Equity
€496,316 ▲ 32.8%
Vestel Electrics has made a profit without a break since 2022.
Vestel Electrics
Lifetime
7 annual accounts with figures on one time axispeak €448,995 (2023)
€362,110▲ 54.7%
lowest -€17,712 (2021)
€138,788▲ 143%
peak €496,316 (2025)
€496,316▲ 32.8%
€260,727▲ 9.6%
peak 2 FTE (2020)
-not published
Board1 name since 2021
1 directorDe Vestele Matthias
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €234,053 to €362,110Result from €57,090 to €138,788Equity from €373,831 to €496,316Cash from €77,369 to €164,731
Key points
from the 2025 annual accountsResult
€138,788 ▲ 143%
The result rose in 2025 from €57,090 to €138,788.
Turnover
≈ €810,000 estimated
The micro format states no turnover.
Investments
€67,096 1.7 × depreciation
Green is investment, beige is depreciation.
Filings
7 annual accounts 5 late
The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
€138,788
Higher net result than 95% of companies in specialised construction. Sector median €10,197 · 35,048 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.3 percentage points vs 07-2025
09-2025: 0.2%▼ -0.3 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.5 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.64, cash €164,731
Size: total assets €757,043
Figures for financial year 2025 (filed on 26-08-2026)
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 71% of them on solvency, 72% on liquidity, 78% on profitability and 76% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as Vestel Electrics has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of Vestel Electrics itself: 0.1% within 12 months.
Test of the method
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 6,782 companies, not a prediction for Vestel Electrics. 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.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.64 (4.31 in 2024), above the usual 1.5. Short-term debt is 15.8% and cash 21.8% of total assets. 34.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
21 days late
2024
19 days late
2023
9 days early
2022
27 days early
2021
19 days late
2020
31 days late
2019
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0707803753
Incorporation
published on 08-10-2018 · Gazette deed
First establishment
Scharestraat 41, Oostkamp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vestel Electrics Oostkamp | €757,043 | €362,110 | 65.6% | - |
| FraTech Zwevegem | €751,221 | €355,948 | 61.5% | - |
| NRG-TEC Lichtervelde | €788,577 | €379,116 | 39.8% | 4.6 |
| Elektro Desschans Ingelmunster | €855,306 | €400,736 | 80.0% | 4 |
| KsaKri Mechelen | €654,436 | €371,005 | 40.2% | - |
| DSE Electricity Braine-l'Alleud | €664,655 | €374,200 | 41.1% | - |
| A & B Tech Houthalen-Helchteren | €672,341 | €386,776 | 92.9% | - |
These companies have the same main activity as Vestel Electrics: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €654,000 and €855,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 04-10-2018Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.280.885.0218020 Oostkamp, since 04-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Insights on Vestel Electrics
Vestel Electrics files the micro format. That format states no turnover. The gross margin rose from €56,848 in 2019 to €362,110 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vestel Electrics
- What is the company number of Vestel Electrics?
- The company number of Vestel Electrics is 0707.803.753. The VAT number is the same number with BE in front: BE 0707.803.753.
- Where is Vestel Electrics based?
- The registered office is at Scharestraat 41, 8020 Oostkamp.Company details
- What does Vestel Electrics do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Vestel Electrics?
- Vestel Electrics is a private limited company (pre-2019) (BVBA).
- When was Vestel Electrics founded?
- Vestel Electrics was founded on 04-10-2018.
- Is Vestel Electrics still active?
- Yes, Vestel Electrics is an active enterprise in the KBO register.
- How many employees does Vestel Electrics have?
- Vestel Electrics had an average of 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Vestel Electrics fall under?
- In its 2025 annual accounts, Vestel Electrics states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of Vestel Electrics?
- The turnover in financial year 2025 is ≈ €810,000. This figure is estimated from the gross margin of €362,110 and 34 comparable companies (NACE 43211). It probably lies between €700,000 and €1.0m.
- Is Vestel Electrics profitable?
- In financial year 2025, Vestel Electrics made a profit of €138,788.
- Where can I find the annual accounts of Vestel Electrics?
- Vestel Electrics filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vestel Electrics due?
- Vestel Electrics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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