VVS ENGINEERING
ActiveSummary
VVS ENGINEERING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,373 and a net result of €24,991. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 22% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+67
Solvency45▼-54
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 3.74 in 2024; short-term debt: 73.8% and cash: 0% of total assets), and 80% of the assets are financed with debt.
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Signals
Six 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 · 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
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
20%
Return on assets
10.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
86 d early
2023
77 d early
2022
76 d early
2021
78 d early
2020
72 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 62 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Dour, Construction sector
Equity
€47,373▼ 68.1%
2024 · €148,344
Total assets
€236,746▲ 17.9%
2024 · €200,767
Net result
€24,991
2024 · -€6,580
Working capital
€56,595▼ 59.6%
2024 · €140,220
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,226▼ 46.5%€2,209▼ 85.5%€25,244▲ 1,043%-€5,082€23,241
Net result€9,786▼ 49.0%€157▼ 98.4%€16,970▲ 10,716%-€6,580€24,991
Equity€210,564▲ 4.9%€210,720▲ 0.1%€210,084▼ 0.3%€148,344▼ 29.4%€47,373▼ 68.1%
Total assets€244,875▼ 3.0%€231,630▼ 5.4%€259,277▲ 11.9%€200,767▼ 22.6%€236,746▲ 17.9%
Debt€34,311▼ 33.7%€20,910▼ 39.1%€49,193▲ 135%€52,423▲ 6.6%€189,373▲ 261%
Working capital€209,778▲ 5.2%€210,177▲ 0.2%€200,589▼ 4.6%€140,220▼ 30.1%€56,595▼ 59.6%
Staff (FTE)0.6▼ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23,241 after a loss of €5,082 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,746
Fixed assets
€5,420 ▼ 41.9%
Current assets
€231,326 ▲ 20.8%
Equity and liabilities €236,746
Equity
€47,373 ▼ 68.1%
Debt
€189,373 ▲ 261%
Debt's share of the balance-sheet total rises from 26.1% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,146▲
2024 · -€936
Cash flow
€28,896▲
2024 · -€2,433
Current ratio
1.32▼
2024 · 3.74
Quick ratio
1.27▼
2024 · 3.73
Debt to equity
4.00▲
2024 · 0.35
ROE
52.8%▲
2024 · -4.4%
ROA
10.6%▲
2024 · -3.3%
Interest coverage
11.71▲
2024 · -0.62
Debt ≤ 1 year
€174,730▲
2024 · €51,222
Debt > 1 year
€0▼
2024 · €1,201
Income taxes
€6,994
Staff costs
€831▼
2024 · €1,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,313 | €223 | €1,559 | €831 | ▼ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €590 | €242 | €2,409 | €4,147 | €3,905 | ▼ 5.8% |
| Other operating charges640/8 | - | €383 | €638 | €441 | €6,794 | ▲ 1,440% |
| Gross operating margin9900 | €38,063 | €4,147 | €28,514 | €1,065 | €34,771 | ▲ 3,166% |
| Operating profit (loss)9901 | €15,226 | €2,209 | €25,244 | -€5,082 | €23,241 | ▲ 557% |
| Financial income75/76B | - | €26 | - | - | €11,063 | - |
| Recurring financial income75 | - | €26 | - | - | €11,063 | - |
| Financial charges65/66B | - | €1,972 | €1,519 | €1,498 | €2,319 | ▲ 54.8% |
| Recurring financial charges65 | €1,540 | €1,972 | €1,519 | €1,498 | €2,319 | ▲ 54.8% |
| Profit (loss) for the period before taxes9903 | €13,686 | €263 | €23,725 | -€6,580 | €31,985 | ▲ 586% |
| Income taxes67/77 | €3,900 | €106 | €6,755 | - | €6,994 | - |
| Profit (loss) for the period9904 | €9,786 | €157 | €16,970 | -€6,580 | €24,991 | ▲ 480% |
| Profit (loss) for the period to be appropriated9905 | €9,786 | €157 | €16,970 | -€6,580 | €24,991 | ▲ 480% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244,875 | €231,630 | €259,277 | €200,767 | €236,746 | ▲ 17.9% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €786 | €544 | €13,472 | €9,325 | €5,420 | ▼ 41.9% |
| Tangible fixed assets22/27 | €726 | €484 | €13,412 | €9,265 | €5,360 | ▼ 42.1% |
| Land and buildings22 | - | - | €13,170 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €9,265 | €5,360 | ▼ 42.1% |
| Furniture and vehicles24 | - | €484 | €242 | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €244,089 | €231,086 | €245,804 | €191,441 | €231,326 | ▲ 20.8% |
