VG Technics
ActiveSummary
The computed 12-month bankruptcy probability of VG Technics is 2.2% (moderate). The 2025 annual accounts show equity of €127,777 and a net result of €65,636. Its solvency ranks better than 50% of 28051 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency72▼-4
Growth78
Track record82
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.91 against 1.81 in 2024; short-term debt: 49.3% and cash: 86.4% of total assets), but 53.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
46.7%
Return on assets
24%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€127,777▲ 106%
2024 · €62,141
Total assets
€273,613▲ 125%
2024 · €121,343
Net result
€65,636▲ 14.9%
2024 · €57,141
Working capital
€122,940▲ 156%
2024 · €48,026
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€78,816-€91,594▲ 16.2%
Net result€57,141-€65,636▲ 14.9%
Equity€62,141-€127,777▲ 106%
Total assets€121,343-€273,613▲ 125%
Debt€59,202-€145,836▲ 146%
Working capital€48,026-€122,940▲ 156%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,613
Fixed assets
€15,699 ▲ 11.2%
Current assets
€257,914 ▲ 141%
Equity and liabilities €273,613
Equity
€127,777 ▲ 106%
Debt
€145,836 ▲ 146%
Debt's share of the balance-sheet total rises from 48.8% to 53.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€95,574▲
2024 · €80,471
Cash flow
€69,615▲
2024 · €58,796
Current ratio
1.91▲
2024 · 1.81
Quick ratio
1.88▲
2024 · 1.81
Debt to equity
1.14▲
2024 · 0.95
ROE
51.4%▼
2024 · 92.0%
ROA
24.0%▼
2024 · 47.1%
Interest coverage
212.28▼
2024 · 2688.65
Debt ≤ 1 year
€134,975▲
2024 · €59,202
Income taxes
€25,581▲
2024 · €21,646
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,655 | €3,979 | ▲ 140% |
| Other operating charges640/8 | €650 | €665 | ▲ 2.4% |
| Gross operating margin9900 | €81,121 | €96,239 | ▲ 18.6% |
| Operating profit (loss)9901 | €78,816 | €91,594 | ▲ 16.2% |
| Financial income75/76B | €0 | €73 | ▲ 14,722% |
| Recurring financial income75 | €0 | €73 | ▲ 14,722% |
| Financial charges65/66B | €30 | €450 | ▲ 1,404% |
| Recurring financial charges65 | €30 | €450 | ▲ 1,404% |
| Profit (loss) for the period before taxes9903 | €78,787 | €91,217 | ▲ 15.8% |
| Income taxes67/77 | €21,646 | €25,581 | ▲ 18.2% |
| Profit (loss) for the period9904 | €57,141 | €65,636 | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €57,141 | €65,636 | ▲ 14.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €121,343 | €273,613 | ▲ 125% |
| Fixed assets21/28 | €14,115 | €15,699 | ▲ 11.2% |
| Tangible fixed assets22/27 | €14,115 | €15,699 | ▲ 11.2% |
| Plant, machinery and equipment23 | €83 | €4,944 | ▲ 5,833% |
| Furniture and vehicles24 | €14,032 | €10,755 | ▼ 23.4% |
| Current assets29/58 | €107,228 | €257,914 | ▲ 141% |
| Stocks and contracts in progress3 | - | €3,590 | - |
| Stocks30/36 | - | €3,590 | - |
| Amounts receivable within one year40/41 | €8,516 | €15,567 | ▲ 82.8% |
| Trade receivables40 | €7,166 | €15,567 | ▲ 117% |
| Other amounts receivable41 | €1,351 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €95,939 | €236,501 | ▲ 147% |
| Deferred charges and accrued income490/1 | €2,772 | €2,257 | ▼ 18.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €121,343 | €273,613 | ▲ 125% |
| Equity10/15 | €62,141 | €127,777 | ▲ 106% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €57,141 | €122,777 | ▲ 115% |
| Distributable reserves133 | €57,141 | €122,777 | ▲ 115% |
| Amounts payable17/49 | €59,202 | €145,836 | ▲ 146% |
| Amounts payable within one year42/48 | €59,202 | €134,975 | ▲ 128% |
| Trade debts44 | €31,896 | €92,031 | ▲ 189% |
| Suppliers440/4 | €31,896 | €92,031 | ▲ 189% |
| Advances received on contracts in progress46 | - | €10,852 | - |
| Taxes, remuneration and social security45 | €21,646 | €28,700 | ▲ 32.6% |
| Taxes450/3 | €21,646 | €28,700 | ▲ 32.6% |
| Other amounts payable47/48 | €5,660 | €3,391 | ▼ 40.1% |
| Accrued charges and deferred income492/3 | - | €10,861 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €57,141 | €65,636 | ▲ 14.9% |
| + Depreciation and write-downs630 | €1,655 | €3,979 | ▲ 140% |
| Operating cash flow (approximation) | €58,796 | €69,615 | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | -€5,563 | - |
| Change in cash | - | €140,561 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €127,777 ▲106%
2 profitable years in a row build equity to €127,777.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Tienen · 1 establishment unit since 2024
Ground area
576 m²
Building footprint
238 m²
Volume, LiDAR
298 m³
Parcel 24102B0350/00V003, Flanders · tallest building 5.6 m. Linked by address, not a title deed.
1 establishment unit
VG Technics
since 20242.361.603.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24102B0350/00V003 | Flanders | 576 m² | 1 · 238 m² | 5.6 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 831 EUR awarded · 831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 831 EUR | 831 EUR |
Similar companies · same sector, comparable size
ELECTRO I & S
BE 0475.696.611
Antwerpen · Eq €127,774
NBN ELEC
BE 0718.840.274
Oupeye · Eq €127,800
QONTRAST 2.0
BE 0795.121.965
Lokeren · Eq €127,808
My Electro
BE 0546.795.730
Erpe-Mere · Eq €127,828
Elektro Eagle
BE 0797.671.580
Herentals · Eq €127,665
Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,724 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.