Vlegels Philippe
ActiveSummary
Vlegels Philippe has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €276,143 and a net result of -€7,358. Equity has been growing by about 2.8% per year since 2019. Its solvency ranks better than 36% of 913 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 30-06-2005 Normal situation
- Activity
- General electrical installation work NACE 43211
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 31-03-2026
- Establishment unit
- 2.148.090.437 9920 Lievegem, since 15-07-2005
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Elias VlegelsDirector · since 01-04-2025
- Vlegels PhilippeDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €186,848
- ▼ 20.2%
- Turnover
- ≈ €550,000
- estimated
- Loss
- €7,358
- Equity
- €276,143
- ▼ 10.3%
- Total assets
- €715,778
- ▲ 4.0%
- Employees on 31-03-2026
- 2
- ▲ 100%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €715,778Figures for financial year 2026 (filed on 31-10-2026)Founded in 2005Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 41% of them on solvency, 23% on liquidity, 24% on profitability and 24% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower net result than 88% of companies in specialised constructionsector median €12,161 · 913 companies -€7,358 View
Recent changes
- · Gazette deed Appointment: Elias Vlegels (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as Vlegels Philippe: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €586,000 and €803,000, founded between 2002 and 2007.
| Company | Total assets | Gross margin |
|---|---|---|
| Vlegels Philippe Lievegem | €715,778 | €186,848 |
| VINCK TECHNICS Denderleeuw | €697,214 | €194,584 |
| DVN electriciteit en techniek bvba Oosterzele | €802,947 | €161,451 |
| Van Winghem Electrotechniek Erpe-Mere | €709,978 | €161,752 |
| ELECTRO VINDEVOGHEL Oudenaarde | €585,583 | €185,604 |
| DNV ENGINEERING Silly | €743,179 | €181,740 |
| HOME TECH CONCEPT Floreffe | €673,606 | €199,908 |
Key facts about Vlegels Philippe
- What is the company number of Vlegels Philippe?
- The company number of Vlegels Philippe is 0874.943.958. The VAT number is the same number with BE in front: BE 0874.943.958.
- Where is Vlegels Philippe based?
- The registered office is at Varensbos 10, 9920 Lievegem.Company details
- What does Vlegels Philippe do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Vlegels Philippe?
- The legal form of Vlegels Philippe is Private limited company (BV).
- When was Vlegels Philippe founded?
- Vlegels Philippe was founded on 30-06-2005.
- Is Vlegels Philippe still active?
- Yes, Vlegels Philippe is an active enterprise in the KBO register.
- How many employees does Vlegels Philippe have?
- Vlegels Philippe had an average of 1.1 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Vlegels Philippe fall under?
- In its 31-03-2026 annual accounts, Vlegels Philippe states joint committee 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
- What is the turnover of Vlegels Philippe?
- The turnover in financial year 2026 is ≈ €550,000. This figure is estimated from the gross margin of €186,848 and 38 comparable companies (NACE 43211). It probably lies between €370,000 and €680,000. In financial year 2025 turnover was €549,920.
- Is Vlegels Philippe profitable?
- In financial year 2026, Vlegels Philippe made a loss of €7,358.
- Where can I find the annual accounts of Vlegels Philippe?
- Vlegels Philippe filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Vlegels Philippe due?
- Vlegels Philippe must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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