VA PROJECTS
ActiveSummary
VA PROJECTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €14k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-17
Solvency62▼-38
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 10.45 in 2024; short-term debt: 11.6% and cash: 20.2% of total assets), but 63.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
36.8%
Return on assets
2.7%
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
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
9 d early
2023
6 d early
2022
18 d late
2021
26 d early
2020
47 d early
2019
4 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€186k▼ 6.8%
2024 · €199k
2018: €73klowest in 8 years
2019: €90k▲ +24.6% vs 2018
2020: €107k▲ +18.7% vs 2019
2021: €129k▲ +20.6% vs 2020
2022: €151k▲ +16.4% vs 2021
2023: €188k▲ +25.1% vs 2022
2024: €199k▲ +5.7% vs 2023highest in 8 years
2025: €186k▼ -6.8% vs 2024
2018 → 2025
Total assets
€505k▲ 135%
2024 · €215k
2018: €84klowest in 8 years
2019: €101k▲ +20.3% vs 2018
2020: €127k▲ +26.6% vs 2019
2021: €149k▲ +16.9% vs 2020
2022: €155k▲ +4.2% vs 2021
2023: €201k▲ +29.6% vs 2022
2024: €215k▲ +6.8% vs 2023
2025: €505k▲ +135% vs 2024highest in 8 years
2018 → 2025
Net result
€14k▼ 61.1%
2024 · €35k
2018: €31k
2019: €28k▼ -9.1% vs 2018
2020: €27k▼ -3.2% vs 2019
2021: €27k▲ +0.8% vs 2020
2022: €21k▼ -22.0% vs 2021
2023: €38k▲ +78.7% vs 2022highest in 8 years
2024: €35k▼ -8.2% vs 2023
2025: €14k▼ -61.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€102k▼ 31.5%
2024 · €149k
2018: €42klowest in 8 years
2019: €66k▲ +58.6% vs 2018
2020: €83k▲ +24.4% vs 2019
2021: €119k▲ +43.8% vs 2020
2022: €134k▲ +12.6% vs 2021
2023: €146k▲ +9.4% vs 2022
2024: €149k▲ +1.9% vs 2023highest in 8 years
2025: €102k▼ -31.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€151k▲ 16.4%€188k▲ 25.1%€199k▲ 5.7%€186k▼ 6.8%
2021: €129klowest in 5 years
2022: €151k▲ +16.4% vs 2021
2023: €188k▲ +25.1% vs 2022
2024: €199k▲ +5.7% vs 2023highest in 5 years
2025: €186k▼ -6.8% vs 2024
Operating result€35k-€29k▼ 15.9%€54k▲ 84.7%€51k▼ 6.3%€21k▼ 58.0%
2021: €35k
2022: €29k▼ -15.9% vs 2021
2023: €54k▲ +84.7% vs 2022highest in 5 years
2024: €51k▼ -6.3% vs 2023
2025: €21k▼ -58.0% vs 2024lowest in 5 years
Net result€27k-€21k▼ 22.0%€38k▲ 78.7%€35k▼ 8.2%€14k▼ 61.1%
2021: €27k
2022: €21k▼ -22.0% vs 2021
2023: €38k▲ +78.7% vs 2022highest in 5 years
2024: €35k▼ -8.2% vs 2023
2025: €14k▼ -61.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505k
Fixed assets
€344k ▲ 587%
Current assets
€160k ▼ 2.7%
Equity and liabilities €505k
Equity
€186k ▼ 6.8%
Debt
€319k ▲ 1,923%
Debt's share of the balance-sheet total rises from 7.3% to 63.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▲
2024 · €60k
Cash flow
€59k▲
2024 · €43k
Current ratio
2.75▼
2024 · 10.45
Debt to equity
1.72▲
2024 · 0.08
ROE
7.3%▼
2024 · 17.4%
ROA
2.7%▼
2024 · 16.2%
Interest coverage
29.65▲
2024 · 24.70
Debt ≤ 1 year
€58k▲
2024 · €16k
Debt > 1 year
€261k
Income taxes
€6k▼
2024 · €14k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€215k€505k▲
Fixed assets21/28€50k€344k▲
Tangible fixed assets22/27€50k€344k▲
Land and buildings22-€299k
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€907€0▼
Other tangible fixed assets26€42k€39k▼
Current assets29/58€165k€160k▼
Amounts receivable within one year40/41€13k€53k▲
Trade receivables40€13k€48k▲
Other amounts receivable41€0€5k▲
Cash at bank and in hand54/58€144k€102k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€215k€505k▲
Equity10/15€199k€186k▼
Contributions10/11€6k€6k=
Reserves13€180k€165k▼
Tax-exempt reserves132€13k€13k=
Distributable reserves133€167k€152k▼
Profit (loss) carried forward14€13k€15k▲
Amounts payable17/49€16k€319k▲
Amounts payable after more than one year17-€261k
Financial debts170/4-€261k
Amounts payable within one year42/48€16k€58k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€10k€45k▲
Suppliers440/4€10k€45k▲
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€45k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€61k€70k▲
Operating profit (loss)9901€51k€21k▼
Financial income75/76B€17€97▲
Recurring financial income75€17€97▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€49k€19k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€35k€14k▼
Profit (loss) for the period to be appropriated9905€35k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€27k▼
Profit (loss) brought forward from the previous period14P€13k€13k▲
Transfer from equity791/2€24k€27k▲
Transfer to equity691/2€35k€12k▼
To other reserves6921€35k€12k▼
Profit to be distributed694/7€24k€27k▲
Return on contributions (dividend)694€24k€27k▲
The notes to these accounts (6 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 | €6k | €4k | €5k | €9k | €45k | ▲ 424% |
