VACO TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of VACO TECHNICS is 1.9% (moderate). The 2025 annual accounts show equity of €59,489 and a net result of €6,042. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency41▼-22
Growth38=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 1.73 in 2024; short-term debt: 45% and cash: 23.1% of total assets), and 83.8% 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
16.2%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 19%
← weakest
strongest →
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
23 d late
2022
29 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 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
Turnover
€616,386▼ 7.5%
2020 · €666,591
EBIT margin
9.0%▼ 3.5pp
2020 · 12.4%
Net result
€6,042▲ 35.6%
2024 · €4,455
Working capital
-€34,098
2024 · €43,247
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
Line20212022202320242025
Turnover€616,386▼ 7.5%
Operating result€55,203▼ 33.4%€17,499▼ 68.3%€3,681▼ 79.0%€17,881▲ 386%€9,452▼ 47.1%
Net result€52,931above the sector's middle half▼ 7.4%€18,848within the sector's middle half▼ 64.4%-€1,257below the sector's middle half€4,455within the sector's middle half€6,042within the sector's middle half▲ 35.6%
EBIT margin9.0%▼ 3.5pp
Equity€112,067within the sector's middle half▲ 89.5%€130,915above the sector's middle half▲ 16.8%€129,658within the sector's middle half▼ 1.0%€134,113within the sector's middle half▲ 3.4%€59,489within the sector's middle half▼ 55.6%
Total assets€338,875above the sector's middle half▲ 369%€385,113above the sector's middle half▲ 13.6%€380,510above the sector's middle half▼ 1.2%€352,084above the sector's middle half▼ 7.5%€367,699above the sector's middle half▲ 4.4%
Debt€226,808▲ 1,626%€254,198▲ 12.1%€250,851▼ 1.3%€217,971▼ 13.1%€308,210▲ 41.4%
Working capital€48,088▲ 43.9%€59,883▲ 24.5%€51,824▼ 13.5%€43,247▼ 16.5%-€34,098
Solvency33.1%within the sector's middle half▼ 48.7pp34.0%within the sector's middle half▲ 0.9pp34.1%within the sector's middle half▲ 0.1pp38.1%within the sector's middle half▲ 4.0pp16.2%below the sector's middle half▼ 21.9pp
Staff (FTE)11=1=1=
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 falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367,699
Fixed assets
€236,303 ▼ 5.3%
Current assets
€131,396 ▲ 28.0%
Equity and liabilities €367,699
Equity
€59,489 ▼ 55.6%
Debt
€308,210 ▲ 41.4%
Debt's share of the balance-sheet total rises from 61.9% to 83.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,068▼
2024 · €34,079
Cash flow
€23,658▲
2024 · €20,653
Current ratio
0.79▼
2024 · 1.73
Quick ratio
0.73▼
2024 · 1.39
Debt to equity
5.18▲
2024 · 1.63
ROE
10.2%▲
2024 · 3.3%
ROA
1.6%▲
2024 · 1.3%
Interest coverage
7.66▼
2024 · 11.40
Debt ≤ 1 year
€165,494▲
2024 · €59,428
Debt > 1 year
€142,716▼
2024 · €158,543
Income taxes
€0▼
2024 · €10,536
Staff costs
€63,255▲
2024 · €61,289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,273 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €616,386 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €473,650 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €81,008 | €82,398 | €101,303 | €61,289 | €63,255 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,500 | €12,619 | €13,895 | €16,198 | €17,616 | ▲ 8.8% |
| Other operating charges640/8 | €1,056 | €727 | €907 | €2,407 | €3,048 | ▲ 26.6% |
| Gross operating margin9900 | €144,766 | €113,243 | €119,786 | €97,775 | €93,371 | ▼ 4.5% |
| Operating profit (loss)9901 | €55,203 | €17,499 | €3,681 | €17,881 | €9,452 | ▼ 47.1% |
| Financial income75/76B | €218 | €482 | €199 | €99 | €122 | ▲ 23.3% |
| Recurring financial income75 | €218 | €482 | €199 | €99 | €122 | ▲ 23.3% |
| Financial charges65/66B | €2,490 | €3,246 | €3,064 | €2,989 | €3,532 | ▲ 18.2% |
| Recurring financial charges65 | €2,490 | €3,246 | €3,064 | €2,989 | €3,532 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €52,931 | €14,735 | €816 | €14,991 | €6,042 | ▼ 59.7% |
| Income taxes67/77 | - | -€4,113 | €2,072 | €10,536 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €52,931 | €18,848 | -€1,257 | €4,455 | €6,042 | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €52,931 | €18,848 | -€1,257 | €4,455 | €6,042 | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €338,875 | €385,113 | €380,510 | €352,084 | €367,699 | ▲ 4.4% |
