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Complete company report
Generated 08-08-2026
Active BE 0730.762.663Private limited company

VB-TEC

Brugsesteenweg 81 ·8740 Pittem, Belgium· 7 yrs active
Sector: Specialised construction (43211)
Conclusion Checked

The computed 12-month bankruptcy probability of VB-TEC is 2.1% (moderate). The 2024 annual accounts show equity of €295k and a net result of €120k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 991 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €295k
Net result €120k
Staff (FTE) 1.4
Better than sector 26%
Snowflake analysis 5 axes · computed by Checked
Health60Profitability100Solvency24Growth52Stability100
67 / 100

Strong profile, led by profitability.

Health 60
Profitability 100
Solvency 24
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.1% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
60 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · verkort
€0€100k€200k€300kOperating result 2020: €180k€180kNet result 2020: €163k€163kOperating result 2021: €74k€74kNet result 2021: €68k€68kOperating result 2022: €224k€224kNet result 2022: €202k€202kOperating result 2023: €286k€286kNet result 2023: €239k€239kOperating result 2024: €170k€170kNet result 2024: €120k€120k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~32.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2025: €381k (€339k - €423k)2026: €443k (€376k - €511k)2027: €506k (€413k - €599k)2020: €73k2021: €101k2022: €194k2023: €300k2024: €295k20202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 15.9% 35.4%
better than 26% of 991 sector peers
Net result €120k €29k
better than 79% of 990 sector peers
Equity €295k €121k
better than 69% of 991 sector peers
Gross operating margin €340k €171k
better than 66% of 990 sector peers
Staff costs €88k €194k
higher than 32% of 618 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€232k
-35.4% far above sector median
Net profit
€120k
-49.9% far above sector median
Cash flow
€181k
-41.9% far above sector median
Total assets
€1.85M
+21.7% far above sector median
Equity
€295k
-1.7% +101% vs sector
Working capital
€105k
-17.2% +82% vs sector
Employees (FTE)
1
+27.3% -51% vs sector
Staff costs
€88k
+66.7% -61% vs sector
Income taxes
€16k
-37.6% far above sector median
Dividends
€20k
- 20-24
Debt
€1.56M
+28.3% far above sector median
Debt ≤ 1y
€1.05M
+52.0% far above sector median
Debt > 1y
€502k
-3.8% far above sector median
Current ratio
1.10
-7.1% -20% vs sector
Quick ratio
0.80
-23.9% -24% vs sector
Solvency
15.9%
-19.2% -64% vs sector
Debt / equity
5.28
+30.5% +217% vs sector
ROE
40.7%
-49.0% far above sector median
ROA
6.5%
-58.8% far above sector median
Interest coverage
5.44
-63.2% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€232k
Net profit€120k
Cash flow€181k
Staff costs€88k
Income taxes€16k
Dividends€20k
Total assets€1.85M
Equity€295k
Debt€1.56M
of which ≤ 1y€1.05M
of which > 1y€502k
Working capital€105k
Employees (FTE)1.4
Ratios (computed)
2024
Current ratio1.10
Quick ratio0.80
Working capital ratio5.7%
Solvency15.9%
Debt / equity5.28
Long-term debt ratio1.70
Interest coverage5.44
Gross margin-
Net margin-
ROA6.5%
ROE40.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.85M
Fixed assets 21/28€699k
Intangible fixed assets 21€5k
Tangible fixed assets 22/27€653k
Financial fixed assets 28€41k
Current assets 29/58€1.15M
Stocks & contracts in progress 3€311k
Amounts receivable within one year 40/41€721k
Cash & bank 54/58€112k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.85M
Equity 10/15€295k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€285k
Provisions & deferred taxes 16€0
Amounts payable 17/49€1.56M
Amounts payable after one year 17€502k
Amounts payable within one year 42/48€1.05M
Trade debts payable within one year 44€305k
Income statement
Gross operating margin 9900€340k
Operating result 9901€170k
Financial income 75€9k
Financial charges 65€43k
Result before taxes 9903€136k
Income taxes 67/77€16k
Net result for the period 9904€120k
Result to be appropriated 9905€120k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43211)
Legal form Private limited company(610)
Incorporation16-07-2019
StatusActive
Postal code8740
Establishment units 1 location
VB-TEC
Brugsesteenweg 81, 8740 PittemAanleg van leidingen voor het vervoer en distributie van elektrische energie
since 20192.293.962.601
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37011D1488/00C000 Flanders 5,177 m² 1 · 1,184 m² 7.6 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
19-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
10-07-2024
State Gazette act Registered-office change
2023
26-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
23-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
Belgisch Staatsblad, acts 1 acts
Address history · 1
10-07-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
10-07-2024 Registered office moved to Pittem Registered-office change
  • 8740 Pittem, Brugsesteenweg 81
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "8740 Pittem, Brugsesteenweg 81",
        "city": "Pittem",
        "region": "vlaams_gewest",
        "street": "Brugsesteenweg",
        "country": "BE",
        "postcode": "8740",
        "box_number": null,
        "street_number": "81",
        "locality_suffix": null
      },
      "old_address": null,
      "effective_date": "2024-07-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "inferred",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "immediate",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-07-10",
    "filing_date": "2024-07-01",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2024-04-27",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0730.762.663",
    "name_full": "VB-\u0422\u0415\u0421",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Baptiste Vansimaeys",
    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": [
    "afschrift notulen bestuurders"
  ]
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Dakwerkzaamheden43410Dakwerkzaamheden43910
Primary activity highlighted.
Names & trade names
Legal nameNL VB-TEC
Registered office
Brugsesteenweg 81
8740 Pittem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative