VAULT ENGINEERING
ActiveSummary
VAULT ENGINEERING has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,279 and a net result of €24,785. Equity has been stable since 2018 (±1.9% per year). Its solvency ranks better than 33% of 1,684 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-05-1989 Normal situation
- Activity
- Installation of industrial machinery and equipment NACE 33200and 1 other
- Establishment unit
- 2.044.389.123 9600 Ronse, since 09-06-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Board and ownership
- Bohez Jean-FrançoisDirector
- DEN ZAVELPUT99.87%2025 annual accounts of DEN ZAVELPUT
- Holdings
- Shares in 2 companies BOHEZ Concept & Support and MOVEX
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €102,132
- ▲ 22.0%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €24,785
- ▲ 77.8%
- Equity
- €115,279
- ▲ 27.4%
- Total assets
- €371,916
- ▲ 1.6%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)Liquidity: current ratio 0.75, cash €25,647lowers riskFounded in 1989Figures for financial year 2025 (filed on 30-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 33, micro). It does better than 34% of them on solvency, 34% on liquidity, 47% on profitability and 69% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 37 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 85% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,210 | €1,260 | - |
| Intangible fixed assets | €21,590 | - | €39,322 | - | - |
| Financial fixed assets | - | - | - | €27,315 | - |
| Depreciation and write-downs of the year | €38,304 | €37,955 | €19,136 | €24,259 | €24,167 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €263 awarded · €263 paidComparable companies
These companies have the same main activity as VAULT ENGINEERING: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €284,000 and €558,000, founded between 1993 and 2002.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| VAULT ENGINEERING Ronse | 1989 | €371,916 | €115,279 | €102,132 | €24,785 | - | 2025 |
| VEBRAK Tielt | 1994 | €366,288 | €342,070 | €129,590 | €6,329 | - | 2025 |
| D M SERVICE Stabroek | 1994 | €322,787 | €282,704 | €88,952 | €64,181 | - | 2025 |
| SIGNELEC Fléron | 1993 | €558,349 | €416,693 | €105,486 | €7,923 | 2.7 | 2025 |
| JENIC SERVICE Heist-op-den-Berg | 1997 | €457,651 | €431,893 | €107,580 | €70,462 | - | 2025 |
| PROTITEC Rijkevorsel | 2002 | €469,458 | €444,471 | €122,317 | €57,703 | - | 2026 |
| DENNIS MACHINE SERVICE Leopoldsburg | 2001 | €283,663 | €206,606 | €65,782 | €20,498 | - | 2025 |
They were chosen from the 694 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,841 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €33,003 | €35,615 | €44,196 | €42,659 | €47,956 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,553 | €35,106 | €33,909 | €38,304 | €37,955 | €19,136 | €24,259 | €24,167 | ▼ 0.4% |
| Other operating charges640/8 | - | - | - | €968 | €1,146 | €1,125 | €1,146 | €1,144 | ▼ 0.2% |
| Non-recurring operating charges66A | - | - | - | - | €5,384 | €0 | - | - | - |
| Gross operating margin9900 | €44,355 | €102,404 | -€38,196 | €38,330 | €112,697 | €83,345 | €83,706 | €102,132 | ▲ 22.0% |
| Operating profit (loss)9901 | -€16,525 | €30,422 | -€115,889 | -€33,946 | €32,598 | €18,888 | €15,642 | €28,865 | ▲ 84.5% |
| Financial income75/76B | - | - | - | €617 | - | €1,168 | €0 | - | - |
| Recurring financial income75 | €11 | €13 | - | €3 | - | €1,168 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €615 | - | €1,168 | €0 | - | - |
| Financial charges65/66B | - | - | - | €4,977 | €4,508 | €6,745 | €1,701 | €3,965 | ▲ 133% |
| Recurring financial charges65 | €3,806 | €4,707 | €4,290 | €4,977 | €4,508 | €6,745 | €1,701 | €3,965 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | -€20,320 | €25,728 | -€119,477 | -€38,306 | €28,090 | €13,311 | €13,941 | €24,900 | ▲ 78.6% |
| Income taxes67/77 | - | - | - | - | - | - | - | €115 | - |
| Profit (loss) for the period9904 | -€20,320 | €25,728 | -€119,477 | -€38,306 | €28,090 | €13,311 | €13,941 | €24,785 | ▲ 77.8% |
| Profit (loss) for the period to be appropriated9905 | -€20,320 | €25,728 | -€119,477 | -€38,306 | €28,090 | €13,311 | €13,941 | €24,785 | ▲ 77.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €406,573 | €539,798 | €462,714 | €371,260 | €352,261 | €337,232 | €366,231 | €371,916 | ▲ 1.6% |
| Fixed assets21/28 | €265,007 | €355,429 | €336,615 | €319,901 | €281,946 | €310,342 | €301,158 | €276,991 | ▼ 8.0% |
| Intangible fixed assets21 | - | €112,976 | €114,147 | €118,409 | €100,879 | €122,667 | €101,206 | €80,108 | ▼ 20.8% |
