Versatec Service
ActiveThe computed 12-month bankruptcy probability of Versatec Service is 2.7% (moderate). The 2024 annual accounts show equity of €88k and a net result of €87k. Its solvency ranks better than 58% of 36373 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+45
Solvency78▲+45
Growth78
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.08 in 2023; short-term debt: 34.2% and cash: 24.5% of total assets), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-08-2025, 10 days 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
10 d late
2023
12 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 3,634%
2023 · €2k
2023: €2k
2023 → 2024
Total assets
€165k▲ 443%
2023 · €30k
2023: €30k
2023 → 2024
Net result
€87k▲ 3,909%
2023 · €2k
2023: €2k
2023 → 2024
Working capital
€50k▲ 2,005%
2023 · €2k
2023: €2k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€2k-€88k▲ 3,634%
Operating result€3k-€109k▲ 3,714%
Net result€2k-€87k▲ 3,909%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 3,714% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165k
Fixed assets
€59k
Current assets
€106k
Equity and liabilities €165k
Equity
€88k▲ 3,634%
Debt
€77k▲ 175%
The debt ratio falls from 92.2% to 46.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k
Cash flow
€92k
Solvency
53.3%▲
2023 · 7.8%
Current ratio
1.88▲
2023 · 1.08
Quick ratio
1.55▲
2023 · 1.08
Debt / equity
0.88▼
2023 · 11.90
ROE
98.3%▲
2023 · 91.5%
ROA
52.4%▲
2023 · 7.1%
Interest coverage
165.69
Debt
€77k▲
2023 · €28k
Debt ≤ 1 year
€57k▲
2023 · €28k
Debt > 1 year
€21k
Income taxes
€22k▲
2023 · €553
Staff costs
€2k▼
2023 · €34k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€30k€165k▲
Fixed assets21/28-€59k
Tangible fixed assets22/27-€59k
Plant, machinery and equipment23-€8k
Furniture and vehicles24-€51k
Current assets29/58€30k€106k▲
Stocks and contracts in progress3-€19k
Stocks30/36-€19k
Amounts receivable within one year40/41€21k€44k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€7k€29k▲
Cash at bank and in hand54/58€10k€40k▲
Deferred charges and accrued income490/1€98€3k▲
Equity and liabilities
Total equity and liabilities10/49€30k€165k▲
Equity10/15€2k€88k▲
Contributions10/11€1k€1k=
Reserves13-€87k
Distributable reserves133-€87k
Profit (loss) carried forward14€1k-
Amounts payable17/49€28k€77k▲
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€28k€57k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€18k€28k▲
Suppliers440/4€18k€28k▲
Taxes, remuneration and social security45€6k€23k▲
Taxes450/3€2k€23k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€4k€840▼
Income statement
Code20232024
Remuneration, social security and pensions62€34k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6k
Other operating charges640/8€135€639▲
Gross operating margin9900€37k€117k▲
Operating profit (loss)9901€3k€109k▲
Financial income75/76B-€45
Recurring financial income75-€45
Financial charges65/66B€149€693▲
Recurring financial charges65€149€693▲
Profit (loss) for the period before taxes9903€3k€109k▲
Income taxes67/77€553€22k▲
Profit (loss) for the period9904€2k€87k▲
Profit (loss) for the period to be appropriated9905€2k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€88k▲
Profit (loss) brought forward from the previous period14P-€1k
Transfer to equity691/2-€87k
To other reserves6921-€87k
Profit to be distributed694/7€800€840▲
Return on contributions (dividend)694€800€840▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Lubbeek · 1 establishment unit since 2023
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.
Brusselstraat(BIN) 413211 LubbeekGround area
1,032 m²
Building footprint
183 m²
Volume, LiDAR
689 m³
Parcel 24012B0363/00G000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Versatec Service
since 20232.345.442.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24012B0363/00G000 | Flanders | 1,032 m² | 1 · 183 m² | 6.6 m · 1 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.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2023
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.