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VB COORDINATION

Active
Public limited companyfounded 1982active for 43 yearsBroederspad 15, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0423.364.022
Summary

VB COORDINATION has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€739,735) and a net result of -€527. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422039.

Equity
-€739,735▼ 0.1%
2024 · -€739,207
Total assets
€201,282▲ 15,603%
2024 · €1,282
Net result
-€527▲ 9.6%
2023 · -€583
Working capital
-€203,265▼ 7,325%
2024 · -€2,738
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result is -€527 in 2025, compared with -€473 in 2023. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€527 2025 Net result-€527 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€692--€464▲ 33.0%-€464▼ 0.2%-€464=-€464=-€473▼ 1.9%-€527
Net result-€898--€510▲ 43.2%-€560▼ 9.7%-€464▲ 17.0%-€464=-€583▼ 25.6%-€527
Equity-€736,625--€737,135▼ 0.1%-€737,695▼ 0.1%-€738,159▼ 0.1%-€738,624▼ 0.1%-€739,207▼ 0.1%-€739,207=-€739,735▼ 0.1%
Total assets€1,534-€1,488▼ 3.0%€1,392▼ 6.4%€1,392=€1,392=€1,282▼ 7.9%€1,282=€201,282▲ 15,603%
Debt€738,159-€738,623▲ 0.1%€739,087▲ 0.1%€739,551▲ 0.1%€740,016▲ 0.1%€740,489▲ 0.1%€740,489=€941,016▲ 27.1%
Working capital-€156--€666▼ 328%-€1,225▼ 84.1%-€1,690▼ 37.9%-€2,154▼ 27.5%-€2,738▼ 27.1%-€2,738=-€203,265▼ 7,325%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
Assets €201,282
Fixed assets €200,000
Current assets €1,282
Equity and liabilities
Equity-€739,735
Debt€941,016
Equity is negative: debt (€941,016) exceeds the balance-sheet total (€201,282).
Key figures and ratios
2025 value · change against 2024
Solvency
-367.5%
Current ratio
0.01
ROA
-0.3%
Debt ≤ 1 year
€204,547▲
2024 · €4,019
Debt > 1 year
€736,470=
2024 · €736,470
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.001m€0.2m▲
Fixed assets21/28-€0.2m
Financial fixed assets28-€0.2m
Current assets29/58€0.001m€0.001m=
Cash at bank and in hand54/58€0.001m€0.001m=
Equity and liabilities
Total equity and liabilities10/49€0.001m€0.2m▲
Equity10/15-€0.7m-€0.7m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.2m€0.2m=
Non-distributable reserves130/1€0.003m€0.003m=
Legal reserve130€0.003m€0.003m=
Distributable reserves133€0.2m€0.2m=
Profit (loss) carried forward14-€1.0m-€1.0m▼
Amounts payable17/49€0.7m€0.9m▲
Amounts payable after more than one year17€0.7m€0.7m=
Other amounts payable178/9€0.7m€0.7m=
Amounts payable within one year42/48€0.004m€0.2m▲
Other amounts payable47/48€0.004m€0.2m▲
Income statement Code20242025
Other operating charges640/8-€462
Gross operating margin9900--€66
Operating profit (loss)9901--€0.001m
Profit (loss) for the period before taxes9903--€0.001m
Profit (loss) for the period9904--€0.001m
Profit (loss) for the period to be appropriated9905--€0.001m
Appropriation of the result
Profit (loss) to be appropriated9906-€1.0m-€1.0m▼
Profit (loss) brought forward from the previous period14P-€1.0m-€1.0m=

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Other operating charges640/8---€410€410€410-€462-
Gross operating margin9900-€233-€54-€55-€55-€55-€64--€66-
Operating profit (loss)9901-€692-€464-€464-€464-€464-€473--€527-
Financial charges65/66B-----€110---
Recurring financial charges65€205€46€95--€110---
Profit (loss) for the period before taxes9903-€898-€510-€560-€464-€464-€583--€527-
Profit (loss) for the period9904-€898-€510-€560-€464-€464-€583--€527-
Profit (loss) for the period to be appropriated9905-€898-€510-€560-€464-€464-€583--€527-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.002m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.2m▲ 15,603%
Fixed assets21/28-------€0.2m-
Financial fixed assets28-------€0.2m-
Current assets29/58€0.002m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m=
Cash at bank and in hand54/58€0.002m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m=
Equity and liabilities
Total equity and liabilities10/49€0.002m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.2m▲ 15,603%
Equity10/15-€0.7m-€0.7m-€0.7m-€0.7m-€0.7m-€0.7m-€0.7m-€0.7m▼ 0.1%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Non-distributable reserves130/1---€0.003m€0.003m€0.003m€0.003m€0.003m=
Legal reserve130---€0.003m€0.003m€0.003m€0.003m€0.003m=
Distributable reserves133---€0.2m€0.2m€0.2m€0.2m€0.2m=
Profit (loss) carried forward14-€1.0m-€1.0m-€1.0m-€1.0m-€1.0m-€1.0m-€1.0m-€1.0m▼ 0.1%
Amounts payable17/49€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.9m▲ 27.1%
Amounts payable after more than one year17€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m=
Other amounts payable178/9---€0.7m€0.7m€0.7m€0.7m€0.7m=
Amounts payable within one year42/48€0.002m€0.002m€0.003m€0.003m€0.004m€0.004m€0.004m€0.2m▲ 4,989%
Other amounts payable47/48---€0.003m€0.004m€0.004m€0.004m€0.2m▲ 4,989%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€898-€510-€560-€464-€464-€583--€527-
Operating cash flow (approximation)-€898-€510-€560-€464-€464-€583--€527-
Change in cash--€46-€95€0€0-€110€0€0-

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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Latest 10 of 43 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 25-08-2026 2026-00422039
31-12-2024 micro format 20-01-2026 2026-00010319
31-12-2023 micro format 01-10-2024 2024-00484537
31-12-2022 micro format 30-08-2023 2023-00429808
31-12-2021 micro format 30-08-2022 2022-20385849
31-12-2020 micro format 23-11-2021 2021-78100303
31-12-2019 micro format 23-11-2020 2020-71400505
31-12-2018 micro format 23-08-2019 2019-50200108
31-12-2017 micro format 31-10-2018 2018-71200093
31-12-2016 micro format 13-02-2018 2018-05000010

Show all 43 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.