VGT TECHNICS
ActiveThe computed 12-month bankruptcy probability of VGT TECHNICS is 1.8% (moderate). The 2025 annual accounts show equity of €219k and a net result of €31. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 27676 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+10
Solvency77▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.88 in 2024; short-term debt: 48% of total assets), and 48% 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
52%
Return on assets
0%
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 14-09-2026, 45 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 · 6 filingsDeviation from the deadline
2025
45 d late
2024
50 d late
2023
50 d late
2022
39 d early
2021
52 d late
2020
30 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€219k▼ 6.7%
2024 · €235k
2020: €110k
2021: €129k
2022: €209k
2023: €422k
2024: €235k
2020 → 2025
Total assets
€422k▼ 5.0%
2024 · €444k
2020: €183k
2021: €298k
2022: €351k
2023: €608k
2024: €444k
2020 → 2025
Net result
€31
2024 · €-34k
2020: €107k
2021: €70k
2022: €80k
2023: €214k
2024: €-34k
2020 → 2025
Working capital
€194k▲ 5.4%
2024 · €184k
2020: €105k
2021: €95k
2022: €176k
2023: €386k
2024: €184k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€209k▲ 62.3%€422k▲ 102%€235k▼ 44.4%€219k▼ 6.7%
Operating result€96k-€104k▲ 7.9%€282k▲ 171%€-36k€-9k▲ 74.4%
Net result€70k-€80k▲ 14.1%€214k▲ 167%€-34k€31
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €36k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422k
Fixed assets
€25k▼ 50.1%
Current assets
€396k▲ 0.8%
Equity and liabilities €422k
Equity
€219k▼ 6.7%
Debt
€202k▼ 3.2%
The debt ratio rises from 47.1% to 48.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€146▲
2024 · €-28k
Cash flow
€9k▲
2024 · €-25k
Solvency
52.0%▼
2024 · 52.9%
Current ratio
1.96▲
2024 · 1.88
Quick ratio
1.33▲
2024 · 1.16
Debt / equity
0.92▲
2024 · 0.89
ROE
0.0%▲
2024 · -14.3%
ROA
0.0%▲
2024 · -7.6%
Interest coverage
0.02▲
2024 · -23.96
Debt
€202k▼
2024 · €209k
Debt ≤ 1 year
€202k▼
2024 · €209k
Income taxes
€-229▼
2024 · €193
Staff costs
€173k▲
2024 · €159k
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€444k€422k▼
Fixed assets21/28€51k€25k▼
Tangible fixed assets22/27€51k€25k▼
Land and buildings22€12k€10k▼
Plant, machinery and equipment23€19k€2k▼
Furniture and vehicles24€21k€14k▼
Current assets29/58€393k€396k▲
Stocks and contracts in progress3€150k€127k▼
Stocks30/36€150k€127k▼
Amounts receivable within one year40/41€188k€269k▲
Trade receivables40€115k€187k▲
Other amounts receivable41€73k€82k▲
Cash at bank and in hand54/58€55k-
Equity and liabilities
Total equity and liabilities10/49€444k€422k▼
Equity10/15€235k€219k▼
Contributions10/11€3k€3k=
Reserves13€232k€216k▼
Distributable reserves133€232k€216k▼
Amounts payable17/49€209k€202k▼
Amounts payable within one year42/48€209k€202k▼
Financial debts43-€36k
Credit institutions430/8-€36k
Trade debts44€111k€140k▲
Suppliers440/4€111k€140k▲
Taxes, remuneration and social security45€98k€26k▼
Taxes450/3€79k€3k▼
Remuneration and social security454/9€19k€24k▲
Income statement
Code20242025
Remuneration, social security and pensions62€159k€173k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€2k€13k▲
Non-recurring operating charges66A€215€1k▲
Gross operating margin9900€133k€188k▲
Operating profit (loss)9901€-36k€-9k▲
Financial income75/76B€4k€16k▲
Recurring financial income75€4k€16k▲
Financial charges65/66B€1k€7k▲
Recurring financial charges65€1k€7k▲
Profit (loss) for the period before taxes9903€-33k€-198▲
Income taxes67/77€193€-229▼
Profit (loss) for the period9904€-34k€31▲
Profit (loss) for the period to be appropriated9905€-34k€31▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€31▲
Transfer from equity791/2€34k-
Transfer to equity691/2-€31
To the legal reserve6920-€31
The notes to these accounts (5 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Back to profitnet €31
Net result €31 after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Weakest financial yearnet €-34k ▼116%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Highest result since 2020net €214k ▲167%
Operating result €282k, net result €214k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €209k ▲62.3%
3 profitable years in a row build equity to €209k.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 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, Pelt · 1 establishment unit since 2020
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.
Lindelsebaan 693900 PeltGround area
938 m²
Building footprint
157 m²
Volume, LiDAR
1 m³
Parcel 72502D0215/00T000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
VGT TECHNICS -LiMaGifts
since 20202.297.984.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502D0215/00T000 | Flanders | 938 m² | 1 · 157 m² | 0.2 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
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TRANS-9
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DUDE COMPANY
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,743 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2020
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.