VS TECHNICS
ActiveThe computed 12-month bankruptcy probability of VS TECHNICS is 1.6% (moderate). The 2025 annual accounts show equity of €544k and a net result of €68k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 27619 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-1
Solvency96▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.84 against 3.63 in 2024; short-term debt: 23.8% and cash: 77.6% of total assets), and 28.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
71.3%
Return on assets
8.9%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
33 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€544k▲ 14.3%
2024 · €476k
2019: €100k
2020: €217k
2021: €268k
2022: €306k
2023: €410k
2024: €476k
2019 → 2025
Total assets
€762k▲ 10.3%
2024 · €691k
2019: €228k
2020: €404k
2021: €519k
2022: €538k
2023: €636k
2024: €691k
2019 → 2025
Net result
€68k▲ 3.2%
2024 · €66k
2019: €87k
2020: €127k
2021: €51k
2022: €38k
2023: €104k
2024: €66k
2019 → 2025
Working capital
€517k▲ 15.1%
2024 · €449k
2019: €100k
2020: €216k
2021: €252k
2022: €288k
2023: €389k
2024: €449k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€306k▲ 14.3%€410k▲ 34.0%€476k▲ 16.1%€544k▲ 14.3%
Operating result€71k-€55k▼ 22.7%€144k▲ 163%€92k▼ 35.7%€94k▲ 1.8%
Net result€51k-€38k▼ 24.2%€104k▲ 172%€66k▼ 36.7%€68k▲ 3.2%
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 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €762k
Fixed assets
€64k▼ 11.0%
Current assets
€698k▲ 12.7%
Equity and liabilities €762k
Equity
€544k▲ 14.3%
Debt
€219k▲ 1.4%
The debt ratio falls from 31.2% to 28.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▲
2024 · €99k
Cash flow
€76k▲
2024 · €72k
Solvency
71.3%▲
2024 · 68.8%
Current ratio
3.84▲
2024 · 3.63
Quick ratio
3.84▲
2024 · 3.63
Debt / equity
0.40▼
2024 · 0.45
ROE
12.5%▼
2024 · 13.8%
ROA
8.9%▼
2024 · 9.5%
Interest coverage
69.67▲
2024 · 52.35
Debt
€219k▲
2024 · €216k
Debt ≤ 1 year
€182k▲
2024 · €171k
Debt > 1 year
€37k▼
2024 · €45k
Income taxes
€25k▲
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€691k€762k▲
Fixed assets21/28€72k€64k▼
Tangible fixed assets22/27€72k€64k▼
Land and buildings22€68k€64k▼
Plant, machinery and equipment23€658€547▼
Furniture and vehicles24€3k-
Current assets29/58€620k€698k▲
Amounts receivable within one year40/41€95k€106k▲
Trade receivables40€85k€97k▲
Other amounts receivable41€10k€9k▼
Cash at bank and in hand54/58€523k€591k▲
Deferred charges and accrued income490/1€921€946▲
Equity and liabilities
Total equity and liabilities10/49€691k€762k▲
Equity10/15€476k€544k▲
Contributions10/11€12k€12k=
Profit (loss) carried forward14€463k€531k▲
Amounts payable17/49€216k€219k▲
Amounts payable after more than one year17€45k€37k▼
Financial debts170/4€45k€37k▼
Amounts payable within one year42/48€171k€182k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€49k€39k▼
Suppliers440/4€49k€39k▼
Advances received on contracts in progress46-€66k
Taxes, remuneration and social security45€64k€50k▼
Taxes450/3€64k€50k▼
Other amounts payable47/48€50k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€100k€103k▲
Operating profit (loss)9901€92k€94k▲
Financial income75/76B€8€140▲
Recurring financial income75€8€140▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€91k€93k▲
Income taxes67/77€25k€25k▲
Profit (loss) for the period9904€66k€68k▲
Profit (loss) for the period to be appropriated9905€66k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€463k€531k▲
Profit (loss) brought forward from the previous period14P€398k€463k▲
The notes to these accounts (5 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €544k ▲14.3%
7 profitable years in a row build equity to €544k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €38k ▼24.2%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2019net €127k ▲45%
Operating result €169k, net result €127k, both a record.
31-12
Financial
Equity above €200kEq €217k ▲118%
2 profitable years in a row build equity to €217k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lierde · 1 establishment unit since 2019
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.
Hoogstraat 809570 LierdeGround area
743 m²
Building footprint
141 m²
Volume, LiDAR
595 m³
Parcel 45050B0935/00F000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VS TECHNICS
since 20192.285.210.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45050B0935/00F000 | Flanders | 743 m² | 1 · 141 m² | 6.4 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.
Similar companies · same sector, comparable size
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SANIFRO
BE 0542.403.412
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WATER-L'EAU - CHAUFFAGE ET PLOMBERIE - SANITAIR EN VERWARMING - WATER -L'EAU
BE 0879.991.720
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SOEN DAVID
BE 0889.378.944
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Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 2,255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-02-2019
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.