VECHRI
ActiveSummary
VECHRI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €4k. Equity is shrinking by ~17.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 28% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+88
Solvency52▲+19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
7 d early
2023
5 d early
2022
1 d early
2021
3 d early
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 126%
2024 · €3k
2019: €30k
2020: €38k▲ +28.4% vs 2019
2021: €40k▲ +3.6% vs 2020
2022: €28k▼ -29.8% vs 2021
2023: €50k▲ +78.6% vs 2022highest in 7 years
2024: €3k▼ -93.4% vs 2023lowest in 7 years
2025: €7k▲ +126% vs 2024
2019 → 2025
Total assets
€27k▼ 36.2%
2024 · €43k
2019: €48k
2020: €72k▲ +50.3% vs 2019
2021: €63k▼ -13.4% vs 2020
2022: €55k▼ -12.3% vs 2021
2023: €79k▲ +43.3% vs 2022highest in 7 years
2024: €43k▼ -45.7% vs 2023
2025: €27k▼ -36.2% vs 2024lowest in 7 years
2019 → 2025
Net result
€4k
2024 · €-46k
2019: €7k
2020: €8k▲ +21.5% vs 2019
2021: €1k▼ -83.9% vs 2020
2022: €-12k▼ -964% vs 2021
2023: €22k▲ +286% vs 2022highest in 7 years
2024: €-46k▼ -312% vs 2023lowest in 7 years
2025: €4k▲ +109% vs 2024
2019 → 2025
Working capital
€5k
2024 · €-1k
2019: €23k
2020: €33k▲ +41.4% vs 2019
2021: €35k▲ +6.3% vs 2020
2022: €24k▼ -31.4% vs 2021
2023: €47k▲ +96.4% vs 2022highest in 7 years
2024: €-1k▼ -103% vs 2023lowest in 7 years
2025: €5k▲ +449% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€28k▼ 29.8%€50k▲ 78.6%€3k▼ 93.4%€7k▲ 126%
2021: €40k
2022: €28k▼ -29.8% vs 2021
2023: €50k▲ +78.6% vs 2022highest in 5 years
2024: €3k▼ -93.4% vs 2023lowest in 5 years
2025: €7k▲ +126% vs 2024
Operating result€4k-€-11k€30k€-45k€5k
2021: €4k
2022: €-11k▼ -369% vs 2021
2023: €30k▲ +375% vs 2022highest in 5 years
2024: €-45k▼ -250% vs 2023lowest in 5 years
2025: €5k▲ +111% vs 2024
Net result€1k-€-12k€22k€-46k€4k
2021: €1k
2022: €-12k▼ -964% vs 2021
2023: €22k▲ +286% vs 2022highest in 5 years
2024: €-46k▼ -312% vs 2023lowest in 5 years
2025: €4k▲ +109% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €45k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€3k ▼ 37.5%
Current assets
€24k ▼ 36.1%
Equity and liabilities €27k
Equity
€7k ▲ 126%
Debt
€20k ▼ 49.7%
Debt's share of the balance-sheet total falls from 92.3% to 72.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €-44k
Cash flow
€6k▲
2024 · €-45k
Current ratio
1.23▲
2024 · 0.97
Quick ratio
1.09▲
2024 · 0.80
Debt to equity
2.67▼
2024 · 12.02
ROE
55.8%
ROA
15.2%▲
2024 · -108.1%
Interest coverage
26.75▲
2024 · -106.41
Debt ≤ 1 year
€20k▼
2024 · €40k
Income taxes
€790▲
2024 · €726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€27k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€38k€24k▼
Stocks and contracts in progress3€6k€3k▼
Stocks30/36€6k€3k▼
Amounts receivable within one year40/41€30k€18k▼
Trade receivables40€576€5k▲
Other amounts receivable41€29k€12k▼
Cash at bank and in hand54/58€344€2k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€43k€27k▼
Equity10/15€3k€7k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-17k€-13k▲
Amounts payable17/49€40k€20k▼
Amounts payable within one year42/48€40k€20k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€28k€15k▼
Taxes450/3€24k€15k▼
Remuneration and social security454/9€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€30-
Gross operating margin9900€-42k€8k▲
Operating profit (loss)9901€-45k€5k▲
Financial income75/76B€224€46▼
Recurring financial income75€224€46▼
Financial charges65/66B€411€257▼
Recurring financial charges65€411€257▼
Profit (loss) for the period before taxes9903€-46k€5k▲
Income taxes67/77€726€790▲
Profit (loss) for the period9904€-46k€4k▲
Profit (loss) for the period to be appropriated9905€-46k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-13k▲
Profit (loss) brought forward from the previous period14P-€-17k
