V2O
ActiveSummary
The computed 12-month bankruptcy probability of V2O is 2.0% (moderate). The 2025 annual accounts show equity of €503k and a net result of €167k. Equity is growing by ~30.6% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+1
Solvency90▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.49; short-term debt: 22.7% and cash: 12.3% of total assets), and 35.5% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
64.5%
Return on assets
21.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 5 filingsDeviation from the deadline
2025
41 d late
2024
118 d late
2023
68 d late
2022
11 d late
2021
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€503k▼ 31.9%
2024 · €738k
2021: €231klowest in 5 years
2022: €418k▲ +80.9% vs 2021
2023: €590k▲ +41.1% vs 2022
2024: €738k▲ +25.0% vs 2023highest in 5 years
2025: €503k▼ -31.9% vs 2024
2021 → 2025
Total assets
€779k▲ 5.4%
2024 · €739k
2021: €428klowest in 5 years
2022: €433k▲ +1.1% vs 2021
2023: €592k▲ +36.9% vs 2022
2024: €739k▲ +24.8% vs 2023
2025: €779k▲ +5.4% vs 2024highest in 5 years
2021 → 2025
Net result
€167k▲ 13.0%
2024 · €147k
2021: €229khighest in 5 years
2022: €187k▼ -18.4% vs 2021
2023: €172k▼ -8.0% vs 2022
2024: €147k▼ -14.3% vs 2023lowest in 5 years
2025: €167k▲ +13.0% vs 2024
2021 → 2025
Working capital
€262k▼ 29.9%
2024 · €374k
2021: €218klowest in 5 years
2022: €314k▲ +44.2% vs 2021
2023: €503k▲ +60.2% vs 2022highest in 5 years
2024: €374k▼ -25.6% vs 2023
2025: €262k▼ -29.9% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€418k▲ 80.9%€590k▲ 41.1%€738k▲ 25.0%€503k▼ 31.9%
2021: €231klowest in 5 years
2022: €418k▲ +80.9% vs 2021
2023: €590k▲ +41.1% vs 2022
2024: €738k▲ +25.0% vs 2023highest in 5 years
2025: €503k▼ -31.9% vs 2024
Operating result€299k-€275k▼ 8.2%€233k▼ 15.3%€200k▼ 13.8%€236k▲ 17.9%
2021: €299khighest in 5 years
2022: €275k▼ -8.2% vs 2021
2023: €233k▼ -15.3% vs 2022
2024: €200k▼ -13.8% vs 2023lowest in 5 years
2025: €236k▲ +17.9% vs 2024
Net result€229k-€187k▼ 18.4%€172k▼ 8.0%€147k▼ 14.3%€167k▲ 13.0%
2021: €229khighest in 5 years
2022: €187k▼ -18.4% vs 2021
2023: €172k▼ -8.0% vs 2022
2024: €147k▼ -14.3% vs 2023lowest in 5 years
2025: €167k▲ +13.0% 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 recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €779k
Fixed assets
€340k ▼ 6.4%
Current assets
€439k ▲ 16.8%
Equity and liabilities €779k
Equity
€503k ▼ 31.9%
Debt
€277k ▲ 21,548%
Debt's share of the balance-sheet total rises from 0.2% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€260k▲
2024 · €224k
Cash flow
€190k▲
2024 · €171k
Current ratio
2.49
Debt to equity
0.55▲
2024 · 0.00
ROE
33.2%▲
2024 · 20.0%
ROA
21.4%▲
2024 · 20.0%
Interest coverage
55.48▼
2024 · 1315.70
Debt ≤ 1 year
€177k▲
2024 · €1k
Debt > 1 year
€100k
Income taxes
€65k▲
2024 · €54k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€739k€779k▲
Fixed assets21/28€363k€340k▼
Tangible fixed assets22/27€63k€40k▼
Furniture and vehicles24€63k€40k▼
Financial fixed assets28€300k€300k=
Current assets29/58€376k€439k▲
Amounts receivable within one year40/41€35k€35k=
Trade receivables40€15k€15k=
Other amounts receivable41€20k€20k=
Current investments50/53€289k€305k▲
Cash at bank and in hand54/58€46k€96k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€739k€779k▲
Equity10/15€738k€503k▼
Contributions10/11€2k€2k=
Reserves13€736k€501k▼
Distributable reserves133€736k€501k▼
Amounts payable17/49€1k€277k▲
Amounts payable after more than one year17-€100k
Financial debts170/4-€100k
Amounts payable within one year42/48€1k€177k▲
Trade debts44€29€1k▲
Suppliers440/4€29€1k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€1k€174k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€23k▼
Other operating charges640/8€667€431▼
Gross operating margin9900€225k€260k▲
Operating profit (loss)9901€200k€236k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€170€5k▲
Recurring financial charges65€170€5k▲
Profit (loss) for the period before taxes9903€201k€232k▲
Income taxes67/77€54k€65k▲
Profit (loss) for the period9904€147k€167k▲
Profit (loss) for the period to be appropriated9905€147k€167k▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€167k▲
Transfer from equity791/2-€402k
Transfer to equity691/2€147k€167k▲
To other reserves6921€147k€167k▲
Profit to be distributed694/7-€402k
Return on contributions (dividend)694-€402k
The notes to these accounts (7 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 | €679 | €4k | €22k | €24k | €23k | ▼ 1.4% |
