VENTILEC
ActiveSummary
VENTILEC has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.0m and a net result of €457,750. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 66% of 36 sector peers (NACE 28, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28990Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
1 site
Size
€6.2mtotal assets 2026
- Staff
- 2.5 FTE
- Equity
- €4.0m
- Profit
- €457,750
Structure
- Board
- 4 members
- HERVEE INVESTChair · permanent representative Veerle CEURSTEMONT
2026 accounts 23 days early2 of 9 deeds summarised
Why 96lowers riskSize: 2.5 FTE, total assets €6.2mFounded in 1994Liquidity: current ratio 2.36, cash €1.1mEquity €4.0m (64.5% of total assets)Show the evidence
Checked score
Score 2026
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 67% of its sector peers (NACE 28, micro)
Financial strength · tick = 2025
Strong
Solvency
90+8
equity 64.5% of total assets
Liquidity
70-9
short-term debt 13.2% · cash 17.7%
Profitability
78+1
return on assets 7.4%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%highest value
12-2024: < 0.1%▼ -0.2 percentage points vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged 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 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €380,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.36, compared with 2.33 in 2025, above the usual 1.5; short-term debt: 13.2% and cash: 17.7% of total assets), and 35.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 28, micro): better than 67% on solvency, 70% on liquidity, 62% on profitability and 69% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 08-10-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
23 days early
2025
18 days early
2024
28 days late
2023
1 day early
2022
4 days early
2021
33 days early
2020
10 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 27 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · full…
- Resignations: Veerle CEURSTEMONT (director) and Herman…Appointments: LOCRENSA, HERVEE INVEST and…
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2026, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€457,750▲ 11.3%
2025 · €411,326
Working capital
€1.1m▼ 18.7%
2025 · €1.4m
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 18% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.7m
2026
Net result€0.5m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.2m
2026
Equity€4.0m
2026
Debt€2.2m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.1m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.4%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency64.5%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.36
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)2.5
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.4m-€0.3m▼ 29.2%€0.2m▼ 32.6%€0.6m▲ 241%€0.4m▼ 35.5%€0.8m▲ 91.9%€0.6m▼ 29.0%€0.7m▲ 18.3%
Net result€0.2m-€0.1m▼ 43.0%€0.2mwithin the sector's middle half▲ 10.0%€0.5mabove the sector's middle half▲ 214%€0.3mabove the sector's middle half▼ 37.4%€0.6mabove the sector's middle half▲ 88.3%€0.4mabove the sector's middle half▼ 28.8%€0.5m▲ 11.3%
Equity€1.4m-€1.6m▲ 9.9%€1.7mabove the sector's middle half▲ 9.9%€2.2mabove the sector's middle half▲ 28.3%€2.5mabove the sector's middle half▲ 13.8%€3.1mabove the sector's middle half▲ 23.3%€3.5mabove the sector's middle half▲ 13.2%€4.0m▲ 13.0%
Total assets€3.9m-€4.6m▲ 18.6%€4.9mabove the sector's middle half▲ 7.2%€5.9mabove the sector's middle half▲ 20.4%€5.6mabove the sector's middle half▼ 6.0%€5.8mabove the sector's middle half▲ 3.5%€6.2mabove the sector's middle half▲ 6.8%€6.2m▲ 0.1%
Debt€2.3m-€2.9m▲ 25.9%€3.1m▲ 7.6%€3.6m▲ 14.3%€2.9m▼ 17.3%€2.5m▼ 16.4%€2.6m▲ 6.3%€2.2m▼ 16.9%
Working capital€1.2m-€1.5m▲ 24.0%€1.1mabove the sector's middle half▼ 27.9%€0.7mwithin the sector's middle half▼ 34.8%€0.8mwithin the sector's middle half▲ 12.6%€1.3mabove the sector's middle half▲ 58.9%€1.4mabove the sector's middle half▲ 6.7%€1.1m▼ 18.7%
Solvency37.0%-34.3%▼ 2.7pp35.2%within the sector's middle half▲ 0.9pp37.4%within the sector's middle half▲ 2.3pp45.3%within the sector's middle half▲ 7.9pp54.0%within the sector's middle half▲ 8.7pp57.2%within the sector's middle half▲ 3.2pp64.5%▲ 7.3pp
Current ratio1.98-1.98=1.48within the sector's middle half▼ 0.501.55within the sector's middle half▲ 0.061.93within the sector's middle half▲ 0.393.05above the sector's middle half▲ 1.122.33within the sector's middle half▼ 0.732.36▲ 0.04
Return on assets (ROA)6.4%-3.1%▼ 3.3pp3.2%within the sector's middle half▲ 0.1pp8.2%within the sector's middle half▲ 5.1pp5.5%within the sector's middle half▼ 2.8pp10.0%within the sector's middle half▲ 4.5pp6.7%within the sector's middle half▼ 3.3pp7.4%▲ 0.7pp
Staff (FTE)11-12.2▲ 10.9%13.1within the sector's middle half▲ 7.4%7within the sector's middle half▼ 46.6%4.6within the sector's middle half▼ 34.3%3.7within the sector's middle half▼ 19.6%1.8within the sector's middle half▼ 51.4%2.5▲ 38.9%
above
within
below
the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €6.2m
Fixed assets
€4.3m ▲ 12.7%
Current assets
€1.9m ▼ 19.6%
Equity and liabilities €6.2m
Equity
€4.0m ▲ 13.0%
Provisions
€17,772 ▼ 20.8%
Debt
€2.2m ▼ 16.9%
Debt's share of the balance-sheet total falls from 42.4% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€940,462▲
2025 · €835,724
Cash flow
€735,588▲
2025 · €686,964
Quick ratio
2.26▲
2025 · 2.24
Debt to equity
0.55▼
2025 · 0.74
ROE
11.5%▼
2025 · 11.6%
Interest coverage
47.36▲
2025 · 32.54
Debt ≤ 1 year
€816,809▼
2025 · €1.0m
Debt > 1 year
€1.4m▼
2025 · €1.6m
Income taxes
€211,973▲
2025 · €152,921
Staff costs
€215,218▲
2025 · €163,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,373 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.005m | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.001m | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.08m | -€0.04m | €0.1m | -€0.2m | €0 | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 17.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Gross operating margin9900 | €1.1m | €1.2m | €1.1m | €1.6m | €1.0m | €1.4m | €0.9m | €1.2m | ▲ 38.4% |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.2m | €0.6m | €0.4m | €0.8m | €0.6m | €0.7m | ▲ 18.3% |
| Financial income75/76B | - | - | - | €0.03m | €0.004m | €0.006m | €0.03m | €0.02m | ▼ 11.5% |
| Recurring financial income75 | €0.002m | €0.007m | €0.03m | €0.03m | €0.004m | €0.006m | €0.03m | €0.02m | ▼ 11.5% |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 22.7% |
| Recurring financial charges65 | €0.05m | €0.1m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.2m | €0.2m | €0.6m | €0.4m | €0.8m | €0.6m | €0.7m | ▲ 18.8% |
| Transfer from deferred taxes780 | - | - | - | €0.008m | €0.008m | €0.005m | €0.005m | €0.005m | ▲ 0.2% |
| Income taxes67/77 | €0.1m | €0.04m | €0.05m | €0.2m | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 38.6% |
