VSV TECHNICS
ActiveVSV TECHNICS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406k and a net result of €24k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
79
/ 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
Profitability83▲+1
Solvency94▲+14
Growth55▲+3
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 9.59 against 5.73 in 2024; short-term debt: 5.5% and cash: 9.3% of total assets), and 31.4% 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 · 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
68.6%
Return on assets
4.1%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
29 d late
2023
30 d late
2022
179 d late
2021
27 d late
2020
31 d late
2019
105 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€301k▲ 13.0%
2024 · €267k
2018: €486k
2019: €681k
2020: €712k
2021: €488k
2022: €311k
2023: €247k
2024: €267k
2018 → 2025
EBIT margin
12.9%▼ 1.8pp
2024 · 14.7%
2018: 8.4%
2019: 7.9%
2020: 9.1%
2021: 3.9%
2022: 21.4%
2023: 13.8%
2024: 14.7%
2018 → 2025
Net result
€24k=
2024 · €24k
2018: €23k
2019: €33k
2020: €37k
2021: €4k
2022: €42k
2023: €19k
2024: €24k
2018 → 2025
Working capital
€278k▼ 12.8%
2024 · €319k
2018: €194k
2019: €298k
2020: €358k
2021: €367k
2022: €359k
2023: €316k
2024: €319k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€488k-€311k▼ 36.2%€247k▼ 20.6%€267k▲ 8.0%€301k▲ 13.0%
Equity€296k-€339k▲ 14.3%€357k▲ 5.5%€381k▲ 6.7%€406k▲ 6.3%
Operating result€19k-€67k▲ 251%€34k▼ 48.7%€39k▲ 14.4%€39k▼ 0.9%
Net result€4k-€42k▲ 866%€19k▼ 56.1%€24k▲ 29.8%€24k=
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 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €591k
Fixed assets
€280k▼ 7.1%
Current assets
€310k▼ 19.6%
Equity and liabilities €591k
Equity
€406k▲ 6.3%
Debt
€185k▼ 39.6%
The debt ratio falls from 44.6% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▲
2024 · €97k
Cash flow
€90k▲
2024 · €82k
Solvency
68.6%▲
2024 · 55.4%
Current ratio
9.59▲
2024 · 5.73
Quick ratio
7.44▲
2024 · 4.06
Debt / equity
0.46▼
2024 · 0.80
ROE
5.9%▼
2024 · 6.3%
ROA
4.1%▲
2024 · 3.5%
Interest coverage
20.20▲
2024 · 17.84
Debt
€185k▼
2024 · €307k
Debt ≤ 1 year
€32k▼
2024 · €67k
Debt > 1 year
€153k▼
2024 · €239k
Income taxes
€10k=
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€688k€591k▼
Fixed assets21/28€302k€280k▼
Tangible fixed assets22/27€302k€280k▼
Land and buildings22€242k€202k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€56k€77k▲
Current assets29/58€386k€310k▼
Amounts receivable after more than one year29-€27k
Other amounts receivable291-€27k
Stocks and contracts in progress3€113k€70k▼
Stocks30/36€42k€42k▼
Contracts in progress37€70k€28k▼
Amounts receivable within one year40/41€149k€152k▲
Trade receivables40€148k€151k▲
Other amounts receivable41€274€2k▲
Cash at bank and in hand54/58€120k€55k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€688k€591k▼
Equity10/15€381k€406k▲
Contributions10/11€19k€19k=
Reserves13€362k€386k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€360k€384k▲
Profit (loss) carried forward14€931€931=
Amounts payable17/49€307k€185k▼
Amounts payable after more than one year17€239k€153k▼
Financial debts170/4€177k€153k▼
Other amounts payable178/9€62k€104▼
Amounts payable within one year42/48€67k€32k▼
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€12k€3k▼
Suppliers440/4€12k€3k▼
Taxes, remuneration and social security45€28k€2k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€25k-
Income statement
Code20242025
Turnover70€267k€301k▲
Goods, raw materials, services and sundry goods60/61€166k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€66k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€101k€109k▲
Operating profit (loss)9901€39k€39k▼
Financial income75/76B€192€274▲
Recurring financial income75€192€274▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€34k€34k=
Income taxes67/77€10k€10k=
Profit (loss) for the period9904€24k€24k=
Profit (loss) for the period to be appropriated9905€24k€24k=
Appropriation of the result
Profit (loss) to be appropriated9906€25k€25k=
Profit (loss) brought forward from the previous period14P€931€931=
Transfer to equity691/2€24k€24k=
To other reserves6921€24k€24k=
The notes to these accounts (8 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
2022
31-12
Financial
Highest result since 2018net €42k ▲866%
Operating result €67k, net result €42k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼88.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 121 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
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, Koekelare · 1 establishment unit since 2010
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.
Barnestraat 18680 KoekelareGround area
1.8 ha
Building footprint
7,744 m²
Volume, LiDAR
45,314 m³
Parcel 32010A1256/00D000, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VSV Technics
since 20102.186.270.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A1256/00D000 | Flanders | 1.8 ha | 1 · 7,744 m² | 13.3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 968 EUR awarded · 968 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 968 EUR | 968 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Kontich · Eq €406k
WA-RM
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Etablissements Hervé HUBERT et fils
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INSTALLATIEBEDRIJF DE PAEPE TOM
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Wingene · Eq €404k
Of 7,038 companies in sector 43221 we hold annual accounts for 3,469. 2,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2010
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.