Checked.be
Active
BE 0628.831.303Private limited company
V & C VASTGOED
Weynesbaan 121 ·2820 Bonheiden, Belgium· 11 yrs active
Sector: Real estate agency activities
(68310)
Conclusion
V & C VASTGOED has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €780k and a net result of €67k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 9689 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €780k |
| Net result | €67k |
| Better than sector | 72% |
| Active | 11 yrs |
Financial profile
63
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
43
Solvency
65
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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
56
/ 100
Fair
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
€45k
estimate, not credit advice
Score history
61
2021
56
2022
56
2023
56
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.19 (< 1.0)
-10
Quick ratio
Quick ratio 0.19 (< 0.6)
-5
Leverage
Debt/equity 0.69 (< 1.0)
+10
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 12.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~9.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 59.1% | 30.8% | |
| Net result | €67k | €13k | |
| Equity | €780k | €419k | |
| Gross operating margin | €116k | €116k | |
| Employees (FTE) | 0.0 | 0.1 |
€113k
+0.7%
21-24
€67k
-5.6%
21-24
€81k
-4.7%
21-24
€1.32M
-2.0%
21-24
€780k
+7.2%
21-24
€-232k
-36.4%
21-24
0
-
21-24
€23k
+1.6%
21-24
€15k
+124.0%
21-24
€541k
-12.7%
21-24
€288k
+20.3%
21-24
€251k
-33.8%
21-24
0.19
-32.9%
21-24
0.19
-32.9%
21-24
59.1%
+9.4%
21-24
0.69
-18.6%
21-24
8.6%
-11.9%
21-24
5.1%
-3.7%
21-24
12.15
-44.8%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €113k | €112k | €84k | €244k |
| Net profit | €67k | €71k | €98k | €470k |
| Cash flow | €81k | €85k | €107k | €474k |
| Staff costs | - | - | - | - |
| Income taxes | €23k | €23k | €13k | €48k |
| Dividends | €15k | €7k | €8k | €59k |
| Total assets | €1.32M | €1.35M | €1.42M | €1.42M |
| Equity | €780k | €728k | €664k | €573k |
| Debt | €541k | €620k | €754k | €847k |
| of which ≤ 1y | €288k | €239k | €247k | €217k |
| of which > 1y | €251k | €379k | €507k | €629k |
| Working capital | €-232k | €-170k | €-122k | €-45k |
| Employees (FTE) | 0.0 | 0.0 | - | 0.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.19 | 0.29 | 0.51 | 0.79 |
| Quick ratio | 0.19 | 0.29 | 0.51 | 0.79 |
| Working capital ratio | -17.6% | -12.6% | -8.6% | -3.2% |
| Solvency | 59.1% | 54.0% | 46.8% | 40.3% |
| Debt / equity | 0.69 | 0.85 | 1.14 | 1.48 |
| Long-term debt ratio | 0.32 | 0.52 | 0.76 | 1.10 |
| Interest coverage | 12.15 | 22.02 | 5.88 | 12.92 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 5.1% | 5.3% | 6.9% | 33.1% |
| ROE | 8.6% | 9.8% | 14.8% | 82.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.32M | €1.35M | €1.42M | €1.42M |
| Fixed assets | 21/28 | €1.27M | €1.28M | €1.29M | €1.25M |
| Tangible fixed assets | 22/27 | €177k | €190k | €204k | €159k |
| Financial fixed assets | 28 | €1.09M | €1.09M | €1.09M | €1.09M |
| Current assets | 29/58 | €56k | €69k | €125k | €172k |
| Stocks & contracts in progress | 3 | - | - | - | €0 |
| Amounts receivable within one year | 40/41 | €7k | €19k | €45k | €33k |
| Investments | 50/53 | €40k | €38k | €28k | €7k |
| Cash & bank | 54/58 | €8k | €11k | €51k | €131k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.32M | €1.35M | €1.42M | €1.42M |
| Equity | 10/15 | €780k | €728k | €664k | €573k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €93k | €108k | €115k | €122k |
| Accumulated profits (losses) | 14 | €669k | €602k | €530k | €432k |
| Amounts payable | 17/49 | €541k | €620k | €754k | €847k |
| Amounts payable after one year | 17 | €251k | €379k | €507k | €629k |
| Amounts payable within one year | 42/48 | €288k | €239k | €247k | €217k |
| Trade debts payable within one year | 44 | €9k | €142 | €31k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €116k | €114k | €87k | €268k |
| Operating result | 9901 | €100k | €99k | €75k | €239k |
| Financial income | 75 | €169 | €349 | €50k | €297k |
| Financial charges | 65 | €9k | €5k | €14k | €19k |
| Result before taxes | 9903 | €91k | €94k | €111k | €517k |
| Income taxes | 67/77 | €23k | €23k | €13k | €48k |
| Net result for the period | 9904 | €67k | €71k | €98k | €470k |
| Result to be appropriated | 9905 | €67k | €71k | €98k | €470k |
Legal Structure
| NACE primary | Real estate agency activities(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 23-04-2015 |
| Status | Active |
| Postal code | 2820 |
Establishment units
V&C Vastgoed
since 20152.241.752.251
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031A0251/00C002 | Flanders | 872 m² | 1 · 225 m² | 6.2 m · 1 fl. |
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
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €67k ▼5.6%
Net result drops to €67k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Real estate agency activities68310Real estate activities68311Buying and selling of own real estate68110Real estate activities68312Property management for co-owned buildings (syndics)68321Real estate appraisal on a fee or contract basis68322Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300
Names & trade names
| Legal nameNL | V & C VASTGOED |
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