VFE
ActiveVFE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €605k and a net result of €162k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 12.25 against 6.79 in 2024), and 7.8% 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 · 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
92.2%
Return on assets
24.7%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
29 d late
2022
28 d late
2021
25 d late
2020
31 d late
2019
90 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€605k▼ 1.1%
2024 · €611k
2019: €279k
2020: €329k
2021: €370k
2022: €407k
2023: €470k
2024: €611k
2019 → 2025
Total assets
€656k▼ 7.2%
2024 · €706k
2019: €340k
2020: €368k
2021: €423k
2022: €528k
2023: €634k
2024: €706k
2019 → 2025
Net result
€162k▲ 14.7%
2024 · €141k
2019: €35k
2020: €50k
2021: €83k
2022: €83k
2023: €141k
2024: €141k
2019 → 2025
Working capital
€574k▲ 4.1%
2024 · €551k
2019: €198k
2020: €238k
2021: €306k
2022: €349k
2023: €381k
2024: €551k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€370k-€407k▲ 10.0%€470k▲ 15.4%€611k▲ 30.1%€605k▼ 1.1%
Operating result€123k-€124k▲ 0.4%€200k▲ 61.7%€201k▲ 0.4%€224k▲ 11.3%
Net result€83k-€83k▼ 0.1%€141k▲ 69.6%€141k▲ 0.1%€162k▲ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €656k
Fixed assets
€31k▼ 48.2%
Current assets
€624k▼ 3.3%
Equity and liabilities €656k
Equity
€605k▼ 1.1%
Debt
€51k▼ 46.4%
The debt ratio falls from 13.5% to 7.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€235k▲
2024 · €218k
Cash flow
€173k▲
2024 · €159k
Solvency
92.2%▲
2024 · 86.5%
Current ratio
12.25▲
2024 · 6.79
Quick ratio
12.01▲
2024 · 6.65
Debt / equity
0.08▼
2024 · 0.16
ROE
26.8%▲
2024 · 23.1%
ROA
24.7%▲
2024 · 20.0%
Interest coverage
3980.57▲
2024 · 406.00
Debt
€51k▼
2024 · €95k
Debt ≤ 1 year
€51k▼
2024 · €95k
Income taxes
€64k▲
2024 · €61k
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€706k€656k▼
Fixed assets21/28€60k€31k▼
Tangible fixed assets22/27€60k€31k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€56k€28k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€7€7=
Current assets29/58€646k€624k▼
Stocks and contracts in progress3€13k€12k▼
Stocks30/36€13k€12k▼
Amounts receivable within one year40/41€68k€66k▼
Trade receivables40€68k€65k▼
Other amounts receivable41-€822
Cash at bank and in hand54/58€559k€542k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€706k€656k▼
Equity10/15€611k€605k▼
Contributions10/11€19k€19k=
Reserves13€593k€586k▼
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€592k€586k▼
Amounts payable17/49€95k€51k▼
Amounts payable within one year42/48€95k€51k▼
Trade debts44€21k€10k▼
Suppliers440/4€21k€10k▼
Advances received on contracts in progress46€937€614▼
Taxes, remuneration and social security45€67k€33k▼
Taxes450/3€65k€32k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€7k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€8k-
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€11k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€222k€239k▲
Operating profit (loss)9901€201k€224k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€538€59▼
Recurring financial charges65€538€59▼
Profit (loss) for the period before taxes9903€202k€226k▲
Income taxes67/77€61k€64k▲
Profit (loss) for the period9904€141k€162k▲
Profit (loss) for the period to be appropriated9905€141k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€141k€162k▲
Transfer from equity791/2-€168k
Transfer to equity691/2€141k€162k▲
To other reserves6921€141k€162k▲
Profit to be distributed694/7-€168k
Return on contributions (dividend)694-€168k
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €162k ▲14.7%
Operating result €224k, net result €162k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.79
Current ratio from 3.32 to 6.79; short-term debt falls from €164k to €95k.
31-12
Financial
Equity above €500kEq €611k ▲30.1%
6 profitable years in a row build equity to €611k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Lebbeke · 1 establishment unit since 2011
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.
Brusselsesteenweg 2229280 LebbekeGround area
1,134 m²
Building footprint
190 m²
Volume, LiDAR
806 m³
Parcel 42322C0023/00K000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VFE
since 20112.200.363.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0023/00K000 | Flanders | 1,133 m² | 1 · 190 m² | 7.7 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.
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ATAUM
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 5,969 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:frank.verhulst@scarlet.be
Phone:0486 277 239