V & V PROJECTS
ActiveSummary
V & V PROJECTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €775. Equity is shrinking by ~12.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 13% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+20
Solvency33▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
11 d late
2023
30 d late
2022
24 d late
2021
5 d late
2020
23 d early
2019
21 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▲ 9.7%
2024 · €8k
2018: €47k
2019: €48k▲ +2.1% vs 2018
2020: €53k▲ +9.0% vs 2019
2021: €51k▼ -2.5% vs 2020
2022: €57k▲ +10.5% vs 2021highest in 8 years
2023: €12k▼ -79.5% vs 2022
2024: €8k▼ -31.5% vs 2023lowest in 8 years
2025: €9k▲ +9.7% vs 2024
2018 → 2025
Total assets
€108k▼ 1.5%
2024 · €110k
2018: €135k
2019: €216k▲ +59.3% vs 2018highest in 8 years
2020: €142k▼ -34.4% vs 2019
2021: €149k▲ +5.6% vs 2020
2022: €146k▼ -2.3% vs 2021
2023: €104k▼ -28.7% vs 2022lowest in 8 years
2024: €110k▲ +5.6% vs 2023
2025: €108k▼ -1.5% vs 2024
2018 → 2025
Net result
€775
2024 · €-4k
2018: €1k
2019: €51k▲ +4526% vs 2018highest in 8 years
2020: €4k▼ -91.4% vs 2019
2021: €-1k▼ -130% vs 2020
2022: €5k▲ +515% vs 2021
2023: €-45k▼ -939% vs 2022lowest in 8 years
2024: €-4k▲ +91.9% vs 2023
2025: €775▲ +121% vs 2024
2018 → 2025
Working capital
€10k▼ 31.1%
2024 · €14k
2018: €52k
2019: €21k▼ -60.2% vs 2018
2020: €29k▲ +43.0% vs 2019
2021: €48k▲ +64.2% vs 2020
2022: €56k▲ +16.8% vs 2021highest in 8 years
2023: €14k▼ -75.2% vs 2022
2024: €14k▲ +2.5% vs 2023
2025: €10k▼ -31.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€57k▲ 10.5%€12k▼ 79.5%€8k▼ 31.5%€9k▲ 9.7%
2021: €51k
2022: €57k▲ +10.5% vs 2021highest in 5 years
2023: €12k▼ -79.5% vs 2022
2024: €8k▼ -31.5% vs 2023lowest in 5 years
2025: €9k▲ +9.7% vs 2024
Operating result€1k-€10k▲ 846%€-42k€3k€2k▼ 21.2%
2021: €1k
2022: €10k▲ +846% vs 2021highest in 5 years
2023: €-42k▼ -523% vs 2022lowest in 5 years
2024: €3k▲ +107% vs 2023
2025: €2k▼ -21.2% vs 2024
Net result€-1k-€5k€-45k€-4k▲ 91.9%€775
2021: €-1k
2022: €5k▲ +515% vs 2021highest in 5 years
2023: €-45k▼ -939% vs 2022lowest in 5 years
2024: €-4k▲ +91.9% vs 2023
2025: €775▲ +121% vs 2024
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 falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €108k
Equity
€9k ▲ 9.7%
Debt
€100k ▼ 2.4%
Debt's share of the balance-sheet total falls from 92.7% to 91.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.10▼
2024 · 1.15
Debt to equity
11.37▼
2024 · 12.78
ROE
8.9%▲
2024 · -45.9%
ROA
0.7%▲
2024 · -3.3%
Debt ≤ 1 year
€98k▲
2024 · €96k
Income taxes
€321▲
2024 · €274
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€110k€108k▼
Current assets29/58€110k€108k▼
Amounts receivable within one year40/41€16k€0▼
Trade receivables40€15k€0▼
Other amounts receivable41€1k€0▼
Current investments50/53€6k€6k=
Cash at bank and in hand54/58€65k€89k▲
Deferred charges and accrued income490/1€23k€13k▼
Equity and liabilities
Total equity and liabilities10/49€110k€108k▼
Equity10/15€8k€9k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-11k€-10k▲
Amounts payable17/49€102k€100k▼
Amounts payable within one year42/48€96k€98k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€17k€20k▲
Taxes450/3€14k€17k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€76k€76k▼
Accrued charges and deferred income492/3€6k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€626€685▲
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€10€7▼
Recurring financial income75€10€7▼
Financial charges65/66B€6k€1k▼
Recurring financial charges65€6k€1k▼
Profit (loss) for the period before taxes9903€-3k€1k▲
Income taxes67/77€274€321▲
Profit (loss) for the period9904€-4k€775▲
Profit (loss) for the period to be appropriated9905€-4k€775▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-10k▲
Profit (loss) brought forward from the previous period14P€-7k€-11k▼
Transfer from equity791/2€0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €18k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €3k | €2k | €0 | - | - |
