V-TECH

Active Private limited companyfounded 2006active for 19 yearsAvenue des Bouleaux 26, 4053 ChaudfontaineKBO/BCE: BE 0885.939.602

V-TECH

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Overview

Lifetime

18 annual accounts with figures on one time axis

Compare with

Gross marginpeak €251,009 (2024)

€216,309▼ 13.8%

Resultlowest -€18,526 (2025)

-€18,526▼ €23,196

Equitypeak €214,947 (2020)

€151,715▼ 10.9%

Debts

€184,064▼ 34.6%

Staffpeak 4.5 FTE (2018)

-not published

Board1 name since 2006

1 directorMAGIS Vincent

Documentsfilings and deeds

31-08-202631 days late

2025micro format

Gross margin from €251,009 to €216,309Loss of €18,526Change of role: MAGIS Vincent, from manager to director 12-11Debts from €281,406 to €184,064Cash from €198,508 to €83,805

Key points

from the 2025 annual accounts

Staff

3 employees on 31-12-2025

In 2025, 0 people joined and 2 left.

Filings

18 annual accounts since 2007

Four of the last ten came late. The 2024 accounts came latest: 159 days after the end of the period.

Position in the sector

-€18,526

Lower net result than 92% of companies in specialised construction. Sector median €10,197 · 35,048 companies.

Checked score

Healthy

Financially stronger than 41% of micro companies in specialised construction (NACE 43)

Probability in this band: 0.55% to 1.5%

Bankruptcy probability within 12 months 0.8% Low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.7%▲ +0.3 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 1.0%▲ +0.3 percentage points vs 11-2025 01-2026: 2.1%▲ +1.1 percentage points vs 12-2025highest value 02-2026: 0.5%▼ -1.6 percentage points vs 01-2026 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.5%▼ -0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026 11-2026: 0.8%● unchanged vs 10-2026

Financial strength

Strong

Solvency

70+7equity 45.2% of total assets

Liquidity

66-12short-term debt 34.8% · cash 25.0%

Profitability

61-9return on assets -5.5%

Score breakdown

raises risk

Last filed accounts filed 31 days late; 3 of the last 3 accounts late

Loss of €18,526 (financial year 2025)

lowers risk

Liquidity: current ratio 1.71, cash €83,805, halved

Founded in 2006

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 49% of them on solvency, 64% on liquidity, 29% on profitability and 24% on growth.

The bankruptcy probability was computed on 05-11-2026 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, 6,908 companies had the same profile as V-TECH has now. Each dot stands for 18 companies, two years later.

90.9%

were still trading

7.8%

stopped another way

1.1%

went bankrupt

Micro
10 to 20 years old
solvency 30% or more
a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of V-TECH itself: 0.8% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,908 companies, not a prediction for V-TECH. 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 €10,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.71 (1.5 in 2024), above the usual 1.5. Short-term debt is 34.8% and cash 25% of total assets. However, 54.8% 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

Last filed accounts filed 31 days late; 3 of the last 3 accounts late

NBB · filings

Loss of €18,526 (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 1.71, cash €83,805, halved

NBB · annual accounts

Founded in 2006

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

2025 accounts filed 31 days late

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. 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 · 10 filings

Deviation from the deadline

2025

31 days late

2024

159 days late

2023

31 days late

2022

35 days early

2021

2 days early

2020

24 days early

2019

19 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days 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)

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 31 August (4 of the last 5 accounts filed within 66 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

06-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

MAGIS Vincent

Director, since 26-12-2006

Board & ownership

Recent changes

05-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0885939602

12-11-2025

Change of role: MAGIS Vincent, from manager to director “nouvel objet” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Reserve release: €12,400 · General meeting of 09-10-2025 · Gazette deed

26-12-2006

Incorporation published on 05-01-2007 · Gazette deed

20-12-2006

First establishment Avenue des Bouleaux 26, Chaudfontaine

All 27 events

Comparable companies

same main activity, similar in size and age

Company	Total assets	Gross margin	Solvency	Staff
V-TECH Chaudfontaine	€335,779	€216,309	45.2%	-
ES PROJECTS Herstal	€310,968	€205,791	65.9%	-
CLEMENT ELECTROTECHNIEK Ruiselede	€364,127	€208,566	51.7%	1.1
Damen Elektriciteitswerken Houthalen-Helchteren	€356,534	€214,721	64.8%	-
WATT NU?! Kapellen	€318,260	€242,319	53.2%	-
DE SMET VAN DAMME Zottegem	€361,947	€234,776	38.2%	-
ELEKTRO FIX & FLEX Herselt	€383,887	€203,748	81.1%	-

These companies have the same main activity as V-TECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €311,000 and €384,000, founded between 2005 and 2008.

