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VAM-Projects

Active
Private limited companyfounded 20233 yrs activeWachelbergen 51, 2990 Wuustwezel, BelgiumKBO/BCE: BE 1000.078.809
Summary

The computed 12-month bankruptcy probability of VAM-Projects is 2.4% (moderate). The 2024 annual accounts show equity of €92,932 and a net result of €91,432. Its solvency ranks better than 40% of 177 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability93
Solvency45
Growth-
Track record79
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.03; short-term debt: 13.1% and cash: 3.7% of total assets), and 80.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 33 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VAM-Projects was incorporated on 20 September 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€92,932
Total assets
€472,491
Net result
€91,432
Working capital
€2,149

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €472,491
Fixed assets €408,537
Current assets €63,955
Equity and liabilities €472,491
Equity €92,932
Debt €379,559
Debt finances 80.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€161,071
Cash flow
€134,862
Current ratio
1.03
Debt to equity
4.08
ROE
98.4%
ROA
19.4%
Interest coverage
16.30
Debt ≤ 1 year
€61,806
Debt > 1 year
€317,754
Income taxes
€16,643

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.1% went bankrupt
0.9% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,602 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 46 lines
Balance sheet Code2024
Assets
Total assets20/58€472,491
Fixed assets21/28€408,537
Intangible fixed assets21€1,761
Tangible fixed assets22/27€406,328
Land and buildings22€313,169
Plant, machinery and equipment23€5,221
Furniture and vehicles24€3,588
Leasing and similar rights25€82,702
Other tangible fixed assets26€1,649
Financial fixed assets28€448
Current assets29/58€63,955
Amounts receivable within one year40/41€34,750
Trade receivables40€28,852
Other amounts receivable41€5,897
Cash at bank and in hand54/58€17,549
Deferred charges and accrued income490/1€11,656
Equity and liabilities
Total equity and liabilities10/49€472,491
Equity10/15€92,932
Contributions10/11€1,500
Reserves13€91,432
Distributable reserves133€91,432
Amounts payable17/49€379,559
Amounts payable after more than one year17€317,754
Financial debts170/4€317,754
Amounts payable within one year42/48€61,806
Current portion of amounts payable after more than one year42€30,355
Trade debts44€15,272
Suppliers440/4€15,272
Taxes, remuneration and social security45€3,368
Taxes450/3€3,368
Other amounts payable47/48€12,811
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,430
Other operating charges640/8€1,015
Gross operating margin9900€162,086
Operating profit (loss)9901€117,641
Financial income75/76B€317
Recurring financial income75€317
Financial charges65/66B€9,882
Recurring financial charges65€9,882
Profit (loss) for the period before taxes9903€108,075
Income taxes67/77€16,643
Profit (loss) for the period9904€91,432
Profit (loss) for the period to be appropriated9905€91,432
Appropriation of the result
Profit (loss) to be appropriated9906€91,432
Transfer to equity691/2€91,432
To other reserves6921€91,432

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,430
Other operating charges640/8€1,015
Gross operating margin9900€162,086
Operating profit (loss)9901€117,641
Financial income75/76B€317
Recurring financial income75€317
Financial charges65/66B€9,882
Recurring financial charges65€9,882
Profit (loss) for the period before taxes9903€108,075
Income taxes67/77€16,643
Profit (loss) for the period9904€91,432
Profit (loss) for the period to be appropriated9905€91,432
Line2024
Assets
Total assets20/58€472,491
Fixed assets21/28€408,537
Intangible fixed assets21€1,761
Tangible fixed assets22/27€406,328
Land and buildings22€313,169
Plant, machinery and equipment23€5,221
Furniture and vehicles24€3,588
Leasing and similar rights25€82,702
Other tangible fixed assets26€1,649
Financial fixed assets28€448
Current assets29/58€63,955
Amounts receivable within one year40/41€34,750
Trade receivables40€28,852
Other amounts receivable41€5,897
Cash at bank and in hand54/58€17,549
Deferred charges and accrued income490/1€11,656
Equity and liabilities
Total equity and liabilities10/49€472,491
Equity10/15€92,932
Contributions10/11€1,500
Reserves13€91,432
Distributable reserves133€91,432
Amounts payable17/49€379,559
Amounts payable after more than one year17€317,754
Financial debts170/4€317,754
Amounts payable within one year42/48€61,806
Current portion of amounts payable after more than one year42€30,355
Trade debts44€15,272
Suppliers440/4€15,272
Taxes, remuneration and social security45€3,368
Taxes450/3€3,368
Other amounts payable47/48€12,811
Line2024
Profit (loss) for the period9904€91,432
+ Depreciation and write-downs630€43,430
Operating cash flow (approximation)€134,862

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Wuustwezel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
568 m²
Building footprint
134 m²
Volume, LiDAR
540 m³
Parcel 11053C0470/00A004, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VAM-Projects
Wachelbergen 51, 2990 WuustwezelManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20232.350.120.750
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11053C0470/00A004 Flanders 568 m² 1 · 134 m² 5.4 m · 1 fl.
Linked by address, not proof of ownership
Good to know
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

Of 629 companies in sector 22240 we hold annual accounts for 360. 259 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
Founded20-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
16110Sawmilling and planing of wood
43320Joinery installation
43990Other specialised construction activities
82920Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000078809
Also 9925:BE1000078809
Registered 10-01-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.