Summary
VTProtec is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €177,123 and a net result of €40,947. Equity is growing by about 5.4% per year across the filed financial years. Its solvency ranks better than 48% of 9,728 sector peers (NACE 64, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €177,123
- Profit
- €40,947
Signalsraises risk2025 accounts filed 31 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 11 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €40,947 ▲15.1%
- Equity above €150,000equity €177,123 ▲30.1%
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487905.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €6,198 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,168 | €8,603 | €7,539 | €17,134 | €10,843 | €12,455 | €12,218 | €15,258 | ▲ 24.9% |
| Other operating charges640/8 | - | - | - | €666 | €1,963 | €1,086 | €628 | €707 | ▲ 12.5% |
| Gross operating margin9900 | €39,183 | €46,050 | €36,149 | €39,404 | €41,258 | €43,814 | €68,054 | €76,357 | ▲ 12.2% |
| Operating profit (loss)9901 | €28,716 | €36,751 | €27,841 | €21,604 | €28,452 | €30,273 | €55,208 | €60,392 | ▲ 9.4% |
| Financial income75/76B | - | - | - | €79 | €12,759 | €361 | €89 | €1,022 | ▲ 11× |
| Recurring financial income75 | - | €8 | €704 | €79 | €12,759 | €361 | €89 | €1,022 | ▲ 11× |
| Financial charges65/66B | - | - | - | €2,970 | €2,714 | €1,870 | €5,304 | €3,387 | ▼ 36.1% |
| Recurring financial charges65 | €570 | €269 | €891 | €2,970 | €2,714 | €1,870 | €5,304 | €3,387 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | €28,146 | €36,489 | €27,654 | €18,714 | €38,497 | €28,764 | €49,993 | €58,028 | ▲ 16.1% |
| Income taxes67/77 | €6,838 | €10,238 | €7,038 | €2,105 | €8,463 | €7,881 | €14,420 | €17,080 | ▲ 18.5% |
| Profit (loss) for the period9904 | €21,308 | €26,251 | €20,616 | €16,609 | €30,034 | €20,884 | €35,573 | €40,947 | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €21,308 | €26,251 | €20,616 | €16,609 | €30,034 | €20,884 | €35,573 | €40,947 | ▲ 15.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €125,346 | €143,716 | €208,850 | €299,371 | €296,287 | €303,296 | €312,957 | €361,126 | ▲ 15.4% |
| Fixed assets21/28 | €15,449 | €15,051 | €50,234 | €172,253 | €178,805 | €173,263 | €161,045 | €181,606 | ▲ 12.8% |
| Tangible fixed assets22/27 | €15,449 | €15,051 | €29,234 | €151,253 | €157,805 | €152,263 | €140,045 | €160,606 | ▲ 14.7% |
| Land and buildings22 | - | - | - | €136,145 | €133,396 | €129,170 | €124,944 | €120,717 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €9,664 | €15,420 | €17,189 | €11,757 | €9,898 | ▼ 15.8% |
| Furniture and vehicles24 | - | - | - | €5,444 | €8,989 | €5,904 | €3,344 | €29,990 | ▲ 797% |
| Financial fixed assets28 | - | - | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Current assets29/58 | €109,897 | €128,665 | €158,616 | €127,118 | €117,482 | €130,033 | €151,912 | €179,520 | ▲ 18.2% |
| Amounts receivable after more than one year29 | - | - | - | €7,045 | €3,474 | €2,198 | €2,198 | €2,198 | = |
| Trade receivables290 | - | - | - | €7,045 | €3,474 | - | - | - | - |
| Other amounts receivable291 | - | - | - | - | - | €2,198 | €2,198 | €2,198 | = |
| Amounts receivable within one year40/41 | €27,531 | €61,232 | €55,545 | €47,846 | €45,005 | €64,561 | €61,129 | €88,435 | ▲ 44.7% |
| Trade receivables40 | - | - | - | €23,580 | €17,653 | €33,847 | €24,360 | €51,722 | ▲ 112% |
| Other amounts receivable41 | - | - | - | €24,267 | €27,352 | €30,714 | €36,769 | €36,713 | ▼ 0.2% |
| Current investments50/53 | €2,913 | €16,413 | €37,413 | €24,953 | €15,011 | €16,384 | €17,584 | €35,034 | ▲ 99.2% |
| Cash at bank and in hand54/58 | €59,347 | €31,745 | €50,469 | €47,257 | €43,583 | €42,512 | €55,482 | €46,049 | ▼ 17.0% |
| Deferred charges and accrued income490/1 | - | - | - | €17 | €10,409 | €4,379 | €15,520 | €7,804 | ▼ 49.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €125,346 | €143,716 | €208,850 | €299,371 | €296,287 | €303,296 | €312,957 | €361,126 | ▲ 15.4% |
| Equity10/15 | €92,620 | €118,871 | €139,486 | €130,096 | €129,130 | €126,853 | €136,176 | €177,123 | ▲ 30.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €80,160 | €106,410 | €126,910 | €117,510 | €116,510 | €114,200 | €122,950 | €164,723 | ▲ 34.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €115,650 | €114,650 | €114,200 | €122,950 | €164,723 | ▲ 34.0% |
| Profit (loss) carried forward14 | €60 | €61 | €176 | €186 | €220 | €253 | €826 | €0 | ▼ 100% |
| Amounts payable17/49 | €32,726 | €24,845 | €69,364 | €169,276 | €167,157 | €176,443 | €176,781 | €184,003 | ▲ 4.1% |
| Amounts payable after more than one year17 | - | - | €12,825 | €98,025 | €91,084 | €84,045 | €76,899 | €69,650 | ▼ 9.4% |
| Financial debts170/4 | - | - | - | €98,025 | €91,084 | €84,045 | €76,899 | €69,650 | ▼ 9.4% |
| Amounts payable within one year42/48 | €30,875 | €22,773 | €54,602 | €71,011 | €76,073 | €92,398 | €96,032 | €108,489 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,841 | €6,941 | €7,039 | €7,145 | €7,250 | ▲ 1.5% |
| Trade debts44 | €6,756 | €2,562 | €7,870 | €2,213 | €6,599 | €5,539 | €174 | €2,782 | ▲ 16× |
| Suppliers440/4 | - | - | - | €2,213 | €6,599 | €5,539 | €174 | €2,782 | ▲ 16× |
| Taxes, remuneration and social security45 | - | - | - | €11,088 | €8,284 | €11,925 | €12,508 | €32,160 | ▲ 157% |
| Taxes450/3 | - | - | - | €11,088 | €8,284 | €11,925 | €12,508 | €32,160 | ▲ 157% |
