VHelec
ActiveVHelec has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-16
Solvency74▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.96 in 2024; short-term debt: 27.5% and cash: 20.5% of total assets), but 51.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
48.8%
Return on assets
3.2%
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 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
61 d late
2022
52 d late
2021
46 d early
2020
60 d early
2019
35 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k▼ 85.0%
2024 · €69k
2018: €9k
2019: €4k
2020: €-4k
2021: €141
2022: €54k
2023: €61k
2024: €69k
2018 → 2025
Working capital
€91k▼ 30.4%
2024 · €130k
2018: €3k
2019: €18k
2020: €14k
2021: €11k
2022: €67k
2023: €130k
2024: €130k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€69k▲ 368%€130k▲ 89.0%€200k▲ 53.2%€158k▼ 20.8%
Operating result€590-€81k▲ 13,674%€86k▲ 5.8%€100k▲ 16.6%€21k▼ 79.5%
Net result€141-€54k▲ 38,382%€61k▲ 13.2%€69k▲ 13.0%€10k▼ 85.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324k
Fixed assets
€144k▼ 14.6%
Current assets
€180k▼ 32.2%
Equity and liabilities €324k
Equity
€158k▼ 20.8%
Debt
€166k▼ 29.2%
The debt ratio falls from 54.0% to 51.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €108k
Cash flow
€49k▼
2024 · €77k
Solvency
48.8%▲
2024 · 46.0%
Current ratio
2.02▲
2024 · 1.96
Quick ratio
2.02▲
2024 · 1.96
Debt / equity
1.05▼
2024 · 1.17
ROE
6.6%▼
2024 · 34.7%
ROA
3.2%▼
2024 · 16.0%
Interest coverage
10.28▼
2024 · 42.93
Debt
€166k▼
2024 · €235k
Debt ≤ 1 year
€89k▼
2024 · €135k
Debt > 1 year
€77k▼
2024 · €99k
Income taxes
€4k▼
2024 · €28k
Staff costs
€-262=
2024 · €-262
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€434k€324k▼
Fixed assets21/28€169k€144k▼
Tangible fixed assets22/27€169k€144k▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€155k€119k▼
Other tangible fixed assets26€13k€22k▲
Current assets29/58€265k€180k▼
Amounts receivable within one year40/41€260k€107k▼
Trade receivables40€113k€48k▼
Other amounts receivable41€148k€59k▼
Cash at bank and in hand54/58€5k€66k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€434k€324k▼
Equity10/15€200k€158k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Outside capital11€19k-
Other1109/19€19k-
Reserves13€183k€141k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€181k€139k▼
Profit (loss) carried forward14€-2k€-1k▲
Amounts payable17/49€235k€166k▼
Amounts payable after more than one year17€99k€77k▼
Financial debts170/4€99k€77k▼
Amounts payable within one year42/48€135k€89k▼
Current portion of amounts payable after more than one year42€32k€41k▲
Trade debts44€45k€2k▼
Suppliers440/4€45k€2k▼
Taxes, remuneration and social security45€58k€45k▼
Taxes450/3€58k€45k▼
Other amounts payable47/48-€471
Income statement
Code20242025
Remuneration, social security and pensions62€-262€-262=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€39k▲
Other operating charges640/8€547€496▼
Gross operating margin9900€108k€60k▼
Operating profit (loss)9901€100k€21k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€98k€15k▼
Income taxes67/77€28k€4k▼
Profit (loss) for the period9904€69k€10k▼
Profit (loss) for the period to be appropriated9905€69k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€9k▼
Profit (loss) brought forward from the previous period14P€-2k€-2k▲
Transfer from equity791/2-€52k
Transfer to equity691/2€69k€10k▼
To other reserves6921€69k€10k▼
Profit to be distributed694/7-€52k
Return on contributions (dividend)694-€52k
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €69k ▲13%
Operating result €100k, net result €69k, both a record.
31-12
Financial
Equity above €150kEq €200k ▲53.2%
4 profitable years in a row build equity to €200k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €100kEq €130k ▲89%
3 profitable years in a row build equity to €130k.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 52 days late
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €141
Net result €141 after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-4k ▼196%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.64
Current ratio from 1.18 to 3.64; short-term debt falls from €17k to €7k.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-06
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.
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, Braine-le-Château · 1 establishment unit since 2001
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.
Sentier Sainte-Anne 11440 Braine-le-ChâteauGround area
8,467 m²
Building footprint
1,792 m²
Volume, LiDAR
8,294 m³
2 parcels, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VHelec
since 20012.093.378.873
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0681/00S002 | Wallonia | 8,270 m² | 1 · 1,728 m² | 5.7 m · 2 fl. |
| 25015A0193/00S000 | Wallonia | 197 m² | 1 · 64 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NEW EUROPEAN CARS
BE 0447.491.880
Koekelberg · Eq €158k
ABD COMPANY
BE 0730.765.534
Kontich · Eq €158k
VIP MOTORS
BE 0797.164.410
Charleroi · Eq €158k
AUTO'S LENS
BE 0763.673.080
Boortmeerbeek · Eq €158k
SCHOKKAERT MOBILITY SOLUTIONS
BE 0803.731.607
Ninove · Eq €159k
Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-2001
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.