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V & V ENGINEERING

Active Private limited companyfounded 2002active for 24 yearsBargiestraat 15, 8900 YpresKBO/BCE: BE 0477.071.635
V & V ENGINEERING
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Overview

Lifetime

20 annual accounts with figures on one time axis, 23 filings since 2003
peak €164,866 (2024)
€93,489▼ 43.3%
lowest -€32,080 (2009)
€3,241▼ 94.3%
peak €117,673 (2025)
€117,673▲ 2.8%
€252,576▲ 7.2%
peak 2 FTE (2009)
-not published
Board2 names since 2005
2 directorsVANSTRACEELE and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from €164,866 to €93,489Result from €57,125 to €3,241Cash from €63,265 to €21,909

Key points

from the 2025 annual accounts

Equity

€117,673 ▲ 2.8%

V & V ENGINEERING has made a profit without a break since 2016.

Result

€3,241 ▼ 94.3%
€57,1002024€3,2402025

The result fell in 2025 from €57,125 to €3,241.

Turnover

≈ €280,000 estimated

The micro format states no turnover.

Checked score

82
Excellent
Financially stronger than 34% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).

About 4 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 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Average

57-1equity 31.8% of total assets
34-19short-term debt 47.4% · cash 5.9%
70-19return on assets 0.9%

Score breakdown

raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 1.10, cash €21,909, halved
lowers risk
Size: total assets €370,249
Founded in 2002
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 25, micro). It does better than 34% of them on solvency, 21% on liquidity, 38% on profitability and 44% on growth.

The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 17,041 companies had the same profile as V & V ENGINEERING has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

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

That fits the bankruptcy probability of V & V ENGINEERING itself: 0.4% 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 17,041 companies, not a prediction for V & V ENGINEERING. 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 €9,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.1 (1.18 in 2024), below the usual 1.5. Short-term debt is 47.4% and cash 5.9% of total assets. 68.2% 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 riskneutral
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Size: total assets €370,249
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 1.10, cash €21,909, halved
NBB · annual accounts
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
20 days early
2023
56 days early
2022
35 days early
2021
18 days early
2020
31 days late
2019
61 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 7 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · 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 11 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

V
VANSTRACEELE
Director, since 21-04-2005
VE
VANDYCKE ENGINEERING
Director, since 01-07-2011
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0477071635
Permanent representatives: Philip Vanstraceele and Vandycke François General meeting of 21-12-2020 · Gazette deed
First establishment Bargiestraat 15A, Ypres
Incorporation published on 26-03-2002 · Gazette deed
All 32 events

Comparable companies

same main activity, similar in size and age
Company
V & V ENGINEERING Ypres €0.4m €93,489 31.8% -
VILZ Bullange €0.2m €50,595 57.8% -
INDUSTRIELE VENTILATIE TECHNIEKEN Hamont-Achel €0.7m €187,922 91.2% 3.4
RUDINOX Zandhoven €0.1m €100,697 -282.9% -
MIDDER Etterbeek €0.2m €33,470 58.8% -
NELCO Evergem €1.1m €158,739 88.0% 1.4
DE COCK H. MATRIJZEN Zaventem €1.4m €84,159 93.9% -

These companies have the same main activity as V & V ENGINEERING: manufacture of fabricated metal products, except machinery and equipment (NACE 25402). They are comparable in size and age: total assets between €118,000 and €1.4m, founded between 1994 and 2008.

Official details

Source: KBO
Status
Active since 13-03-2002Normal situation
Activity
Manufacture of fabricated metal products, except machinery and equipmentNACE 25402and 1 other
Establishment unit
2.101.704.1468900 Ypres, since 09-04-2002
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€93,489▼ 43.3%
€3,241▼ 94.3%
€117,673▲ 2.8%
€370,249▲ 5.8%
Employeeson 31-12-2025
1=
Filing
Filed on 17-07-2026, 14 days before the end of the filing period
Financials

Insights on V & V ENGINEERING

V & V ENGINEERING files the micro format. That format states no turnover. The gross margin fell from €111,094 in 2006 to €93,489 in 2025.