| Other operating charges640/8 | €571 | €630 | €567 | €626 | €685 | ▲ 9.5% |
| Gross operating margin9900 | €21k | €14k | €-40k | €4k | €3k | ▼ 15.9% |
| Operating profit (loss)9901 | €1k | €10k | €-42k | €3k | €2k | ▼ 21.2% |
| Financial income75/76B | - | - | - | €10 | €7 | ▼ 33.3% |
| Recurring financial income75 | - | - | - | €10 | €7 | ▼ 33.3% |
| Financial charges65/66B | €2k | €2k | €3k | €6k | €1k | ▼ 80.0% |
| Recurring financial charges65 | €2k | €2k | €3k | €6k | €1k | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | €-1k | €8k | €-45k | €-3k | €1k | ▲ 132% |
| Income taxes67/77 | €108 | €3k | €122 | €274 | €321 | ▲ 17.5% |
| Profit (loss) for the period9904 | €-1k | €5k | €-45k | €-4k | €775 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €5k | €-45k | €-4k | €775 | ▲ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €146k | €104k | €110k | €108k | ▼ 1.5% |
| Fixed assets21/28 | €5k | €2k | €0 | - | - | - |
| Tangible fixed assets22/27 | €5k | €2k | €0 | - | - | - |
| Furniture and vehicles24 | €5k | €2k | €0 | - | - | - |
| Current assets29/58 | €144k | €144k | €104k | €110k | €108k | ▼ 1.5% |
| Amounts receivable within one year40/41 | €25k | €2k | €4k | €16k | €0 | ▼ 100% |
| Trade receivables40 | €0 | - | - | €15k | €0 | ▼ 100% |
| Other amounts receivable41 | €25k | €2k | €4k | €1k | €0 | ▼ 100% |
| Current investments50/53 | €7k | €7k | €7k | €6k | €6k | = |
| Cash at bank and in hand54/58 | €110k | €63k | €70k | €65k | €89k | ▲ 38.2% |
| Deferred charges and accrued income490/1 | €2k | €71k | €23k | €23k | €13k | ▼ 43.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €146k | €104k | €110k | €108k | ▼ 1.5% |
| Equity10/15 | €51k | €57k | €12k | €8k | €9k | ▲ 9.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €33k | €38k | €0 | - | - | - |
| Non-distributable reserves130/1 | €6k | €6k | €0 | - | - | - |
| Reserves not available under the articles1311 | €6k | €6k | €0 | - | - | - |
| Distributable reserves133 | €27k | €32k | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | €-7k | €-11k | €-10k | ▲ 7.3% |
| Amounts payable17/49 | €98k | €89k | €92k | €102k | €100k | ▼ 2.4% |
| Amounts payable within one year42/48 | €96k | €88k | €90k | €96k | €98k | ▲ 3.0% |
| Trade debts44 | €1k | €2k | €2k | €2k | €2k | ▼ 9.4% |
| Suppliers440/4 | €1k | €2k | €2k | €2k | €2k | ▼ 9.4% |
| Taxes, remuneration and social security45 | €11k | €3k | €8k | €17k | €20k | ▲ 19.7% |
| Taxes450/3 | €8k | €430 | €8k | €14k | €17k | ▲ 24.2% |
| Remuneration and social security454/9 | €2k | €2k | €0 | €3k | €3k | ▲ 0.6% |
| Other amounts payable47/48 | €84k | €83k | €80k | €76k | €76k | ▼ 0.4% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €6k | €1k | ▼ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €5k | €-45k | €-4k | €775 | ▲ 121% |
| + Depreciation and write-downs630 | €19k | €3k | €2k | €0 | - | - |
| Operating cash flow (approximation) | €18k | €9k | €-43k | €-4k | €775 | ▲ 121% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €-47k | €7k | €-6k | €25k | ▲ 546% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €775
Net result €775 after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €51k ▲4,526%
Operating result €79k, net result €51k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 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, Dentergem
Ground area
3,199 m²
Building footprint
1,096 m²
Volume, LiDAR
3,803 m³
Parcel 37006A0187/00A002, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37006A0187/00A002 | Flanders | 3,199 m² | 1 · 1,096 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 · 1 entry · 429 EUR awarded · 429 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 429 EUR | 429 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 3,801 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
Founded26-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.