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.2m | €0.5m | €0.3m | €0.6m | €0.4m | €0.5m | ▲ 11.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.02m | €0.01m | €0.2m | €0.09m | ▼ 44.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.1m | €0.3m | €0 | €0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.07m | €0.5m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.9m | €4.6m | €4.9m | €5.9m | €5.6m | €5.8m | €6.2m | €6.2m | ▲ 0.1% |
| Fixed assets21/28 | €1.4m | €1.5m | €1.5m | €3.9m | €3.9m | €3.9m | €3.8m | €4.3m | ▲ 12.7% |
| Intangible fixed assets21 | €434 | - | - | - | - | €0.02m | €0.02m | €0.02m | ▼ 10.2% |
| Tangible fixed assets22/27 | €1.4m | €1.5m | €1.5m | €3.8m | €3.9m | €3.8m | €3.7m | €4.2m | ▲ 14.0% |
| Land and buildings22 | - | - | - | €3.4m | €3.4m | €3.3m | €3.4m | €3.9m | ▲ 16.3% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 2.2% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.1m | €0.08m | €0.06m | ▼ 26.4% |
| Financial fixed assets28 | €385 | €385 | €0.08m | €0.08m | €0.06m | €0.06m | €0.04m | €385 | ▼ 99.0% |
| Current assets29/58 | €2.5m | €3.1m | €3.4m | €2.0m | €1.7m | €1.9m | €2.4m | €1.9m | ▼ 19.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.005m | €0.005m | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €0.005m | €0.005m | €0 | - | - | - |
| Stocks and contracts in progress3 | €0.08m | €0.1m | €0.1m | €0.06m | €0.04m | €0.05m | €0.09m | €0.09m | ▼ 2.2% |
| Stocks30/36 | - | - | - | €0.06m | €0.04m | €0.05m | €0.09m | €0.09m | ▼ 2.2% |
| Amounts receivable within one year40/41 | €1.0m | €0.6m | €0.8m | €0.9m | €0.5m | €0.4m | €0.4m | €0.5m | ▲ 20.9% |
| Trade receivables40 | - | - | - | €0.9m | €0.5m | €0.3m | €0.3m | €0.2m | ▼ 32.3% |
| Other amounts receivable41 | - | - | - | €0.006m | €0.008m | €0.07m | €0.06m | €0.2m | ▲ 311% |
| Current investments50/53 | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.4% |
| Cash at bank and in hand54/58 | €1.1m | €2.0m | €2.2m | €0.8m | €0.8m | €1.2m | €1.6m | €1.1m | ▼ 33.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.009m | ▼ 26.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.9m | €4.6m | €4.9m | €5.9m | €5.6m | €5.8m | €6.2m | €6.2m | ▲ 0.1% |
| Equity10/15 | €1.4m | €1.6m | €1.7m | €2.2m | €2.5m | €3.1m | €3.5m | €4.0m | ▲ 13.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.4m | €1.5m | €1.7m | €2.2m | €2.5m | €3.1m | €3.5m | €3.9m | ▲ 13.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.3m | €0.6m | €0.5m | €0.7m | ▲ 52.3% |
| Distributable reserves133 | - | - | - | €1.9m | €2.1m | €2.4m | €3.0m | €3.2m | ▲ 6.9% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.08m | €0.2m | €0.1m | €0.2m | €0.02m | €0.02m | ▼ 20.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.06m | €0.2m | €0 | - | - |
| Major repairs and maintenance162 | - | - | - | €0.02m | - | - | - | - | - |
| Environmental obligations163 | - | - | - | €0.08m | €0.06m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.003m | €0.2m | €0 | - | - |
| Deferred taxes168 | - | - | - | €0.05m | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 20.8% |
| Amounts payable17/49 | €2.3m | €2.9m | €3.1m | €3.6m | €2.9m | €2.5m | €2.6m | €2.2m | ▼ 16.9% |
| Amounts payable after more than one year17 | €0.8m | €1.0m | €0.8m | €2.2m | €2.1m | €1.8m | €1.6m | €1.4m | ▼ 14.4% |
| Financial debts170/4 | - | - | - | €2.2m | €2.1m | €1.8m | €1.6m | €1.4m | ▼ 14.4% |
| Amounts payable within one year42/48 | €1.3m | €1.6m | €2.3m | €1.3m | €0.9m | €0.6m | €1.0m | €0.8m | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 10.2% |
