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V-BUILDING

Active
Private limited company (pre-2019)founded 2012active for 14 yearsSappenleenstraat 26, 8970 Poperinge, BelgiumKBO/BCE: BE 0845.372.321
Summary

V-BUILDING has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,401 and a net result of €47,671. Equity is growing by about 11% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€242,401▲ 24.5%
2024 · €194,730
Total assets
€1.2m▲ 4.1%
2024 · €1.2m
Net result
€47,671▲ 93.8%
2024 · €24,592
Working capital
€242,401▲ 24.5%
2024 · €194,730
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 96% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.06m 2025 Net result€0.05m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.01m--€0.002m€0.007m€0.05m▲ 534%€0.02m▼ 53.2%€0.009m▼ 58.5%€0.03m▲ 262%€0.06m▲ 96.3%
Net result€0.008m--€0.002m€0.005m€0.03m▲ 523%€0.02m▼ 53.3%€0.007m▼ 56.4%€0.02m▲ 261%€0.05m▲ 93.8%
Equity€0.1m-€0.1m▼ 1.7%€0.1m▲ 4.9%€0.1m▲ 29.3%€0.2m▲ 10.6%€0.2m▲ 4.2%€0.2m▲ 14.5%€0.2m▲ 24.5%
Total assets€0.2m-€0.5m▲ 158%€1.0m▲ 92.5%€1.4m▲ 44.9%€1.4m▲ 1.1%€1.4m▲ 0.5%€1.2m▼ 17.8%€1.2m▲ 4.1%
Debt€0.09m-€0.4m▲ 364%€0.9m▲ 116%€1.3m▲ 47.0%€1.3m=€1.3m=€1.0m▼ 22.2%€1.0m=
Working capital€0.1m-€0.1m▼ 1.7%€0.1m▲ 4.9%€0.1m▲ 30.1%€0.2m▲ 9.8%€0.2m▲ 4.2%€0.2m▲ 14.5%€0.2m▲ 24.5%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.2m
Equity €242,401 ▲ 24.5%
Debt €983,122 =
Debt's share of the balance-sheet total falls from 83.5% to 80.2%. Equity is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.25▲
2024 · 1.20
Quick ratio
0.39▲
2024 · 0.37
Debt to equity
4.06▼
2024 · 5.05
ROE
19.7%▲
2024 · 12.6%
ROA
3.9%▲
2024 · 2.1%
Debt ≤ 1 year
€983,122=
2024 · €982,839
Income taxes
€15,890▲
2024 · €8,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,107 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98.0% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.9% stopped otherwise
98.0% still going

