VVC TECHNICS
ActiveSummary
VVC TECHNICS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330,438 and a net result of €390,670. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency63▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.2 in 2024; short-term debt: 56.6% and cash: 30.6% of total assets), and 62.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.7%
Return on assets
44.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
27 d early
2022
39 d early
2021
34 d early
2020
43 d early
2019
44 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 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€330,438▲ 18.1%
2024 · €279,769
Total assets
€877,376▼ 13.2%
2024 · €1.0m
Net result
€390,670▲ 42.4%
2024 · €274,292
Working capital
€209,610▲ 42.1%
2024 · €147,518
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€217,916▼ 0.9%€183,255▼ 15.9%€241,212▲ 31.6%€286,302▲ 18.7%€414,629▲ 44.8%
Net result€195,290above the sector's middle half▲ 4.6%€159,048above the sector's middle half▼ 18.6%€225,088above the sector's middle half▲ 41.5%€274,292above the sector's middle half▲ 21.9%€390,670above the sector's middle half▲ 42.4%
Equity€453,841within the sector's middle half▲ 13.9%€512,889within the sector's middle half▲ 13.0%€570,477within the sector's middle half▲ 11.2%€279,769within the sector's middle half▼ 51.0%€330,438within the sector's middle half▲ 18.1%
Total assets€840,841within the sector's middle half▲ 15.0%€697,247within the sector's middle half▼ 17.1%€941,997within the sector's middle half▲ 35.1%€1.0mwithin the sector's middle half▲ 7.3%€877,376within the sector's middle half▼ 13.2%
Debt€387,001▲ 16.4%€184,358▼ 52.4%€371,520▲ 102%€730,805▲ 96.7%€546,938▼ 25.2%
Working capital€369,984▲ 25.5%€431,377▲ 16.6%€485,800▲ 12.6%€147,518▼ 69.6%€209,610▲ 42.1%
Solvency54.0%within the sector's middle half▼ 0.5pp73.6%above the sector's middle half▲ 19.6pp60.6%within the sector's middle half▼ 13.0pp27.7%within the sector's middle half▼ 32.9pp37.7%within the sector's middle half▲ 10.0pp
Staff (FTE)11.4above the sector's middle half▲ 14.0%10.7above the sector's middle half▼ 6.1%0below the sector's middle half▼ 100%0below the sector's middle half9.6above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €877,376
Fixed assets
€170,797 ▲ 29.1%
Current assets
€706,579 ▼ 19.6%
Equity and liabilities €877,376
Equity
€330,438 ▲ 18.1%
Debt
€546,938 ▼ 25.2%
Debt's share of the balance-sheet total falls from 72.3% to 62.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€471,345▲
2024 · €317,123
Cash flow
€447,386▲
2024 · €305,112
Current ratio
1.42▲
2024 · 1.20
Quick ratio
1.03▼
2024 · 1.10
Debt to equity
1.66▼
2024 · 2.61
ROE
118.2%▲
2024 · 98.0%
ROA
44.5%▲
2024 · 27.1%
Interest coverage
129.36▼
2024 · 632.80
Debt ≤ 1 year
€496,970▼
2024 · €730,805
Debt > 1 year
€49,968
Income taxes
€21,465▼
2024 · €21,546
Staff costs
€537,956▼
2024 · €565,363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €413 | - |
| Remuneration, social security and pensions62 | €550,177 | €567,866 | €614,591 | €565,363 | €537,956 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,996 | €30,919 | €31,023 | €30,820 | €56,716 | ▲ 84.0% |
| Other operating charges640/8 | €14,638 | €8,666 | €3,888 | €6,214 | €8,543 | ▲ 37.5% |
| Gross operating margin9900 | €816,728 | €790,706 | €890,714 | €888,700 | €1.0m | ▲ 14.5% |
| Operating profit (loss)9901 | €217,916 | €183,255 | €241,212 | €286,302 | €414,629 | ▲ 44.8% |
| Financial income75/76B | €9 | €220 | €6,234 | €10,037 | €1,150 | ▼ 88.5% |
| Recurring financial income75 | €9 | €220 | €6,234 | €10,037 | €1,150 | ▼ 88.5% |
| Financial charges65/66B | €2,537 | €3,377 | €2,403 | €501 | €3,644 | ▲ 627% |
| Recurring financial charges65 | €2,537 | €3,377 | €2,403 | €501 | €3,644 | ▲ 627% |
| Profit (loss) for the period before taxes9903 | €215,388 | €180,098 | €245,044 | €295,838 | €412,135 | ▲ 39.3% |
| Income taxes67/77 | €20,099 | €21,049 | €19,956 | €21,546 | €21,465 | ▼ 0.4% |
| Profit (loss) for the period9904 | €195,290 | €159,048 | €225,088 | €274,292 | €390,670 | ▲ 42.4% |
| Profit (loss) for the period to be appropriated9905 | €195,290 | €159,048 | €225,088 | €274,292 | €390,670 | ▲ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €840,841 | €697,247 | €941,997 | €1.0m | €877,376 | ▼ 13.2% |
| Fixed assets21/28 | €83,857 | €81,512 | €84,677 | €132,251 | €170,797 | ▲ 29.1% |
| Tangible fixed assets22/27 | €83,857 | €81,512 | €84,677 | €132,251 | €170,797 | ▲ 29.1% |
| Plant, machinery and equipment23 | €29,178 | €30,339 | €20,677 | €9,420 | €4,457 | ▼ 52.7% |