The balance sheet grew most in 2008 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 17-07-2026, 14 days before the deadline
€93,489
▼ 43.3%
€9,756
▼ 87.2%
€3,241
▼ 94.3%
€17,042
▼ 33.5%
31.8%
▼ 0.9 percentage points
1.10
▼ 0.08

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €280,000. Estimated: probably between €190,000 and €490,000.

Balance sheet

balance sheet total €370,249 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

31.8%

Higher than 37% of 2,341 companies in 2025.

1.10

Higher than 30% of 2,307 companies in 2025.

0.9%

Higher than 28% of 2,321 companies in 2025.

V & V ENGINEERING Middle half of the sector 80% of the sector Micro accounts in fabricated metal products (NACE 25)

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

Staff

€51,101

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

Blue and white collar1 blue-collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 370,249349,944387,313394,503341,156345,480359,385437,116449,471455,283463,337388,550380,931405,826388,809434,993449,283475,508219,513247,722
21/28 177,664178,247182,675197,818197,342212,767228,711250,133274,325294,788322,390243,104271,302262,058285,483315,858354,495384,210130,939165,255
21 12,4519,318-------312623---1623231013112,2206,100
22/27 165,212168,929182,675197,818197,342212,767228,711250,133274,325294,476321,766243,104271,302262,058285,321315,535354,394383,899124,129156,215
22 121,419129,513137,606145,700153,794161,887169,981178,075186,169194,262202,356210,450218,543226,637234,731242,898251,066258,565--
23 36,79330,84738,45945,21736,65049,62156,50267,54080,75186,65799,0116,47117,16728,84241,90565,71294,119115,434114,96758,217
24 5,3865,3121,7081,6802831,2581,6282,4423,8533,5746,8209,91313,3224,3275,6385,0986,3735,5103,2202,666
26 1,6143,2584,9015,2216,61506002,0773,5539,98313,58016,27022,2692,2513,0471,8262,8374,3895,9421,478
28 ------------------4,5902,940
29/58 192,585171,696204,639196,685143,814132,714130,674186,982175,146160,495140,947145,446109,629143,768103,327119,13594,78891,29888,57482,467
3 54,85940,93160,44370,65473,48560,77037,11135,89950,57753,42960,60252,79744,01545,55547,32830,23633,07034,51138,12527,733
30/36 54,85940,93160,44370,65473,48560,77037,11135,89950,57753,42960,60252,79744,01545,55547,32830,23633,07034,51138,12527,733
40/41 84,44544,19865,00587,80649,79455,77384,874122,43094,99493,09673,88885,40963,96674,02440,96073,87546,45641,68049,32053,694
40 64,92530,25542,38474,74740,24046,38565,95996,95483,15688,33670,50677,30261,98868,29340,60172,76944,10739,55049,00553,482
41 19,52013,94322,62213,0599,5549,38818,91625,47711,8384,7603,3828,1071,9785,7323591,1052,3492,130315212
50/53 ------------------89-
54/58 21,90963,26553,49934,24317,11113,0055,93627,67927,56612,0844,8974,98539720,5798,5944,3152,564508--
490/1 31,37323,30225,6913,9823,4253,1662,7529752,0101,8851,5592,2561,2503,6096,44410,71012,69814,5991,0401,040
Balance sheet: equity and liabilities
10/49 370,249349,944387,313394,503341,156345,480359,385437,116449,471455,283463,337388,550380,931405,826388,809434,993449,283475,508219,513247,722
10/15 117,673114,43372,30840,34934,69331,86729,43526,61720,7387,929-2,3574,7245,4077,2548,56923,18415,36047,44036,66135,051
10/11 21,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,000
100 ------21,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,000
13 96,67393,43351,30019,30013,10010,1008,1005,5002,1842,1842,1842,1842,1842,1842,1842,18426,10026,10015,10013,100
130/1 -----0--------------
130 ------2,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,100
1311 -----0--------------
133 96,67393,43351,30019,30013,10010,1006,0003,400848484848484848424,00024,00013,00011,000
14 00849593767335117-2,446-15,255-25,542-18,460-17,778-15,930-14,615--31,740340561951
17/49 252,576235,511315,005354,154306,463313,613329,951410,498428,733447,354465,694383,826375,524398,572380,240411,809433,923428,068182,851212,671
17 76,32589,443124,942143,567144,218171,483183,166205,378237,716268,993299,248233,782264,926288,242275,003298,354324,017342,78925,02441,000
170/4 36,32549,44359,94278,56779,21891,483103,166125,378157,716188,993219,248153,782162,512170,828275,003193,188204,017222,78925,02441,000
178/9 40,00040,00065,00065,00065,00080,00080,00080,00080,00080,00080,00080,000102,414117,414-105,166120,000120,000--
42/48 175,543146,068190,063210,587162,245142,130134,282178,166173,099169,104166,447150,044110,598110,329103,467111,855104,36775,847151,651164,855
42 22,61719,39918,62517,87512,26511,68322,21232,33831,27730,25429,2688,7308,31610,96011,40010,82818,77226,30815,97528,963
