Equity
VB.I has made a profit without a break since 2016.
VB.I has made a profit without a break since 2016.
Of this, €1.1m falls due within a year.
Ten of the last ten came late. The 2022 accounts came latest: 141 days after the end of the period.
In July 2024, 4,107 companies had the same profile as VB.I has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for VB.I. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
VB.I files the micro format. That format states no turnover. The gross margin rose from -€49,205 in 2010 to €79,449 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €150,000 and €410,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
2.0m | 2.0m | 2.1m | 2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.4m | 2.5m | 2.0m | 584,618 | 573,032 | 552,208 | |
21/28 |
2.0m | 2.0m | 2.1m | 2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.4m | 2.5m | 1.7m | 459,748 | 458,788 | 459,077 | |
22/27 |
2.0m | 2.0m | 2.1m | 2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.4m | 2.5m | 1.7m | 458,498 | 458,788 | 459,077 | |
22 |
2.0m | 2.0m | 2.1m | 2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.4m | 2.5m | 458,208 | 458,498 | 458,788 | 459,077 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | 1.3m | - | - | - | |
28 |
- | - | - | - | - | - | - | - | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | - | |
29/58 |
34,042 | 30,786 | 31,164 | 25,672 | 26,988 | 24,983 | 21,916 | 14,336 | 12,263 | 13,416 | 6,784 | 32,913 | 275,076 | 124,870 | 114,245 | 93,131 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | 68,952 | 42,795 | 14,080 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | 68,952 | 42,795 | 14,080 | - | |
40/41 |
10,616 | 7,403 | 0 | 1,341 | 1,341 | 1,341 | 1,341 | 280 | - | - | - | 4,016 | 142 | 282 | 502 | 295 | |
40 |
- | - | 0 | 1,341 | 1,341 | 1,341 | 1,341 | 280 | - | - | - | 3,867 | - | - | - | - | |
41 |
10,616 | 7,403 | - | - | - | - | - | - | - | - | - | 149 | 142 | 282 | 502 | 295 | |
50/53 |
0 | 329 | 329 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
23,425 | 23,055 | 30,415 | 24,331 | 20,884 | 23,642 | 20,574 | 14,056 | 12,263 | 13,416 | 6,784 | 28,896 | 205,983 | 81,794 | 99,664 | 92,836 | |
490/1 |
- | 0 | 420 | 0 | 4,762 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
2.0m | 2.0m | 2.1m | 2.1m | 2.2m | 2.2m | 2.3m | 2.3m | 2.4m | 2.4m | 2.4m | 2.5m | 2.0m | 584,618 | 573,032 | 552,208 | |
10/15 |
381,464 | 374,764 | 365,691 | 350,180 | 338,957 | 329,519 | 328,762 | 287,580 | 269,480 | 262,961 | 222,092 | 224,060 | 234,659 | 243,961 | 248,960 | 264,293 | |
10/11 |
336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | |
100 |
- | - | - | - | - | - | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | 336,000 | |
13 |
45,464 | 38,764 | 29,691 | 14,180 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
45,464 | 38,764 | 29,691 | 14,180 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | 0 | 2,957 | -6,481 | -7,238 | -48,420 | -66,520 | -73,039 | -113,908 | -111,940 | -101,341 | -92,039 | -87,040 | -71,707 | |
17/49 |
1.6m | 1.7m | 1.7m | 1.8m | 1.8m | 1.9m | 2.0m | 2.0m | 2.1m | 2.2m | 2.2m | 2.3m | 1.8m | 340,657 | 324,073 | 287,915 | |
17 |
369,167 | 412,500 | 455,833 | 499,167 | 542,500 | 629,167 | 672,500 | 715,833 | 748,333 | 791,667 | 835,000 | 889,167 | 1.3m | - | - | - | |
170/4 |
