Groep VM
ActiveGroep VM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €37k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+17
Solvency48▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.34 in 2024; short-term debt: 65.4% and cash: 6.3% of total assets), but 76.7% 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.3%
Return on assets
4.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
30 d late
2022
70 d late
2021
31 d late
2020
31 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k▲ 25.2%
2024 · €147k
2020: €34k
2021: €38k
2022: €82k
2023: €129k
2024: €147k
2020 → 2025
Total assets
€789k▼ 15.5%
2024 · €934k
2020: €88k
2021: €255k
2022: €320k
2023: €945k
2024: €934k
2020 → 2025
Net result
€37k▲ 113%
2024 · €17k
2020: €22k
2021: €5k
2022: €44k
2023: €47k
2024: €17k
2020 → 2025
Working capital
€270k▲ 13.9%
2024 · €237k
2020: €5k
2021: €129k
2022: €173k
2023: €770k
2024: €237k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€82k▲ 116%€129k▲ 57.8%€147k▲ 13.4%€184k▲ 25.2%
Operating result€11k-€71k▲ 521%€72k▲ 1.1%€61k▼ 14.7%€72k▲ 17.0%
Net result€5k-€44k▲ 791%€47k▲ 7.8%€17k▼ 63.3%€37k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €789k
Fixed assets
€4k▼ 50.8%
Current assets
€786k▼ 15.2%
Equity and liabilities €789k
Equity
€184k▲ 25.2%
Debt
€606k▼ 23.1%
The debt ratio falls from 84.3% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €69k
Cash flow
€44k▲
2024 · €25k
Solvency
23.3%▲
2024 · 15.7%
Current ratio
1.52▲
2024 · 1.34
Quick ratio
0.12▲
2024 · 0.06
Debt / equity
3.30▼
2024 · 5.37
ROE
20.2%▲
2024 · 11.8%
ROA
4.7%▲
2024 · 1.9%
Interest coverage
3.80▲
2024 · 2.10
Debt
€606k▼
2024 · €788k
Debt ≤ 1 year
€516k▼
2024 · €691k
Debt > 1 year
€88k▼
2024 · €97k
Income taxes
€14k▲
2024 · €11k
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€934k€789k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€90-
Current assets29/58€927k€786k▼
Stocks and contracts in progress3€888k€722k▼
Stocks30/36€888k€722k▼
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€10k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€30k€50k▲
Deferred charges and accrued income490/1€133€140▲
Equity and liabilities
Total equity and liabilities10/49€934k€789k▼
Equity10/15€147k€184k▲
Contributions10/11€100€100=
Reserves13€147k€184k▲
Distributable reserves133€147k€184k▲
Amounts payable17/49€788k€606k▼
Amounts payable after more than one year17€97k€88k▼
Financial debts170/4€97k€88k▼
Amounts payable within one year42/48€691k€516k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€550k€383k▼
Credit institutions430/8€550k€383k▼
Trade debts44€11k€16k▲
Suppliers440/4€11k€16k▲
Taxes, remuneration and social security45€36k€26k▼
Taxes450/3€36k€26k▼
Other amounts payable47/48€85k€83k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€71k€81k▲
Operating profit (loss)9901€61k€72k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€33k€21k▼
Recurring financial charges65€33k€21k▼
Profit (loss) for the period before taxes9903€28k€51k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€17k€37k▲
Profit (loss) for the period to be appropriated9905€17k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€37k▲
Transfer to equity691/2€17k€37k▲
To the legal reserve6920-€37k
To other reserves6921€17k-
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €184k ▲25.2%
6 profitable years in a row build equity to €184k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €47k ▲7.8%
Operating result €72k, net result €47k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.82
Current ratio from 2.40 to 5.82.
31-12
Financial
Equity above €100kEq €129k ▲57.8%
4 profitable years in a row build equity to €129k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €5k ▼77.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.11 to 2.37.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2017
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.
Molenberg 439150 Beveren-Kruibeke-ZwijndrechtGround area
3,333 m²
Building footprint
349 m²
Volume, LiDAR
1,781 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groep VM
since 20172.264.733.531
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44060A0900/00T000 | Flanders | 1,898 m² | 1 · 180 m² | 8.3 m · 2 fl. |
| 46013A1154/00B000 | Flanders | 1,435 m² | 1 · 169 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,328 EUR awarded · 1,328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 180 EUR | 180 EUR |
| 2023 | 1 | 900 EUR | 1,148 EUR |
| 2022 | 1 | 248 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,431 companies in sector 46180 we hold annual accounts for 1,887. 1,378 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2017
Fiscal year end31-12
Trade name NL
Stavelot
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.