Official details

Source: KBO

Status: Active since 26-12-2006Normal situation
Activity: General electrical installation workNACE 43211and 3 others
Establishment unit: 2.161.911.2544053 Chaudfontaine, since 20-12-2006
Financial year end: 31 December
Peppol: Reachable since 05-01-2026

Company details

Annual accounts 2025

Gross margin: €216,309▼ 13.8%
Turnover: ≈ €640,000estimated
Loss: €18,526
Equity: €151,715▼ 10.9%
Total assets: €335,779▼ 25.7%
Employeeson 31-12-2025: 3
Filing: Filed on 31-08-2026

Financials

Insights on V-TECH

V-TECH files the micro format. That format states no turnover. The gross margin rose from €98,996 in 2007 to €216,309 in 2025.

The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late

Gross margin

€216,309

▼ 13.8%

Operating result

-€10,271

▼ €19,968

EBITDA

€26,803

▼ 40.5%

Cash flow

€18,548

▼ 53.6%

Solvency

45.2%

▲ 7.5 percentage points

Current ratio

1.71

▲ 0.21

Money flows

no detail for 2025

Balance sheet

balance sheet total €335,779 on 31-12-2025

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency45.2%

Higher than 48% of 35,060 companies in 2025.

Current ratio1.71

Higher than 47% of 34,437 companies in 2025.

Return on assets-5.5%

Higher than 15% of 34,637 companies in 2025.

V-TECH Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Staff

Staff cost per FTE€47,582

Staff costs divided by the average number of full-time equivalents.

