VL TECHNICS
ActiveVL TECHNICS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.54M and a net result of €622k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 32% of 125 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency49▼-42
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.92 in 2024), and 73.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
26.7%
Return on assets
10.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
27 d early
2022
56 d early
2021
44 d early
2020
54 d early
2019
52 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.54M▼ 52.1%
2024 · €3.22M
2018: €2.18M
2019: €2.72M
2020: €3.19M
2021: €3.25M
2022: €3.25M
2023: €3.34M
2024: €3.22M
2018 → 2025
Total assets
€5.77M▼ 15.0%
2024 · €6.79M
2018: €3.69M
2019: €4.18M
2020: €5.15M
2021: €4.56M
2022: €5.22M
2023: €6.14M
2024: €6.79M
2018 → 2025
Net result
€622k▼ 24.6%
2024 · €824k
2018: €342k
2019: €571k
2020: €502k
2021: €361k
2022: €569k
2023: €1.09M
2024: €824k
2018 → 2025
Working capital
€1.57M▼ 51.3%
2024 · €3.23M
2018: €2.15M
2019: €2.58M
2020: €3.14M
2021: €3.24M
2022: €3.21M
2023: €3.33M
2024: €3.23M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.25M-€3.25M=€3.34M▲ 2.8%€3.22M▼ 3.8%€1.54M▼ 52.1%
Operating result€468k-€769k▲ 64.4%€1.48M▲ 92.8%€1.08M▼ 27.0%€849k▼ 21.6%
Net result€361k-€569k▲ 57.4%€1.09M▲ 92.0%€824k▼ 24.5%€622k▼ 24.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.77M
Fixed assets
€5k▼ 79.5%
Current assets
€5.77M▼ 14.8%
Equity and liabilities €5.77M
Equity
€1.54M▼ 52.1%
Debt
€4.23M▲ 18.5%
The debt ratio rises from 52.6% to 73.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€867k▼
2024 · €1.14M
Cash flow
€640k▼
2024 · €878k
Solvency
26.7%▼
2024 · 47.4%
Current ratio
1.38▼
2024 · 1.92
Quick ratio
1.14▼
2024 · 1.56
Debt / equity
2.75▲
2024 · 1.11
ROE
40.4%▲
2024 · 25.6%
ROA
10.8%▼
2024 · 12.1%
Interest coverage
76.56▼
2024 · 93.27
Debt
€4.23M▲
2024 · €3.57M
Debt ≤ 1 year
€4.19M▲
2024 · €3.53M
Income taxes
€225k▼
2024 · €288k
Staff costs
€1.44M▲
2024 · €1.34M
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€6.79M€5.77M▼
Fixed assets21/28€23k€5k▼
Intangible fixed assets21€15k€5k▼
Tangible fixed assets22/27€8k€62▼
Plant, machinery and equipment23€5k€62▼
Furniture and vehicles24€3k€0▼
Other tangible fixed assets26€0-
Current assets29/58€6.77M€5.77M▼
Stocks and contracts in progress3€1.25M€1.01M▼
Stocks30/36€726k€728k▲
Contracts in progress37€519k€277k▼
Amounts receivable within one year40/41€2.43M€1.49M▼
Trade receivables40€2.28M€1.38M▼
Other amounts receivable41€152k€109k▼
Current investments50/53€0-
Cash at bank and in hand54/58€3.08M€3.26M▲
Deferred charges and accrued income490/1€14k€7k▼
Equity and liabilities
Total equity and liabilities10/49€6.79M€5.77M▼
Equity10/15€3.22M€1.54M▼
Contributions10/11€277k€277k=
Reserves13€2.94M€1.26M▼
Tax-exempt reserves132€10k€10k=
Distributable reserves133€2.93M€1.25M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€3.57M€4.23M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€3.53M€4.19M▲
Current portion of amounts payable after more than one year42€24k€0▼
Trade debts44€2.29M€1.75M▼
Suppliers440/4€2.29M€1.75M▼
Taxes, remuneration and social security45€269k€144k▼
Taxes450/3€160k€11k▼
Remuneration and social security454/9€109k€132k▲
Other amounts payable47/48€950k€2.30M▲
Accrued charges and deferred income492/3€38k€38k=
Income statement
Code20242025
Remuneration, social security and pensions62€1.34M€1.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€18k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€2.48M€2.32M▼
Operating profit (loss)9901€1.08M€849k▼
Financial income75/76B€42k€9k▼
Recurring financial income75€42k€9k▼
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€1.11M€846k▼
Transfer from deferred taxes780€0-
Income taxes67/77€288k€225k▼
Profit (loss) for the period9904€824k€622k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€824k€622k▼
Appropriation of the result
Profit (loss) to be appropriated9906€824k€622k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€126k€1.68M▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€950k€2.30M▲
Return on contributions (dividend)694€950k€2.30M▲
Social balance
Average headcount (FTE)908717.018.4▲
The notes to these accounts (13 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.09M ▲92%
Operating result €1.48M, net result €1.09M, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
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
8 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, Waregem · 1 establishment unit since 2001
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.
Groenbek 568790 WaregemGround area
4,773 m²
Building footprint
2,876 m²
Volume, LiDAR
11 m³
Parcel 34453E0205/00K005, Flanders · tallest building 1.1 m. Linked by address, not a title deed.
1 establishment unit
VL TECHNICS
since 20012.097.772.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0205/00K005 | Flanders | 4,773 m² | 1 · 2,876 m² | 1.1 m |
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
L.V.R. ELECTRONICS
BE 0429.382.079
Houthalen-Helchteren · Eq €1.56M
I.B.A. ENGINEERING
BE 0453.949.310
Genk · Eq €1.56M
Équipement, Machines et Appareils Spéciaux
BE 0451.030.697
Sint-Jans-Molenbeek · Eq €1.44M
EVONITY
BE 0790.766.071
Heusden-Zolder · Eq €1.42M
R.H.R. - INDUSTRIES
BE 0423.279.888
Ieper · Eq €1.68M
Of 155 companies in sector 27120 we hold annual accounts for 113. 76 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2001
Fiscal year end31-12
Activities, NACEBEL
27120Manufacture of electrical equipment
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.