VSEM Technicus
ActiveThe computed 12-month bankruptcy probability of VSEM Technicus is 2.0% (moderate). The 2025 annual accounts show equity of €79k and a net result of €10k. Equity is growing by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 7332 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.2 against 3.31 in 2024; short-term debt: 15.7% and cash: 12.8% of total assets), and 15.7% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
84.3%
Return on assets
11%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
14 d late
2023
23 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 15.0%
2024 · €68k
2023: €30k
2024: €68k
2023 → 2025
Total assets
€93k▲ 5.2%
2024 · €89k
2023: €78k
2024: €89k
2023 → 2025
Net result
€10k▼ 73.1%
2024 · €38k
2023: €25k
2024: €38k
2023 → 2025
Working capital
€47k▼ 0.2%
2024 · €47k
2023: €4k
2024: €47k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€30k-€68k▲ 126%€79k▲ 15.0%
Operating result€35k-€48k▲ 37.4%€14k▼ 70.7%
Net result€25k-€38k▲ 50.9%€10k▼ 73.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€32k▲ 48.3%
Current assets
€61k▼ 8.5%
Equity and liabilities €93k
Equity
€79k▲ 15.0%
Debt
€15k▼ 27.9%
The debt ratio falls from 22.9% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2024 · €55k
Cash flow
€20k▼
2024 · €45k
Solvency
84.3%▲
2024 · 77.1%
Current ratio
4.20▲
2024 · 3.31
Quick ratio
2.94▼
2024 · 3.31
Debt / equity
0.19▼
2024 · 0.30
ROE
13.1%▼
2024 · 55.7%
ROA
11.0%▼
2024 · 43.0%
Interest coverage
20.75▼
2024 · 1255.26
Debt
€15k▼
2024 · €20k
Debt ≤ 1 year
€15k▼
2024 · €20k
Income taxes
€3k▼
2024 · €10k
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€89k€93k▲
Fixed assets21/28€21k€32k▲
Tangible fixed assets22/27€21k€32k▲
Plant, machinery and equipment23€10k€24k▲
Furniture and vehicles24€11k€8k▼
Financial fixed assets28€40-
Current assets29/58€67k€61k▼
Stocks and contracts in progress3-€18k
Stocks30/36-€18k
Amounts receivable within one year40/41€8k€16k▲
Trade receivables40€8k€8k▼
Other amounts receivable41€1€8k▲
Cash at bank and in hand54/58€58k€12k▼
Deferred charges and accrued income490/1€406€15k▲
Equity and liabilities
Total equity and liabilities10/49€89k€93k▲
Equity10/15€68k€79k▲
Contributions10/11€5k€5k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€38k€49k▲
Amounts payable17/49€20k€15k▼
Amounts payable within one year42/48€20k€15k▼
Trade debts44€1k€55▼
Suppliers440/4€1k€55▼
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€12k€8k▼
Other amounts payable47/48€7k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€204€416▲
Gross operating margin9900€55k€24k▼
Operating profit (loss)9901€48k€14k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€44€1k▲
Recurring financial charges65€44€1k▲
Profit (loss) for the period before taxes9903€48k€13k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€38k€10k▼
Profit (loss) for the period to be appropriated9905€38k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€49k▲
Profit (loss) brought forward from the previous period14P€246€38k▲
The notes to these accounts (6 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
Weakest financial yearnet €10k ▼73.1%
Net result drops to €10k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2023net €38k ▲50.9%
Operating result €48k, net result €38k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.31
Current ratio from 1.08 to 3.31; short-term debt falls from €48k to €20k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Lebbeke · 1 establishment unit since 2023
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 Breestraat 279280 LebbekeGround area
355 m²
Building footprint
94 m²
Volume, LiDAR
584 m³
Parcel 42322D0620/00R000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VSEM Technicus
since 20232.341.085.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322D0620/00R000 | Flanders | 355 m² | 1 · 94 m² | 9.7 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.
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 13,192 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.