VENTILATION CONCEPT

Active

Private limited company (pre-2019)founded 201511 yrs activeAakaai 1, 1070 Anderlecht, BelgiumKBO/BCE: BE 0568.886.192

The computed 12-month bankruptcy probability of VENTILATION CONCEPT is 1.7% (moderate). The 2025 annual accounts show equity of €185k and a net result of €18k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 39% of 27711 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability53▲+15

Solvency62▼-6

Growth34▼-19

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity tight (current ratio 1.37 against 1.37 in 2024; short-term debt: 63% and cash: 6% of total assets), and 63% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

37%

Return on assets

3.7%

Age of the figures

15 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

1 d late

2024

3 d late

2023

359 d late

2022

10 d late

2021

2 d late

2020

9 d late

2019

11 d early

← before the deadline after the deadline →

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 months

Position in the running window

30-06-2026 close21-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€878k▼ 9.0%

2024 · €965k

2019: €829k 2020: €622k 2021: €689k 2022: €617k 2023: €1.04M 2024: €965k

2019 → 2025

EBIT margin

3.1%▲ 3.0pp

2024 · 0.1%

2019: 4.3% 2020: -11.5% 2021: 6.2% 2022: 8.9% 2023: 0.0% 2024: 0.1%

2019 → 2025

Net result

€18k▼ 60.0%

2024 · €46k

2019: €30k 2020: €-141k 2021: €24k 2022: €47k 2023: €-22k 2024: €46k

2019 → 2025

Working capital

€115k▲ 38.5%

2024 · €83k

2019: €137k 2020: €105k 2021: €63k 2022: €86k 2023: €81k 2024: €83k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€689k-€617k▼ 10.5%€1.04M▲ 68.0%€965k▼ 6.9%€878k▼ 9.0%

Equity€96k-€143k▲ 48.5%€121k▼ 15.5%€167k▲ 38.2%€185k▲ 11.1%

Operating result€43k-€55k▲ 28.3%€-4€593€27k▲ 4,472%

Net result€24k-€47k▲ 93.6%€-22k€46k€18k▼ 60.0%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,472% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €500k

13.9%

86.1%

Fixed assets €70k▼ 16.4%

Current assets €431k▲ 39.6%

Equity and liabilities €500k

37.0%

63.0%

Equity €185k▲ 11.1%

Debt €315k▲ 40.0%

The debt ratio rises from 57.4% to 63.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€41k▲

2024 · €14k

Cash flow

€32k▼

2024 · €60k

Solvency

37.0%▼

2024 · 42.6%

Current ratio

1.37▼

2024 · 1.37

Quick ratio

1.37▼

2024 · 1.37

Debt / equity

1.70▲

2024 · 1.35

ROE

10.0%▼

2024 · 27.7%

ROA

3.7%▼

2024 · 11.8%

Interest coverage

4.49▲

2024 · 1.28

Debt

€315k▲

2024 · €225k

Debt ≤ 1 year

€315k▲

2024 · €225k

Staff costs

€198k▲

2024 · €186k

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€392k€500k▲

Fixed assets21/28€83k€70k▼

Tangible fixed assets22/27€83k€70k▼

Land and buildings22€61k€59k▼

Plant, machinery and equipment23€428-

Furniture and vehicles24€6k€3k▼

Leasing and similar rights25€17k€8k▼

Financial fixed assets28€50€50=

Current assets29/58€308k€431k▲

Amounts receivable within one year40/41€273k€393k▲

Trade receivables40€137k€210k▲

Other amounts receivable41€136k€183k▲

Cash at bank and in hand54/58€28k€30k▲

Deferred charges and accrued income490/1€7k€8k▲

Equity and liabilities

Total equity and liabilities10/49€392k€500k▲

Equity10/15€167k€185k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Profit (loss) carried forward14€146k€165k▲

Amounts payable17/49€225k€315k▲

Amounts payable within one year42/48€225k€315k▲

Current portion of amounts payable after more than one year42€9k-

Financial debts43€80k€80k=

Credit institutions430/8€80k€80k=

Trade debts44€37k€110k▲

Suppliers440/4€37k€110k▲

Taxes, remuneration and social security45€100k€125k▲

Taxes450/3€24k€15k▼

Remuneration and social security454/9€75k€110k▲

Income statement Code20242025

Turnover70€965k€878k▼

Goods, raw materials, services and sundry goods60/61€754k€637k▼

Remuneration, social security and pensions62€186k€198k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=

Other operating charges640/8€12k€2k▼

Gross operating margin9900€212k€241k▲

Operating profit (loss)9901€593€27k▲

Financial income75/76B€57k€387▼

Recurring financial income75€2k€387▼

Non-recurring financial income76B€55k-

Financial charges65/66B€11k€9k▼

Recurring financial charges65€11k€9k▼

Profit (loss) for the period before taxes9903€46k€18k▼

Profit (loss) for the period9904€46k€18k▼

Profit (loss) for the period to be appropriated9905€46k€18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€146k€165k▲

Profit (loss) brought forward from the previous period14P€100k€146k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

01-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 1 day late

2025

03-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 3 days late

24-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 359 days late

2024

30-06

Financial Back to profitnet €46k

Net result €46k after one loss-making year.

30-06

Financial Equity above €150kEq €167k ▲38.2%

Equity rises from €121k to €167k.

2023

10-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 10 days late

2022

30-06

Financial Highest result since 2019net €47k ▲93.6%

Operating result €55k, net result €47k, both a record.

30-06

Financial Equity above €100kEq €143k ▲48.5%

2 profitable years in a row build equity to €143k.

02-02

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 2 days late

2021

30-06

Financial Back to profitnet €24k

Net result €24k after one loss-making year.

09-02

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 9 days late

2020

30-06

Financial Weakest financial yearnet €-141k ▼562%

Net result drops to €-141k, the lowest in the series; recovery starts the following year.

20-01

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

21-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

23-02

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 23 days late

2017

23-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 51 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 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, Anderlecht · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Aakaai 11070 Anderlecht

Ground area

2.8 ha

Building footprint

1.3 ha

Volume, LiDAR

92,391 m³