| Financial debts43 | - | - | - | €0.01m | €0.03m | €0.008m | €0.04m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.03m | €0.008m | €0.04m | €0 | ▼ 100% |
| Trade debts44 | €0.9m | €1.1m | €1.5m | €0.7m | €0.4m | €0.1m | €0.3m | €0.4m | ▲ 58.7% |
| Suppliers440/4 | - | - | - | €0.7m | €0.4m | €0.1m | €0.3m | €0.4m | ▲ 58.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.05m | €0.04m | €0.04m | €0.09m | ▲ 103% |
| Taxes450/3 | - | - | - | €0.1m | €0.01m | €0.01m | €0.03m | €0.05m | ▲ 78.2% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.03m | €0.02m | €0.04m | ▲ 144% |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.1m | €0.1m | €0.5m | €0.1m | ▼ 76.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.2m | €0.5m | €0.3m | €0.6m | €0.4m | €0.5m | ▲ 11.3% |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 0.8% |
| Operating cash flow (approximation) | €0.5m | €0.5m | €0.4m | €0.8m | €0.5m | €0.8m | €0.7m | €0.7m | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.3m | -€2.7m | -€0.2m | -€0.2m | -€0.2m | -€0.8m | ▼ 334% |
| Change in cash | - | €0.9m | €0.1m | -€1.4m | €0.01m | €0.4m | €0.5m | -€0.5m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | full format | 08-10-2026 | 2026-00551281 |
| 31-03-2025 | abbreviated format | 13-10-2025 | 2025-00540281 |
| 31-03-2024 | abbreviated format | 28-11-2024 | 2024-00605809 |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00503324 |
| 31-03-2022 | abbreviated format | 27-10-2022 | 2022-20475253 |
| 31-03-2021 | abbreviated format | 28-09-2021 | 2021-69200065 |
| 31-03-2020 | abbreviated format | 21-10-2020 | 2020-62300151 |
| 31-03-2019 | abbreviated format | 01-10-2019 | 2019-68000088 |
| 31-03-2018 | abbreviated format | 22-10-2018 | 2018-69700315 |
| 31-03-2017 | abbreviated format | 26-10-2017 | 2017-67700340 |
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Of the 341 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990), figures are known for 277. 123 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €18,377 awarded · €18,377 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €429 | €429 |
| 2023 | 2 | €226 | €17,834 |
| 2022 | 2 | €17,722 | €114 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26097678). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
HERVEE INVEST
CurrentChair of the board · since 22-06-2026 · Director · since 22-06-2026 · Private limited company · permanent representative: Veerle CEURSTEMONT
LOBOR
CurrentDirector · since 22-06-2026 · Private limited company · permanent representative: Jef SCHELFHOUT
LOCRENSA
CurrentDirector · since 22-06-2026 · Legal entity · permanent representative: Herman SCHELFHOUT
SCHELFHOUT ENGINEERING
CurrentDirector · since 22-06-2026 · Private limited company · permanent representative: Rik SCHELFHOUT
Day-to-day management 1
HERVEE INVEST
CurrentManaging director · since 22-06-2026 · Private limited company · permanent representative: Veerle CEURSTEMONT
Permanent representatives 4
Herman SCHELFHOUT
CurrentPermanent representative · since 22-06-2026 · for LOCRENSA
Jef SCHELFHOUT
CurrentPermanent representative · since 22-06-2026 · for LOBOR
Rik SCHELFHOUT
CurrentPermanent representative · since 22-06-2026 · for SCHELFHOUT ENGINEERING
Veerle CEURSTEMONT
CurrentPermanent representative · since 22-06-2026 · for HERVEE INVEST
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
7 of this company's 9 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
6 people since 2026, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| HERVEE INVEST |
