VTB
ActiveSummary
VTB has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,608 and a net result of -€12,347. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-18
Solvency47▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.63 against 1.07 in 2024; short-term debt: 28.3% and cash: 0% of total assets), and 77.7% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
-4.4%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d early
2023
61 d late
2022
60 d late
2021
16 d early
2020
1 d early
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€62,608▼ 16.5%
2024 · €74,955
Total assets
€281,148▼ 0.5%
2024 · €282,444
Net result
-€12,347
2024 · €7,502
Working capital
-€29,378
2024 · €6,098
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,461▲ 401%€50,467▲ 189%€11,188▼ 77.8%€20,263▲ 81.1%-€3,508
Net result€8,798€37,620▲ 328%€4,382▼ 88.4%€7,502▲ 71.2%-€12,347
Equity€33,203▲ 36.1%€63,071▲ 90.0%€67,454▲ 6.9%€74,955▲ 11.1%€62,608▼ 16.5%
Total assets€211,386▼ 11.5%€326,711▲ 54.6%€317,899▼ 2.7%€282,444▼ 11.2%€281,148▼ 0.5%
Debt€178,183▼ 16.9%€263,639▲ 48.0%€250,445▼ 5.0%€207,489▼ 17.2%€218,540▲ 5.3%
Working capital-€4,589▲ 75.7%-€20,047▼ 337%-€44,957▼ 124%€6,098-€29,378
Staff (FTE)0.9▲ 800%1▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +55% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,508 after €20,263 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,148
Fixed assets
€231,080 ▲ 21.8%
Current assets
€50,068 ▼ 46.0%
Equity and liabilities €281,148
Equity
€62,608 ▼ 16.5%
Debt
€218,540 ▲ 5.3%
Debt's share of the balance-sheet total rises from 73.5% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43,348▼
2024 · €61,660
Cash flow
€34,509▼
2024 · €48,899
Current ratio
0.63▼
2024 · 1.07
Quick ratio
0.43▼
2024 · 0.89
Debt to equity
3.49▲
2024 · 2.77
ROE
-19.7%▼
2024 · 10.0%
ROA
-4.4%▼
2024 · 2.7%
Interest coverage
4.93▼
2024 · 7.60
Debt ≤ 1 year
€79,446▼
2024 · €86,650
Debt > 1 year
€139,094▲
2024 · €120,839
Income taxes
€329▼
2024 · €4,742
Staff costs
€447▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,164 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,450 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1,354 | €1,426 | €3,550 | €0 | €447 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,065 | €40,961 | €45,045 | €41,397 | €46,856 | ▲ 13.2% |
| Other operating charges640/8 | €2,254 | €1,411 | €2,583 | €2,074 | €1,656 | ▼ 20.1% |
| Gross operating margin9900 | €62,134 | €94,264 | €62,366 | €63,734 | €45,451 | ▼ 28.7% |
| Operating profit (loss)9901 | €17,461 | €50,467 | €11,188 | €20,263 | -€3,508 | ▼ 117% |
| Financial income75/76B | €161 | €151 | €125 | €93 | €274 | ▲ 195% |
| Recurring financial income75 | €161 | €151 | €125 | €93 | €274 | ▲ 195% |
| Financial charges65/66B | €5,424 | €5,941 | €5,752 | €8,112 | €8,784 | ▲ 8.3% |
| Recurring financial charges65 | €5,424 | €5,941 | €5,752 | €8,112 | €8,784 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €12,198 | €44,677 | €5,560 | €12,243 | -€12,017 | ▼ 198% |
| Income taxes67/77 | €3,400 | €7,057 | €1,178 | €4,742 | €329 | ▼ 93.1% |
| Profit (loss) for the period9904 | €8,798 | €37,620 | €4,382 | €7,502 | -€12,347 | ▼ 265% |
| Profit (loss) for the period to be appropriated9905 | €8,798 | €37,620 | €4,382 | €7,502 | -€12,347 | ▼ 265% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,386 | €326,711 | €317,899 | €282,444 | €281,148 | ▼ 0.5% |
| Fixed assets21/28 | €170,923 | €271,768 | €265,079 | €189,697 | €231,080 | ▲ 21.8% |
| Intangible fixed assets21 | €1,697 | €600 | €0 | - | - | - |
| Tangible fixed assets22/27 | €169,226 | €271,168 | €265,079 | €189,697 | €231,080 | ▲ 21.8% |
| Land and buildings22 | €134,439 | €120,894 | €107,348 | €95,357 | €88,375 | ▼ 7.3% |
| Plant, machinery and equipment23 | €2,972 | €19,255 | €15,294 | €12,741 | €8,486 | ▼ 33.4% |
| Furniture and vehicles24 | €6,917 | €2,523 | €37,593 | €408 | €1,482 | ▲ 263% |
