VyDec services

Active

Private limited companyfounded 20187 yrs activeRue du Progrès(FRY) 31, 7503 Tournai, BelgiumKBO/BCE: BE 0716.816.043

The computed 12-month bankruptcy probability of VyDec services is 2.4% (moderate). The 2025 annual accounts show equity of €24k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 27358 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair▼ -20 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency28▼-2

Growth78▲+46

Stability100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity short (current ratio 0.72 against 1.12 in 2024), and 76.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 27358 sector peers (2025).

NBB · sector comparison

Position among 27358 sector peers

Solvency

better than 25%

← weakest strongest →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year €24k

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

on the day

2024

6 d early

2023

7 d early

2022

22 d late

2021

25 d late

2020

30 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close13-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€24k▲ 121%

2024 · €11k

2020: €15k 2021: €16k 2022: €7k 2023: €6k 2024: €11k

2020 → 2025

Total assets

€104k▲ 97.3%

2024 · €52k

2020: €47k 2021: €58k 2022: €16k 2023: €17k 2024: €52k

2020 → 2025

Net result

€13k▲ 192%

2024 · €5k

2020: €9k 2021: €598 2022: €-9k 2023: €-468 2024: €5k

2020 → 2025

Working capital

€-22k

2024 · €5k

2020: €14k 2021: €15k 2022: €7k 2023: €6k 2024: €5k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€16k-€7k▼ 55.9%€6k▼ 6.8%€11k▲ 71.0%€24k▲ 121%

Operating result€699-€-9k€-434▲ 95.0%€4k€16k▲ 312%

Net result€598-€-9k€-468▲ 94.6%€5k€13k▲ 192%

Turnover and EBIT margin not published: the micro 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 312% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €104k

44.8%

55.2%

Fixed assets €46k▲ 671%

Current assets €57k▲ 23.0%

Equity and liabilities €104k

23.5%

76.5%

Equity €24k▲ 121%

Debt €79k▲ 90.9%

The debt ratio falls from 79.0% to 76.5%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€21k▲

2024 · €4k

Cash flow

€18k▲

2024 · €5k

Solvency

23.5%▲

2024 · 21.0%

Current ratio

0.72▼

2024 · 1.12

Quick ratio

0.72▼

2024 · 1.12

Debt / equity

3.25▼

2024 · 3.77

ROE

54.8%▲

2024 · 41.5%

ROA

12.9%▲

2024 · 8.7%

Interest coverage

341.30▲

2024 · 107.27

Debt

€79k▲

2024 · €41k

Debt ≤ 1 year

€79k▲

2024 · €41k

Income taxes

€3k

Staff costs

€431

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€52k€104k▲

Fixed assets21/28€6k€46k▲

Tangible fixed assets22/27€6k€46k▲

Plant, machinery and equipment23€6k€11k▲

Furniture and vehicles24-€36k

Financial fixed assets28€32€129▲

Current assets29/58€46k€57k▲

Amounts receivable within one year40/41€18k€47k▲

Trade receivables40€18k€45k▲

Other amounts receivable41€4€2k▲

Cash at bank and in hand54/58€28k€10k▼

Deferred charges and accrued income490/1-€165

Equity and liabilities

Total equity and liabilities10/49€52k€104k▲

Equity10/15€11k€24k▲

Contributions10/11€6k€7k▲

Capital10€6k-

Issued capital100€19k-

Uncalled capital101€12k-

Reserves13€442-

Non-distributable reserves130/1€442-

Legal reserve130€442-

Profit (loss) carried forward14€4k€18k▲

Amounts payable17/49€41k€79k▲

Amounts payable within one year42/48€41k€79k▲

Trade debts44€32k€38k▲

Suppliers440/4€32k€38k▲

Taxes, remuneration and social security45€9k€4k▼

Taxes450/3€7k€1k▼

Remuneration and social security454/9€2k€3k▲

Other amounts payable47/48-€37k

Income statement Code20242025

Remuneration, social security and pensions62-€431

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130€5k▲

Other operating charges640/8€448€742▲

Gross operating margin9900€4k€22k▲

Operating profit (loss)9901€4k€16k▲

Financial income75/76B€718€0▼

Recurring financial income75€718€0▼

Non-recurring financial income76B€718-

Financial charges65/66B€37€62▲

Recurring financial charges65€37€62▲

Profit (loss) for the period before taxes9903€5k€16k▲

Income taxes67/77-€3k

Profit (loss) for the period9904€5k€13k▲

Profit (loss) for the period to be appropriated9905€5k€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€4k€18k▲

Profit (loss) brought forward from the previous period14P€-208€4k▲

Transfer from equity791/2-€7k

Transfer to equity691/2-€7k

To contributions691-€7k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-10-2026

2025

31-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

31-03

Financial Highest result since 2020net €13k ▲192%

Operating result €16k, net result €13k, both a record.

2024

25-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

31-03

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

2023

24-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

22-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 22 days late

31-03

Financial Weakest financial yearnet €-9k ▼1562%

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

2021

25-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 25 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Tournai · 1 establishment unit since 2018

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Progrès(FRY) 317503 Tournai

Ground area

4,271 m²

Building footprint

337 m²

Volume, LiDAR

3,814 m³

Parcel 57031B0362/00R005, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

VyDec services

Rue du Progrès(FRY) 31, 7503 TournaiConstruction of utility projects for electricity and telecommunications

since 20182.284.338.023

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57031B0362/00R005	Wallonia	4,270 m²	1 · 337 m²	11.8 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

HWR

BE 0779.952.452

Mouscron · Eq €24k

NIHAT & IHSAN ELECTRO STRATEGY

BE 0820.763.124

Brussel · Eq €24k

Roy Van Gorp Elektriciteitswerken

Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,576 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-12-2018

Fiscal year end31-03

Activities, NACEBEL

43211General electrical installation work

43240Other construction installation

43299Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.