| Amounts receivable after more than one year29 | - | €200,000 | €200,000 | €164,351 | €182,019 | ▲ 10.8% |
| Other amounts receivable291 | - | €200,000 | €200,000 | €164,351 | €182,019 | ▲ 10.8% |
| Stocks and contracts in progress3 | €991 | €991 | €991 | €500 | €10,000 | ▲ 1,900% |
| Stocks30/36 | - | €991 | €991 | €500 | €10,000 | ▲ 1,900% |
| Amounts receivable within one year40/41 | €43,064 | €28,341 | €44,780 | €23,997 | €39,269 | ▲ 63.6% |
| Trade receivables40 | - | €13,085 | €27,525 | €14,295 | €37,496 | ▲ 162% |
| Other amounts receivable41 | - | €15,256 | €17,255 | €9,702 | €1,773 | ▼ 81.7% |
| Cash at bank and in hand54/58 | €33 | €1,755 | €33 | €2,594 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | - | €38 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244,875 | €231,630 | €259,277 | €200,767 | €236,746 | ▲ 17.9% |
| Equity10/15 | €210,564 | €210,720 | €210,084 | €148,344 | €47,373 | ▼ 68.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €86,573 | €86,729 | €86,093 | €49,533 | €28,773 | ▼ 41.9% |
| Distributable reserves133 | - | €86,729 | €86,093 | €49,533 | €28,773 | ▼ 41.9% |
| Profit (loss) carried forward14 | €105,391 | €105,391 | €105,391 | €98,811 | €0 | ▼ 100% |
| Amounts payable17/49 | €34,311 | €20,910 | €49,193 | €52,423 | €189,373 | ▲ 261% |
| Amounts payable after more than one year17 | - | - | €3,977 | €1,201 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €3,977 | €1,201 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €34,311 | €20,910 | €45,216 | €51,222 | €174,730 | ▲ 241% |
| Current portion of amounts payable after more than one year42 | - | - | €2,633 | €2,776 | €1,201 | ▼ 56.7% |
| Financial debts43 | - | - | €4,537 | - | €591 | - |
| Credit institutions430/8 | - | - | €4,537 | - | €591 | - |
| Trade debts44 | €7,807 | €10,355 | €5,460 | €6,246 | €9,023 | ▲ 44.5% |
| Suppliers440/4 | - | €10,355 | €5,460 | €6,246 | €9,023 | ▲ 44.5% |
| Taxes, remuneration and social security45 | - | €10,555 | €15,860 | €9,235 | €17,494 | ▲ 89.4% |
| Taxes450/3 | - | €10,555 | €15,860 | €9,235 | €17,494 | ▲ 89.4% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | €16,726 | €32,965 | €146,422 | ▲ 344% |
| Accrued charges and deferred income492/3 | - | - | - | - | €14,643 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,786 | €157 | €16,970 | -€6,580 | €24,991 | ▲ 480% |
| + Depreciation and write-downs630 | €590 | €242 | €2,409 | €4,147 | €3,905 | ▼ 5.8% |
| Operating cash flow (approximation) | €10,377 | €399 | €19,379 | -€2,433 | €28,896 | ▲ 1,288% |
| Investment in fixed assets (approximation) | - | €0 | -€15,338 | €0 | -€0 | - |
| Change in cash | - | €1,721 | -€1,721 | €2,561 | -€2,594 | ▼ 201% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €24,991
Net result €24,991 after one loss-making year.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€6,580
Net result drops to -€6,580, the lowest in the series; recovery starts the following year.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200,000Eq €200,777 ▲10.6%
3 profitable years in a row build equity to €200,777.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
26-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 218 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Dour · 1 establishment unit since 2007
Ground area
514 m²
Building footprint
155 m²
Volume, LiDAR
754 m³
Parcel 53020A1174/00Y000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Fleurichamps 18, 7370 Dour
since 20072.162.988.845
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53020A1174/00Y000 | Wallonia | 514 m² | 1 · 155 m² | 7.1 m · 2 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.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,511 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
Founded31-05-2007
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Contact
Phone
0495503497Dour
Scores and ratios are computed by Checked and are not a credit decision.