V.C.
ActiveSummary
V.C. has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739,400 and a net result of €218,111. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 80% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95=
Solvency96▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.93 in 2024; short-term debt: 28.2% and cash: 46.9% of total assets), and 28.6% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
71.4%
Return on assets
21.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
20 d early
2023
33 d early
2022
28 d early
2021
20 d early
2020
23 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 oldest company in Eeklo, Real estate sector
Equity
€739,400=
2024 · €739,400
Total assets
€1.0m▲ 0.4%
2024 · €1.0m
Net result
€218,111▲ 1.4%
2024 · €215,000
Working capital
€277,191▲ 5.5%
2024 · €262,691
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
Line20212022202320242025
Operating result€249,991▲ 27.7%€259,563▲ 3.8%€272,691▲ 5.1%€273,055▲ 0.1%€287,797▲ 5.4%
Net result€183,000▲ 24.7%€194,000▲ 6.0%€206,990▲ 6.7%€215,000▲ 3.9%€218,111▲ 1.4%
Equity€727,247▲ 0.1%€729,601▲ 0.3%€738,861▲ 1.3%€739,400▲ 0.1%€739,400=
Total assets€980,830▲ 2.9%€990,992▲ 1.0%€1.0m▲ 1.9%€1.0m▲ 2.1%€1.0m▲ 0.4%
Debt€253,583▲ 12.2%€261,391▲ 3.1%€271,259▲ 3.8%€291,877▲ 7.6%€296,253▲ 1.5%
Working capital€195,531▲ 22.7%€230,734▲ 18.0%€272,688▲ 18.2%€262,691▼ 3.7%€277,191▲ 5.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€466,266 ▼ 4.0%
Current assets
€569,387 ▲ 4.3%
Equity and liabilities €1.0m
Equity
€739,400 =
Debt
€296,253 ▲ 1.5%
Debt's share of the balance-sheet total rises from 28.3% to 28.6%. Debt is higher.
Key figures and ratios
EBITDA
€325,113▲
2024 · €306,464
Cash flow
€255,427▲
2024 · €248,409
Current ratio
1.95▲
2024 · 1.93
Debt to equity
0.40▲
2024 · 0.39
ROE
29.5%▲
2024 · 29.1%
ROA
21.1%▲
2024 · 20.8%
Interest coverage
3824.86▲
2024 · 3783.51
Debt ≤ 1 year
€292,196▲
2024 · €283,130
Income taxes
€77,542▲
2024 · €69,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,699 | €32,849 | €32,694 | €33,409 | €37,316 | ▲ 11.7% |
| Gross operating margin9900 | €285,690 | €292,412 | €305,385 | €306,464 | €325,113 | ▲ 6.1% |
| Operating profit (loss)9901 | €249,991 | €259,563 | €272,691 | €273,055 | €287,797 | ▲ 5.4% |
| Financial income75/76B | - | - | €3,038 | €11,575 | €7,941 | ▼ 31.4% |
| Recurring financial income75 | - | - | €3,038 | €11,575 | €7,941 | ▼ 31.4% |
| Financial charges65/66B | €63 | €69 | €82 | €81 | €85 | ▲ 4.9% |
| Recurring financial charges65 | €63 | €69 | €82 | €81 | €85 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €249,928 | €259,494 | €275,647 | €284,549 | €295,653 | ▲ 3.9% |
| Income taxes67/77 | €66,928 | €65,494 | €68,657 | €69,549 | €77,542 | ▲ 11.5% |
| Profit (loss) for the period9904 | €183,000 | €194,000 | €206,990 | €215,000 | €218,111 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €183,000 | €194,000 | €206,990 | €215,000 | €218,111 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €980,830 | €990,992 | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Fixed assets21/28 | €535,773 | €502,924 | €470,230 | €485,456 | €466,266 | ▼ 4.0% |
| Tangible fixed assets22/27 | €535,773 | €502,924 | €470,230 | €485,456 | €466,266 | ▼ 4.0% |
| Land and buildings22 | €469,597 | €444,718 | €419,839 | €394,960 | €370,081 | ▼ 6.3% |
| Plant, machinery and equipment23 | €155 | - | - | - | - | - |
| Other tangible fixed assets26 | €66,021 | €58,206 | €50,391 | €90,496 | €96,185 | ▲ 6.3% |
| Current assets29/58 | €445,057 | €488,068 | €539,890 | €545,821 | €569,387 | ▲ 4.3% |
| Amounts receivable within one year40/41 | - | €70,000 | €41,500 | €58,472 | €82,382 | ▲ 40.9% |
| Other amounts receivable41 | - | €70,000 | €41,500 | €58,472 | €82,382 | ▲ 40.9% |
| Cash at bank and in hand54/58 | €445,057 | €418,068 | €498,390 | €487,349 | €485,515 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,490 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €980,830 | €990,992 | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Equity10/15 | €727,247 | €729,601 | €738,861 | €739,400 | €739,400 | = |
| Contributions10/11 | €630,000 | €630,000 | €630,000 | €630,000 | €630,000 | = |
| Capital10 | €630,000 | €630,000 | €630,000 | €630,000 | €630,000 | = |
| Issued capital100 | €630,000 | €630,000 | €630,000 | €630,000 | €630,000 | = |
| Reserves13 | €97,247 | €99,601 | €108,861 | €109,400 | €109,400 | = |
| Non-distributable reserves130/1 | €93,704 | €93,704 | €93,704 | €93,704 | €93,704 | = |
| Legal reserve130 | €93,704 | €93,704 | €93,704 | €93,704 | €93,704 | = |
| Distributable reserves133 | €3,543 | €5,897 | €15,157 | €15,696 | €15,696 | = |
| Amounts payable17/49 | €253,583 | €261,391 | €271,259 | €291,877 | €296,253 | ▲ 1.5% |
| Amounts payable within one year42/48 | €249,526 | €257,334 | €267,202 | €283,130 | €292,196 | ▲ 3.2% |
| Taxes, remuneration and social security45 | €121,762 | €123,182 | €128,791 | €133,008 | €139,518 | ▲ 4.9% |
| Taxes450/3 | €121,762 | €123,182 | €128,791 | €133,008 | €139,518 | ▲ 4.9% |
| Other amounts payable47/48 | €127,764 | €134,152 | €138,411 | €150,122 | €152,678 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | €4,057 | €4,057 | €4,057 | €8,747 | €4,057 | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €183,000 | €194,000 | €206,990 | €215,000 | €218,111 | ▲ 1.4% |
| + Depreciation and write-downs630 | €35,699 | €32,849 | €32,694 | €33,409 | €37,316 | ▲ 11.7% |
| Operating cash flow (approximation) | €218,699 | €226,849 | €239,684 | €248,409 | €255,427 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€48,635 | -€18,126 | ▲ 62.7% |
| Change in cash | - | -€26,989 | €80,322 | -€11,041 | -€1,834 | ▲ 83.4% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €218,111 ▲1.4%
Operating result €287,797, net result €218,111, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Eeklo · 1 establishment unit since 1986
Ground area
3,331 m²
Building footprint
1,399 m²
Volume, LiDAR
5,888 m³
Parcel 43352E1561/00P000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Brugsesteenweg 19C, 9900 Eeklo
since 19862.036.658.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E1561/00P000 | Flanders | 3,331 m² | 1 · 1,399 m² | 5.5 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
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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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-12-00121/13.03)