VSLA
ActiveSummary
The computed 12-month bankruptcy probability of VSLA is 1.9% (moderate). The 2025 annual accounts show equity of €69k and a net result of €10k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 27786 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+81
Solvency94▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 4.16 in 2024; short-term debt: 30.6% and cash: 5.3% of total assets), and 30.6% of the assets are financed with debt.
Credit advice 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
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
69.4%
Return on assets
10.1%
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 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
7 d early
2022
23 d early
2021
9 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
€69k▲ 17.0%
2024 · €59k
2021: €30k
2022: €62k
2023: €91k
2024: €59k
2021 → 2025
Total assets
€99k▲ 29.2%
2024 · €76k
2021: €46k
2022: €83k
2023: €115k
2024: €76k
2021 → 2025
Net result
€10k
2024 · €-33k
2021: €18k
2022: €32k
2023: €29k
2024: €-33k
2021 → 2025
Working capital
€67k▲ 19.0%
2024 · €57k
2021: €29k
2022: €62k
2023: €71k
2024: €57k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€62k▲ 107%€91k▲ 46.8%€59k▼ 35.9%€69k▲ 17.0%
Operating result€18k-€38k▲ 114%€39k▲ 2.5%€-23k€12k
Net result€18k-€32k▲ 83.9%€29k▼ 9.6%€-33k€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€1k ▼ 39.7%
Current assets
€98k ▲ 31.0%
Equity and liabilities €99k
Equity
€69k ▲ 17.0%
Debt
€30k ▲ 69.0%
Debt's share of the balance-sheet total rises from 23.4% to 30.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▲
2024 · €-22k
Cash flow
€11k▲
2024 · €-32k
Current ratio
3.22▼
2024 · 4.16
Quick ratio
2.24▼
2024 · 2.27
Debt to equity
0.44▲
2024 · 0.31
ROE
14.5%▲
2024 · -56.1%
ROA
10.1%▲
2024 · -43.0%
Interest coverage
9.87▲
2024 · -126.14
Debt ≤ 1 year
€30k▲
2024 · €18k
Income taxes
€459▼
2024 · €10k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€76k€99k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€523€69▼
Current assets29/58€74k€98k▲
Stocks and contracts in progress3€34k€30k▼
Stocks30/36€14k€20k▲
Contracts in progress37€20k€10k▼
Amounts receivable within one year40/41€37k€63k▲
Trade receivables40€11k€33k▲
Other amounts receivable41€26k€30k▲
Cash at bank and in hand54/58€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€76k€99k▲
Equity10/15€59k€69k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€46k€56k▲
Amounts payable17/49€18k€30k▲
Amounts payable within one year42/48€18k€30k▲
Trade debts44€18k€30k▲
Suppliers440/4€18k€30k▲
Taxes, remuneration and social security45€0-
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€855€785▼
Other operating charges640/8€2k€904▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€-18k€14k▲
Operating profit (loss)9901€-23k€12k▲
Financial income75/76B€330-
Recurring financial income75€330-
Financial charges65/66B€173€2k▲
Recurring financial charges65€173€1k▲
Non-recurring financial charges66B-€732
Profit (loss) for the period before taxes9903€-23k€10k▲
Income taxes67/77€10k€459▼
Profit (loss) for the period9904€-33k€10k▲
Profit (loss) for the period to be appropriated9905€-33k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€56k▲
Profit (loss) brought forward from the previous period14P€79k€46k▼
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-33k ▼213%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2021net €32k ▲83.9%
Net result €32k, the highest in the series.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Deinze · 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.
Mortierstraat 129850 DeinzeGround area
2,383 m²
Building footprint
122 m²
Volume, LiDAR
409 m³
Parcel 44056A0525/00A000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VSLA
since 20202.304.006.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44056A0525/00A000 | Flanders | 2,383 m² | 1 · 122 m² | 5.4 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
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VAN DYCK Elektriciteit
BE 0627.792.512
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LVV
BE 1005.917.417
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PASTEC - Management, Installation and Technology
BE 0537.158.779
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,756 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
Founded18-06-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.