Joined and left-2

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007
Balance sheet: assets
Total assets`20/58`	335,779	451,647	567,979	447,554	446,930	444,245	440,292	404,687	439,960	365,733	311,377	392,559	361,030	410,275	324,113	291,100	130,656	141,647
Fixed assets`21/28`	135,839	147,326	182,669	54,978	61,826	88,070	115,496	146,656	178,481	194,033	133,790	132,422	151,429	172,530	134,762	126,413	5,522	37,918
Tangible fixed assets`22/27`	135,839	147,326	182,669	54,978	61,826	88,070	115,496	146,656	178,481	194,033	133,790	132,422	151,429	172,530	134,762	126,413	5,522	37,918
Land and buildings`22`	35,378	41,287	47,196	53,111	59,026	64,941	70,856	76,771	82,686	88,601	94,516	100,431	106,346	112,261	118,176	124,091	-	-
Plant, machinery and equipment`23`	-	-	933	1,867	2,800	3,733	5,836	7,940	10,215	12,554	13,689	6,947	7,952	9,327	8,834	832	-	-
Furniture and vehicles`24`	100,461	106,039	134,540	-	-	19,396	38,804	61,945	85,580	92,878	25,585	25,044	37,131	50,942	7,752	1,490	5,522	37,918
Current assets`29/58`	199,940	304,321	385,310	392,576	385,104	356,175	324,796	258,031	261,479	171,700	177,587	260,137	209,601	237,745	189,351	164,687	125,134	103,729
Stocks and contracts in progress`3`	29,000	35,000	-	-	-	32,000	-	7,500	-	-	-	-	-	3,500	-	-	-	-
Contracts in progress`37`	29,000	35,000	-	-	-	32,000	-	7,500	-	-	-	-	-	3,500	-	-	-	-
Amounts receivable within one year`40/41`	83,543	65,967	32,831	103,222	81,114	52,065	69,046	79,902	69,134	69,318	70,906	79,496	79,341	111,679	76,154	62,426	50,624	66,279
Trade receivables`40`	56,392	53,305	16,814	89,058	60,826	30,302	46,767	58,915	54,688	41,798	54,629	68,468	74,406	108,204	67,043	46,286	40,967	65,962
Other amounts receivable`41`	27,151	12,662	16,017	14,164	20,288	21,763	22,279	20,987	14,446	27,520	16,277	11,028	4,935	3,475	9,111	16,140	9,657	317
Cash at bank and in hand`54/58`	83,805	198,508	347,669	286,067	300,820	268,521	253,485	168,076	189,372	99,654	99,503	174,230	121,583	114,174	112,712	95,574	69,503	33,911
Deferred charges and accrued income`490/1`	3,592	4,846	4,810	3,287	3,170	3,589	2,265	2,553	2,973	2,728	7,178	6,411	8,677	8,392	485	6,687	5,007	3,539
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	335,779	451,647	567,979	447,554	446,930	444,245	440,292	404,687	439,960	365,733	311,377	392,559	361,030	410,275	324,113	291,100	130,656	141,647
Equity`10/15`	151,715	170,241	165,571	168,833	172,646	214,947	192,280	161,787	155,173	123,420	102,856	144,194	122,190	109,275	108,941	74,343	60,022	48,130
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Capital`10`	-	-	-	-	12,400	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	137,455	155,981	151,311	154,573	158,386	200,687	178,020	147,527	140,913	109,160	88,596	129,934	107,930	95,015	94,681	60,083	45,762	33,870
Amounts payable`17/49`	184,064	281,406	402,408	278,721	274,284	229,298	248,012	242,900	284,787	242,313	208,521	248,365	238,840	301,000	215,172	216,757	70,634	93,517
Amounts payable after more than one year`17`	67,140	77,732	95,710	64,443	72,154	80,920	96,147	111,033	127,106	143,286	121,644	130,657	146,154	162,673	135,219	140,334	10,003	28,039
Financial debts`170/4`	67,140	77,732	95,710	64,443	72,154	80,920	96,147	111,033	127,106	143,286	121,644	130,657	146,154	162,673	135,219	140,334	10,003	28,039
Amounts payable within one year`42/48`	116,924	202,884	278,534	176,448	179,130	135,378	123,865	131,867	136,720	99,027	86,877	117,708	92,611	138,327	79,953	72,329	56,539	61,384
Current portion of amounts payable after more than one year`42`	27,584	17,978	17,237	8,516	8,148	15,298	14,284	15,476	18,073	19,163	23,773	21,175	21,175	20,724	5,944	18,639	9,019	9,019
Trade debts`44`	37,306	76,653	148,653	109,116	78,032	96,570	86,347	85,053	88,961	72,302	53,207	69,281	56,296	84,594	42,576	22,468	21,855	27,829
Suppliers`440/4`	37,306	76,653	148,653	109,116	78,032	96,570	86,347	85,053	88,961	72,302	53,207	69,281	56,296	84,594	42,576	22,468	9,605	27,829
Bills of exchange payable`441`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,250	-
Advances received on contracts in progress`46`	12,284	13,784	15,462	1,500	13,341	3,050	1,500	1,500	1,500	1,500	1,500	-	-	5,600	-	4,321	-	-
