Vestel Electrics
ActiveThe computed 12-month bankruptcy probability of Vestel Electrics is 1.6% (moderate). The 2025 annual accounts show equity of €496k and a net result of €139k. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 27619 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+12
Solvency91▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.64 against 4.31 in 2024; short-term debt: 15.8% and cash: 21.8% of total assets), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
18.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filingsDeviation from the deadline
2025
21 d late
2024
19 d late
2023
9 d early
2022
27 d early
2021
19 d late
2020
31 d late
2019
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€496k▲ 32.8%
2024 · €374k
2019: €30k
2020: €140k
2021: €122k
2022: €191k
2023: €317k
2024: €374k
2019 → 2025
Total assets
€757k▲ 23.8%
2024 · €612k
2019: €166k
2020: €302k
2021: €455k
2022: €502k
2023: €720k
2024: €612k
2019 → 2025
Net result
€139k▲ 143%
2024 · €57k
2019: €18k
2020: €110k
2021: €-18k
2022: €68k
2023: €186k
2024: €57k
2019 → 2025
Working capital
€315k▲ 29.4%
2024 · €243k
2019: €308
2020: €117k
2021: €33k
2022: €68k
2023: €174k
2024: €243k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€191k▲ 55.8%€317k▲ 66.0%€374k▲ 18.0%€496k▲ 32.8%
Operating result€-16k-€87k€268k▲ 207%€90k▼ 66.5%€202k▲ 125%
Net result€-18k-€68k€186k▲ 172%€57k▼ 69.3%€139k▲ 143%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 125% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757k
Fixed assets
€323k▲ 9.5%
Current assets
€434k▲ 37.0%
Equity and liabilities €757k
Equity
€496k▲ 32.8%
Debt
€261k▲ 9.6%
The debt ratio falls from 38.9% to 34.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€241k▲
2024 · €129k
Cash flow
€178k▲
2024 · €96k
Solvency
65.6%▲
2024 · 61.1%
Current ratio
3.64▼
2024 · 4.31
Quick ratio
3.36▼
2024 · 3.76
Debt / equity
0.53▼
2024 · 0.64
ROE
28.0%▲
2024 · 15.3%
ROA
18.3%▲
2024 · 9.3%
Interest coverage
39.70▲
2024 · 37.96
Debt
€261k▲
2024 · €238k
Debt ≤ 1 year
€119k▲
2024 · €74k
Debt > 1 year
€139k▼
2024 · €162k
Income taxes
€66k▲
2024 · €36k
Staff costs
€118k▲
2024 · €103k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€612k€757k▲
Fixed assets21/28€295k€323k▲
Intangible fixed assets21€0€0▼
Tangible fixed assets22/27€295k€323k▲
Land and buildings22€255k€238k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€38k€84k▲
Current assets29/58€317k€434k▲
Amounts receivable after more than one year29€130k€130k=
Other amounts receivable291€130k€130k=
Stocks and contracts in progress3€41k€34k▼
Stocks30/36€41k€34k▼
Amounts receivable within one year40/41€69k€106k▲
Trade receivables40€19k€86k▲
Other amounts receivable41€51k€20k▼
Current investments50/53€0-
Cash at bank and in hand54/58€77k€165k▲
Equity and liabilities
Total equity and liabilities10/49€612k€757k▲
Equity10/15€374k€496k▲
Contributions10/11€12k€12k=
Reserves13€379k€502k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€378k€500k▲
Profit (loss) carried forward14€-18k€-18k=
Amounts payable17/49€238k€261k▲
Amounts payable after more than one year17€162k€139k▼
Financial debts170/4€162k€139k▼
Amounts payable within one year42/48€74k€119k▲
Current portion of amounts payable after more than one year42€27k€23k▼
Trade debts44€18k€62k▲
Suppliers440/4€18k€62k▲
Taxes, remuneration and social security45€28k€33k▲
Taxes450/3€19k€16k▼
Remuneration and social security454/9€10k€16k▲
Other amounts payable47/48€0€1k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€103k€118k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€234k€362k▲
Operating profit (loss)9901€90k€202k▲
Financial income75/76B€6k€9k▲
Recurring financial income75€6k€9k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€93k€205k▲
Income taxes67/77€36k€66k▲
Profit (loss) for the period9904€57k€139k▲
Profit (loss) for the period to be appropriated9905€57k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€121k▲
Profit (loss) brought forward from the previous period14P€-18k€-18k=
Transfer to equity691/2€57k€139k▲
To the legal reserve6920€57k€139k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.31
Current ratio from 1.82 to 4.31; short-term debt falls from €212k to €74k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €186k ▲172%
Operating result €268k, net result €186k, both a record.
31-12
Financial
Equity above €200kEq €317k ▲66%
2 profitable years in a row build equity to €317k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-12
Financial
Equity above €150kEq €191k ▲55.8%
Equity rises from €122k to €191k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Weakest financial yearnet €-18k ▼116%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.09
Current ratio from 1.00 to 2.09; short-term debt falls from €110k to €107k.
31-12
Financial
Equity above €100kEq €140k ▲368%
2 profitable years in a row build equity to €140k.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostkamp · 1 establishment unit since 2018
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.
Scharestraat 418020 OostkampGround area
2,014 m²
Building footprint
197 m²
Volume, LiDAR
541 m³
Parcel 31009A0361/00H000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vestel Electrics
since 20182.280.885.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31009A0361/00H000 | Flanders | 2,014 m² | 1 · 197 m² | 6.3 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.
Similar companies · same sector, comparable size
ELEKTRO VAN DE VELDE DAVID
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PROMOTION ET GESTION D' ENTREPRISES DE CONSTRUCTION, D' ALARME ET DE DOMOTIQUE
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 6,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-10-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.