Equity
€90,499 ▲ 19.3%
VAST Projects has made a profit in every financial year since 2019.
VAST Projects
Lifetime
7 annual accounts with figures on one time axispeak €63,468 (2025)
€63,468▲ 4.5%
peak €18,323 (2023)
€7,217▼ 55.6%
peak €90,499 (2025)
€90,499▲ 19.3%
€258,403▲ 24.1%
Board1 name since 2022
1 directorVANDER LINDEN Stijn
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Result from €16,243 to €7,217Equity from €75,882 to €90,499Debts from €208,219 to €258,403
Key points
from the 2025 annual accountsDebts
€258,403 74% of the balance sheet
Financial debts 50%Suppliers 4%Taxes and wages 4%Other 43%
Of this, €129,970 falls due within a year.
Liquidity
0.93 was 0.33 in 2024
Short-term debts rose from €85,613 to €129,970.
2026 accounts not filed, 10 days past the deadline
Checked score
55
Fair
Financially stronger than 39% 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: 3.0%highest value
01-2025: 2.1%▼ -0.9 percentage points vs 12-2024
02-2025: 1.9%▼ -0.2 percentage points vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.8%▼ -0.1 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 1.8%● unchanged vs 06-2025
08-2025: 1.6%▼ -0.2 percentage points vs 07-2025
09-2025: 1.5%▼ -0.1 percentage points vs 08-2025
10-2025: 1.6%▲ +0.1 percentage points vs 09-2025
11-2025: 1.3%▼ -0.3 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026lowest value
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.4%▲ +0.1 percentage points vs 09-2026
11-2026: 1.7%▲ +0.3 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; 1 of the last 3 accounts late
Liquidity: current ratio 0.93, cash €2,654
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €348,902
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 27% of them on solvency, 22% on liquidity, 41% on profitability and 67% 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 31-03-2025.
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, 3,274 companies had the same profile as VAST Projects has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAST Projects 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 3,274 companies, not a prediction for VAST Projects. 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 €4,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (0.33 in 2024), below 1. Short-term debt is 37.3% and cash 0.8% of total assets. 74.1% 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 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
27 days late
2023
49 days late
2022
2 days late
2021
37 days late
2020
25 days late
← 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 23 days after 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676972205
Legal-form change · Resignations & appointments
Director in office: VANDER LINDEN Stijn · General meeting of 08-05-2023 · Gazette deed
Incorporation
published on 22-06-2017 · Gazette deed
First establishment
Waterstraat 118, Tienen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAST Projects Tienen | €348,902 | €63,468 | 25.9% | - |
| ISTS Meise | €302,101 | €72,438 | 75.2% | - |
| L.A. Elec Sombreffe | €356,471 | €68,693 | 72.1% | - |
| JEVACON Geraardsbergen | €325,879 | €60,348 | 23.5% | - |
| T&D-TECHNIEKEN Brecht | €371,866 | €67,247 | 24.6% | - |
| Plétinckx & fils Silly | €377,612 | €63,055 | -2.2% | - |
| EC ELEKTROTECHNIEKEN COOREMAN Ninove | €364,897 | €67,324 | 32.1% | - |
These companies have the same main activity as VAST Projects: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €302,000 and €378,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 20-06-2017Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.265.718.6743300 Tienen, since 20-06-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 12-12-2025
Annual accounts to 31-03-2025
- ≈ €250,000estimated
- €348,902▲ 22.8%
- Filing
- Filed on 31-10-2025
Insights on VAST Projects
VAST Projects files the micro format. That format states no turnover. The gross margin rose from €15,198 in 2019 to €63,468 in 2025.
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 VAST Projects
- What is the company number of VAST Projects?
- The company number of VAST Projects is 0676.972.205. The VAT number is the same number with BE in front: BE 0676.972.205.
- Where is VAST Projects based?
- The registered office is at Waterstraat 118, 3300 Tienen.Company details
- What does VAST Projects do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VAST Projects?
- VAST Projects is a private limited company (BV).
- When was VAST Projects founded?
- VAST Projects was founded on 20-06-2017.
- Is VAST Projects still active?
- Yes, VAST Projects is an active enterprise in the KBO register.
- What is the turnover of VAST Projects?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €63,468 and 40 comparable companies (NACE 43211). It probably lies between €150,000 and €390,000.Financials
- Is VAST Projects profitable?
- In financial year 2025, VAST Projects made a profit of €7,217.
- Where can I find the annual accounts of VAST Projects?
- VAST Projects filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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