V Z
ActiveSummary
V Z has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.06M and a net result of €998k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 84% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+5
Solvency100▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 0.45 in 2024; short-term debt: 7.2% and cash: 10.8% of total assets), and 19% 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
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
81%
Return on assets
16%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
46 d early
2023
57 d early
2022
39 d early
2021
46 d early
2020
38 d early
2019
30 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, abbreviated schema
Equity
€5.06M▲ 24.6%
2024 · €4.06M
2018: €1.85Mlowest in 8 years
2019: €2.09M▲ +12.6% vs 2018
2020: €2.17M▲ +4.2% vs 2019
2021: €2.20M▲ +1.3% vs 2020
2022: €2.88M▲ +30.7% vs 2021
2023: €3.30M▲ +14.6% vs 2022
2024: €4.06M▲ +23.0% vs 2023
2025: €5.06M▲ +24.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€6.24M▼ 0.9%
2024 · €6.30M
2018: €4.30M
2019: €4.32M▲ +0.7% vs 2018
2020: €4.26M▼ -1.5% vs 2019lowest in 8 years
2021: €4.65M▲ +9.2% vs 2020
2022: €5.26M▲ +13.0% vs 2021
2023: €5.21M▼ -0.8% vs 2022
2024: €6.30M▲ +20.9% vs 2023highest in 8 years
2025: €6.24M▼ -0.9% vs 2024
2018 → 2025
Net result
€998k▲ 31.3%
2024 · €760k
2018: €182k
2019: €234k▲ +28.8% vs 2018
2020: €88k▼ -62.5% vs 2019
2021: €28k▼ -67.7% vs 2020lowest in 8 years
2022: €677k▲ +2287% vs 2021
2023: €419k▼ -38.1% vs 2022
2024: €760k▲ +81.4% vs 2023
2025: €998k▲ +31.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€235k
2024 · €-557k
2018: €334k
2019: €668k▲ +100% vs 2018
2020: €864k▲ +29.4% vs 2019
2021: €69k▼ -92.1% vs 2020
2022: €861k▲ +1156% vs 2021
2023: €1.39M▲ +61.3% vs 2022highest in 8 years
2024: €-557k▼ -140% vs 2023lowest in 8 years
2025: €235k▲ +142% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.20M-€2.88M▲ 30.7%€3.30M▲ 14.6%€4.06M▲ 23.0%€5.06M▲ 24.6%
2021: €2.20Mlowest in 5 years
2022: €2.88M▲ +30.7% vs 2021
2023: €3.30M▲ +14.6% vs 2022
2024: €4.06M▲ +23.0% vs 2023
2025: €5.06M▲ +24.6% vs 2024highest in 5 years
Operating result€61k-€178k▲ 192%€212k▲ 19.3%€365k▲ 72.1%€801k▲ 120%
2021: €61klowest in 5 years
2022: €178k▲ +192% vs 2021
2023: €212k▲ +19.3% vs 2022
2024: €365k▲ +72.1% vs 2023
2025: €801k▲ +120% vs 2024highest in 5 years
Net result€28k-€677k▲ 2,287%€419k▼ 38.1%€760k▲ 81.4%€998k▲ 31.3%
2021: €28klowest in 5 years
2022: €677k▲ +2287% vs 2021
2023: €419k▼ -38.1% vs 2022
2024: €760k▲ +81.4% vs 2023
2025: €998k▲ +31.3% vs 2024highest in 5 years
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 has risen four years in a row; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.24M
Fixed assets
€5.56M ▼ 4.9%
Current assets
€685k ▲ 50.6%
Equity and liabilities €6.24M
Equity
€5.06M ▲ 24.6%
Debt
€1.18M ▼ 47.2%
Debt's share of the balance-sheet total falls from 35.6% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.11M▲
2024 · €722k
Cash flow
€1.31M▲
2024 · €1.12M
Current ratio
1.52▲
2024 · 0.45
Quick ratio
1.50▲
2024 · 0.40
Debt to equity
0.23▼
2024 · 0.55
ROE
19.7%▲
2024 · 18.7%
ROA
16.0%▲
2024 · 12.1%
Interest coverage
16.50▲
2024 · 7.13
Debt ≤ 1 year
€450k▼
2024 · €1.01M
Debt > 1 year
€733k▼
2024 · €1.23M
Income taxes
€237k▲
2024 · €114k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.30M€6.24M▼
Fixed assets21/28€5.85M€5.56M▼
Tangible fixed assets22/27€5.57M€5.28M▼
Land and buildings22€5.16M€5.02M▼
Plant, machinery and equipment23€299k€200k▼
Assets under construction and advance payments27€111k€65k▼
Financial fixed assets28€275k€275k=
Current assets29/58€455k€685k▲
