VS ENGINEERING
ActiveSummary
For VS ENGINEERING, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €95,216 and a net result of €84,705. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 20782 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability100▲+15
Solvency69▲+39
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.7%
Return on assets
38.8%
Age of the figures
30 mo
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 333 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 19-05-2025, 200 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
200 d late
2023
566 d late
2022
931 d late
2021
351 d late
2020
on the day
2019
43 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 349 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 oldest company in Andenne, Telecoms and IT sector#10 company by total assets in Andenne, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84,705▲ 204%
2023 · €27,825
Working capital
€87,644▲ 4,498%
2023 · €1,906
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€116,408€72,940-€22,598€28,455€85,415▲ 200%
Net result-€195,471below the sector's middle half€71,625within the sector's middle half-€23,491below the sector's middle half€27,825within the sector's middle half€84,705above the sector's middle half▲ 204%
Equity-€65,447below the sector's middle half€6,178below the sector's middle half-€17,314below the sector's middle half€10,511below the sector's middle half€95,216within the sector's middle half▲ 806%
Total assets€410,559above the sector's middle half▼ 12.8%€217,933within the sector's middle half▼ 46.9%€179,340within the sector's middle half▼ 17.7%€208,977within the sector's middle half▲ 16.5%€218,051within the sector's middle half▲ 4.3%
Debt€476,006▲ 39.7%€211,755▼ 55.5%€196,654▼ 7.1%€198,466▲ 0.9%€122,835▼ 38.1%
Working capital-€69,742below the sector's middle half€1,883below the sector's middle half-€23,399below the sector's middle half€1,906below the sector's middle half€87,644within the sector's middle half▲ 4,498%
Solvency-15.9%below the sector's middle half▼ 43.6pp2.8%below the sector's middle half▲ 18.8pp-9.7%below the sector's middle half▼ 12.5pp5.0%below the sector's middle half▲ 14.7pp43.7%within the sector's middle half▲ 38.6pp
Current ratio0.85below the sector's middle half▼ 0.511.01below the sector's middle half▲ 0.160.88below the sector's middle half▼ 0.131.01below the sector's middle half▲ 0.131.71within the sector's middle half▲ 0.70
Return on assets (ROA)-47.6%below the sector's middle half▼ 78.5pp32.9%above the sector's middle half▲ 80.5pp-13.1%below the sector's middle half▼ 46.0pp13.3%within the sector's middle half▲ 26.4pp38.8%above the sector's middle half▲ 25.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 200% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €218,051
Fixed assets
€7,573 ▼ 12.0%
Current assets
€210,479 ▲ 5.0%
Equity and liabilities €218,051
Equity
€95,216 ▲ 806%
Debt
€122,835 ▼ 38.1%
Debt's share of the balance-sheet total falls from 95.0% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,448▲
2023 · €29,436
Cash flow
€85,737▲
2023 · €28,806
Debt to equity
1.29▼
2023 · 18.88
ROE
89.0%▼
2023 · 264.7%
Interest coverage
143.38▲
2023 · 96.17
Debt ≤ 1 year
€122,835▼
2023 · €198,466
Income taxes
€273▼
2023 · €336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,303 | - | €19 | €981 | €1,033 | ▲ 5.3% |
| Other operating charges640/8 | - | €1,370 | €911 | €817 | €952 | ▲ 16.5% |
| Gross operating margin9900 | -€112,806 | €74,310 | -€21,668 | €30,253 | €87,399 | ▲ 189% |
| Operating profit (loss)9901 | -€116,408 | €72,940 | -€22,598 | €28,455 | €85,415 | ▲ 200% |
| Financial income75/76B | - | €1 | €1 | €11 | €165 | ▲ 1,376% |
| Recurring financial income75 | €28 | €1 | €1 | €11 | €165 | ▲ 1,376% |
| Financial charges65/66B | - | €689 | €365 | €306 | €603 | ▲ 97.0% |
| Recurring financial charges65 | €1,090 | €689 | €365 | €306 | €603 | ▲ 97.0% |
| Profit (loss) for the period before taxes9903 | -€195,498 | €72,252 | -€22,962 | €28,161 | €84,978 | ▲ 202% |