Taxes, remuneration and social security`45`	12,244	40,392	47,182	37,316	39,609	20,460	21,734	29,838	28,186	6,062	8,397	27,252	15,140	27,409	31,433	26,901	25,665	22,713
Taxes`450/3`	1,400	19,638	25,384	18,025	26,596	5,851	2,989	12,390	12,390	181	180	18,169	9,320	17,598	26,555	22,670	20,689	20,603
Remuneration and social security`454/9`	10,844	20,754	21,798	19,291	13,013	14,609	18,745	17,448	15,796	5,881	8,217	9,083	5,820	9,811	4,878	4,231	4,976	2,110
Other amounts payable`47/48`	27,506	54,077	50,000	20,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-	1,823
Accrued charges and deferred income`492/3`	-	790	28,164	37,830	23,000	13,000	28,000	-	20,961	-	-	-	75	-	-	4,094	4,092	4,094
Income statement
Turnover`70`	-	-	-	-	-	415,407	580,478	559,463	513,348	478,882	383,830	354,900	295,167	278,611	297,789	205,726	206,250	179,168
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	18,939	-	2,500	-	-	24,380	-	-	49	-
Gross operating margin`9900`	216,309	251,009	236,491	227,810	152,178	168,498	249,866	217,003	230,302	170,660	143,906	140,692	123,601	99,350	123,527	80,229	64,075	98,996
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	246,909	338,612	342,460	301,985	308,222	239,924	214,208	171,566	179,261	174,262	125,497	142,175	80,172
Remuneration, social security and pensions`62`	185,568	206,978	188,403	164,205	99,908	99,655	160,545	162,678	115,835	106,241	96,920	78,720	56,207	60,715	49,012	24,054	15,178	22,733
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	37,074	35,344	14,814	6,848	26,245	27,426	31,160	34,410	31,888	24,584	24,920	21,354	23,781	23,636	11,135	12,267	5,776	17,614
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-8,440	-	3,569	-3,611	-	5,765	-	14,597	-300	3,632	-	8,923	-	-	-	6,470	-
Other operating charges`640/8`	3,927	7,430	4,416	16,937	3,806	6,843	3,693	3,636	6,910	4,319	3,489	3,151	3,191	5,982	2,909	18,444	2,777	3,275
Non-recurring operating charges`66A`	11	-	-	-	-	-	3,000	-	-	-	-	-	29	23,006	-	-	-	-
Operating profit (loss)`9901`	-10,271	9,697	28,858	36,251	25,830	34,574	45,703	16,279	61,072	35,816	14,945	37,467	31,499	9,017	60,471	25,464	33,874	55,374
Financial income`75/76B`	929	6	40,003	72	45	-	31	1	629	53	43	226	115	139	89	71	44	2
Recurring financial income`75`	929	6	2,596	72	45	-	31	1	629	53	43	226	115	139	89	71	44	2
Non-recurring financial income`76B`	-	-	37,407	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	4,512	4,668	2,739	3,432	3,722	4,045	4,375	4,564	12,739	6,459	5,622	6,267	6,732	7,662	9,769	3,886	1,536	1,043
Recurring financial charges`65`	4,512	4,668	2,739	3,432	3,722	4,045	4,375	4,564	12,739	6,459	5,622	6,267	6,732	7,662	9,769	3,886	1,536	1,043
Profit (loss) for the period before taxes`9903`	-13,854	5,035	66,122	32,891	22,153	30,529	41,359	11,716	48,962	29,410	11,866	31,426	24,853	2,868	50,791	21,649	32,431	54,333
Income taxes`67/77`	4,672	365	12,241	8,133	7,312	7,862	10,866	5,102	17,209	8,846	9,204	9,422	11,938	2,534	16,193	7,328	14,461	18,603
Profit (loss) for the period`9904`	-18,526	4,670	53,881	24,758	14,841	22,667	30,493	6,614	31,753	20,564	2,662	22,004	12,915	334	34,598	14,321	17,970	35,730
Profit (loss) for the period to be appropriated`9905`	-18,526	4,670	53,881	24,758	14,841	22,667	30,493	6,614	31,753	20,564	2,662	22,004	12,915	334	34,598	14,321	17,970	35,730
Appropriation of the result
Profit (loss) to be appropriated`9906`	137,455	155,981	208,454	183,144	215,528	200,687	178,020	147,527	140,913	109,160	132,596	129,934	107,930	95,015	94,681	60,083	57,526	35,730
Profit (loss) brought forward from the previous period`14P`	155,981	151,311	154,573	158,386	200,687	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
Profit to be distributed`694/7`	-	-	57,143	28,571	57,142	-	-	-	-	-	44,000	-	-	-	-	-	11,764	-
Return on contributions (dividend)`694`	-	-	57,143	28,571	57,142	-	-	-	-	-	44,000	-	-	-	-	-	11,764	-
Social balance sheet
Average staff (FTE)`9087`	3.9	4.7	4	3.8	3	3.3	4.4	4.5	3.4	3	3	2.6	1.8	2.8	2.6	1	0.8	1
Hours worked`1013`	5,251	-	-	5,818	3,909	3,599	6,440	6,765	4,876	4,378	4,408	3,602	2,592	2,052	2,022	1,429	517	1,322
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 6 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 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495502.

