Equity
VA PROJECTS paid out €27,000 in dividends. That is 200% of the 2025 profit.
VA PROJECTS paid out €27,000 in dividends. That is 200% of the 2025 profit.
The micro format states no turnover.
Debts rose by €303,233 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation.
Short-term debts rose from €15,770 to €58,396.
Four of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
In July 2024, 6,053 companies had the same profile as VA PROJECTS has now. Each dot stands for 16 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,053 companies, not a prediction for VA PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| VA PROJECTS Sint-Katelijne-Waver | €504,641 | €69,505 | 36.8% | - |
| IPEACON Brasschaat | €412,404 | €68,797 | 93.8% | - |
| TERDIS Chaumont-Gistoux | €485,089 | €74,359 | 21.0% | - |
| Aletar Company Zulte | €432,378 | €65,432 | 69.5% | - |
| THIBAUT BUSSCHAERT BVBA Hoeilaart | €569,672 | €75,522 | 36.8% | - |
| ENC Neys Herk-de-Stad | €511,079 | €85,847 | 15.3% | - |
| MKV Engineering Lochristi | €507,666 | €56,647 | 96.7% | - |
These companies have the same main activity as VA PROJECTS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €412,000 and €570,000, founded between 2011 and 2014.
VA PROJECTS files the micro format. That format states no turnover. The gross margin rose from €33,376 in 2013 to €69,505 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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