V & V
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB
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 | 2025 |
|---|---|
| Tangible fixed assets | €712,076 |
| Depreciation and write-downs of the year | €19,354 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,354 |
| Other operating charges640/8 | €3,939 |
| Gross operating margin9900 | €37,127 |
| Operating profit (loss)9901 | €13,835 |
| Financial charges65/66B | €99,456 |
| Recurring financial charges65 | €17,625 |
| Non-recurring financial charges66B | €81,831 |
| Profit (loss) for the period before taxes9903 | -€85,621 |
| Profit (loss) for the period9904 | -€85,621 |
| Profit (loss) for the period to be appropriated9905 | -€85,621 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €709,680 | |
| Fixed assets21/28 | €692,722 | |
| Tangible fixed assets22/27 | €692,722 | |
| Land and buildings22 | €692,722 | |
| Current assets29/58 | €16,958 | |
| Amounts receivable within one year40/41 | €7,771 | |
| Other amounts receivable41 | €7,771 | |
| Cash at bank and in hand54/58 | €9,187 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €709,680 | |
| Equity10/15 | €320,379 | |
| Contributions10/11 | €406,000 | |
| Profit (loss) carried forward14 | -€85,621 | |
| Amounts payable17/49 | €389,301 | |
| Amounts payable after more than one year17 | €367,347 | |
| Financial debts170/4 | €365,447 | |
| Other amounts payable178/9 | €1,900 | |
| Amounts payable within one year42/48 | €21,954 | |
| Current portion of amounts payable after more than one year42 | €21,804 | |
| Other amounts payable47/48 | €150 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€85,621 |
| + Depreciation and write-downs630 | €19,354 |
| Operating cash flow (approximation) | -€66,268 |
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, 132 companies had the same profile as V & V has now. Two years later, 93.9% were still going and 3.0% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
The bankruptcy probability of V & V itself is lower: 0.3% within 12 months. It rests on far more data about V & V 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 132 companies, not a prediction for V & V. 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 (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00257164 |