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00495502	PDF
31-12-2024	micro format	06-01-2026	2026-00002249	PDF
31-12-2023	micro format	31-08-2024	2024-00438025	PDF
31-12-2022	micro format	26-06-2023	2023-00157538	PDF
31-12-2021	micro format	29-07-2022	2022-20259283	PDF
31-12-2020	micro format	07-07-2021	2021-33000338	PDF
31-12-2019	micro format	19-08-2020	2020-42500477	PDF
31-12-2018	micro format	25-07-2019	2019-37800525	PDF
31-12-2017	micro format	31-07-2018	2018-43200319	PDF
31-12-2016	micro format	28-07-2017	2017-40700539	PDF
31-12-2015	full format	30-07-2016	2016-39800161	PDF
31-12-2014	full format	07-08-2015	2015-41600053	PDF
31-12-2013	full format	22-10-2014	2014-65300156	PDF
31-12-2012	full format	27-08-2013	2013-50900156	PDF
31-12-2011	full format	19-03-2013	2013-06800239	PDF
31-12-2010	full format	31-12-2011	2011-66100159	PDF
31-12-2009	full format	31-08-2010	2010-52900018	PDF
31-12-2007	full format	30-08-2008	2008-72200072	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007
EBITDA	26,803	45,041	43,672	43,099	52,075	62,000	76,863	50,689	92,960	60,400	39,865	58,821	55,280	32,653	71,606	37,731	39,650	72,988
Cash flow	18,548	40,014	68,695	31,606	41,086	50,093	61,653	41,024	63,641	45,148	27,582	43,358	36,696	23,970	45,733	26,588	23,746	53,344
Investment in fixed assets (approximation)	25,587	1	142,506	0	1	0	0	2,585	16,336	84,827	26,288	2,347	2,680	84,410	19,484	133,158	130	55,532
Change in cash	-114,703	-149,161	61,602	-14,753	32,299	15,036	85,409	-21,296	89,718	151	-74,727	52,647	7,409	1,462	17,138	26,071	-	-
Working capital	83,016	101,437	106,776	216,128	205,974	220,797	200,931	126,164	124,759	72,673	90,710	142,429	116,990	99,418	109,398	92,358	68,595	42,345
EBIT margin	-	-	-	-	-	8.3%	7.9%	2.9%	11.9%	7.5%	3.9%	10.6%	10.7%	3.2%	20.3%	12.4%	16.4%	30.9%
Solvency	45.2%	37.7%	29.2%	37.7%	38.6%	48.4%	43.7%	40.0%	35.3%	33.7%	33.0%	36.7%	33.8%	26.6%	33.6%	25.5%	45.9%	34.0%
Current ratio	1.71	1.50	1.38	2.22	2.15	2.63	2.62	1.96	1.91	1.73	2.04	2.21	2.26	1.72	2.37	2.28	2.21	1.69
Quick ratio	1.46	1.33	1.38	2.22	2.15	2.39	2.62	1.90	1.91	1.73	2.04	2.21	2.26	1.69	2.37	2.28	2.21	1.69
Debt to equity	1.21	1.65	2.43	1.65	1.59	1.07	1.29	1.50	1.84	1.96	2.03	1.72	1.95	2.75	1.98	2.92	1.18	1.94
ROE	-12.2%	2.7%	32.5%	14.7%	8.6%	10.5%	15.9%	4.1%	20.5%	16.7%	2.6%	15.3%	10.6%	0.3%	31.8%	19.3%	29.9%	74.2%
ROA	-5.5%	1.0%	9.5%	5.5%	3.3%	5.1%	6.9%	1.6%	7.2%	5.6%	0.9%	5.6%	3.6%	0.1%	10.7%	4.9%	13.8%	25.2%
Interest coverage	5.94	9.65	15.94	12.56	13.99	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	27 days	29 days	38 days	39 days	32 days	52 days	70 days	92 days	142 days	82 days	82 days	72 days	134 days
Supplier credit	-	-	-	-	-	143 days	93 days	91 days	108 days	86 days	81 days	118 days	120 days	172 days	89 days	65 days	56 days	127 days

