VL POWER
ActiveVL POWER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €118k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 23% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency37▼-49
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 2.64 in 2024; short-term debt: 87.9% and cash: 14.1% of total assets), and 88.4% 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 27
Relative position
BE, all sectors
reference
Sector 27
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
11.6%
Return on assets
77.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 127 sector peers (2025).
NBB · sector comparisonPosition among 127 sector peers
Solvency
better than 23%
← weakest
strongest →
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 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
90 d early
2023
32 d early
2022
3 d early
2021
44 d early
2020
30 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€18k▼ 92.2%
2024 · €226k
2018: €203k
2019: €210k
2020: €214k
2021: €219k
2022: €223k
2023: €228k
2024: €226k
2018 → 2025
Total assets
€152k▼ 58.5%
2024 · €368k
2018: €618k
2019: €651k
2020: €578k
2021: €510k
2022: €533k
2023: €501k
2024: €368k
2018 → 2025
Net result
€118k▲ 21.0%
2024 · €97k
2018: €93k
2019: €131k
2020: €73k
2021: €96k
2022: €124k
2023: €130k
2024: €97k
2018 → 2025
Working capital
€18k▼ 91.9%
2024 · €228k
2018: €497k
2019: €449k
2020: €398k
2021: €347k
2022: €296k
2023: €245k
2024: €228k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€223k▲ 2.0%€228k▲ 2.1%€226k▼ 1.1%€18k▼ 92.2%
Operating result€118k-€170k▲ 44.7%€174k▲ 2.1%€130k▼ 25.3%€158k▲ 21.4%
Net result€96k-€124k▲ 30.1%€130k▲ 4.4%€97k▼ 24.9%€118k▲ 21.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €152k
Equity
€18k▼ 92.2%
Debt
€135k▼ 5.1%
The debt ratio rises from 38.6% to 88.4%. Equity and debt are lower.
Key figures and ratios
Solvency
11.6%▼
2024 · 61.4%
Current ratio
1.14▼
2024 · 2.64
Quick ratio
1.14▼
2024 · 2.64
Debt / equity
7.62▲
2024 · 0.63
ROE
667.4%▲
2024 · 43.2%
ROA
77.4%▲
2024 · 26.5%
Debt
€135k▼
2024 · €142k
Debt ≤ 1 year
€134k▼
2024 · €140k
Income taxes
€40k▲
2024 · €33k
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€368k€152k▼
Current assets29/58€368k€152k▼
Amounts receivable within one year40/41€50k€77k▲
Trade receivables40€42k€77k▲
Other amounts receivable41€8k€0▼
Current investments50/53€275k€53k▼
Cash at bank and in hand54/58€42k€21k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€368k€152k▼
Equity10/15€226k€18k▼
Contributions10/11€200k€5k▼
Capital10€200k-
Issued capital100€200k-
Reserves13€26k€13k▼
Non-distributable reserves130/1€20k€0▼
Legal reserve130€20k-
Reserves not available under the articles1311-€0
Distributable reserves133€6k€13k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€142k€135k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€140k€134k▼
Current portion of amounts payable after more than one year42€14k€0▼
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€12k€22k▲
Taxes450/3€12k€22k▲
Other amounts payable47/48€100k€106k▲
Accrued charges and deferred income492/3€3k€700▼
Income statement
Code20242025
Other operating charges640/8€571€665▲
Gross operating margin9900€131k€158k▲
Operating profit (loss)9901€130k€158k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€2k€839▼
Recurring financial charges65€2k€839▼
Profit (loss) for the period before taxes9903€130k€158k▲
Income taxes67/77€33k€40k▲
Profit (loss) for the period9904€97k€118k▲
Profit (loss) for the period to be appropriated9905€97k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€118k▲
Transfer from equity791/2€3k€25k▲
Transfer to equity691/2€0€12k▲
To other reserves6921€0€12k▲
Profit to be distributed694/7€100k€131k▲
Return on contributions (dividend)694€100k€131k▲
The notes to these accounts (4 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €73k ▼44.2%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €131k ▲41%
Net result €131k, the highest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Genk · 1 establishment unit since 2009
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.
Henry Fordlaan 293600 GenkGround area
5.6 ha
Building footprint
7,451 m²
Volume, LiDAR
78,621 m³
Parcel 71304E0735/00F015, Flanders · tallest building 66.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VL Power
since 20092.183.521.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0735/00F015 | Flanders | 5.6 ha | 1 · 7,451 m² | 66.0 m · 4 fl. |
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.
Similar companies · same sector, comparable size
Tubelite
BE 0403.152.091
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SERVICE - HYDRO
BE 0442.429.866
Antwerpen · Eq €20k
ECO HABITAT ENERGIE
BE 1002.840.339
Namur · Eq €20k
Z POWER
BE 1008.388.145
Machelen (Brab.) · Eq €15k
Etablissements Emile Lekens en Co
BE 0403.679.356
Aartselaar · Eq €21k
Of 262 companies in sector 27110 we hold annual accounts for 173. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2009
Fiscal year end30-09
Activities, NACEBEL
27110Manufacture of electrical equipment
46500Wholesale of information and communication equipment
46520Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:089/613420