| Other operating charges640/8 | €772 | €674 | €1k | €1k | €3k | ▲ 167% |
| Gross operating margin9900 | €42k | €34k | €61k | €61k | €70k | ▲ 14.6% |
| Operating profit (loss)9901 | €35k | €29k | €54k | €51k | €21k | ▼ 58.0% |
| Financial income75/76B | €277 | €0 | €12 | €17 | €97 | ▲ 485% |
| Recurring financial income75 | €277 | €0 | €12 | €17 | €97 | ▲ 485% |
| Financial charges65/66B | €168 | €174 | €2k | €2k | €2k | ▼ 6.8% |
| Recurring financial charges65 | €168 | €174 | €2k | €2k | €2k | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €35k | €29k | €52k | €49k | €19k | ▼ 60.3% |
| Income taxes67/77 | €8k | €8k | €14k | €14k | €6k | ▼ 58.4% |
| Profit (loss) for the period9904 | €27k | €21k | €38k | €35k | €14k | ▼ 61.1% |
| Profit (loss) for the period to be appropriated9905 | €27k | €21k | €38k | €35k | €14k | ▼ 61.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €155k | €201k | €215k | €505k | ▲ 135% |
| Fixed assets21/28 | €11k | €17k | €42k | €50k | €344k | ▲ 587% |
| Tangible fixed assets22/27 | €11k | €17k | €42k | €50k | €344k | ▲ 587% |
| Land and buildings22 | - | - | - | - | €299k | - |
| Plant, machinery and equipment23 | €0 | - | €9k | €7k | €6k | ▼ 15.5% |
| Furniture and vehicles24 | €2k | €6k | €3k | €907 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €9k | €11k | €30k | €42k | €39k | ▼ 8.0% |
| Current assets29/58 | €138k | €138k | €159k | €165k | €160k | ▼ 2.7% |
| Amounts receivable after more than one year29 | €18k | €0 | - | - | - | - |
| Other amounts receivable291 | €18k | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €12k | €13k | €15k | €13k | €53k | ▲ 299% |
| Trade receivables40 | €12k | €13k | €14k | €13k | €48k | ▲ 264% |
| Other amounts receivable41 | €0 | €468 | €931 | €0 | €5k | - |
| Cash at bank and in hand54/58 | €103k | €119k | €138k | €144k | €102k | ▼ 29.2% |
| Deferred charges and accrued income490/1 | €6k | €6k | €6k | €8k | €6k | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €155k | €201k | €215k | €505k | ▲ 135% |
| Equity10/15 | €129k | €151k | €188k | €199k | €186k | ▼ 6.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €113k | €134k | €169k | €180k | €165k | ▼ 8.3% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €99k | €121k | €156k | €167k | €152k | ▼ 9.0% |
| Profit (loss) carried forward14 | €10k | €10k | €13k | €13k | €15k | ▲ 11.6% |
| Amounts payable17/49 | €20k | €5k | €13k | €16k | €319k | ▲ 1,923% |
| Amounts payable after more than one year17 | - | - | - | - | €261k | - |
| Financial debts170/4 | - | - | - | - | €261k | - |
| Amounts payable within one year42/48 | €20k | €5k | €13k | €16k | €58k | ▲ 270% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9k | - |
| Trade debts44 | €4k | €3k | €789 | €10k | €45k | ▲ 371% |
| Suppliers440/4 | €4k | €3k | €789 | €10k | €45k | ▲ 371% |
| Taxes, remuneration and social security45 | €13k | €2k | €12k | €5k | €2k | ▼ 59.3% |
| Taxes450/3 | €13k | €2k | €12k | €5k | €2k | ▼ 59.3% |
| Other amounts payable47/48 | €2k | €0 | - | €1k | €2k | ▲ 66.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €21k | €38k | €35k | €14k | ▼ 61.1% |
| + Depreciation and write-downs630 | €6k | €4k | €5k | €9k | €45k | ▲ 424% |
| Operating cash flow (approximation) | €33k | €26k | €43k | €43k | €59k | ▲ 35.5% |
| Investment in fixed assets (approximation) | - | €-11k | €-31k | €-17k | €-339k | ▼ 1,956% |
| Change in cash | - | €17k | €18k | €6k | €-42k | ▼ 761% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €14k ▼61.1%
Net result drops to €14k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €38k ▲78.7%
Operating result €54k, net result €38k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 29.75
Current ratio from 7.07 to 29.75; short-term debt falls from €20k to €5k.
31-12
Financial
Equity above €150kEq €151k ▲16.4%
5 profitable years in a row build equity to €151k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €107k ▲18.7%
3 profitable years in a row build equity to €107k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 7.80
Current ratio from 3.18 to 7.80; short-term debt falls from €19k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Katelijne-Waver · 1 establishment unit since 2013
Ground area
2,901 m²
Building footprint
366 m²
Volume, LiDAR
930 m³
2 parcels, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Duffelstraat 48, 2860 Sint-Katelijne-Waver
since 20132.216.387.345
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035A0565/00P000 | Flanders | 1,536 m² | 1 · 164 m² | - |
| 12035A0136/00F000 | Flanders | 1,365 m² | 1 · 202 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,180 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
Founded25-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.