| Other amounts payable47/48 | - | - | - | €50,869 | €54,249 | €67,895 | €76,204 | €66,296 | ▼ 13.0% |
| Accrued charges and deferred income492/3 | - | - | - | €240 | - | - | €3,850 | €5,864 | ▲ 52.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,308 | €26,251 | €20,616 | €16,609 | €30,034 | €20,884 | €35,573 | €40,947 | ▲ 15.1% |
| + Depreciation and write-downs630 | €10,168 | €8,603 | €7,539 | €17,134 | €10,843 | €12,455 | €12,218 | €15,258 | ▲ 24.9% |
| Operating cash flow (approximation) | €31,476 | €34,854 | €28,155 | €33,743 | €40,877 | €33,338 | €47,791 | €56,205 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€8,205 | -€42,722 | -€139,153 | -€17,395 | -€6,912 | €0 | -€35,819 | - |
| Change in cash | - | -€27,602 | €18,724 | -€3,212 | -€3,674 | -€1,071 | €12,969 | -€9,432 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00487905 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00443099 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00435548 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00411171 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20102529 |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51500249 |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25500596 |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45500164 |
| 31-12-2017 | micro format | 02-07-2018 | 2018-26500158 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54600510 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERKIN Tonny |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the 2025 annual accounts of VTProtec and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-04
Gazette deed
Appointment: VERKIN Tonny (director)Capital conversion · Reserve release · Shareholding10 facts ▸
- General meeting, 14-04-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Shareholding, “enige aandeelhouder, artikel 2:8,§4 WVV” (deed in Dutch)
- Registered office clause, “Potebezemstraat 45,8680 Koekelare” (deed in Dutch)
- Amendment of the articles
- Director appointment, VERKIN Tonny (director (not named in the articles))
- Power of attorney
- Power of attorney, Pieter STEYAERT
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32010A1477/00G006 | Flanders | 933 m² | 1 · 165 m² | 6.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van specifieke en algemene managementopdrachten,zoals de (re)organisatie van de diensten,het leiden en besturen van de…” (deed in Dutch)
13 activities (deed in Dutch)
- Het uitvoeren van specifieke en algemene managementopdrachten,zoals de (re)organisatie van de diensten,het leiden en besturen van de diensten (onder andere: diensten inzake productie,administratieve diensten,personeelsdiensten,boekhoudings- en financiële diensten).
- De consulting inzake onder andere productie,administratie,personeel - en audit-diensten;
- Het bijwonen en organiseren van vergaderingen van diverse bestuurs- en directieniveaus;
- Het deelnemen in of het voeren van de directie over vennootschappen en ondernemingen;
- Het voeren van het management,het beleid en het bestuur van vennootschappen en ondernemingen;
- Het verrichten van administratieve werkzaamheden,het ontwikkelen en implementeren van administratieve automatiseringsprojecten en het verstrekken van advies inzake de administratieve organisatie van kantoren en bedrijven en inzake productie en informatica;
- Het uitbaten van een studie-,organisatie- en raadgevend bureau inzake productie,administratieve,financiële,commerciële,publicitaire,fiscale,juridische,sociale,informatica- en managementaangelegenheden;
- Het nemen,verwerven,verhandelen,houden,deponeren en uitbaten van octrooien,patenten,brevetten,licenties,merken,merkrechten en distributierechten en meer in het algemeen van alle intellectuele eigendomsrechten en van alle daarmee samenhangende rechten;
- Het optreden als bestuurder en/of vereffenaar van vennootschappen;
- Het beheer van ondernemingen,groeperingen en verenigingen;
- Het uitoefenen van de functie van bestuurder,zaakvoerder,vereffenaar,gevolmachtigde en/of vertegenwoordiger in en/of van vennootschappen en verenigingen;
- Het zich ten gunste van derden borg stellen,hen aval verlenen,hypothecaire of andere zekerheden verstrekken;
- Het verwerven,beheren,onderhouden,huren en verhuren van een roerend en/of onroerend patrimonium.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VTProtec
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan bij eenvoudige beslissing” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De bestuurder kan gevolmachtigden…”
Full text
Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De bestuurder kan gevolmachtigden van de vennootschap aanwijzen. Alleen bijzondere en beperkte volmachten voor bepaalde of voor een reeks bepaalde rechtshandelingen zijn geoorloofd. De gevolmachtigden verbinden de vennootschap, binnen de perken van de hun verleende volmacht, onverminderd de verantwoordelijkheid van de bestuurder in geval van overdreven volmacht. Ten aanzien van derden zal de gevolmachtigde het bewijs van zijn aanstelling kunnen leveren door een exemplaar voor te leggen van de Bijlagen tot het Belgisch Staatsblad waarin zijn aanstelling werd bekendgemaakt.
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur;bij gebrek aan bepaling onbepaalde duur, bestuursorgaan” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)