| Furniture and vehicles24 | €18,003 | €11,454 | €10,079 | €69,157 | €121,968 | ▲ 76.4% |
| Other tangible fixed assets26 | €36,676 | €39,719 | €53,920 | €53,674 | €44,371 | ▼ 17.3% |
| Current assets29/58 | €756,985 | €615,735 | €857,320 | €878,323 | €706,579 | ▼ 19.6% |
| Stocks and contracts in progress3 | €36,371 | €51,091 | €57,981 | €71,186 | €192,500 | ▲ 170% |
| Stocks30/36 | €36,371 | €51,091 | €57,981 | €71,186 | €192,500 | ▲ 170% |
| Amounts receivable within one year40/41 | €577,950 | €362,250 | €406,176 | €612,655 | €229,964 | ▼ 62.5% |
| Trade receivables40 | €317,418 | €281,342 | €321,248 | €149,731 | €120,892 | ▼ 19.3% |
| Other amounts receivable41 | €260,532 | €80,908 | €84,928 | €462,925 | €109,072 | ▼ 76.4% |
| Cash at bank and in hand54/58 | €125,430 | €195,312 | €388,478 | €190,440 | €268,191 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | €17,233 | €7,082 | €4,685 | €4,042 | €15,924 | ▲ 294% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €840,841 | €697,247 | €941,997 | €1.0m | €877,376 | ▼ 13.2% |
| Equity10/15 | €453,841 | €512,889 | €570,477 | €279,769 | €330,438 | ▲ 18.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €209,000 | €268,000 | €268,000 | €228,000 | €280,000 | ▲ 22.8% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €204,000 | €263,000 | €263,000 | €223,000 | €275,000 | ▲ 23.3% |
| Profit (loss) carried forward14 | €194,841 | €194,889 | €252,477 | €1,769 | €438 | ▼ 75.2% |
| Amounts payable17/49 | €387,001 | €184,358 | €371,520 | €730,805 | €546,938 | ▼ 25.2% |
| Amounts payable after more than one year17 | - | - | - | - | €49,968 | - |
| Financial debts170/4 | - | - | - | - | €49,968 | - |
| Amounts payable within one year42/48 | €387,001 | €184,358 | €371,520 | €730,805 | €496,970 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | €20,735 | - |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €174,492 | €9,361 | €169,141 | €79,540 | €99,750 | ▲ 25.4% |
| Suppliers440/4 | €174,492 | €9,361 | €169,141 | €79,540 | €99,750 | ▲ 25.4% |
| Taxes, remuneration and social security45 | €60,440 | €62,388 | €20,038 | €38,789 | €16,793 | ▼ 56.7% |
| Taxes450/3 | €15,453 | €7,422 | €1,378 | €2,581 | €1,326 | ▼ 48.6% |
| Remuneration and social security454/9 | €44,988 | €54,966 | €18,661 | €36,208 | €15,467 | ▼ 57.3% |
| Other amounts payable47/48 | €152,068 | €112,609 | €182,341 | €612,477 | €359,692 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195,290 | €159,048 | €225,088 | €274,292 | €390,670 | ▲ 42.4% |
| + Depreciation and write-downs630 | €33,996 | €30,919 | €31,023 | €30,820 | €56,716 | ▲ 84.0% |
| Operating cash flow (approximation) | €229,286 | €189,967 | €256,111 | €305,112 | €447,386 | ▲ 46.6% |
| Investment in fixed assets (approximation) | - | -€28,574 | -€34,188 | -€78,395 | -€95,262 | ▼ 21.5% |
| Change in cash | - | €69,882 | €193,166 | -€198,038 | €77,752 | ▲ 139% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €390,670 ▲42.4%
Operating result €414,629, net result €390,670, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €159,048 ▼18.6%
Net result drops to €159,048, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €512,889 ▲13%
5 profitable years in a row build equity to €512,889.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 41 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Gent · 1 establishment unit since 2011
Ground area
498 m²
Building footprint
132 m²
Volume, LiDAR
406 m³
Parcel 44038A0046/00B002, Flanders · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VVC Technics BVBA
since 20112.199.863.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0046/00B002 | Flanders | 498 m² | 1 · 132 m² | 4.0 m · 1 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- VynImvest
- VVC TECHNICS
Highest known parent: VynImvest. The sources do not say who stands above it.
Owners 1
- VynImvestparent99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 2,658 EUR awarded · 3,333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,084 EUR | 1,084 EUR |
| 2024 | 1 | 1,364 EUR | 1,364 EUR |
| 2023 | 1 | 210 EUR | 885 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesVVC TECHNICS BV46170
Dual-learning approval
7 live approvals · 2 endedBrandertechnicus gas/stookolie duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus hernieuwbare energietechnieken duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Show 1 more
Vakman installatietechnieken (vwo)
Show 2 ended approvals
Sanitair installateur (so)
Sanitair installateur (so)
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836259863
Also
9925:BE0836259863
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.