Skip to content

VB Belgium

Active
Public limited companyfounded 198739 yrs activeIndustrieweg 10, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0430.637.537
Summary

VB Belgium has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€698,733. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
VB BelgiumActiveChecked score 80/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23610NACE 26610
#4 employer in Tongeren-Borgloon, Manufacturing sector1 site
Size
€11.4mturnover 2025
Staff
41.3 FTE
Equity
€2.9m
Loss
-€698,733
Financial health
80 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Parent
GROUP VB BETON · 100%
Accounts 2 d early0 of 15 deeds read
Why 80- Liquidity: current ratio 1.15, cash €283,043- Size: turnover €11.4m, 41.3 FTE, total assets €12.1m- Loss of €698,733, the second in a row (FY 2025)+ Sector Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (NACE 23, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 49-3
equity 24.3% of total assets
Liquidity 34-2
short-term debt 39.8% · cash 2.3%
Profitability 31-6
return on assets -5.8%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (235 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▼ -4.4% vs 01-2025lowest value 03-2025: 0.2%▲ +1.7% vs 02-2025 04-2025: 0.2%▼ -1.7% vs 03-2025lowest value 05-2025: 0.2%▲ +5.7% vs 04-2025 06-2025: 0.2%▲ +0.5% vs 05-2025 07-2025: 0.2%▲ +25.4% vs 06-2025 08-2025: 0.4%▲ +72.4% vs 07-2025 09-2025: 0.2%▼ -44.3% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -4.0% vs 01-2026 03-2026: 0.2%▲ +1.4% vs 02-2026 04-2026: 0.2%▲ +2.3% vs 03-2026 05-2026: 0.2%▲ +5.0% vs 04-2026 06-2026: 0.2%▲ +2.6% vs 05-2026 07-2026: 0.2%▼ -4.2% vs 06-2026 08-2026: 0.4%▲ +86.0% vs 07-2026highest value 09-2026: 0.4%● 0.0% vs 08-2026highest value 10-2026: 0.4%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 1.15, cash €283,043 raises the probability
  • Size: turnover €11.4m, 41.3 FTE, total assets €12.1m raises the probability for this profile
  • Loss of €698,733, the second in a row (FY 2025) raises the probability
  • Sector Manufacture of other non-metallic mineral products (NACE 23) lowers the probability
Credit up to €230,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.84 in 2024; short-term debt: 39.8% and cash: 2.3% of total assets), and 75.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 23, small). Better than this share of them on solvency 24%, liquidity 29%, profitability 13%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.15, cash €283,043
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: turnover €11.4m, 41.3 FTE, total assets €12.1m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Loss of €698,733, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Manufacture of other non-metallic mineral products (NACE 23)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€698,733
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 336 sector peers (2025).
NBB · sector comparison
Position among 336 sector peers
Solvency
better than 20%
← weakest strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
7 d late
2023
15 d early
2022
11 d early
2021
24 d early
2020
36 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.

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. Usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€698,733
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: Among the weakest 9% on net resultsector median €113,760 · 336 companies -€698,733 View
  • Controlled by GROUP VB BETONultimately: CERRI-GROUP 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€698,733 View
  • Caution: Result fell in 2025from -€531,068 to -€698,733 ▼ 31.6% View

By topic

Financials

Fiscal year
2025
Turnover
€11.4m
Loss
-€698,733
Solvency
24.3%
Turnover▼ 2.5%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 07-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23610
Founded
12-03-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure