V&V
ActiveSummary
V&V has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,026 and a net result of -€13,896. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 85% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-80
Solvency100▲+10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.74 against 2.43 in 2024; short-term debt: 19.7% and cash: 41.4% of total assets), and 19.7% of the assets are financed with debt.
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
13 d early
2022
17 d early
2021
30 d late
2020
26 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€94,026▼ 12.9%
2024 · €107,922
Total assets
€117,088▼ 29.4%
2024 · €165,907
Net result
-€13,896
2024 · €43,526
Working capital
€63,101▼ 11.4%
2024 · €71,257
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€363-€13,454▼ 3,611%€25,452€21,398▼ 15.9%-€12,218
Net result-€1,057-€14,487▼ 1,270%€24,204€43,526▲ 79.8%-€13,896
Equity€54,679▼ 1.9%€40,193▼ 26.5%€64,397▲ 60.2%€107,922▲ 67.6%€94,026▼ 12.9%
Total assets€94,813▼ 40.2%€85,725▼ 9.6%€96,976▲ 13.1%€165,907▲ 71.1%€117,088▼ 29.4%
Debt€40,134▼ 61.0%€45,533▲ 13.5%€32,580▼ 28.4%€57,984▲ 78.0%€23,062▼ 60.2%
Working capital€46,909▼ 12.1%€33,395▼ 28.8%€57,468▲ 72.1%€71,257▲ 24.0%€63,101▼ 11.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,218 after €21,398 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117,088
Fixed assets
€30,925 ▼ 30.8%
Current assets
€86,163 ▼ 28.9%
Equity and liabilities €117,088
Equity
€94,026 ▼ 12.9%
Debt
€23,062 ▼ 60.2%
Debt's share of the balance-sheet total falls from 34.9% to 19.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,075▼
2024 · €36,081
Cash flow
€1,396▼
2024 · €58,209
Current ratio
3.74▲
2024 · 2.43
Debt to equity
0.25▼
2024 · 0.54
ROE
-14.8%▼
2024 · 40.3%
ROA
-11.9%▼
2024 · 26.2%
Interest coverage
1.95▼
2024 · 15.72
Debt ≤ 1 year
€23,062▼
2024 · €49,931
Income taxes
€411▼
2024 · €12,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,556 | €8,548 | €7,369 | €14,683 | €15,292 | ▲ 4.1% |
| Other operating charges640/8 | €1,894 | €3,046 | €2,994 | €3,242 | €4,691 | ▲ 44.7% |
| Non-recurring operating charges66A | - | - | - | - | €1,488 | - |
| Gross operating margin9900 | €10,087 | -€1,859 | €35,814 | €39,323 | €9,253 | ▼ 76.5% |
| Operating profit (loss)9901 | -€363 | -€13,454 | €25,452 | €21,398 | -€12,218 | ▼ 157% |
| Financial income75/76B | €1,003 | €853 | €782 | €37,395 | €311 | ▼ 99.2% |
| Recurring financial income75 | €1,003 | €853 | €782 | €48 | €311 | ▲ 541% |
| Non-recurring financial income76B | - | - | - | €37,347 | - | - |
| Financial charges65/66B | €1,393 | €1,341 | €1,104 | €2,295 | €1,578 | ▼ 31.2% |
| Recurring financial charges65 | €1,393 | €1,341 | €1,104 | €2,295 | €1,578 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | -€752 | -€13,942 | €25,130 | €56,498 | -€13,485 | ▼ 124% |
| Income taxes67/77 | €305 | €545 | €925 | €12,973 | €411 | ▼ 96.8% |
| Profit (loss) for the period9904 | -€1,057 | -€14,487 | €24,204 | €43,526 | -€13,896 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | -€1,057 | -€14,487 | €24,204 | €43,526 | -€13,896 | ▼ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,813 | €85,725 | €96,976 | €165,907 | €117,088 | ▼ 29.4% |
| Fixed assets21/28 | €30,686 | €20,638 | €13,269 | €44,718 | €30,925 | ▼ 30.8% |
| Tangible fixed assets22/27 | €29,186 | €20,638 | €13,269 | €44,718 | €30,925 | ▼ 30.8% |
| Plant, machinery and equipment23 | €1,179 | - | - | - | €0 | - |
| Furniture and vehicles24 | €28,007 | €20,638 | €13,269 | €44,718 | €30,925 | ▼ 30.8% |
| Financial fixed assets28 | €1,500 | - | - | - | - | - |
| Current assets29/58 | €64,127 | €65,088 | €83,708 | €121,188 | €86,163 | ▼ 28.9% |
| Amounts receivable within one year40/41 | €19,730 | €27,429 | €22,079 | €47,170 | €37,743 | ▼ 20.0% |
