V2V EXPRESS TWO
Annual accounts 2025
abbreviated format, filed on 31-03-2026, on the day of the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.6m. Estimated: probably between €1.2m and €2.1m.
Balance sheet
balance sheet total €483,675 on 31-08-2025in euro
in euro
Position in the sector
-84.9%
Lower than 95% of 12,852 companies in 2025.
0.28
Lower than 95% of 12,642 companies in 2025.
-40.5%
Lower than 95% of 12,716 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter
Staff
€30,421
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, 44 people joined and 45 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
483,675 | 606,999 | 513,330 | |
21/28 |
278,724 | 335,277 | 366,215 | |
22/27 |
277,224 | 333,777 | 364,715 | |
23 |
24,794 | 27,671 | 29,568 | |
24 |
4,655 | 2,753 | 3,081 | |
26 |
247,775 | 303,354 | 332,066 | |
28 |
1,500 | 1,500 | 1,500 | |
29/58 |
204,951 | 271,722 | 147,115 | |
3 |
106,839 | 179,506 | 96,468 | |
30/36 |
106,839 | 179,506 | 96,468 | |
40/41 |
26,421 | 35,949 | 21,971 | |
40 |
4,213 | 20,463 | 6,992 | |
41 |
22,208 | 15,486 | 14,979 | |
54/58 |
61,304 | 47,393 | 20,642 | |
490/1 |
10,387 | 8,874 | 8,034 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
483,675 | 606,999 | 513,330 | |
10/15 |
-410,800 | -214,776 | -122,366 | |
10/11 |
90,000 | 90,000 | 90,000 | |
14 |
-500,800 | -304,776 | -212,366 | |
17/49 |
894,475 | 821,776 | 635,695 | |
17 |
156,032 | 197,935 | 238,682 | |
170/4 |
156,032 | 197,935 | 238,682 | |
42/48 |
735,153 | 620,547 | 393,717 | |
42 |
49,422 | 40,747 | 39,622 | |
44 |
529,335 | 383,666 | 278,163 | |
440/4 |
529,335 | 383,666 | 278,163 | |
45 |
44,233 | 57,921 | 36,552 | |
450/3 |
- | - | 145 | |
454/9 |
44,233 | 57,921 | 36,408 | |
47/48 |
112,163 | 138,213 | 39,380 | |
492/3 |
3,291 | 3,293 | 3,296 | |
| Income statement | ||||
9900 |
179,094 | 324,410 | 94,478 | |
62 |
288,996 | 330,265 | 238,353 | |
630 |
65,048 | 62,524 | 55,830 | |
640/8 |
929 | 5,519 | 802 | |
9901 |
-175,879 | -73,898 | -200,506 | |
75/76B |
800 | 1,208 | 525 | |
75 |
800 | 1,013 | 525 | |
76B |
- | 195 | - | |
65/66B |
20,945 | 19,721 | 12,384 | |
65 |
20,945 | 19,721 | 12,384 | |
9903 |
-196,024 | -92,411 | -212,366 | |
9904 |
-196,024 | -92,411 | -212,366 | |
9905 |
-196,024 | -92,411 | -212,366 | |
| Appropriation of the result | ||||
9906 |
-500,800 | -304,776 | -212,366 | |
14P |
-304,776 | -212,366 | - | |
| Social balance sheet | ||||
9087 |
9.5 | 9.9 | 6.5 | |
Hours worked1013 |
13,621 | 15,105 | 9,362 | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -110,831 | -11,374 | -144,676 | ||
| -130,976 | -29,887 | -156,535 | ||
| 8,495 | 31,586 | 422,046 | ||
| 13,911 | 26,751 | - | ||
| -530,202 | -348,825 | -246,603 | ||
| -84.9% | -35.4% | -23.8% | ||
| 0.28 | 0.44 | 0.37 | ||
| 0.13 | 0.15 | 0.13 | ||
| -40.5% | -15.2% | -41.4% | ||
| -5.29 | -0.58 | -11.68 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 14 | 15 | 17 |
| full-time | 5 | 7 | 5 |
| part-time | 9 | 8 | 12 |
| in full-time equivalents | 9.2 | 10.6 | 9.6 |
| 9.5 | 9.9 | 6.5 | |
| On a permanent contract | 7 | 9 | 8 |
| Joined | 44 | 32 | 51 |
| Left | 45 | 34 | 34 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 |
|---|---|---|---|
| - | - | €310,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 |
|---|---|---|---|
| Tangible fixed assets | €8,495 | €31,586 | €420,546 |
| Financial fixed assets | - | - | €1,500 |
| €65,048 | €62,524 | €55,830 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on V2V EXPRESS TWO
The operating result for 2025 is a loss of €175,879, larger than the loss of €73,898 in 2024.
Equity is negative. Debt (€894,475) exceeds the balance-sheet total (€483,675).