VVE
ActiveSummary
The computed 12-month bankruptcy probability of VVE is 2.5% (moderate). The 2024 annual accounts show equity of €148k and a net result of €28k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+14
Solvency86▲+6
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 2.42 against 2.13 in 2023; short-term debt: 38.2% and cash: 19% of total assets), and 39% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
43 d late
2022
15 d late
2021
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€148k▲ 23.7%
2023 · €119k
2021: €66k
2022: €119k
2023: €119k
2021 → 2024
Total assets
€242k▲ 12.4%
2023 · €215k
2021: €220k
2022: €370k
2023: €215k
2021 → 2024
Net result
€28k▲ 10,391%
2023 · €269
2021: €63k
2022: €53k
2023: €269
2021 → 2024
Working capital
€131k▲ 35.4%
2023 · €97k
2021: €31k
2022: €91k
2023: €97k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€66k-€119k▲ 80.4%€119k▲ 0.2%€148k▲ 23.7%
Operating result€78k-€66k▼ 14.7%€5k▼ 93.0%€40k▲ 747%
Net result€63k-€53k▼ 15.8%€269▼ 99.5%€28k▲ 10,391%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 747% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €242k
Fixed assets
€18k ▼ 43.3%
Current assets
€224k ▲ 22.2%
Equity and liabilities €242k
Equity
€148k ▲ 23.7%
Debt
€94k ▼ 1.7%
Debt's share of the balance-sheet total falls from 44.6% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2023 · €30k
Cash flow
€46k▲
2023 · €26k
Current ratio
2.42▲
2023 · 2.13
Debt to equity
0.64▼
2023 · 0.81
ROE
19.1%▲
2023 · 0.2%
ROA
11.7%▲
2023 · 0.1%
Interest coverage
10.29▲
2023 · 8.33
Debt ≤ 1 year
€92k▲
2023 · €86k
Debt > 1 year
€2k▼
2023 · €10k
Income taxes
€8k▲
2023 · €787
Staff costs
€95k▼
2023 · €120k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€215k€242k▲
Fixed assets21/28€32k€18k▼
Tangible fixed assets22/27€32k€18k▼
Furniture and vehicles24€32k€18k▼
Current assets29/58€183k€224k▲
Amounts receivable within one year40/41€84k€170k▲
Trade receivables40€77k€147k▲
Other amounts receivable41€6k€23k▲
Cash at bank and in hand54/58€91k€46k▼
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€215k€242k▲
Equity10/15€119k€148k▲
Contributions10/11€3k€3k=
Reserves13€110k€140k▲
Distributable reserves133€110k€140k▲
Profit (loss) carried forward14€6k€5k▼
Amounts payable17/49€96k€94k▼
Amounts payable after more than one year17€10k€2k▼
Financial debts170/4€10k€2k▼
Amounts payable within one year42/48€86k€92k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€54k€50k▼
Suppliers440/4€54k€50k▼
Taxes, remuneration and social security45€22k€25k▲
Taxes450/3€10k€15k▲
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€3k€10k▲
Income statement
Code20232024
Remuneration, social security and pensions62€120k€95k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€17k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€154k€154k▼
Operating profit (loss)9901€5k€40k▲
Financial income75/76B€2€2k▲
Recurring financial income75€2€2k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€1k€36k▲
Income taxes67/77€787€8k▲
Profit (loss) for the period9904€269€28k▲
Profit (loss) for the period to be appropriated9905€269€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€35k▲
Profit (loss) brought forward from the previous period14P€6k€6k▲
Transfer to equity691/2-€30k
To other reserves6921-€30k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Weakest financial yearnet €269 ▼99.5%
Net result drops to €269, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-12
Financial
Equity above €100kEq €119k ▲80.4%
2 profitable years in a row build equity to €119k.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gembloux · 1 establishment unit since 2020
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.
Chaussée de Tirlemont 75 B 155030 GemblouxGround area
7.8 ha
Building footprint
1.4 ha
Parcel 92253D0287/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VVE
since 20202.311.917.596
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0287/00F000 | Wallonia | 7.8 ha | 1 · 1.4 ha | - |
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
MICHAEL GRENIER SERVICES
BE 0521.892.167
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Stibegro
BE 0700.278.236
Diksmuide · Eq €147,609
CELI ROBBY
BE 0787.799.257
Lokeren · Eq €147,646
ALGEMEEN SLOOPBEDRIJF
BE 0667.783.929
Genk · Eq €147,282
ACTUM BUILDING SERVICE
BE 0833.161.704
Poperinge · Eq €147,778
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,649 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
Founded16-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81300Landscape service activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.