VSB MACHINES
ActiveSummary
VSB MACHINES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280k and a net result of €123k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+11
Solvency64▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.04 in 2024; short-term debt: 7.4% and cash: 6.6% of total assets), but 61.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
38.8%
Return on assets
17%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
32 d early
2022
27 d early
2021
33 d early
2020
21 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€280k▲ 76.2%
2024 · €159k
2018: €56k
2019: €74k
2020: €77k
2021: €101k
2022: €112k
2023: €133k
2024: €159k
2018 → 2025
Total assets
€721k▲ 119%
2024 · €330k
2018: €235k
2019: €309k
2020: €324k
2021: €337k
2022: €346k
2023: €336k
2024: €330k
2018 → 2025
Net result
€123k▲ 346%
2024 · €28k
2018: €25k
2019: €18k
2020: €6k
2021: €25k
2022: €13k
2023: €22k
2024: €28k
2018 → 2025
Working capital
€65k▲ 42.4%
2024 · €46k
2018: €45k
2019: €21k
2020: €-32k
2021: €27k
2022: €63k
2023: €37k
2024: €46k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€112k▲ 11.4%€133k▲ 18.5%€159k▲ 19.4%€280k▲ 76.2%
Operating result€40k-€23k▼ 41.9%€37k▲ 61.2%€46k▲ 23.8%€173k▲ 276%
Net result€25k-€13k▼ 47.7%€22k▲ 70.8%€28k▲ 23.1%€123k▲ 346%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 276% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €721k
Fixed assets
€602k ▲ 151%
Current assets
€119k ▲ 32.3%
Equity and liabilities €721k
Equity
€280k ▲ 76.2%
Provisions
€36k
Debt
€405k ▲ 137%
Debt's share of the balance-sheet total rises from 51.9% to 56.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€227k▲
2024 · €90k
Cash flow
€177k▲
2024 · €71k
Current ratio
2.21▲
2024 · 2.04
Quick ratio
1.34▲
2024 · 1.18
Debt to equity
1.45▲
2024 · 1.08
ROE
43.9%▲
2024 · 17.3%
ROA
17.0%▲
2024 · 8.3%
Interest coverage
17.20▼
2024 · 18.03
Debt ≤ 1 year
€54k▲
2024 · €44k
Debt > 1 year
€349k▲
2024 · €126k
Income taxes
€2k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€330k€721k▲
Fixed assets21/28€240k€602k▲
Tangible fixed assets22/27€240k€601k▲
Land and buildings22€134k€530k▲
Plant, machinery and equipment23€28k€16k▼
Furniture and vehicles24€77k€56k▼
Financial fixed assets28€430€930▲
Current assets29/58€90k€119k▲
Stocks and contracts in progress3€38k€47k▲
Stocks30/36€38k€47k▲
Amounts receivable within one year40/41€28k€24k▼
Trade receivables40€28k€17k▼
Other amounts receivable41€50€7k▲
Cash at bank and in hand54/58€21k€48k▲
Deferred charges and accrued income490/1€2k€373▼
Equity and liabilities
Total equity and liabilities10/49€330k€721k▲
Equity10/15€159k€280k▲
Contributions10/11€6k€6k=
Reserves13€142k€264k▲
Tax-exempt reserves132-€108k
Distributable reserves133€142k€156k▲
Profit (loss) carried forward14€11k€9k▼
Provisions and deferred taxes16-€36k
Deferred taxes168-€36k
Amounts payable17/49€171k€405k▲
Amounts payable after more than one year17€126k€349k▲
Financial debts170/4€103k€326k▲
Other amounts payable178/9€23k€23k=
Amounts payable within one year42/48€44k€54k▲
Current portion of amounts payable after more than one year42€12k€24k▲
Trade debts44€15k€21k▲
Suppliers440/4€15k€21k▲
Advances received on contracts in progress46-€949
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€14k€5k▼
Other amounts payable47/48€3k€3k▲
Accrued charges and deferred income492/3€513€3k▲
Income statement
Code20242025
Non-recurring operating income76A€10k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€54k▲
Other operating charges640/8€3k€17k▲
Non-recurring operating charges66A€298-
Gross operating margin9900€92k€244k▲
Operating profit (loss)9901€46k€173k▲
Financial income75/76B€354€504▲
Recurring financial income75€354€504▲
Financial charges65/66B€5k€13k▲
Recurring financial charges65€5k€13k▲
Profit (loss) for the period before taxes9903€41k€160k▲
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680-€37k
Income taxes67/77€14k€2k▼
Profit (loss) for the period9904€28k€123k▲
Transfer from tax-exempt reserves789-€4k
Transfer to tax-exempt reserves689-€112k
Profit (loss) for the period to be appropriated9905€28k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€25k▼
Profit (loss) brought forward from the previous period14P€12k€11k▼
Transfer to equity691/2€28k€14k▼
To other reserves6921€28k€14k▼
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
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
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €123k ▲346%
Operating result €173k, net result €123k, both a record.
30-09
Financial
Equity above €200kEq €280k ▲76.2%
8 profitable years in a row build equity to €280k.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150kEq €159k ▲19.4%
7 profitable years in a row build equity to €159k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 1.43
Current ratio from 0.63 to 1.43; short-term debt falls from €86k to €62k.
30-09
Financial
Equity above €100kEq €101k ▲30.3%
4 profitable years in a row build equity to €101k.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €6k ▼65.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
Show earlier events
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Pelt · 1 establishment unit since 2001
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.
Aambeeldstraat 33900 PeltGround area
229 m²
Building footprint
377 m²
Parcel 72502E0658/00D003, Flanders. Linked by address, not a title deed.
1 establishment unit
VSB Machines
since 20012.100.136.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0658/00D003 | Flanders | 229 m² | 1 · 377 m² | - |
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 · 2 entries · 6,312 EUR awarded · 6,224 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 6,312 EUR | 6,224 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2000
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
33190Repair, maintenance and installation of machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.