VYSAVY
ActiveSummary
VYSAVY has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,269 and a net result of €2,532. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency68▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.1 against 2.19 in 2024; short-term debt: 29.1% and cash: 76.9% of total assets), but 56.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
5.4%
Age of the figures
18 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €20,269
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-10-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
29 d early
2023
27 d late
2022
15 d early
2021
2 d late
2020
18 d early
2019
26 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 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,269▲ 14.3%
2024 · €17,737
Total assets
€46,910▼ 4.7%
2024 · €49,233
Net result
€2,532▲ 1.5%
2024 · €2,495
Working capital
€28,676▲ 46.6%
2024 · €19,566
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-€157-€41,672▼ 26,443%€3,361€2,810▼ 16.4%€2,730▼ 2.8%
Net result-€1,717▼ 198%-€42,278▼ 2,362%€2,931€2,495▼ 14.9%€2,532▲ 1.5%
Equity€148,673▼ 1.1%€12,311▼ 91.7%€15,242▲ 23.8%€17,737▲ 16.4%€20,269▲ 14.3%
Total assets€196,039▲ 16.4%€53,582▼ 72.7%€51,897▼ 3.1%€49,233▼ 5.1%€46,910▼ 4.7%
Debt€47,366▲ 163%€41,271▼ 12.9%€36,655▼ 11.2%€31,496▼ 14.1%€26,641▼ 15.4%
Working capital€95,342▼ 3.5%€7,331▼ 92.3%€13,788▲ 88.1%€19,566▲ 41.9%€28,676▲ 46.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Equity -92%, Total assets -73% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,910
Fixed assets
€4,593 ▼ 65.1%
Current assets
€42,317 ▲ 17.3%
Equity and liabilities €46,910
Equity
€20,269 ▲ 14.3%
Debt
€26,641 ▼ 15.4%
Debt's share of the balance-sheet total falls from 64.0% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,293▼
2024 · €11,468
Cash flow
€11,095▼
2024 · €11,153
Current ratio
3.10▲
2024 · 2.19
Debt to equity
1.31▼
2024 · 1.78
ROE
12.5%▼
2024 · 14.1%
ROA
5.4%▲
2024 · 5.1%
Interest coverage
57.04▲
2024 · 36.41
Debt ≤ 1 year
€13,641▼
2024 · €16,511
Staff costs
€1,188▼
2024 · €1,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.2% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €396 | €921 | €1,855 | €1,188 | ▼ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,600 | €56,155 | €8,906 | €8,658 | €8,563 | ▼ 1.1% |
| Other operating charges640/8 | - | €3,079 | €1,338 | €630 | €1,491 | ▲ 137% |
| Gross operating margin9900 | €16,486 | €17,958 | €14,526 | €13,953 | €13,972 | ▲ 0.1% |
| Operating profit (loss)9901 | -€157 | -€41,672 | €3,361 | €2,810 | €2,730 | ▼ 2.8% |
| Financial charges65/66B | - | €558 | €430 | €315 | €198 | ▼ 37.1% |
| Recurring financial charges65 | - | €558 | €430 | €315 | €198 | ▼ 37.1% |
| Non-recurring financial charges66B | - | €558 | €430 | €315 | €198 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | -€627 | -€42,230 | €2,931 | €2,495 | €2,532 | ▲ 1.5% |
| Income taxes67/77 | €1,090 | €48 | - | - | - | - |
| Profit (loss) for the period9904 | -€1,717 | -€42,278 | €2,931 | €2,495 | €2,532 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,717 | -€42,278 | €2,931 | €2,495 | €2,532 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,039 | €53,582 | €51,897 | €49,233 | €46,910 | ▼ 4.7% |
| Fixed assets21/28 | €86,064 | €29,909 | €21,814 | €13,156 | €4,593 | ▼ 65.1% |
| Tangible fixed assets22/27 | €86,064 | €29,909 | €21,814 | €13,156 | €4,593 | ▼ 65.1% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €29,909 | €21,814 | €13,156 | €4,593 | ▼ 65.1% |
| Current assets29/58 | €109,975 | €23,673 | €30,083 | €36,077 | €42,317 | ▲ 17.3% |