| Income taxes67/77 | -€27 | €628 | €529 | €336 | €273 | ▼ 18.8% |
| Profit (loss) for the period9904 | -€195,471 | €71,625 | -€23,491 | €27,825 | €84,705 | ▲ 204% |
| Profit (loss) for the period to be appropriated9905 | -€195,471 | €71,625 | -€23,491 | €27,825 | €84,705 | ▲ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €410,559 | €217,933 | €179,340 | €208,977 | €218,051 | ▲ 4.3% |
| Fixed assets21/28 | €4,295 | €4,295 | €6,086 | €8,605 | €7,573 | ▼ 12.0% |
| Tangible fixed assets22/27 | - | - | €1,791 | €4,310 | €3,277 | ▼ 24.0% |
| Land and buildings22 | - | - | €1,791 | €1,610 | €1,429 | ▼ 11.2% |
| Furniture and vehicles24 | - | - | - | €2,700 | €1,849 | ▼ 31.5% |
| Financial fixed assets28 | €4,295 | €4,295 | €4,295 | €4,295 | €4,295 | = |
| Current assets29/58 | €406,264 | €213,638 | €173,255 | €200,372 | €210,479 | ▲ 5.0% |
| Amounts receivable within one year40/41 | €286,035 | €60,053 | €30,383 | €29,479 | €13,943 | ▼ 52.7% |
| Trade receivables40 | - | €54,867 | €30,383 | €29,479 | €13,943 | ▼ 52.7% |
| Other amounts receivable41 | - | €5,186 | - | - | - | - |
| Cash at bank and in hand54/58 | €119,298 | €152,138 | €141,319 | €170,226 | €195,301 | ▲ 14.7% |
| Deferred charges and accrued income490/1 | - | €1,447 | €1,552 | €667 | €1,235 | ▲ 85.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €410,559 | €217,933 | €179,340 | €208,977 | €218,051 | ▲ 4.3% |
| Equity10/15 | -€65,447 | €6,178 | -€17,314 | €10,511 | €95,216 | ▲ 806% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | €9,860 | ▲ 23.3% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€75,307 | -€3,682 | -€27,174 | €651 | €85,356 | ▲ 13,005% |
| Amounts payable17/49 | €476,006 | €211,755 | €196,654 | €198,466 | €122,835 | ▼ 38.1% |
| Amounts payable within one year42/48 | €476,006 | €211,755 | €196,654 | €198,466 | €122,835 | ▼ 38.1% |
| Trade debts44 | €221,285 | €82,825 | €78,721 | €79,455 | - | - |
| Suppliers440/4 | - | €82,825 | €78,721 | €79,455 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €2,531 | €4,700 | €4,878 | €9,775 | ▲ 100% |
| Taxes450/3 | - | €2,531 | €4,700 | €4,878 | €9,775 | ▲ 100% |
| Other amounts payable47/48 | - | €126,399 | €113,233 | €114,133 | €113,060 | ▼ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€195,471 | €71,625 | -€23,491 | €27,825 | €84,705 | ▲ 204% |
| + Depreciation and write-downs630 | €2,303 | - | €19 | €981 | €1,033 | ▲ 5.3% |
| Operating cash flow (approximation) | -€193,168 | €71,625 | -€23,473 | €28,806 | €85,737 | ▲ 198% |
| Investment in fixed assets (approximation) | - | €0 | -€1,809 | -€3,500 | €0 | ▲ 100% |
| Change in cash | - | €32,840 | -€10,819 | €28,907 | €25,075 | ▼ 13.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 200 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 566 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 931 days late
2023
31-03
Financial
Back to profitnet €27,825
Net result €27,825 after one loss-making year.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 351 days late
2021
31-03
Financial
Back to profitnet €71,625
Net result €71,625 after one loss-making year.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€195,471
Net result drops to -€195,471, the lowest in the series; recovery starts the following year.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 773 days late
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
22-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Andenne · 1 establishment unit since 2007
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.
Rue Is. Parmentier 2905300 Andenne1 establishment unit
VS ENGINEERING
since 20072.159.674.316
Recognitions · licences · registrations
Legal Entity Identifier
2549001GE1D0UAW1OL29
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,746. 1,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-01-2007
Fiscal year end31-03
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Contact
E-mail
Michel.Gaye@VS-Engineering.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886761132
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.