V.L. PROJECTS
ActiveV.L. PROJECTS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €388k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+7
Solvency65▼-7
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.81 in 2024; short-term debt: 60.5% and cash: 11.3% of total assets), but 60.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
39.5%
Return on assets
13.5%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
37 d early
2023
33 d early
2022
33 d early
2021
8 d early
2020
32 d early
2019
31 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€5.29M▲ 53.8%
2022 · €3.44M
2022: €3.44M
2022 → 2023
EBIT margin
1.3%▼ 4.6pp
2022 · 5.8%
2022: 5.8%
2022 → 2023
Net result
€388k▲ 143%
2024 · €160k
2018: €29k
2019: €11k
2020: €50k
2021: €189k
2022: €142k
2023: €46k
2024: €160k
2018 → 2025
Working capital
€1.07M▲ 28.9%
2024 · €827k
2018: €529k
2019: €541k
2020: €561k
2021: €653k
2022: €773k
2023: €820k
2024: €827k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.44M€5.29M▲ 53.8%
Equity€731k-€872k▲ 19.4%€918k▲ 5.2%€912k▼ 0.6%€1.13M▲ 24.3%
Operating result€253k-€201k▼ 20.6%€67k▼ 66.4%€261k▲ 287%€543k▲ 108%
Net result€189k-€142k▼ 24.7%€46k▼ 67.9%€160k▲ 250%€388k▲ 143%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 108% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.87M
Fixed assets
€68k▼ 19.7%
Current assets
€2.80M▲ 51.2%
Equity and liabilities €2.87M
Equity
€1.13M▲ 24.3%
Debt
€1.74M▲ 69.2%
The debt ratio rises from 52.9% to 60.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€568k▲
2024 · €286k
Cash flow
€413k▲
2024 · €185k
Solvency
39.5%▼
2024 · 47.1%
Current ratio
1.61▼
2024 · 1.81
Quick ratio
1.27▼
2024 · 1.53
Debt / equity
1.53▲
2024 · 1.13
ROE
34.2%▲
2024 · 17.5%
ROA
13.5%▲
2024 · 8.2%
Interest coverage
29.02▲
2024 · 15.64
Debt
€1.74M▲
2024 · €1.03M
Debt ≤ 1 year
€1.74M▲
2024 · €1.03M
Income taxes
€146k▲
2024 · €90k
Staff costs
€338k▲
2024 · €237k
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€1.94M€2.87M▲
Fixed assets21/28€85k€68k▼
Tangible fixed assets22/27€85k€68k▼
Land and buildings22€48k€40k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€28k€22k▼
Other tangible fixed assets26€1k€1k=
Financial fixed assets28€40€40=
Current assets29/58€1.85M€2.80M▲
Stocks and contracts in progress3€282k€595k▲
Stocks30/36€54k€45k▼
Contracts in progress37€229k€550k▲
Amounts receivable within one year40/41€1.37M€1.87M▲
Trade receivables40€1.22M€1.74M▲
Other amounts receivable41€142k€132k▼
Cash at bank and in hand54/58€195k€323k▲
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.87M▲
Equity10/15€912k€1.13M▲
Contributions10/11€6k€6k=
Reserves13€906k€1.13M▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€163k€163k=
Distributable reserves133€741k€965k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.03M€1.74M▲
Amounts payable within one year42/48€1.03M€1.74M▲
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€572k€1.13M▲
Suppliers440/4€572k€1.13M▲
Taxes, remuneration and social security45€39k€188k▲
Taxes450/3€28k€174k▲
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€165k€165k=
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€237k€338k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k€0▼
Other operating charges640/8€7k€2k▼
Gross operating margin9900€563k€908k▲
Operating profit (loss)9901€261k€543k▲
Financial income75/76B€7k€10k▲
Recurring financial income75€7k€10k▲
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€250k€534k▲
Income taxes67/77€90k€146k▲
Profit (loss) for the period9904€160k€388k▲
Transfer to tax-exempt reserves689€126k€0▼
Profit (loss) for the period to be appropriated9905€33k€388k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€388k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€165k€165k=
Transfer to equity691/2€33k€388k▲
To other reserves6921€33k€388k▲
Profit to be distributed694/7€165k€165k=
Return on contributions (dividend)694€165k€165k=
Social balance
Average headcount (FTE)90873.54.5▲
The notes to these accounts (13 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €388k ▲143%
Operating result €543k, net result €388k, both a record.
31-12
Financial
Equity above €1MEq €1.13M ▲24.3%
8 profitable years in a row build equity to €1.13M.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €11k ▼63.6%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
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.
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, Herentals · 1 establishment unit since 2008
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.
Laagland(HRT) 102200 HerentalsGround area
5,245 m²
Building footprint
3,465 m²
Volume, LiDAR
14,977 m³
Parcel 13302D0446/00Z000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V.L. Projects
since 20082.168.121.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0446/00Z000 | Flanders | 5,245 m² | 1 · 3,465 m² | 7.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,021 EUR awarded · 2,021 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 694 EUR | 694 EUR |
| 2024 | 1 | 757 EUR | 757 EUR |
| 2023 | 1 | 570 EUR | 570 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryV.L. PROJECTS BV38154
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VAN DAMME TEAM
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FREE INVEST
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Craeye
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 4,092 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
46839Wholesale trade
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.