| Tangible fixed assets22/27 | €84,957 | €62,404 | €42,468 | €21,492 | €1,067 | €7,675 | €6,137 | €3,069 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €20,852 | €779 | €2,193 | €1,671 | €1,150 | ▼ 31.2% |
| Furniture and vehicles24 | - | - | - | €640 | €288 | €5,482 | €4,466 | €1,919 | ▼ 57.0% |
| Financial fixed assets28 | €180,050 | €180,050 | €180,000 | €180,000 | €180,000 | €180,000 | €193,815 | €193,815 | = |
| Current assets29/58 | €141,566 | €184,369 | €126,099 | €51,360 | €70,315 | €26,890 | €65,073 | €94,925 | ▲ 45.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €11,656 | - |
| Stocks30/36 | - | - | - | - | - | - | - | €11,656 | - |
| Amounts receivable within one year40/41 | €99,107 | €144,804 | €86,407 | €44,612 | €62,755 | €9,653 | €30,683 | €50,760 | ▲ 65.4% |
| Trade receivables40 | - | - | - | €14,304 | €60,346 | €8,438 | €25,683 | €50,760 | ▲ 97.6% |
| Other amounts receivable41 | - | - | - | €30,308 | €2,409 | €1,216 | €5,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38,705 | €34,255 | €35,465 | €3,270 | €4,916 | €10,672 | €21,845 | €25,647 | ▲ 17.4% |
| Deferred charges and accrued income490/1 | - | - | - | €3,478 | €2,645 | €6,565 | €12,544 | €6,862 | ▼ 45.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €406,573 | €539,798 | €462,714 | €371,260 | €352,261 | €337,232 | €366,231 | €371,916 | ▲ 1.6% |
| Equity10/15 | €167,207 | €192,935 | €73,458 | €35,152 | €63,242 | €76,553 | €90,494 | €115,279 | ▲ 27.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,859 | - | - | - | - | - |
| Profit (loss) carried forward14 | €146,756 | €172,484 | €53,007 | €14,701 | €44,650 | €57,961 | €71,902 | €96,687 | ▲ 34.5% |
| Amounts payable17/49 | €239,366 | €346,863 | €389,256 | €336,109 | €289,019 | €260,680 | €275,737 | €256,637 | ▼ 6.9% |
| Amounts payable after more than one year17 | €168,165 | €208,447 | €269,954 | €243,598 | €193,737 | €164,475 | €140,598 | €127,251 | ▼ 9.5% |
| Financial debts170/4 | - | - | - | €243,598 | €193,737 | €164,475 | €140,598 | €127,251 | ▼ 9.5% |
| Amounts payable within one year42/48 | €69,843 | €137,112 | €117,597 | €90,257 | €91,914 | €93,966 | €132,723 | €126,794 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €50,819 | €51,634 | €29,262 | €23,877 | €13,347 | ▼ 44.1% |
| Trade debts44 | €7,438 | €59,899 | €42,965 | €4,547 | €2,761 | €6,080 | €13,823 | €19,497 | ▲ 41.0% |
| Suppliers440/4 | - | - | - | €4,547 | €2,761 | €6,080 | €13,823 | €19,497 | ▲ 41.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,990 | €5,268 | €5,972 | €6,019 | €12,901 | ▲ 114% |
| Taxes450/3 | - | - | - | €657 | €569 | €457 | €359 | €6,975 | ▲ 19× |
| Remuneration and social security454/9 | - | - | - | €4,333 | €4,699 | €5,515 | €5,660 | €5,927 | ▲ 4.7% |
| Other amounts payable47/48 | - | - | - | €29,901 | €32,251 | €52,651 | €89,004 | €81,048 | ▼ 8.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2,253 | €3,367 | €2,239 | €2,416 | €2,592 | ▲ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,320 | €25,728 | -€119,477 | -€38,306 | €28,090 | €13,311 | €13,941 | €24,785 | ▲ 77.8% |
| + Depreciation and write-downs630 | €22,553 | €35,106 | €33,909 | €38,304 | €37,955 | €19,136 | €24,259 | €24,167 | ▼ 0.4% |
| Operating cash flow (approximation) | €2,233 | €60,834 | -€85,568 | -€2 | €66,045 | €32,447 | €38,200 | €48,952 | ▲ 28.1% |
| Investment in fixed assets (approximation) | - | -€125,528 | -€15,095 | -€21,590 | €0 | -€47,532 | -€15,075 | €0 | - |
| Change in cash | - | -€4,450 | €1,211 | -€32,195 | €1,646 | €5,756 | €11,174 | €3,802 | ▼ 66.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355240 | NBB |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00397703 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00276518 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00134939 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20124106 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-40900041 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18600069 | |
| 31-12-2018 | micro format | 23-07-2019 | 2019-35900424 | |
| 31-12-2017 | micro format | 07-08-2018 | 2018-43500530 | |
| 31-12-2016 | micro format | 26-07-2017 | 2017-35300410 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- DEN ZAVELPUT
- VAULT ENGINEERING
Owners 1
- DEN ZAVELPUTparentEquity €43,270 Loss of €16,467 in 2025 (profit of €877 in 2024)99.87%
Network & group
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- Equity €231,323 Loss of €11,333 in 2025 (profit of €2,525 in 2024) Checked score 8549.75%
- Equity €367,612 Loss of €116,888 in 2025 Checked score 9010.32%
Connections & network
1 current directorThe network starts from the directors of VAULT ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45041B1894/00A000 | Flanders | 9,879 m² | 1 · 186 m² | 13.2 m · 2 |