V-SHIPPING
ActiveV-SHIPPING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €756k and a net result of €201k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+77
Solvency80▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 3.31 in 2024; short-term debt: 27.3% and cash: 1.9% of total assets), and 45.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
lower
← 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
54.8%
Return on assets
14.5%
Age of the figures
12 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €756k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d early
2023
31 d late
2022
24 d late
2021
24 d late
2020
81 d late
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€756k▲ 36.1%
2024 · €555k
2018: €780k
2019: €1.09M
2020: €820k
2021: €639k
2022: €614k
2023: €626k
2024: €555k
2018 → 2025
Total assets
€1.38M▲ 34.8%
2024 · €1.02M
2018: €3.48M
2019: €2.67M
2020: €1.77M
2021: €1.78M
2022: €1.53M
2023: €1.27M
2024: €1.02M
2018 → 2025
Net result
€201k
2024 · €-71k
2018: €4k
2019: €314k
2020: €177k
2021: €-181k
2022: €-25k
2023: €12k
2024: €-71k
2018 → 2025
Working capital
€622k▲ 54.2%
2024 · €404k
2018: €1.04M
2019: €1.97M
2020: €1.13M
2021: €1.16M
2022: €805k
2023: €591k
2024: €404k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€639k-€614k▼ 3.9%€626k▲ 2.0%€555k▼ 11.3%€756k▲ 36.1%
Operating result€-169k-€-16k▲ 90.6%€13k€-69k€276k
Net result€-181k-€-25k▲ 86.2%€12k€-71k€201k
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: €276k after a loss of €69k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€381k▼ 14.5%
Current assets
€999k▲ 72.8%
Equity and liabilities €1.38M
Equity
€756k▲ 36.1%
Debt
€624k▲ 33.2%
The debt ratio falls from 45.8% to 45.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€344k▲
2024 · €-1k
Cash flow
€269k▲
2024 · €-3k
Solvency
54.8%▲
2024 · 54.2%
Current ratio
2.65▼
2024 · 3.31
Quick ratio
2.65▼
2024 · 3.31
Debt / equity
0.83▼
2024 · 0.84
ROE
26.5%▲
2024 · -12.7%
ROA
14.5%▲
2024 · -6.9%
Interest coverage
43.41▲
2024 · -0.11
Debt
€624k▲
2024 · €469k
Debt ≤ 1 year
€377k▲
2024 · €175k
Debt > 1 year
€248k▼
2024 · €294k
Income taxes
€7k▲
2024 · €164
Staff costs
€89k▲
2024 · €88k
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€1.02M€1.38M▲
Fixed assets21/28€446k€381k▼
Intangible fixed assets21€106k€91k▼
Tangible fixed assets22/27€338k€289k▼
Land and buildings22€278k€238k▼
Plant, machinery and equipment23€17k€19k▲
Furniture and vehicles24€44k€32k▼
Financial fixed assets28€2k€2k=
Current assets29/58€578k€999k▲
Amounts receivable within one year40/41€490k€973k▲
Trade receivables40€314k€666k▲
Other amounts receivable41€176k€307k▲
Cash at bank and in hand54/58€82k€26k▼
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.02M€1.38M▲
Equity10/15€555k€756k▲
Contributions10/11€1.00M€1.00M=
Outside capital11€1.00M€1.00M=
Other1109/19€1.00M€1.00M=
Reserves13€25k€25k=
Non-distributable reserves130/1€6k€25k▲
Reserves not available under the articles1311€6k€6k=
Other1319-€19k
Tax-exempt reserves132€19k€0▼
Profit (loss) carried forward14€-470k€-269k▲
Amounts payable17/49€469k€624k▲
Amounts payable after more than one year17€294k€248k▼
Financial debts170/4€294k€248k▼
Amounts payable within one year42/48€175k€377k▲
Current portion of amounts payable after more than one year42€80k€46k▼
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€26k€279k▲
Suppliers440/4€26k€279k▲
Taxes, remuneration and social security45€24k€17k▼
Taxes450/3€12k€7k▼
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€43k€35k▼
Income statement
Code20242025
Non-recurring operating income76A€14k€10k▼
Remuneration, social security and pensions62€88k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€68k▲
Other operating charges640/8€10k€14k▲
Gross operating margin9900€97k€447k▲
Operating profit (loss)9901€-69k€276k▲
Financial income75/76B€9k€14k▲
Recurring financial income75€9k€14k▲
Financial charges65/66B€10k€82k▲
Recurring financial charges65€10k€8k▼
Non-recurring financial charges66B-€74k
Profit (loss) for the period before taxes9903€-70k€208k▲
Income taxes67/77€164€7k▲
Profit (loss) for the period9904€-71k€201k▲
Transfer from tax-exempt reserves789-€19k
Profit (loss) for the period to be appropriated9905€-71k€219k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-470k€-250k▲
Profit (loss) brought forward from the previous period14P€-399k€-470k▼
Transfer to equity691/2-€19k
To other reserves6921-€19k
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €201k
Net result €201k after one loss-making year.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
30-09
Financial
Weakest financial yearnet €-181k ▼203%
Net result drops to €-181k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €314k ▲6919%
Operating result €373k, net result €314k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 11.57
Current ratio from 4.12 to 11.57; short-term debt falls from €333k to €186k.
30-09
Financial
Equity above €1MEq €1.09M ▲40.2%
2 profitable years in a row build equity to €1.09M.
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
27-04
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
8 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, Antwerpen · 1 establishment unit since 2007
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.
Bredabaan 992170 AntwerpenGround area
1.5 ha
Building footprint
1,883 m²
Volume, LiDAR
6,747 m³
Parcel 11422C0613/00C002, Flanders · tallest building 17.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V-SHIPPING
since 20072.159.069.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0613/00C002 | Flanders | 1.5 ha | 1 · 1,883 m² | 17.0 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
2024 · 1 entry · 428 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 428 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,343 companies in sector 50400 we hold annual accounts for 394. 317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-01-2007
Fiscal year end30-09
Activities, NACEBEL
50400Inland freight water transport
61200Telecommunications resale and intermediation services
33150Repair, maintenance and installation of machinery and equipment
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.