V.TS
ActiveV.TS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €656k and a net result of €159k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 4844 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+29
Solvency49▼-10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.52 in 2024; short-term debt: 72% and cash: 41.1% of total assets), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
24.4%
Return on assets
5.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
27 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€159k▲ 530%
2024 · €25k
2018: €121k
2019: €45k
2020: €37k
2021: €45k
2022: €86k
2023: €38k
2024: €25k
2018 → 2025
Working capital
€600k▼ 28.0%
2024 · €833k
2018: €586k
2019: €634k
2020: €638k
2021: €688k
2022: €747k
2023: €823k
2024: €833k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€757k-€844k▲ 11.4%€882k▲ 4.5%€907k▲ 2.9%€656k▼ 27.7%
Operating result€79k-€142k▲ 81.3%€94k▼ 33.9%€104k▲ 10.1%€298k▲ 188%
Net result€45k-€86k▲ 92.2%€38k▼ 56.2%€25k▼ 33.3%€159k▲ 530%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 188% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.69M
Fixed assets
€154k▼ 37.1%
Current assets
€2.53M▲ 4.6%
Equity and liabilities €2.69M
Equity
€656k▼ 27.7%
Debt
€2.03M▲ 15.4%
The debt ratio rises from 66.0% to 75.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€401k▲
2024 · €202k
Cash flow
€263k▲
2024 · €123k
Solvency
24.4%▼
2024 · 34.0%
Current ratio
1.31▼
2024 · 1.52
Quick ratio
0.80▼
2024 · 0.81
Debt / equity
3.10▲
2024 · 1.94
ROE
24.3%▲
2024 · 2.8%
ROA
5.9%▲
2024 · 0.9%
Interest coverage
6.46▲
2024 · 3.30
Debt
€2.03M▲
2024 · €1.76M
Debt ≤ 1 year
€1.93M▲
2024 · €1.59M
Debt > 1 year
€97k▼
2024 · €170k
Income taxes
€78k▲
2024 · €20k
Staff costs
€1.47M▲
2024 · €1.38M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.67M€2.69M▲
Fixed assets21/28€244k€154k▼
Tangible fixed assets22/27€188k€90k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€186k€83k▼
Financial fixed assets28€56k€63k▲
Current assets29/58€2.42M€2.53M▲
Stocks and contracts in progress3€1.14M€992k▼
Stocks30/36€602k€451k▼
Contracts in progress37€533k€541k▲
Amounts receivable within one year40/41€606k€433k▼
Trade receivables40€434k€323k▼
Other amounts receivable41€171k€111k▼
Cash at bank and in hand54/58€679k€1.11M▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.67M€2.69M▲
Equity10/15€907k€656k▼
Contributions10/11€112k€112k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Reserves13€29k€188k▲
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€2k€161k▲
Profit (loss) carried forward14€766k€356k▼
Amounts payable17/49€1.76M€2.03M▲
Amounts payable after more than one year17€170k€97k▼
Financial debts170/4€170k€97k▼
Amounts payable within one year42/48€1.59M€1.93M▲
Current portion of amounts payable after more than one year42€94k€73k▼
Financial debts43€971k€969k▼
Credit institutions430/8€971k€969k▼
Trade debts44€485k€412k▼
Suppliers440/4€485k€412k▼
Taxes, remuneration and social security45€40k€71k▲
Taxes450/3€943€30k▲
Remuneration and social security454/9€39k€41k▲
Other amounts payable47/48-€410k
Income statement
Code20242025
Remuneration, social security and pensions62€1.38M€1.47M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€103k▲
Other operating charges640/8€18k€15k▼
Gross operating margin9900€1.60M€1.88M▲
Operating profit (loss)9901€104k€298k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€61k€62k▲
Recurring financial charges65€61k€62k▲
Profit (loss) for the period before taxes9903€45k€238k▲
Income taxes67/77€20k€78k▲
Profit (loss) for the period9904€25k€159k▲
Profit (loss) for the period to be appropriated9905€25k€159k▲
Appropriation of the result
Profit (loss) to be appropriated9906€766k€925k▲
Profit (loss) brought forward from the previous period14P€741k€766k▲
Transfer to equity691/2-€159k
To other reserves6921-€159k
Profit to be distributed694/7-€410k
Return on contributions (dividend)694-€410k
Social balance
Average headcount (FTE)908722.121.9▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €159k ▲530%
Operating result €298k, net result €159k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €25k ▼33.3%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tournai · 1 establishment unit since 2000
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.
Route de Velaines(MOU) 517543 TournaiGround area
4,599 m²
Building footprint
329 m²
Volume, LiDAR
1,769 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.T.S.
since 20002.032.032.412
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57057D0133/00G000 | Wallonia | 2,700 m² | 1 · 226 m² | 6.6 m · 2 fl. |
| 57057D0178/03G000 | Wallonia | 1,899 m² | 1 · 103 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesV.TS SA28361
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BE 0806.050.697
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VERWARMING SANITAIR CENTER
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Of 473 companies in sector 46842 we hold annual accounts for 346. 262 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-04-1986
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
46842Wholesale trade
51542
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.