Financials
- Financial year
- 2025
- Total assets
- €645,397
- Loss
- -€71,760
- Solvency
- 10.3%
Total assets▲ 18.6%
Net result
20182025
V-FORMATION
ActiveThe file of V-FORMATION contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The annual accounts of V-FORMATION for financial year 2025 show a net loss of 52% of the equity at the start of that year. The computed 12-month bankruptcy probability is 7.4% (elevated). The 2025 annual accounts show equity of €66,517 and a net result of -€71,760. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 1,124 sector peers (NACE 77, financial year 2025).
Overview
Activity
Renting and leasing of sports and recreation goods
NACE 77210
1 site
Size
€645,397total assets 2025
- Staff
- 4.7 FTE
- Equity
- €66,517
- Loss
- -€71,760
Turnover not published (abbreviated format)
Structure
Accounts filed 27 days late2 of 16 deeds read
Why 33raises riskJudicial reorganisation on record (3 publications, latest 13-10-2021)Loss of €71,760 (financial year 2025)Equity €66,517 (10.3% of total assets)1 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 21% of its sector peers (NACE 77, micro)
Financial strength · tick = 2024
Weak
Solvency
35-15
equity 10.3% of total assets
Liquidity
35-3
short-term debt 52.5% · cash 9.5%
Profitability
5-87
return on assets -11.1%
Bankruptcy probability, 12 months
7.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%
12-2024: 2.3%● unchanged vs 11-2024
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.4%▲ +0.1 percentage points vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.5%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%▼ -0.1 percentage points vs 04-2025
06-2025: 2.2%▼ -0.2 percentage points vs 05-2025
07-2025: 1.0%▼ -1.2 percentage points vs 06-2025lowest value
08-2025: 1.0%● unchanged vs 07-2025lowest value
09-2025: 1.0%● unchanged vs 08-2025lowest value
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 3.7%▲ +2.6 percentage points vs 06-2026
08-2026: 6.0%▲ +2.3 percentage points vs 07-2026
09-2026: 7.4%▲ +1.4 percentage points vs 08-2026highest value
10-2026: 7.4%● unchanged vs 09-2026highest value
Credit of up to €2,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.48, compared with 0.5 in 2024, below 1; short-term debt: 52.5% and cash: 9.5% of total assets), and 89.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro): better than 28% on solvency, 33% on liquidity, 13% on profitability and 11% on growth.
The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1124 sector peers (2025).
NBB · sector comparisonPosition among 1124 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
34 days early
2023
54 days early
2022
4 days early
2021
94 days early
2021
75 days early
2019
66 days late
← 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 24 days before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move
- Resignation: BV Eagle Eye (director)Appointment: BV Professional Fun Providers…
Key points
By topic
Timeline
- Events
- 27
- Since
- 2009
- Next accounts
- by 31-07-2027
- 27-06-2025Annual accounts filed
- 31-12-2024Equity above €100,000
- 07-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and leasing of sports and recreation goodsNACE 77210
- Founded
- 23-08-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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