43 32,500--043,10030,00030,000---35,80035,800---1,2002,0005,5715941,352
430/8 32,500--043,10030,00030,000---35,80035,800---1,2002,0005,5715941,352
44 51,09628,27385,03031,09529,88927,4932,48385,48267,31884,24235,61952,49136,95549,65026,06623,98016,49716,92314,70311,160
440/4 51,09628,27385,03031,09529,88927,4932,48385,48267,31884,24235,61952,49136,95549,65026,06623,98016,49716,92314,70311,160
46 --021,300----------------
45 4,4775,8923,5597,5761,6306,1073923729,1469,1093,6688,4607,1917,14212,92328,26426,73119,09413,83416,495
450/3 702--01,6306,1073922469,1465,8464072,7751,67385878715,73514,03710,6055,0466,256
454/9 3,7755,8923,5597,576---126-3,2633,2615,6855,5186,28412,13612,52912,6948,4898,78810,238
47/48 64,85292,50482,849132,74175,36166,84679,19659,97465,35845,49862,09244,56358,13642,57853,07747,58240,3677,952106,544106,885
492/3 708----012,50226,95417,9179,256----1,7701,6005,5399,4326,1766,816
Income statement
76A ----------1,400-----124,805-69,633
9900 93,489164,866132,732117,087102,78691,528123,36295,519112,546113,46291,60894,21599,327102,278135,807149,571109,41699,28695,190111,094
62 51,10152,16750,77647,04445,13142,87042,53641,48940,70041,03339,38639,29039,02647,10677,82075,02676,52345,01537,76737,202
630 25,53629,60326,95524,36723,06522,95623,39124,19231,28230,75132,64929,50831,27027,23142,88140,62141,65644,91048,06255,557
640/8 7,0967,0326,8876,3776,8006,3196,0195,9019,0452,9768,6965,0767,1198,8008,7798,8696,2665,820433420
66A ---------1,908----------
9901 9,75676,06548,11439,29827,79119,38351,41623,93731,52036,79510,87720,34221,91319,1426,32625,055-15,0283,5418,92717,916
75/76B 02771,0304,2661,3703238344527,2825983841451742162,2865044,610192840
75 02771,0304,2661,3703238344525,1165983841451742162,2865044,610192840
76B --------2,166-----------
65/66B 5,7945,0866,1247,4877,4897,63216,61515,43917,05321,50619,72018,42322,96120,53121,15719,51617,55818,4777,50911,427
65 5,7945,0866,1247,4877,4897,63216,61515,43917,05321,50619,72018,42322,96120,53121,15719,51617,55818,4777,50911,427
9903 3,96271,25543,02036,07721,67112,07535,6348,94921,74815,887-7,0591,933-997-1,315-14,6157,824-32,08114,4791,61076,961
67/77 72214,13111,0624218456422,8173,0708,9395,600222,6168501---13,700--6
9904 3,24157,12531,95935,65720,82611,43332,8175,87912,80910,287-7,081-683-1,847-1,315-14,6157,824-32,08010,7791,61076,967
9905 3,24157,12531,95935,65720,82611,43332,8175,87912,80910,287-7,081-683-1,847-1,315-14,6157,824-32,08010,7791,61076,967
Appropriation of the result
9906 3,24157,13332,00836,24921,59311,76732,9353,433-2,446-15,255-25,542-18,460-17,778-15,930-14,615-23,916-31,74011,3402,56114,051
14P 0849593767---------------
791/2 ---------------23,916----
691/2 3,24142,13332,0006,2003,0002,0002,6003,316---------11,0002,00013,100
6920 -------------------2,100
6921 3,24142,13332,0006,2003,0002,0002,6003,316---------11,0002,00011,000
694/7 015,000030,00018,0009,00030,000-------------
695 015,000030,00018,0009,00030,000-------------
Social balance sheet
9087 11111111111111.22221.211
Hours worked1013 1,7481,7531,7651,7611,7481,7091,7441,7441,7401,7571,7281,6731,6352,0183,4813,4693,4622,1571,7141,735
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 15 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 17-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-07-2026 2026-00302920 PDF
31-12-2024 micro format 11-07-2025 2025-00261358 PDF
31-12-2023 micro format 05-06-2024 2024-00109855 PDF
31-12-2022 micro format 26-06-2023 2023-00155979 PDF
31-12-2021 micro format 13-07-2022 2022-20183226 PDF
31-12-2020 micro format 31-08-2021 2021-61000109 PDF
31-12-2019 micro format 30-09-2020 2020-57200019 PDF
31-12-2018 micro format 12-07-2019 2019-32000412 PDF
31-12-2017 micro format 17-07-2018 2018-33900071 PDF
31-12-2016 micro format 30-08-2017 2017-54100307 PDF
31-12-2015 abbreviated format 19-08-2016 2016-44500438 PDF
31-12-2014 abbreviated format 13-08-2015 2015-42000494 PDF
31-12-2013 abbreviated format 19-06-2014 2014-19200326 PDF
31-12-2012 abbreviated format 02-05-2013 2013-11000352 PDF
31-12-2011 abbreviated format 20-08-2012 2012-42800288 PDF
31-12-2010 abbreviated format 20-05-2011 2011-11700001 PDF
31-12-2009 abbreviated format 27-08-2010 2010-45100137 PDF
31-12-2008 abbreviated format 02-06-2009 2009-17200356 PDF
31-12-2007 abbreviated format 30-04-2008 2008-12200022 PDF
31-12-2006 abbreviated format 30-04-2007 2007-12800309 PDF
31-12-2005 abbreviated format 07-07-2006 2006-43301261 PDF
31-12-2004 abbreviated format 22-07-2005 2005-55200520 PDF
31-12-2003 abbreviated format 12-05-2004 2004-14404356 PDF

