V.S. PROJECTS
ActiveThe computed 12-month bankruptcy probability of V.S. PROJECTS is 1.6% (moderate). The 2025 annual accounts show equity of €57k and a net result of €12k. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 13009 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency23▲+9
Growth58=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.7 in 2024), and 82.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
17.9%
Return on assets
3.7%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €57k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
on the day
2023
30 d late
2022
67 d late
2021
75 d late
2020
90 d late
2019
27 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 25.7%
2024 · €45k
2018: €130k
2019: €135k
2020: €138k
2021: €99k
2022: €84k
2023: €35k
2024: €45k
2018 → 2025
Total assets
€317k▼ 3.1%
2024 · €328k
2018: €214k
2019: €155k
2020: €268k
2021: €421k
2022: €444k
2023: €362k
2024: €328k
2018 → 2025
Net result
€12k▲ 11.5%
2024 · €10k
2018: €-5k
2019: €-1k
2020: €6k
2021: €-39k
2022: €-14k
2023: €-49k
2024: €10k
2018 → 2025
Working capital
€-300▲ 98.7%
2024 · €-24k
2018: €10k
2019: €128k
2020: €144k
2021: €62k
2022: €36k
2023: €-26k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€84k▼ 14.6%€35k▼ 58.7%€45k▲ 29.9%€57k▲ 25.7%
Operating result€-33k-€-9k▲ 73.8%€-49k▼ 466%€18k€15k▼ 15.0%
Net result€-39k-€-14k▲ 63.4%€-49k▼ 244%€10k€12k▲ 11.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€252k▼ 7.7%
Current assets
€65k▲ 19.6%
Equity and liabilities €317k
Equity
€57k▲ 25.7%
Debt
€261k▼ 7.7%
The debt ratio falls from 86.2% to 82.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€24k▼
2024 · €26k
Cash flow
€21k▲
2024 · €19k
Solvency
17.9%▲
2024 · 13.8%
Current ratio
1.00▲
2024 · 0.70
Quick ratio
0.96▲
2024 · 0.70
Debt / equity
4.59▼
2024 · 6.26
ROE
20.4%▼
2024 · 23.0%
ROA
3.7%▲
2024 · 3.2%
Interest coverage
6.71▲
2024 · 6.27
Debt
€261k▼
2024 · €283k
Debt ≤ 1 year
€66k▼
2024 · €78k
Debt > 1 year
€195k▼
2024 · €204k
Income taxes
€6▼
2024 · €3k
Staff costs
€9k
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€328k€317k▼
Fixed assets21/28€273k€252k▼
Intangible fixed assets21€57k€38k▼
Tangible fixed assets22/27€216k€212k▼
Land and buildings22€214k€206k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€1k€622▼
Financial fixed assets28-€2k
Current assets29/58€55k€65k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€7k€13k▲
Trade receivables40-€1k
Other amounts receivable41€7k€11k▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€36k€37k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€328k€317k▼
Equity10/15€45k€57k▲
Contributions10/11€16k€16k=
Reserves13€30k€41k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€39k▲
Amounts payable17/49€283k€261k▼
Amounts payable after more than one year17€204k€195k▼
Financial debts170/4€204k€195k▼
Amounts payable within one year42/48€78k€66k▼
Current portion of amounts payable after more than one year42€58k€52k▼
Financial debts43€679€3k▲
Credit institutions430/8€679€3k▲
Trade debts44€19k€10k▼
Suppliers440/4€19k€10k▼
Taxes, remuneration and social security45€511€1k▲
Taxes450/3€511€511=
Remuneration and social security454/9-€624
Income statement
Code20242025
Remuneration, social security and pensions62-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€28k€34k▲
Operating profit (loss)9901€18k€15k▼
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€14k€12k▼
Income taxes67/77€3k€6▼
Profit (loss) for the period9904€10k€12k▲
Profit (loss) for the period to be appropriated9905€10k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€12k▲
Transfer to equity691/2€10k€12k▲
To other reserves6921€10k€12k▲
The notes to these accounts (14 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €12k ▲11.5%
Net result €12k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Liquidity times 8current ratio 9.52
Current ratio from 1.27 to 9.52; short-term debt falls from €37k to €15k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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
6 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, Bocholt · 2 establishment units since 2020
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.
Bormanstraat 263950 BocholtGround area
935 m²
Building footprint
235 m²
Volume, LiDAR
1,235 m³
2 parcels, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
V.S. Projects
since 20202.295.716.024
VS Projects
since 20252.378.788.507
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72031A0304/00M002 | Flanders | 492 m² | 1 · 89 m² | 2.6 m |
| 71562B0565/00B003 | Flanders | 443 m² | 1 · 146 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudsbergen2.378.788.507
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 8,230 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2005
Fiscal year end31-12
Activities, NACEBEL
45211
56112Limited-service restaurants, excluding mobile food services
41001General construction of residential buildings
41003General construction of other non-residential buildings
45213
47621Retail sale of newspapers and periodicals
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
56210Event catering
56220Contract catering and other food service activities
56309Food and beverage service activities
82990Other business support services
86906Human health activities
86940Nursing and midwifery
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:smitsgisele@gmail.com