VAE VICTIS
ActiveSummary
VAE VICTIS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €555k and a net result of €109k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 47% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+44
Solvency67▲+14
Growth51▲+17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 0.78 in 2024; short-term debt: 55% and cash: 22.3% of total assets), but 58.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
41.7%
Return on assets
8.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €555k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 9 filingsDeviation from the deadline
2025
7 d late
2024
27 d late
2023
126 d early
2022
31 d early
2021
54 d late
2020
9 d late
2019
106 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.99M▲ 1.5%
2019 · €1.96M
2019: €1.96M
2019 → 2020
EBIT margin
1.6%▼ 6.5pp
2019 · 8.1%
2019: 8.1%
2019 → 2020
Net result
€109k▲ 392%
2024 · €22k
2018: €51k
2019: €106k
2020: €46k
2021: €-26k
2022: €48k
2023: €318k
2024: €22k
2018 → 2025
Working capital
€420k
2024 · €-245k
2018: €569k
2019: €603k
2020: €639k
2021: €288k
2022: €108k
2023: €587k
2024: €-245k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€490k-€501k▲ 2.4%€504k▲ 0.6%€526k▲ 4.4%€555k▲ 5.4%
Operating result€-39k-€77k€401k▲ 423%€32k▼ 91.9%€132k▲ 308%
Net result€-26k-€48k€318k▲ 568%€22k▼ 93.1%€109k▲ 392%
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 308% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€179k ▼ 82.4%
Current assets
€1.15M ▲ 32.8%
Equity and liabilities €1.33M
Equity
€555k ▲ 5.4%
Debt
€775k ▼ 42.9%
Debt's share of the balance-sheet total falls from 72.1% to 58.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137k▲
2024 · €37k
Cash flow
€114k▲
2024 · €27k
Current ratio
1.57▲
2024 · 0.78
Quick ratio
1.22▲
2024 · 0.54
Debt to equity
1.40▼
2024 · 2.58
ROE
19.6%▲
2024 · 4.2%
ROA
8.2%▲
2024 · 1.2%
Interest coverage
8.18▲
2024 · 1.76
Debt ≤ 1 year
€731k▼
2024 · €1.11M
Debt > 1 year
€34k▼
2024 · €231k
Income taxes
€5k
Staff costs
€100k▼
2024 · €189k
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€1.33M▼
Fixed assets21/28€1.02M€179k▼
Tangible fixed assets22/27€1.01M€176k▼
Plant, machinery and equipment23-€9k
Furniture and vehicles24€7k€3k▼
Assets under construction and advance payments27€1.01M€164k▼
Financial fixed assets28€2k€3k▲
Current assets29/58€867k€1.15M▲
Stocks and contracts in progress3€263k€263k=
Stocks30/36€52k€52k=
Contracts in progress37€211k€211k=
Amounts receivable within one year40/41€560k€592k▲
Trade receivables40€560k€572k▲
Other amounts receivable41-€20k
Current investments50/53€29k-
Cash at bank and in hand54/58€16k€297k▲
Deferred charges and accrued income490/1-€144
Equity and liabilities
Total equity and liabilities10/49€1.88M€1.33M▼
Equity10/15€526k€555k▲
Contributions10/11€26k€26k=
Capital10€26k€26k=
Issued capital100€26k€26k=
Reserves13€500k€529k▲
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Distributable reserves133€498k€526k▲
Amounts payable17/49€1.36M€775k▼
Amounts payable after more than one year17€231k€34k▼
Financial debts170/4€231k€34k▼
Amounts payable within one year42/48€1.11M€731k▼
Current portion of amounts payable after more than one year42€7k€44k▲
Financial debts43€87k€5k▼
Credit institutions430/8€37k€5k▼
Other loans439€50k-
Trade debts44€265k€418k▲
Suppliers440/4€265k€418k▲
Taxes, remuneration and social security45€148k€239k▲
Taxes450/3€128k€239k▲
Remuneration and social security454/9€19k-
Other amounts payable47/48€607k€25k▼
Accrued charges and deferred income492/3€13k€10k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€966k€2.16M▲
Remuneration, social security and pensions62€189k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€1k€9k▲
Gross operating margin9900€227k€246k▲
Operating profit (loss)9901€32k€132k▲
Financial income75/76B€11k€6k▼
Recurring financial income75€11k€6k▼
Non-recurring financial income76B-€6k
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€17k▼
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€22k€114k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€22k€109k▲
Profit (loss) for the period to be appropriated9905€22k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€109k▲
Transfer to equity691/2€22k€29k▲
To other reserves6921€22k€29k▲
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€55k
Directors or managers695-€25k
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
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 1.57
Current ratio from 0.78 to 1.57; short-term debt falls from €1.11M to €731k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €318k ▲568%
Operating result €401k, net result €318k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Equity above €500kEq €501k ▲2.4%
Equity rises from €490k to €501k.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Weakest financial yearnet €-26k ▼156%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
Show earlier events
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beerse · 1 establishment unit since 1994
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.
Ketelaarstraat 32340 BeerseGround area
7,792 m²
Building footprint
3,971 m²
Parcel 13004E0169/00V000, Flanders. Linked by address, not a title deed.
1 establishment unit
VAE VICTIS
since 19942.066.549.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004E0169/00V000 | Flanders | 7,792 m² | 1 · 3,971 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
STEVEN MAES
BE 0687.541.542
Avelgem · Eq €554,836
IMBOFISC
BE 0453.284.364
Gent · Eq €555,232
Pjotr Breynaert
BE 0685.657.069
Pajottegem · Eq €555,699
TOTAL CONSTRUCT
BE 0833.128.149
Charleroi · Eq €552,502
MECHELS RECYCLING EN RENTING COMPANY
BE 0452.108.585
Puurs-Sint-Amands · Eq €551,447
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,098 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
Founded21-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43990Other specialised construction activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.