VB-CON
ActiveSummary
VB-CON has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,057 and a net result of €176,418. Equity has been growing by about 126% per year since 2018. Its solvency ranks better than 87% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-06-2014 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
- Establishment unit
- 2.233.504.479 3740 Bilzen-Hoeselt, since 01-08-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 25-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €267,405
- ▲ 11.1%
- Turnover
- ≈ €690,000
- estimated
- Profit
- €176,418
- ▲ 8.1%
- Equity
- €499,057
- ▲ 54.3%
- Total assets
- €575,535
- ▲ 38.2%
Score breakdownlowers riskLiquidity: current ratio 10.39, cash €280,739Equity €499,057 (86.7% of total assets)Size: total assets €575,535Figures for financial year 2025 (filed on 08-06-2026)Show the evidence
Checked score
Fewer than 1 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 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 88% on profitability and 83% 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 46 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 11 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 10% 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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,256 | €903 | €66,688 | €28,823 |
| Depreciation and write-downs of the year | €0 | €347 | €2,879 | €8,945 | €13,629 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as VB-CON: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €499,000 and €655,000, founded between 2014 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| VB-CON Bilzen-Hoeselt | 2014 | €575,535 | €499,057 | €267,405 | €176,418 | - | 2025 |
| AKTIMA Neupré | 2014 | €579,485 | €542,775 | €304,205 | €233,645 | - | 2025 |
| PHITECH Genappe | 2014 | €655,491 | €178,050 | €275,352 | €33,877 | - | 2025 |
| Tides Engineering Gent | 2015 | €626,635 | €367,250 | €292,048 | €3,037 | 2.9 | 2025 |
| DIVAGO Mol | 2015 | €498,888 | €96,261 | €281,803 | -€36,289 | 2.8 | 2025 |
| GEOMETIS Gembloux | 2015 | €545,122 | €50,799 | €228,291 | €90,604 | - | 2025 |
| GHE MilieuManagement Kluisbergen | 2016 | €593,912 | €550,752 | €234,885 | €150,742 | - | 2025 |
They were chosen from the 6,767 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,811 companies had the same profile as VB-CON has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of VB-CON itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,811 companies, not a prediction for VB-CON. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,644 | €3,156 | €198 | €0 | €347 | €2,879 | €8,945 | €13,629 | ▲ 52.4% |
| Other operating charges640/8 | - | - | - | €62 | €565 | €494 | €782 | €444 | ▼ 43.2% |
| Gross operating margin9900 | €4,819 | €12,915 | -€247 | €11,700 | €43,635 | €257,738 | €240,649 | €267,405 | ▲ 11.1% |
| Operating profit (loss)9901 | €96 | €9,679 | -€525 | €11,638 | €42,723 | €254,365 | €230,922 | €253,332 | ▲ 9.7% |
| Financial income75/76B | - | - | - | €57 | €25 | €34 | €6,257 | €664 | ▼ 89.4% |
| Recurring financial income75 | - | - | - | €57 | €25 | €34 | €6,257 | €664 | ▼ 89.4% |
| Financial charges65/66B | - | - | - | €234 | €199 | €250 | €3,064 | €2,037 | ▼ 33.5% |
| Recurring financial charges65 | €138 | €309 | €244 | €234 | €199 | €250 | €3,064 | €2,037 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | -€42 | €9,370 | -€769 | €11,461 | €42,549 | €254,148 | €234,115 | €251,959 | ▲ 7.6% |
| Income taxes67/77 | - | - | - | €833 | €13,807 | €71,005 | €70,851 | €75,541 | ▲ 6.6% |
| Profit (loss) for the period9904 | -€42 | €9,370 | -€769 | €10,628 | €28,742 | €183,143 | €163,265 | €176,418 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | -€42 | €9,370 | -€769 | €10,628 | €28,742 | €183,143 | €163,265 | €176,418 | ▲ 8.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,916 | €51,537 | €37,875 | €21,641 | €62,942 | €270,136 | €416,486 | €575,535 | ▲ 38.2% |
| Fixed assets21/28 | €3,355 | €198 | €0 | - | €7,909 | €5,933 | €63,676 | €76,465 | ▲ 20.1% |
| Intangible fixed assets21 | €1,749 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,605 | €198 | €0 | - | €7,909 | €5,933 | €63,676 | €76,465 | ▲ 20.1% |
| Furniture and vehicles24 | - | - | - | - | €7,909 | €5,933 | €63,676 | €76,465 | ▲ 20.1% |
| Current assets29/58 | €53,561 | €51,339 | €37,875 | €21,641 | €55,033 | €264,203 | €352,810 | €499,070 | ▲ 41.5% |
| Stocks and contracts in progress3 | €16,658 | €13,397 | €10,228 | €0 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €18,141 | €16,458 | €7,888 | €231 | €15,250 | €18,275 | €18,279 | €18,331 | ▲ 0.3% |
| Trade receivables40 | - | - | - | €62 | €15,125 | €18,150 | €18,150 | €18,202 | ▲ 0.3% |
| Other amounts receivable41 | - | - | - | €169 | €125 | €125 | €129 | €129 | = |
| Current investments50/53 | - | - | - | - | - | €180,000 | €0 | €200,000 | - |
| Cash at bank and in hand54/58 | €18,762 | €21,483 | €19,615 | €21,410 | €39,783 | €65,928 | €334,531 | €280,739 | ▼ 16.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,916 | €51,537 | €37,875 | €21,641 | €62,942 | €270,136 | €416,486 | €575,535 | ▲ 38.2% |
| Equity10/15 | €1,551 | €10,921 | €10,152 | €19,981 | €47,923 | €161,067 | €323,472 | €499,057 | ▲ 54.3% |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | - | - | - | - | €28,742 | €142,067 | €304,472 | €480,057 | ▲ 57.7% |
| Distributable reserves133 | - | - | - | - | €28,742 | €142,067 | €304,472 | €480,057 | ▲ 57.7% |
| Profit (loss) carried forward14 | -€17,449 | -€8,079 | -€8,848 | €981 | €181 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €55,365 | €40,616 | €27,723 | €1,660 | €15,019 | €109,069 | €93,013 | €76,478 | ▼ 17.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €40,396 | €28,443 | ▼ 29.6% |
| Financial debts170/4 | - | - | - | - | - | - | €40,396 | €28,443 | ▼ 29.6% |
| Amounts payable within one year42/48 | €55,365 | €40,616 | €27,723 | €1,660 | €15,019 | €109,069 | €52,618 | €48,035 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €11,550 | €11,953 | ▲ 3.5% |
| Financial debts43 | - | - | - | - | - | €13,500 | €16,904 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €13,500 | €16,904 | €0 | ▼ 100% |
| Trade debts44 | €23,846 | €10,616 | €254 | €27 | €672 | €1,366 | €2,977 | €537 | ▼ 81.9% |
| Suppliers440/4 | - | - | - | €27 | €672 | €1,366 | €2,977 | €537 | ▼ 81.9% |
| Taxes, remuneration and social security45 | - | - | - | €833 | €13,547 | €24,203 | €20,327 | €34,592 | ▲ 70.2% |
| Taxes450/3 | - | - | - | €833 | €11,197 | €21,753 | €17,877 | €32,142 | ▲ 79.8% |
| Remuneration and social security454/9 | - | - | - | - | €2,350 | €2,450 | €2,450 | €2,450 | = |
| Other amounts payable47/48 | - | - | - | €800 | €800 | €70,000 | €859 | €952 | ▲ 10.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42 | €9,370 | -€769 | €10,628 | €28,742 | €183,143 | €163,265 | €176,418 | ▲ 8.1% |
| + Depreciation and write-downs630 | €4,644 | €3,156 | €198 | €0 | €347 | €2,879 | €8,945 | €13,629 | ▲ 52.4% |
| Operating cash flow (approximation) | €4,602 | €12,526 | -€570 | €10,628 | €29,089 | €186,022 | €172,210 | €190,047 | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | -€903 | -€66,688 | -€26,418 | ▲ 60.4% |
| Change in cash | - | €2,721 | -€1,868 | €1,795 | €18,373 | €26,144 | €268,603 | -€53,792 | - |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142917 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00245201 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00195306 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00217481 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20154695 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36600526 | |
| 31-12-2019 | micro format | 03-03-2020 | 2020-06200138 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32000217 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51100594 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-47200526 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VERBIEST Tom |
|
| VERBIEST Gert |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 190”
Articles of association, deed of 20-04-2022 (in Dutch)
Network & group
VB-CON shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VB-CON. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-04
Gazette deed
Resignations: VERBIEST Tom (manager) and VERBIEST Gert (manager)Reappointment: VERBIEST Tom (director) · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 04-04-2022
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Purpose change
- Director resignation, VERBIEST Tom (manager)
- Director resignation, VERBIEST Gert (manager)
- Director discharge, VERBIEST Tom
- Director discharge, VERBIEST Gert
- Director reappointment, VERBIEST Tom (director (not named in the articles))
- Registered office clause, “3740 Bilzen, Waterkasteelstraat 34, ZESDE BESLISSING” (deed in Dutch)
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
3 activities
- Verlenen van consultancy,technische expertise en bijstand,advies en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,IT,digitalisatie,automatisatie,marketing,sales,bedrijfsbeheer,planning,procesverbetering,productie en ontwikkeling,dit alles in de meest ruime betekenis
- Tussenkomen in het(dagelijkse)bestuur en de vertegenwoordiging van ondernemingen en vennootschappen in alle hoedanigheden,ondermeer door het uitoefenen van mandaten als bestuurder,zaakvoerder,lid van het directiecomité en vereffenaar
- Organiseren van opleidingen,congressen,seminaries en beurzen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73005C0668/00L000 | Flanders | 983 m² | 1 · 174 m² | 16.3 m |