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

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 4,107 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 · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.2m▲
Current assets29/58€1.2m€1.2m▲
Stocks and contracts in progress3€0.8m€0.8m▲
Stocks30/36€0.8m€0.8m▲
Amounts receivable within one year40/41€0.02m€0.004m▼
Trade receivables40-€0.003m
Other amounts receivable41€0.02m€0.001m▼
Current investments50/53€0.3m€0.2m▼
Cash at bank and in hand54/58€0.08m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▲
Equity10/15€0.2m€0.2m▲
Contributions10/11€0.05m€0.05m=
Reserves13€0.1m€0.2m▲
Non-distributable reserves130/1€0.003m€0.003m=
Reserves not available under the articles1311€0.003m€0.003m=
Distributable reserves133€0.1m€0.2m▲
Amounts payable17/49€1.0m€1.0m=
Amounts payable within one year42/48€1.0m€1.0m=
Taxes, remuneration and social security45€244€0.001m▲
Taxes450/3€244€0.001m▲
Other amounts payable47/48€1.0m€1.0m=
Income statement Code20242025
Other operating charges640/8€0.003m€0.001m▼
Gross operating margin9900€0.03m€0.06m▲
Operating profit (loss)9901€0.03m€0.06m▲
Financial income75/76B€0.001m€0.002m▲
Recurring financial income75€0.001m€0.002m▲
Financial charges65/66B€181€185▲
Recurring financial charges65€181€185▲
Profit (loss) for the period before taxes9903€0.03m€0.06m▲
Income taxes67/77€0.008m€0.02m▲
Profit (loss) for the period9904€0.02m€0.05m▲
Profit (loss) for the period to be appropriated9905€0.02m€0.05m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.02m€0.05m▲
Transfer to equity691/2€0.02m€0.05m▲
To other reserves6921€0.02m€0.05m▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Other operating charges640/8---€1,499€2,931€1,478€3,297€1,336▼ 59.5%
Gross operating margin9900€12,161-€1,012€8,504€46,558€24,034€10,231€34,948€63,466▲ 81.6%
Operating profit (loss)9901€11,573-€1,604€7,111€45,059€21,103€8,753€31,651€62,130▲ 96.3%
Financial income75/76B-----€497€1,319€1,616▲ 22.5%
Recurring financial income75€2----€497€1,319€1,616▲ 22.5%
Financial charges65/66B---€482€306€174€181€185▲ 2.2%
Recurring financial charges65€151€262€592€482€306€174€181€185▲ 2.2%
Profit (loss) for the period before taxes9903€11,424-€1,866€6,519€44,577€20,797€9,076€32,789€63,561▲ 93.8%
Income taxes67/77€3,308-€1,152€11,136€5,185€2,269€8,197€15,890▲ 93.9%
Profit (loss) for the period9904€8,116-€1,866€5,367€33,441€15,612€6,807€24,592€47,671▲ 93.8%
Profit (loss) for the period to be appropriated9905€8,116-€1,866€5,367€33,441€15,612€6,807€24,592€47,671▲ 93.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.2m€0.5m€1.0m€1.4m€1.4m€1.4m€1.2m€1.2m▲ 4.1%
Current assets29/58€0.2m€0.5m€1.0m€1.4m€1.4m€1.4m€1.2m€1.2m▲ 4.1%
Stocks and contracts in progress3€0.2m€0.5m€0.9m€1.0m€0.9m€1.0m€0.8m€0.8m▲ 4.1%
Stocks30/36---€1.0m€0.9m€1.0m€0.8m€0.8m▲ 4.1%
Amounts receivable within one year40/41€0.007m€0.01m€0.004m€0.2m€0.02m€0.02m€0.02m€0.004m▼ 79.0%
Trade receivables40---€0.2m---€0.003m-
Other amounts receivable41---€0.004m€0.02m€0.02m€0.02m€0.001m▼ 94.7%
Current investments50/53€0.004m€0.003m€0.003m€0.003m€0.003m€0.4m€0.3m€0.2m▼ 25.3%
Cash at bank and in hand54/58€0.02m€155€0.09m€0.2m€0.5m€0.09m€0.08m€0.2m▲ 129%
Deferred charges and accrued income490/1---€389-----
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.5m€1.0m€1.4m€1.4m€1.4m€1.2m€1.2m▲ 4.1%
Equity10/15€0.1m€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m€0.2m▲ 24.5%
Contributions10/11€0.05m€0.05m-€0.05m€0.05m€0.05m€0.05m€0.05m=
Reserves13€0.06m€0.06m€0.06m€0.1m€0.1m€0.1m€0.1m€0.2m▲ 32.9%
Non-distributable reserves130/1---€0.003m€0.003m€0.003m€0.003m€0.003m=
Reserves not available under the articles1311---€0.003m€0.003m€0.003m€0.003m€0.003m=
Distributable reserves133---€0.09m€0.1m€0.1m€0.1m€0.2m▲ 33.6%
Profit (loss) carried forward14--€0.002m-------
Amounts payable17/49€0.09m€0.4m€0.9m€1.3m€1.3m€1.3m€1.0m€1.0m=
Amounts payable within one year42/48€0.09m€0.4m€0.9m€1.3m€1.3m€1.3m€1.0m€1.0m=
Trade debts44---€0.06m-€117---
Suppliers440/4---€0.06m-€117---
Taxes, remuneration and social security45------€244€0.001m▲ 116%
Taxes450/3------€244€0.001m▲ 116%
Other amounts payable47/48---€1.2m€1.3m€1.3m€1.0m€1.0m=
Accrued charges and deferred income492/3---€0.001m-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€8,116-€1,866€5,367€33,441€15,612€6,807€24,592€47,671▲ 93.8%
Operating cash flow (approximation)€8,116-€1,866€5,367€33,441€15,612€6,807€24,592€47,671▲ 93.8%
Change in cash--€21,058€88,843€147,750€279,112-€427,355-€12,172€98,165-

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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Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 04-07-2026 2026-00253008
31-12-2024 abbreviated format 28-04-2025 2025-00077477
31-12-2023 abbreviated format 14-06-2024 2024-00129779
31-12-2022 abbreviated format 23-06-2023 2023-00151519
31-12-2021 abbreviated format 18-06-2022 2022-20072239
31-12-2020 abbreviated format 09-07-2021 2021-33900165
31-12-2019 abbreviated format 31-08-2020 2020-48900177
31-12-2018 abbreviated format 30-08-2019 2019-60300261
31-12-2017 abbreviated format 31-08-2018 2018-59000223
31-12-2016 abbreviated format 31-08-2017 2017-58000367

Show all 13 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.