VQO
ActiveSummary
VQO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.16M and a net result of €33k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+35
Solvency92▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 3.66 against 4.08 in 2024; short-term debt: 16.4% and cash: 20.9% of total assets), and 33.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
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
66.7%
Return on assets
1.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
45 d early
2023
50 d early
2022
42 d early
2021
48 d early
2020
48 d early
2019
46 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.16M▲ 3.0%
2024 · €1.13M
2019: €974k
2020: €1.02M
2021: €1.29M
2022: €1.25M
2023: €1.21M
2024: €1.13M
2019 → 2025
Total assets
€1.74M▲ 2.2%
2024 · €1.71M
2019: €2.15M
2020: €2.03M
2021: €2.12M
2022: €1.99M
2023: €1.83M
2024: €1.71M
2019 → 2025
Net result
€33k
2024 · €-81k
2019: €5k
2020: €42k
2021: €275k
2022: €20k
2023: €-36k
2024: €-81k
2019 → 2025
Working capital
€760k▲ 21.6%
2024 · €625k
2019: €31k
2020: €170k
2021: €864k
2022: €778k
2023: €720k
2024: €625k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.25M▼ 3.5%€1.21M▼ 2.9%€1.13M▼ 6.7%€1.16M▲ 3.0%
Operating result€330k-€20k▼ 94.0%€-48k€-90k▼ 86.5%€112k
Net result€275k-€20k▼ 92.7%€-36k€-81k▼ 124%€33k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €112k after a loss of €90k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€697k ▼ 20.6%
Current assets
€1.05M ▲ 26.3%
Equity and liabilities €1.74M
Equity
€1.16M ▲ 3.0%
Provisions
€123k ▼ 22.3%
Debt
€458k ▲ 9.4%
Debt's share of the balance-sheet total rises from 24.5% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€167k▲
2024 · €-30k
Cash flow
€88k▲
2024 · €-21k
Current ratio
3.66▼
2024 · 4.08
Debt to equity
0.39▲
2024 · 0.37
ROE
2.9%▲
2024 · -7.2%
ROA
1.9%▲
2024 · -4.7%
Interest coverage
3.23▲
2024 · -2.22
Debt ≤ 1 year
€286k▲
2024 · €203k
Debt > 1 year
€164k▼
2024 · €211k
Income taxes
€73k▲
2024 · €3k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.71M€1.74M▲
Fixed assets21/28€878k€697k▼
Tangible fixed assets22/27€878k€697k▼
Land and buildings22€842k€595k▼
Furniture and vehicles24€36k€102k▲
Current assets29/58€828k€1.05M▲
Amounts receivable after more than one year29€769k€582k▼
Trade receivables290€769k€582k▼
Amounts receivable within one year40/41€11k€99k▲
Trade receivables40€9k€6k▼
Other amounts receivable41€2k€93k▲
Cash at bank and in hand54/58€12k€365k▲
Deferred charges and accrued income490/1€37k-
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.74M▲
Equity10/15€1.13M€1.16M▲
Contributions10/11€293k€293k=
Capital10€293k€293k=
Issued capital100€293k€293k=
Reserves13€921k€955k▲
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€226k€120k▼
Distributable reserves133€666k€805k▲
Profit (loss) carried forward14€-86k€-86k=
Provisions and deferred taxes16€159k€123k▼
Deferred taxes168€159k€123k▼
Amounts payable17/49€419k€458k▲
Amounts payable after more than one year17€211k€164k▼
Financial debts170/4€211k€164k▼
Amounts payable within one year42/48€203k€286k▲
Current portion of amounts payable after more than one year42€54k€47k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€4k€77k▲
Taxes450/3€4k€77k▲
Other amounts payable47/48€139k€158k▲
Accrued charges and deferred income492/3€5k€9k▲
Income statement
Code20242025
Non-recurring operating income76A-€230k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€55k▼
Other operating charges640/8€12k€23k▲
Gross operating margin9900€-17k€190k▲
Operating profit (loss)9901€-90k€112k▲
Financial income75/76B€15k€11k▼
Recurring financial income75€15k€11k▼
Financial charges65/66B€13k€52k▲
Recurring financial charges65€13k€52k▲
Profit (loss) for the period before taxes9903€-89k€71k▲
Transfer from deferred taxes780€11k€35k▲
Income taxes67/77€3k€73k▲
Profit (loss) for the period9904€-81k€33k▲
Transfer from tax-exempt reserves789€32k€106k▲
Profit (loss) for the period to be appropriated9905€-49k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€54k▲
Profit (loss) brought forward from the previous period14P€-37k€-86k▼
Transfer to equity691/2-€139k
To other reserves6921-€139k
The notes to these accounts (8 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
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €33k
Net result €33k after 2 loss-making years.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €275k ▲559%
Operating result €330k, net result €275k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 5.18
Current ratio from 1.67 to 5.18; short-term debt falls from €255k to €207k.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €1MEq €1.02M ▲4.3%
2 profitable years in a row build equity to €1.02M.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
20-03
State Gazette act
General meeting · Director reappointment
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
24-12
State Gazette act
Incorporation · Founding capital
Corporate purpose · Bank account
2012
09-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
09-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
03-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
03-10
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
21-09
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
21-09
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
2011
20-10
State Gazette act
Board meeting · General meeting
Director appointment · Director resignation
20-10
State Gazette act
Board meeting · General meeting
Director appointment · Director resignation
17-10
State Gazette act
Board meeting · General meeting
Board composition · Director resignation
17-10
State Gazette act
Board meeting · General meeting
Director appointment · Director resignation
12-10
State Gazette act
General meeting · Director reappointment
Permanent representative
12-10
State Gazette act
General meeting · Director reappointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Laarne · 1 establishment unit since 1994
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.
Breestraat 89270 LaarneGround area
3,850 m²
Building footprint
438 m²
Volume, LiDAR
2,753 m³
Parcel 42010A0571/00K000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VQO
since 19942.066.238.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010A0571/00K000 | Flanders | 3,850 m² | 1 · 438 m² | 11.3 m · 2 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.
Structure & network
Connections & network
12 connected companiesLinked via shared directors
Shared director
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Show 8 more companies with a shared director
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Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 666 EUR awarded · 666 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 666 EUR | 666 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 698 companies in sector 86910 we hold annual accounts for 520. 379 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
Founded19-03-1994
Fiscal year end30-06
Activities, NACEBEL 2025
86910Medical imaging and medical laboratories
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.