Equity
€47,373 from €210,720 in 2022
Equity fell by 78% in 3 years.
VVS ENGINEERING
Lifetime
18 annual accounts with figures on one time axispeak €82,498 (2017)
€34,771▲ 33×
lowest -€7,594 (2008)
€24,991▲ €31,572
peak €210,720 (2022)
€47,373▼ 68.1%
€189,373▲ 261%
peak 1 FTE (2020)
-not published
Board2 names since 2009
-
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €1,065 to €34,771Back to profit: €24,991Dividend €146,422Equity from €148,344 to €47,373Debts from €52,423 to €189,373Cash from €2,594 to €0
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 24% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.4%▼ -0.2 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025lowest value
11-2025: 0.5%▲ +0.1 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.32, cash €0, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2007
Size: total assets €236,746
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 43, micro). It does better than 22% of them on solvency, 6% on liquidity, 63% on profitability and 6% 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 5,053 companies had the same profile as VVS ENGINEERING has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VVS ENGINEERING itself: 0.8% 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 5,053 companies, not a prediction for VVS ENGINEERING. 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 €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (3.74 in 2024), below the usual 1.5. Short-term debt is 73.8% and cash 0% of total assets. 80% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 35156 sector peers (2025).
NBB · sector comparisonPosition among 35156 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 days early
2023
77 days early
2022
76 days early
2021
78 days early
2020
72 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 62 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 13 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889754571
Change of role: VISEE Vincent, from manager to director
Legal-form conversion: to private limited company · General meeting of 28-12-2023 · Gazette deed
Resignations & appointments
Vincent VISEE holds 186 shares · General meeting of 20-12-2018 · Gazette deed
Resignation: DEDECKER Eddy (technical director)
Vincent VISEE holds 176 shares · Patrick LOUIS holds 10 shares · General meeting of 30-11-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VVS ENGINEERING Dour | €236,746 | €34,771 | 20.0% | - |
| CHAUFFAGE NOEL ET FILS Charleroi | €225,338 | €34,680 | 83.9% | - |
| FRANQUELLI REMO Genk | €222,255 | €36,162 | 94.0% | - |
| DPS VERWARMING Kruisem | €249,476 | €37,796 | 69.5% | - |
| HUIS DOBBELAERE H. Maldegem | €228,101 | €31,723 | 88.4% | - |
| DAENE THIERRY Dalhem | €250,570 | €36,901 | 81.3% | - |
| JUDONG Voeren | €207,614 | €35,511 | 13.9% | - |
These companies have the same main activity as VVS ENGINEERING: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €208,000 and €251,000, founded between 2004 and 2009.
Official details
Source: KBO- Status
- Active since 31-05-2007Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
- Establishment unit
- 2.162.988.8457370 Dour, since 23-05-2007
- Financial year end
- 30 September
- Peppol
- Reachable since 06-01-2026
Annual accounts to 30-09-2025
- ≈ €200,000estimated
- €236,746▲ 17.9%
- ≈ 0 FTEestimated
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on VVS ENGINEERING
VVS ENGINEERING files the micro format. That format states no turnover. The gross margin rose from -€5,741 in 2008 to €34,771 in 2025.
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 VVS ENGINEERING
- What is the company number of VVS ENGINEERING?
- The company number of VVS ENGINEERING is 0889.754.571. The VAT number is the same number with BE in front: BE 0889.754.571.
- Where is VVS ENGINEERING based?
- The registered office is at Rue Fleurichamps 18, 7370 Dour.Company details
- What does VVS ENGINEERING do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of VVS ENGINEERING?
- VVS ENGINEERING is a private limited company (BV).
- When was VVS ENGINEERING founded?
- VVS ENGINEERING was founded on 31-05-2007.
- Is VVS ENGINEERING still active?
- Yes, VVS ENGINEERING is an active enterprise in the KBO register.
- How many employees does VVS ENGINEERING have?
- VVS ENGINEERING had an average of 0.6 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of VVS ENGINEERING?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €34,771 and 33 comparable companies (NACE 43222). It probably lies between €150,000 and €230,000.
- Is VVS ENGINEERING profitable?
- In financial year 2025, VVS ENGINEERING made a profit of €24,991.
- Where can I find the annual accounts of VVS ENGINEERING?
- VVS ENGINEERING filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VVS ENGINEERING due?
- VVS ENGINEERING must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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