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.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	-	-	4	4
full-time	2	-	-	3	3
part-time	1	-	-	1	1
in full-time equivalents	2.5	-	-	3.5	3.5
Average over the year, in full-time equivalents	3.9	4.7	4	3.8	3
On a permanent contract	3	5	5	4	4
Joined	0	4	3	5	6
Left	2	4	2	5	5

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€25,587	-	€142,506	-	€1
Depreciation and write-downs of the year	€37,074	€35,344	€14,814	€6,848	€26,245

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on V-TECH

The operating result for 2025 is a loss of €10,271, after a profit of €9,697 in 2024. It is the lowest result since 2007.

Debt's share of the balance-sheet total falls from 62.3% to 54.8%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2025

MAGIS Vincent

Director

since 26-12-2006 term without a fixed end

earlier manager, until 12-11-2025

listed in the 2025 annual accounts, filed on 31-08-2026

Signing authority: Each director alone
deed of 12-11-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

MAGIS Vincent
Director

BoardEarliermandate already running before its first mention

Mandates as a list

MAGIS Vincent
- Director, from 26-12-2006 to date
- Manager, until 12-11-2025

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €12,400
Source: deed of 12-11-2025

Articles of association

deed of 12-11-2025 (in French)

Duration: Unlimited
Board rule: “L'assemblée générale décide si le mandat d'administrateur est rémunéré ou gratuit, rémunération”
Profit allocation: “L'affectation du bénéfice est décidée par l'assemblée générale statuant sur proposition de l'organe d'administration, articles 5:142. à…”
Annual meeting: Fourth Friday of June at 11:00
Statutory auditor: No statutory auditor

Capital transactions

Capital over time

12-11-2025 Converted to unavailable equity · €12,400
12-11-2025 Converted to unavailable equity · €1,860

Network & group

No group

V-TECH has no parent and no holdings in its annual accounts. MAGIS Vincent is the only director. V-TECH shares no director with another company.

Timeline

27 events since 2006

Board

Filings

Financial

Establishments

20062008201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

31-08-2026

Annual accounts 2025 filed NBBmicro format · 31 days late

06-01-2026

Annual accounts 2024 filed PDFmicro format · 159 days late

05-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0885939602

2025

31-12-2025

Weakest financial year net -€18,526 The net result drops to -€18,526, the lowest from 2007 to 2025.

12-11-2025

Change of role: MAGIS Vincent, from manager to director“nouvel objet” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Reserve release: €12,400 · General meeting of 09-10-20258 points ▸

General meeting, 09-10-2025
Purpose change, “nouvel objet” (deed in French)
186 shares
Director resignation, MAGIS Vincent (manager)
Director appointment, MAGIS Vincent
Legal-form conversion, from private limited company (pre-2019) to private limited company
Reserve release, €12,400
Reserve release, €1,860
The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2024

31-08-2024

Annual accounts 2023 filed PDFmicro format · 31 days late

2023

31-12-2023

Highest result from 2007 to 2025 net €53,881 ▲118% The net result of €53,881 is the highest of those years.

26-06-2023

Annual accounts 2022 filed PDFmicro format · 35 days before the deadline

2022

29-07-2022

Annual accounts 2021 filed PDFmicro format · 2 days before the deadline

2021

07-07-2021

Annual accounts 2020 filed PDFmicro format · 24 days before the deadline

2020

31-12-2020

Equity above €200,000 equity €214,947 ▲11.8% Equity rises from €192,280 to €214,947.

19-08-2020

Annual accounts 2019 filed PDFmicro format · 19 days late

2019

25-07-2019

Annual accounts 2018 filed PDFmicro format · 6 days before the deadline

2018

31-07-2018

Annual accounts 2017 filed PDFmicro format · on the deadline day

2017

31-12-2017

Equity above €150,000 equity €155,173 ▲25.7% Equity rises from €123,420 to €155,173.

28-07-2017

Annual accounts 2016 filed PDFmicro format · 3 days before the deadline

2016

30-07-2016

Annual accounts 2015 filed PDFfull format · 1 day before the deadline

2015

07-08-2015

Annual accounts 2014 filed PDFfull format · 7 days late

2014

22-10-2014

Annual accounts 2013 filed PDFfull format · 83 days late

2013

27-08-2013

Annual accounts 2012 filed PDFfull format · 27 days late

19-03-2013

Annual accounts 2011 filed PDFfull format · 231 days late

2011

31-12-2011

Equity above €100,000 equity €108,941 ▲46.5% With a profit in every financial year since 2007, equity grows to €108,941.

