VS-Technics
ActiveThe computed 12-month bankruptcy probability of VS-Technics is 2.9% (moderate). The 2024 annual accounts show equity of €48k and a net result of €-16k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-67
Solvency65▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.73 against 0.94 in 2023; short-term debt: 60.2% and cash: 0% of total assets), and 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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
39.8%
Return on assets
-13.6%
Age of the figures
21 mo
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 01-07-2025, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
29 d early
2022
28 d early
2021
30 d early
2020
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€48k▼ 25.4%
2023 · €65k
2020: €27k
2021: €51k
2022: €52k
2023: €65k
2020 → 2024
Total assets
€122k▼ 3.2%
2023 · €126k
2020: €97k
2021: €110k
2022: €154k
2023: €126k
2020 → 2024
Net result
€-16k
2023 · €13k
2020: €22k
2021: €25k
2022: €25k
2023: €13k
2020 → 2024
Working capital
€-20k▼ 451%
2023 · €-4k
2020: €-9k
2021: €-14k
2022: €-6k
2023: €-4k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€51k▲ 92.7%€52k▲ 1.6%€65k▲ 24.6%€48k▼ 25.4%
Operating result€28k-€31k▲ 13.5%€34k▲ 8.7%€20k▼ 42.0%€-13k
Net result€22k-€25k▲ 14.1%€25k▲ 0.6%€13k▼ 48.4%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €20k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€68k▼ 4.6%
Current assets
€54k▼ 1.3%
Equity and liabilities €122k
Equity
€48k▼ 25.4%
Debt
€73k▲ 20.6%
The debt ratio rises from 48.3% to 60.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2023 · €44k
Cash flow
€2k▼
2023 · €37k
Solvency
39.8%▼
2023 · 51.7%
Current ratio
0.73▼
2023 · 0.94
Quick ratio
0.62▼
2023 · 0.76
Debt / equity
1.51▲
2023 · 0.94
ROE
-34.1%▼
2023 · 19.7%
ROA
-13.6%▼
2023 · 10.2%
Interest coverage
1.48▼
2023 · 28.11
Debt
€73k▲
2023 · €61k
Debt ≤ 1 year
€73k▲
2023 · €58k
Debt > 1 year
€0▼
2023 · €3k
Income taxes
€128▼
2023 · €6k
Staff costs
€51k
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€126k€122k▼
Fixed assets21/28€71k€68k▼
Tangible fixed assets22/27€71k€68k▼
Land and buildings22€17k€16k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€47k€50k▲
Current assets29/58€54k€54k▼
Stocks and contracts in progress3€11k€8k▼
Stocks30/36€11k€8k▼
Amounts receivable within one year40/41€19k€40k▲
Trade receivables40€12k€26k▲
Other amounts receivable41€7k€14k▲
Cash at bank and in hand54/58€23k€0▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€126k€122k▼
Equity10/15€65k€48k▼
Contributions10/11€5k€5k=
Reserves13€60k€43k▼
Distributable reserves133€60k€43k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€61k€73k▲
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€58k€73k▲
Current portion of amounts payable after more than one year42€18k€3k▼
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€26k€23k▼
Suppliers440/4€26k€23k▼
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€9k€0▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€5k€13k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62-€51k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€18k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€47k€58k▲
Operating profit (loss)9901€20k€-13k▼
Financial income75/76B€326€151▼
Recurring financial income75€326€151▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€19k€-16k▼
Income taxes67/77€6k€128▼
Profit (loss) for the period9904€13k€-16k▼
Profit (loss) for the period to be appropriated9905€13k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-16k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼229%
Net result drops to €-16k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €25k ▲0.6%
Operating result €34k, net result €25k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zoersel · 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.
Korte Kievitstraat 62980 ZoerselGround area
1,187 m²
Building footprint
146 m²
Volume, LiDAR
415 m³
Parcel 11055A0457/00P000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VS-Technics
since 20192.295.628.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055A0457/00P000 | Flanders | 1,187 m² | 1 · 146 m² | 3.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 450 EUR awarded · 450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,525 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2019
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
28250Manufacture of machinery and equipment not elsewhere classified
86906Human health activities
86940Nursing and midwifery
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.