VMatic
ActiveThe computed 12-month bankruptcy probability of VMatic is 2.2% (moderate). The 2024 annual accounts show equity of €230k and a net result of €40k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-11
Solvency30▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.33 in 2023), and 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 23% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
40 d late
2022
39 d late
2021
31 d late
2020
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€230k▲ 21.0%
2023 · €190k
2020: €65k
2021: €102k
2022: €153k
2023: €190k
2020 → 2024
Total assets
€1.10M▼ 15.0%
2023 · €1.29M
2020: €209k
2021: €273k
2022: €369k
2023: €1.29M
2020 → 2024
Net result
€40k▲ 6.5%
2023 · €37k
2020: €62k
2021: €36k
2022: €57k
2023: €37k
2020 → 2024
Working capital
€21k▼ 78.0%
2023 · €97k
2020: €42k
2021: €20k
2022: €76k
2023: €97k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€102k▲ 56.0%€153k▲ 50.3%€190k▲ 24.5%€230k▲ 21.0%
Operating result€73k-€42k▼ 42.5%€75k▲ 78.0%€52k▼ 30.4%€83k▲ 60.2%
Net result€62k-€36k▼ 41.3%€57k▲ 56.5%€37k▼ 34.4%€40k▲ 6.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 60% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.10M
Fixed assets
€883k▼ 1.6%
Current assets
€213k▼ 45.8%
Equity and liabilities €1.10M
Equity
€230k▲ 21.0%
Debt
€866k▼ 21.3%
The debt ratio falls from 85.3% to 79.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€138k▲
2023 · €85k
Cash flow
€94k▲
2023 · €71k
Solvency
21.0%▲
2023 · 14.7%
Current ratio
1.11▼
2023 · 1.33
Quick ratio
1.09▼
2023 · 1.32
Debt / equity
3.76▼
2023 · 5.78
ROE
17.3%▼
2023 · 19.7%
ROA
3.6%▲
2023 · 2.9%
Interest coverage
3.72▼
2023 · 6.62
Debt
€866k▼
2023 · €1.10M
Debt ≤ 1 year
€191k▼
2023 · €295k
Debt > 1 year
€674k▼
2023 · €804k
Income taxes
€12k▲
2023 · €3k
Staff costs
€59k▲
2023 · €51k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.29M€1.10M▼
Fixed assets21/28€897k€883k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€888k€874k▼
Land and buildings22€778k€799k▲
Plant, machinery and equipment23€23k€29k▲
Furniture and vehicles24€87k€46k▼
Financial fixed assets28€7k€7k▲
Current assets29/58€392k€213k▼
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€295k€142k▼
Trade receivables40€91k€83k▼
Other amounts receivable41€204k€58k▼
Current investments50/53€2k-
Cash at bank and in hand54/58€79k€56k▼
Deferred charges and accrued income490/1€13k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.10M▼
Equity10/15€190k€230k▲
Contributions10/11€3k€3k=
Reserves13€187k€227k▲
Distributable reserves133€187k€227k▲
Amounts payable17/49€1.10M€866k▼
Amounts payable after more than one year17€804k€674k▼
Financial debts170/4€804k€674k▼
Amounts payable within one year42/48€295k€191k▼
Current portion of amounts payable after more than one year42€235k€75k▼
Trade debts44€57k€103k▲
Suppliers440/4€57k€103k▲
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€892€13k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€90€90=
Accrued charges and deferred income492/3-€567
Income statement
Code20232024
Remuneration, social security and pensions62€51k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€55k▲
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€29k€5k▼
Gross operating margin9900€170k€208k▲
Operating profit (loss)9901€52k€83k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€13k€37k▲
Recurring financial charges65€13k€37k▲
Profit (loss) for the period before taxes9903€41k€52k▲
Income taxes67/77€3k€12k▲
Profit (loss) for the period9904€37k€40k▲
Profit (loss) for the period to be appropriated9905€37k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€40k▲
Transfer to equity691/2€37k€40k▲
To other reserves6921€37k€40k▲
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €230k ▲21%
5 profitable years in a row build equity to €230k.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Equity above €150kEq €153k ▲50.3%
3 profitable years in a row build equity to €153k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €36k ▼41.3%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €102k ▲56%
2 profitable years in a row build equity to €102k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hooglede · 1 establishment unit since 2020
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.
Ieperstraat 838830 HoogledeGround area
1,080 m²
Building footprint
260 m²
Volume, LiDAR
1,307 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VMatic
since 20202.301.142.678
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006D0159/00H000 | Flanders | 646 m² | 1 · 129 m² | 8.6 m · 2 fl. |
| 36019B1162/00P000 | Flanders | 434 m² | 1 · 130 m² | 8.3 m · 2 fl. |
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
2022 to 2025 · 3 entries · 1,034 EUR awarded · 936 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 243 EUR | 182 EUR |
| 2023 | 1 | 462 EUR | 425 EUR |
| 2022 | 1 | 329 EUR | 329 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 8,015 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43320Joinery installation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.