VECOLUX
ActiveVECOLUX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.79M and a net result of €529k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 7983 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 6.01 against 12.27 in 2024; short-term debt: 16.3% and cash: 16.7% of total assets), and 16.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
23 d early
2023
21 d early
2022
42 d early
2021
33 d early
2020
26 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.79M▲ 0.8%
2024 · €3.76M
2018: €1.69M
2019: €1.94M
2020: €1.58M
2021: €1.83M
2022: €2.55M
2023: €3.06M
2024: €3.76M
2018 → 2025
Total assets
€4.53M▲ 10.9%
2024 · €4.08M
2018: €2.03M
2019: €2.11M
2020: €1.80M
2021: €1.98M
2022: €2.89M
2023: €3.32M
2024: €4.08M
2018 → 2025
Net result
€529k▼ 24.1%
2024 · €697k
2018: €253k
2019: €249k
2020: €342k
2021: €472k
2022: €809k
2023: €873k
2024: €697k
2018 → 2025
Working capital
€3.70M▲ 1.8%
2024 · €3.64M
2018: €1.47M
2019: €1.43M
2020: €1.55M
2021: €1.82M
2022: €2.54M
2023: €2.92M
2024: €3.64M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.83M-€2.55M▲ 39.1%€3.06M▲ 20.0%€3.76M▲ 22.8%€3.79M▲ 0.8%
Operating result€608k-€1.07M▲ 76.0%€1.14M▲ 6.3%€873k▼ 23.3%€647k▼ 25.9%
Net result€472k-€809k▲ 71.5%€873k▲ 7.8%€697k▼ 20.1%€529k▼ 24.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.53M
Fixed assets
€91k▼ 27.3%
Current assets
€4.44M▲ 12.1%
Equity and liabilities €4.53M
Equity
€3.79M▲ 0.8%
Debt
€740k▲ 129%
The debt ratio rises from 7.9% to 16.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€692k▼
2024 · €911k
Cash flow
€574k▼
2024 · €736k
Solvency
83.7%▼
2024 · 92.1%
Current ratio
6.01▼
2024 · 12.27
Quick ratio
5.51▼
2024 · 11.02
Debt / equity
0.20▲
2024 · 0.09
ROE
14.0%▼
2024 · 18.5%
ROA
11.7%▼
2024 · 17.1%
Interest coverage
7.34▼
2024 · 9.06
Debt
€740k▲
2024 · €323k
Debt ≤ 1 year
€738k▲
2024 · €323k
Income taxes
€182k▼
2024 · €244k
Staff costs
€712k▲
2024 · €674k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.08M€4.53M▲
Fixed assets21/28€125k€91k▼
Tangible fixed assets22/27€125k€91k▼
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€93k€63k▼
Other tangible fixed assets26€26k€25k▼
Financial fixed assets28€40€40=
Current assets29/58€3.96M€4.44M▲
Stocks and contracts in progress3€403k€373k▼
Stocks30/36€403k€373k▼
Amounts receivable within one year40/41€527k€401k▼
Trade receivables40€522k€401k▼
Other amounts receivable41€5k€261▼
Current investments50/53€2.33M€2.90M▲
Cash at bank and in hand54/58€685k€758k▲
Deferred charges and accrued income490/1€18k€8k▼
Equity and liabilities
Total equity and liabilities10/49€4.08M€4.53M▲
Equity10/15€3.76M€3.79M▲
Contributions10/11€41k€41k=
Reserves13€3.72M€3.75M▲
Distributable reserves133€3.72M€3.75M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€323k€740k▲
Amounts payable within one year42/48€323k€738k▲
Trade debts44€138k€86k▼
Suppliers440/4€138k€86k▼
Taxes, remuneration and social security45€185k€153k▼
Taxes450/3€92k€85k▼
Remuneration and social security454/9€93k€68k▼
Other amounts payable47/48-€500k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€674k€712k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€45k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€656€236▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€1.59M€1.41M▼
Operating profit (loss)9901€873k€647k▼
Financial income75/76B€169k€159k▼
Recurring financial income75€169k€159k▼
Financial charges65/66B€101k€94k▼
Recurring financial charges65€101k€94k▼
Profit (loss) for the period before taxes9903€941k€711k▼
Income taxes67/77€244k€182k▼
Profit (loss) for the period9904€697k€529k▼
Profit (loss) for the period to be appropriated9905€697k€529k▼
Appropriation of the result
Profit (loss) to be appropriated9906€697k€529k▼
Transfer to equity691/2€697k€29k▼
To other reserves6921€697k€29k▼
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
Social balance
Average headcount (FTE)908710.710.5▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €873k ▲7.8%
Operating result €1.14M, net result €873k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.55M ▲39.1%
5 profitable years in a row build equity to €2.55M.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €249k ▼1.6%
Net result drops to €249k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2026
Resigned as Director
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsstraat 102960 BrechtGround area
2,779 m²
Building footprint
1,177 m²
Volume, LiDAR
7,202 m³
Parcel 11042A0001/00R044, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vecolux
since 20162.251.809.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0001/00R044 | Flanders | 2,779 m² | 1 · 1,177 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 46,143 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 143 EUR | 0 EUR |
| 2023 | 1 | 46,000 EUR | 0 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 441 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-1983
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46643Wholesale of electrical equipment, including installation materials
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.