V & L is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €405k and a net result of €63k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 5498 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5498 sector peers (2025).
NBB · sector comparisonPosition among 5498 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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
28 d late
2024
on the day
2023
27 d late
2022
3 d late
2021
31 d early
2020
12 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€405k▼ 7.3%
2024 · €437k
2019: €130k
2020: €255k
2021: €299k
2022: €493k
2023: €525k
2024: €437k
2019 → 2025
Net result
€63k
2024 · €-88k
2019: €99k
2020: €125k
2021: €43k
2022: €337k
2023: €32k
2024: €-88k
2019 → 2025
Total assets
€2.19M▼ 13.1%
2024 · €2.52M
2019: €390k
2020: €428k
2021: €455k
2022: €1.03M
2023: €1.24M
2024: €2.52M
2019 → 2025
Solvency
18.5%▲ 1.2pp
2024 · 17.3%
2019: 33.4%
2020: 59.6%
2021: 65.7%
2022: 47.9%
2023: 42.4%
2024: 17.3%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€299k-€493k▲ 65.2%€525k▲ 6.5%€437k▼ 16.8%€405k▼ 7.3%
Operating result€60k-€371k▲ 518%€49k▼ 86.8%€-87k€73k
Net result€43k-€337k▲ 682%€32k▼ 90.5%€-88k€63k
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 returns to profit in 2025: €73k after a loss of €87k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€203k▲ 42.1%
Current assets
€1.99M▼ 16.4%
Equity and liabilities €2.19M
Equity
€405k▼ 7.3%
Debt
€1.79M▼ 14.3%
The debt ratio falls from 82.7% to 81.5%. Equity and debt are lower.
Key figures and ratios
Solvency
18.5%▲
2024 · 17.3%
ROE
15.6%▲
2024 · -20.2%
ROA
2.9%▲
2024 · -3.5%
Debt
€1.79M▼
2024 · €2.09M
Debt ≤ 1 year
€1.51M▼
2024 · €2.07M
Debt > 1 year
€275k▲
2024 · €11k
Income taxes
€430▼
2024 · €757
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€2.52M€2.19M▼
Fixed assets21/28€143k€203k▲
Tangible fixed assets22/27€9k€69k▲
Plant, machinery and equipment23€653€454▼
Furniture and vehicles24€8k€68k▲
Other tangible fixed assets26€333€167▼
Financial fixed assets28€135k€135k=
Current assets29/58€2.38M€1.99M▼
Stocks and contracts in progress3€1.25M€1.49M▲
Stocks30/36€1.25M€1.49M▲
Amounts receivable within one year40/41€496k€444k▼
Trade receivables40€79k€13k▼
Other amounts receivable41€418k€431k▲
Cash at bank and in hand54/58€630k€26k▼
Deferred charges and accrued income490/1€792€27k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.19M▼
Equity10/15€437k€405k▼
Contributions10/11€6k€6k=
Reserves13€490k€395k▼
Distributable reserves133€490k€395k▼
Profit (loss) carried forward14€-59k€4k▲
Amounts payable17/49€2.09M€1.79M▼
Amounts payable after more than one year17€11k€275k▲
Financial debts170/4€11k€275k▲
Amounts payable within one year42/48€2.07M€1.51M▼
Current portion of amounts payable after more than one year42€21k€11k▼
Financial debts43€2.02M€1.32M▼
Credit institutions430/8€2.02M€1.32M▼
Trade debts44€12k€143k▲
Suppliers440/4€12k€143k▲
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€17k€8k▼
Taxes450/3€17k€8k▼
Other amounts payable47/48-€32k
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Non-recurring operating income76A€160€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€4k€18k▲
Gross operating margin9900€-80k€95k▲
Operating profit (loss)9901€-87k€73k▲
Financial income75/76B€26k€27k▲
Recurring financial income75€26k€27k▲
Financial charges65/66B€27k€37k▲
Recurring financial charges65€27k€37k▲
Profit (loss) for the period before taxes9903€-88k€63k▲
Income taxes67/77€757€430▼
Profit (loss) for the period9904€-88k€63k▲
Profit (loss) for the period to be appropriated9905€-88k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€4k▲
Profit (loss) brought forward from the previous period14P€27k€-59k▼
Transfer from equity791/2€2k€95k▲
Profit to be distributed694/7-€95k
Return on contributions (dividend)694-€95k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
31-03
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-88k ▼375%
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
31-03
Financial
Equity above €500kEq €525k ▲6.5%
5 profitable years in a row build equity to €525k.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €337k ▲682%
Operating result €371k, net result €337k, both a record.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
31-03
Financial
Liquidity triplescurrent ratio 2.93
Current ratio from 1.06 to 2.93; short-term debt falls from €111k to €53k.
31-03
Financial
Equity above €200kEq €255k ▲95.9%
2 profitable years in a row build equity to €255k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2001
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.
Keizershoek 189180 LokerenGround area
872 m²
Building footprint
186 m²
Volume, LiDAR
972 m³
Parcel 44045H0282/00V000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V&L
since 20012.101.247.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045H0282/00V000 | Flanders | 872 m² | 1 · 186 m² | 8.8 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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,747. 13,728 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2000
Fiscal year end31-03
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.