Age4 yrs
Real estate2 parcels · 3,417 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of VZB Equestrian is 0.6% (low). The 2023 annual accounts show equity of €29k and a net result of €21k. Its solvency ranks better than 79% of 682 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 79% of 682 peers (2023). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-10-2024, 75 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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 14-10-2024 | 75 d late | 2024-00505630 |
| 31-12-2022 | 31-07-2023 | 04-10-2023 | 65 d late | 2023-00470219 |
| 31-12-2021 | 31-07-2022 | 05-10-2023 | 431 d late | 2023-00472031 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€21k
Working capital€29k
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 14-10-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 01, Agriculture · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 59.1% | 20.3% | |
| Net result | €21k | €5k | |
| Equity | €29k | €34k | |
| Gross operating margin | €22k | €30k | |
| Total assets | €48k | €192k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€21k
-
21-23
€48k
+1116.1%
21-23
€29k
+618.1%
21-23
€29k
-
21-23
€902
-
21-23
€20k
-
21-23
€20k
-
21-23
2.44
-
21-23
1.43
-
21-23
59.1%
-40.9%
21-23
0.69
-
21-23
74.2%
-
21-23
43.8%
-
21-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €21k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €902 |
| Dividends | - |
| Total assets | €48k |
| Equity | €29k |
| Debt | €20k |
| of which ≤ 1y | €20k |
| of which > 1y | - |
| Working capital | €29k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 2.44 |
| Quick ratio | 1.43 |
| Working capital ratio | 59.1% |
| Solvency | 59.1% |
| Debt / equity | 0.69 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 43.8% |
| ROE | 74.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €48k |
| Current assets | 29/58 | €48k |
| Stocks & contracts in progress | 3 | €20k |
| Amounts receivable within one year | 40/41 | €11k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €48k |
| Equity | 10/15 | €29k |
| Contributions / capital | 10/11 | €4k |
| Accumulated profits (losses) | 14 | €25k |
| Amounts payable | 17/49 | €20k |
| Amounts payable within one year | 42/48 | €20k |
| Income statement | ||
| Gross operating margin | 9900 | €22k |
| Operating result | 9901 | €22k |
| Financial charges | 65 | €69 |
| Result before taxes | 9903 | €22k |
| Income taxes | 67/77 | €902 |
| Net result for the period | 9904 | €21k |
| Result to be appropriated | 9905 | €21k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Penitentienenstraat 13E3000 LeuvenEstablishment units
1 locationBourguignon Vincent
since 20212.324.779.796
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,417 m²
Buildings2
Building footprint835 m²
Volume (LiDAR)3,641 m³
Tallest building11.4 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505F0316/00M000 | Flanders | 2,503 m² | 1 · 185 m² | 11.4 m · 3 fl. |
| 13392L0672/00Y000 | Flanders | 914 m² | 1 · 650 m² | 6.4 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Address history · 2
10-04-2026
Seat change: new: Penitentienenstraat 13E te 3000 Leuven, old: Berlaarbaan 359 te 2861 Onze Lieve Vrouw Waver
19-05-2025
v3.2
All acts · 3
updated 4 months ago
2026
10-04-2026 Act object · General meeting · Seat change · Officer appointment
- Filing: 2026-03-31 · VZB Equestrian
- Publication: 2026-04-10 · VZB Equestrian
- Act object: verplaatsing maatschappelijke zetel · VZB Equestrian
- General meeting: 2026-03-01 · VZB Equestrian
- Seat change: new: Penitentienenstraat 13E te 3000 Leuven, old: Berlaarbaan 359 te 2861 Onze Lieve Vrouw Waver · VZB Equestrian
- Officer appointment: bestuurder · Vincent Bourguignon
Summary:
Act object · General meeting · Seat change · Officer appointment
2025
19-05-2025 Registered office moved from Herselt to Onze-Lieve-Vrouw Waver
- Aarschotsesteenweg 207, 2230 Herselt → Berlaarbaan 359, 2861 Onze-Lieve-Vrouw Waver
Summary:
v3.2
2021
28-10-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
98
Growth
78
Stability
94
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Company registry
Company registry (CBE)
Crossroads BankActivities
Fokken van paarden en andere paardachtigen01430Fokken en houden van paarden en andere paardachtigen01430
Primary activity highlighted.
Names & trade names
| Legal nameNL | VZB Equestrian |
Registered office
Penitentienenstraat 13E
3000 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.