31-12-2011

Annual accounts 2010 filed PDFfull format · 153 days late

2010

31-08-2010

Annual accounts 2009 filed PDFfull format · 31 days late

2008

30-08-2008

Annual accounts 2007 filed PDFfull format · 30 days late

2006

26-12-2006

Incorporation PDFpublished on 05-01-2007

20-12-2006

First establishment Avenue des Bouleaux 26, Chaudfontaine

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 26 December 2006, V-TECH was incorporated.¹ Turnover went from €559,463 in 2018 to €415,407 in 2020 and headcount from 4.5 full-time equivalents in 2018 to 3.9 in 2025.²

Company details

Identity

Enterprise number: 0885.939.602
VAT number: BE 0885.939.602
Peppol ID: 0208:0885939602
Legal form: Private limited company
Status: Active, normal situation
Founded: 26-12-2006
Financial year: ends on 31 December
Annual meeting: Fourth Friday of June at 11:00
deed of 12-11-2025 (in French)
Proxy rule: “Chaque actionnaire peut donner procuration à un mandataire, actionnaire ou non”
deed of 12-11-2025 (in French)
Peppol: Reachable since 05-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: V-TECH in French
Entity type: Legal entity
Duration: Unlimited
deed of 12-11-2025 (in French)
Registered office clause: “Région Wallonne”
deed of 12-11-2025 (in French)

