V.TECH Chauffage
ActiveSummary
The computed 12-month bankruptcy probability of V.TECH Chauffage is 2.2% (moderate). The 2025 annual accounts show equity of €304,626 and a net result of €148,976. Equity is growing by ~76.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 28281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.65 against 2.35 in 2024; short-term debt: 13.6% and cash: 52.6% of total assets), and 13.6% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
86.4%
Return on assets
42.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
27 d early
2024
24 d early
2023
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 7 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by equity in Fontaine-l'Evêque, Construction sector
Equity
€304,626▲ 95.7%
2024 · €155,650
Total assets
€352,606▲ 37.4%
2024 · €256,701
Net result
€148,976▲ 65.3%
2024 · €90,107
Working capital
€223,220▲ 64.0%
2024 · €136,135
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line202320242025
Operating result€83,044-€114,988▲ 38.5%€190,477▲ 65.6%
Net result€62,544above the sector's middle half-€90,107above the sector's middle half▲ 44.1%€148,976above the sector's middle half▲ 65.3%
Equity€65,544within the sector's middle half-€155,650above the sector's middle half▲ 137%€304,626above the sector's middle half▲ 95.7%
Total assets€134,731within the sector's middle half-€256,701within the sector's middle half▲ 90.5%€352,606above the sector's middle half▲ 37.4%
Debt€69,187-€101,050▲ 46.1%€47,980▼ 52.5%
Working capital€44,372within the sector's middle half-€136,135above the sector's middle half▲ 207%€223,220above the sector's middle half▲ 64.0%
Solvency48.6%within the sector's middle half-60.6%within the sector's middle half▲ 12.0pp86.4%above the sector's middle half▲ 25.8pp
Current ratio1.64within the sector's middle half-2.35within the sector's middle half▲ 0.715.65above the sector's middle half▲ 3.31
Return on assets (ROA)46.4%above the sector's middle half-35.1%above the sector's middle half▼ 11.3pp42.2%above the sector's middle half▲ 7.1pp
Staff (FTE)0.8-1.6▲ 100%1▼ 37.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 has risen two years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,606
Fixed assets
€81,407 ▲ 317%
Current assets
€271,199 ▲ 14.3%
Equity and liabilities €352,606
Equity
€304,626 ▲ 95.7%
Debt
€47,980 ▼ 52.5%
Debt's share of the balance-sheet total falls from 39.4% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202,233▲
2024 · €123,916
Cash flow
€160,732▲
2024 · €99,034
Quick ratio
5.18▲
2024 · 2.13
Debt to equity
0.16▼
2024 · 0.65
ROE
48.9%▼
2024 · 57.9%
Interest coverage
68.33▲
2024 · 37.86
Debt ≤ 1 year
€47,980▼
2024 · €101,050
Income taxes
€41,389▲
2024 · €23,875
Staff costs
€53,706▲
2024 · €46,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32,934 | €46,512 | €53,706 | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,713 | €8,928 | €11,756 | ▲ 31.7% |
| Other operating charges640/8 | €500 | €727 | €787 | ▲ 8.3% |
| Non-recurring operating charges66A | - | - | €1,703 | - |
| Gross operating margin9900 | €121,190 | €171,154 | €258,430 | ▲ 51.0% |
| Operating profit (loss)9901 | €83,044 | €114,988 | €190,477 | ▲ 65.6% |
| Financial income75/76B | €313 | €2,267 | €2,847 | ▲ 25.6% |
| Recurring financial income75 | €313 | €2,267 | €2,847 | ▲ 25.6% |
| Financial charges65/66B | €21 | €3,273 | €2,960 | ▼ 9.6% |
| Recurring financial charges65 | €21 | €3,273 | €2,960 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €83,336 | €113,982 | €190,365 | ▲ 67.0% |
| Income taxes67/77 | €20,792 | €23,875 | €41,389 | ▲ 73.4% |
| Profit (loss) for the period9904 | €62,544 | €90,107 | €148,976 | ▲ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €62,544 | €90,107 | €148,976 | ▲ 65.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €134,731 | €256,701 | €352,606 | ▲ 37.4% |
| Fixed assets21/28 | €21,171 | €19,515 | €81,407 | ▲ 317% |
| Tangible fixed assets22/27 | €21,171 | €12,945 | €74,837 | ▲ 478% |
| Furniture and vehicles24 | €21,171 | €12,945 | €74,837 | ▲ 478% |
| Financial fixed assets28 | - | €6,570 | €6,570 | = |
| Current assets29/58 | €113,560 | €237,185 | €271,199 | ▲ 14.3% |
| Stocks and contracts in progress3 | €7,550 | €21,510 | €22,590 | ▲ 5.0% |
| Stocks30/36 | €7,550 | €21,510 | €22,590 | ▲ 5.0% |
| Amounts receivable within one year40/41 | €46,493 | €42,766 | €55,183 | ▲ 29.0% |
| Trade receivables40 | €44,744 | €42,106 | €39,613 | ▼ 5.9% |
| Other amounts receivable41 | €1,749 | €660 | €15,571 | ▲ 2,259% |
| Cash at bank and in hand54/58 | €52,780 | €166,581 | €185,613 | ▲ 11.4% |
| Deferred charges and accrued income490/1 | €6,737 | €6,328 | €7,813 | ▲ 23.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €134,731 | €256,701 | €352,606 | ▲ 37.4% |
| Equity10/15 | €65,544 | €155,650 | €304,626 | ▲ 95.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €62,544 | €152,650 | €301,626 | ▲ 97.6% |
| Distributable reserves133 | €62,544 | €152,650 | €301,626 | ▲ 97.6% |
| Amounts payable17/49 | €69,187 | €101,050 | €47,980 | ▼ 52.5% |
| Amounts payable within one year42/48 | €69,187 | €101,050 | €47,980 | ▼ 52.5% |
| Trade debts44 | €18,844 | €23,708 | €14,632 | ▼ 38.3% |
| Suppliers440/4 | €18,844 | €23,708 | €14,632 | ▼ 38.3% |
| Taxes, remuneration and social security45 | €20,935 | €48,710 | €4,056 | ▼ 91.7% |
| Taxes450/3 | €20,792 | €48,508 | €2,168 | ▼ 95.5% |
| Remuneration and social security454/9 | €142 | €202 | €1,888 | ▲ 836% |
| Other amounts payable47/48 | €29,409 | €28,632 | €29,291 | ▲ 2.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,544 | €90,107 | €148,976 | ▲ 65.3% |
| + Depreciation and write-downs630 | €4,713 | €8,928 | €11,756 | ▲ 31.7% |
| Operating cash flow (approximation) | €67,256 | €99,034 | €160,732 | ▲ 62.3% |
| Investment in fixed assets (approximation) | - | -€7,272 | -€73,647 | ▼ 913% |
| Change in cash | - | €113,802 | €19,031 | ▼ 83.3% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €148,976 ▲65.3%
Operating result €190,477, net result €148,976, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.65
Current ratio from 2.35 to 5.65; short-term debt falls from €101,050 to €47,980.
31-12
Financial
Equity above €200,000Eq €304,626 ▲95.7%
3 profitable years in a row build equity to €304,626.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €155,650 ▲137%
2 profitable years in a row build equity to €155,650.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Fontaine-l'Evêque · 1 establishment unit since 2023
Ground area
297 m²
Building footprint
308 m²
Volume, LiDAR
1,070 m³
Parcel 52022D0236/00F007, Wallonia · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V.TECH Chauffage
since 20232.345.464.552
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52022D0236/00F007 | Wallonia | 297 m² | 1 · 308 m² | 5.5 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesV.TECH Chauffage SRL#10028
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,532 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
Founded30-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802201480
Also
9925:BE0802201480
Registered
25-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.