VGK TECHNICS
ActiveSummary
VGK TECHNICS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,720 and a net result of €36,247. Equity is growing by ~56.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency100▲+35
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 8.21 against 1.57 in 2024; short-term debt: 11.2% and cash: 35.7% of total assets), and 11.5% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
88.5%
Return on assets
24.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
8 d early
2023
1 d early
2022
26 d early
2021
32 d early
2020
2 d early
2019
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 22 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€128,720▲ 20.8%
2024 · €106,572
Total assets
€145,396▼ 44.8%
2024 · €263,234
Net result
€36,247▼ 14.1%
2024 · €42,177
Working capital
€117,408▲ 32.5%
2024 · €88,637
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,979-€54▲ 99.8%€61,802€63,662▲ 3.0%€53,979▼ 15.2%
Net result-€22,244below the sector's middle half€43below the sector's middle half€50,340above the sector's middle half▲ 117,986%€42,177above the sector's middle half▼ 16.2%€36,247above the sector's middle half▼ 14.1%
Equity€14,013below the sector's middle half▼ 61.4%€14,055below the sector's middle half▲ 0.3%€64,395within the sector's middle half▲ 358%€106,572within the sector's middle half▲ 65.5%€128,720within the sector's middle half▲ 20.8%
Total assets€116,681within the sector's middle half▲ 19.5%€121,229within the sector's middle half▲ 3.9%€197,772within the sector's middle half▲ 63.1%€263,234within the sector's middle half▲ 33.1%€145,396within the sector's middle half▼ 44.8%
Debt€102,668▲ 67.3%€107,174▲ 4.4%€133,377▲ 24.4%€156,661▲ 17.5%€16,676▼ 89.4%
Working capital-€38,014below the sector's middle half-€23,444below the sector's middle half▲ 38.3%€34,134within the sector's middle half€88,637within the sector's middle half▲ 160%€117,408above the sector's middle half▲ 32.5%
Solvency12.0%below the sector's middle half▼ 25.1pp11.6%below the sector's middle half▼ 0.4pp32.6%within the sector's middle half▲ 21.0pp40.5%within the sector's middle half▲ 7.9pp88.5%above the sector's middle half▲ 48.0pp
Current ratio0.63below the sector's middle half▼ 0.440.78below the sector's middle half▲ 0.151.26within the sector's middle half▲ 0.481.57within the sector's middle half▲ 0.318.21above the sector's middle half▲ 6.65
Return on assets (ROA)-19.1%below the sector's middle half▼ 33.6pp0.0%below the sector's middle half▲ 19.1pp25.5%above the sector's middle half▲ 25.4pp16.0%within the sector's middle half▼ 9.4pp24.9%above the sector's middle half▲ 8.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145,396
Fixed assets
€11,711 ▼ 36.1%
Current assets
€133,685 ▼ 45.4%
Equity and liabilities €145,396
Equity
€128,720 ▲ 20.8%
Debt
€16,676 ▼ 89.4%
Debt's share of the balance-sheet total falls from 59.5% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,462▼
2024 · €75,272
Cash flow
€48,731▼
2024 · €53,787
Quick ratio
8.00▲
2024 · 1.55
Debt to equity
0.13▼
2024 · 1.47
ROE
28.2%▼
2024 · 39.6%
Interest coverage
320.82▼
2024 · 515.77
Debt ≤ 1 year
€16,277▼
2024 · €156,262
Income taxes
€18,593▼
2024 · €22,006
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,295 | €14,527 | €10,618 | €11,610 | €12,483 | ▲ 7.5% |
| Other operating charges640/8 | - | €1,359 | €1,106 | €1,446 | €893 | ▼ 38.2% |
| Gross operating margin9900 | -€8,539 | €15,832 | €73,526 | €76,718 | €67,355 | ▼ 12.2% |
| Operating profit (loss)9901 | -€25,979 | -€54 | €61,802 | €63,662 | €53,979 | ▼ 15.2% |
| Financial income75/76B | - | €339 | €21 | €667 | €1,069 | ▲ 60.3% |
| Recurring financial income75 | €754 | €339 | €21 | €667 | €1,069 | ▲ 60.3% |
| Financial charges65/66B | - | €97 | €123 | €146 | €207 | ▲ 41.9% |
| Recurring financial charges65 | €70 | €97 | €123 | €146 | €207 | ▲ 41.9% |
| Profit (loss) for the period before taxes9903 | -€22,114 | €189 | €61,700 | €64,183 | €54,840 | ▼ 14.6% |
| Income taxes67/77 | €130 | €146 | €11,360 | €22,006 | €18,593 | ▼ 15.5% |
| Profit (loss) for the period9904 | -€22,244 | €43 | €50,340 | €42,177 | €36,247 | ▼ 14.1% |
