VB PROJECT CONSULTING
ActiveSummary
The computed 12-month bankruptcy probability of VB PROJECT CONSULTING is 2.5% (moderate). The 2024 annual accounts show equity of €205k and a net result of €26k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-45
Solvency67▼-11
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.71 in 2023; short-term debt: 58% and cash: 3.3% of total assets), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
121 d late
2022
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€205k▲ 14.4%
2023 · €179k
2022: €134k
2023: €179k
2022 → 2024
Total assets
€488k▲ 43.0%
2023 · €341k
2022: €226k
2023: €341k
2022 → 2024
Net result
€26k▼ 43.2%
2023 · €45k
2022: €134k
2023: €45k
2022 → 2024
Working capital
€171k▲ 48.5%
2023 · €115k
2022: €113k
2023: €115k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€134k-€179k▲ 34.0%€205k▲ 14.4%
Operating result€264k-€84k▼ 68.3%€-21k
Net result€134k-€45k▼ 66.0%€26k▼ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €21k after €84k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €488k
Fixed assets
€34k ▼ 46.9%
Current assets
€454k ▲ 63.8%
Equity and liabilities €488k
Equity
€205k ▲ 14.4%
Debt
€283k ▲ 74.6%
Debt's share of the balance-sheet total rises from 47.5% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €104k
Cash flow
€56k▼
2023 · €66k
Current ratio
1.60▼
2023 · 1.71
Debt to equity
1.38▲
2023 · 0.90
ROE
12.6%▼
2023 · 25.4%
ROA
5.3%▼
2023 · 13.3%
Interest coverage
0.82▼
2023 · 4.99
Debt ≤ 1 year
€283k▲
2023 · €162k
Income taxes
€12k▼
2023 · €17k
Staff costs
€99k▲
2023 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€341k€488k▲
Fixed assets21/28€64k€34k▼
Tangible fixed assets22/27€64k€34k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€59k€31k▼
Current assets29/58€277k€454k▲
Amounts receivable within one year40/41€250k€437k▲
Trade receivables40€247k€425k▲
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€27k€16k▼
Equity and liabilities
Total equity and liabilities10/49€341k€488k▲
Equity10/15€179k€205k▲
Profit (loss) carried forward14€179k€205k▲
Amounts payable17/49€162k€283k▲
Amounts payable within one year42/48€162k€283k▲
Trade debts44€68k€253k▲
Suppliers440/4€68k€253k▲
Taxes, remuneration and social security45€69k€30k▼
Taxes450/3€55k€30k▼
Remuneration and social security454/9€14k-
Other amounts payable47/48€25k-
Income statement
Code20232024
Remuneration, social security and pensions62€80k€99k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€30k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€190k€113k▼
Operating profit (loss)9901€84k€-21k▼
Financial income75/76B€18€70k▲
Recurring financial income75€18€70k▲
Financial charges65/66B€21k€11k▼
Recurring financial charges65€21k€11k▼
Profit (loss) for the period before taxes9903€63k€38k▼
Income taxes67/77€17k€12k▼
Profit (loss) for the period9904€45k€26k▼
Profit (loss) for the period to be appropriated9905€45k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€205k▲
Profit (loss) brought forward from the previous period14P€134k€179k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €26k ▼43.2%
Net result drops to €26k, the lowest in the series.
31-12
Financial
Equity above €200kEq €205k ▲14.4%
3 profitable years in a row build equity to €205k.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial
Equity above €150kEq €179k ▲34%
2 profitable years in a row build equity to €179k.
22-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Asse · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 1181730 AsseGround area
1.2 ha
Building footprint
2,449 m²
Volume, LiDAR
16,381 m³
2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VB PROJECT CONSULTING
since 20212.325.002.896
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0049/00Z005 | Flanders | 1.1 ha | 1 · 2,214 m² | 14.5 m · 2 fl. |
| 24023B0210/00F000 | Flanders | 1,050 m² | 1 · 235 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
DOOMS KAREL
BE 0475.672.756
Waregem · Eq €205,016
A.I.N INTERNATIONAL
BE 0873.598.331
Grimbergen · Eq €205,117
F.G.M.
BE 0475.639.401
Frameries · Eq €205,232
SIERSCHOUWEN MVB MOERMAN
BE 0465.643.055
Waregem · Eq €205,241
EXTERIEUR
BE 0449.449.401
Zonhoven · Eq €204,390
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,825 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43422Screed work
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.