V.B.M.
ActiveSummary
The computed 12-month bankruptcy probability of V.B.M. is 3.0% (moderate). The 2024 annual accounts show equity of €25,787 and a net result of €5,689. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 36378 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+10
Solvency65▲+5
Growth78=
Track record84
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.44 in 2023; short-term debt: 60% and cash: 12.6% of total assets), but 60% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
40%
Return on assets
8.8%
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 30-08-2025, 30 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
49 d late
2022
298 d late
2021
662 d late
2020
1027 d late
2019
1392 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 576 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingStrikeout withdrawn
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Turnover
€113,502
EBIT margin
-3.1%
Net result
€5,689▲ 533%
2023 · €898
Working capital
€20,723▼ 11.3%
2023 · €23,351
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€8,845▼ 153%€13,983€6,784▼ 51.5%€614▼ 91.0%€16,156▲ 2,533%
Net result-€8,890below the sector's middle half▼ 151%€14,139within the sector's middle half€6,513within the sector's middle half▼ 53.9%€898within the sector's middle half▼ 86.2%€5,689within the sector's middle half▲ 533%
EBIT margin
Equity€7,568below the sector's middle half▼ 54.0%€21,707within the sector's middle half▲ 187%€28,220within the sector's middle half▲ 30.0%€28,318within the sector's middle half▲ 0.3%€25,787within the sector's middle half▼ 8.9%
Total assets€59,132below the sector's middle half▲ 56.5%€39,178below the sector's middle half▼ 33.7%€59,576below the sector's middle half▲ 52.1%€80,837within the sector's middle half▲ 35.7%€64,504below the sector's middle half▼ 20.2%
Debt€51,563▲ 142%€17,471▼ 66.1%€31,356▲ 79.5%€52,518▲ 67.5%€38,717▼ 26.3%
Working capital-€7,549below the sector's middle half▼ 46.4%-€539below the sector's middle half▲ 92.9%€12,054within the sector's middle half€23,351within the sector's middle half▲ 93.7%€20,723within the sector's middle half▼ 11.3%
Solvency12.8%below the sector's middle half▼ 30.8pp55.4%within the sector's middle half▲ 42.6pp47.4%within the sector's middle half▼ 8.0pp35.0%within the sector's middle half▼ 12.3pp40.0%within the sector's middle half▲ 4.9pp
Current ratio0.85below the sector's middle half▲ 0.100.97below the sector's middle half▲ 0.121.38within the sector's middle half▲ 0.421.44within the sector's middle half▲ 0.061.54within the sector's middle half▲ 0.09
Return on assets (ROA)-15.0%below the sector's middle half▼ 5.7pp36.1%above the sector's middle half▲ 51.1pp10.9%within the sector's middle half▼ 25.2pp1.1%within the sector's middle half▼ 9.8pp8.8%within the sector's middle half▲ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2,533% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64,504
Fixed assets
€5,065 ▲ 2.0%
Current assets
€59,440 ▼ 21.7%
Equity and liabilities €64,504
Equity
€25,787 ▼ 8.9%
Debt
€38,717 ▼ 26.3%
Debt's share of the balance-sheet total falls from 65.0% to 60.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,217▲
2023 · €5,403
Cash flow
€7,749▲
2023 · €5,688
Quick ratio
1.18▼
2023 · 1.25
Debt to equity
1.50▼
2023 · 1.85
ROE
22.1%▲
2023 · 3.2%
Interest coverage
76.24▲
2023 · 18.15
Debt ≤ 1 year
€38,717▼
2023 · €52,518
Income taxes
€10,431▲
2023 · €10
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €38,387 | €43,095 | €47,878 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,780 | €10,659 | €6,850 | €4,790 | €2,061 | ▼ 57.0% |
| Other operating charges640/8 | - | €934 | €122 | €482 | €306 | ▼ 36.6% |
| Gross operating margin9900 | €37,321 | €68,671 | €61,634 | €5,885 | €18,522 | ▲ 215% |
| Operating profit (loss)9901 | -€8,845 | €13,983 | €6,784 | €614 | €16,156 | ▲ 2,533% |
| Financial income75/76B | €12 | €341 | €1 | €592 | €203 | ▼ 65.7% |
| Recurring financial income75 | €12 | €341 | €1 | €592 | €203 | ▼ 65.7% |
| Financial charges65/66B | €57 | €185 | €272 | €298 | €239 | ▼ 19.8% |
| Recurring financial charges65 | €57 | €185 | €272 | €298 | €239 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | -€8,890 | €14,139 | €6,513 | €908 | €16,120 | ▲ 1,675% |
| Income taxes67/77 | - | - | - | €10 | €10,431 | ▲ 105,803% |
| Profit (loss) for the period9904 | -€8,890 | €14,139 | €6,513 | €898 | €5,689 | ▲ 533% |
