Checked.be
Active
BE 0887.431.125Private limited company
VM-TECHNICS
Mallekotstraat 46 M ·2500 Lier, Belgium· 19 yrs active
Sector: General electrical installation work
(43211)
Conclusion
VM-TECHNICS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €683k and a net result of €57k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 7505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €683k |
| Net result | €57k |
| Staff (FTE) | 1.8 |
| Better than sector | 70% |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
42
Solvency
99
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
86
2021
93
2022
100
2023
86
2024
83
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.19 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.16 (≥ 1.0)
+5
Leverage
Debt/equity 0.64 (< 1.0)
+10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 14.9× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-05-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.0% | 44.0% | |
| Net result | €57k | €29k | |
| Equity | €683k | €274k | |
| Gross operating margin | €259k | €272k | |
| Staff costs | €101k | €243k |
€149k
-12.4%
21-25
€57k
-18.1%
21-25
€115k
-13.7%
21-25
€1.12M
+0.2%
21-25
€683k
-4.3%
21-25
€371k
-14.8%
21-25
2
+20.0%
21-25
€101k
+49.7%
21-25
€24k
-17.0%
21-25
€88k
+128.0%
21-25
€436k
+8.2%
21-25
€170k
+71.3%
21-25
€267k
-12.3%
21-25
3.19
-40.9%
21-25
3.16
-36.9%
21-25
61.0%
-4.5%
21-25
0.64
+13.1%
21-25
8.3%
-14.4%
21-25
5.1%
-18.2%
21-25
14.92
-29.8%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | -12.4% | -28.3% | +15.1% | +11.7% | - |
| Net profit | -18.1% | -35.4% | +19.8% | -16.4% | - |
| Cash flow | -13.7% | -23.6% | +5.3% | +0.3% | - |
| Staff costs | +49.7% | +11.0% | +38.4% | +1032.5% | - |
| Income taxes | -17.0% | -38.7% | +52.5% | +123.4% | - |
| Dividends | +128.0% | +406.1% | -55.2% | -64.7% | - |
| Total assets | +0.2% | -1.6% | +2.6% | +6.5% | - |
| Equity | -4.3% | +4.5% | +17.1% | +17.1% | - |
| Debt | +8.2% | -10.8% | -13.6% | -3.3% | - |
| of which ≤ 1y | +71.3% | -10.2% | -27.3% | -21.4% | - |
| of which > 1y | -12.3% | -11.0% | -8.0% | +6.7% | - |
| Working capital | -14.8% | +14.8% | +41.1% | +57.5% | - |
| Employees (FTE) | +20.0% | 0.0% | +15.4% | +550.0% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.19 | 5.40 | 4.44 | 2.77 | 1.88 |
| Quick ratio | 3.16 | 5.01 | 4.27 | 2.77 | 1.45 |
| Working capital ratio | 33.2% | 39.0% | 33.4% | 24.3% | 16.4% |
| Solvency | 61.0% | 63.9% | 60.2% | 52.7% | 47.9% |
| Debt / equity | 0.64 | 0.57 | 0.66 | 0.90 | 1.09 |
| Long-term debt ratio | 0.39 | 0.43 | 0.50 | 0.64 | 0.70 |
| Interest coverage | 14.92 | 21.26 | 15.20 | 21.72 | 34.34 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 5.1% | 6.2% | 9.5% | 8.1% | 10.3% |
| ROE | 8.3% | 9.7% | 15.7% | 15.4% | 21.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.12M | €1.12M | €1.13M | €1.11M | €1.04M |
| Fixed assets | 21/28 | €578k | €582k | €645k | €686k | €675k |
| Tangible fixed assets | 22/27 | €578k | €582k | €645k | €686k | €675k |
| Current assets | 29/58 | €541k | €535k | €490k | €420k | €364k |
| Stocks & contracts in progress | 3 | €5k | €39k | €19k | €0 | €84k |
| Amounts receivable within one year | 40/41 | €169k | €169k | €201k | €218k | €120k |
| Cash & bank | 54/58 | €352k | €320k | €254k | €190k | €149k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.12M | €1.12M | €1.13M | €1.11M | €1.04M |
| Equity | 10/15 | €683k | €714k | €683k | €583k | €498k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €6k |
| Reserves | 13 | €664k | €695k | €664k | €564k | €492k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €436k | €403k | €452k | €523k | €541k |
| Amounts payable after one year | 17 | €267k | €304k | €342k | €372k | €348k |
| Amounts payable within one year | 42/48 | €170k | €99k | €110k | €152k | €193k |
| Trade debts payable within one year | 44 | €37k | €29k | €44k | €84k | €57k |
| Income statement | ||||||
| Gross operating margin | 9900 | €259k | €244k | €303k | €254k | €199k |
| Operating result | 9901 | €91k | €106k | €170k | €130k | €126k |
| Financial income | 75 | - | - | - | €0 | €28 |
| Financial charges | 65 | €10k | €8k | €16k | €9k | €5k |
| Result before taxes | 9903 | €81k | €98k | €154k | €120k | €121k |
| Income taxes | 67/77 | €24k | €29k | €47k | €31k | €14k |
| Net result for the period | 9904 | €57k | €69k | €107k | €90k | €107k |
| Result to be appropriated | 9905 | €57k | €69k | €107k | €90k | €107k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 22-02-2007 |
| Status | Active |
| Postal code | 2500 |
Establishment units
VM-Technics bvba
since 20072.160.072.313
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11015C0208/00C000 | Flanders | 1,130 m² | 1 · 191 m² | 9.7 m · 2 fl. |
| 12392A0484/00W012indicative | Flanders | 510 m² | 1 · 60 m² | 3.9 m |
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €57k ▼18.1%
Net result drops to €57k, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €107k ▲19.8%
Operating result €170k, net result €107k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Equity above €500kEq €583k ▲17.1%
2 profitable years in a row build equity to €583k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General electrical installation work43211Installation of electric heating, air conditioning, cooling and ventilation4322245310
Names & trade names
| Legal nameNL | VM-TECHNICS |
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