Vision Engineering
ActiveSummary
Vision Engineering has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,831 and a net result of €14,682. Equity has been growing by about 16% per year since 2022. Its solvency ranks better than 82% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-06-2021 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121
- Establishment unit
- 2.318.210.621 8710 Wielsbeke, since 14-06-2021
- Financial year end
- 30 June
- Peppol
- Reachable
Board and ownership
- BRAMASER BV BVDirector
- BTL INVEST BV BVDirector
- SOLID DESIGN AND ENGINEERING BV BVDirector
- BTL Invest60%30-06-2025 annual accounts of BTL Invest
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €20,141
- ▼ 11.5%
- Turnover
- ≈ €100,000
- estimated
- Profit
- €14,682
- ▼ 13.3%
- Equity
- €146,831
- ▲ 11.1%
- Total assets
- €190,062
- ▲ 6.5%
Score breakdownlowers riskLiquidity: current ratio 5.09, cash €137,663Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Equity €146,831 (77.3% of total assets)Size: total assets €190,062Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 87% on liquidity, 23% on profitability and 58% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 58 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 03-12-2025 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 13% lower than in 2024 and the lowest since 2022. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Subsidies and aid
Flemish government
2025 · 1 entry · €1,944 awarded · €1,944 paid| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €112 | €115 | €513 | ▲ 346% |
| Gross operating margin9900 | €74,709 | €52,786 | €22,753 | €20,141 | ▼ 11.5% |
| Operating profit (loss)9901 | €74,709 | €52,674 | €22,638 | €19,628 | ▼ 13.3% |
| Financial income75/76B | - | - | - | €33 | - |
| Recurring financial income75 | - | - | - | €33 | - |
| Financial charges65/66B | - | €63 | €63 | €41 | ▼ 35.3% |
| Recurring financial charges65 | - | €63 | €63 | €41 | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €74,709 | €52,610 | €22,574 | €19,619 | ▼ 13.1% |
| Income taxes67/77 | €18,948 | €13,153 | €5,644 | €4,938 | ▼ 12.5% |
| Profit (loss) for the period9904 | €55,761 | €39,458 | €16,931 | €14,682 | ▼ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €55,761 | €39,458 | €16,931 | €14,682 | ▼ 13.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €105,887 | €176,197 | €178,527 | €190,062 | ▲ 6.5% |
| Current assets29/58 | €105,887 | €176,197 | €178,527 | €190,062 | ▲ 6.5% |
| Stocks and contracts in progress3 | €7,375 | €16,328 | €15,439 | €15,020 | ▼ 2.7% |
| Stocks30/36 | €7,375 | €16,328 | €15,439 | €15,020 | ▼ 2.7% |
| Amounts receivable within one year40/41 | €62,536 | €52,577 | €24,795 | €30,239 | ▲ 22.0% |
| Trade receivables40 | €59,263 | €41,813 | €21,235 | €22,384 | ▲ 5.4% |
| Other amounts receivable41 | €3,273 | €10,765 | €3,560 | €7,855 | ▲ 121% |
| Cash at bank and in hand54/58 | €30,043 | €100,606 | €131,159 | €137,663 | ▲ 5.0% |
| Deferred charges and accrued income490/1 | €5,934 | €6,685 | €7,134 | €7,140 | ▲ 0.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €105,887 | €176,197 | €178,527 | €190,062 | ▲ 6.5% |
| Equity10/15 | €75,761 | €115,219 | €132,150 | €146,831 | ▲ 11.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €55,761 | €95,219 | €112,150 | €126,831 | ▲ 13.1% |
| Distributable reserves133 | €55,761 | €95,219 | €112,150 | €126,831 | ▲ 13.1% |
| Amounts payable17/49 | €30,126 | €60,978 | €46,377 | €43,231 | ▼ 6.8% |
| Amounts payable within one year42/48 | €30,126 | €60,978 | €46,377 | €37,363 | ▼ 19.4% |
| Trade debts44 | €30,126 | €60,978 | €46,377 | €37,363 | ▼ 19.4% |
| Suppliers440/4 | €30,126 | €60,978 | €46,377 | €37,363 | ▼ 19.4% |
| Accrued charges and deferred income492/3 | - | - | - | €5,868 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,761 | €39,458 | €16,931 | €14,682 | ▼ 13.3% |
| Operating cash flow (approximation) | €55,761 | €39,458 | €16,931 | €14,682 | ▼ 13.3% |
| Change in cash | - | €70,564 | €30,553 | €6,504 | ▼ 78.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Vision Engineering has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Vision Engineering itself is lower: < 0.1% within 12 months. It rests on far more data about Vision Engineering than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Vision Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- VANDENA
- BTL Invest
- Vision Engineering
Owners 1
- BTL InvestparentEquity €2.6m Profit of €65,636 in 2025 (profit of €35,358 in 2024)60%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRAMASER BV BV |
|
| BTL INVEST BV BV |
|
| SOLID DESIGN AND ENGINEERING BV BV |
|
Network & group
Companies at the same address
5 other companiesConnections & network
3 current directorsThe network starts from the directors of Vision Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37017B0287/00D000 | Flanders | 4,597 m² | 1 · 75 m² | 7.6 m · 2 |