VH Development
ActiveSummary
The computed 12-month bankruptcy probability of VH Development is 1.8% (moderate). The 2025 annual accounts show negative equity (€-64k) and a net result of €-68k. Equity is shrinking by ~246.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 4539 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 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
Profitability34▼-3
Solvency24▼-1
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 1.85 in 2024; short-term debt: 68.5% and cash: 4.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
-1.2%
Return on assets
-1.2%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-64k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
16 d early
2023
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-68k▼ 413%
2024 · €-13k
2023: €-40k
2024: €-13k
2023 → 2025
Working capital
€-1.46M
2024 · €708k
2023: €630k
2024: €708k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€16k-€3k▼ 80.3%€-64k
Operating result€-37k-€-8k▲ 77.9%€-69k▼ 731%
Net result€-40k-€-13k▲ 66.7%€-68k▼ 413%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €69k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.58M
Fixed assets
€3.22M =
Current assets
€2.36M ▲ 53.4%
Key figures and ratios
Solvency
-1.2%▼
2024 · 0.1%
Current ratio
0.62▼
2024 · 1.85
Quick ratio
0.09▼
2024 · 0.19
Debt to equity
-87.56
ROA
-1.2%▼
2024 · -0.3%
Debt
€5.64M▲
2024 · €4.75M
Debt ≤ 1 year
€3.82M▲
2024 · €829k
Debt > 1 year
€1.80M▼
2024 · €3.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.75M€5.58M▲
Fixed assets21/28€3.22M€3.22M=
Financial fixed assets28€3.22M€3.22M=
Current assets29/58€1.54M€2.36M▲
Stocks and contracts in progress3€1.38M€2.02M▲
Stocks30/36€1.38M€2.02M▲
Amounts receivable within one year40/41€112k€65k▼
Trade receivables40-€5k
Other amounts receivable41€112k€60k▼
Cash at bank and in hand54/58€45k€272k▲
Equity and liabilities
Total equity and liabilities10/49€4.75M€5.58M▲
Equity10/15€3k€-64k▼
Contributions10/11€56k€56k=
Profit (loss) carried forward14€-53k€-120k▼
Amounts payable17/49€4.75M€5.64M▲
Amounts payable after more than one year17€3.91M€1.80M▼
Financial debts170/4€3.91M€1.80M▼
Amounts payable within one year42/48€829k€3.82M▲
Financial debts43-€3.01M
Credit institutions430/8-€3.01M
Trade debts44€4k€351k▲
Suppliers440/4€4k€351k▲
Advances received on contracts in progress46-€100k
Other amounts payable47/48€825k€355k▼
Accrued charges and deferred income492/3€8k€16k▲
Income statement
Code20242025
Other operating charges640/8€90€43k▲
Gross operating margin9900€-8k€-25k▼
Operating profit (loss)9901€-8k€-69k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€7k€574▼
Recurring financial charges65€7k€574▼
Profit (loss) for the period before taxes9903€-13k€-68k▼
Profit (loss) for the period9904€-13k€-68k▼
Profit (loss) for the period to be appropriated9905€-13k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-120k▼
Profit (loss) brought forward from the previous period14P€-40k€-53k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series.
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ukkel · 1 establishment unit since 2021
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.
Ilya Prigoginelaan 11180 UkkelGround area
1,103 m²
Parcel 21616G0176/00X003, Brussels. Linked by address, not a title deed.
1 establishment unit
VH Project
since 20212.325.306.962
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 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.
Similar companies · same sector, comparable size
QUALIECO
BE 0647.572.493
Habay · Eq €3,205
BUNKY
BE 0456.411.625
Sint-Pieters-Woluwe · Eq €3,187
REFX
BE 1008.549.877
Bouillon · Eq €3,185
VVM TIELT
BE 0873.352.762
Tielt · Eq €3,177
NYV
BE 1016.693.325
Vilvoorde · Eq €3,177
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 1,721 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2021
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.