V & V GROUP
Open bankruptcyA bankruptcy procedure is open for V & V GROUP according to publications in the Belgian State Gazette; curator: LIESBET JACOBS.
Summary
The 2024 annual accounts show negative equity (€-86k) and a net result of €-13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192024
2018 to 2024 · latest year €-86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-08-2025, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d late
2020
29 d late
2019
130 d late
2018
92 d late
2017
53 d late
2016
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€32k
EBIT margin
14.6%
Net result
€-13k▼ 220%
2020 · €-4k
2018: €46k
2019: €-32k
2020: €-4k
2018 → 2024
Working capital
€-301k▲ 3.8%
2020 · €-313k
2018: €-305k
2019: €-306k
2020: €-313k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202024Trend
Turnover€32k
Equity€-18k-€-50k▼ 176%€-54k▼ 7.9%€-86k▼ 58.2%
Operating result€59k-€-23k€5k€-13k
Net result€46k-€-32k€-4k▲ 87.5%€-13k▼ 220%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-13k in 2024, compared with €5k in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2020 as the grey bar beneath
Assets €508k
Fixed assets
€499k ▼ 11.4%
Current assets
€9k ▼ 62.2%
Key figures and ratios
EBITDA
€3k▼
2020 · €21k
Cash flow
€3k▼
2020 · €13k
Solvency
-16.9%▼
2020 · -9.3%
Current ratio
0.03▼
2020 · 0.07
Debt / equity
-6.91▼
2020 · -5.61
ROA
-2.5%▼
2020 · -0.7%
Debt
€594k▼
2020 · €641k
Debt ≤ 1 year
€310k▼
2020 · €336k
Debt > 1 year
€284k▼
2020 · €305k
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 · 2024 against 2020 · 35 lines
Balance sheet
Code20202024
Assets
Total assets20/58€587k€508k▼
Fixed assets21/28€564k€499k▼
Tangible fixed assets22/27€564k€499k▼
Land and buildings22-€499k
Current assets29/58€23k€9k▼
Amounts receivable within one year40/41€17k€2k▼
Trade receivables40-€450
Other amounts receivable41-€2k
Cash at bank and in hand54/58€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€587k€508k▼
Equity10/15€-54k€-86k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€22k€22k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€20k
Profit (loss) carried forward14€-95k€-126k▼
Amounts payable17/49€641k€594k▼
Amounts payable after more than one year17€305k€284k▼
Financial debts170/4-€284k
Amounts payable within one year42/48€336k€310k▼
Current portion of amounts payable after more than one year42-€21k
Other amounts payable47/48-€289k
Income statement
Code20202024
Turnover70€32k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Gross operating margin9900€30k€3k▼
Operating profit (loss)9901€5k€-13k▼
Recurring financial charges65€9k-
Profit (loss) for the period before taxes9903€-4k€-13k▼
Profit (loss) for the period9904€-4k€-13k▼
Profit (loss) for the period to be appropriated9905€-4k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-126k
Profit (loss) brought forward from the previous period14P-€-114k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · V & V GROUP BVBA IN VEREF- FENING PALMANSHOEVE 28, 2610 WILRIJK (ANTWERPEN) · event 18-12-2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
31-12
Financial
Weakest financial yearnet €-32k ▼170%
Net result drops to €-32k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 53 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
12-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 12 days late
2013
22-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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.
Palmanshoevestraat 282610 AntwerpenGround area
1,613 m²
Building footprint
456 m²
Volume, LiDAR
1,182 m³
Parcel 11462A0062/00C004, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V & V Group
since 20072.187.882.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0062/00C004 | Flanders | 1,613 m² | 1 · 456 m² | 7.3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
18-12-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-12-2007
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.