Vlegels Philippe
ActiveVlegels Philippe has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308k and a net result of €17k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-3
Solvency70▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 0.93 in 2024; short-term debt: 40.8% and cash: 6.8% of total assets), and 55.2% 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 43
Relative position
BE, all sectors
reference
Sector 43
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
44.8%
Return on assets
2.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
3 d early
2023
29 d late
2022
33 d early
2021
9 d late
2020
37 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€550k
EBIT margin
8.1%
Net result
€17k▼ 71.5%
2024 · €59k
2019: €16k
2020: €3k
2021: €25k
2022: €36k
2023: €21k
2024: €59k
2019 → 2025
Working capital
€29k
2024 · €-15k
2019: €269k
2020: €296k
2021: €176k
2022: €195k
2023: €87k
2024: €-15k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€550k
Equity€265k-€300k▲ 13.5%€248k▼ 17.3%€307k▲ 23.7%€308k▲ 0.3%
Operating result€27k-€48k▲ 77.7%€27k▼ 43.4%€46k▲ 68.4%€45k▼ 2.6%
Net result€25k-€36k▲ 44.4%€21k▼ 42.2%€59k▲ 185%€17k▼ 71.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €688k
Fixed assets
€379k▼ 9.2%
Current assets
€310k▲ 44.2%
Equity and liabilities €688k
Equity
€308k▲ 0.3%
Debt
€380k▲ 17.2%
The debt ratio rises from 51.4% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107k▼
2024 · €108k
Cash flow
€80k▼
2024 · €121k
Solvency
44.8%▼
2024 · 48.6%
Current ratio
1.10▲
2024 · 0.93
Quick ratio
0.60▼
2024 · 0.67
Debt / equity
1.23▲
2024 · 1.06
ROE
5.4%▼
2024 · 19.2%
ROA
2.4%▼
2024 · 9.3%
Interest coverage
5.33▼
2024 · 9.22
Debt
€380k▲
2024 · €325k
Debt ≤ 1 year
€281k▲
2024 · €230k
Debt > 1 year
€85k=
2024 · €85k
Income taxes
€11k▼
2024 · €22k
Staff costs
€124k▲
2024 · €120k
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€632k€688k▲
Fixed assets21/28€417k€379k▼
Tangible fixed assets22/27€417k€379k▼
Land and buildings22€286k€277k▼
Plant, machinery and equipment23€36k€29k▼
Furniture and vehicles24€96k€72k▼
Financial fixed assets28€0-
Current assets29/58€215k€310k▲
Stocks and contracts in progress3€62k€141k▲
Stocks30/36€62k€141k▲
Amounts receivable within one year40/41€63k€57k▼
Trade receivables40€33k€39k▲
Other amounts receivable41€29k€18k▼
Current investments50/53€66k€61k▼
Cash at bank and in hand54/58€20k€46k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€632k€688k▲
Equity10/15€307k€308k▲
Contributions10/11€25k€25k=
Reserves13€282k€283k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€282k€283k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€325k€380k▲
Amounts payable after more than one year17€85k€85k=
Financial debts170/4€85k€85k=
Amounts payable within one year42/48€230k€281k▲
Current portion of amounts payable after more than one year42€5k€0▼
Trade debts44€24k€53k▲
Suppliers440/4€24k€53k▲
Taxes, remuneration and social security45€26k€18k▼
Taxes450/3€19k€3k▼
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48€175k€211k▲
Accrued charges and deferred income492/3€10k€14k▲
Income statement
Code20242025
Turnover70-€550k
Non-recurring operating income76A-€0
Goods, raw materials, services and sundry goods60/61-€350k
Remuneration, social security and pensions62€120k€124k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€63k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€232k€234k▲
Operating profit (loss)9901€46k€45k▼
Financial income75/76B€47k€4k▼
Recurring financial income75€47k€4k▼
Financial charges65/66B€12k€20k▲
Recurring financial charges65€12k€20k▲
Profit (loss) for the period before taxes9903€81k€28k▼
Income taxes67/77€22k€11k▼
Profit (loss) for the period9904€59k€17k▼
Profit (loss) for the period to be appropriated9905€59k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€17k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€59k€17k▼
To other reserves6921€59k€17k▼
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (6 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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €59k ▲185%
Net result €59k, the highest in the series.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 37 days late
31-03
Financial
Weakest financial yearnet €3k ▼80.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 15.19
Current ratio from 6.74 to 15.19; short-term debt falls from €47k to €21k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2016
21-09
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, Lievegem · 1 establishment unit since 2005
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.
Varensbos 109920 LievegemGround area
739 m²
Building footprint
146 m²
Volume, LiDAR
771 m³
Parcel 44036A0375/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VLEGELS PHILIPPE
since 20052.148.090.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44036A0375/00S000 | Flanders | 738 m² | 1 · 146 m² | 8.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 330 EUR | 330 EUR |
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesVlegels Philippe BV38637
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,527 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2005
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:philippe@vlegelsbvba.be
Phone:0476.66.78.29