Active BE 0449.210.067Private limited companyOpen bankruptcy

VStechnics by C.C.

Rue de la Spaumerie, St-Denis 24B ·5081 La Bruyère, Belgium· 33 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

A bankruptcy procedure is open for VStechnics by C.C. according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €47k and a net result of €3k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€47k
Net result	€3k
Better than sector	67%
Active	33 yrs

Financial profile 5 of 5 axes measured · computed by Checked

39 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 38

Solvency 97

Growth 35

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

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 2024 · computed

24 / 100 Critical

050100

Computed from 6 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

No credit

open bankruptcy

Score history

94 2023

88 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.10 (≥ 1.5) +10

Quick ratio Quick ratio 2.10 (≥ 1.0) +5

Leverage Debt/equity 0.81 (< 1.0) +10

Profitability ROE 6% +3

EBITDA margin EBITDA-marge 8% +2

Interest coverage Interest coverage 4.7× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview32 NBB filings

Annual accounts filed on 30-08-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	55.3%	40.8%	better than 67% of 11123 sector peers
Net result	€3k	€11k	better than 30% of 11107 sector peers
Equity	€47k	€34k	better than 60% of 11128 sector peers
Gross operating margin	€7k	€35k	better than 17% of 11096 sector peers
Total assets	€85k	€94k	better than 46% of 11123 sector peers

Revenue

€72k

-34.5% 23-24

EBITDA

€6k

-68.8% 23-24

Net profit

€3k

-68.7% 23-24

Cash flow

€4k

-62.2% 23-24

Total assets

€85k

-10.5% 23-24

Equity

€47k

+6.5% 23-24

Working capital

€42k

+10.7% 23-24

Income taxes

€2k

-60.0% 23-24

Debt

€38k

-25.2% 23-24

Debt ≤ 1y

€38k

-25.2% 23-24

Current ratio

2.10

+20.4% 23-24

Quick ratio

2.10

+20.4% 23-24

Solvency

55.3%

+18.9% 23-24

Debt / equity

0.81

-29.7% 23-24

ROE

6.1%

-70.6% 23-24

ROA

3.4%

-65.1% 23-24

Net margin

3.9%

-52.3% 23-24

EBITDA margin

7.7%

-52.4% 23-24

Interest coverage

4.65

-23.6% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	€72k	€110k
EBITDA	€6k	€18k
Net profit	€3k	€9k
Cash flow	€4k	€11k
Staff costs	-	-
Income taxes	€2k	€5k
Dividends	-	-
Total assets	€85k	€95k
Equity	€47k	€44k
Debt	€38k	€51k
of which ≤ 1y	€38k	€51k
of which > 1y	-	-
Working capital	€42k	€38k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	2.10	1.74
Quick ratio	2.10	1.74
Working capital ratio	49.1%	39.7%
Solvency	55.3%	46.5%
Debt / equity	0.81	1.15
Long-term debt ratio	-	-
Interest coverage	4.65	6.09
Gross margin	5.2%	13.8%
Net margin	3.9%	8.3%
ROA	3.4%	9.6%
ROE	6.1%	20.7%
EBITDA margin	7.7%	16.2%
Days sales outstanding	209d	145d
Days payable outstanding	163d	162d
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €5k · 6.2% Current assets €79k · 93.8%

Equity & liabilities

Equity €47k · 55.3% Debt €38k · 44.7%

Full annual accounts (23 line items)

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

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€85k	€95k
Fixed assets	21/28	€5k	€6k
Tangible fixed assets	22/27	€3k	€4k
Financial fixed assets	28	€2k	€2k
Current assets	29/58	€79k	€88k
Amounts receivable within one year	40/41	€77k	€81k
Cash & bank	54/58	€3k	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€85k	€95k
Equity	10/15	€47k	€44k
Contributions / capital	10/11	€19k	€19k
Accumulated profits (losses)	14	€28k	€25k
Amounts payable	17/49	€38k	€51k
Amounts payable within one year	42/48	€38k	€51k
Trade debts payable within one year	44	€31k	€42k
Income statement
Turnover	70	€72k	€110k
Gross operating margin	9900	€7k	€19k
Operating result	9901	€4k	€16k
Financial income	75	€2k	€947
Financial charges	65	€1k	€3k
Result before taxes	9903	€5k	€14k
Income taxes	67/77	€2k	€5k
Net result for the period	9904	€3k	€9k
Result to be appropriated	9905	€3k	€9k

Directors & mandates1 person

Role	Name	Tenure
Curator	STEPHANE GUCHEZ RUE PHOCAS LEJEUNE 32, 5032 02 ISNES	16-10-2025 → present

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	26-01-1993
Status	Active
Postal code	5081
First insolvency signal	31-10-2025
Latest insolvency signal	31-10-2025

Establishment units 1 location

CAR CONTROL

Rue de la Spaumerie, St-Denis 24b, 5081 La BruyèreNACE 45340

since 19932.060.675.720

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92103B0767/00P000	Wallonia	780 m²	1 · 61 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 11 events

All 11Signals 1Filings 10

2025

31-10

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Namur · VSTECHNICS BY C.C. SRL RUE DE LA SPAUMERIE, 24B, 5081 SAINT-DENIS-BOVESSE · event 16-10-2025

30-08