VL ELEC
ActiveSummary
The computed 12-month bankruptcy probability of VL ELEC is 3.2% (moderate). The 2024 annual accounts show equity of €79k and a net result of €31k. Its solvency ranks better than 45% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-3
Solvency67▲+19
Growth52
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.52 in 2023; short-term debt: 35.6% and cash: 5.7% of total assets), and 57.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.2%
Return on assets
16.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€79k▲ 62.6%
2023 · €49k
2023: €49k
2024: €79k▲ +62.6% vs 2023
2023 → 2024
Total assets
€188k▼ 12.7%
2023 · €215k
2023: €215k
2024: €188k▼ -12.7% vs 2023
2023 → 2024
Net result
€31k▼ 25.1%
2023 · €41k
2023: €41k
2024: €31k▼ -25.1% vs 2023
2023 → 2024
Working capital
€3k
2023 · €-54k
2023: €-54k
2024: €3k▲ +106% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€49k-€79k▲ 62.6%
2023: €49k
2024: €79k▲ +62.6% vs 2023
Operating result€53k-€43k▼ 18.4%
2023: €53k
2024: €43k▼ -18.4% vs 2023
Net result€41k-€31k▼ 25.1%
2023: €41k
2024: €31k▼ -25.1% vs 2023
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 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €188k
Fixed assets
€118k ▼ 24.8%
Current assets
€70k ▲ 19.5%
Equity and liabilities €188k
Equity
€79k ▲ 62.6%
Debt
€109k ▼ 34.8%
Debt's share of the balance-sheet total falls from 77.3% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▲
2023 · €64k
Cash flow
€69k▲
2023 · €52k
Current ratio
1.05▲
2023 · 0.52
Quick ratio
0.58▲
2023 · 0.52
Debt to equity
1.37▼
2023 · 3.41
ROE
38.5%▼
2023 · 83.6%
ROA
16.3%▼
2023 · 19.0%
Interest coverage
24.56▼
2023 · 396.71
Debt ≤ 1 year
€67k▼
2023 · €113k
Debt > 1 year
€42k▼
2023 · €53k
Income taxes
€11k▼
2023 · €13k
Staff costs
€13k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€215k€188k▼
Fixed assets21/28€156k€118k▼
Intangible fixed assets21€22k€17k▼
Tangible fixed assets22/27€134k€100k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€123k€90k▼
Current assets29/58€59k€70k▲
Stocks and contracts in progress3-€32k
Stocks30/36-€32k
Amounts receivable within one year40/41€56k€28k▼
Trade receivables40€47k€24k▼
Other amounts receivable41€10k€3k▼
Cash at bank and in hand54/58€3k€11k▲
Deferred charges and accrued income490/1-€217
Equity and liabilities
Total equity and liabilities10/49€215k€188k▼
Equity10/15€49k€79k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€41k€71k▲
Amounts payable17/49€166k€109k▼
Amounts payable after more than one year17€53k€42k▼
Financial debts170/4€53k€42k▼
Amounts payable within one year42/48€113k€67k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€29k€11k▼
Suppliers440/4€29k€11k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€18k€20k▲
Taxes450/3€13k€18k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€54k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€12k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€39k▲
Other operating charges640/8€421€498▲
Gross operating margin9900€76k€95k▲
Operating profit (loss)9901€53k€43k▼
Financial income75/76B€905€2k▲
Recurring financial income75€905€2k▲
Financial charges65/66B€161€3k▲
Recurring financial charges65€161€3k▲
Profit (loss) for the period before taxes9903€53k€42k▼
Income taxes67/77€13k€11k▼
Profit (loss) for the period9904€41k€31k▼
Profit (loss) for the period to be appropriated9905€41k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€71k▲
Profit (loss) brought forward from the previous period14P-€41k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €12k | €13k | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €39k | ▲ 241% |
| Other operating charges640/8 | €421 | €498 | ▲ 18.1% |
