Vostec
ActiveVostec has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €117k and a net result of €24k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 1630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
93
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency98▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 3.88 in 2023), and 42.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
28 d early
2022
31 d late
2021
16 d early
2020
24 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€117k▲ 8.4%
2023 · €108k
2019: €41k
2020: €49k
2021: €70k
2022: €102k
2023: €108k
2019 → 2024
Total assets
€205k▲ 50.9%
2023 · €136k
2019: €67k
2020: €87k
2021: €89k
2022: €138k
2023: €136k
2019 → 2024
Net result
€24k▼ 1.4%
2023 · €24k
2019: €35k
2020: €7k
2021: €22k
2022: €39k
2023: €24k
2019 → 2024
Working capital
€45k▼ 43.4%
2023 · €79k
2019: €25k
2020: €-208
2021: €24k
2022: €64k
2023: €79k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€70k▲ 44.6%€102k▲ 44.6%€108k▲ 6.6%€117k▲ 8.4%
Operating result€10k-€31k▲ 211%€55k▲ 75.1%€33k▼ 39.9%€34k▲ 2.9%
Net result€7k-€22k▲ 191%€39k▲ 79.5%€24k▼ 37.3%€24k▼ 1.4%
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 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205k
Fixed assets
€117k▲ 301%
Current assets
€87k▼ 18.0%
Equity and liabilities €205k
Equity
€117k▲ 8.4%
Debt
€87k▲ 219%
The debt ratio rises from 20.2% to 42.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€62k▲
2023 · €42k
Cash flow
€52k▲
2023 · €34k
Solvency
57.3%▼
2023 · 79.8%
Current ratio
2.05▼
2023 · 3.88
Quick ratio
2.05▼
2023 · 3.88
Debt / equity
0.74▲
2023 · 0.25
ROE
20.5%▼
2023 · 22.5%
ROA
11.7%▼
2023 · 18.0%
Interest coverage
22.54▼
2023 · 34.50
Debt
€87k▲
2023 · €27k
Debt ≤ 1 year
€43k▲
2023 · €27k
Debt > 1 year
€45k
Income taxes
€7k▼
2023 · €7k
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€136k€205k▲
Fixed assets21/28€29k€117k▲
Intangible fixed assets21€407€307▼
Tangible fixed assets22/27€29k€117k▲
Land and buildings22€22k€26k▲
Plant, machinery and equipment23€2k€905▼
Furniture and vehicles24€4k€88k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€30€30=
Current assets29/58€106k€87k▼
Amounts receivable within one year40/41€31k€13k▼
Trade receivables40€30k€12k▼
Other amounts receivable41€299€984▲
Cash at bank and in hand54/58€76k€74k▼
Deferred charges and accrued income490/1€311€360▲
Equity and liabilities
Total equity and liabilities10/49€136k€205k▲
Equity10/15€108k€117k▲
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€47k€56k▲
Amounts payable17/49€27k€87k▲
Amounts payable after more than one year17-€45k
Financial debts170/4-€45k
Amounts payable within one year42/48€27k€43k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€8k€3k▼
Taxes450/3€5k€9▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€18k€25k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€28k▲
Other operating charges640/8€985€1k▲
Gross operating margin9900€43k€63k▲
Operating profit (loss)9901€33k€34k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€32k€31k▼
Income taxes67/77€7k€7k▼
Profit (loss) for the period9904€24k€24k▼
Profit (loss) for the period to be appropriated9905€24k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€71k▲
Profit (loss) brought forward from the previous period14P€41k€47k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€18k€15k▼
Return on contributions (dividend)694€18k€15k▼
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €39k ▲79.5%
Operating result €55k, net result €39k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲44.6%
4 profitable years in a row build equity to €102k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 0.99 to 2.30; short-term debt falls from €38k to €19k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €7k ▼78.7%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Merelbeke-Melle · 1 establishment unit since 2018
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.
Jesuitenwegel 219090 Merelbeke-MelleGround area
615 m²
Building footprint
97 m²
Volume, LiDAR
471 m³
Parcel 44040C0342/00W002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VOSTEC
since 20182.272.312.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040C0342/00W002 | Flanders | 615 m² | 1 · 97 m² | 7.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 633 EUR awarded · 633 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 633 EUR | 633 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Arno Croisier
BE 0770.652.330
Menen · Eq €117k
JW CONSTRUCT INTERIEUR
BE 0843.697.882
Alken · Eq €117k
TURBO WORLD SERVICES
BE 0553.683.621
Antwerpen · Eq €117k
Stilix Energy Solutions
BE 0790.626.808
Evergem · Eq €117k
VEGANSA
BE 0758.509.217
Wevelgem · Eq €119k
Of 1,221 companies in sector 33200 we hold annual accounts for 675. 534 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2018
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
28990Manufacture of machinery and equipment not elsewhere classified
33140Repair and maintenance of electrical equipment
33190Repair, maintenance and installation of machinery and equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.
Contact details
2 entriesWebsite:www.vostec.be
E-mail:info@vostec.be