V-Flex
ActiveSummary
V-Flex has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143k and a net result of €5k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+4
Solvency54▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.28 in 2024; short-term debt: 61.8% and cash: 5.5% of total assets), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 68
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
29.1%
Return on assets
0.9%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
on the day
2023
6 d early
2022
22 d late
2021
19 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 3.3%
2024 · €139k
2018: €81k
2019: €90k
2020: €94k
2021: €100k
2022: €110k
2023: €123k
2024: €139k
2018 → 2025
Total assets
€493k▲ 17.9%
2024 · €418k
2018: €450k
2019: €475k
2020: €605k
2021: €515k
2022: €671k
2023: €554k
2024: €418k
2018 → 2025
Net result
€5k▼ 70.2%
2024 · €15k
2018: €19k
2019: €10k
2020: €4k
2021: €6k
2022: €10k
2023: €14k
2024: €15k
2018 → 2025
Working capital
€57k▼ 2.8%
2024 · €59k
2018: €-35k
2019: €-34k
2020: €-45k
2021: €-24k
2022: €-38k
2023: €13k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€110k▲ 10.1%€123k▲ 12.6%€139k▲ 12.3%€143k▲ 3.3%
Operating result€26k-€35k▲ 32.8%€48k▲ 39.1%€48k▼ 1.3%€20k▼ 58.6%
Net result€6k-€10k▲ 73.7%€14k▲ 37.0%€15k▲ 10.6%€5k▼ 70.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 59% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €493k
Fixed assets
€131k ▼ 14.0%
Current assets
€362k ▲ 36.2%
Equity and liabilities €493k
Equity
€143k ▲ 3.3%
Debt
€350k ▲ 25.1%
Debt's share of the balance-sheet total rises from 66.8% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €68k
Cash flow
€25k▼
2024 · €36k
Current ratio
1.19▼
2024 · 1.28
Quick ratio
0.41▼
2024 · 0.87
Debt to equity
2.44▲
2024 · 2.02
ROE
3.2%▼
2024 · 11.0%
ROA
0.9%▼
2024 · 3.6%
Interest coverage
4.73▲
2024 · 3.76
Debt ≤ 1 year
€305k▲
2024 · €207k
Debt > 1 year
€45k▼
2024 · €73k
Income taxes
€7k▼
2024 · €15k
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€418k€493k▲
Fixed assets21/28€152k€131k▼
Tangible fixed assets22/27€152k€131k▼
Land and buildings22€150k€131k▼
Furniture and vehicles24€2k€522▼
Financial fixed assets28€345€0▼
Current assets29/58€266k€362k▲
Stocks and contracts in progress3€85k€238k▲
Stocks30/36€85k€238k▲
Amounts receivable within one year40/41€126k€53k▼
Trade receivables40€123k€50k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€10k€27k▲
Deferred charges and accrued income490/1€44k€44k=
Equity and liabilities
Total equity and liabilities10/49€418k€493k▲
Equity10/15€139k€143k▲
Contributions10/11€6k€6k=
Reserves13€132k€137k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k-
Other1319-€2k
Distributable reserves133€131k€135k▲
Amounts payable17/49€279k€350k▲
Amounts payable after more than one year17€73k€45k▼
Financial debts170/4€73k€45k▼
Amounts payable within one year42/48€207k€305k▲
Current portion of amounts payable after more than one year42€11k€18k▲
Financial debts43€151k€165k▲
Credit institutions430/8€151k€36k▼
Other loans439-€129k
Trade debts44€4k€77k▲
Suppliers440/4€4k€77k▲
Taxes, remuneration and social security45€4k€12k▲
Taxes450/3€2k€12k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€37k€33k▼
Income statement
Code20242025
Non-recurring operating income76A-€21k
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€1k€4k▲
Non-recurring operating charges66A€971-
Gross operating margin9900€71k€45k▼
Operating profit (loss)9901€48k€20k▼
Financial income75/76B€599€11▼
Recurring financial income75€599€11▼
Financial charges65/66B€18k€9k▼
Recurring financial charges65€18k€9k▼
Profit (loss) for the period before taxes9903€30k€11k▼
Income taxes67/77€15k€7k▼
Profit (loss) for the period9904€15k€5k▼
Profit (loss) for the period to be appropriated9905€15k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€5k▼
Profit (loss) brought forward from the previous period14P€36€0▼
Transfer to equity691/2€15k€5k▼
To other reserves6921€15k€5k▼
The notes to these accounts (11 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Equity above €100kEq €110k ▲10.1%
5 profitable years in a row build equity to €110k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼61.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brasschaat · 1 establishment unit since 2012
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.
Beemdenstraat 82930 BrasschaatGround area
778 m²
Building footprint
216 m²
Volume, LiDAR
1,357 m³
Parcel 11324D0343/00X000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beemdenstraat 8, 2930 Brasschaat
since 20122.212.990.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0343/00X000 | Flanders | 778 m² | 1 · 215 m² | 8.5 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
RIMA
BE 0467.013.230
Edegem · Eq €143,345
4 BH LEASE
BE 0822.886.236
Sint-Niklaas · Eq €142,938
HEEREN PROJECTEN
BE 0893.899.936
Hasselt · Eq €142,511
LIMACO
BE 0892.362.881
Lochristi · Eq €145,569
BRDB
BE 0881.300.527
Watermaal-Bosvoorde · Eq €140,379
Of 1,292 companies in sector 68122 we hold annual accounts for 901. 556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.