Subsidies and aid

Flemish government 2023, 1 entry, €9,000 awarded, €9,000 paid

Subsidies voor internationaal ondernemen
€9,000

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
35,292105,66775,06963,66550,85542,33974,80748,12962,80167,54643,52649,84953,18346,37349,20865,67626,62748,45156,99073,472
28,77686,72758,91460,02343,89034,38856,20830,07144,09141,03725,56828,82529,42325,91628,26648,4459,57655,68849,673132,524
24,95225,17511,81124,8437,6407,0111,969012,2656,057111,9341,31040,5143,80612,5061,98512,304277,96613,7479,101
-41,3569,76619,25617,1324,1057,069-21,74311315,4817,187-874,587-20,18211,9854,2801,7512,056---
17,04225,62814,576-13,902-18,431-9,416-3,6088,8162,047-8,609-25,499-4,598-96933,439-1417,280-9,57815,451-63,077-82,388
31.8%32.7%18.7%10.2%10.2%9.2%8.2%6.1%4.6%1.7%-0.5%1.2%1.4%1.8%2.2%5.3%3.4%10.0%16.7%14.1%
1.101.181.080.930.890.930.971.051.010.950.850.970.991.301.001.070.911.200.580.50
0.780.900.760.600.430.510.700.850.720.630.480.620.590.890.540.790.590.750.330.33
2.152.064.368.788.839.8411.2115.4220.6756.42-81.2569.4554.9544.3717.7628.259.024.996.07
2.8%49.9%44.2%88.4%60.0%35.9%111.5%22.1%61.8%129.7%--14.5%-34.2%-18.1%-170.5%33.7%-208.8%22.7%4.4%219.6%
0.9%16.3%8.3%9.0%6.1%3.3%9.1%1.3%2.8%2.3%-1.5%-0.2%-0.5%-0.3%-3.8%1.8%-7.1%2.3%0.7%31.1%
6.0920.7812.268.506.79---------------

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date11111
full-time11111
part-time00000
in full-time equivalents11111
11111
On a permanent contract11111

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

Securities and guarantees

on own assets and for others
Item20252024202320222021
Mortgages, amount registered€231,000€231,000€231,000€231,000€231,000
Carrying value of the mortgaged assets€144,739€142,582€153,096€160,356€153,794

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€17,412€13,969€11,811€24,843€7,640
Intangible fixed assets€7,540€11,206---
€25,536€29,603€26,955€24,367€23,065

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

Insights on V & V ENGINEERING

The operating result for 2025 is 87% lower than in 2024 and the lowest since 2011.

