VERTECC PROJECTS
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
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 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 24-09-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Rollegem-Kapelsestraat 100, 8880 Ledegem
- Activity
- General electrical installation work NACE 43211and 4 others
- Establishment unit
- 2.365.470.902 8880 Ledegem, since 24-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €53,585
- Turnover
- ≈ €200,000
- estimated
- Profit
- €35,513
- Equity
- €38,013
- Total assets
- €45,061
- Staff
- ≈ 0.1 FTE
- estimated
Score breakdownraises riskFounded in 2024Size: total assets €45,061lowers riskLiquidity: current ratio 6.23, cash €28,315Equity €38,013 (84.4% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 93% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Searched, nothing found (1)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-07-2026
- Format
- micro format
- Reference
- 2026-00347454
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as VERTECC PROJECTS has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of VERTECC PROJECTS itself is lower: 0.3% within 12 months. It rests on far more data about VERTECC PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for VERTECC PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €35,513 |
| + Depreciation and write-downs630 | €4,843 |
| Operating cash flow (approximation) | €40,356 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347454 | NBB |
Comparable companies
These companies have the same main activity as VERTECC PROJECTS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €45,400 and €54,800, founded between 2024 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| VERTECC PROJECTS Ledegem | 2024 | €45,061 | €38,013 | €53,585 | €35,513 | 2025 |
| Zaremba Technics Izegem | 2025 | €51,499 | €48,070 | €57,880 | €45,570 | 2025 |
| ELEKPRO Wuustwezel | 2024 | €45,449 | €33,581 | €46,890 | €33,581 | 2025 |
| HELIOS ENERGY Hasselt | 2024 | €46,510 | -€14,632 | €63,760 | -€18,632 | 2025 |
| ELECTROREUT Ternat | 2025 | €50,045 | €40,016 | €54,244 | €38,849 | 2025 |
| DS HEAT & COOL Pont-à-Celles | 2024 | €47,404 | €41,719 | €66,234 | €39,219 | 2025 |
| JH Service Solutions Arendonk | 2024 | €54,798 | €20,000 | €50,781 | €39,216 | 2025 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERHELST Maxim Noëlla Josephus |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, algemene vergadering”
- Power of attorneyA power of attorney lets someone perform specific acts on the company's behalf.
- One provision in the deed
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 26-09-2024
Owners and capital
Capital transactions
- VERHELST Maxim Noëlla Josephus 25 shares (100%) · €2,500
- 26-09-2024 Incorporation · €2,500 · 25 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Bestemming van de winst-reserves, verminderd met overgedragen verlies of vermeerderd met overgedragen winst”
Articles of association, deed of 26-09-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of VERTECC PROJECTS. Every other company they run is a node.
History
On 24 September 2024, VERTECC PROJECTS was incorporated as a private limited company by one natural person, with a starting capital of €2,500.12 VERHELST Maxim Noëlla Josephus is director of the company, appointed in the act of 26-09-2024.2 The company has filed annual accounts once, for financial year 2025.3
Acts, filings and financial milestones
26-09
Gazette deed
IncorporationAppointment: VERHELST Maxim Noëlla Josephus (director) · Founder · Founding capital7 points ▸
- Incorporation, 23-09-2024
- Founder, VERHELST Maxim Noëlla Josephus
- Founding capital, €2,500
- Registered office clause, “8880 Ledegem,Rollegem-Kapelsestraat 100” (deed in Dutch)
- Director appointment, VERHELST Maxim Noëlla Josephus (director (not named in the articles))
- Other provision, “verklaring geen verbodsbepaling mandaat, niet getroffen door enige verbodsbepaling” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
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. Use the enterprise number 1014.039.879
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36016B0280/00P007 | Flanders | 988 m² | 1 · 237 m² | 11.5 m · 2 |