VA PROJECTS
ActiveSummary
VA PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.16M and a net result of €312k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+41
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 13.67 against 13.58 in 2024; short-term debt: 3.6% and cash: 1.9% of total assets), and 3.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
96.2%
Return on assets
13.9%
Age of the figures
18 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 · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-11-2025, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
29 d late
2023
15 d late
2022
2 d late
2021
30 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.16M▲ 16.9%
2024 · €1.85M
2019: €784k
2020: €1,000k
2021: €1.17M
2022: €1.31M
2023: €1.45M
2024: €1.85M
2019 → 2025
Total assets
€2.24M▲ 17.3%
2024 · €1.91M
2019: €1.42M
2020: €1.43M
2021: €1.52M
2022: €2.82M
2023: €1.51M
2024: €1.91M
2019 → 2025
Net result
€312k▼ 22.1%
2024 · €400k
2019: €20k
2020: €215k
2021: €166k
2022: €145k
2023: €148k
2024: €400k
2019 → 2025
Working capital
€1.03M▲ 26.9%
2024 · €810k
2019: €-229k
2020: €-7k
2021: €131k
2022: €300k
2023: €372k
2024: €810k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.31M▲ 12.1%€1.45M▲ 11.0%€1.85M▲ 27.2%€2.16M▲ 16.9%
Operating result€64k-€38k▼ 40.2%€54k▲ 40.4%€-36k€59k
Net result€166k-€145k▼ 12.9%€148k▲ 1.9%€400k▲ 171%€312k▼ 22.1%
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 returns to profit in 2025: €59k after a loss of €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.24M
Fixed assets
€1.13M ▲ 9.2%
Current assets
€1.11M ▲ 26.8%
Equity and liabilities €2.24M
Equity
€2.16M ▲ 16.9%
Debt
€86k ▲ 27.8%
Debt's share of the balance-sheet total rises from 3.5% to 3.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72k▲
2024 · €-25k
Cash flow
€324k▼
2024 · €412k
Current ratio
13.67▲
2024 · 13.58
Debt to equity
0.04▲
2024 · 0.04
ROE
14.4%▼
2024 · 21.7%
ROA
13.9%▼
2024 · 20.9%
Interest coverage
8.76▲
2024 · -4.88
Debt ≤ 1 year
€81k▲
2024 · €64k
Income taxes
€37k▲
2024 · €803
Staff costs
€62k▲
2024 · €52k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.91M€2.24M▲
Fixed assets21/28€1.04M€1.13M▲
Tangible fixed assets22/27€156k€252k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€47k€35k▼
Other tangible fixed assets26€106k€214k▲
Financial fixed assets28€882k€882k=
Current assets29/58€875k€1.11M▲
Stocks and contracts in progress3€20k-
Stocks30/36€20k-
Amounts receivable within one year40/41€833k€1.06M▲
Trade receivables40€24k€756▼
Other amounts receivable41€809k€1.06M▲
Cash at bank and in hand54/58€18k€43k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.91M€2.24M▲
Equity10/15€1.85M€2.16M▲
Contributions10/11€250k€250k=
Reserves13€1.60M€1.91M▲
Distributable reserves133€1.60M€1.91M▲
Profit (loss) carried forward14€317€866▲
Amounts payable17/49€67k€86k▲
Amounts payable within one year42/48€64k€81k▲
Trade debts44€25k€23k▼
Suppliers440/4€25k€23k▼
Taxes, remuneration and social security45€16k€47k▲
Taxes450/3€8k€40k▲
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48€23k€12k▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€32k€108k▲
Remuneration, social security and pensions62€52k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€34k-
Gross operating margin9900€66k€138k▲
Operating profit (loss)9901€-36k€59k▲
Financial income75/76B€442k€297k▼
Recurring financial income75€442k€297k▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€401k€348k▼
Income taxes67/77€803€37k▲
Profit (loss) for the period9904€400k€312k▼
Profit (loss) for the period to be appropriated9905€400k€312k▼
Appropriation of the result
Profit (loss) to be appropriated9906€400k€312k▼
Profit (loss) brought forward from the previous period14P€345€317▼
Transfer from equity791/2€25k-
Transfer to equity691/2€425k€311k▼
To other reserves6921€425k€311k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
31-03
Financial
Equity above €2MEq €2.16M ▲16.9%
7 profitable years in a row build equity to €2.16M.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
31-03
Financial
Highest result since 2019net €400k ▲171%
Net result €400k, the highest in the series.
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
31-03
Financial
Liquidity times 7current ratio 8.19
Current ratio from 1.20 to 8.19; short-term debt falls from €1.51M to €52k.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Equity above €1MEq €1.17M ▲16.6%
3 profitable years in a row build equity to €1.17M.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Veurne · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Booitshoekestraat 98630 VeurneGround area
1.5 ha
Building footprint
3,163 m²
Volume, LiDAR
1,137 m³
2 parcels, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
VA PROJECTS
since 20112.203.784.768
VA PROJECTS
since 20162.252.055.829
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0576/00A000 | Flanders | 1.0 ha | 1 · 2,958 m² | 3.2 m |
| 38005A0344/00H000 | Flanders | 4,905 m² | 1 · 206 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 82,562 companies in sector 70200 we hold annual accounts for 52,574. 19,282 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2011
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.