Turnover
The micro format states no turnover.
The micro format states no turnover.
Less equity than 85% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46% of them on solvency, 69% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 11,279 companies had the same profile as VERTICAL TECH has now. Each dot stands for 29 companies, two years later.
That fits the bankruptcy probability of VERTICAL TECH itself: 0.8% within 12 months.
The method was tested on the 497,447 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 11,279 companies, not a prediction for VERTICAL TECH. 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.
Liquidity is ample, with a current ratio of 1.88, above the usual 1.5. Short-term debt is 38.9% and cash 31.1% of total assets. However, 57.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| VERTICAL TECH Grimbergen | - | - | 42.7% | - |
| Bams Solutions Jette | - | - | 44.8% | - |
| HABITASK Flobecq | - | - | 34.9% | - |
| PROMAX SOLUTION Kraainem | €25,354 | 35.4% | 35.1% | - |
| BATIMAR RENOVATION Sint-Genesius-Rode | €71,358 | 8.9% | 60.0% | - |
| RAM RENOVA ALTURA Zaventem | - | - | 61.6% | - |
| Châssis Kampenhout Kampenhout | - | - | 10.3% | - |
These companies have the same main activity as VERTICAL TECH: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €14,200 and €21,600, founded between 2024 and 2025.
VERTICAL TECH has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,819 and a net result of €6,652.
Its solvency ranks better than 45% of 35,125 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €70,000 and €250,000.
Higher than 45% of 35,125 companies in 2025.
Higher than 52% of 34,499 companies in 2025.
Higher than 90% of 34,700 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
18,317 | |
21/28 |
4,928 | |
22/27 |
4,928 | |
24 |
4,928 | |
29/58 |
13,390 | |
40/41 |
7,297 | |
40 |
4,199 | |
41 |
3,098 | |
54/58 |
5,689 | |
490/1 |
404 | |
| Balance sheet: equity and liabilities | ||
10/49 |
18,317 | |
10/15 |
7,819 | |
10/11 |
2,000 | |
14 |
5,819 | |
17/49 |
10,498 | |
17 |
3,380 | |
170/4 |
3,380 | |
42/48 |
7,118 | |
44 |
4,124 | |
440/4 |
4,124 | |
45 |
2,162 | |
450/3 |
2,162 | |
47/48 |
833 | |
| Income statement | ||
9900 |
9,768 | |
630 |
787 | |
9901 |
8,981 | |
75/76B |
87 | |
75 |
87 | |
65/66B |
352 | |
65 |
352 | |
9903 |
8,717 | |
67/77 |
2,064 | |
9904 |
6,652 | |
9905 |
6,652 | |
| Appropriation of the result | ||
9906 |
6,652 | |
694/7 |
833 | |
694 |
833 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00267860 |
| Line | Trend | 2025 |
|---|---|---|
| 9,768 | ||
| 7,440 | ||
| 5,715 | ||
| 6,271 | ||
| 42.7% | ||
| 1.88 | ||
| 1.34 | ||
| 85.1% | ||
| 36.3% | ||
| 27.78 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €5,715 |
| €787 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 57.3%.
VERTICAL TECH has no parent and no holdings in its annual accounts. VANGOETHEM Pierrot is the only director. VERTICAL TECH shares no director with another company.
| MT BOUW
registered office since 01-10-2021 · founded in 2021 · accounts filed late |
7 FTE (2024) 0774.891.923 |
| HAKY
registered office since 03-02-2006 · founded in 2006 |
total assets €577,088 (2025) 0879.267.683 |
| SALOUM & CO
registered office since 12-05-2017 · founded in 2017 · accounts filed late |
total assets €380,380 (2024) 0675.663.101 |
| D'M RENOVE
registered office since 25-11-2021 · founded in 2021 · accounts filed late |
total assets €284,880 (2024) 0777.725.907 |
| Tio Construct
registered office since 30-09-2021 · founded in 2021 · accounts filed late |
total assets €201,883 (2024) 0774.811.155 |
| D’MB SOLAR
registered office since 07-07-2023 · founded in 2023 · accounts filed late |
total assets €144,395 (2024) 0803.744.374 |
| AZ 4 CLEAN
registered office since 05-02-2015 · founded in 2015 · negative equity (2023) · accounts filed late |
total assets €132,055 (2023) 0597.728.252 |
| LF GROUP
registered office since 25-05-2021 · founded in 2021 |
total assets €119,530 (2025) 0768.716.189 |
| MOGADIS
registered office since 25-01-2011 · founded in 2011 |
turnover €97,602 (2025) 0833.147.648 |
| Zuid-West AD
registered office since 06-02-2014 · founded in 2014 |
total assets €95,459 (2025) 0545.907.684 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Romeinsesteenweg 464 registered office 1853 Grimbergen | ||
| Borduurdersstraat 7 1000 Brussels | 20-02-2025 | 2.370.601.608 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0514/00N002 | Flanders | 901 m² | 1 · 246 m² | 15.9 m · 4 |
| 21809K0753/00E002 | Brussels | 149 m² | - | - |
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 1020.157.611
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