| Amounts receivable after more than one year29 | - | - | €0 | - | - | - |
| Trade receivables290 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €88 | €11,860 | €0 | - | - | - |
| Trade receivables40 | - | €11,860 | €0 | - | - | - |
| Current investments50/53 | €5,916 | €5,916 | €5,916 | €5,916 | €5,916 | = |
| Cash at bank and in hand54/58 | €103,014 | €5,897 | €23,871 | €29,695 | €36,080 | ▲ 21.5% |
| Deferred charges and accrued income490/1 | - | - | €296 | €466 | €321 | ▼ 31.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,039 | €53,582 | €51,897 | €49,233 | €46,910 | ▼ 4.7% |
| Equity10/15 | €148,673 | €12,311 | €15,242 | €17,737 | €20,269 | ▲ 14.3% |
| Contributions10/11 | €137,710 | €43,626 | €43,626 | €43,626 | €43,626 | = |
| Capital10 | - | €43,626 | €43,626 | - | - | - |
| Issued capital100 | - | €56,226 | €56,226 | - | - | - |
| Uncalled capital101 | - | €12,600 | €12,600 | - | - | - |
| Reserves13 | €1,943 | €1,943 | €1,943 | €1,943 | €1,943 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | €1,900 | €1,900 | - | - | - |
| Other1319 | - | - | - | €1,900 | €1,900 | = |
| Distributable reserves133 | - | €43 | €43 | €43 | €43 | = |
| Profit (loss) carried forward14 | €9,020 | -€33,258 | -€30,327 | -€27,832 | -€25,300 | ▲ 9.1% |
| Amounts payable17/49 | €47,366 | €41,271 | €36,655 | €31,496 | €26,641 | ▼ 15.4% |
| Amounts payable after more than one year17 | €27,533 | €20,000 | €12,351 | €4,585 | - | - |
| Financial debts170/4 | - | €20,000 | €12,351 | €4,585 | - | - |
| Amounts payable within one year42/48 | €14,633 | €16,342 | €16,295 | €16,511 | €13,641 | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €7,534 | €7,649 | €7,766 | €4,585 | ▼ 41.0% |
| Trade debts44 | €6,327 | €6,402 | €6,414 | €6,499 | €7,127 | ▲ 9.7% |
| Suppliers440/4 | - | €6,402 | €6,414 | €6,499 | €7,127 | ▲ 9.7% |
| Taxes, remuneration and social security45 | - | €2,406 | €2,232 | €2,246 | €1,929 | ▼ 14.1% |
| Taxes450/3 | - | €2,406 | €2,232 | €2,246 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €1,929 | - |
| Accrued charges and deferred income492/3 | - | €4,929 | €8,009 | €10,400 | €13,000 | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,717 | -€42,278 | €2,931 | €2,495 | €2,532 | ▲ 1.5% |
| + Depreciation and write-downs630 | €13,600 | €56,155 | €8,906 | €8,658 | €8,563 | ▼ 1.1% |
| Operating cash flow (approximation) | €11,883 | €13,877 | €11,837 | €11,153 | €11,095 | ▼ 0.5% |
| Investment in fixed assets (approximation) | - | €0 | -€811 | €0 | €0 | - |
| Change in cash | - | -€97,117 | €17,974 | €5,824 | €6,385 | ▲ 9.6% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
31-03
Financial
Back to profitnet €2,931
Net result €2,931 after 4 loss-making years.
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€42,278
Net result drops to -€42,278, the lowest in the series; recovery starts the following year.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Oostkamp · 1 establishment unit since 2000
Ground area
417 m²
Parcel 31403H0764/00Z002, Flanders. Linked by address, not a title deed.
1 establishment unit
Maciebergstraat 5, 8020 Oostkamp
since 20002.097.516.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0764/00Z002 | Flanders | 417 m² | - | - |
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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 3,991 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
Founded07-06-2000
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472060693
Also
9925:BE0472060693
Registered
19-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.