Transfer from equity791/2€29k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €1k | €2k | €2k | ▲ 1.4% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €2k | ▲ 16.3% |
| Non-recurring operating charges66A | - | - | €344 | €30 | - | - |
| Gross operating margin9900 | €9k | €-8k | €34k | €-42k | €8k | ▲ 120% |
| Operating profit (loss)9901 | €4k | €-11k | €30k | €-45k | €5k | ▲ 111% |
| Financial income75/76B | - | €236 | €40 | €224 | €46 | ▼ 79.6% |
| Recurring financial income75 | €655 | €236 | €40 | €224 | €46 | ▼ 79.6% |
| Financial charges65/66B | - | €261 | €572 | €411 | €257 | ▼ 37.4% |
| Recurring financial charges65 | €128 | €261 | €572 | €411 | €257 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €5k | €-11k | €30k | €-46k | €5k | ▲ 111% |
| Income taxes67/77 | €3k | €750 | €8k | €726 | €790 | ▲ 8.8% |
| Profit (loss) for the period9904 | €1k | €-12k | €22k | €-46k | €4k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-12k | €22k | €-46k | €4k | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63k | €55k | €79k | €43k | €27k | ▼ 36.2% |
| Fixed assets21/28 | €4k | €4k | €4k | €5k | €3k | ▼ 37.5% |
| Tangible fixed assets22/27 | €4k | €4k | €4k | €5k | €3k | ▼ 37.5% |
| Plant, machinery and equipment23 | - | €3k | €3k | €3k | €2k | ▼ 41.3% |
| Furniture and vehicles24 | - | €775 | €541 | €2k | €1k | ▼ 31.1% |
| Current assets29/58 | €58k | €51k | €75k | €38k | €24k | ▼ 36.1% |
| Stocks and contracts in progress3 | €7k | €5k | €5k | €6k | €3k | ▼ 55.6% |
| Stocks30/36 | - | €5k | €5k | €6k | €3k | ▼ 55.6% |
| Amounts receivable within one year40/41 | €47k | €39k | €54k | €30k | €18k | ▼ 40.2% |
| Trade receivables40 | - | €2k | €15k | €576 | €5k | ▲ 813% |
| Other amounts receivable41 | - | €37k | €39k | €29k | €12k | ▼ 57.2% |
| Cash at bank and in hand54/58 | €2k | €5k | €14k | €344 | €2k | ▲ 425% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €2k | ▲ 8.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63k | €55k | €79k | €43k | €27k | ▼ 36.2% |
| Equity10/15 | €40k | €28k | €50k | €3k | €7k | ▲ 126% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €21k | €9k | €31k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €7k | €29k | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €-17k | €-13k | ▲ 24.2% |
| Amounts payable17/49 | €23k | €27k | €29k | €40k | €20k | ▼ 49.7% |
| Amounts payable after more than one year17 | - | - | €2k | - | - | - |
| Financial debts170/4 | - | - | €2k | - | - | - |
| Amounts payable within one year42/48 | €23k | €27k | €28k | €40k | €20k | ▼ 49.7% |
| Current portion of amounts payable after more than one year42 | - | - | €3k | €2k | - | - |
| Trade debts44 | €10k | €10k | €8k | €10k | €5k | ▼ 51.9% |
| Suppliers440/4 | - | €10k | €8k | €10k | €5k | ▼ 51.9% |
| Taxes, remuneration and social security45 | - | €18k | €16k | €28k | €15k | ▼ 46.1% |
| Taxes450/3 | - | €15k | €16k | €24k | €15k | ▼ 37.2% |
| Remuneration and social security454/9 | - | €2k | €800 | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-12k | €22k | €-46k | €4k | ▲ 109% |
| + Depreciation and write-downs630 | €2k | €1k | €1k | €2k | €2k | ▲ 1.4% |
| Operating cash flow (approximation) | €3k | €-10k | €23k | €-45k | €6k | ▲ 113% |
| Investment in fixed assets (approximation) | - | €-720 | €-1k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €3k | €9k | €-13k | €1k | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grobbendonk · 1 establishment unit since 2004
Ground area
2,007 m²
Building footprint
272 m²
Volume, LiDAR
847 m³
Parcel 13010D0248/00M007, Flanders · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VECHRI
since 20042.136.990.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010D0248/00M007 | Flanders | 2,007 m² | 1 · 272 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 2,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-04-2004
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.