VE Projects
ActiveSummary
VE Projects has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235,499 and a net result of €74,792. Equity has been growing by about 53% per year since 2023. Its solvency ranks better than 95% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-11-2022 Normal situation
- Activity
- Specialised construction activities NACE 43214and 6 others
- Establishment unit
- 2.338.133.530 8570 Anzegem, since 22-11-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 11-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts to 30-09-2025
- Turnover
- €292,182
- Profit
- €74,792
- ▼ 23.8%
- Equity
- €235,499
- ▲ 46.5%
- Total assets
- €248,674
- ▲ 37.8%
Score breakdownraises riskSize: turnover €292,182, total assets €248,674Founded in 2022lowers riskLiquidity: current ratio 18.57, cash €195,732Equity €235,499 (94.7% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 91% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 94.7% of total assets
Liquidity
100+1
short-term debt 5.3% · cash 78.7%
Profitability
100=
return on assets 30.1%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025highest value
05-2025: 0.1%▼ -0.3 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.2 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 18.57 (9.05 in 2024), above the usual 1.5. Short-term debt is 5.3% and cash 78.7% of total assets. 5.3% of the assets are financed with debt and provisions.
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 90% of them on solvency, 98% on liquidity, 92% on profitability and 82% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 30-09-2025 was due by 30-04-2026 and was filed on 30-12-2025, 121 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
121 days early
2024
18 days early
2023
10 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 50 days before 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 12 April (3 of the last 3 accounts filed within 103 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-12-2025 PDF all 3 filings
Turnover
€292,182
EBIT margin
34.3%
Net result
€74,792▼ 23.8%
2024 · €98,145
Working capital
€231,542▲ 46.0%
2024 · €158,593
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
€292,182
2025
20232025
Operating result
€100,173
▼ 23.8%
2025
20232025
Net result
€74,792
▼ 23.8%
2025
highest quarter of the sector
20232025
EBIT margin
34.3%
2025
20232025
Equity
€235,499
▲ 46.5%
2025
highest quarter of the sector
20232025
Total assets
€248,674
▲ 37.8%
2025
middle half of the sector
20232025
Debt
€13,175
▼ 33.1%
2025
20232025
Working capital
€231,542
▲ 46.0%
2025
highest quarter of the sector
20232025
Solvency
94.7%
▲ 5.6pp
2025
highest quarter of the sector
20232025
Current ratio
18.57
▲ 9.52
2025
highest quarter of the sector
20232025
Return on assets (ROA)
30.1%
▼ 24.3pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€292,182
Operating result€73,496-€131,471▲ 78.9%€100,173▼ 23.8%
Net result€58,446above the sector's middle half-€98,145above the sector's middle half▲ 67.9%€74,792above the sector's middle half▼ 23.8%
EBIT margin34.3%
Equity€64,280within the sector's middle half-€160,707above the sector's middle half▲ 150%€235,499above the sector's middle half▲ 46.5%
Total assets€87,709within the sector's middle half-€180,400within the sector's middle half▲ 106%€248,674within the sector's middle half▲ 37.8%
Debt€23,429-€19,693▼ 15.9%€13,175▼ 33.1%
Working capital€64,344within the sector's middle half-€158,593above the sector's middle half▲ 146%€231,542above the sector's middle half▲ 46.0%
Solvency73.3%above the sector's middle half-89.1%above the sector's middle half▲ 15.8pp94.7%above the sector's middle half▲ 5.6pp
Current ratio3.75above the sector's middle half-9.05above the sector's middle half▲ 5.3018.57above the sector's middle half▲ 9.52
Return on assets (ROA)66.6%above the sector's middle half-54.4%above the sector's middle half▼ 12.2pp30.1%above the sector's middle half▼ 24.3pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 operating result for 2025 is 24% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248,674
Fixed assets
€3,957 ▲ 87.3%
Current assets
€244,717 ▲ 37.3%
Equity and liabilities €248,674
Equity
€235,499 ▲ 46.5%
Debt
€13,175 ▼ 33.1%
Debt's share of the balance-sheet total falls from 10.9% to 5.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,107▼
2024 · €131,497
Cash flow
€76,726▼
2024 · €98,170
Quick ratio
16.78▲
2024 · 8.05
Debt to equity
0.06▼
2024 · 0.12
ROE
31.8%▼
2024 · 61.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€13,175▼
2024 · €19,693
Income taxes
€25,591▼
2024 · €33,127
Customer credit
25 days
Supplier credit
1 day
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | - | €2,139 | €3,777 |
