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V-B

Active
Private limited companyfounded 201511 yrs activeHauwaart 123, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0598.986.381
Summary

V-B has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,222 and a net result of €9,029. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability89▲+30
Solvency100=
Growth85▲+13
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 12.6 against 9.15 in 2023; short-term debt: 7.2% and cash: 67.4% of total assets), and 7.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €51,222
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
55 d early
2023
22 d early
2022
78 d late
2021
52 d early
2020
73 d early
2019
74 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

V-B was incorporated on 26 February 2015.1 Revenue grew from EUR 38,961 in 2020 to EUR 59,075 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2022

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Financials · fiscal year 2024, micro schema

Turnover
€59,075▲ 60.3%
2021 · €36,857
EBIT margin
1.9%▲ 7.9pp
2021 · -6.0%
Net result
€9,029
2023 · -€3,504
Working capital
€46,412▲ 42.5%
2023 · €32,580
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€38,961€36,857▼ 5.4%€59,075▲ 60.3%
Operating result€14,168-€2,197€1,131-€3,465€9,074
Net result€12,354-€2,272€1,056-€3,504€9,029
EBIT margin36.4%-6.0%▼ 42.3pp1.9%▲ 7.9pp
Equity€45,149▲ 37.7%€44,641▼ 1.1%€45,697▲ 2.4%€42,193▼ 7.7%€51,222▲ 21.4%
Total assets€49,149▲ 33.6%€48,641▼ 1.0%€49,697▲ 2.2%€46,193▼ 7.1%€55,222▲ 19.5%
Debt€4,000=€4,000=€4,000=€4,000=€4,000=
Working capital€21,132€25,426▲ 20.3%€31,282▲ 23.0%€32,580▲ 4.1%€46,412▲ 42.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2020: €14,168€14,168Net result 2020: €12,354€12,354Operating result 2021: -€2,197-€2,197Net result 2021: -€2,272-€2,272Operating result 2022: €1,131€1,131Net result 2022: €1,056€1,056Operating result 2023: -€3,465-€3,465Net result 2023: -€3,504-€3,504Operating result 2024: €9,074€9,074Net result 2024: €9,029€9,02920202021202220232024-€5,000€0€5,000€10,000Operating result 2022: €1,131€1,130Net result 2022: €1,056€1,060Operating result 2023: -€3,465-€3,470Net result 2023: -€3,504-€3,500Operating result 2024: €9,074€9,070Net result 2024: €9,029€9,030202220232024
The operating result returns to profit in 2024: €9,074 after a loss of €3,465 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,222
Fixed assets €4,810 ▼ 50.0%
Current assets €50,412 ▲ 37.8%
Equity and liabilities €55,222
Equity €51,222 ▲ 21.4%
Debt €4,000 =
Debt's share of the balance-sheet total falls from 8.7% to 7.2%. Equity is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€13,876▲
2023 · €1,337
Cash flow
€13,831▲
2023 · €1,298
Current ratio
12.60▲
2023 · 9.15
Debt to equity
0.08▼
2023 · 0.09
ROE
17.6%▲
2023 · -8.3%
ROA
16.4%▲
2023 · -7.6%
Interest coverage
308.36▲
2023 · 34.28
Debt ≤ 1 year
€4,000=
2023 · €4,000
Staff costs
€12,388▼
2023 · €18,348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€46,193€55,222▲
Fixed assets21/28€9,613€4,810▼
Tangible fixed assets22/27€9,613€4,810▼
Furniture and vehicles24€9,613€4,810▼
Current assets29/58€36,580€50,412▲
Amounts receivable after more than one year29€10,000€10,000=
Trade receivables290€10,000€10,000=
Amounts receivable within one year40/41€3,184€3,184=
Other amounts receivable41€3,184€3,184=
Cash at bank and in hand54/58€23,396€37,228▲
Equity and liabilities
Total equity and liabilities10/49€46,193€55,222▲
Equity10/15€42,193€51,222▲
Contributions10/11€12,400€12,400=
Reserves13€9,064€9,064=
Distributable reserves133€9,064€9,064=
Profit (loss) carried forward14€20,729€29,758▲
Amounts payable17/49€4,000€4,000=
Amounts payable within one year42/48€4,000€4,000=
Other amounts payable47/48€4,000€4,000=
Income statement Code20232024
Remuneration, social security and pensions62€18,348€12,388▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,802€4,802=
Other operating charges640/8€33,871€35,484▲
Gross operating margin9900€53,556€61,748▲
Operating profit (loss)9901-€3,465€9,074▲
Financial charges65/66B€39€45▲
Recurring financial charges65€39€45▲
Non-recurring financial charges66B€39€45▲
Profit (loss) for the period before taxes9903-€3,504€9,029▲
Profit (loss) for the period9904-€3,504€9,029▲
Profit (loss) for the period to be appropriated9905-€3,504€9,029▲
Appropriation of the result
Profit (loss) to be appropriated9906€20,729€29,758▲
Profit (loss) brought forward from the previous period14P€24,233€20,729▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€38,961€36,857€59,075---
Remuneration, social security and pensions62-€12,347€18,347€18,348€12,388▼ 32.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,604€4,802€4,800€4,802€4,802=
Other operating charges640/8-€21,905€34,797€33,871€35,484▲ 4.8%
Gross operating margin9900€46,025€36,857€59,075€53,556€61,748▲ 15.3%
Operating profit (loss)9901€14,168-€2,197€1,131-€3,465€9,074▲ 362%
Financial charges65/66B-€75€75€39€45▲ 15.4%
Recurring financial charges65€50€75€75€39€45▲ 15.4%
Non-recurring financial charges66B-€75€75€39€45▲ 15.4%
Profit (loss) for the period before taxes9903€14,118-€2,272€1,056-€3,504€9,029▲ 358%
Income taxes67/77€1,764-----
Profit (loss) for the period9904€12,354-€2,272€1,056-€3,504€9,029▲ 358%
Profit (loss) for the period to be appropriated9905€12,354-€2,272€1,056-€3,504€9,029▲ 358%
Line20202021202220232024Change
Assets
Total assets20/58€49,149€48,641€49,697€46,193€55,222▲ 19.5%
Formation expenses20€0-----
Fixed assets21/28€24,017€19,215€14,415€9,613€4,810▼ 50.0%
Intangible fixed assets21€0-----
Tangible fixed assets22/27€24,017€19,215€14,415€9,613€4,810▼ 50.0%
Furniture and vehicles24-€19,215€14,415€9,613€4,810▼ 50.0%
Financial fixed assets28€0-----
Current assets29/58€25,132€29,426€35,282€36,580€50,412▲ 37.8%
Amounts receivable after more than one year29---€10,000€10,000=
Trade receivables290---€10,000€10,000=
Amounts receivable within one year40/41€0-€3,184€3,184€3,184=
Other amounts receivable41--€3,184€3,184€3,184=
Cash at bank and in hand54/58€25,132€29,426€32,098€23,396€37,228▲ 59.1%
Equity and liabilities
Total equity and liabilities10/49€49,149€48,641€49,697€46,193€55,222▲ 19.5%
Equity10/15€45,149€44,641€45,697€42,193€51,222▲ 21.4%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Reserves13€8,314€8,564€8,814€9,064€9,064=
Non-distributable reserves130/1-€8,564€8,814---
Reserves not available under the articles1311-€1,500€1,750---
Other1319-€7,064€7,064---
Distributable reserves133---€9,064€9,064=
Profit (loss) carried forward14€24,435€23,677€24,483€20,729€29,758▲ 43.6%
Amounts payable17/49€4,000€4,000€4,000€4,000€4,000=
Amounts payable within one year42/48€4,000€4,000€4,000€4,000€4,000=
Other amounts payable47/48-€4,000€4,000€4,000€4,000=
Line20202021202220232024Change
Profit (loss) for the period9904€12,354-€2,272€1,056-€3,504€9,029▲ 358%
+ Depreciation and write-downs630€9,604€4,802€4,800€4,802€4,802=
Operating cash flow (approximation)€21,958€2,530€5,856€1,298€13,831▲ 966%
Investment in fixed assets (approximation)-€0-€0€0€1-
Change in cash-€4,294€2,672-€8,702€13,832▲ 259%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
06-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €9,029
Net result €9,029 after one loss-making year.
09-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
17-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial Back to profitnet €1,056
Net result €1,056 after one loss-making year.
09-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
19-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €12,354
Net result €12,354 after 2 loss-making years.
31-12
Financial Liquidity times 8current ratio 6.28
Current ratio from 0.79 to 6.28.
18-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
22-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-11
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 106 days late
19-04
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 262 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Oudenaarde · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1,159 m²
Building footprint
79 m²
Volume, LiDAR
608 m³
Parcel 45021A0635/02K000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
DR VANDER BRUGGEN CHRISTIAN (HUISARTS)
Hauwaart 123, 9700 OudenaardeGeneral medical practice
since 20152.301.343.212
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45021A0635/02K000 Flanders 1,159 m² 1 · 79 m² 9.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded26-02-2015
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.