Debt's share of the balance-sheet total rises from 67.3% to 68.2%. Equity and debt are higher.

Board & ownership

Board

2 directors
VANSTRACEELE
Director
since 21-04-2005
listed in the 2025 annual accounts, filed on 17-07-2026
VANDYCKE ENGINEERING
Director
since 01-07-2011
listed in the 2025 annual accounts, filed on 17-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 31-12-2020

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
VANSTRACEELE
Director
VANDYCKE ENGINEERING
Director
Board
Mandates as a list
  • VANSTRACEELE
    • Director, from 21-04-2005 to date
  • VANDYCKE ENGINEERING
    • Director, from 01-07-2011 to date

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
€21,000
Source
2025 annual accounts

Articles of association

deed of 31-12-2020 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June at 12:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Network & group

No group

V & V ENGINEERING has no parent and no holdings in its annual accounts. V & V ENGINEERING shares no director with another company.

Timeline

Timeline

32 events since 2002

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0477071635
Annual accounts 2025 filed NBBmicro format · 14 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 20 days before the deadline
2024
Equity above €100,000 equity €114,433 ▲58.3% After 9 profitable years in a row, equity reaches €114,433.
Annual accounts 2023 filed PDFmicro format · 56 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 35 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 18 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Permanent representatives: Philip Vanstraceele and Vandycke FrançoisGeneral meeting of 21-12-202010 points ▸
  • General meeting, 21-12-2020
  • Amendment of the articles, article 1
  • Amendment of the articles, article 2
  • Amendment of the articles, article 5, mentioned twice in the deed
  • Amendment of the articles, article 10
  • Board composition, VANSTRACEELE (director)
  • Permanent representative, Philip Vanstraceele
  • Board composition, VANDYCKE ENGINEERING (director)
  • Permanent representative, Vandycke François
  • Power of attorney, STEVEN VANDEN DAELEN
  • The deed holds 14 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 61 days late
2019
Annual accounts 2018 filed PDFmicro format · 19 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 14 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 30 days late
2016
Back to profit net €10,287 The net result is €10,287, after 5 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 19 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 13 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 42 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 90 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 20 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 72 days before the deadline
2010
Back to profit net €7,824 The net result is €7,824, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 27 days late
2009
Weakest financial year net -€32,080 The net result drops to -€32,080, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 59 days before the deadline
2008
Liquidity more than doubled current ratio 1.20 The current ratio rises from 0.58 to 1.20. Short-term debt falls from €151,651 to €75,847.
Annual accounts 2007 filed PDFabbreviated format · 92 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 92 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2002
First establishment Bargiestraat 15A, Ypres
Incorporation published on 26-03-2002

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

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 13 March 2002, V & V ENGINEERING was incorporated.1 Total assets went from €437,116 in 2018 to €370,249 in 2025 and headcount from 1 to 1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0477.071.635
VAT number
BE 0477.071.635
Peppol ID
0208:0477071635
Legal form
Private limited company
Status
Active, normal situation
Founded
13-03-2002
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June at 12:00
deed of 31-12-2020 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
V & V ENGINEERING in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 31-12-2020 (in Dutch)

Activities

NACEBEL 2025
VAT activities
25402 Manufacture of fabricated metal products, except machinery and equipment main activity
Social security (RSZ) activities
25631 Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
25502 Manufacture of fabricated metal products, except machinery and equipment main activity
Social security (RSZ) activities
25731 Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
VAT activities
28402 main activity
Social security (RSZ) activities
29563 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Bargiestraat 15 registered office 8900 Ypres
Bargiestraat 15A 8900 Ypres 09-04-2002 2.101.704.146

Location

registered office establishment approximate The establishment unit on the map

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