| Gross operating margin9900 | €76k | €95k | ▲ 24.7% |
| Operating profit (loss)9901 | €53k | €43k | ▼ 18.4% |
| Financial income75/76B | €905 | €2k | ▲ 141% |
| Recurring financial income75 | €905 | €2k | ▲ 141% |
| Financial charges65/66B | €161 | €3k | ▲ 1,961% |
| Recurring financial charges65 | €161 | €3k | ▲ 1,961% |
| Profit (loss) for the period before taxes9903 | €53k | €42k | ▼ 21.6% |
| Income taxes67/77 | €13k | €11k | ▼ 10.3% |
| Profit (loss) for the period9904 | €41k | €31k | ▼ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €41k | €31k | ▼ 25.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €215k | €188k | ▼ 12.7% |
| Fixed assets21/28 | €156k | €118k | ▼ 24.8% |
| Intangible fixed assets21 | €22k | €17k | ▼ 21.8% |
| Tangible fixed assets22/27 | €134k | €100k | ▼ 25.2% |
| Plant, machinery and equipment23 | €12k | €10k | ▼ 13.2% |
| Furniture and vehicles24 | €123k | €90k | ▼ 26.4% |
| Current assets29/58 | €59k | €70k | ▲ 19.5% |
| Stocks and contracts in progress3 | - | €32k | - |
| Stocks30/36 | - | €32k | - |
| Amounts receivable within one year40/41 | €56k | €28k | ▼ 51.0% |
| Trade receivables40 | €47k | €24k | ▼ 47.8% |
| Other amounts receivable41 | €10k | €3k | ▼ 66.6% |
| Cash at bank and in hand54/58 | €3k | €11k | ▲ 328% |
| Deferred charges and accrued income490/1 | - | €217 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €215k | €188k | ▼ 12.7% |
| Equity10/15 | €49k | €79k | ▲ 62.6% |
| Contributions10/11 | €8k | €8k | = |
| Profit (loss) carried forward14 | €41k | €71k | ▲ 74.9% |
| Amounts payable17/49 | €166k | €109k | ▼ 34.8% |
| Amounts payable after more than one year17 | €53k | €42k | ▼ 21.4% |
| Financial debts170/4 | €53k | €42k | ▼ 21.4% |
| Amounts payable within one year42/48 | €113k | €67k | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | €13k | €14k | ▲ 5.8% |
| Trade debts44 | €29k | €11k | ▼ 61.0% |
| Suppliers440/4 | €29k | €11k | ▼ 61.0% |
| Advances received on contracts in progress46 | - | €5k | - |
| Taxes, remuneration and social security45 | €18k | €20k | ▲ 11.2% |
| Taxes450/3 | €13k | €18k | ▲ 43.2% |
| Remuneration and social security454/9 | €5k | €2k | ▼ 69.5% |
| Other amounts payable47/48 | €54k | €17k | ▼ 68.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €31k | ▼ 25.1% |
| + Depreciation and write-downs630 | €11k | €39k | ▲ 241% |
| Operating cash flow (approximation) | €52k | €69k | ▲ 32.7% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €8k | - |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.52 to 1.05; short-term debt falls from €113k to €67k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
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, Lens (Hainaut) · 1 establishment unit since 2023
Ground area
4,347 m²
Building footprint
167 m²
Volume, LiDAR
1,102 m³
Parcel 53010B0474/00X000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VL ELEC
since 20232.348.023.471
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53010B0474/00X000 | Wallonia | 4,347 m² | 1 · 167 m² | 8.4 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.
Similar companies · same sector, comparable size
SUNSTAR IT
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SECUVER BEVEILIGING
BE 0552.590.390
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Frederikx
BE 0830.767.485
Evergem · Eq €79,402
ELECTRICITE GENERALE JVL
BE 0440.002.094
Vorst · Eq €79,356
ELEKTRO POELMANS
BE 0839.243.802
Beringen · Eq €79,403
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,797 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
Founded26-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.