|
| LOBOR |
|
| LOCRENSA |
|
| SCHELFHOUT ENGINEERING |
|
| Herman SCHELFHOUT |
|
| Veerle CEURSTEMONT |
|
Owners and capital
Capital and shareholders
Capital over the years
- 17-10-2023 Capital stated in the deed · €62,000 · 10,584 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Ventilec Industrial
Shared corporate director
→
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
08-10
NBB filing
Annual accounts filed
financial year 2026 · full format
29-07
Gazette deed
Resignations: Veerle CEURSTEMONT (director) and Herman SCHELFHOUT (director)Appointments: LOCRENSA, HERVEE INVEST and 2 others · Permanent representative: Veerle CEURSTEMONT · Power of attorney20 facts ▸
Gazette deed
Resignations: Veerle CEURSTEMONT (director) and Herman SCHELFHOUT (director)
Appointments: LOCRENSA, HERVEE INVEST and 2 others · Permanent representative: Veerle CEURSTEMONT · Power of attorney20 facts ▸
- General meeting, 22-06-2026
- Director resignation, Veerle CEURSTEMONT (director)
- Director resignation, Herman SCHELFHOUT (director)
- Director appointment, LOCRENSA (director)
- Director appointment, HERVEE INVEST (director)
- Director appointment, SCHELFHOUT ENGINEERING (director)
- Director appointment, LOBOR (director)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Kirstin DE VYLDER
- Power of attorney, Jens VAN OPSTAL
- Power of attorney, Laurine MYS
- Power of attorney, Eli CIERS
- +8 further facts in this act
2025
13-10
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2024
28-11
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 28 days late
31-03
Financial
Highest result from 2019 to 2026net €577,838 ▲88.3%
Operating result €788,409, net result €577,838, both a record.
2023
30-10
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
17-10
Gazette deed
Amendment of the articles · Resignations & appointmentsReappointments: SCHELFHOUT Herman, Ernest, Germana (director) and CEURSTEMONT Veerle, Emmy, Maria (director) · Incorporation · Capital9 facts ▸
Gazette deed
Amendment of the articles · Resignations & appointments
Reappointments: SCHELFHOUT Herman, Ernest, Germana (director) and CEURSTEMONT Veerle, Emmy, Maria (director) · Incorporation · Capital9 facts ▸
- General meeting, 10-10-2023
- Incorporation, 21-12-1994
- Other provision, “vennootschapsdossier en rechtspersonenregister”, 0454.166.173 (deed in Dutch)
- Amendment of the articles (2 times)
- Capital, €62,000
- Registered office clause, “9160 Lokeren, Moortelstraat 20” (deed in Dutch)
- Director reappointment, SCHELFHOUT Herman, Ernest, Germana (director)
- Director reappointment, CEURSTEMONT Veerle, Emmy, Maria (director)
- Board meeting, “gedelegeerd bestuurder, voor duur mandaat als bestuurder” (deed in Dutch) (2 times)
2022
27-10
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
31-03
Financial
Equity above €2mequity €2.2m ▲28.3%
A profit in every financial year since 2019 builds equity to €2.2m.
2021
28-09
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2020
21-10
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
31-03
Financial
Weakest financial yearnet €142,065 ▼43%
Net result drops to €142,065, the lowest in the series; recovery starts the following year.
Show earlier events
2019
01-10
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2018
22-10
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2017
26-10
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 31 annual accounts filed, the latest 10 are here; all 31 are under Financials.
