VB COORDINATION
ActiveSummary
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).
Overview
- Equity
- -€739,735
- Loss
- -€527
- Parent
- VITOL HOLDING B.V.
- Greetje Di PassioManaging director
Why 53raises riskCapped at 59: negative equityLast filed accounts filed 25 days late; 2 of the last 3 lateNegative equity -€739,735lowers riskSize: total assets €201,282Founded in 1982Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 4% on liquidity, 27% on profitability and 46% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Reappointment: Greetje Di Passio (director)Resignation: NV BELEGGINGSCOMPANY (director) ·…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
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.
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.2m | ▲ 157× |
| 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 | ▲ 157× |
| 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 | ▲ 51× |
| Other amounts payable47/48 | - | - | - | €0.003m | €0.004m | €0.004m | €0.004m | €0.2m | ▲ 51× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Greetje Di Passio |
|
| NV Beleggingscompany |
|
Owners and capital
Owners
1 ownerChain of control
- VITOL HOLDING B.V.NL
- VB COORDINATION
Highest known parent: VITOL HOLDING B.V. (Netherlands). The sources do not say who stands above it.
Owners 1
- VITOL HOLDING B.V.NLconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-10
Gazette deed
Reappointment: Greetje Di Passio (director)Resignation: NV BELEGGINGSCOMPANY (director) · Permanent representative: Liliane Van der Perre · Declaration9 facts ▸
- General meeting, 01-07-2026
- Director reappointment, Greetje Di Passio (director (not named in the articles))
- Director resignation, NV BELEGGINGSCOMPANY (director (not named in the articles))
- Permanent representative, Liliane Van der Perre (vaste vertegenwoordiger belast met de uitvoering van zijn bestuursmandaat in naam en voor rekening van de rechtspersoon)
- Declaration, “algemene vergadering, kennisname en akkoord ontslag vaste vertegenwoordiger” (deed in Dutch)
- Board meeting, 01-07-2026
- Director reappointment, Greetje Di Passio (managing director)
- Director resignation, NV BELEGGINGSCOMPANY (managing director)
- Declaration, “bestuursorgaan, kennisname en akkoord ontslag vaste vertegenwoordiger” (deed in Dutch)
10-03
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 07-02-2023
- Registered-office move, Broederspad 15, 3550 Heusden-Zolder
- Director in office, Greetje Di Passio (managing director)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71462D0579/00C003 | Flanders | 4,151 m² | 1 · 343 m² | 8.6 m · 2 |
| 71462D0341/00T000 | Flanders | 488 m² | 1 · 324 m² | 13.7 m · 4 |