V.B.R.-MANAGEMENT
ActiveV.B.R.-MANAGEMENT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.90M and a net result of €136k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 31459 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+5
Solvency63▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.2 in 2024), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
52.1%
Return on assets
3.7%
Age of the figures
8 mo
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
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
9 d early
2023
27 d early
2022
18 d early
2021
51 d early
2020
65 d early
2019
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.90M▲ 7.7%
2024 · €1.77M
2018: €916k
2019: €982k
2020: €1.11M
2021: €1.18M
2022: €1.32M
2023: €1.65M
2024: €1.77M
2018 → 2025
Total assets
€3.65M▲ 2.8%
2024 · €3.54M
2018: €3.74M
2019: €3.62M
2020: €3.59M
2021: €3.50M
2022: €3.37M
2023: €3.57M
2024: €3.54M
2018 → 2025
Net result
€136k▲ 21.9%
2024 · €111k
2018: €289k
2019: €65k
2020: €126k
2021: €77k
2022: €135k
2023: €335k
2024: €111k
2018 → 2025
Working capital
€-849k▲ 19.6%
2024 · €-1.06M
2018: €-1.45M
2019: €-1.45M
2020: €-1.39M
2021: €-1.22M
2022: €-1.23M
2023: €-1.08M
2024: €-1.06M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.32M▲ 11.4%€1.65M▲ 25.4%€1.77M▲ 6.7%€1.90M▲ 7.7%
Operating result€115k-€225k▲ 95.7%€508k▲ 126%€179k▼ 64.8%€227k▲ 27.0%
Net result€77k-€135k▲ 74.9%€335k▲ 149%€111k▼ 66.8%€136k▲ 21.9%
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 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.65M
Fixed assets
€3.25M▼ 1.0%
Current assets
€393k▲ 51.4%
Equity and liabilities €3.65M
Equity
€1.90M▲ 7.7%
Debt
€1.74M▼ 1.9%
The debt ratio falls from 50.2% to 47.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€286k▲
2024 · €223k
Cash flow
€194k▲
2024 · €155k
Solvency
52.1%▲
2024 · 49.8%
Current ratio
0.32▲
2024 · 0.20
Quick ratio
0.32▲
2024 · 0.20
Debt / equity
0.92▼
2024 · 1.01
ROE
7.1%▲
2024 · 6.3%
ROA
3.7%▲
2024 · 3.1%
Interest coverage
9.37▼
2024 · 10.25
Debt
€1.74M▼
2024 · €1.78M
Debt ≤ 1 year
€1.24M▼
2024 · €1.32M
Debt > 1 year
€459k▲
2024 · €445k
Income taxes
€64k▲
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.54M€3.65M▲
Fixed assets21/28€3.28M€3.25M▼
Tangible fixed assets22/27€1.52M€1.49M▼
Land and buildings22€1.48M€1.44M▼
Plant, machinery and equipment23€45k€38k▼
Furniture and vehicles24-€19k
Financial fixed assets28€1.76M€1.76M=
Current assets29/58€260k€393k▲
Amounts receivable within one year40/41€41k€39k▼
Trade receivables40€29k€17k▼
Other amounts receivable41€12k€23k▲
Current investments50/53€179k€211k▲
Cash at bank and in hand54/58€39k€143k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€3.54M€3.65M▲
Equity10/15€1.77M€1.90M▲
Contributions10/11€20k€20k=
Reserves13€1.43M€1.57M▲
Distributable reserves133€1.43M€1.57M▲
Profit (loss) carried forward14€312k€312k▲
Amounts payable17/49€1.78M€1.74M▼
Amounts payable after more than one year17€445k€459k▲
Financial debts170/4€445k€459k▲
Amounts payable within one year42/48€1.32M€1.24M▼
Current portion of amounts payable after more than one year42€159k€143k▼
Taxes, remuneration and social security45€140k€59k▼
Taxes450/3€104k€59k▼
Remuneration and social security454/9€36k-
Other amounts payable47/48€1.02M€1.04M▲
Accrued charges and deferred income492/3€18k€43k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€59k▲
Other operating charges640/8€29k€27k▼
Gross operating margin9900€252k€313k▲
Operating profit (loss)9901€179k€227k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€22k€31k▲
Recurring financial charges65€22k€31k▲
Profit (loss) for the period before taxes9903€157k€200k▲
Income taxes67/77€46k€64k▲
Profit (loss) for the period9904€111k€136k▲
Profit (loss) for the period to be appropriated9905€111k€136k▲
Appropriation of the result
Profit (loss) to be appropriated9906€422k€447k▲
Profit (loss) brought forward from the previous period14P€311k€312k▲
Transfer to equity691/2€110k€135k▲
To other reserves6921€110k€135k▲
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
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €335k ▲149%
Operating result €508k, net result €335k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.11M ▲12.8%
3 profitable years in a row build equity to €1.11M.
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €65k ▼77.5%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ninove · 1 establishment unit since 2008
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.
Steenstraat 129402 NinoveGround area
1,724 m²
Building footprint
434 m²
Volume, LiDAR
2,429 m³
Parcel 41038C0245/00C000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.B.R. - MANAGEMENT
since 20082.171.309.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038C0245/00C000 | Flanders | 1,724 m² | 1 · 434 m² | 9.6 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.
Similar companies · same sector, comparable size
PHITORIA
BE 0451.716.231
Elsene · Eq €1.90M
GROEN-CO
BE 0764.926.954
Lommel · Eq €1.90M
growth partner group
BE 0632.626.674
Antwerpen · Eq €1.90M
P&CO INVEST
BE 1001.796.303
Awans · Eq €1.90M
SIMOB
BE 0458.047.262
Ganshoren · Eq €1.90M
Of 82,190 companies in sector 70200 we hold annual accounts for 52,402. 20,686 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-04-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.