Equity
€281,168 ▼ 14.5%
VAS Elektro paid out €150,000 in dividends. That is 147% of the 2025 profit.
VAS Elektro
Lifetime
6 annual accounts with figures on one time axispeak €657,802 (2025)
€657,802▲ 30.6%
peak €195,120 (2022)
€102,227▲ 73.1%
peak €328,941 (2024)
€281,168▼ 14.5%
€857,956▲ 1.1%
peak 6.2 FTE (2025)
6.2 FTE▲ 21.6%
Board3 names since 2019
3 directorsSeBus and 2 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Gross margin from €503,704 to €657,802Result from €59,071 to €102,227Staff from 5.1 FTE to 6.2 FTERegistered office moved within Duffel 19-12Dividend €150,000Equity from €328,941 to €281,168
Key points
from the 2025 annual accountsTurnover
≈ €1.4m estimated
The accounts state no turnover.
Debts
€857,956 75% of the balance sheet
Financial debts 52%Suppliers 19%Taxes and wages 6%Other 22%
Of this, €408,878 falls due within a year.
Staff
5 employees on 31-12-2025
In 2025, 2 people joined and 3 left.
Filings
6 annual accounts 2 late
The 2022 accounts came latest: 29 days after the end of the period.
Starting capital
€21,000 300 shares
Checked score
54
Fair
Financially stronger than 36% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.2 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.8%▼ -0.1 percentage points vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.3%▲ +0.4 percentage points vs 12-2025
02-2026: 1.1%▼ -0.2 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.2 percentage points vs 03-2026
05-2026: 1.5%▲ +0.2 percentage points vs 04-2026
06-2026: 1.7%▲ +0.2 percentage points vs 05-2026highest value
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 1.7%● unchanged vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2019
Size: 6.2 FTE, total assets €1.1m
lowers risk
Figures for financial year 2025 (filed on 29-06-2026)
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 26% of them on solvency, 38% on liquidity, 59% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 6,713 companies had the same profile as VAS Elektro has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAS Elektro itself: 1.7% 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.
| 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 6,713 companies, not a prediction for VAS Elektro. 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 €15,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (1.32 in 2024), below the usual 1.5. Short-term debt is 35.9% and cash 10.5% of total assets. 75.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 days early
2024
28 days early
2023
7 days late
2022
29 days late
2021
24 days early
2020
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 12 days before 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)
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 7 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SELS Jan 100 sharesdeed of 04-11-2019
- SELS Frank 100 sharesdeed of 04-11-2019
- VAN AKEN (Van Aken) Filip 100 sharesdeed of 04-11-2019
Recent changes
Registered office moved within Duffel
New registered office: Liersesteenweg 5b, 2570 Duffel · Previous registered office: Kiliaanstraat 10, 2570 Duffel · General meeting of 01-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0736941761
New establishment in Duffel
Lintsesteenweg 8
Incorporation
Founding capital of €21,000, 300 shares · Founders: SELS Jan, SELS Frank and VAN AKEN (Van Aken) Filip · Appointments: SeBus, SELS Jan and VAN AKEN (Van Aken) Filip · published on 04-11-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAS Elektro Duffel | €1.1m | €657,802 | 24.7% | 6.2 |
| Tutela Novitas Defensio Technology Ghent | €1.2m | €659,951 | 19.6% | 6.1 |
| BaHoTech Mol | €1.1m | €874,628 | 77.5% | 5 |
| WIRELINE Heist-op-den-Berg | €1.2m | €660,924 | 47.9% | 6 |
| STROOM Zoersel | €0.8m | €609,533 | 18.6% | 8.3 |
| Itechs Antwerp | €1.1m | €555,917 | 73.0% | 9.2 |
| BREUGELMANS HVAC Kasterlee | €0.8m | €619,163 | 42.3% | 4.9 |
These companies have the same main activity as VAS Elektro: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €769,000 and €1.2m, founded between 2016 and 2021.
Official details
Source: KBO- Status
- Active since 30-10-2019Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.295.340.0012570 Duffel, since 30-10-2019
- 2.356.859.1812570 Duffel, since 14-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2025
Annual accounts 2025
- €1.1m▼ 3.3%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on VAS Elektro
VAS Elektro files the abbreviated format. That format states no turnover. The gross margin rose from €46,755 in 2020 to €657,802 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAS Elektro
- What is the company number of VAS Elektro?
- The company number of VAS Elektro is 0736.941.761. The VAT number is the same number with BE in front: BE 0736.941.761.
- Where is VAS Elektro based?
- The registered office is at Liersesteenweg 5b, 2570 Duffel.Company details
- What does VAS Elektro do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VAS Elektro?
- VAS Elektro is a private limited company (BV).
- When was VAS Elektro founded?
- VAS Elektro was founded on 30-10-2019.
- Is VAS Elektro still active?
- Yes, VAS Elektro is an active enterprise in the KBO register.
- How many employees does VAS Elektro have?
- VAS Elektro had an average of 6.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VAS Elektro fall under?
- In its 2025 annual accounts, VAS Elektro states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VAS Elektro?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €657,802 and 35 comparable companies (NACE 43211). It probably lies between €1.3m and €1.8m.
- Is VAS Elektro profitable?
- In financial year 2025, VAS Elektro made a profit of €102,227.
- Where can I find the annual accounts of VAS Elektro?
- VAS Elektro filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAS Elektro due?
- VAS Elektro must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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