| Depreciation and write-downs of the year | - | €25 | €1,933 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €71 awarded · €71 paidAnnual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €292,182 | - |
| Non-recurring operating income76A | - | €3,626 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €193,787 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €25 | €1,933 | ▲ 76× |
| Other operating charges640/8 | €1,981 | €688 | €708 | ▲ 2.9% |
| Gross operating margin9900 | €75,477 | €132,185 | €102,815 | ▼ 22.2% |
| Operating profit (loss)9901 | €73,496 | €131,471 | €100,173 | ▼ 23.8% |
| Financial income75/76B | €125 | €460 | €1,204 | ▲ 162% |
| Recurring financial income75 | €125 | €460 | €1,204 | ▲ 162% |
| Financial charges65/66B | €439 | €660 | €994 | ▲ 50.5% |
| Recurring financial charges65 | €439 | €660 | €994 | ▲ 50.5% |
| Profit (loss) for the period before taxes9903 | €73,182 | €131,271 | €100,383 | ▼ 23.5% |
| Income taxes67/77 | €14,736 | €33,127 | €25,591 | ▼ 22.7% |
| Profit (loss) for the period9904 | €58,446 | €98,145 | €74,792 | ▼ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €58,446 | €98,145 | €74,792 | ▼ 23.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €87,709 | €180,400 | €248,674 | ▲ 37.8% |
| Fixed assets21/28 | - | €2,113 | €3,957 | ▲ 87.3% |
| Tangible fixed assets22/27 | - | €2,113 | €3,957 | ▲ 87.3% |
| Furniture and vehicles24 | - | €2,113 | €3,957 | ▲ 87.3% |
| Current assets29/58 | €87,709 | €178,286 | €244,717 | ▲ 37.3% |
| Stocks and contracts in progress3 | €18,176 | €19,848 | €23,604 | ▲ 18.9% |
| Stocks30/36 | €18,176 | €19,848 | €23,604 | ▲ 18.9% |
| Amounts receivable within one year40/41 | €20,318 | €15,640 | €21,857 | ▲ 39.8% |
| Trade receivables40 | €18,514 | €12,137 | €20,385 | ▲ 68.0% |
| Other amounts receivable41 | €1,804 | €3,503 | €1,472 | ▼ 58.0% |
| Cash at bank and in hand54/58 | €46,906 | €139,834 | €195,732 | ▲ 40.0% |
| Deferred charges and accrued income490/1 | €2,310 | €2,965 | €3,524 | ▲ 18.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €87,709 | €180,400 | €248,674 | ▲ 37.8% |
| Equity10/15 | €64,280 | €160,707 | €235,499 | ▲ 46.5% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | €56,780 | €153,207 | €227,999 | ▲ 48.8% |
| Distributable reserves133 | €56,780 | €153,207 | €227,999 | ▲ 48.8% |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €23,429 | €19,693 | €13,175 | ▼ 33.1% |
| Amounts payable within one year42/48 | €23,365 | €19,693 | €13,175 | ▼ 33.1% |
| Trade debts44 | €2,381 | €759 | €578 | ▼ 23.9% |
| Suppliers440/4 | €2,381 | €759 | €578 | ▼ 23.9% |
| Taxes, remuneration and social security45 | €18,486 | €12,877 | €3,538 | ▼ 72.5% |
| Taxes450/3 | €16,986 | €11,377 | €3,538 | ▼ 68.9% |
| Remuneration and social security454/9 | €1,500 | €1,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2,498 | €6,057 | €9,059 | ▲ 49.6% |
| Accrued charges and deferred income492/3 | €64 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,446 | €98,145 | €74,792 | ▼ 23.8% |
| + Depreciation and write-downs630 | - | €25 | €1,933 | ▲ 76× |
| Operating cash flow (approximation) | €58,446 | €98,170 | €76,726 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | - | -€3,777 | - |
| Change in cash | - | €92,928 | €55,898 | ▼ 39.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as VE Projects has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VE Projects itself is lower: 0.1% within 12 months. It rests on far more data about VE Projects than the profile alone.
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 39,278 companies, not a prediction for VE 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.
Board & ownership
Directors
Directors
1 director, no change since 2022
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 24-11-2022Owners and capital
Shareholders
At incorporation
act of 24-11-2022 ↗
- VAN EECKHOUT Michael Lorenz 100 shares (100%) · €7,500 in cash
Capital transactions
Capital over time
- 24-11-2022 Incorporation · €7,500 · 100 shares
Network & group
VE Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VE Projects. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2025
30-12
micro format · 121 days before the deadline
30-09
Financial
Liquidity more than doubledcurrent ratio 18.57
The current ratio rises from 9.05 to 18.57. Short-term debt falls from €19,693 to €13,175.
30-09
Financial
Equity above €200,000equity €235,499 ▲46.5%
With a profit in every financial year since 2023, equity grows to €235,499.
12-04
micro format · 18 days before the deadline
2024
30-09
Financial
Highest result from 2023 to 2025net €98,145 ▲67.9%
The operating result of €131,471 and the net result of €98,145 are both a record.
