Equity
€371,773 ▲ 26.0%
VB-TEC has made a profit in every financial year since 2020.
VB-TEC
Lifetime
6 annual accounts with figures on one time axispeak €441,747 (2025)
€441,747▲ 29.9%
peak €239,346 (2023)
€76,735▼ 36.0%
peak €371,773 (2025)
€371,773▲ 26.0%
€1.6m▲ 5.9%
peak 3.1 FTE (2025)
3.1 FTE▲ 121%
Board2 names since 2019
2 directorsAP SUPPORT and 1 other
Documentsfilings and deeds
25-07-20266 days before the deadline
2025abbreviated format
Gross margin from €340,127 to €441,747Result from €119,961 to €76,735Staff from 1.4 FTE to 3.1 FTEEquity from €295,038 to €371,773Cash from €111,919 to €31,775
Key points
from the 2025 annual accountsTurnover
≈ €970,000 estimated
The abbreviated format states no turnover.
Debts
€1.6m 82% of the balance sheet
Financial debts 46%Suppliers 16%Taxes and wages 3%Other 35%
€406,861 of the debts are secured on the company's own assets. In 2023 that was €471,528.
Staff
3 employees on 31-12-2025
In 2025, 3 people joined and 2 left.
Filings
6 annual accounts 2 late
The 2021 accounts came latest: 54 days after the end of the period.
Position in the sector
18.4%
Lower solvency than 80% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
Checked score
67
Healthy
Financially stronger than 35% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
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 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.4 percentage points vs 04-2025
06-2025: 2.6%▲ +0.5 percentage points vs 05-2025
07-2025: 2.6%● unchanged vs 06-2025
08-2025: 3.5%▲ +0.9 percentage points vs 07-2025
09-2025: 4.0%▲ +0.5 percentage points vs 08-2025highest value
10-2025: 1.2%▼ -2.8 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.4%▲ +0.2 percentage points vs 03-2026
05-2026: 1.8%▲ +0.4 percentage points vs 04-2026
06-2026: 2.1%▲ +0.3 percentage points vs 05-2026
07-2026: 2.4%▲ +0.3 percentage points vs 06-2026
08-2026: 0.9%▼ -1.5 percentage points vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.13, cash €31,775, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: 3.1 FTE, total assets €2.0m
Figures for financial year 2025 (filed on 25-07-2026)
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 20% of them on solvency, 12% on liquidity, 34% on profitability and 72% 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 low class on 30-06-2025, 0.8% 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 VB-TEC 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 VB-TEC itself: 0.9% 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 VB-TEC. 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 €24,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.13 (1.1 in 2024), below the usual 1.5. Short-term debt is 59.5% and cash 1.6% of total assets. 81.6% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9967 sector peers (2025).
NBB · sector comparisonPosition among 9967 sector peers
Solvency
better than 19%
← weakest
strongest →
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 25-07-2026, 6 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
6 days early
2024
29 days late
2023
12 days early
2022
35 days early
2021
54 days late
2020
1 day 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 5 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 (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 25 July (4 of the last 5 accounts filed within 35 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
- VANSIMAEYS Baptiste founderdeed of 18-07-2019
- VERMEULEN Baptist founderdeed of 18-07-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0730762663
Registered office moved within Pittem
New registered office: Brugsesteenweg 81, 8740 Pittem · Previous registered office: Brugsesteenweg 75- 8740 PITTEM · Board meeting of 27-04-2024 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Pittem
Incorporation
Founders: VANSIMAEYS Baptiste (founder and shareholder) and VERMEULEN Baptist (founder and shareholder) · Founding capital of €10,000 · Appointments: AP SUPPORT (director) and BVE SOLUTIONS (director) · published on 18-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VB-TEC Pittem | €2.0m | €441,747 | 18.4% | 3.1 |
| PVS ELECTROMATIC Lichtervelde | €1.9m | €659,762 | 24.7% | 2.3 |
| OMNIPOWER Harelbeke | €1.8m | €527,605 | 28.5% | 3.2 |
| Depauw Kevin Lede | €1.5m | €495,644 | 20.1% | 2.8 |
| WeKonnekt Lummen | €1.6m | €518,303 | 23.0% | 4 |
| FOX TECHNIQUE Frasnes-lez-Anvaing | €2.0m | €398,185 | 19.1% | 4.5 |
| BTTechnics Wellen | €2.2m | €426,735 | 76.1% | 2.2 |
These companies have the same main activity as VB-TEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.5m and €2.2m, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 16-07-2019Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.293.962.6018740 Pittem, since 16-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- €2.0m▲ 9.1%
- Employeeson 31-12-2025
- 3▲ 50.0%
- Filing
- Filed on 25-07-2026, 6 days before the end of the filing period
Insights on VB-TEC
VB-TEC files the abbreviated format. That format states no turnover. The gross margin rose from €180,053 in 2020 to €441,747 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 VB-TEC
- What is the company number of VB-TEC?
- The company number of VB-TEC is 0730.762.663. The VAT number is the same number with BE in front: BE 0730.762.663.
- Where is VB-TEC based?
- The registered office is at Brugsesteenweg 81, 8740 Pittem.Company details
- What does VB-TEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VB-TEC?
- VB-TEC is a private limited company (BV).
- When was VB-TEC founded?
- VB-TEC was founded on 16-07-2019.
- Is VB-TEC still active?
- Yes, VB-TEC is an active enterprise in the KBO register.
- How many employees does VB-TEC have?
- VB-TEC had an average of 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VB-TEC fall under?
- In its 2025 annual accounts, VB-TEC states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VB-TEC?
- The turnover in financial year 2025 is ≈ €970,000. This figure is estimated from the gross margin of €441,747 and 35 comparable companies (NACE 43211). It probably lies between €840,000 and €1.2m.
- Is VB-TEC profitable?
- In financial year 2025, VB-TEC made a profit of €76,735.
- Where can I find the annual accounts of VB-TEC?
- VB-TEC filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VB-TEC due?
- VB-TEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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