VTB-GROUP
ActiveSummary
VTB-GROUP has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €358,467 and a net result of €108,227. Equity is growing by ~50.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-1
Solvency47▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.81 in 2023; short-term debt: 25.4% and cash: 4.4% of total assets), and 77.7% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← 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 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
30 d early
2022
28 d early
2021
33 d early
2020
33 d early
2019
35 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€358,467▲ 43.2%
2023 · €250,240
Total assets
€1.6m▲ 31.4%
2023 · €1.2m
Net result
€108,227▲ 14.7%
2023 · €94,337
Working capital
-€43,296▲ 27.7%
2023 · -€59,884
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€0.02m▲ 13.0%€0.07m▲ 217%€0.06m▼ 4.0%€0.1m▲ 119%€0.2m▲ 25.2%
Net result€0.01m▲ 3.6%€0.05mabove the sector's middle half▲ 310%€0.05mabove the sector's middle half▼ 12.1%€0.09mabove the sector's middle half▲ 106%€0.1mwithin the sector's middle half▲ 14.7%
Equity€0.06m▲ 28.0%€0.1mwithin the sector's middle half▲ 89.5%€0.2mabove the sector's middle half▲ 41.5%€0.3mabove the sector's middle half▲ 60.5%€0.4mwithin the sector's middle half▲ 43.2%
Total assets€0.3m▲ 12.1%€0.7mabove the sector's middle half▲ 194%€0.8mabove the sector's middle half▲ 2.2%€1.2mabove the sector's middle half▲ 62.0%€1.6mwithin the sector's middle half▲ 31.4%
Debt€0.2m▲ 8.1%€0.6m▲ 226%€0.6m▼ 4.7%€1.0m▲ 62.4%€1.3m▲ 28.3%
Working capital€0.01m▼ 50.8%-€0.008mwithin the sector's middle half€0.01mwithin the sector's middle half-€0.06mbelow the sector's middle half-€0.04mbelow the sector's middle half▲ 27.7%
Solvency23.1%▲ 2.9pp14.9%within the sector's middle half▼ 8.2pp20.6%within the sector's middle half▲ 5.7pp20.4%within the sector's middle half▼ 0.2pp22.3%below the sector's middle half▲ 1.8pp
Current ratio1.09▼ 0.150.95within the sector's middle half▼ 0.141.07within the sector's middle half▲ 0.120.81below the sector's middle half▼ 0.260.89below the sector's middle half▲ 0.09
Return on assets (ROA)5.1%▼ 0.4pp7.0%within the sector's middle half▲ 2.0pp6.0%within the sector's middle half▼ 1.0pp7.7%within the sector's middle half▲ 1.7pp6.7%within the sector's middle half▼ 1.0pp
Staff (FTE)0.91.9▲ 111%2.7▲ 42.1%3.3▲ 22.2%5.2within the sector's middle half▲ 57.6%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.2m ▲ 27.4%
Current assets
€365,023 ▲ 47.1%
Equity and liabilities €1.6m
Equity
€358,467 ▲ 43.2%
Debt
€1.3m ▲ 28.3%
Debt's share of the balance-sheet total falls from 79.6% to 77.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€384,712▲
2023 · €271,981
Cash flow
€321,067▲
2023 · €229,047
Quick ratio
0.86▲
2023 · 0.77
Debt to equity
3.49▼
2023 · 3.90
ROE
30.2%▼
2023 · 37.7%
Interest coverage
12.11▼
2023 · 14.89
Debt ≤ 1 year
€408,319▲
2023 · €308,004
Debt > 1 year
€815,312▲
2023 · €659,157
Income taxes
€31,890▲
2023 · €24,676
Staff costs
€286,899▲
2023 · €184,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,053 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €33,815 | €29,232 | ▼ 13.6% |
| Remuneration, social security and pensions62 | - | €96,843 | €137,611 | €184,117 | €286,899 | ▲ 55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,707 | €59,429 | €96,002 | €134,710 | €212,840 | ▲ 58.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €27,492 | - |
| Other operating charges640/8 | - | €5,524 | €3,962 | €5,383 | €7,017 | ▲ 30.4% |
| Non-recurring operating charges66A | - | €1,605 | - | €16,241 | €9,736 | ▼ 40.1% |
| Gross operating margin9900 | €113,663 | €228,800 | €300,331 | €477,722 | €715,856 | ▲ 49.8% |
| Operating profit (loss)9901 | €20,648 | €65,398 | €62,756 | €137,271 | €171,872 | ▲ 25.2% |
| Financial income75/76B | - | €10 | €230 | €2 | €0 | ▼ 98.7% |
| Recurring financial income75 | €27 | €10 | €230 | €2 | €0 | ▼ 98.7% |
| Financial charges65/66B | - | €7,780 | €12,239 | €18,261 | €31,756 | ▲ 73.9% |
| Recurring financial charges65 | €4,418 | €7,780 | €12,239 | €18,261 | €31,756 | ▲ 73.9% |
| Profit (loss) for the period before taxes9903 | €16,257 | €57,628 | €50,746 | €119,012 | €140,116 | ▲ 17.7% |
| Income taxes67/77 | €3,552 | €5,593 | €4,990 | €24,676 | €31,890 | ▲ 29.2% |
| Profit (loss) for the period9904 | €12,706 | €52,036 | €45,756 | €94,337 | €108,227 | ▲ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €12,706 | €52,036 | €45,756 | €94,337 | €108,227 | ▲ 14.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.3m | €0.7m | €0.8m | €1.2m | €1.6m | ▲ 31.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0.1m | €0.6m | €0.6m | €1.0m | €1.2m | ▲ 27.4% |