30-09
Financial
Liquidity more than doubledcurrent ratio 9.05
The current ratio rises from 3.75 to 9.05. Short-term debt falls from €23,365 to €19,693.
30-09
Financial
Equity above €150,000equity €160,707 ▲150%
With a profit in every financial year since 2023, equity grows to €160,707.
20-04
micro format · 10 days before the deadline
2022
24-11
Gazette deed
IncorporationStarting capital €7,500 · Appointment: VAN EECKHOUT Michael Lorenz (director) · Kind of shares · Registered office clause7 points ▸
Gazette deed
Incorporation
Starting capital €7,500 · Appointment: VAN EECKHOUT Michael Lorenz (director) · Kind of shares · Registered office clause7 points ▸
- Kind of shares, 100, 1-100
- Registered office clause, “8570 Anzegem,René Declercqstraat 24” (deed in Dutch)
- Director appointment, VAN EECKHOUT Michael Lorenz (director)
- Pre-incorporation commitments, “takeover”, 01-07-2022 (deed in Dutch)
- Incorporation, “VE Projects” (deed in Dutch)
- Founder, VAN EECKHOUT Michael Lorenz
- Founding capital, €7,500
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VE Projects in Dutch
Enterprise number
0793.859.876
Legal form
Private limited company
Status
Active, normale toestand
Founded
22-11-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-11-2022 (in Dutch)Name clauseThe company operates under this name according to its articles.
VE Projects
deed of 24-11-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, bij beslissing van het bestuursorgaan,exploitatiezetels,administieve zetels,filialen,agentschappen en depots in België of het…”
deed of 24-11-2022 (in Dutch)Registered office and establishments
Registered office
René Declercqstraat 24, 8570 Anzegem, Belgium
Establishment unit
VE Projects, René Declercqstraat 24, 8570 Anzegem since 22-11-2022 · unit number 2.338.133.530
Website
www.ve-projects.com/
E-mail
info.ve.projects@gmail.com
Activities
NACEBEL 202543214
Specialised construction activities main activity
33140
Repair and maintenance of electrical equipment
43211
General electrical installation work
43240
Other construction installation
47552
Retail sale of lighting equipment
80090
Investigation and security activities
82990
Other business support services
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
80200
Investigation and security activities
82990
Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 24-11-2022 (in Dutch)
“Elektrotechnische installatiewerken aan gebouwen en machines; Onderneming voor de installatie van elektrische bedrading en toebehoren…”
15 activities
- Elektrotechnische installatiewerken aan gebouwen en machines;
- Onderneming voor de installatie van elektrische bedrading en toebehoren;
- Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz;
- Ontwerpen,montage en onderhoud van geautomatiseerde units,bestaande uit onder andere diverse machines,besturingsmechanismen en/of centrale bewakingsapparatuur;
- Vervaardiging van automatische gegevensverwerkende machines,inclusief microcomputers en tekstverwerkers:centrale verwerkingseenheden,interfaces,consoles,enz;
- Installatie van industriële machines,toestellen en werktuigen;
- Installatie van hulpvoedingssystemen(generatoraggregaten);
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie en/of dateverkeer;
- Aanleg van telecommunicatielijnen en–netten;
- Alle elektrotechnische activiteiten;
- Het plaatsen van en het herstellen van elektrische toestellen,alle elektrische installaties voor stroomvoorziening,voor verlichting,voor lichtreclame,voor verwarming,voor andere klimaatregeling dan deze voorzien voor de installatieactiviteiten voor centrale verwarming,klimaatregeling,gas en sanitair,voor domotica,voor communicatie,voor signalisatie,voor opname en weergave van beelden of geluiden en voor beveiliging tegen overspanning,brand of diefstal,installatie alarmcentrales met of zonder meldkamer;
- Alle diensten in verband met beveiligingssystemen,bewakingssystemen,branddetectie;
- Conceptie,installatie,onderhoud of herstelling van camerasystemen en alarmsystemen;
- Detailhandel in computers,randapparatuur,software,allerhande elektrische en apparaten,elektronische apparatuur en dit in de meest ruime zin;
- Vervaardiging van elektrische panelen voor het opvangen van zonne-energie,de plaatsing,distributie en onderhoud hiervan;
Invoicing and payment
VAT number
BE 0793.859.876
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0793.859.876
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“ALGEMENE VERGADERING: Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, op de voorlaatste vrijdag…”
deed of 24-11-2022 (in Dutch)Recognitions · licences · registrations
Licences in the Official Gazette
2 publications · 2 kindsSecurity firm approval (camera systems)
Security firm approval (alarm systems)
Sites & property
Location
Buildings and parcels at the address
Ground area
789 m²
Building footprint
202 m²
Building volume
870 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34018B0232/00D000 | Flanders | 789 m² | 1 · 202 m² | 8.1 m · 1 |