V-TECH
ActiveSummary
V-TECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,715 and a net result of -€18,526. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-9
Solvency70▲+7
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.5 in 2024; short-term debt: 34.8% and cash: 25% of total assets), but 54.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
159 d late
2023
31 d late
2022
35 d early
2021
2 d early
2020
24 d early
2019
19 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€415,407▼ 28.4%
2019 · €580,478
EBIT margin
8.3%▲ 0.4pp
2019 · 7.9%
Net result
-€18,526
2024 · €4,670
Working capital
€83,016▼ 18.2%
2024 · €101,437
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€25,830▼ 25.3%€36,251▲ 40.3%€28,858▼ 20.4%€9,697▼ 66.4%-€10,271
Net result€14,841▼ 34.5%€24,758▲ 66.8%€53,881▲ 118%€4,670▼ 91.3%-€18,526
EBIT margin
Equity€172,646▼ 19.7%€168,833▼ 2.2%€165,571▼ 1.9%€170,241▲ 2.8%€151,715▼ 10.9%
Total assets€446,930▲ 0.6%€447,554▲ 0.1%€567,979▲ 26.9%€451,647▼ 20.5%€335,779▼ 25.7%
Debt€274,284▲ 19.6%€278,721▲ 1.6%€402,408▲ 44.4%€281,406▼ 30.1%€184,064▼ 34.6%
Working capital€205,974▼ 6.7%€216,128▲ 4.9%€106,776▼ 50.6%€101,437▼ 5.0%€83,016▼ 18.2%
Staff (FTE)3▼ 9.1%3.8▲ 26.7%4▲ 5.3%4.7▲ 17.5%3.9▼ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,271 after €9,697 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,779
Fixed assets
€135,839 ▼ 7.8%
Current assets
€199,940 ▼ 34.3%
Equity and liabilities €335,779
Equity
€151,715 ▼ 10.9%
Debt
€184,064 ▼ 34.6%
Debt's share of the balance-sheet total falls from 62.3% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26,803▼
2024 · €45,041
Cash flow
€18,548▼
2024 · €40,014
Current ratio
1.71▲
2024 · 1.50
Quick ratio
1.46▲
2024 · 1.33
Debt to equity
1.21▼
2024 · 1.65
ROE
-12.2%▼
2024 · 2.7%
ROA
-5.5%▼
2024 · 1.0%
Interest coverage
5.94▼
2024 · 9.65
Debt ≤ 1 year
€116,924▼
2024 · €202,884
Debt > 1 year
€67,140▼
2024 · €77,732
Income taxes
€4,672▲
2024 · €365
Staff costs
€185,568▼
2024 · €206,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €99,908 | €164,205 | €188,403 | €206,978 | €185,568 | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,245 | €6,848 | €14,814 | €35,344 | €37,074 | ▲ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€3,611 | €3,569 | - | -€8,440 | - | - |
| Other operating charges640/8 | €3,806 | €16,937 | €4,416 | €7,430 | €3,927 | ▼ 47.1% |
| Non-recurring operating charges66A | - | - | - | - | €11 | - |
| Gross operating margin9900 | €152,178 | €227,810 | €236,491 | €251,009 | €216,309 | ▼ 13.8% |
| Operating profit (loss)9901 | €25,830 | €36,251 | €28,858 | €9,697 | -€10,271 | ▼ 206% |
| Financial income75/76B | €45 | €72 | €40,003 | €6 | €929 | ▲ 15,383% |
| Recurring financial income75 | €45 | €72 | €2,596 | €6 | €929 | ▲ 15,383% |
| Non-recurring financial income76B | - | - | €37,407 | - | - | - |
| Financial charges65/66B | €3,722 | €3,432 | €2,739 | €4,668 | €4,512 | ▼ 3.3% |
| Recurring financial charges65 | €3,722 | €3,432 | €2,739 | €4,668 | €4,512 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €22,153 | €32,891 | €66,122 | €5,035 | -€13,854 | ▼ 375% |
| Income taxes67/77 | €7,312 | €8,133 | €12,241 | €365 | €4,672 | ▲ 1,180% |
| Profit (loss) for the period9904 | €14,841 | €24,758 | €53,881 | €4,670 | -€18,526 | ▼ 497% |
| Profit (loss) for the period to be appropriated9905 | €14,841 | €24,758 | €53,881 | €4,670 | -€18,526 | ▼ 497% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446,930 | €447,554 | €567,979 | €451,647 | €335,779 | ▼ 25.7% |
| Fixed assets21/28 | €61,826 | €54,978 | €182,669 | €147,326 | €135,839 | ▼ 7.8% |
| Tangible fixed assets22/27 | €61,826 | €54,978 | €182,669 | €147,326 | €135,839 | ▼ 7.8% |
| Land and buildings22 | €59,026 | €53,111 | €47,196 | €41,287 | €35,378 | ▼ 14.3% |
| Plant, machinery and equipment23 | €2,800 | €1,867 | €933 | - | - | - |