| Leasing and similar rights25 | €24,897 | €128,497 | €104,844 | €81,191 | €132,737 | ▲ 63.5% |
| Current assets29/58 | €40,463 | €54,942 | €52,820 | €92,747 | €50,068 | ▼ 46.0% |
| Stocks and contracts in progress3 | €9,500 | €8,450 | €8,550 | €15,280 | €16,218 | ▲ 6.1% |
| Stocks30/36 | €9,500 | €8,450 | €8,550 | €12,700 | €15,120 | ▲ 19.1% |
| Contracts in progress37 | - | - | - | €2,580 | €1,098 | ▼ 57.4% |
| Amounts receivable within one year40/41 | €24,737 | €34,408 | €34,611 | €56,408 | €32,149 | ▼ 43.0% |
| Trade receivables40 | €24,737 | €32,207 | €30,763 | €55,086 | €32,149 | ▼ 41.6% |
| Other amounts receivable41 | €0 | €2,202 | €3,848 | €1,322 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,358 | €12,084 | €7,753 | €19,248 | €105 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | €2,869 | €0 | €1,905 | €1,811 | €1,596 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,386 | €326,711 | €317,899 | €282,444 | €281,148 | ▼ 0.5% |
| Equity10/15 | €33,203 | €63,071 | €67,454 | €74,955 | €62,608 | ▼ 16.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €20,803 | €50,671 | €55,054 | €62,555 | €62,555 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €18,943 | €48,811 | €53,194 | €60,695 | €60,695 | = |
| Profit (loss) carried forward14 | €0 | - | - | - | -€12,347 | - |
| Amounts payable17/49 | €178,183 | €263,639 | €250,445 | €207,489 | €218,540 | ▲ 5.3% |
| Amounts payable after more than one year17 | €133,131 | €188,650 | €152,668 | €120,839 | €139,094 | ▲ 15.1% |
| Financial debts170/4 | €133,131 | €188,650 | €152,668 | €120,839 | €139,094 | ▲ 15.1% |
| Amounts payable within one year42/48 | €45,052 | €74,989 | €97,777 | €86,650 | €79,446 | ▼ 8.3% |
| Current portion of amounts payable after more than one year42 | €24,550 | €40,956 | €36,206 | €31,829 | €42,469 | ▲ 33.4% |
| Financial debts43 | €0 | - | - | - | €4,952 | - |
| Credit institutions430/8 | €0 | - | - | - | €4,952 | - |
| Trade debts44 | €6,392 | €20,346 | €52,483 | €43,303 | €11,467 | ▼ 73.5% |
| Suppliers440/4 | €6,392 | €20,346 | €52,483 | €43,303 | €11,467 | ▼ 73.5% |
| Taxes, remuneration and social security45 | €4,693 | €4,591 | €0 | €8,451 | €8,840 | ▲ 4.6% |
| Taxes450/3 | €4,693 | €4,591 | €0 | €8,451 | €8,840 | ▲ 4.6% |
| Other amounts payable47/48 | €9,416 | €9,096 | €9,087 | €3,067 | €11,719 | ▲ 282% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,798 | €37,620 | €4,382 | €7,502 | -€12,347 | ▼ 265% |
| + Depreciation and write-downs630 | €41,065 | €40,961 | €45,045 | €41,397 | €46,856 | ▲ 13.2% |
| Operating cash flow (approximation) | €49,863 | €78,581 | €49,427 | €48,899 | €34,509 | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | -€141,806 | -€38,355 | €33,985 | -€88,239 | ▼ 360% |
| Change in cash | - | €8,726 | -€4,331 | €11,495 | -€19,143 | ▼ 267% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€12,347
Net result drops to -€12,347, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €37,620 ▲328%
Operating result €50,467, net result €37,620, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8,798
Net result €8,798 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Dessel · 1 establishment unit since 2013
Ground area
5,698 m²
Building footprint
2,402 m²
Volume, LiDAR
15,193 m³
Parcel 13006F0006/00K002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
verspanningstechnieken BLOCKX
since 20132.223.527.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006F0006/00K002 | Flanders | 5,698 m² | 1 · 2,402 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 150 EUR | 150 EUR |
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Of 505 companies in sector 46841 we hold annual accounts for 365. 161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540659885
Also
9925:BE0540659885
Registered
29-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.