| Other operating charges640/8 | €1k | €486 | €655 | €667 | €431 | ▼ 35.4% |
| Gross operating margin9900 | €301k | €280k | €256k | €225k | €260k | ▲ 15.7% |
| Operating profit (loss)9901 | €299k | €275k | €233k | €200k | €236k | ▲ 17.9% |
| Financial income75/76B | €26 | - | €2k | €1k | - | - |
| Recurring financial income75 | €26 | - | €2k | €1k | - | - |
| Financial charges65/66B | €302 | €19k | €1k | €170 | €5k | ▲ 2,648% |
| Recurring financial charges65 | €302 | €511 | €1k | €170 | €5k | ▲ 2,648% |
| Non-recurring financial charges66B | - | €18k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €299k | €256k | €233k | €201k | €232k | ▲ 15.0% |
| Income taxes67/77 | €70k | €69k | €61k | €54k | €65k | ▲ 20.3% |
| Profit (loss) for the period9904 | €229k | €187k | €172k | €147k | €167k | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €229k | €187k | €172k | €147k | €167k | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €428k | €433k | €592k | €739k | €779k | ▲ 5.4% |
| Fixed assets21/28 | €13k | €104k | €87k | €363k | €340k | ▼ 6.4% |
| Tangible fixed assets22/27 | €13k | €104k | €87k | €63k | €40k | ▼ 36.6% |
| Plant, machinery and equipment23 | €532 | €325 | €118 | - | - | - |
| Furniture and vehicles24 | €13k | €104k | €87k | €63k | €40k | ▼ 36.6% |
| Financial fixed assets28 | - | - | - | €300k | €300k | = |
| Current assets29/58 | €415k | €329k | €505k | €376k | €439k | ▲ 16.8% |
| Amounts receivable within one year40/41 | - | €53k | - | €35k | €35k | = |
| Trade receivables40 | - | - | - | €15k | €15k | = |
| Other amounts receivable41 | - | €53k | - | €20k | €20k | = |
| Current investments50/53 | €4k | €247k | €289k | €289k | €305k | ▲ 5.5% |
| Cash at bank and in hand54/58 | €411k | €29k | €205k | €46k | €96k | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | €12k | €6k | €3k | ▼ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €428k | €433k | €592k | €739k | €779k | ▲ 5.4% |
| Equity10/15 | €231k | €418k | €590k | €738k | €503k | ▼ 31.9% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €229k | €416k | €588k | €736k | €501k | ▼ 32.0% |
| Distributable reserves133 | €229k | €416k | €588k | €736k | €501k | ▼ 32.0% |
| Amounts payable17/49 | €197k | €14k | €2k | €1k | €277k | ▲ 21,548% |
| Amounts payable after more than one year17 | - | - | - | - | €100k | - |
| Financial debts170/4 | - | - | - | - | €100k | - |
| Amounts payable within one year42/48 | €197k | €14k | €2k | €1k | €177k | ▲ 13,719% |
| Trade debts44 | €74k | €6k | €2k | €29 | €1k | ▲ 4,752% |
| Suppliers440/4 | €74k | €6k | €2k | €29 | €1k | ▲ 4,752% |
| Taxes, remuneration and social security45 | €73k | €8k | - | - | €1k | - |
| Taxes450/3 | €20k | €8k | - | - | €1k | - |
| Remuneration and social security454/9 | €53k | - | - | - | - | - |
| Other amounts payable47/48 | €50k | - | - | €1k | €174k | ▲ 13,822% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229k | €187k | €172k | €147k | €167k | ▲ 13.0% |
| + Depreciation and write-downs630 | €679 | €4k | €22k | €24k | €23k | ▼ 1.4% |
| Operating cash flow (approximation) | €230k | €191k | €195k | €171k | €190k | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | €-95k | €-5k | €-300k | €0 | ▲ 100% |
| Change in cash | - | €-382k | €176k | €-159k | €50k | ▲ 132% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
21-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 118 days late
2024
31-12
Financial
Weakest financial yearnet €147k ▼14.3%
Net result drops to €147k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Liquidity times 11current ratio 251.51
Current ratio from 22.87 to 251.51; short-term debt falls from €14k to €2k.
31-12
Financial
Equity above €500kEq €590k ▲41.1%
3 profitable years in a row build equity to €590k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Liquidity times 11current ratio 22.87
Current ratio from 2.11 to 22.87; short-term debt falls from €197k to €14k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneState Gazette actNBB 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, Wetteren · 1 establishment unit since 2020
Ground area
232 m²
Building footprint
232 m²
Volume, LiDAR
1,555 m³
Parcel 42302E0474/00B000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
V2O
since 20202.306.659.208
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0474/00B000 | Flanders | 232 m² | 1 · 232 m² | 12.2 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.