VMK TEGELS
ActiveVMK TEGELS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476k and a net result of €61k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 6.77 against 5.73 in 2024; short-term debt: 14% and cash: 7.4% of total assets), and 14% 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.
−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 · 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
86%
Return on assets
11.1%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-03-2026, 149 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
149 d early
2024
146 d early
2023
158 d early
2022
82 d early
2021
88 d early
2021
21 d late
2020
20 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€476k▲ 14.8%
2024 · €414k
2019: €94k
2020: €190k
2021: €242k
2021: €249k
2022: €285k
2023: €362k
2024: €414k
2019 → 2025
Total assets
€553k▲ 12.8%
2024 · €490k
2019: €167k
2020: €254k
2021: €403k
2021: €417k
2022: €462k
2023: €576k
2024: €490k
2019 → 2025
Net result
€61k▲ 18.1%
2024 · €52k
2019: €7k
2020: €96k
2021: €51k
2021: €7k
2022: €36k
2023: €78k
2024: €52k
2019 → 2025
Working capital
€447k▲ 24.1%
2024 · €360k
2019: €71k
2020: €169k
2021: €229k
2021: €222k
2022: €224k
2023: €278k
2024: €360k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€285k▲ 14.3%€362k▲ 27.3%€414k▲ 14.3%€476k▲ 14.8%
Operating result€8k-€87k▲ 986%€91k▲ 5.4%€99k▲ 7.9%€86k▼ 12.7%
Net result€7k-€36k▲ 392%€78k▲ 118%€52k▼ 33.1%€61k▲ 18.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553k
Fixed assets
€29k▼ 46.7%
Current assets
€524k▲ 20.2%
Equity and liabilities €553k
Equity
€476k▲ 14.8%
Debt
€77k▲ 1.7%
The debt ratio falls from 15.5% to 14.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▼
2024 · €128k
Cash flow
€87k▲
2024 · €81k
Solvency
86.0%▲
2024 · 84.5%
Current ratio
6.77▲
2024 · 5.73
Quick ratio
6.77▲
2024 · 5.73
Debt / equity
0.16▼
2024 · 0.18
ROE
12.9%▲
2024 · 12.5%
ROA
11.1%▲
2024 · 10.6%
Interest coverage
46.60▲
2024 · 22.40
Debt
€77k▲
2024 · €76k
Debt ≤ 1 year
€77k▲
2024 · €76k
Income taxes
€22k▼
2024 · €40k
Staff costs
€642k▼
2024 · €677k
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€490k€553k▲
Fixed assets21/28€54k€29k▼
Tangible fixed assets22/27€54k€29k▼
Furniture and vehicles24€54k€29k▼
Current assets29/58€436k€524k▲
Amounts receivable within one year40/41€270k€438k▲
Trade receivables40€165k€356k▲
Other amounts receivable41€105k€81k▼
Cash at bank and in hand54/58€129k€41k▼
Deferred charges and accrued income490/1€36k€46k▲
Equity and liabilities
Total equity and liabilities10/49€490k€553k▲
Equity10/15€414k€476k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€394k€455k▲
Amounts payable17/49€76k€77k▲
Amounts payable within one year42/48€76k€77k▲
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€15k€9k▼
Suppliers440/4€15k€9k▼
Taxes, remuneration and social security45€50k€62k▲
Remuneration and social security454/9€50k€62k▲
Income statement
Code20242025
Remuneration, social security and pensions62€677k€642k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€25k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€353
Gross operating margin9900€807k€757k▼
Operating profit (loss)9901€99k€86k▼
Financial income75/76B€488€111▼
Recurring financial income75€488€111▼
Financial charges65/66B€8k€2k▼
Recurring financial charges65€6k€2k▼
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€91k€84k▼
Income taxes67/77€40k€22k▼
Profit (loss) for the period9904€52k€61k▲
Profit (loss) for the period to be appropriated9905€52k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€394k€455k▲
Profit (loss) brought forward from the previous period14P€342k€394k▲
The notes to these accounts (7 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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.73
Current ratio from 2.30 to 5.73; short-term debt falls from €214k to €76k.
24-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
30-06
Financial
Equity above €200kEq €242k ▲27%
3 profitable years in a row build equity to €242k.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €96k ▲1286%
Operating result €102k, net result €96k, both a record.
30-06
Financial
Equity above €150kEq €190k ▲102%
2 profitable years in a row build equity to €190k.
2019
25-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Evere · 1 establishment unit since 2011
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.
Godfroid Kurthstraat 331140 EvereGround area
856 m²
Building footprint
823 m²
Volume, LiDAR
4,364 m³
Parcel 21372D0237/00M002, Brussels · tallest building 14.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
-
since 20112.201.720.747
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0237/00M002 | Brussels | 856 m² | 1 · 823 m² | 14.0 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryVMK TEGELS SRL41967
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Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2011
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
43130Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.