2 of 9 deeds read
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPublic limited company
Founded21-12-1994
Financial year end31-03
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454166173
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0454.166.173
Recognitions · licences · registrations
Recognised contractor
7 categoriesVENTILEC NVapproval no. 40458
- D18 Ventilation, warm-air heating and air conditioningclass 4, up to €1,080,000
- G5 Demolitionclass 1, up to €162,000
- L General hydromechanical equipment contractsclass 1, up to €162,000
- L1 Pipework installationsclass 1, up to €162,000
- N2 Transport of objects and goods through ducts or tubesclass 1, up to €162,000
- P3 Overhead power linesclass 1, up to €162,000
- S4 Data processing and process controlclass 1, up to €162,000
Environmental permits
2 applications in Flanders since 2024 · 1 granted · 1 under review
Nieuwbouw of aanleggen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Bouwen of herbouwen; Nieuwbouw of aanleggen
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 1995
Ground area
6,026 m²
Building footprint
3,426 m²
Building volume
22,592 m³
Parcel 46382B1439/00E000, Flanders · tallest building 9.5 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VENTILEC NV
since 1995unit no. 2.071.729.067
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46382B1439/00E000 | Flanders | 6,026 m² | 1 · 3,426 m² | 9.5 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop,verkoop van alle onroerende goederen,zowel bebouwde als onbebouwde percelen en gebouwen aller aard;de bemiddeling bij dergelijke…” (deed in Dutch)
9 activities (deed in Dutch)
- De aankoop,verkoop van alle onroerende goederen,zowel bebouwde als onbebouwde percelen en gebouwen aller aard;de bemiddeling bij dergelijke operaties,de oprichting,aanpassing en herstelling voor eigen rekening of voor rekening van derden,ten titel van aanneming,van alle gebouwen of constructies;het verkavelen,uitrusten en tot waarde brengen van alle onroerende goederen voor eigen rekening of voor rekening van derden;het verrichten van alle studies,het uitwerken van alle ontwerpen,ook voor rekening van derden en het verlenen van alle adviezen in verband met de bovenvermelde activiteiten,het in eigendom behouden en uitbaten van alle onroerende goederen:zowel onbebouwde als gebouwen,het verhuren,huren,onderverhuren of onderhuren,beheren voor eigen rekening of voor rekening van derden van alle onroerende goederen;het verrichten van geldleningen en het stellen van waarborgen voor derden;dit alles zowel voor eigen rekening als voor rekening van derden,als hoofdhandelaar of als agent,in binnen- en buitenland;het in leasing nemen of geven van alle onroerende goederen,het optreden als beroepsoprichter en bouwpromotor
- Handel,fabricage en plaatsing van elektrotechnische installaties,ventilatie,lichtreclames,elektrische installaties,drijfkracht en telefooninstallaties,radio elektrisch materiaal,kabels en diverse leidingen,metalen constructies,industriële pijpleidingen,afzuiginstallaties,alarm- en beveiligingstoestellen,tuinbouwopstal,zwembaden en aanverwante artikelen
- De aan- en verkoop,het onderhouden,het installeren en het herstellen van alle soorten van centrale verwarming,luchtverwarming en airconditioning
- Uitvoeren van grondwerken,corrosiebehandelingen van metalen,installeren van fabrieken,werkplaatsen en nucleaire installaties
- Aanleggen van speelpleinen,sportvelden,parken en tuinen
- Het vervaardigen of laten vervaardigen en vervoeren van alle voormelde producten,materialen en materieel
- Het verlenen van bijstand inzake management zowel bij wijze van managementsadvies als door rechtstreekse deelname aan het bestuur,het uitvoeren van bepaalde opdrachten in uitvoering van managementscontracten,zonder dat deze opsomming beperkend is
- Het verlenen van administratieve diensten aan bedrijven zoals secretariaatswerk,personeelsadministratie,opmaken van verkoopcontracten,facturatie,klantenopvolging,financiële operaties,verstrekken van informaties,boekhouding
- De vennootschap handelt voor eigen rekening,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger;Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen,ondernemingen,groeperingen of organisaties
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VENTILEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De raad van bestuur bepaalt of zij alleen, dan wel gezamenlijk optreden. De gedelegeerden voor het dagelijks bestuur kunnen in het kader van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad, minimum aantal leden door wet voorgeschreven” (deed in Dutch)“Hoogstens zes jaar, algemene vergadering” (deed in Dutch)“Te allen tijde met onmiddellijke ingang, algemene vergadering” (deed in Dutch)“Verplicht opdracht verder te vervullen tot vervanging voorzien binnen redelijke termijn, kennisgeving aan bestuursorgaan” (deed in Dutch)“Alle handelingen nodig of dienstig voor voorwerp, alleen algemene vergadering volgens wet of statuten” (deed in Dutch)“Onbezoldigd tenzij algemene vergadering anders beslist” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of September
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed