Active BE 0746.577.425Private limited company

Vrenco

Zwarte-Dreeferf 6 ·2490 Balen, Belgium· 6 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

The computed 12-month bankruptcy probability of Vrenco is 2.0% (moderate). The 2025 annual accounts show equity of €18k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 26547 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€18k
Net result	€15k
Better than sector	64%
Active	6 yrs

Financial profile 5 of 5 axes measured · computed by Checked

95 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 96

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

2.0% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

70 2021

86 2022

55 2023

55 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.91 (≥ 1.5) +10

Quick ratio Quick ratio 1.91 (≥ 1.0) +5

Leverage Debt/equity 0.67 (< 1.0) +10

Profitability ROE 83% (≥ 10%) +10

Interest coverage Interest coverage 89.2× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	59.7%	47.4%	better than 64% of 26547 sector peers
Net result	€15k	€10k	better than 58% of 26539 sector peers
Equity	€18k	€60k	better than 22% of 26557 sector peers
Gross operating margin	€22k	€39k	better than 35% of 26517 sector peers
Total assets	€29k	€141k	better than 10% of 26551 sector peers

EBITDA

€21k

- 21-25

Net profit

€15k

- 21-25

Cash flow

€15k

- 21-25

Total assets

€29k

+247.8% 21-25

Equity

€18k

+480.8% 21-25

Working capital

€11k

+255.1% 21-25

Staff costs

€304

- 21-25

Income taxes

€6k

+1527.7% 21-25

Debt

€12k

+118.1% 21-25

Debt ≤ 1y

€12k

+118.1% 21-25

Current ratio

1.91

+22.5% 21-25

Quick ratio

1.91

+22.5% 21-25

Solvency

59.7%

+67.0% 21-25

Debt / equity

0.67

-62.5% 21-25

ROE

82.8%

- 21-25

ROA

49.4%

- 21-25

Interest coverage

89.20

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€21k	-	-	-	-
Net profit	€15k	€-6k	€-4k	€10k	€921
Cash flow	€15k	-	-	-	-
Staff costs	-	-	-	-	€304
Income taxes	€6k	€388	€999	€4k	€2k
Dividends	-	-	-	-	-
Total assets	€29k	€8k	€19k	€27k	€9k
Equity	€18k	€3k	€9k	€13k	€3k
Debt	€12k	€5k	€9k	€14k	€6k
of which ≤ 1y	€12k	€5k	€9k	€14k	€6k
of which > 1y	-	-	-	-	-
Working capital	€11k	€3k	€9k	€13k	€3k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.91	1.56	1.97	1.90	1.46
Quick ratio	1.91	1.56	1.97	1.90	1.46
Working capital ratio	36.5%	35.8%	49.2%	47.4%	31.3%
Solvency	59.7%	35.8%	49.2%	47.4%	31.3%
Debt / equity	0.67	1.80	1.03	1.11	2.20
Long-term debt ratio	-	-	-	-	-
Interest coverage	89.20	-	-	-	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	49.4%	-72.9%	-19.1%	36.6%	9.9%
ROE	82.8%	-203.9%	-38.7%	77.1%	31.5%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 23.2% Current assets €23k · 76.8%

Equity & liabilities

Equity €18k · 59.7% Debt €12k · 40.3%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€29k	€8k	€19k	€27k	€9k
Fixed assets	21/28	€7k	-	-	-	-
Tangible fixed assets	22/27	€7k	-	-	-	-
Current assets	29/58	€23k	€8k	€19k	€27k	€9k
Amounts receivable within one year	40/41	€4k	€2k	€13k	-	-
Cash & bank	54/58	€15k	€3k	€3k	€24k	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€29k	€8k	€19k	€27k	€9k
Equity	10/15	€18k	€3k	€9k	€13k	€3k
Contributions / capital	10/11	€2k	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€16k	€1k	€7k	€11k	€921
Amounts payable	17/49	€12k	€5k	€9k	€14k	€6k
Amounts payable within one year	42/48	€12k	€5k	€9k	€14k	€6k
Trade debts payable within one year	44	€3k	€2k	€955	€3k	€1k
Income statement
Gross operating margin	9900	€22k	€-4k	€-1k	€15k	€4k
Operating result	9901	€21k	€-5k	€-2k	€14k	€3k
Financial income	75	€1	€3	€0	€2	€0
Financial charges	65	€239	€383	€196	€87	€220
Result before taxes	9903	€21k	€-6k	€-3k	€14k	€3k
Income taxes	67/77	€6k	€388	€999	€4k	€2k
Net result for the period	9904	€15k	€-6k	€-4k	€10k	€921
Result to be appropriated	9905	€15k	€-6k	€-4k	€10k	€921

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	29-04-2020
Status	Active
Postal code	2490

Establishment units 1 location

Vrenco

Zwarte-Dreeferf 6, 2490 BalenManufacture of electrical equipment

since 20202.303.186.311

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13003A0110/00K034	Flanders	1,066 m²	1 · 209 m²	-

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.

Updates 5 events

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 25 days late

2025

31-12

Financial Back to profitnet €15k

Net result €15k after 2 loss-making years.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-6k

Net result drops to €-6k, the lowest in the series; recovery starts the following year.

01-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 1 day late

2023

26-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211Installation of industrial machinery and equipment33200Engineering and related technical consultancy, excluding land surveyors71121

Names & trade names

Legal nameNL

Vrenco

Similar companies Comparable size · 10,125 of 22,844 companies in this sector with filed accounts

VDT SERVICES BE 1003.981.672 · Affligem

JULIAN BE 1019.676.668 · Sint-Pieters-Leeuw

Shadi@Voltman BE 0778.529.027 · Sint-Lambrechts-Woluwe

ETDC BE 1016.892.075 · Sint-Niklaas

BOUVY BE 1019.705.966 · Doische