V.T.S. BORINGEN
ActiveV.T.S. BORINGEN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395k and a net result of €-62k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 80% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-69
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.35 in 2024; short-term debt: 22.7% and cash: 23.8% of total assets), and 25.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
75 d early
2022
10 d late
2021
72 d early
2020
11 d late
2019
77 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€395k▼ 13.6%
2024 · €457k
2018: €484k
2019: €499k
2020: €427k
2021: €450k
2022: €436k
2023: €438k
2024: €457k
2018 → 2025
Total assets
€527k▼ 11.1%
2024 · €592k
2018: €673k
2019: €686k
2020: €591k
2021: €603k
2022: €603k
2023: €596k
2024: €592k
2018 → 2025
Net result
€-62k
2024 · €19k
2018: €-46k
2019: €15k
2020: €-72k
2021: €22k
2022: €-14k
2023: €2k
2024: €19k
2018 → 2025
Working capital
€81k▼ 45.2%
2024 · €148k
2018: €149k
2019: €200k
2020: €122k
2021: €156k
2022: €128k
2023: €125k
2024: €148k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€450k-€436k▼ 3.0%€438k▲ 0.4%€457k▲ 4.4%€395k▼ 13.6%
Operating result€24k-€-11k€4k€20k▲ 475%€-62k
Net result€22k-€-14k€2k€19k▲ 899%€-62k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €62k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527k
Fixed assets
€326k▼ 2.6%
Current assets
€201k▼ 22.0%
Equity and liabilities €527k
Equity
€395k▼ 13.6%
Debt
€132k▼ 2.3%
The debt ratio rises from 22.9% to 25.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-45k▼
2024 · €46k
Cash flow
€-45k▼
2024 · €45k
Solvency
74.9%▼
2024 · 77.1%
Current ratio
1.68▼
2024 · 2.35
Quick ratio
1.58▼
2024 · 1.80
Debt / equity
0.34▲
2024 · 0.30
ROE
-15.8%▼
2024 · 4.2%
ROA
-11.8%▼
2024 · 3.2%
Interest coverage
-58.58▼
2024 · 40.25
Debt
€132k▼
2024 · €135k
Debt ≤ 1 year
€120k▲
2024 · €110k
Debt > 1 year
€12k▼
2024 · €26k
Income taxes
€949▲
2024 · €372
Staff costs
€136k▲
2024 · €105k
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€592k€527k▼
Fixed assets21/28€335k€326k▼
Tangible fixed assets22/27€334k€326k▼
Land and buildings22€311k€312k▲
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€17k€7k▼
Financial fixed assets28€160-
Current assets29/58€258k€201k▼
Stocks and contracts in progress3€60k€12k▼
Stocks30/36€11k€8k▼
Contracts in progress37€49k€4k▼
Amounts receivable within one year40/41€126k€59k▼
Trade receivables40€126k€58k▼
Other amounts receivable41€375€937▲
Cash at bank and in hand54/58€60k€126k▲
Deferred charges and accrued income490/1€12k€4k▼
Equity and liabilities
Total equity and liabilities10/49€592k€527k▼
Equity10/15€457k€395k▼
Contributions10/11€357k€357k=
Reserves13€11k€11k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€89k€27k▼
Amounts payable17/49€135k€132k▼
Amounts payable after more than one year17€26k€12k▼
Financial debts170/4€26k€12k▼
Amounts payable within one year42/48€110k€120k▲
Current portion of amounts payable after more than one year42€15k€13k▼
Trade debts44€16k€41k▲
Suppliers440/4€16k€41k▲
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€12k€444▼
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€62k€59k▼
Income statement
Code20242025
Non-recurring operating income76A€0€432▲
Remuneration, social security and pensions62€105k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€17k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€25k
Other operating charges640/8€16k€12k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€167k€127k▼
Operating profit (loss)9901€20k€-62k▼
Financial income75/76B€166€1k▲
Recurring financial income75€166€1k▲
Financial charges65/66B€1k€766▼
Recurring financial charges65€1k€766▼
Profit (loss) for the period before taxes9903€19k€-61k▼
Income taxes67/77€372€949▲
Profit (loss) for the period9904€19k€-62k▼
Profit (loss) for the period to be appropriated9905€19k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€27k▼
Profit (loss) brought forward from the previous period14P€70k€89k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Weakest financial yearnet €-72k ▼588%
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herselt · 1 establishment unit since 1996
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.
G. Vandenheuvelstr. 1292230 HerseltGround area
1,028 m²
Building footprint
259 m²
Volume, LiDAR
1,218 m³
Parcel 13034H0473/00K002, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V.T.S BORINGEN
since 19962.078.853.520
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034H0473/00K002 | Flanders | 1,028 m² | 1 · 259 m² | 10.3 m · 1 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
ARPAL
BE 0468.123.087
Wuustwezel · Eq €404k
DE SCHUTTER BORINGEN
BE 0820.873.881
Zandhoven · Eq €386k
ADVISON
BE 0463.585.071
Hoeilaart · Eq €380k
ALTAÏS
BE 0744.616.738
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UXSOlutions
BE 0436.240.474
Oostende · Eq €416k
Of 607 companies in sector 43130 we hold annual accounts for 302. 224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-1996
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43130Specialised construction activities
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.