Activities

NACEBEL 2025

VAT activities

43211 General electrical installation work main activity

43240 Other construction installation

43310 Plastering work

43990 Other specialised construction activities

Social security (RSZ) activities

43211 General electrical installation work main activity

Codes under NACEBEL 2008

VAT activities

43211 Specialised construction activities main activity

43299 Specialised construction activities

43310 Plastering work

43999 Specialised construction activities

Social security (RSZ) activities

43211 Specialised construction activities main activity

Codes under NACEBEL 2003

VAT activities

45310 main activity

45250

45340

45410

Social security (RSZ) activities

45310 main activity

Purpose: “Tous travaux se rapportant au secteur de l’électricité générale, notamment sans que cette liste soit exhaustive, l’installation et la…”
74 activities
Tous travaux se rapportant au secteur de l’électricité générale, notamment sans que cette liste soit exhaustive, l’installation et la réparation d’installations électriques, domestiques, impliques, d’ éclairages, de force motrice, de téléphonie, de parlophonie, de réseau internet ou intranet, de fibre optique, de chauffage électrique, de chauffe eau et sanitaires, de détection incendie, de borne de recharge véhicule électrique, de système de panneaux photovoltaique, de batteries
Les systèmes de climatisations à gaz rares
L’achat et la vente, l’import et l’export, en gros ou en détail de matériel électriques, de tout articles de domestiques et démotiques, de luminaires, de téléphonie, de parlophonie, de réseau internet, de chauffage électrique, de détection incendie, de batteries, de système photovoltaique, de système de climatisation
Le placement de cloisons en tout genre
L’entreprise de terrassement ainsi que l’aménagement des abords
Le sablage et le rejointoyage
Menuiserie, vitrerie
Chassis
Menuiserie générale
Électrotechnique
Autres activités de constructions spécialisées
Montage et démontage d’échafaudages et de plate-formes de travail
Commerce de gros d'appareils électroménagers
Installation de systèmes de télécommunication et installations informatiques
Installation de systèmes d'alimentation de secours (groupes électrogènes)
Montage de cloisons mobiles; revêtement de murs, de plafonds, etc, métallique
Mise en oeuvre dans des bâtiments ou d'autres projets de construction de: matériaux d'isolation thermique, matériaux d'isolation acoustique et antivibratile
Fabrication d'appareils d'éclairage électrique
Exécution de travaux de rejointoiement
Installation de câbles et appareils électriques
Travaux de plâtrerie
Commerce de gros de matériels électriques d'installation à usage domestique
Commerce de gros de matériaux de construction, assortiment général
Pose de chapes
Installation d'antennes d'immeubles et paratonnerres
Activités d’intermédiaire du commerce de gros en meubles, biens domestiques et quincaillerie
Travaux de préparation des sites
Construction d'ouvrages de génie civil pour les fluides, nca
Montage d'éléments de structures métalliques non fabriqués par l’unité qui exécute les travaux
Commerce de gros de quincaillerie
Déblayage des chantiers
Construction de réseaux d'évacuation des eaux usées
Commerce de gros d'articles ménagers non électriques
Construction d'ouvrages de génie civil pour l’électricité et les télécommunications
Activités de service d’aménagement paysager
Autres travaux d'achèvement et de finition des bâtiments nca
Installation de systèmes de surveillance et d'alarme contre les effractions
Commerce de gros d'appareils électroménagers et audio-vidéo
Montage de cloisons sèches à base de plâtre
Installation d'enseignes, lumineuses ou non
Commerce de gros de matériel électrique, y compris le matériel d’installation
Commerce de gros d’équipements de l’information et de la communication
Construction de routes et autoroutes
Mise en place de l’isolation
Commerce de détail d'appareils d’éclairage
Nettoyage à la vapeur, le sablage et les activités analogues appliquées aux parties extérieures des bâtiments
Commerce de détail d’appareils électroménagers
Pose de revêtements des sols et des murs en bois
Installation d'ascenseurs et escaliers mécaniques
Autres travaux de construction spécialisés nca
Construction de réseaux de distribution d'eau et de gaz
Le commerce de détail non spécialisé à prédominance alimentaire en magasin d'une surface de vente comprise entre 120 et 400 m²
Commerce de détail d’habillement et de chaussures
Autres commerce de détail sur marchés et éventaires
Commerce de détail en magasin non spécialisé à prédominance alimentaire (surface de vente < 100m²)
Commerce de détail de tout type de produit par internet ( e-commerce)
Commerce de détail de tous type de produits exercé selon des modalités non prévues dans les classes précédentes : par démarcheur, distributeurs automatiques, démonstrateurs, marchands ambulants, etc
Restauration a service complet
Restauration a service restreint
Autres services de restauration
Les friteries
Les creperies et gaufreries a service restreint
Les croissanteries a service restreint
Les sandwicheries a service restreint
Les autres services de restauration a service restreint
L’exploitation des énergies renouvelables et amélioration des performances énergétiques des bâtiments à savoir : l’installation de capteurs électriques d’énergie solaire, installation de capteur non électrique d'énergie solaire, éolienne, petites génératrices hydroélectriques, combustion de la biomasse, du bois et autres matières renouvelables, poêles à granulés de bois, le chauffage des bâtiments publics et privés, des piscines, d’installations géothermiques, de pompe à chaleur
Le placement, l’installation et la vente de tous produits, matériaux et matériels relevant des domaines précités, et ce notamment de tous systèmes de récupération et d’utilisation des énergies naturelles, panneaux solaire, éoliennes, pompe à chaleur, poêles à pellets, etc
La fabrication, le placement, la vente, le commerce, l’importexport : de tous appareils ou infrastructure destinés à capter, stocker, restituer, mesurer, consommer toutes énergies
De tous systèmes plus traditionnels de chauffage, de recyclage, de ventilation, d’aération et ainsi, sans que l’énumération ne soit limitative, tous systèmes de chauffage central ou non, radiateurs, convecteurs, souffleries, vannes, tuyaux, boiler, chaudières, vases d’expansion, de tous appareils de conditionnement de l’air et de refroidissement ainsi que de frigos, chambres froides, etc
De tous les isolants et conducteurs et de toutes autres marchandises ou produits ayant un rapport avec les domaines prédéfinis
L’étude, la conception, la recherche, le conseil, l’audit, l’expertise, le placement, l’entretien, la réparation, l’assistance, le courtage, le commissionnement et la prestation de tous services rentrant dans les domaines précités
L’acquisition et la gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à la mise en valeur de ce patrimoine
La prise de participation sous quelque forme que ce soir, dans toute société ou entreprise belge ou étrangère, l’acquisition par voie d’achat, de souscription ou de toute autre manière, ainsi que la cession, par vente, échange ou de toute autre manière d’actions ou parts sociales et, en général, de valeurs mobilières ; la gestion et la mise en valeur de son portefeuille ; la société peut participer à la création et au développement de toute société ou entreprise et leur prêter tout concours, que ce soit par des prêts ou de toute autre manière
La consultance générale
deed of 12-11-2025 (in French)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Avenue des Bouleaux 26 registered office 4053 Chaudfontaine	20-12-2006	2.161.911.254

Buildings and parcels at the address

Ground area: 786 m²
Buildings: 186 m²
Volume, LiDAR: 866 m³
Tallest building: 6.4 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
62030C0249/00K003	786 m²	1 · 186 m²	6.4 m · 2

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 0885.939.602

Overview

Lifetime

Key points

Staff

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on V-TECH

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency45.2%

Current ratio1.71

Return on assets-5.5%

Staff

Staff cost per FTE€47,582

Joined and left-2

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on V-TECH

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Capital transactions

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment