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V2 Immo

Active
Private limited companyfounded 2015active for 11 yearsZonhoekstraat 189, 3910 Pelt, BelgiumKBO/BCE: BE 0568.970.821
Summary

V2 Immo has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,173 and a net result of -€2,137. Equity is growing by about 9.4% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€119,173▼ 1.8%
2024 · €121,309
Total assets
€551,640▼ 3.9%
2024 · €574,241
Net result
-€2,137▲ 77.6%
2024 · -€9,530
Working capital
-€14,320
2024 · €19,024
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €1,659 in 2025 against €8,319 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€1,659 2025 Net result-€2,137 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€13,815-€25,807▲ 86.8%€24,929▼ 3.4%€17,598▼ 29.4%€36,158▲ 105%€14,040▼ 61.2%-€8,319-€1,659▲ 80.1%
Net result€6,137-€13,003▲ 112%€14,830▲ 14.0%€10,626▼ 28.3%€22,843▲ 115%€8,079▼ 64.6%-€9,530-€2,137▲ 77.6%
Equity€61,459-€74,463▲ 21.2%€89,292▲ 19.9%€99,918▲ 11.9%€122,761▲ 22.9%€130,840▲ 6.6%€121,309▼ 7.3%€119,173▼ 1.8%
Total assets€464,829-€447,155▼ 3.8%€445,697▼ 0.3%€434,798▼ 2.4%€450,001▲ 3.5%€434,268▼ 3.5%€574,241▲ 32.2%€551,640▼ 3.9%
Debt€403,370-€372,692▼ 7.6%€356,405▼ 4.4%€334,880▼ 6.0%€327,240▼ 2.3%€303,428▼ 7.3%€452,932▲ 49.3%€432,467▼ 4.5%
Working capital-€28,176--€29,372▼ 4.2%-€30,928▼ 5.3%€11,137€24,228▲ 118%€22,693▼ 6.3%€19,024▼ 16.2%-€14,320
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €551,640
Fixed assets €536,123 ▲ 1.9%
Current assets €15,516 ▼ 67.9%
Equity and liabilities €551,640
Equity €119,173 ▼ 1.8%
Debt €432,467 ▼ 4.5%
Debt's share of the balance-sheet total falls from 78.9% to 78.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16,483▲
2024 · €9,587
Cash flow
€16,006▲
2024 · €8,376
Current ratio
0.52▼
2024 · 1.65
Debt to equity
3.63▼
2024 · 3.73
ROE
-1.8%▲
2024 · -7.9%
ROA
-0.4%▲
2024 · -1.7%
Interest coverage
6.72▲
2024 · 3.30
Debt ≤ 1 year
€29,836▲
2024 · €29,302
Debt > 1 year
€402,554▼
2024 · €423,554
Income taxes
€26▼
2024 · €181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.3% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
1.0% went bankrupt
2.2% stopped otherwise
96.3% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€574,241€551,640▼
Fixed assets21/28€525,915€536,123▲
Tangible fixed assets22/27€525,915€536,123▲
Land and buildings22€514,101€529,914▲
Plant, machinery and equipment23€10,781€6,209▼
Furniture and vehicles24€1,033€0▼
Current assets29/58€48,327€15,516▼
Amounts receivable within one year40/41€9,412€5,000▼
Trade receivables40€5,021-
Other amounts receivable41€4,391€5,000▲
Cash at bank and in hand54/58€36,606€8,846▼
Deferred charges and accrued income490/1€2,308€1,670▼
Equity and liabilities
Total equity and liabilities10/49€574,241€551,640▼
Equity10/15€121,309€119,173▼
Contributions10/11€55,000€55,000=
Reserves13€69,250€69,250=
Distributable reserves133€69,250€69,250=
Profit (loss) carried forward14-€2,941-€5,077▼
Amounts payable17/49€452,932€432,467▼
Amounts payable after more than one year17€423,554€402,554▼
Financial debts170/4€423,554€402,554▼
Amounts payable within one year42/48€29,302€29,836▲
Current portion of amounts payable after more than one year42€20,000€20,000=
Trade debts44€3,320€540▼
Suppliers440/4€3,320€540▼
Advances received on contracts in progress46€971€1,980▲
Other amounts payable47/48€5,012€7,316▲
Accrued charges and deferred income492/3€75€76▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,906€18,143▲
Other operating charges640/8€953€6,278▲
Non-recurring operating charges66A€14,800-
Gross operating margin9900€25,341€22,761▼
Operating profit (loss)9901-€8,319-€1,659▲
Financial income75/76B€1,876€2,002▲
Recurring financial income75€1,876€2,002▲
Financial charges65/66B€2,906€2,453▼
Recurring financial charges65€2,906€2,453▼
Profit (loss) for the period before taxes9903-€9,349-€2,111▲
Income taxes67/77€181€26▼
Profit (loss) for the period9904-€9,530-€2,137▲
Profit (loss) for the period to be appropriated9905-€9,530-€2,137▲
Appropriation of the result
Profit (loss) to be appropriated9906-€8,841-€5,077▲
Profit (loss) brought forward from the previous period14P€690-€2,941▼
Transfer from equity791/2€5,900-

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€2,135-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,050€35,435€35,481€31,821€17,537€17,226€17,906€18,143▲ 1.3%
Other operating charges640/8---€853€881€841€953€6,278▲ 559%
Non-recurring operating charges66A------€14,800--
Gross operating margin9900€27,671€61,839€61,192€50,272€54,576€32,108€25,341€22,761▼ 10.2%
Operating profit (loss)9901€13,815€25,807€24,929€17,598€36,158€14,040-€8,319-€1,659▲ 80.1%
Financial income75/76B---€2,553€1,293€1,430€1,876€2,002▲ 6.7%
Recurring financial income75€280€101€1,210€2,553€1,293€1,430€1,876€2,002▲ 6.7%
Financial charges65/66B---€4,139€3,628€3,291€2,906€2,453▼ 15.6%
Recurring financial charges65€5,786€5,405€4,510€4,139€3,628€3,291€2,906€2,453▼ 15.6%
Profit (loss) for the period before taxes9903€8,310€20,503€21,629€16,013€33,823€12,180-€9,349-€2,111▲ 77.4%
Income taxes67/77€2,173€7,500€6,800€5,387€10,980€4,101€181€26▼ 85.6%
Profit (loss) for the period9904€6,137€13,003€14,830€10,626€22,843€8,079-€9,530-€2,137▲ 77.6%
Profit (loss) for the period to be appropriated9905€6,137€13,003€14,830€10,626€22,843€8,079-€9,530-€2,137▲ 77.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€464,829€447,155€445,697€434,798€450,001€434,268€574,241€551,640▼ 3.9%
Fixed assets21/28€438,069€432,268€428,654€377,215€366,966€356,656€525,915€536,123▲ 1.9%
Intangible fixed assets21€0--------
Tangible fixed assets22/27€438,069€432,268€428,654€377,215€366,966€356,656€525,915€536,123▲ 1.9%
Land and buildings22---€361,050€349,523€338,403€514,101€529,914▲ 3.1%
Plant, machinery and equipment23---€8,576€12,502€15,266€10,781€6,209▼ 42.4%
Furniture and vehicles24---€7,589€4,942€2,987€1,033€0▼ 100%
Current assets29/58€26,760€14,887€17,043€57,583€83,035€77,612€48,327€15,516▼ 67.9%
Amounts receivable within one year40/41€4,000€8,479€8,520€49,963€8,540€13,568€9,412€5,000▼ 46.9%
Trade receivables40---€38,025€5,000€11,478€5,021--
Other amounts receivable41---€11,938€3,540€2,090€4,391€5,000▲ 13.9%
Cash at bank and in hand54/58€22,760€4,967€6,865€6,272€72,850€61,834€36,606€8,846▼ 75.8%
Deferred charges and accrued income490/1---€1,349€1,645€2,209€2,308€1,670▼ 27.7%
Equity and liabilities
Total equity and liabilities10/49€464,829€447,155€445,697€434,798€450,001€434,268€574,241€551,640▼ 3.9%
Equity10/15€61,459€74,463€89,292€99,918€122,761€130,840€121,309€119,173▼ 1.8%
Contributions10/11€50,000€50,000-€55,000€55,000€55,000€55,000€55,000=
Reserves13€10,900€23,900€33,700€44,300€67,100€75,150€69,250€69,250=
Distributable reserves133---€44,300€67,100€75,150€69,250€69,250=
Profit (loss) carried forward14€559€563€592€618€661€690-€2,941-€5,077▼ 72.7%
Amounts payable17/49€403,370€372,692€356,405€334,880€327,240€303,428€452,932€432,467▼ 4.5%
Amounts payable after more than one year17€348,433€328,433€308,433€288,433€268,434€248,434€423,554€402,554▼ 5.0%
Financial debts170/4---€288,433€268,434€248,434€423,554€402,554▼ 5.0%
Amounts payable within one year42/48€54,936€44,259€47,971€46,447€58,807€54,919€29,302€29,836▲ 1.8%
Current portion of amounts payable after more than one year42---€20,000€20,000€20,000€20,000€20,000=
Trade debts44€7,718€6,034€7,728€5,209€5,436€3,788€3,320€540▼ 83.7%
Suppliers440/4---€5,209€5,436€3,788€3,320€540▼ 83.7%
Advances received on contracts in progress46---€820€1,864€1,866€971€1,980▲ 104%
Taxes, remuneration and social security45----€8,924----
Taxes450/3----€8,924----
Other amounts payable47/48---€20,418€22,582€29,265€5,012€7,316▲ 46.0%
Accrued charges and deferred income492/3-----€75€75€76▲ 1.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€6,137€13,003€14,830€10,626€22,843€8,079-€9,530-€2,137▲ 77.6%
+ Depreciation and write-downs630€7,050€35,435€35,481€31,821€17,537€17,226€17,906€18,143▲ 1.3%
Operating cash flow (approximation)€13,186€48,439€50,311€42,447€40,380€25,305€8,376€16,006▲ 91.1%
Investment in fixed assets (approximation)--€29,635-€31,866€19,618-€7,288-€6,916-€187,165-€28,352▲ 84.9%
Change in cash--€17,793€1,898-€593€66,579-€11,016-€25,228-€27,760▼ 10.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (10)
Financial year Type Filed Reference
31-12-2025 abbreviated format 26-06-2026 2026-00202714
31-12-2024 abbreviated format 25-06-2025 2025-00175192
31-12-2023 abbreviated format 25-06-2024 2024-00158430
31-12-2022 abbreviated format 27-06-2023 2023-00161163
31-12-2021 abbreviated format 27-06-2022 2022-20099449
31-12-2020 abbreviated format 22-06-2021 2021-22200065
31-12-2019 abbreviated format 23-06-2020 2020-19000577
31-12-2018 abbreviated format 24-06-2019 2019-22200587
31-12-2017 abbreviated format 29-06-2018 2018-24700173
31-12-2016 abbreviated format 21-08-2017 2017-44500598

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.