VLB CONCEPT
ActiveSummary
VLB CONCEPT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €210k and a net result of €-6k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 39.17 against 58.68 in 2023; short-term debt: 1.5% and cash: 46% of total assets), and 1.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 →
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 2024Solvency, return and age of the figures
Solvency
98.5%
Return on assets
-2.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
106 d late
2021
149 d late
2020
31 d late
2019
92 d late
2018
43 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€210k▼ 2.6%
2023 · €215k
2018: €146k
2019: €174k
2020: €166k
2021: €208k
2023: €215k
2018 → 2024
Total assets
€213k▼ 2.0%
2023 · €217k
2018: €211k
2019: €189k
2020: €169k
2021: €218k
2023: €217k
2018 → 2024
Net result
€-6k
2023 · €10k
2018: €-23k
2019: €28k
2020: €-8k
2021: €41k
2023: €10k
2018 → 2024
Working capital
€123k▲ 5.7%
2023 · €117k
2018: €67k
2019: €112k
2020: €127k
2021: €171k
2023: €117k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€174k-€166k▼ 4.7%€208k▲ 24.8%€215k▲ 3.8%€210k▼ 2.6%
Operating result€29k-€-8k€47k€7k▼ 85.1%€-5k
Net result€28k-€-8k€41k€10k▼ 76.0%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€86k ▼ 12.5%
Current assets
€127k ▲ 6.6%
Equity and liabilities €213k
Equity
€210k ▼ 2.6%
Debt
€3k ▲ 59.7%
Debt's share of the balance-sheet total rises from 0.9% to 1.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €13k
Cash flow
€7k▼
2023 · €16k
Current ratio
39.17▼
2023 · 58.68
Debt to equity
0.02▲
2023 · 0.01
ROE
-2.7%▼
2023 · 4.6%
ROA
-2.6%▼
2023 · 4.6%
Interest coverage
53.79▼
2023 · 63.15
Debt ≤ 1 year
€3k▲
2023 · €2k
Income taxes
€14▼
2023 · €6k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€217k€213k▼
Fixed assets21/28€99k€86k▼
Tangible fixed assets22/27€99k€86k▼
Land and buildings22€31k€29k▼
Furniture and vehicles24€48k€38k▼
Other tangible fixed assets26€20k€20k=
Current assets29/58€119k€127k▲
Amounts receivable within one year40/41€24k€27k▲
Trade receivables40€13k€11k▼
Other amounts receivable41€12k€16k▲
Cash at bank and in hand54/58€93k€98k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€217k€213k▼
Equity10/15€215k€210k▼
Contributions10/11€170k€170k=
Reserves13€45k€40k▼
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Distributable reserves133€39k€33k▼
Amounts payable17/49€2k€3k▲
Amounts payable within one year42/48€2k€3k▲
Trade debts44€715€2k▲
Suppliers440/4€715€2k▲
Taxes, remuneration and social security45€272€116▼
Taxes450/3€272€116▼
Other amounts payable47/48€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€12k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€17k€10k▼
Operating profit (loss)9901€7k€-5k▼
Financial income75/76B€9k-
Recurring financial income75€16-
Non-recurring financial income76B€9k-
Financial charges65/66B€203€126▼
Recurring financial charges65€203€126▼
Profit (loss) for the period before taxes9903€16k€-6k▼
Income taxes67/77€6k€14▼
Profit (loss) for the period9904€10k€-6k▼
Profit (loss) for the period to be appropriated9905€10k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-6k▼
Transfer from equity791/2-€6k
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 58.68
Current ratio from 17.68 to 58.68; short-term debt falls from €10k to €2k.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 149 days late
2021
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Equity above €200kEq €208k ▲24.8%
Equity rises from €166k to €208k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 5current ratio 46.10
Current ratio from 8.84 to 46.10; short-term debt falls from €14k to €3k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 8.84
Current ratio from 2.13 to 8.84; short-term debt falls from €60k to €14k.
31-12
Financial
Equity above €150kEq €174k ▲19.1%
Equity rises from €146k to €174k.
Show earlier events
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2013
31-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 153 days late
2010
14-09
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 2005
Ground area
1,919 m²
Building footprint
267 m²
Volume, LiDAR
2,925 m³
Parcel 57081I0709/00_000, Wallonia · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VLB CONCEPT
since 20052.148.217.230
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081I0709/00_000 | Wallonia | 1,919 m² | 1 · 267 m² | 15.6 m · 4 fl. |
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 103 companies in sector 46350 we hold annual accounts for 67. 42 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 formPublic limited company
Founded11-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46350Wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.