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VERTECC PROJECTS

Active
Private limited companyfounded 2024active for 2 yearsRollegem-Kapelsestraat 100, 8880 Ledegem, BelgiumKBO/BCE: BE 1014.039.879
Summary

VERTECC PROJECTS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,013 and a net result of €35,513. Its solvency ranks better than 89% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

Equity
€38,013
Total assets
€45,061
Net result
€35,513
Working capital
€36,898

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €45,061
Fixed assets €1,114
Current assets €43,947
Equity and liabilities €45,061
Equity €38,013
Debt €7,049
Debt finances 15.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€50,288
Cash flow
€40,356
Current ratio
6.23
Debt to equity
0.19
ROE
93.4%
ROA
78.8%
Interest coverage
over 100
Debt ≤ 1 year
€7,049
Income taxes
€9,690
Staff costs
€2,624

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€45,061
Fixed assets21/28€1,114
Tangible fixed assets22/27€1,114
Furniture and vehicles24€1,114
Current assets29/58€43,947
Amounts receivable within one year40/41€15,632
Trade receivables40€13,322
Other amounts receivable41€2,310
Cash at bank and in hand54/58€28,315
Equity and liabilities
Total equity and liabilities10/49€45,061
Equity10/15€38,013
Contributions10/11€2,500
Profit (loss) carried forward14€35,513
Amounts payable17/49€7,049
Amounts payable within one year42/48€7,049
Trade debts44€2,057
Suppliers440/4€2,057
Taxes, remuneration and social security45€52
Taxes450/3€52
Other amounts payable47/48€4,939
Income statement Code2025
Remuneration, social security and pensions62€2,624
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,843
Other operating charges640/8€673
Gross operating margin9900€53,585
Operating profit (loss)9901€45,444
Financial charges65/66B€242
Recurring financial charges65€242
Profit (loss) for the period before taxes9903€45,203
Income taxes67/77€9,690
Profit (loss) for the period9904€35,513
Profit (loss) for the period to be appropriated9905€35,513
Appropriation of the result
Profit (loss) to be appropriated9906€35,513

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€2,624
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,843
Other operating charges640/8€673
Gross operating margin9900€53,585
Operating profit (loss)9901€45,444
Financial charges65/66B€242
Recurring financial charges65€242
Profit (loss) for the period before taxes9903€45,203
Income taxes67/77€9,690
Profit (loss) for the period9904€35,513
Profit (loss) for the period to be appropriated9905€35,513
Line2025
Assets
Total assets20/58€45,061
Fixed assets21/28€1,114
Tangible fixed assets22/27€1,114
Furniture and vehicles24€1,114
Current assets29/58€43,947
Amounts receivable within one year40/41€15,632
Trade receivables40€13,322
Other amounts receivable41€2,310
Cash at bank and in hand54/58€28,315
Equity and liabilities
Total equity and liabilities10/49€45,061
Equity10/15€38,013
Contributions10/11€2,500
Profit (loss) carried forward14€35,513
Amounts payable17/49€7,049
Amounts payable within one year42/48€7,049
Trade debts44€2,057
Suppliers440/4€2,057
Taxes, remuneration and social security45€52
Taxes450/3€52
Other amounts payable47/48€4,939
Line2025
Profit (loss) for the period9904€35,513
+ Depreciation and write-downs630€4,843
Operating cash flow (approximation)€40,356

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 29-07-2026 2026-00347454

Similar companies · same sector, comparable size

Of the 22,643 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,451. 8,394 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.