Stocks and contracts in progress3€54k€10k▼
Stocks30/36€54k€10k▼
Amounts receivable within one year40/41€105€105=
Other amounts receivable41€105€105=
Cash at bank and in hand54/58€400k€675k▲
Equity and liabilities
Total equity and liabilities10/49€6.30M€6.24M▼
Equity10/15€4.06M€5.06M▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€1.52M€2.02M▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.50M€2.00M▲
Profit (loss) carried forward14€2.52M€3.02M▲
Amounts payable17/49€2.24M€1.18M▼
Amounts payable after more than one year17€1.23M€733k▼
Financial debts170/4€1.23M€731k▼
Advances received on contracts in progress176€3k€2k▼
Amounts payable within one year42/48€1.01M€450k▼
Current portion of amounts payable after more than one year42€143k€97k▼
Financial debts43€650k-
Credit institutions430/8€650k-
Trade debts44€68k€83k▲
Suppliers440/4€68k€83k▲
Taxes, remuneration and social security45€67k€187k▲
Taxes450/3€67k€187k▲
Other amounts payable47/48€84k€84k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€357k€310k▼
Other operating charges640/8€28k€8k▼
Gross operating margin9900€750k€1.12M▲
Operating profit (loss)9901€365k€801k▲
Financial income75/76B€611k€501k▼
Recurring financial income75€611k€501k▼
Financial charges65/66B€101k€67k▼
Recurring financial charges65€101k€67k▼
Profit (loss) for the period before taxes9903€874k€1.24M▲
Income taxes67/77€114k€237k▲
Profit (loss) for the period9904€760k€998k▲
Profit (loss) for the period to be appropriated9905€760k€998k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.02M€3.52M▲
Profit (loss) brought forward from the previous period14P€2.26M€2.52M▲
Transfer to equity691/2€500k€500k=
To other reserves6921€500k€500k=
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €336k | €269k | €264k | €357k | €310k | ▼ 13.1% |
| Other operating charges640/8 | €18k | €19k | €26k | €28k | €8k | ▼ 70.0% |
| Gross operating margin9900 | €415k | €465k | €502k | €750k | €1.12M | ▲ 49.4% |
| Operating profit (loss)9901 | €61k | €178k | €212k | €365k | €801k | ▲ 120% |
| Financial income75/76B | €24k | €652k | €377k | €611k | €501k | ▼ 17.9% |
| Recurring financial income75 | €24k | €652k | €377k | €611k | €501k | ▼ 17.9% |
| Financial charges65/66B | €35k | €39k | €79k | €101k | €67k | ▼ 33.5% |
| Recurring financial charges65 | €35k | €39k | €79k | €101k | €67k | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €50k | €790k | €510k | €874k | €1.24M | ▲ 41.2% |
| Income taxes67/77 | €21k | €113k | €90k | €114k | €237k | ▲ 108% |
| Profit (loss) for the period9904 | €28k | €677k | €419k | €760k | €998k | ▲ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €28k | €677k | €419k | €760k | €998k | ▲ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.65M | €5.26M | €5.21M | €6.30M | €6.24M | ▼ 0.9% |
| Fixed assets21/28 | €3.81M | €3.54M | €3.28M | €5.85M | €5.56M | ▼ 4.9% |
| Tangible fixed assets22/27 | €3.54M | €3.27M | €3.01M | €5.57M | €5.28M | ▼ 5.2% |
| Land and buildings22 | €2.94M | €2.77M | €2.61M | €5.16M | €5.02M | ▼ 2.8% |
| Plant, machinery and equipment23 | €600k | €499k | €399k | €299k | €200k | ▼ 33.1% |
| Assets under construction and advance payments27 | - | - | - | €111k | €65k | ▼ 41.5% |
| Financial fixed assets28 | €275k | €275k | €275k | €275k | €275k | = |
| Current assets29/58 | €838k | €1.71M | €1.93M | €455k | €685k | ▲ 50.6% |
| Stocks and contracts in progress3 | €37k | €47k | €54k | €54k | €10k | ▼ 81.6% |
| Stocks30/36 | €37k | €47k | €54k | €54k | €10k | ▼ 81.6% |
| Amounts receivable within one year40/41 | €405k | €1.33M | €1.51M | €105 | €105 | = |
| Trade receivables40 | €40k | €57k | €95k | - | - | - |
