VVTRONICS
ActiveSummary
The computed 12-month bankruptcy probability of VVTRONICS is 2.3% (moderate). The 2025 annual accounts show equity of €166,125 and a net result of €44,340. Equity is growing by ~44.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 28051 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency88▲+14
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.11 in 2024; short-term debt: 35.6% and cash: 50% of total assets), and 36.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
63.4%
Return on assets
16.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 3 filingsDeviation from the deadline
2025
17 d late
2024
36 d early
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 3 days after 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€166,125▲ 36.4%
2024 · €121,784
Total assets
€261,907▲ 5.5%
2024 · €248,347
Net result
€44,340▼ 30.1%
2024 · €63,446
Working capital
€84,562▲ 536%
2024 · €13,287
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
Line202320242025
Operating result€71,494-€80,702▲ 12.9%€58,281▼ 27.8%
Net result€57,338-€63,446▲ 10.7%€44,340▼ 30.1%
Equity€58,338-€121,784▲ 109%€166,125▲ 36.4%
Total assets€162,506-€248,347▲ 52.8%€261,907▲ 5.5%
Debt€104,169-€126,562▲ 21.5%€95,782▼ 24.3%
Working capital-€21,335-€13,287€84,562▲ 536%
Staff (FTE)0.61▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261,907
Fixed assets
€84,072 ▼ 24.1%
Current assets
€177,835 ▲ 29.3%
Equity and liabilities €261,907
Equity
€166,125 ▲ 36.4%
Debt
€95,782 ▼ 24.3%
Debt's share of the balance-sheet total falls from 51.0% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,603▼
2024 · €101,913
Cash flow
€72,662▼
2024 · €84,657
Current ratio
1.91▲
2024 · 1.11
Quick ratio
1.72▲
2024 · 0.87
Debt to equity
0.58▼
2024 · 1.04
ROE
26.7%▼
2024 · 52.1%
ROA
16.9%▼
2024 · 25.5%
Interest coverage
31.09▼
2024 · 42.76
Debt ≤ 1 year
€93,272▼
2024 · €124,229
Income taxes
€11,155▼
2024 · €14,935
Staff costs
€56,347▲
2024 · €29,455
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €29,455 | €56,347 | ▲ 91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,256 | €21,210 | €28,321 | ▲ 33.5% |
| Other operating charges640/8 | - | €380 | €186 | ▼ 51.1% |
| Gross operating margin9900 | €77,750 | €131,748 | €143,135 | ▲ 8.6% |
| Operating profit (loss)9901 | €71,494 | €80,702 | €58,281 | ▼ 27.8% |
| Financial income75/76B | €224 | €63 | - | - |
| Recurring financial income75 | €224 | €63 | - | - |
| Financial charges65/66B | - | €2,384 | €2,786 | ▲ 16.9% |
| Recurring financial charges65 | - | €2,384 | €2,786 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €71,718 | €78,381 | €55,495 | ▼ 29.2% |
| Income taxes67/77 | €14,380 | €14,935 | €11,155 | ▼ 25.3% |
| Profit (loss) for the period9904 | €57,338 | €63,446 | €44,340 | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €57,338 | €63,446 | €44,340 | ▼ 30.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €162,506 | €248,347 | €261,907 | ▲ 5.5% |
| Fixed assets21/28 | €79,673 | €110,831 | €84,072 | ▼ 24.1% |
| Tangible fixed assets22/27 | €79,673 | €110,831 | €84,072 | ▼ 24.1% |
| Plant, machinery and equipment23 | €2,667 | €1,667 | €667 | ▼ 60.0% |
| Furniture and vehicles24 | €77,007 | €109,165 | €83,405 | ▼ 23.6% |
| Current assets29/58 | €82,833 | €137,515 | €177,835 | ▲ 29.3% |
| Stocks and contracts in progress3 | €20,057 | €29,283 | €17,535 | ▼ 40.1% |
| Stocks30/36 | €20,057 | €29,283 | €17,535 | ▼ 40.1% |
| Amounts receivable within one year40/41 | €25,973 | €34,526 | €29,309 | ▼ 15.1% |
| Trade receivables40 | €17,095 | €21,632 | €18,167 | ▼ 16.0% |
| Other amounts receivable41 | €8,877 | €12,894 | €11,142 | ▼ 13.6% |
| Cash at bank and in hand54/58 | €36,803 | €73,706 | €130,991 | ▲ 77.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €162,506 | €248,347 | €261,907 | ▲ 5.5% |
| Equity10/15 | €58,338 | €121,784 | €166,125 | ▲ 36.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €57,338 | €120,784 | €165,125 | ▲ 36.7% |
| Amounts payable17/49 | €104,169 | €126,562 | €95,782 | ▼ 24.3% |
| Amounts payable within one year42/48 | €104,169 | €124,229 | €93,272 | ▼ 24.9% |
| Trade debts44 | €8,530 | €22,375 | €25,329 | ▲ 13.2% |
| Suppliers440/4 | €8,530 | €22,375 | €25,329 | ▲ 13.2% |
| Taxes, remuneration and social security45 | €14,380 | €29,389 | €14,935 | ▼ 49.2% |
| Taxes450/3 | €14,380 | €29,389 | €14,935 | ▼ 49.2% |
| Other amounts payable47/48 | €81,258 | €72,464 | €53,009 | ▼ 26.8% |
| Accrued charges and deferred income492/3 | - | €2,334 | €2,509 | ▲ 7.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,338 | €63,446 | €44,340 | ▼ 30.1% |
| + Depreciation and write-downs630 | €6,256 | €21,210 | €28,321 | ▲ 33.5% |
| Operating cash flow (approximation) | €63,594 | €84,657 | €72,662 | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | -€52,368 | -€1,562 | ▲ 97.0% |
| Change in cash | - | €36,903 | €57,285 | ▲ 55.2% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €44,340 ▼30.1%
Net result drops to €44,340, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €166,125 ▲36.4%
3 profitable years in a row build equity to €166,125.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €63,446 ▲10.7%
Operating result €80,702, net result €63,446, both a record.
31-12
Financial
Equity above €100,000Eq €121,784 ▲109%
2 profitable years in a row build equity to €121,784.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Denderleeuw · 1 establishment unit since 2023
Ground area
962 m²
Building footprint
123 m²
Volume, LiDAR
22 m³
Parcel 41402B1324/00S002, Flanders · tallest building 6.8 m. Linked by address, not a title deed.
1 establishment unit
VVTRONICS
since 20232.347.893.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41402B1324/00S002 | Flanders | 962 m² | 1 · 123 m² | 6.8 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 1,835 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,835 EUR | 1,500 EUR |
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SECURE ELECTRONICS
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,518 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
Founded05-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.