369,167 | 412,500 | 455,833 | 499,167 | 542,500 | 629,167 | 672,500 | 715,833 | 748,333 | 791,667 | 835,000 | 889,167 | 1.3m | - | - | - | |
42/48 |
1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.1m | 386,049 | 315,890 | 311,778 | 267,253 | |
42 |
43,333 | 43,333 | 43,333 | 43,333 | 43,333 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
2,357 | 1,083 | 2,059 | 1,387 | 11,601 | 1,723 | 306 | 33,786 | 62,166 | 56,503 | 82,654 | 90,874 | 73,473 | 4,002 | - | 1,337 | |
440/4 |
2,357 | 1,083 | 2,059 | 1,387 | 11,601 | 1,723 | 306 | 33,786 | 62,166 | 56,503 | 82,654 | 90,874 | 73,473 | 4,002 | - | 1,337 | |
45 |
5,856 | 9,064 | 8,917 | 3,270 | - | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
5,856 | 9,064 | 8,917 | 3,270 | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 312,576 | 311,889 | 311,778 | 265,916 | |
492/3 |
108,905 | 113,405 | 125,405 | 137,405 | 149,580 | 161,405 | 173,405 | 185,405 | 197,405 | 209,405 | 221,405 | 233,405 | 125,135 | 24,766 | 12,295 | 20,661 | |
| Income statement | |||||||||||||||||
9900 |
79,449 | 75,377 | 84,052 | 76,720 | 71,992 | 66,478 | 106,165 | 82,064 | 72,142 | 106,895 | 66,921 | 54,351 | 22,638 | 8,306 | -1,460 | -49,205 | |
630 |
48,452 | 48,452 | 48,452 | 48,262 | 48,262 | 48,260 | 48,260 | 48,260 | 48,260 | 48,191 | 47,473 | 47,212 | 290 | 290 | 290 | 579 | |
640/8 |
12,069 | 11,731 | 11,261 | 10,274 | 10,172 | 10,983 | 9,461 | 9,288 | 9,114 | 8,956 | 9,161 | 1,790 | 1,772 | 1,834 | 2,570 | 3,152 | |
9901 |
18,928 | 15,195 | 24,339 | 18,184 | 13,558 | 7,236 | 48,443 | 24,516 | 14,768 | 49,748 | 10,287 | 5,349 | 20,576 | 6,182 | -4,320 | -52,936 | |
75/76B |
0 | 2 | - | - | - | - | - | - | 0 | 0 | 74 | 320 | 568 | 1,341 | 1,378 | 1,967 | |
75 |
0 | 2 | - | - | - | - | - | - | 0 | 0 | 74 | 320 | 568 | 1,341 | 1,378 | 1,967 | |
65/66B |
9,789 | 2,707 | 3,182 | 3,690 | 4,120 | 6,478 | 7,262 | 6,416 | 8,249 | 8,879 | 12,329 | 16,268 | 30,446 | 12,522 | 12,392 | 20,737 | |
65 |
9,789 | 2,707 | 3,182 | 3,690 | 4,120 | 6,478 | 7,262 | 6,416 | 8,249 | 8,879 | 12,329 | 16,268 | 30,446 | 12,522 | 12,392 | 20,737 | |
9903 |
9,139 | 12,490 | 21,158 | 14,493 | 9,438 | 757 | 41,181 | 18,100 | 6,519 | 40,870 | -1,968 | -10,599 | -9,302 | -4,998 | -15,334 | -71,707 | |
67/77 |
2,439 | 3,417 | 5,646 | 3,270 | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | |
9904 |
6,700 | 9,073 | 15,511 | 11,223 | 9,438 | 757 | 41,181 | 18,100 | 6,519 | 40,870 | -1,968 | -10,599 | -9,302 | -4,998 | -15,334 | -71,707 | |
9905 |
6,700 | 9,073 | 15,511 | 11,223 | 9,438 | 757 | 41,181 | 18,100 | 6,519 | 40,870 | -1,968 | -10,599 | -9,302 | -4,998 | -15,334 | -71,707 | |
| Appropriation of the result | |||||||||||||||||
9906 |
6,700 | 9,073 | 15,511 | 14,180 | 2,957 | -6,481 | -7,238 | -48,420 | -66,520 | -73,039 | -113,908 | -111,940 | -101,341 | -92,039 | -87,040 | -71,707 | |
14P |
- | - | 0 | 2,957 | -6,481 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
6,700 | 9,073 | 15,511 | 14,180 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
6,700 | 9,073 | 15,511 | 14,180 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00456804.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00456804 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00502486 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00373193 | |
