V & V ENGINEERING
ActiveSummary
V & V ENGINEERING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €3k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-19
Solvency57▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.18 in 2024; short-term debt: 47.4% and cash: 5.9% of total assets), and 68.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 25
Relative position
BE, all sectors
reference
Sector 25
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
31.8%
Return on assets
0.9%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
20 d early
2023
56 d early
2022
35 d early
2021
18 d early
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▲ 2.8%
2024 · €114k
2018: €27k
2019: €29k
2020: €32k
2021: €35k
2022: €40k
2023: €72k
2024: €114k
2018 → 2025
Total assets
€370k▲ 5.8%
2024 · €350k
2018: €437k
2019: €359k
2020: €345k
2021: €341k
2022: €395k
2023: €387k
2024: €350k
2018 → 2025
Net result
€3k▼ 94.3%
2024 · €57k
2018: €6k
2019: €33k
2020: €11k
2021: €21k
2022: €36k
2023: €32k
2024: €57k
2018 → 2025
Working capital
€17k▼ 33.5%
2024 · €26k
2018: €9k
2019: €-4k
2020: €-9k
2021: €-18k
2022: €-14k
2023: €15k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€40k▲ 16.3%€72k▲ 79.2%€114k▲ 58.3%€118k▲ 2.8%
Operating result€28k-€39k▲ 41.4%€48k▲ 22.4%€76k▲ 58.1%€10k▼ 87.2%
Net result€21k-€36k▲ 71.2%€32k▼ 10.4%€57k▲ 78.7%€3k▼ 94.3%
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 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€178k ▼ 0.3%
Current assets
€193k ▲ 12.2%
Equity and liabilities €370k
Equity
€118k ▲ 2.8%
Debt
€253k ▲ 7.2%
Debt's share of the balance-sheet total rises from 67.3% to 68.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €106k
Cash flow
€29k▼
2024 · €87k
Current ratio
1.10▼
2024 · 1.18
Quick ratio
0.78▼
2024 · 0.90
Debt to equity
2.15▲
2024 · 2.06
ROE
2.8%▼
2024 · 49.9%
ROA
0.9%▼
2024 · 16.3%
Interest coverage
6.09▼
2024 · 20.78
Debt ≤ 1 year
€176k▲
2024 · €146k
Debt > 1 year
€76k▼
2024 · €89k
Income taxes
€722▼
2024 · €14k
Staff costs
€51k▼
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€350k€370k▲
Fixed assets21/28€178k€178k▼
Intangible fixed assets21€9k€12k▲
Tangible fixed assets22/27€169k€165k▼
Land and buildings22€130k€121k▼
Plant, machinery and equipment23€31k€37k▲
Furniture and vehicles24€5k€5k▲
Other tangible fixed assets26€3k€2k▼
Current assets29/58€172k€193k▲
Stocks and contracts in progress3€41k€55k▲
Stocks30/36€41k€55k▲
Amounts receivable within one year40/41€44k€84k▲
Trade receivables40€30k€65k▲
Other amounts receivable41€14k€20k▲
Cash at bank and in hand54/58€63k€22k▼
Deferred charges and accrued income490/1€23k€31k▲
Equity and liabilities
Total equity and liabilities10/49€350k€370k▲
Equity10/15€114k€118k▲
Contributions10/11€21k€21k=
Reserves13€93k€97k▲
Distributable reserves133€93k€97k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€236k€253k▲
Amounts payable after more than one year17€89k€76k▼
Financial debts170/4€49k€36k▼
Other amounts payable178/9€40k€40k=
Amounts payable within one year42/48€146k€176k▲
Current portion of amounts payable after more than one year42€19k€23k▲
Financial debts43-€33k
Credit institutions430/8-€33k
Trade debts44€28k€51k▲
Suppliers440/4€28k€51k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3-€702
Remuneration and social security454/9€6k€4k▼
Other amounts payable47/48€93k€65k▼
Accrued charges and deferred income492/3-€708
Income statement
Code20242025
Remuneration, social security and pensions62€52k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€26k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€165k€93k▼
Operating profit (loss)9901€76k€10k▼
Financial income75/76B€277€0▼
Recurring financial income75€277€0▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€71k€4k▼
Income taxes67/77€14k€722▼
Profit (loss) for the period9904€57k€3k▼
Profit (loss) for the period to be appropriated9905€57k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€3k▼
Profit (loss) brought forward from the previous period14P€8€0▼
Transfer to equity691/2€42k€3k▼
To other reserves6921€42k€3k▼
Profit to be distributed694/7€15k€0▼
Directors or managers695€15k€0▼
The notes to these accounts (15 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼94.3%
Net result drops to €3k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €57k ▲78.7%
Operating result €76k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲58.3%
7 profitable years in a row build equity to €114k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
Directors · office · real estate
Directors
2 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, Ieper · 1 establishment unit since 2002
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.
Bargiestraat 158900 IeperGround area
3.3 ha
Building footprint
9,494 m²
Volume, LiDAR
100,626 m³
Parcel 33003B0873/00E000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bargiestraat 15A, 8900 Ieper
since 20022.101.704.146
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 m · 3 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
2023 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 9,000 EUR | 9,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
VILZ
BE 0869.499.783
Büllingen · Eq €110k
GELAKT
BE 0780.341.046
Alken · Eq €132k
GEREEDSCHAPSMAKERIJ WINTERS
BE 0431.085.321
Pelt · Eq €104k
MIDDER
BE 0475.504.589
Etterbeek · Eq €98k
CECA - CONSTRUCT
BE 0459.315.190
Houthalen-Helchteren · Eq €94k
Of 147 companies in sector 25402 we hold annual accounts for 100. 48 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
25402Manufacture of fabricated metal products, except machinery and equipment
25631Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.