VM-TEGELS
ActiveThe computed 12-month bankruptcy probability of VM-TEGELS is 2.8% (moderate). The 2025 annual accounts show equity of €273k and a net result of €-38k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 7689 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency33▼-19
Growth52=
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.35 against 1.42 in 2024), and 79.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7689 sector peers (2025).
NBB · sector comparisonPosition among 7689 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
15 d early
2022
109 d early
2021
67 d early
2020
141 d early
2019
91 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€273k▼ 12.2%
2024 · €311k
2019: €69k
2020: €145k
2021: €211k
2022: €311k
2023: €311k
2024: €311k
2019 → 2025
Total assets
€1.34M▲ 18.8%
2024 · €1.13M
2019: €958k
2020: €1.01M
2021: €1.04M
2022: €1.25M
2023: €1.17M
2024: €1.13M
2019 → 2025
Net result
€-38k
2024 · €765
2019: €18k
2020: €112k
2021: €102k
2022: €136k
2023: €1k
2024: €765
2019 → 2025
Working capital
€255k▲ 6.7%
2024 · €239k
2019: €-274k
2020: €-201k
2021: €-43k
2022: €239k
2023: €243k
2024: €239k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€311k▲ 47.3%€311k=€311k=€273k▼ 12.2%
Operating result€103k-€146k▲ 42.4%€-19k€-22k▼ 17.5%€-76k▼ 247%
Net result€102k-€136k▲ 33.2%€1k▼ 99.0%€765▼ 44.3%€-38k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €76k in 2025 against €22k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€345k▲ 9.6%
Current assets
€992k▲ 22.4%
Equity and liabilities €1.34M
Equity
€273k▼ 12.2%
Debt
€1.06M▲ 30.6%
The debt ratio rises from 72.4% to 79.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€37k▼
2024 · €77k
Cash flow
€75k▼
2024 · €99k
Solvency
20.4%▼
2024 · 27.6%
Current ratio
1.35▼
2024 · 1.42
Quick ratio
0.54▲
2024 · 0.54
Debt / equity
3.90▲
2024 · 2.62
ROE
-13.9%▼
2024 · 0.2%
ROA
-2.8%▼
2024 · 0.1%
Interest coverage
2.27▼
2024 · 4.22
Debt
€1.06M▲
2024 · €815k
Debt ≤ 1 year
€737k▲
2024 · €572k
Debt > 1 year
€125k▲
2024 · €82k
Income taxes
€2k▼
2024 · €11k
Staff costs
€343k▲
2024 · €317k
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€1.13M€1.34M▲
Fixed assets21/28€315k€345k▲
Intangible fixed assets21€100k€90k▼
Tangible fixed assets22/27€208k€250k▲
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€128k€211k▲
Leasing and similar rights25€48k€11k▼
Other tangible fixed assets26€29k€21k▼
Financial fixed assets28€6k€5k▼
Current assets29/58€811k€992k▲
Stocks and contracts in progress3€501k€592k▲
Stocks30/36€501k€592k▲
Amounts receivable within one year40/41€204k€241k▲
Trade receivables40€204k€241k▲
Other amounts receivable41€200€0▼
Cash at bank and in hand54/58€77k€100k▲
Deferred charges and accrued income490/1€28k€60k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.34M▲
Equity10/15€311k€273k▼
Contributions10/11€62k€62k=
Reserves13€249k€211k▼
Distributable reserves133€249k€211k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€815k€1.06M▲
Amounts payable after more than one year17€82k€125k▲
Financial debts170/4€82k€125k▲
Amounts payable within one year42/48€572k€737k▲
Current portion of amounts payable after more than one year42€58k€57k▼
Financial debts43€150k€200k▲
Credit institutions430/8€150k€200k▲
Trade debts44€248k€364k▲
Suppliers440/4€248k€364k▲
Taxes, remuneration and social security45€62k€93k▲
Taxes450/3€19k€44k▲
Remuneration and social security454/9€43k€49k▲
Other amounts payable47/48€54k€23k▼
Accrued charges and deferred income492/3€160k€202k▲
Income statement
Code20242025
Non-recurring operating income76A€0€2k▲
Remuneration, social security and pensions62€317k€343k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€113k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€21k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€13k€14k▲
Gross operating margin9900€410k€415k▲
Operating profit (loss)9901€-22k€-76k▼
Financial income75/76B€52k€57k▲
Recurring financial income75€52k€57k▲
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€12k€-36k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€765€-38k▼
Profit (loss) for the period to be appropriated9905€765€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€765€-38k▼
Transfer from equity791/2-€38k
Transfer to equity691/2€15€0▼
To other reserves6921€15€0▼
Profit to be distributed694/7€750€0▼
Directors or managers695€750€0▼
Social balance
Average headcount (FTE)90870.95.2▲
The notes to these accounts (25 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-38k ▼5047%
Net result drops to €-38k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €136k ▲33.2%
Operating result €146k, net result €136k, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €211k ▲45.4%
3 profitable years in a row build equity to €211k.
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100kEq €145k ▲111%
2 profitable years in a row build equity to €145k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostkamp · 2 establishment units since 2019
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.
Kanaalstraat 108020 OostkampGround area
6,580 m²
Building footprint
5,132 m²
Volume, LiDAR
1,082 m³
2 parcels, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
2 establishment units
VM-TEGELS
since 20192.284.445.416
VM-TEGELS
since 20192.285.782.729
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0717/00A000 | Flanders | 3,398 m² | 1 · 3,763 m² | 0.7 m |
| 31022I0055/00P002 | Flanders | 3,181 m² | 1 · 1,369 m² | 7.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2025 · 1 entry · 327 EUR awarded · 327 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 327 EUR | 327 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BEYAERT VLOEREN
BE 0420.769.073
Zwevegem · Eq €272k
TRAP - DIVISION IMPORT
BE 0462.912.803
Poperinge · Eq €272k
A.D.A. PROJECTS
BE 0502.405.461
Deinze · Eq €272k
J. DE GREEF
BE 0416.006.373
Steenokkerzeel · Eq €272k
ARTISAN CARRELEUR MAXIME DENGIS
BE 0759.938.778
Yvoir · Eq €275k
Of 3,935 companies in sector 43331 we hold annual accounts for 1,777. 1,302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2018
Fiscal year end31-12
Activities, NACEBEL
43331Floor and wall tiling
47523Retail trade
68121Development of residential building projects
43333Wallpapering and laying of floor and wall coverings in other materials
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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:linda@vm-tegels.be
Phone:050826061