VS-Services
ActiveThe computed 12-month bankruptcy probability of VS-Services is 2.3% (moderate). The 2025 annual accounts show negative equity (€-19k) and a net result of €-5k. Equity is shrinking by ~58.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 27407 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-245.1%
Return on assets
-70.7%
Age of the figures
8 mo
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€19k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
10 d late
2024
1 d early
2023
8 d early
2022
3 d early
2021
3 d early
2020
on the day
2019
19 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k▼ 40.5%
2024 · €-13k
2018: €7k
2019: €8k
2020: €6k
2021: €-4k
2022: €-5k
2023: €-7k
2024: €-13k
2018 → 2025
Total assets
€8k▼ 34.6%
2024 · €12k
2018: €30k
2019: €33k
2020: €21k
2021: €6k
2022: €3k
2023: €12k
2024: €12k
2018 → 2025
Net result
€-5k▲ 10.8%
2024 · €-6k
2018: €6k
2019: €7k
2020: €-2k
2021: €-10k
2022: €-1k
2023: €-2k
2024: €-6k
2018 → 2025
Working capital
€-26k▼ 5.8%
2024 · €-25k
2018: €3k
2019: €2k
2020: €-80
2021: €-8k
2022: €-7k
2023: €-15k
2024: €-25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€-5k▼ 31.1%€-7k▼ 48.3%€-13k▼ 83.3%€-19k▼ 40.5%
Operating result€-10k-€-953▲ 90.2%€-2k▼ 85.0%€-5k▼ 210%€-5k▲ 12.7%
Net result€-10k-€-1k▲ 88.4%€-2k▼ 103%€-6k▼ 156%€-5k▲ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8k
Fixed assets
€8k▼ 34.6%
Current assets
€144▼ 37.1%
Key figures and ratios
EBITDA
€-812▲
2024 · €-1k
Cash flow
€-1k▲
2024 · €-2k
Solvency
-245.1%▼
2024 · -114.1%
Current ratio
0.01▼
2024 · 0.01
Quick ratio
0.01▼
2024 · 0.01
Debt / equity
-1.41▲
2024 · -1.88
ROE
28.8%▼
2024 · 45.4%
ROA
-70.7%▼
2024 · -51.8%
Interest coverage
-1.09▲
2024 · -2.50
Debt
€26k▲
2024 · €25k
Debt ≤ 1 year
€26k▲
2024 · €25k
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€12k€8k▼
Fixed assets21/28€11k€8k▼
Tangible fixed assets22/27€11k€8k▼
Plant, machinery and equipment23€243€88▼
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€662€492▼
Current assets29/58€229€144▼
Stocks and contracts in progress3€4-
Stocks30/36€4-
Amounts receivable within one year40/41€141-
Other amounts receivable41€141-
Cash at bank and in hand54/58€84€144▲
Equity and liabilities
Total equity and liabilities10/49€12k€8k▼
Equity10/15€-13k€-19k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€118€118=
Profit (loss) carried forward14€-22k€-27k▼
Amounts payable17/49€25k€26k▲
Amounts payable within one year42/48€25k€26k▲
Financial debts43€3k€4k▲
Credit institutions430/8€3k€4k▲
Trade debts44€1k€560▼
Suppliers440/4€1k€560▼
Taxes, remuneration and social security45-€22
Taxes450/3-€22
Other amounts payable47/48€21k€22k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€686€585▼
Gross operating margin9900€-805€-227▲
Operating profit (loss)9901€-5k€-5k▲
Financial income75/76B-€112
Recurring financial income75-€112
Financial charges65/66B€596€744▲
Recurring financial charges65€596€744▲
Profit (loss) for the period before taxes9903€-6k€-5k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-27k▼
Profit (loss) brought forward from the previous period14P€-15k€-22k▼
The notes to these accounts (4 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲18.9%
Net result €7k, the highest in the series.
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brecht · 1 establishment unit since 2017
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.
Hazelaarsdreef 82960 BrechtGround area
647 m²
Building footprint
151 m²
Volume, LiDAR
733 m³
Parcel 11042A0001/00X024, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hazelaarsdreef 8, 2960 Brecht
since 20172.272.401.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0001/00X024 | Flanders | 647 m² | 1 · 151 m² | 7.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.272.401.281
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Of 6,991 companies in sector 43221 we hold annual accounts for 3,445. 1,304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2017
Fiscal year end31-12
Trade name NL
SJ Services
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.