| Profit (loss) for the period to be appropriated9905 | -€8,890 | €14,139 | €6,513 | €898 | €5,689 | ▲ 533% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,132 | €39,178 | €59,576 | €80,837 | €64,504 | ▼ 20.2% |
| Formation expenses20 | €526 | €351 | €175 | - | - | - |
| Fixed assets21/28 | €14,591 | €21,895 | €15,991 | €4,968 | €5,065 | ▲ 2.0% |
| Tangible fixed assets22/27 | €14,591 | €21,895 | €15,991 | €4,968 | €5,065 | ▲ 2.0% |
| Plant, machinery and equipment23 | €4,661 | €5,274 | €4,892 | €4,085 | €4,637 | ▲ 13.5% |
| Furniture and vehicles24 | €8,695 | €15,641 | €10,376 | €415 | €217 | ▼ 47.7% |
| Other tangible fixed assets26 | €1,236 | €980 | €723 | €467 | €211 | ▼ 54.9% |
| Current assets29/58 | €44,015 | €16,932 | €43,410 | €75,869 | €59,440 | ▼ 21.7% |
| Stocks and contracts in progress3 | - | - | €2,345 | €10,034 | €13,616 | ▲ 35.7% |
| Stocks30/36 | - | - | €2,345 | €3,256 | €4,116 | ▲ 26.4% |
| Contracts in progress37 | - | - | - | €6,779 | €9,500 | ▲ 40.1% |
| Amounts receivable within one year40/41 | €15,228 | €11,997 | €39,713 | €60,913 | €22,048 | ▼ 63.8% |
| Trade receivables40 | €14,221 | €11,265 | €34,678 | €35,548 | - | - |
| Other amounts receivable41 | €1,008 | €732 | €5,035 | €25,365 | €22,048 | ▼ 13.1% |
| Cash at bank and in hand54/58 | €27,522 | €3,570 | €880 | €2,058 | €8,132 | ▲ 295% |
| Deferred charges and accrued income490/1 | €1,264 | €1,366 | €471 | €2,864 | €15,644 | ▲ 446% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,132 | €39,178 | €59,576 | €80,837 | €64,504 | ▼ 20.2% |
| Equity10/15 | €7,568 | €21,707 | €28,220 | €28,318 | €25,787 | ▼ 8.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - | - | - |
| Issued capital100 | €20,000 | - | - | - | - | - |
| Reserves13 | - | - | - | €98 | €5,787 | ▲ 5,778% |
| Distributable reserves133 | - | - | - | €98 | €5,787 | ▲ 5,778% |
| Profit (loss) carried forward14 | -€12,432 | €1,707 | €8,220 | €8,220 | - | - |
| Amounts payable17/49 | €51,563 | €17,471 | €31,356 | €52,518 | €38,717 | ▼ 26.3% |
| Amounts payable within one year42/48 | €51,563 | €17,471 | €31,356 | €52,518 | €38,717 | ▼ 26.3% |
| Trade debts44 | €12,309 | €778 | €1,397 | €5,771 | €3,883 | ▼ 32.7% |
| Suppliers440/4 | €12,309 | €778 | €1,397 | €5,771 | €3,883 | ▼ 32.7% |
| Taxes, remuneration and social security45 | €1,372 | €2,272 | €248 | €4,137 | €7,050 | ▲ 70.4% |
| Taxes450/3 | €122 | €197 | €248 | €4,137 | €7,050 | ▲ 70.4% |
| Remuneration and social security454/9 | €1,250 | €2,075 | - | - | - | - |
| Other amounts payable47/48 | €37,882 | €14,420 | €29,711 | €42,610 | €27,784 | ▼ 34.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,890 | €14,139 | €6,513 | €898 | €5,689 | ▲ 533% |
| + Depreciation and write-downs630 | €7,780 | €10,659 | €6,850 | €4,790 | €2,061 | ▼ 57.0% |
| Operating cash flow (approximation) | -€1,110 | €24,797 | €13,363 | €5,688 | €7,749 | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | -€17,963 | -€946 | €6,234 | -€2,158 | ▼ 135% |
| Change in cash | - | -€23,953 | -€2,689 | €1,177 | €6,075 | ▲ 416% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
07-06
KBO administration
Strikeout withdrawn
event 24-05-2024
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 298 days late
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 662 days late
23-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1027 days late
23-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1392 days late
01-03
KBO administration
Late accounts filing
event 19-02-2024
2021
31-12
Financial
Back to profitnet €14,139
Net result €14,139 after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet -€8,890
Net result drops to -€8,890, the lowest in the series; recovery starts the following year.
SignalFinancial 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, Gent · 1 establishment unit since 2019
Ground area
106 m²
Building footprint
84 m²
Volume, LiDAR
578 m³
Parcel 44432C1060/00Y003, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
V.B.M. bvba
since 20192.287.395.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1060/00Y003 | Flanders | 106 m² | 1 · 84 m² | 11.9 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.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,418 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43211General electrical installation work
43320Joinery installation
43331Floor and wall tiling
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723906743
Also
9925:BE0723906743
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.