| 31-12-2022 | micro format | 19-12-2023 | 2023-00530478 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20342961 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69600411 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65600567 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56900281 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58700509 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58200464 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-54700460 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54400523 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-53800373 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-53400540 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-50700145 | |
| 31-12-2010 | abbreviated format | 20-07-2011 | 2011-31800169 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67,380 | 63,646 | 72,791 | 66,446 | 61,820 | 55,496 | 96,703 | 72,776 | 63,028 | 97,939 | 57,760 | 52,561 | 20,866 | 6,472 | -4,030 | -52,357 | ||
| 55,152 | 57,524 | 63,963 | 59,485 | 57,700 | 49,017 | 89,442 | 66,360 | 54,779 | 89,060 | 45,505 | 36,613 | -9,012 | -4,709 | -15,044 | -71,127 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,250 | 3,462 | 18,691 | 22,311 | 781,902 | 1.3m | 1,250 | 0 | 459,657 | ||
| 371 | -7,360 | 6,084 | 3,447 | -2,758 | 3,067 | 6,518 | 1,793 | -1,153 | 6,633 | -22,113 | -177,086 | 124,189 | -17,870 | 6,828 | - | ||
| -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.2m | -1.1m | -110,973 | -191,020 | -197,533 | -174,123 | ||
| 19.1% | 18.3% | 17.4% | 16.4% | 15.5% | 14.7% | 14.4% | 12.4% | 11.4% | 10.9% | 9.1% | 9.0% | 11.8% | 41.7% | 43.4% | 47.9% | ||
| 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.71 | 0.40 | 0.37 | 0.35 | ||
| 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.53 | 0.26 | 0.32 | 0.35 | ||
| 4.25 | 4.46 | 4.73 | 5.11 | 5.46 | 5.78 | 5.94 | 7.07 | 7.79 | 8.18 | 9.97 | 10.11 | 7.51 | 1.40 | 1.30 | 1.09 | ||
| 1.8% | 2.4% | 4.2% | 3.2% | 2.8% | 0.2% | 12.5% | 6.3% | 2.4% | 15.5% | -0.9% | -4.7% | -4.0% | -2.0% | -6.2% | -27.1% | ||
| 0.3% | 0.4% | 0.7% | 0.5% | 0.4% | 0.0% | 1.8% | 0.8% | 0.3% | 1.7% | -0.1% | -0.4% | -0.5% | -0.9% | -2.7% | -13.0% | ||
| 6.88 | 23.51 | 22.88 | 18.00 | 15.01 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €950,000 | €950,000 | €950,000 | - | €950,000 |
| Carrying value of the mortgaged assets | €2.0m | €2.0m | €2.1m | - | €2.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is 25% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 81.7% to 80.9%. Equity is higher and debt is lower.
VB.I has no parent and no holdings in its annual accounts. VB.I shares no director with another company.
| DERTIEN-ACHT
establishment since 06-09-2006 · founded in 2006 |
total assets €1.9m (2025) 0883.202.420 |
| Bouwbijstand
registered office since 28-02-2020 · founded in 2020 · negative equity (2023) · accounts filed late |
total assets €5,587 (2023) 0744.582.688 |
| Medok
registered office since 23-09-2026 |
founded in 2026 1042.912.029 |
| Vanden Berghe, Jan (sole trader)
establishment since 05-10-2021 |
founded in 2021 0776.396.512 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Westlaan 140 registered office 8800 Roeselare 64210 Activities of holding companies | 15-01-2009 | 2.177.611.594 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36503C1285/00M000 | 1,961 m² | 1 · 979 m² | 9.4 m · 3 |
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