Turnover
≈ €150,000 estimated
The micro format states no turnover.
VTS
Lifetime
6 annual accounts with figures on one time axispeak €46,288 (2024)
€37,630▼ 18.7%
lowest -€423 (2025)
-€423▼ €11,012
peak €26,075 (2024)
€25,652▼ 1.6%
€77,947▼ 47.2%
Board2 names since 2020
1 directorVANDECAASBEEK Tommy Noël Marleen
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €46,288 to €37,630Loss of €423Debts from €147,608 to €77,947Cash from €13,999 to €3,320
Key points
from the 2025 annual accountsChecked score
54
Fair
Financially stronger than 30% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.5%▼ -0.1 percentage points vs 12-2024
02-2025: 2.4%▼ -0.1 percentage points vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.4%● unchanged vs 06-2025
08-2025: 3.1%▲ +0.7 percentage points vs 07-2025
09-2025: 1.4%▼ -1.7 percentage points vs 08-2025
10-2025: 1.3%▼ -0.1 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.2%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 1.2%● unchanged vs 02-2026lowest value
04-2026: 2.3%▲ +1.1 percentage points vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +1.1 percentage points vs 07-2026highest value
09-2026: 1.7%▼ -1.7 percentage points vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2020
1 change of registered office in 24 months
Liquidity: current ratio 0.70, cash €3,320, halved
lowers risk
Figures for financial year 2025 (filed on 21-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 27% of them on solvency, 23% on liquidity, 35% on profitability and 33% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,548 companies had the same profile as VTS has now. Each dot stands for 4 companies, two years later.
91.3%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VTS itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,548 companies, not a prediction for VTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.77 in 2024), below 1. Short-term debt is 43.6% and cash 3.2% of total assets. 75.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
21 days late
2024
27 days late
2023
on the day
2022
3 days early
2021
31 days late
2020
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 18 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANDECAASBEEK Tommy Noël Marleen 50 sharesdeed of 14-02-2020
- MARTENS Stefanie Frans Heidi 50 sharesdeed of 14-02-2020
Recent changes
Company renamed from VTS KLINKERWERKEN to VTS
Appointment: MARTENS Stefanie (director) · “Tuinarchitectuur in de meest ruime zin van het woord. Het aanleggen, plaatsen, onderhouden, maaien…” (deed in Dutch) · General meeting of 25-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0743551025
Incorporation
Founding capital of €3,000, 100 shares · Founders: VANDECAASBEEK Tommy Noël Marleen and MARTENS Stefanie Frans Heidi · Appointment: VANDECAASBEEK Tommy Noël Marleen (director) · published on 14-02-2020 · Gazette deed
First establishment
Biene Beauty, Kapellekensbaan 24, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VTS Hasselt | €103,599 | €37,630 | 24.8% | - |
| VIJO Ypres | €119,530 | €32,118 | 0.6% | - |
| GP GYPROC Hoogstraten | €131,431 | €45,428 | 44.4% | - |
| Vloer- & tegelwerken Clynmans Olen | €130,497 | €38,797 | 66.9% | - |
| P. Groenen Bestratingen Lommel | €113,269 | €25,781 | 25.4% | - |
| RANDOM WORKS Dilsen-Stokkem | €154,784 | €47,533 | 92.0% | - |
| MIKOS CONSTRUCTION Wezembeek-Oppem | €77,432 | €31,753 | 51.1% | - |
These companies have the same main activity as VTS: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €77,400 and €155,000, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 12-02-2020Normal situation
- Activity
- Construction of roads and motorwaysNACE 42110
- Establishment unit
- 2.299.120.5263720 Hasselt, since 12-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 17-09-2025
Insights on VTS
VTS files the micro format. That format states no turnover. The gross margin rose from €10,385 in 2020 to €37,630 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VTS
- What is the company number of VTS?
- The company number of VTS is 0743.551.025. The VAT number is the same number with BE in front: BE 0743.551.025.
- Where is VTS based?
- The registered office is at Kapellekensbaan 24, 3720 Hasselt.Company details
- What does VTS do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of VTS?
- VTS is a private limited company (BV).
- When was VTS founded?
- VTS was founded on 12-02-2020.
- Is VTS still active?
- Yes, VTS is an active enterprise in the KBO register.
- What is the turnover of VTS?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €37,630 and 2,936 comparable companies of the same size. It probably lies between €91,000 and €270,000. It is a rough estimate.Financials
- Is VTS profitable?
- In financial year 2025, VTS made a loss of €423.
- Where can I find the annual accounts of VTS?
- VTS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VTS due?
- VTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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