V²-PROJECTS
ActiveSummary
V²-PROJECTS has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,975 and a net result of €18,968. Equity has been growing by about 35% per year since 2019. Its solvency ranks better than 46% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-07-2018 Normal situation
- Activity
- Development of residential building projects NACE 68121and 2 others
- Establishment unit
- 2.277.885.246 9190 Stekene, since 06-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €36,533
- ▲ 17.2%
- Turnover
- ≈ €90,000
- estimated
- Profit
- €18,968
- ▲ 0.8%
- Equity
- €18,975
- ▲ 22×
- Total assets
- €78,323
- ▼ 1.0%
Score breakdownraises riskSize: total assets €78,323lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.15, cash €18,187Figures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 44% of them on solvency, 37% on liquidity, 90% on profitability and 99% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is 26% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €50,369 | €1,062 | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | - | €462 | €8,881 | €9,009 | €9,009 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €462 | €8,881 | €9,009 | €9,009 | = |
| Other operating charges640/8 | - | - | €1,083 | €1,084 | €1,394 | €1,467 | €1,538 | ▲ 4.8% |
| Gross operating margin9900 | €4,082 | -€25,550 | €8,453 | €6,161 | €3,740 | €31,170 | €36,533 | ▲ 17.2% |
| Operating profit (loss)9901 | €2,567 | -€26,219 | €7,370 | €4,615 | -€6,534 | €20,694 | €25,986 | ▲ 25.6% |
| Financial income75/76B | - | - | €0 | - | - | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €6 | €2 | €0 | - | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €253 | €182 | €1,753 | €1,569 | €1,395 | ▼ 11.1% |
| Recurring financial charges65 | €166 | €136 | €253 | €182 | €1,753 | €1,569 | €1,395 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €2,407 | -€26,353 | €7,117 | €4,432 | -€8,287 | €19,126 | €24,591 | ▲ 28.6% |
| Income taxes67/77 | €2,216 | €306 | €308 | €334 | €311 | €301 | €5,623 | ▲ 19× |
| Profit (loss) for the period9904 | €191 | -€26,660 | €6,809 | €4,098 | -€8,598 | €18,825 | €18,968 | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €191 | -€26,660 | €6,809 | €4,098 | -€8,598 | €18,825 | €18,968 | ▲ 0.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €27,753 | €12,119 | €29,129 | €80,108 | €55,103 | €79,127 | €78,323 | ▼ 1.0% |
| Fixed assets21/28 | €10 | €10 | €10 | €49,917 | €35,449 | €26,439 | €17,430 | ▼ 34.1% |
| Tangible fixed assets22/27 | - | - | - | €49,907 | €35,439 | €26,429 | €17,420 | ▼ 34.1% |
| Furniture and vehicles24 | - | - | - | €5,586 | €5,303 | €3,830 | €2,356 | ▼ 38.5% |
| Leasing and similar rights25 | - | - | - | €44,321 | €30,135 | €22,599 | €15,063 | ▼ 33.3% |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €27,743 | €12,109 | €29,119 | €30,191 | €19,655 | €52,688 | €60,894 | ▲ 15.6% |
| Amounts receivable within one year40/41 | €21,856 | €8,538 | €19,500 | €17,988 | €7,299 | €39,929 | €38,769 | ▼ 2.9% |
| Trade receivables40 | - | - | €19,500 | €17,988 | €7,260 | €39,880 | €38,720 | ▼ 2.9% |
| Other amounts receivable41 | - | - | €0 | - | €39 | €49 | €49 | = |
| Cash at bank and in hand54/58 | €4,311 | €1,764 | €7,649 | €10,096 | €10,496 | €8,336 | €18,187 | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | €1,970 | €2,108 | €1,859 | €4,423 | €3,938 | ▼ 11.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €27,753 | €12,119 | €29,129 | €80,108 | €55,103 | €79,127 | €78,323 | ▼ 1.0% |
| Equity10/15 | €6,391 | -€20,269 | -€13,460 | -€9,361 | -€17,959 | €866 | €18,975 | ▲ 22× |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €191 | €191 | €191 | €191 | €191 | €191 | €12,775 | ▲ 67× |
| Non-distributable reserves130/1 | - | - | €191 | €191 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €191 | €191 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €191 | €191 | €12,775 | ▲ 67× |
| Profit (loss) carried forward14 | - | -€26,660 | -€19,851 | -€15,752 | -€24,350 | -€5,525 | €0 | - |
| Amounts payable17/49 | €21,362 | €32,387 | €42,588 | €89,469 | €73,062 | €78,261 | €59,349 | ▼ 24.2% |
| Amounts payable after more than one year17 | - | - | - | €30,740 | €18,514 | €12,650 | €6,484 | ▼ 48.7% |
| Financial debts170/4 | - | - | - | €30,740 | €18,514 | €12,650 | €6,484 | ▼ 48.7% |
| Amounts payable within one year42/48 | €21,362 | €32,387 | €42,588 | €58,729 | €54,548 | €65,611 | €52,865 | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,589 | €5,577 | €5,864 | €6,166 | ▲ 5.2% |
| Trade debts44 | €1,306 | €1,517 | €256 | €2,095 | €774 | €3,325 | €1,168 | ▼ 64.9% |
| Suppliers440/4 | - | - | €256 | €2,095 | €774 | €3,325 | €1,168 | ▼ 64.9% |
| Taxes, remuneration and social security45 | - | - | €9,310 | €4,566 | €6,779 | €7,483 | €7,296 | ▼ 2.5% |
| Taxes450/3 | - | - | €7,310 | €4,566 | €5,054 | €5,758 | €5,571 | ▼ 3.2% |
| Remuneration and social security454/9 | - | - | €2,000 | €0 | €1,725 | €1,725 | €1,725 | = |