| Trade receivables40 | €5,995 | €5,549 | €1,674 | €25,044 | €21,315 | ▼ 14.9% |
| Other amounts receivable41 | €13,735 | €21,880 | €20,406 | €22,126 | €16,428 | ▼ 25.8% |
| Cash at bank and in hand54/58 | €43,310 | €36,541 | €60,531 | €72,884 | €48,421 | ▼ 33.6% |
| Deferred charges and accrued income490/1 | €1,087 | €1,118 | €1,097 | €1,135 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,813 | €85,725 | €96,976 | €165,907 | €117,088 | ▼ 29.4% |
| Equity10/15 | €54,679 | €40,193 | €64,397 | €107,922 | €94,026 | ▼ 12.9% |
| Contributions10/11 | €27,000 | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Reserves13 | €13,268 | €13,268 | €13,268 | €37,397 | €37,397 | = |
| Distributable reserves133 | €13,268 | €13,268 | €13,268 | €37,397 | €37,397 | = |
| Profit (loss) carried forward14 | €14,411 | -€76 | €24,128 | €43,526 | €29,629 | ▼ 31.9% |
| Amounts payable17/49 | €40,134 | €45,533 | €32,580 | €57,984 | €23,062 | ▼ 60.2% |
| Amounts payable after more than one year17 | €22,916 | €13,841 | €6,340 | €8,053 | - | - |
| Financial debts170/4 | €22,916 | €13,841 | €6,340 | €8,053 | - | - |
| Amounts payable within one year42/48 | €17,218 | €31,692 | €26,240 | €49,931 | €23,062 | ▼ 53.8% |
| Current portion of amounts payable after more than one year42 | €13,942 | €9,075 | €7,501 | €16,688 | €8,053 | ▼ 51.7% |
| Trade debts44 | €1,184 | €21,767 | €15,619 | €19,360 | €1,733 | ▼ 91.0% |
| Suppliers440/4 | €1,184 | €21,767 | €15,619 | €19,360 | €1,733 | ▼ 91.0% |
| Taxes, remuneration and social security45 | €2,093 | €850 | €3,120 | €13,884 | €13,277 | ▼ 4.4% |
| Taxes450/3 | €2,093 | €850 | €3,120 | €13,884 | €13,277 | ▼ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,057 | -€14,487 | €24,204 | €43,526 | -€13,896 | ▼ 132% |
| + Depreciation and write-downs630 | €8,556 | €8,548 | €7,369 | €14,683 | €15,292 | ▲ 4.1% |
| Operating cash flow (approximation) | €7,498 | -€5,938 | €31,573 | €58,209 | €1,396 | ▼ 97.6% |
| Investment in fixed assets (approximation) | - | €1,500 | €0 | -€46,132 | -€1,499 | ▲ 96.8% |
| Change in cash | - | -€6,769 | €23,990 | €12,353 | -€24,463 | ▼ 298% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €43,526 ▲79.8%
Net result €43,526, the highest in the series.
31-12
Financial
Equity above €100,000Eq €107,922 ▲67.6%
2 profitable years in a row build equity to €107,922.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24,204
Net result €24,204 after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€14,487
Net result drops to -€14,487, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.72
Current ratio from 1.81 to 3.72; short-term debt falls from €66,078 to €17,218.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €13,268
Net result €13,268 after one loss-making year.
Show earlier events
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Linter · 1 establishment unit since 2009
Ground area
2,687 m²
Building footprint
661 m²
Volume, LiDAR
3,929 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V&V
since 20092.189.025.427
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24082B0328/00_000 | Flanders | 1,393 m² | 1 · 158 m² | 6.0 m · 1 fl. |
| 24084B0445/00P000 | Flanders | 1,294 m² | 1 · 503 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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LECOMTE FRERES
BE 0699.948.634
Clavier · Eq €94,086
M.H. TOITURES
BE 0874.407.785
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TOITURE CASTRO
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,367. 3,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
47529Retail trade
77310Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822767064
Also
9925:BE0822767064
Registered
01-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.