VB IMMO
ActiveVB IMMO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-272k) and a net result of €4k. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 7694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+8
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.06 in 2024; short-term debt: 68.2% and cash: 4.2% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-31.3%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7694 sector peers (2025).
NBB · sector comparisonPosition among 7694 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
14 d early
2023
13 d early
2022
27 d early
2021
26 d late
2020
27 d late
2019
82 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k
2024 · €-7k
2018: €-99k
2019: €-36k
2020: €-22k
2021: €-21k
2022: €-46k
2023: €-49k
2024: €-7k
2018 → 2025
Working capital
€-543k▼ 1.0%
2024 · €-537k
2018: €-180k
2019: €-265k
2020: €-297k
2021: €-401k
2022: €-490k
2023: €-522k
2024: €-537k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-174k-€-220k▼ 26.6%€-270k▼ 22.4%€-276k▼ 2.5%€-272k▲ 1.5%
Operating result€-8k-€-29k▼ 288%€-29k▲ 0.3%€13k€22k▲ 69.9%
Net result€-21k-€-46k▼ 118%€-49k▼ 6.8%€-7k▲ 86.6%€4k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €870k
Fixed assets
€820k▼ 4.6%
Current assets
€50k▲ 58.5%
Key figures and ratios
EBITDA
€62k▲
2024 · €53k
Cash flow
€44k▲
2024 · €33k
Solvency
-31.3%▼
2024 · -31.0%
Current ratio
0.08▲
2024 · 0.06
Quick ratio
0.08▲
2024 · 0.06
Debt / equity
-4.19▲
2024 · -4.22
ROA
0.5%▲
2024 · -0.7%
Interest coverage
3.39▲
2024 · 2.67
Debt
€1.14M▼
2024 · €1.17M
Debt ≤ 1 year
€593k▲
2024 · €569k
Debt > 1 year
€549k▼
2024 · €599k
Income taxes
€4
Staff costs
€58k▲
2024 · €57k
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€891k€870k▼
Fixed assets21/28€859k€820k▼
Tangible fixed assets22/27€859k€820k▼
Land and buildings22€858k€818k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€32k€50k▲
Amounts receivable within one year40/41€2k€13k▲
Trade receivables40-€5k
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€30k€37k▲
Deferred charges and accrued income490/1-€22
Equity and liabilities
Total equity and liabilities10/49€891k€870k▼
Equity10/15€-276k€-272k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-295k€-291k▲
Amounts payable17/49€1.17M€1.14M▼
Amounts payable after more than one year17€599k€549k▼
Financial debts170/4€599k€549k▼
Amounts payable within one year42/48€569k€593k▲
Current portion of amounts payable after more than one year42€48k€49k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€675€3k▲
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€504k€520k▲
Income statement
Code20242025
Remuneration, social security and pensions62€57k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k=
Other operating charges640/8€7k€7k▼
Gross operating margin9900€118k€128k▲
Operating profit (loss)9901€13k€22k▲
Financial income75/76B€10€31▲
Recurring financial income75€10€31▲
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€-7k€4k▲
Income taxes67/77-€4
Profit (loss) for the period9904€-7k€4k▲
Profit (loss) for the period to be appropriated9905€-7k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-295k€-291k▲
Profit (loss) brought forward from the previous period14P€-288k€-295k▼
The notes to these accounts (5 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 7 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 82 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Waterloo · 1 establishment unit since 2015
Ground area
849 m²
Building footprint
182 m²
Parcel 25110S0026/02A007, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue des Libellules 11, 1410 Waterloo
since 20152.246.797.538
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0026/02A007 | Wallonia | 849 m² | 1 · 182 m² | - |
Linked by address, not proof of ownership
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.
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,512. 1,224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2015
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.