| Other amounts payable47/48 | - | - | €33,023 | €38,479 | €41,419 | €48,939 | €38,235 | ▼ 21.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €191 | -€26,660 | €6,809 | €4,098 | -€8,598 | €18,825 | €18,968 | ▲ 0.8% |
| + Depreciation and write-downs630 | - | - | - | €462 | €8,881 | €9,009 | €9,009 | = |
| Operating cash flow (approximation) | €191 | -€26,660 | €6,809 | €4,561 | €283 | €27,834 | €27,977 | ▲ 0.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€50,369 | €5,587 | €0 | €0 | - |
| Change in cash | - | -€2,546 | €5,885 | €2,447 | €400 | -€2,160 | €9,851 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as V²-PROJECTS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of V²-PROJECTS itself is lower: 0.2% within 12 months. It rests on far more data about V²-PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for V²-PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00186456 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00190545 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00192081 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00309136 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20157323 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33800578 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34400027 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 100”
Articles of association, deed of 15-05-2023 (in Dutch)
Network & group
V²-PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of V²-PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-05
Gazette deed
Appointment: VAN VLIERBERGHE Jordy Maria Jan (director)Reappointment: VAN VLIERBERGHE Jordy Maria Jan (director) · Amendment of the articles · Capital conversion10 points ▸
- Amendment of the articles, mentioned 4 times in the deed
- Capital conversion, “vanrechtswege, artikel39,§2,tweedelidwet2019-03-23totinvoeringWVV” (deed in Dutch)
- Reserve release, “vormenenmeerderhedenvanstatutenwijziging, opheffen” (deed in Dutch)
- Director appointment, VAN VLIERBERGHE Jordy Maria Jan (director (not named in the articles))
- Other provision, -, “Commissarissen” (deed in Dutch)
- Power of attorney, Rafaël Van der Veken
- Other provision, “nieuwe terminologie sedert 2020-01-01, zaakvoerder vervangen door bestuurder” (deed in Dutch)
- Director reappointment, VAN VLIERBERGHE Jordy Maria Jan (director (not named in the articles))
- Registered office clause, “9190 Kemzeke-Stekene,Breedstraat 18” (deed in Dutch)
- Other provision, “website en e-mailadres, communicatie via toekomstig adres door aandeelhouders,effecthouders en certificaathouders geldt als geldig” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
17 activities
- Algemene bouwcoördinatie – projectmanagement
- Haalbaarheidsstudies vastgoedinvesteringen en verlenen van adviezen desbetreffend
- Vastgoedinvesteringen en verhuur
- Gebouwenbeheer
- Aankoop, verkoop, promotie van en makelen in onroerende goederen
- Bouwkundige expertises (gerechtelijk en buitengerechtelijk)
- Projectontwikkeling, projectbouw en algemene aannemingen
- Het uitvoeren van bouwwerken bestaande uit: alle ruwbouwwerken, het waterdicht maken van bouwwerken, dakwerken, metsel- en betonwerken, slopingswerken, grond- en nivelleringswerken, voegwerken en gevelreiniging, vloeren en tegelzetting (in diverse materialen) het plaatsen van schrijnwerk in hout, metaal of kunststof, het uitvoeren van schilderwerken en behangwerken, elektriciteitswerken en sanitaire werken, plaatsen van centrale verwarming, en verwarming in het algemeen, het optreden als coördinator in de bouw in het algemeen (in de zin van opvolging van werken). Evenals het laten uitvoeren van bovenstaande werken door derden
- Het inrichten en houden van voordrachten, bijeenkomsten, cursussen, seminaries, met betrekking tot vastgoed en aanverwante materies
- De organisatie, promotie en uitvoering van diverse evenementen, happenings en soortgelijke activiteiten in de meest ruime zin
- Het verlenen van advies en praktische hulp aan bedrijven aangaande public relations, marketing, administratie en communicatie
- Het berekenen van kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie, budgettering, efficiëntie
- Overige activiteiten verband houdende met bedrijfsadministratie Goederenbehandeling, zowel interne, externe, continue, discontinue, automatische als manuele processen al dan niet met logistieke ondersteuning
- Coördinatie en projectmanagement van geautomatiseerde logistieke processen en projecten inclusief verkoop of verhuur van bijhorende apparatuur, installaties, hard- en software, roerende of onroerende activa
- Het voeren van activiteiten als preventieadviseur, veiligheids- en milieucoördinator, inzonderheid, doch niet beperkend, het opstellen van EPB (Energieprestatie en Binnenklimaat) en EPC (Energieprestatiecertificaat) verslaggeving
- Bestuurdersmandaten in andere vennootschappen
- Beheer van ondernemingen voor derden
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0699.682.972
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46011B0542/00H000 | Flanders | 1,667 m² | 1 · 154 m² | 9.0 m · 2 |