VL-Tech
Open bankruptcyA bankruptcy procedure is open for VL-Tech according to publications in the Belgian State Gazette; curator: SOFIE DE NIJS. The 2024 annual accounts show equity of €237k and a net result of €151k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2024, micro schema
Equity
€237k▲ 175%
2023 · €86k
2023: €86k
2023 → 2024
Total assets
€746k▲ 36.1%
2023 · €548k
2023: €548k
2023 → 2024
Net result
€151k▲ 129%
2023 · €66k
2023: €66k
2023 → 2024
Working capital
€41k
2023 · €-95k
2023: €-95k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€86k-€237k▲ 175%
Operating result€97k-€164k▲ 68.6%
Net result€66k-€151k▲ 129%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 69% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €746k
Fixed assets
€394k▼ 2.7%
Current assets
€351k▲ 148%
Equity and liabilities €746k
Equity
€237k▲ 175%
Debt
€509k▲ 10.1%
The debt ratio falls from 84.3% to 68.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€197k
Cash flow
€184k
Solvency
31.8%▲
2023 · 15.7%
Current ratio
1.13▲
2023 · 0.60
Quick ratio
1.05▲
2023 · 0.50
Debt / equity
2.14▼
2023 · 5.36
ROE
63.7%▼
2023 · 76.8%
ROA
20.3%▲
2023 · 12.1%
Interest coverage
15.53
Debt
€509k▲
2023 · €462k
Debt ≤ 1 year
€310k▲
2023 · €236k
Debt > 1 year
€198k▼
2023 · €226k
Staff costs
€487k▲
2023 · €283k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€548k€746k▲
Formation expenses20€1k-
Fixed assets21/28€405k€394k▼
Tangible fixed assets22/27€403k€392k▼
Plant, machinery and equipment23€137k€132k▼
Furniture and vehicles24€16k€21k▲
Leasing and similar rights25€250k€239k▼
Financial fixed assets28€2k€2k=
Current assets29/58€141k€351k▲
Stocks and contracts in progress3€25k€25k=
Stocks30/36€25k€25k=
Amounts receivable within one year40/41€92k€307k▲
Trade receivables40€59k€201k▲
Other amounts receivable41€32k€106k▲
Cash at bank and in hand54/58€25k€20k▼
Equity and liabilities
Total equity and liabilities10/49€548k€746k▲
Equity10/15€86k€237k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€66k€217k▲
Amounts payable17/49€462k€509k▲
Amounts payable after more than one year17€226k€198k▼
Financial debts170/4€226k€198k▼
Amounts payable within one year42/48€236k€310k▲
Current portion of amounts payable after more than one year42€54k€13k▼
Trade debts44€65k€131k▲
Suppliers440/4€65k€131k▲
Taxes, remuneration and social security45€47k€134k▲
Taxes450/3€24k€32k▲
Remuneration and social security454/9€23k€102k▲
Other amounts payable47/48€70k€33k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€596k-
Remuneration, social security and pensions62€283k€487k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€33k
Other operating charges640/8€805€2k▲
Gross operating margin9900€381k€687k▲
Operating profit (loss)9901€97k€164k▲
Financial income75/76B€0€27▲
Recurring financial income75€0€27▲
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€90k€151k▲
Income taxes67/77€24k-
Profit (loss) for the period9904€66k€151k▲
Profit (loss) for the period to be appropriated9905€66k€151k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€217k▲
Profit (loss) brought forward from the previous period14P-€66k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · VL-TECH BV KARREWEG 17/B, 9870 ZULTE · event 30-06-2026
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial
Equity above €200kEq €237k ▲175%
2 profitable years in a row build equity to €237k.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
SignalFinancial 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, Zulte · 1 establishment unit since 2022
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.
Karreweg 179870 ZulteGround area
9,258 m²
Building footprint
4,939 m²
Volume, LiDAR
42,362 m³
Parcel 44081C0473/00H002, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VL-Tech
since 20222.337.139.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0473/00H002 | Flanders | 9,258 m² | 1 · 4,939 m² | 9.6 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DE NIJS BRANDSTRAAT 117, 8755 WINGENE- |
30-06-2026 → present |
Recognitions · licences · registrations
Recognised contractor
3 categoriesVL-Tech BV45811
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2022
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43110Demolition
43211General electrical installation work
43212Electrical installation work in industrial facilities
43350Other building finishing work
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.