VTU Engineering Belgium
The computed 12-month bankruptcy probability of VTU Engineering Belgium is 1.3% (low). The 2024 annual accounts show negative equity (€-1.69M) and a net result of €-626k. Equity is shrinking by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 304 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-1.69M |
| Net result | €-626k |
| Staff (FTE) | 13.5 |
| Better than sector | 5% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -256.9% | 36.1% | |
| Net result | €-626k | €14k | |
| Equity | €-1.69M | €89k | |
| Gross operating margin | €790k | €74k | |
| Staff costs | €1.30M | €186k |
Show 11 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-514k |
| Net profit | €-626k |
| Cash flow | €-601k |
| Staff costs | €1.30M |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €656k |
| Equity | €-1.69M |
| Debt | €2.34M |
| of which ≤ 1y | €560k |
| of which > 1y | €1.70M |
| Working capital | €-11k |
| Employees (FTE) | 13.5 |
| 2024 | |
|---|---|
| Current ratio | 0.98 |
| Quick ratio | 0.96 |
| Working capital ratio | -1.6% |
| Solvency | -256.9% |
| Debt / equity | -1.39 |
| Long-term debt ratio | -1.01 |
| Interest coverage | -6.08 |
| Gross margin | - |
| Net margin | - |
| ROA | -95.4% |
| ROE | 37.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €656k |
| Fixed assets | 21/28 | €107k |
| Tangible fixed assets | 22/27 | €107k |
| Current assets | 29/58 | €549k |
| Stocks & contracts in progress | 3 | €9k |
| Amounts receivable within one year | 40/41 | €295k |
| Cash & bank | 54/58 | €226k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €656k |
| Equity | 10/15 | €-1.69M |
| Contributions / capital | 10/11 | €50k |
| Accumulated profits (losses) | 14 | €-1.74M |
| Amounts payable | 17/49 | €2.34M |
| Amounts payable after one year | 17 | €1.70M |
| Amounts payable within one year | 42/48 | €560k |
| Trade debts payable within one year | 44 | €336k |
| Income statement | ||
| Gross operating margin | 9900 | €790k |
| Operating result | 9901 | €-539k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €85k |
| Result before taxes | 9903 | €-623k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-626k |
| Result to be appropriated | 9905 | €-626k |
-
Current31-07-2025 → present
Former directors (2)
-
Former- → 31-07-2025
-
Former- → 31-07-2025
| NACE primary | Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121) |
| Legal form | Private limited company(610) |
| Incorporation | 09-03-2022 |
| Status | Active |
| Postal code | 2800 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0044/00C000 | Flanders | 2.1 ha | 1 · 6,955 m² | 9.7 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
06-03-2026 2 directors appointed
- Liam O'Neil, Bestuurder
- Matthias Bendel, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Liam O\u0027Neil",
"address": "Begonienweg 3, 1220 Wien",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": false,
"effective_date": null,
"evidence_quote": "Uit de notulen van de schriftelijke besluiten van de enige aandeelhouder d.d. 26/11/2025 blijkt dat de enige aandeelhouder beslist te benoemen als A-bestuurder van de vennootschap, voor onbepaalde duur, met ingang vanaf heden: - Liam O\u0027Neil, wonend te Begonienweg 3, 1220 Wien.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Matthias Bendel",
"address": "Eitelbergstrasse 13, 93152 Nitten, Duitsland",
"birth_date": null,
"profession": null,
"birth_place": "Nitten, Duitsland"
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": false,
"effective_date": null,
"evidence_quote": "Uit de notulen van de schriftelijke besluiten van de enige aandeelhouder d.d. 26/11/2025 blijkt dat de enige aandeelhouder beslist te benoemen als A-bestuurder van de vennootschap, voor onbepaalde duur, met ingang vanaf heden: - Matthias Bendel, wonend te Eitelbergstrasse 13, 93152 Nitten, Duitsland",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Mechelen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-06",
"filing_date": "2026-02-26",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2025-11-26",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0783.244.811",
"name_full": "VTU ENGINEERING BELGIUM",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Lisa Kennis",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"schriftelijke besluiten van de enige aandeelhouder d.d. 26/11/2025"
],
"corrected_publication_numac": null
}14-10-2025 1 director appointed, 2 resigning
- Rudi Wierer, Bestuurder
- Friedrich Fröschl, Bestuurder
- Matthias Steinbrink, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Friedrich Fr\u00F6schl",
"address": null,
"birth_date": null
},
"effective_date": "2025-07-31",
"evidence_quote": "Het ontslag van volgende bestuurders met ingang vanaf heden: - de heer Friedrich Fr\u00F6schl"
},
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Matthias Steinbrink",
"address": null,
"birth_date": null
},
"effective_date": "2025-07-31",
"evidence_quote": "Het ontslag van volgende bestuurders met ingang vanaf heden: - de heer Matthias Steinbrink"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Rudi Wierer",
"address": null,
"birth_date": null
},
"effective_date": "2025-07-31",
"evidence_quote": "De benoeming als A-bestuurder van de vennootschap voor onbepaalde duur met ingang vanaf heden: Rudi Wierer"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0783.244.811",
"name_full": "VTU ENGINEERING BELGIUM",
"legal_form": "BV"
}
}24-02-2025 Mark Senten appointed as director
- Mark Senten, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Mark Senten",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0783244811",
"name": "United Brain BV",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2025-02-24",
"evidence_quote": "De enige aandeelhouder beslist te benoemen als B-bestuurder van de Vennootschap, voor onbepaalde duur, met ingang van heden: United Brain BV, met zetel te Kasteeldreef 9, 2940 Stabroek en met ondernemingsnummer BTW 1007.063.106 (RPR Antwerpen, afdeling Antwerpen), vast vertegenwoordigd door de heer "
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0783.244.811",
"name_full": "VTU ENGINEERING BELGIUM",
"legal_form": "BV"
}
}11-03-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2800 Mechelen, Blarenberglaan 4",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0781.483.567",
"name": "VTU Group"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Aandelen op naam",
"partner_role": null,
"holder_org_kbo": "0781.483.567",
"holder_org_name": "VTU Group",
"contribution_type": "cash",
"amount_paid_in_eur": 50000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 50000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 50000,
"subject_company": {
"kbo": "0783.244.811",
"name_full": "VTU Engineering Belgium",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-03-08",
"post_incorporation_mandates": []
}| Legal nameNL | VTU Engineering Belgium |