VS ENGINEERING

Active

Private limited companyfounded 200719 yrs activeRue Is. Parmentier 290, 5300 Andenne, BelgiumKBO/BCE: BE 0886.761.132

For VS ENGINEERING, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €95k and a net result of €85k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 20786 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Watch Print / PDF

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Filing: One filing cycle is missing

Axes, FY 2024 · tick = 2023

Profitability100▲+15

Solvency69▲+39

Growth32=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

43.7%

Return on assets

38.8%

Age of the figures

30 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts not filed

The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 323 days later.

NBB · 10 filings

Position against the passed deadline

31-03-2025 close31-10-2025 deadline19-09-2026 today

Filed more than 90 days late

The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 19-05-2025, 200 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

200 d late

2023

566 d late

2022

931 d late

2021

351 d late

2020

on the day

2019

43 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€85k▲ 204%

2023 · €28k

2019: €146k 2020: €-195k 2021: €72k 2022: €-23k 2023: €28k

2019 → 2024

Working capital

€88k▲ 4,498%

2023 · €2k

2019: €123k 2020: €-70k 2021: €2k 2022: €-23k 2023: €2k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-65k-€6k€-17k€11k€95k▲ 806%

Operating result€-116k-€73k€-23k€28k€85k▲ 200%

Net result€-195k-€72k€-23k€28k€85k▲ 204%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 200% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €218k

96.5%

Fixed assets €8k▼ 12.0%

Current assets €210k▲ 5.0%

Equity and liabilities €218k

43.7%

56.3%

Equity €95k▲ 806%

Debt €123k▼ 38.1%

The debt ratio falls from 95.0% to 56.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€86k▲

2023 · €29k

Cash flow

€86k▲

2023 · €29k

Solvency

43.7%▲

2023 · 5.0%

Current ratio

1.71▲

2023 · 1.01

Quick ratio

1.71▲

2023 · 1.01

Debt / equity

1.29▼

2023 · 18.88

ROE

89.0%▼

2023 · 264.7%

ROA

38.8%▲

2023 · 13.3%

Interest coverage

143.38▲

2023 · 96.17

Debt

€123k▼

2023 · €198k

Debt ≤ 1 year

€123k▼

2023 · €198k

Income taxes

€273▼

2023 · €336

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€209k€218k▲

Fixed assets21/28€9k€8k▼

Tangible fixed assets22/27€4k€3k▼

Land and buildings22€2k€1k▼

Furniture and vehicles24€3k€2k▼

Financial fixed assets28€4k€4k=

Current assets29/58€200k€210k▲

Amounts receivable within one year40/41€29k€14k▼

Trade receivables40€29k€14k▼

Cash at bank and in hand54/58€170k€195k▲

Deferred charges and accrued income490/1€667€1k▲

Equity and liabilities

Total equity and liabilities10/49€209k€218k▲

Equity10/15€11k€95k▲

Contributions10/11€8k€10k▲

Reserves13€2k-

Non-distributable reserves130/1€2k-

Reserves not available under the articles1311€2k-

Profit (loss) carried forward14€651€85k▲

Amounts payable17/49€198k€123k▼

Amounts payable within one year42/48€198k€123k▼

Trade debts44€79k-

Suppliers440/4€79k€0▼

Taxes, remuneration and social security45€5k€10k▲

Taxes450/3€5k€10k▲

Other amounts payable47/48€114k€113k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€981€1k▲

Other operating charges640/8€817€952▲

Gross operating margin9900€30k€87k▲

Operating profit (loss)9901€28k€85k▲

Financial income75/76B€11€165▲

Recurring financial income75€11€165▲

Financial charges65/66B€306€603▲

Recurring financial charges65€306€603▲

Profit (loss) for the period before taxes9903€28k€85k▲

Income taxes67/77€336€273▼

Profit (loss) for the period9904€28k€85k▲

Profit (loss) for the period to be appropriated9905€28k€85k▲

Appropriation of the result

Profit (loss) to be appropriated9906€651€85k▲

Profit (loss) brought forward from the previous period14P€-27k€651▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

19-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 200 days late

19-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 566 days late

19-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 931 days late

2023

31-03

Financial Back to profitnet €28k

Net result €28k after one loss-making year.

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 351 days late

2021

31-03

Financial Back to profitnet €72k

Net result €72k after one loss-making year.

2020

31-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

31-03

Financial Weakest financial yearnet €-195k ▼234%

Net result drops to €-195k, the lowest in the series; recovery starts the following year.

2019

13-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 43 days late

13-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 773 days late

2018

10-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 40 days late

2016

30-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2015

22-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema

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

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, Andenne · 1 establishment unit since 2007

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.

Rue Is. Parmentier 2905300 Andenne

1 establishment unit

VS ENGINEERING

Rue Is. Parmentier 290, 5300 AndenneNACE 7420301

since 20072.159.674.316

Recognitions · licences · registrations

Legal Entity Identifier

2549001GE1D0UAW1OL29

no longer live in the LEI register

Similar companies · same sector, comparable size

Vandezande Inspire Services

Braine-le-Château · Eq €95k

MINM SOLUTIONS

BE 0885.013.548

Kortemark · Eq €96k

Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,402 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-01-2007

Fiscal year end31-03

Activities, NACEBEL

62900Other information technology and computer services

72600

62010Computer programming, consultancy and related activities

62020IT consultancy

62100Computer programming

62200Computer consultancy and computer facilities management

63100Computing infrastructure, data processing, hosting and related activities

63110Computing infrastructure, data processing, hosting and other information service activities

70200Business and other management consultancy

70220Business consulting

72100

72220

72400

74142

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filings

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:Michel.Gaye@VS-Engineering.be

Enterprise