15k▼ 124%
2024 · €-7k
2018: €10k
2019: €4k
2020: €3k
2021: €2k
2022: €1k
2023: €-925
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€130k▼ 0.6%€128k▼ 1.8%€122k▼ 4.7%€113k▼ 7.0%
Operating result€-642-€-525▲ 18.1%€-2k▼ 246%€-5k▼ 200%€-864▲ 84.2%
Net result€-832-€-733▲ 11.9%€-2k▼ 211%€-6k▼ 160%€-9k▼ 43.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €864 in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€128k =
Current assets
€12k ▲ 14.5%
Equity and liabilities €140k
Equity
€113k ▼ 7.0%
Debt
€27k ▲ 58.6%
Debt's share of the balance-sheet total rises from 12.3% to 19.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.43▼
2024 · 0.60
Debt to equity
0.24▲
2024 · 0.14
ROE
-7.5%▼
2024 · -4.9%
ROA
-6.1%▼
2024 · -4.3%
Debt ≤ 1 year
€27k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€139k€140k▲
Fixed assets21/28€128k€128k=
Tangible fixed assets22/27€128k€128k=
Other tangible fixed assets26€128k€128k=
Current assets29/58€10k€12k▲
Amounts receivable within one year40/41€4k€3k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€139k€140k▲
Equity10/15€122k€113k▼
Contributions10/11€654k€654k=
Revaluation surpluses12€126k€126k=
Reserves13€54k€54k=
Non-distributable reserves130/1€54k€54k=
Reserves not available under the articles1311€54k€54k=
Profit (loss) carried forward14€-712k€-720k▼
Amounts payable17/49€17k€27k▲
Amounts payable within one year42/48€17k€27k▲
Other amounts payable47/48€17k€27k▲
Income statement
Code20242025
Other operating charges640/8€590€864▲
Gross operating margin9900€-5k-
Operating profit (loss)9901€-5k€-864▲
Financial income75/76B-€285k
Recurring financial income75-€285k
Non-recurring financial income76B-€285k
Financial charges65/66B€490€293k▲
Recurring financial charges65€490€490=
Non-recurring financial charges66B-€292k
Profit (loss) for the period before taxes9903€-6k€-9k▼
Profit (loss) for the period9904€-6k€-9k▼
Profit (loss) for the period to be appropriated9905€-6k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-712k€-720k▼
Profit (loss) brought forward from the previous period14P€-706k€-712k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 41 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Geel · 1 establishment unit since 1990
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.
Meerhoutseweg 862440 GeelGround area
1,611 m²
Building footprint
311 m²
Volume, LiDAR
1,577 m³
Parcel 13008I1526/00X003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.T.O. CVA
since 19902.047.948.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008I1526/00X003 | Flanders | 1,611 m² | 1 · 311 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-1990
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.