VSE CENTER
ActiveSummary
VSE CENTER has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €564k and a net result of €129k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+7
Solvency100▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 17.63 against 3.24 in 2024; short-term debt: 4.9% and cash: 40.1% of total assets), and 4.9% 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+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
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
95.1%
Return on assets
21.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
13 d early
2023
15 d late
2022
217 d late
2021
503 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€564k▲ 29.7%
2024 · €435k
2021: €109k
2022: €248k
2023: €336k
2024: €435k
2021 → 2025
Total assets
€593k▼ 4.1%
2024 · €619k
2021: €194k
2022: €407k
2023: €496k
2024: €619k
2021 → 2025
Net result
€129k▲ 30.1%
2024 · €99k
2021: €104k
2022: €139k
2023: €88k
2024: €99k
2021 → 2025
Working capital
€480k▲ 16.7%
2024 · €411k
2021: €80k
2022: €220k
2023: €306k
2024: €411k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€248k▲ 128%€336k▲ 35.4%€435k▲ 29.5%€564k▲ 29.7%
Operating result€144k-€172k▲ 19.3%€102k▼ 40.7%€143k▲ 40.4%€170k▲ 18.8%
Net result€104k-€139k▲ 34.2%€88k▼ 36.9%€99k▲ 13.0%€129k▲ 30.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€84k ▲ 253%
Current assets
€509k ▼ 14.4%
Equity and liabilities €593k
Equity
€564k ▲ 29.7%
Debt
€29k ▼ 84.3%
Debt's share of the balance-sheet total falls from 29.6% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€176k▲
2024 · €157k
Cash flow
€136k▲
2024 · €113k
Current ratio
17.63▲
2024 · 3.24
Quick ratio
12.73▲
2024 · 2.35
Debt to equity
0.05▼
2024 · 0.42
ROE
22.9%▲
2024 · 22.8%
ROA
21.8%▲
2024 · 16.0%
Interest coverage
20.92▼
2024 · 47.67
Debt ≤ 1 year
€29k▼
2024 · €183k
Income taxes
€45k▼
2024 · €55k
Staff costs
€52k▲
2024 · €45k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€619k€593k▼
Fixed assets21/28€24k€84k▲
Tangible fixed assets22/27€24k€84k▲
Land and buildings22€7k€6k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€3k€68k▲
Leasing and similar rights25€318-
Current assets29/58€595k€509k▼
Stocks and contracts in progress3€163k€141k▼
Stocks30/36€163k€141k▼
Amounts receivable within one year40/41€289k€117k▼
Trade receivables40€153k€104k▼
Other amounts receivable41€135k€13k▼
Cash at bank and in hand54/58€133k€238k▲
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€619k€593k▼
Equity10/15€435k€564k▲
Contributions10/11€5k€5k=
Reserves13€430k€559k▲
Distributable reserves133€430k€559k▲
Amounts payable17/49€183k€29k▼
Amounts payable within one year42/48€183k€29k▼
Trade debts44€70k€4k▼
Suppliers440/4€70k€4k▼
Taxes, remuneration and social security45€87k€16k▼
Taxes450/3€82k€10k▼
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€26k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€45k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€7k▼
Other operating charges640/8€4k€49k▲
Gross operating margin9900€206k€278k▲
Operating profit (loss)9901€143k€170k▲
Financial income75/76B€15k€13k▼
Recurring financial income75€15k€13k▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€154k€174k▲
Income taxes67/77€55k€45k▼
Profit (loss) for the period9904€99k€129k▲
Profit (loss) for the period to be appropriated9905€99k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€129k▲
Transfer to equity691/2€99k€129k▲
To other reserves6921€99k€129k▲
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 17.63
Current ratio from 3.24 to 17.63; short-term debt falls from €183k to €29k.
31-12
Financial
Equity above €500kEq €564k ▲29.7%
5 profitable years in a row build equity to €564k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 217 days late
2023
31-12
Financial
Weakest financial yearnet €88k ▼36.9%
Net result drops to €88k, the lowest in the series; recovery starts the following year.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 503 days late
2022
31-12
Financial
Highest result since 2021net €139k ▲34.2%
Operating result €172k, net result €139k, both a record.
31-12
Financial
Equity above €200kEq €248k ▲128%
2 profitable years in a row build equity to €248k.
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, Mechelen · 1 establishment unit since 2020
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.
Battelsesteenweg 3162800 MechelenGround area
1,636 m²
Building footprint
1,004 m²
Volume, LiDAR
4,173 m³
Parcel 12404F0009/00Z000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VSE CENTER
since 20202.307.708.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0009/00Z000 | Flanders | 1,636 m² | 1 · 1,004 m² | 7.4 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.
Similar companies · same sector, comparable size
GROOTHANDEL WARSON
BE 0435.157.539
Maasmechelen · Eq €566k
BELIMO Belgium
BE 0769.464.673
Grimbergen · Eq €571k
INOX SYSTEMS
BE 0830.926.447
Gent · Eq €555k
ENGELS GROUP
BE 0415.144.459
Malle · Eq €582k
ETABLISSEMENTS LECLUSE
BE 0429.229.057
Liège · Eq €538k
Of 473 companies in sector 46842 we hold annual accounts for 346. 269 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
Founded19-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46842Wholesale trade
33200Installation of industrial machinery and equipment
43211General electrical installation work
43240Other construction installation
43350Other building finishing work
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
47521Retail sale of hardware, building materials, paint and glass (general range)
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.vsecenter.be
E-mail:info@vsecenter.be