Equity
-€254,444
Debts exceed assets in financial year 2025.
VYTECH DUFFEL
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €2.4m (2018)
€4,135▼ 99.3%
lowest -€983,692 (2023)
-€218,987▲ €358,394
peak €1.4m (2019)
-€254,444▲ €169,000
€1.3m▼ 34.6%
peak 33.5 FTE (2021)
2.4 FTE▼ 76.0%
Board9 names since 2021
3 directorsVYTECH GROUP and 2 others
Owners3 names in the annual accounts
100%VYTECH MENEN and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from €575,166 to €4,135Loss of €218,987Staff from 10 FTE to 2.4 FTECapital increase of €825,000 30-072 directors appointed, 2 resignations 27-02Equity from -€423,444 to -€254,444
Key points
from the 2025 annual accountsLosses
-€3.3m in six years
Every financial year from 2020 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€1.3m 125% of the balance sheet
Financial debts 77%Suppliers 16%Taxes and wages 0%Other 6%
€850,000 of the debts are secured on the company's own assets. In 2021 that was €328,105.
Staff
2.4 FTE from 33.5 in 2021
Between 2021 and 2025, 93% of the full-time equivalents disappeared.
Filings
28 annual accounts since 1998
Six of the last ten came late. The 2020 accounts came latest: 61 days after the end of the period.
Position in the sector
-25.3%
Lower solvency than 95% of companies in fabricated metal products. Sector median 46.4% · 1,244 companies.
Checked score
35
Weak
Financially stronger than 23% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.4%● unchanged vs 12-2024lowest value
02-2025: 3.5%▲ +0.1 percentage points vs 01-2025
03-2025: 3.8%▲ +0.3 percentage points vs 02-2025
04-2025: 3.9%▲ +0.1 percentage points vs 03-2025
05-2025: 3.8%▼ -0.1 percentage points vs 04-2025
06-2025: 4.0%▲ +0.2 percentage points vs 05-2025
07-2025: 6.3%▲ +2.3 percentage points vs 06-2025
08-2025: 6.3%● unchanged vs 07-2025
09-2025: 6.4%▲ +0.1 percentage points vs 08-2025
10-2025: 6.4%● unchanged vs 09-2025
11-2025: 6.4%● unchanged vs 10-2025
12-2025: 6.9%▲ +0.5 percentage points vs 11-2025
01-2026: 6.9%● unchanged vs 12-2025
02-2026: 8.6%▲ +1.7 percentage points vs 01-2026
03-2026: 8.3%▼ -0.3 percentage points vs 02-2026
04-2026: 8.5%▲ +0.2 percentage points vs 03-2026
05-2026: 8.9%▲ +0.4 percentage points vs 04-2026
06-2026: 8.7%▼ -0.2 percentage points vs 05-2026
07-2026: 8.9%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 5.7%▼ -3.2 percentage points vs 07-2026
09-2026: 5.7%● unchanged vs 08-2026
10-2026: 5.7%● unchanged vs 09-2026
11-2026: 5.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€254,444
Loss of €218,987, the second in a row (financial year 2025)
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
1 change of registered office in 24 months
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 25, micro). It does better than 3% of them on solvency, 3% on liquidity, 4% on profitability and 83% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 6,619 companies had the same profile as VYTECH DUFFEL has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VYTECH DUFFEL itself: 5.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for VYTECH DUFFEL. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.56 (0.66 in 2024), below 1. Short-term debt is 111.8% and cash 3.1% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€254,444
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
42 days early
2023
29 days late
2022
31 days late
2021
61 days late
2020
61 days late
2019
60 days late
← 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 25 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VYTECH MENEN 100%score 54equity €1.8m (2025) · 2025 annual accounts of VYTECH MENEN
Recent changes
Registered office moved from Duffel to Menen
New registered office: Krommebeekstraat 15, 8930 Menen · Previous registered office: Nijverheidsstraat 18, 2570 Duffel · Board meeting of 09-01-2026 · Gazette deed
Capital increase of €825,000
Reappointment: Moore Audit BV (statutory auditor) · General meeting of 10-07-2025 · Gazette deed
2 directors appointed, 2 resignations
Resignations: VYBROS INVEST BV and VYBROS NV · Appointments: VYBROS CAPITAL PARTNERS BV and VCP GP BV · Director discharge: VYBROS INVEST BV · General meeting of 06-02-2025 · Gazette deed
Company renamed from RAES CONSTRUCTIES to VYTECH DUFFEL
Capital contribution of €1,221,408 · Resignations: Guy Vande Vyvere, Vytech and Vybros Invest · Reappointments: Guy Vande Vyvere, Vytech and Vybros Invest · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VYTECH DUFFEL Menen | €1.0m | €4,135 | -25.3% | 2.4 |
| CONSTRUCTIE VERGAUWE Bruges | €1.9m | -€220,106 | 10.3% | 3 |
| E&W CONCEPTS Blankenberge | €0.5m | €2,887 | -1.5% | - |
| Tramat Dilsen-Stokkem | €0.7m | -€32,543 | 29.5% | 1 |
| JM IMMO Maaseik | €1.4m | €12,429 | 94.0% | - |
| HENRI SNOECK Thimister-Clermont | €0.9m | €13,551 | 83.0% | - |
| INTERSTRUCTURE Meise | €1.1m | €6,029 | 100.0% | - |
These companies have the same main activity as VYTECH DUFFEL: machining of metals (NACE 25530). They are comparable in size and age: total assets between €525,000 and €1.9m, founded between 1968 and 2007.
Official details
Source: KBO- Status
- Active since 25-07-1997Normal situation
- Activity
- Machining of metalsNACE 25530and 2 others
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.082.907.8238930 Menen, since 07-08-1997
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €28,000estimated
- €1.0m▼ 33.1%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to VYTECH DUFFEL
Parent and group
Insights on VYTECH DUFFEL
VYTECH DUFFEL files the abbreviated format. That format states no turnover. The gross margin fell from €510,435 in 2006 to €4,135 in 2025.
VYTECH MENEN holds all the shares. In January 2023, three directors stepped down.
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 VYTECH DUFFEL
- What is the company number of VYTECH DUFFEL?
- The company number of VYTECH DUFFEL is 0461.173.830. The VAT number is the same number with BE in front: BE 0461.173.830.
- Where is VYTECH DUFFEL based?
- The registered office is at Krommebeekstraat 15, 8930 Menen.Company details
- What does VYTECH DUFFEL do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of VYTECH DUFFEL?
- VYTECH DUFFEL is a private limited company (BV).
- When was VYTECH DUFFEL founded?
- VYTECH DUFFEL was founded on 25-07-1997.
- Is VYTECH DUFFEL still active?
- Yes, VYTECH DUFFEL is an active enterprise in the KBO register.
- How many employees does VYTECH DUFFEL have?
- VYTECH DUFFEL had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VYTECH DUFFEL fall under?
- In its 2025 annual accounts, VYTECH DUFFEL states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of VYTECH DUFFEL?
- The turnover in financial year 2025 is ≈ €28,000. This figure is estimated from the gross margin of €4,135 and 35 comparable companies (NACE 25). It probably lies between €12,000 and €55,000. It is a rough estimate.
- Is VYTECH DUFFEL profitable?
- In financial year 2025, VYTECH DUFFEL made a loss of €218,987.
- Where can I find the annual accounts of VYTECH DUFFEL?
- VYTECH DUFFEL filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VYTECH DUFFEL due?
- VYTECH DUFFEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.Vybros Capital Partners · 68 companies
See how customers, suppliers and banks see your own company and what to improve first.