| Other amounts receivable41 | €365k | €1.27M | €1.42M | €105 | €105 | = |
| Cash at bank and in hand54/58 | €396k | €339k | €368k | €400k | €675k | ▲ 68.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.65M | €5.26M | €5.21M | €6.30M | €6.24M | ▼ 0.9% |
| Equity10/15 | €2.20M | €2.88M | €3.30M | €4.06M | €5.06M | ▲ 24.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €21k | €698k | €1.02M | €1.52M | €2.02M | ▲ 32.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | - | €677k | €1.00M | €1.50M | €2.00M | ▲ 33.3% |
| Profit (loss) carried forward14 | €2.16M | €2.16M | €2.26M | €2.52M | €3.02M | ▲ 19.8% |
| Amounts payable17/49 | €2.45M | €2.38M | €1.91M | €2.24M | €1.18M | ▼ 47.2% |
| Amounts payable after more than one year17 | €1.68M | €1.53M | €1.37M | €1.23M | €733k | ▼ 40.3% |
| Financial debts170/4 | €1.68M | €1.52M | €1.37M | €1.23M | €731k | ▼ 40.3% |
| Advances received on contracts in progress176 | €2k | €2k | €2k | €3k | €2k | ▼ 37.8% |
| Amounts payable within one year42/48 | €770k | €850k | €542k | €1.01M | €450k | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | €151k | €153k | €155k | €143k | €97k | ▼ 31.9% |
| Financial debts43 | €500k | €500k | €150k | €650k | - | - |
| Credit institutions430/8 | €500k | €500k | €150k | €650k | - | - |
| Trade debts44 | €705 | - | €69k | €68k | €83k | ▲ 21.0% |
| Suppliers440/4 | €705 | - | €69k | €68k | €83k | ▲ 21.0% |
| Taxes, remuneration and social security45 | €97k | €130k | €169k | €67k | €187k | ▲ 178% |
| Taxes450/3 | €97k | €130k | €169k | €67k | €187k | ▲ 178% |
| Other amounts payable47/48 | €21k | €67k | - | €84k | €84k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €677k | €419k | €760k | €998k | ▲ 31.3% |
| + Depreciation and write-downs630 | €336k | €269k | €264k | €357k | €310k | ▼ 13.1% |
| Operating cash flow (approximation) | €365k | €946k | €683k | €1.12M | €1.31M | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2.92M | €-21k | ▲ 99.3% |
| Change in cash | - | €-57k | €29k | €33k | €275k | ▲ 738% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €998k ▲31.3%
Operating result €801k, net result €998k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.52
Current ratio from 0.45 to 1.52; short-term debt falls from €1.01M to €450k.
31-12
Financial
Equity above €5MEq €5.06M ▲24.6%
8 profitable years in a row build equity to €5.06M.
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €28k ▼67.7%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €2MEq €2.09M ▲12.6%
2 profitable years in a row build equity to €2.09M.
Show earlier events
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nieuwerkerken (Limb.) · 1 establishment unit since 2008
Ground area
688 m²
Building footprint
162 m²
Volume, LiDAR
926 m³
Parcel 71045A0333/00E002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
V Z
since 20082.177.041.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045A0333/00E002 | Flanders | 688 m² | 1 · 162 m² | 10.3 m · 2 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.
Similar companies · same sector, comparable size
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BE 0726.619.674
Heusden-Zolder · Eq €5.04M
MEYSMANS EN CIE
BE 0416.706.753
Lubbeek · Eq €5.12M
De Verfspecialist
BE 0472.369.709
Diest · Eq €5.13M
DE MARIE
BE 0416.875.514
Ternat · Eq €4.95M
Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 710 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
Founded26-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
41001General construction of residential buildings
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.