| Fixed assets21/28 | €262,343 | €260,453 | €251,947 | €249,409 | €236,303 | ▼ 5.3% |
| Tangible fixed assets22/27 | €262,343 | €260,453 | €251,947 | €249,409 | €236,303 | ▼ 5.3% |
| Land and buildings22 | €262,343 | €253,563 | €241,733 | €231,069 | €220,253 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | €6,890 | €5,290 | €3,690 | €3,973 | ▲ 7.6% |
| Furniture and vehicles24 | - | - | €4,923 | €14,650 | €12,078 | ▼ 17.6% |
| Current assets29/58 | €76,532 | €124,660 | €128,563 | €102,675 | €131,396 | ▲ 28.0% |
| Stocks and contracts in progress3 | - | €43,283 | €19,936 | €20,220 | €9,857 | ▼ 51.3% |
| Contracts in progress37 | - | €43,283 | €19,936 | €20,220 | €9,857 | ▼ 51.3% |
| Amounts receivable within one year40/41 | €30,749 | €47,942 | €71,123 | €35,125 | €36,510 | ▲ 3.9% |
| Trade receivables40 | €5,744 | €22,877 | €51,202 | €16,656 | €24,107 | ▲ 44.7% |
| Other amounts receivable41 | €25,006 | €25,065 | €19,920 | €18,469 | €12,403 | ▼ 32.8% |
| Cash at bank and in hand54/58 | €45,783 | €33,434 | €37,504 | €47,322 | €85,022 | ▲ 79.7% |
| Deferred charges and accrued income490/1 | - | - | - | €8 | €8 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €338,875 | €385,113 | €380,510 | €352,084 | €367,699 | ▲ 4.4% |
| Equity10/15 | €112,067 | €130,915 | €129,658 | €134,113 | €59,489 | ▼ 55.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €57,136 | €110,067 | €128,915 | €132,113 | €57,489 | ▼ 56.5% |
| Distributable reserves133 | €57,136 | €110,067 | €128,915 | €132,113 | €57,489 | ▼ 56.5% |
| Profit (loss) carried forward14 | €52,931 | €18,848 | -€1,257 | €0 | €0 | - |
| Amounts payable17/49 | €226,808 | €254,198 | €250,851 | €217,971 | €308,210 | ▲ 41.4% |
| Amounts payable after more than one year17 | €198,363 | €189,421 | €174,112 | €158,543 | €142,716 | ▼ 10.0% |
| Financial debts170/4 | €198,363 | €189,421 | €174,112 | €158,543 | €142,716 | ▼ 10.0% |
| Amounts payable within one year42/48 | €28,445 | €64,777 | €76,739 | €59,428 | €165,494 | ▲ 178% |
| Current portion of amounts payable after more than one year42 | €13,517 | €15,068 | €15,308 | €15,569 | €15,827 | ▲ 1.7% |
| Trade debts44 | €6,914 | €45,981 | €57,564 | €42,357 | €64,554 | ▲ 52.4% |
| Suppliers440/4 | €6,914 | €45,981 | €57,564 | €42,357 | €64,554 | ▲ 52.4% |
| Taxes, remuneration and social security45 | €8,014 | €3,728 | €3,867 | €1,501 | €4,447 | ▲ 196% |
| Taxes450/3 | €5,714 | €0 | €0 | - | - | - |
| Remuneration and social security454/9 | €2,300 | €3,728 | €3,867 | €1,501 | €4,447 | ▲ 196% |
| Other amounts payable47/48 | - | €0 | - | - | €80,666 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,931 | €18,848 | -€1,257 | €4,455 | €6,042 | ▲ 35.6% |
| + Depreciation and write-downs630 | €7,500 | €12,619 | €13,895 | €16,198 | €17,616 | ▲ 8.8% |
| Operating cash flow (approximation) | €60,431 | €31,467 | €12,639 | €20,653 | €23,658 | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | -€10,729 | -€5,389 | -€13,661 | -€4,511 | ▲ 67.0% |
| Change in cash | - | -€12,349 | €4,070 | €9,818 | €37,700 | ▲ 284% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,455
Net result €4,455 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet -€1,257
Net result drops to -€1,257, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100,000Eq €112,067 ▲89.5%
2 profitable years in a row build equity to €112,067.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Scherpenheuvel-Zichem · 1 establishment unit since 2019
Ground area
842 m²
Building footprint
102 m²
Volume, LiDAR
518 m³
Parcel 24129D0112/00L000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VACO TECHNICS
since 20192.290.220.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24129D0112/00L000 | Flanders | 842 m² | 1 · 102 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,683 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
Founded10-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726666293
Also
9925:BE0726666293
Registered
08-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.