| Intangible fixed assets21 | €0.01m | €0.008m | €0.006m | €0.004m | €0.002m | ▼ 44.3% |
| Tangible fixed assets22/27 | €0.1m | €0.6m | €0.6m | €1.0m | €1.2m | ▲ 27.7% |
| Land and buildings22 | - | - | €0.4m | €0.4m | €0.4m | ▼ 5.6% |
| Plant, machinery and equipment23 | - | €0.007m | €0.004m | €0.001m | €0.02m | ▲ 1,685% |
| Furniture and vehicles24 | - | €0.05m | €0.04m | €0.3m | €0.3m | ▲ 24.3% |
| Leasing and similar rights25 | - | €0.06m | €0.1m | €0.3m | €0.5m | ▲ 73.2% |
| Assets under construction and advance payments27 | - | €0.4m | - | - | - | - |
| Financial fixed assets28 | €135 | €135 | €135 | €0.001m | €0.001m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 47.1% |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▲ 20.4% |
| Stocks30/36 | - | €0.02m | €0.01m | €0.01m | €0.01m | ▲ 20.4% |
| Amounts receivable within one year40/41 | €0.06m | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 38.7% |
| Trade receivables40 | - | €0.07m | €0.1m | €0.2m | €0.2m | ▲ 35.0% |
| Other amounts receivable41 | - | €0.003m | - | €0.007m | €0.02m | ▲ 133% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.08m | €0.03m | €0.03m | €0.07m | ▲ 138% |
| Deferred charges and accrued income490/1 | - | €0.009m | €0.01m | €0.03m | €0.03m | ▲ 16.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.3m | €0.7m | €0.8m | €1.2m | €1.6m | ▲ 31.4% |
| Equity10/15 | €0.06m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 43.2% |
| Contributions10/11 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.04m | €0.09m | €0.1m | €0.2m | €0.3m | ▲ 47.0% |
| Distributable reserves133 | - | €0.09m | €0.1m | €0.2m | €0.3m | ▲ 47.0% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.6m | €0.6m | €1.0m | €1.3m | ▲ 28.3% |
| Amounts payable after more than one year17 | €0.1m | €0.4m | €0.4m | €0.7m | €0.8m | ▲ 23.7% |
| Financial debts170/4 | - | €0.4m | €0.4m | €0.6m | €0.8m | ▲ 24.4% |
| Other amounts payable178/9 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €0.07m | €0.07m | €0.1m | €0.2m | ▲ 40.0% |
| Financial debts43 | - | - | - | €0.01m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.01m | €0 | ▼ 100% |
| Trade debts44 | €0.02m | €0.07m | €0.02m | €0.03m | €0.1m | ▲ 180% |
| Suppliers440/4 | - | €0.07m | €0.02m | €0.03m | €0.1m | ▲ 180% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 24.5% |
| Taxes450/3 | - | €0.009m | €0.02m | €0.02m | €0.02m | ▼ 29.6% |
| Remuneration and social security454/9 | - | €0.006m | €0.009m | €0.02m | €0.01m | ▼ 17.0% |
| Other amounts payable47/48 | - | €0.03m | €0.04m | €0.08m | €0.07m | ▼ 2.5% |
| Accrued charges and deferred income492/3 | - | €0.002m | €0.005m | €0.008m | €0.03m | ▲ 251% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,706 | €52,036 | €45,756 | €94,337 | €108,227 | ▲ 14.7% |
| + Depreciation and write-downs630 | €49,707 | €59,429 | €96,002 | €134,710 | €212,840 | ▲ 58.0% |
| Operating cash flow (approximation) | €62,412 | €111,465 | €141,758 | €229,047 | €321,067 | ▲ 40.2% |
| Investment in fixed assets (approximation) | - | -€477,953 | -€125,568 | -€519,460 | -€480,079 | ▲ 7.6% |
| Change in cash | - | €44,254 | -€44,874 | -€1,828 | €40,899 | ▲ 2,337% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €108,227 ▲14.7%
Operating result €171,872, net result €108,227, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €250,240 ▲60.5%
6 profitable years in a row build equity to €250,240.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €155,903 ▲41.5%
5 profitable years in a row build equity to €155,903.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €110,147 ▲89.5%
4 profitable years in a row build equity to €110,147.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bocholt · 1 establishment unit since 2016
Ground area
3,332 m²
Parcel 72003A1368/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
VTB-GROUP
since 2016unit no. 2.252.002.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72003A1368/00G000 | Flanders | 3,331 m² | - | - |
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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €6,193 awarded · €6,193 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €665 | €665 |
| 2024 | 1 | €908 | €908 |
| 2023 | 1 | €4,500 | €4,500 |
| 2022 | 1 | €120 | €120 |
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Of 7,377 companies in this sector we hold annual accounts for 2,963. 2,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95316Washing and cleaning of motor vehicles
53200Other postal and courier activities
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651672724
Registered
25-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.