Equity
€17,678 from €228,205 in 2023
Equity fell by 92% in 2 years.
VL POWER
Lifetime
15 annual accounts with figures on one time axispeak €249,861 (2011)
€158,380▲ 21.4%
lowest -€147,476 (2011)
€117,984▲ 21.0%
peak €228,205 (2023)
€17,678▼ 92.2%
€134,768▼ 5.1%
Board5 names since 2009
4 directorsCOATINC NINOVE and 3 others
Owners6 names in the annual accounts
30%KACEE INVEST and 4 others
Documentsfilings and deeds
28-04-20262 days before the deadline
2025abbreviated format
Gross margin from €130,501 to €158,380Capital decrease of €220,000 09-04Dividend €131,036Equity from €225,694 to €17,678Cash from €41,562 to €21,429
Key points
from the 2025 annual accountsDebts
€134,768 88% of the balance sheet
Suppliers 4%Taxes and wages 16%Other 79%
Of this, €134,068 falls due within a year.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 2 to 90 days before the end of the period.
Equity -92%: capital reduction
Checked score
84
Excellent
Financially stronger than 33% of micro companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 437 companies (NACE 27, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Equity €17,678 (11.6% of total assets)
Sector: Manufacture of electrical equipment (NACE 27)
lowers risk
Size: total assets €152,447
Founded in 2009
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 27, micro). It does better than 20% of them on solvency, 12% on liquidity, 95% on profitability and 6% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as VL POWER has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VL POWER itself is lower: 0.3% within 12 months. It rests on far more data about VL POWER than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for VL POWER. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (2.64 in 2024), below the usual 1.5. Short-term debt is 87.9% and cash 14.1% of total assets. 88.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 150 sector peers (2025).
NBB · sector comparisonPosition among 150 sector peers
Solvency
better than 22%
← 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 days early
2024
90 days early
2023
32 days early
2022
3 days early
2021
44 days early
2020
30 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Board and ownership
K
KETINE
Director, KEMPENEERS Tineke, since 07-04-2025
- KACEE INVEST 30%equity €12.9m (2025) · 2025 annual accounts of KACEE INVEST
- LENSSEN GEORGES 30%score 68equity €633,872 (2025) · 30-06-2025 annual accounts of LENSSEN GEORGES
- LENSSEN PAUL 30%score 94equity €919,172 (2025) · 30-06-2025 annual accounts of LENSSEN PAUL
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0820933566
Capital decrease of €220,000
Resignations: KTS IMMO, KETINE, COATINC NINOVE, LENSSEN PAUL (managing director) and LENSSEN GEORGES (managing director) · Appointments: KETINE, COATINC NINOVE, LENSSEN PAUL (managing director) and LENSSEN GEORGES (managing director) · Permanent representatives: KEMPENEERS Tineke, DUPONT Philippe Jerome Joseph, LENSSEN Paul and LENSSEN Georges · General meeting of 28-03-2025 · Gazette deed
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Nieuwbouw of aanleggen, Ontbossen · Departement Omgeving
4 directors reappointed
Lenssen Georges BV (managing director), Lenssen Paul BV (managing director), KTS Immo NV and Coatinc Ninove · General meeting of 02-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VL POWER Genk | €152,447 | €158,380 | 11.6% | - |
| RKSV Torhout | €193,288 | €138,347 | 59.8% | - |
| G & M ELECTRIQUE Tubize | €264,779 | €148,943 | 32.1% | - |
| TECAME BELGIUM La Bruyère | €176,444 | €186,059 | 41.6% | 1 |
| RE-TURN Hoogstraten | €97,673 | €58,405 | 72.6% | - |
| Infinite Power Oudsbergen | €183,753 | €140,339 | 61.1% | - |
| ARGUM Bree | €109,226 | €38,577 | 97.9% | - |
These companies have the same main activity as VL POWER: manufacture of electrical equipment (NACE 27110). They are comparable in size and age: total assets between €97,700 and €265,000, founded between 1998 and 2019.
Official details
Source: KBO- Status
- Active since 18-11-2009Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27110and 1 other
- Establishment unit
- 2.183.521.9633600 Genk, since 15-12-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 26-02-2026
Annual accounts to 30-09-2025
- ≈ €400,000estimated
- €152,447▼ 58.5%
- Filing
- Filed on 28-04-2026, 2 days before the end of the filing period
Companies linked to VL POWER
Shareholders
Insights on VL POWER
VL POWER files the abbreviated format. That format states no turnover. The gross margin fell from €249,861 in 2011 to €158,380 in 2025.
In April 2025, the Official Gazette published the appointment of LENSSEN GEORGES as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VL POWER
- What is the company number of VL POWER?
- The company number of VL POWER is 0820.933.566. The VAT number is the same number with BE in front: BE 0820.933.566.
- Where is VL POWER based?
- The registered office is at Henry Fordlaan 29, 3600 Genk.Company details
- What does VL POWER do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27110).
- What is the legal form of VL POWER?
- VL POWER is a private limited company (BV).
- When was VL POWER founded?
- VL POWER was founded on 18-11-2009.
- Is VL POWER still active?
- Yes, VL POWER is an active enterprise in the KBO register.
- What is the turnover of VL POWER?
- The turnover in financial year 2025 is ≈ €400,000. This figure is estimated from the gross margin of €158,380 and 1,646 comparable companies of the same size. It probably lies between €250,000 and €750,000. It is a rough estimate.Financials
- Is VL POWER profitable?
- In financial year 2025, VL POWER made a profit of €117,984.
- Where can I find the annual accounts of VL POWER?
- VL POWER filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VL POWER due?
- VL POWER must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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