| Profit (loss) for the period to be appropriated9905 | -€22,244 | €43 | €50,340 | €42,177 | €36,247 | ▼ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,681 | €121,229 | €197,772 | €263,234 | €145,396 | ▼ 44.8% |
| Fixed assets21/28 | €52,374 | €37,847 | €30,645 | €18,335 | €11,711 | ▼ 36.1% |
| Tangible fixed assets22/27 | €51,674 | €37,147 | €29,945 | €18,335 | €11,711 | ▼ 36.1% |
| Land and buildings22 | - | €15,296 | €11,946 | €8,596 | €5,246 | ▼ 39.0% |
| Plant, machinery and equipment23 | - | - | - | - | €1,266 | - |
| Furniture and vehicles24 | - | €21,851 | €17,999 | €9,740 | €5,200 | ▼ 46.6% |
| Financial fixed assets28 | €700 | €700 | €700 | - | - | - |
| Current assets29/58 | €64,307 | €83,382 | €167,126 | €244,898 | €133,685 | ▼ 45.4% |
| Stocks and contracts in progress3 | €10,800 | €7,440 | €7,040 | €3,450 | €3,450 | = |
| Stocks30/36 | - | €7,440 | €7,040 | €3,450 | €3,450 | = |
| Amounts receivable within one year40/41 | €12,874 | €6,382 | €15,585 | €17,273 | €77,884 | ▲ 351% |
| Trade receivables40 | - | €2,363 | €15,472 | €17,273 | €2,412 | ▼ 86.0% |
| Other amounts receivable41 | - | €4,018 | €114 | - | €75,472 | - |
| Cash at bank and in hand54/58 | €39,764 | €68,731 | €143,629 | €224,175 | €51,912 | ▼ 76.8% |
| Deferred charges and accrued income490/1 | - | €829 | €872 | - | €439 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,681 | €121,229 | €197,772 | €263,234 | €145,396 | ▼ 44.8% |
| Equity10/15 | €14,013 | €14,055 | €64,395 | €106,572 | €128,720 | ▲ 20.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €16,100 | €16,100 | €41,100 | €81,100 | €103,000 | ▲ 27.0% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €14,100 | €39,100 | €79,100 | €101,000 | ▲ 27.7% |
| Profit (loss) carried forward14 | -€22,087 | -€22,045 | €3,295 | €5,472 | €5,720 | ▲ 4.5% |
| Amounts payable17/49 | €102,668 | €107,174 | €133,377 | €156,661 | €16,676 | ▼ 89.4% |
| Amounts payable within one year42/48 | €102,321 | €106,826 | €132,992 | €156,262 | €16,277 | ▼ 89.6% |
| Trade debts44 | €14,740 | €1,437 | €1,842 | €3,027 | €2,177 | ▼ 28.1% |
| Suppliers440/4 | - | €1,437 | €1,842 | €3,027 | €2,177 | ▼ 28.1% |
| Taxes, remuneration and social security45 | - | €4,651 | €10,580 | €14,769 | €0 | ▼ 100% |
| Taxes450/3 | - | €4,651 | €10,580 | €14,769 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €100,738 | €120,570 | €138,466 | €14,100 | ▼ 89.8% |
| Accrued charges and deferred income492/3 | - | €348 | €384 | €400 | €400 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,244 | €43 | €50,340 | €42,177 | €36,247 | ▼ 14.1% |
| + Depreciation and write-downs630 | €15,295 | €14,527 | €10,618 | €11,610 | €12,483 | ▲ 7.5% |
| Operating cash flow (approximation) | -€6,949 | €14,570 | €60,958 | €53,787 | €48,731 | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | €0 | -€3,416 | €700 | -€5,859 | ▼ 937% |
| Change in cash | - | €28,967 | €74,898 | €80,546 | -€172,263 | ▼ 314% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 5current ratio 8.21
Current ratio from 1.57 to 8.21; short-term debt falls from €156,262 to €16,277.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €100,000Eq €106,572 ▲65.5%
3 profitable years in a row build equity to €106,572.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €50,340 ▲117,986%
Net result €50,340, the highest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €43
Net result €43 after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€22,244
Net result drops to -€22,244, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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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, Herve · 1 establishment unit since 2008
Ground area
1,087 m²
Building footprint
129 m²
Volume, LiDAR
781 m³
Parcel 63006D0820/00C000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VGK TECHNICS
since 20082.169.480.323
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0820/00C000 | Wallonia | 1,087 m² | 1 · 129 m² | 8.0 m · 2 fl. |
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.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,720 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 (pre-2019)
Founded03-03-2008
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896137864
Registered
01-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.