Vlegels Philippe
Vlegels Philippe has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308k and a net result of €17k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 47% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €308k |
| Net result | €17k |
| Staff (FTE) | 2 |
| Better than sector | 47% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 44.8% | 47.4% | |
| Net result | €17k | €10k | |
| Equity | €308k | €60k | |
| Gross operating margin | €234k | €39k | |
| Staff costs | €124k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | €550k | - | - | - | - |
| EBITDA | €107k | €108k | €57k | €77k | €53k |
| Net profit | €17k | €59k | €21k | €36k | €25k |
| Cash flow | €80k | €121k | €50k | €65k | €50k |
| Staff costs | €124k | €120k | €91k | €85k | - |
| Income taxes | €11k | €22k | €3k | €13k | €5k |
| Dividends | €16k | - | - | - | - |
| Total assets | €688k | €632k | €428k | €376k | €343k |
| Equity | €308k | €307k | €248k | €300k | €265k |
| Debt | €380k | €325k | €180k | €76k | €79k |
| of which ≤ 1y | €281k | €230k | €172k | €63k | €44k |
| of which > 1y | €85k | €85k | €5k | €13k | €20k |
| Working capital | €29k | €-15k | €87k | €195k | €176k |
| Employees (FTE) | 2.0 | 2.0 | - | 2.0 | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.10 | 0.93 | 1.51 | 4.10 | 5.00 |
| Quick ratio | 0.60 | 0.67 | 1.18 | 3.01 | 4.30 |
| Working capital ratio | 4.2% | -2.4% | 20.4% | 51.7% | 51.4% |
| Solvency | 44.8% | 48.6% | 58.0% | 79.8% | 77.1% |
| Debt / equity | 1.23 | 1.06 | 0.72 | 0.25 | 0.08 |
| Long-term debt ratio | 0.28 | 0.28 | 0.02 | 0.04 | 0.08 |
| Interest coverage | 5.33 | 9.22 | 15.92 | 70.31 | - |
| Gross margin | 36.3% | - | - | - | - |
| Net margin | 3.1% | - | - | - | - |
| ROA | 2.4% | 9.3% | 4.8% | 9.5% | 7.2% |
| ROE | 5.4% | 19.2% | 8.3% | 11.9% | 9.4% |
| EBITDA margin | 19.5% | - | - | - | - |
| Days sales outstanding | 26d | - | - | - | - |
| Days payable outstanding | 55d | - | - | - | - |
| Inventory turnover | 2.49 | - | - | - | - |
| Days inventory (DSI) | 147d | - | - | - | - |
Full annual accounts (28 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €688k | €632k | €428k | €376k | €343k |
| Fixed assets | 21/28 | €379k | €417k | €169k | €119k | €123k |
| Intangible fixed assets | 21 | - | - | - | €0 | - |
| Tangible fixed assets | 22/27 | €379k | €417k | €155k | €119k | €123k |
| Financial fixed assets | 28 | - | €0 | €14k | €52 | €52 |
| Current assets | 29/58 | €310k | €215k | €259k | €257k | €220k |
| Stocks & contracts in progress | 3 | €141k | €62k | €57k | €68k | €31k |
| Amounts receivable within one year | 40/41 | €57k | €63k | €154k | €152k | €94k |
| Investments | 50/53 | €61k | €66k | - | - | - |
| Cash & bank | 54/58 | €46k | €20k | €48k | €38k | €61k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €688k | €632k | €428k | €376k | €343k |
| Equity | 10/15 | €308k | €307k | €248k | €300k | €265k |
| Contributions / capital | 10/11 | €25k | €25k | - | - | - |
| Reserves | 13 | €283k | €282k | €248k | €300k | €265k |
| Accumulated profits (losses) | 14 | €0 | - | - | - | - |
| Amounts payable | 17/49 | €380k | €325k | €180k | €76k | €79k |
| Amounts payable after one year | 17 | €85k | €85k | €5k | €13k | €20k |
| Amounts payable within one year | 42/48 | €281k | €230k | €172k | €63k | €44k |
| Trade debts payable within one year | 44 | €53k | €24k | €63k | €24k | €16k |
| Income statement | ||||||
| Turnover | 70 | €550k | - | - | - | - |
| Gross operating margin | 9900 | €234k | €232k | €151k | €165k | €136k |
| Operating result | 9901 | €45k | €46k | €27k | €48k | €27k |
| Financial income | 75 | €4k | €47k | €138 | €1k | €3k |
| Financial charges | 65 | €20k | €12k | €4k | €1k | €289 |
| Result before taxes | 9903 | €28k | €81k | €24k | €48k | €29k |
| Income taxes | 67/77 | €11k | €22k | €3k | €13k | €5k |
| Net result for the period | 9904 | €17k | €59k | €21k | €36k | €25k |
| Result to be appropriated | 9905 | €17k | €59k | €21k | €36k | €25k |
-
Elias VlegelsDirectorState Gazette act 25061118 (13-05-2025)Current01-04-2025 → present
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 30-06-2005 |
| Status | Active |
| Postal code | 9920 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44036A0375/00S000 | Flanders | 738 m² | 1 · 146 m² | 8.1 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-05-2025 Elias Vlegels appointed as director
- Elias Vlegels, Bestuurder
Technical details
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],
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"subject_company": {
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"name_full": "Vlegels Philippe",
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"publication_proxy": {
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}| Legal nameNL | Vlegels Philippe |