| Furniture and vehicles24 | - | - | €134,540 | €106,039 | €100,461 | ▼ 5.3% |
| Current assets29/58 | €385,104 | €392,576 | €385,310 | €304,321 | €199,940 | ▼ 34.3% |
| Stocks and contracts in progress3 | - | - | - | €35,000 | €29,000 | ▼ 17.1% |
| Contracts in progress37 | - | - | - | €35,000 | €29,000 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €81,114 | €103,222 | €32,831 | €65,967 | €83,543 | ▲ 26.6% |
| Trade receivables40 | €60,826 | €89,058 | €16,814 | €53,305 | €56,392 | ▲ 5.8% |
| Other amounts receivable41 | €20,288 | €14,164 | €16,017 | €12,662 | €27,151 | ▲ 114% |
| Cash at bank and in hand54/58 | €300,820 | €286,067 | €347,669 | €198,508 | €83,805 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | €3,170 | €3,287 | €4,810 | €4,846 | €3,592 | ▼ 25.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446,930 | €447,554 | €567,979 | €451,647 | €335,779 | ▼ 25.7% |
| Equity10/15 | €172,646 | €168,833 | €165,571 | €170,241 | €151,715 | ▼ 10.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €158,386 | €154,573 | €151,311 | €155,981 | €137,455 | ▼ 11.9% |
| Amounts payable17/49 | €274,284 | €278,721 | €402,408 | €281,406 | €184,064 | ▼ 34.6% |
| Amounts payable after more than one year17 | €72,154 | €64,443 | €95,710 | €77,732 | €67,140 | ▼ 13.6% |
| Financial debts170/4 | €72,154 | €64,443 | €95,710 | €77,732 | €67,140 | ▼ 13.6% |
| Amounts payable within one year42/48 | €179,130 | €176,448 | €278,534 | €202,884 | €116,924 | ▼ 42.4% |
| Current portion of amounts payable after more than one year42 | €8,148 | €8,516 | €17,237 | €17,978 | €27,584 | ▲ 53.4% |
| Trade debts44 | €78,032 | €109,116 | €148,653 | €76,653 | €37,306 | ▼ 51.3% |
| Suppliers440/4 | €78,032 | €109,116 | €148,653 | €76,653 | €37,306 | ▼ 51.3% |
| Advances received on contracts in progress46 | €13,341 | €1,500 | €15,462 | €13,784 | €12,284 | ▼ 10.9% |
| Taxes, remuneration and social security45 | €39,609 | €37,316 | €47,182 | €40,392 | €12,244 | ▼ 69.7% |
| Taxes450/3 | €26,596 | €18,025 | €25,384 | €19,638 | €1,400 | ▼ 92.9% |
| Remuneration and social security454/9 | €13,013 | €19,291 | €21,798 | €20,754 | €10,844 | ▼ 47.7% |
| Other amounts payable47/48 | €40,000 | €20,000 | €50,000 | €54,077 | €27,506 | ▼ 49.1% |
| Accrued charges and deferred income492/3 | €23,000 | €37,830 | €28,164 | €790 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,841 | €24,758 | €53,881 | €4,670 | -€18,526 | ▼ 497% |
| + Depreciation and write-downs630 | €26,245 | €6,848 | €14,814 | €35,344 | €37,074 | ▲ 4.9% |
| Operating cash flow (approximation) | €41,086 | €31,606 | €68,695 | €40,014 | €18,548 | ▼ 53.6% |
| Investment in fixed assets (approximation) | - | €0 | -€142,505 | -€1 | -€25,587 | ▼ 2,558,600% |
| Change in cash | - | -€14,753 | €61,602 | -€149,161 | -€114,703 | ▲ 23.1% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 159 days late
2025
31-12
Financial
Weakest financial yearnet -€18,526
Net result drops to -€18,526, the lowest in the series.
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €53,881 ▲118%
Net result €53,881, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €214,947 ▲11.8%
3 profitable years in a row build equity to €214,947.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Chaudfontaine · 1 establishment unit since 2006
Ground area
786 m²
Building footprint
186 m²
Volume, LiDAR
866 m³
Parcel 62030C0249/00K003, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V-TECH
since 20062.161.911.254
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030C0249/00K003 | Wallonia | 786 m² | 1 · 186 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,592 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
Founded26-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43310Plastering work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.