VTEG

Active

Private limited companyfounded 20206 yrs activeMarais à l'eau 20, 7880 Flobecq, BelgiumKBO/BCE: BE 0745.838.740

The computed 12-month bankruptcy probability of VTEG is 2.3% (moderate). The 2024 annual accounts show equity of €43k and a net result of €4k. Equity is growing by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 482 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability35▼-42

Solvency37▲+1

Growth35▼-17

Track record100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days only on tighter terms

Liquidity short (current ratio 0.41 against 0.38 in 2023; short-term debt: 36.6% and cash: 3.9% of total assets), and 88% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

12%

Return on assets

1.2%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 482 sector peers (2024).

NBB · sector comparison

Position among 482 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

26 d late

2022

30 d late

2021

1 d late

2020

36 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€23k▼ 19.5%

2020 · €28k

2020: €28k

2020 → 2021

EBIT margin

-38.4%▼ 72.4pp

2020 · 34.1%

2020: 34.1%

2020 → 2021

Net result

€4k▼ 81.3%

2023 · €22k

2020: €10k 2021: €-9k 2022: €-17k 2023: €22k

2020 → 2024

Working capital

€-78k▼ 14.2%

2023 · €-68k

2020: €6k 2021: €-1k 2022: €-17k 2023: €-68k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€28k-€23k▼ 19.5%

Equity€13k-€4k▼ 70.6%€-13k€39k€43k▲ 10.7%

Operating result€10k-€-9k€-15k▼ 65.8%€26k€17k▼ 35.3%

Net result€10k-€-9k€-17k▼ 92.4%€22k€4k▼ 81.3%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 35% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €358k

85.1%

14.9%

Fixed assets €305k▼ 0.8%

Current assets €53k▲ 28.1%

Equity and liabilities €358k

12%

88.0%

Equity €43k▲ 10.7%

Debt €315k▲ 1.7%

The debt ratio falls from 88.9% to 88.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€21k▼

2023 · €29k

Cash flow

€8k▼

2023 · €25k

Solvency

12.0%▲

2023 · 11.1%

Current ratio

0.41▲

2023 · 0.38

Quick ratio

0.32▲

2023 · 0.28

Debt / equity

7.34▼

2023 · 7.99

ROE

9.7%▼

2023 · 57.2%

ROA

1.2%▼

2023 · 6.4%

Interest coverage

1.83▼

2023 · 9.21

Debt

€315k▲

2023 · €310k

Debt ≤ 1 year

€131k▲

2023 · €110k

Debt > 1 year

€184k▼

2023 · €200k

Income taxes

€1k▲

2023 · €464

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€349k€358k▲

Fixed assets21/28€307k€305k▼

Tangible fixed assets22/27€7k€3k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€5k€1k▼

Financial fixed assets28€300k€302k▲

Current assets29/58€42k€53k▲

Stocks and contracts in progress3€11k€11k=

Stocks30/36€11k€11k=

Amounts receivable within one year40/41€11k€28k▲

Trade receivables40€11k€28k▲

Cash at bank and in hand54/58€19k€14k▼

Equity and liabilities

Total equity and liabilities10/49€349k€358k▲

Equity10/15€39k€43k▲

Contributions10/11€33k€33k=

Reserves13€2k€2k▼

Non-distributable reserves130/1€2k€0▼

Reserves not available under the articles1311€2k€0▼

Distributable reserves133-€2k

Profit (loss) carried forward14€4k€8k▲

Amounts payable17/49€310k€315k▲

Amounts payable after more than one year17€200k€184k▼

Financial debts170/4€200k€184k▼

Amounts payable within one year42/48€110k€131k▲

Current portion of amounts payable after more than one year42-€16k

Financial debts43€16k-

Credit institutions430/8€16k-

Trade debts44€6k€16k▲

Suppliers440/4€6k€16k▲

Taxes, remuneration and social security45€3k€8k▲

Taxes450/3€3k€8k▲

Other amounts payable47/48€85k€91k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲

Other operating charges640/8€852€1k▲

Gross operating margin9900€30k€22k▼

Operating profit (loss)9901€26k€17k▼

Financial income75/76B€16€89▲

Recurring financial income75€16€89▲

Financial charges65/66B€3k€11k▲

Recurring financial charges65€3k€11k▲

Profit (loss) for the period before taxes9903€23k€5k▼

Income taxes67/77€464€1k▲

Profit (loss) for the period9904€22k€4k▼

Profit (loss) for the period to be appropriated9905€22k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€5k€8k▲

Profit (loss) brought forward from the previous period14P€-17k€4k▲

Transfer to equity691/2€1k€0▼

To the legal reserve6920€1k-

To other reserves6921-€0

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 28 days late

2024

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Back to profitnet €22k

Net result €22k after 2 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Weakest financial yearnet €-17k

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

01-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

2021

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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, Flobecq · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Marais à l'eau 207880 Flobecq

Ground area

1,708 m²

Building footprint

105 m²

Volume, LiDAR

492 m³

Parcel 51019E0562/00B000, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VTEG

Marais à l'eau 20, 7880 FlobecqRepair and maintenance of machinery

since 20202.301.202.957

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51019E0562/00B000	Wallonia	1,708 m²	1 · 104 m²	6.0 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.

Similar companies · same sector, comparable size

JIMTECH

BE 0774.615.769

Boom · Eq €43k

VH Techniek & Service

Of 3,713 companies in sector 33120 we hold annual accounts for 1,342. 1,019 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-04-2020

Fiscal year end31-12

Activities, NACEBEL

33120Repair and maintenance of machinery

96022Beauty treatment

96220Beauty care and other beauty treatments

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.