VB Trade
ActiveSummary
VB Trade has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €23k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-9
Solvency68▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.86 in 2024; short-term debt: 54.7% and cash: 93.8% of total assets), but 56.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
14.1%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
55 d early
2023
28 d early
2022
27 d early
2021
26 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 14.9%
2024 · €82k
Total assets
€161k▼ 6.9%
2024 · €173k
Net result
€23k▼ 38.4%
2024 · €37k
Working capital
€70k▼ 7.9%
2024 · €76k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-15k€109k€67k▼ 38.8%€53k▼ 20.1%€35k▼ 34.5%
Net result€-16k€82k€47k▼ 42.8%€37k▼ 21.4%€23k▼ 38.4%
Equity€-737€57k€80k▲ 41.8%€82k▲ 2.5%€70k▼ 14.9%
Total assets€35k▼ 28.7%€125k▲ 258%€159k▲ 26.7%€173k▲ 9.1%€161k▼ 6.9%
Debt€36k▲ 5.8%€69k▲ 92.5%€79k▲ 14.3%€91k▲ 15.8%€91k▲ 0.3%
Working capital€-10k€40k€67k▲ 69.3%€76k▲ 12.9%€70k▼ 7.9%
Staff (FTE)22=2.7▲ 35.0%3▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€3k ▼ 64.8%
Current assets
€158k ▼ 3.7%
Equity and liabilities €161k
Equity
€70k ▼ 14.9%
Debt
€91k ▲ 0.3%
Debt's share of the balance-sheet total rises from 52.6% to 56.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €60k
Cash flow
€29k▼
2024 · €43k
Current ratio
1.79▼
2024 · 1.86
Debt to equity
1.31▲
2024 · 1.11
ROE
32.6%▼
2024 · 45.0%
ROA
14.1%▼
2024 · 21.3%
Interest coverage
16.30▼
2024 · 30.89
Debt ≤ 1 year
€88k▼
2024 · €88k
Income taxes
€10k▼
2024 · €14k
Staff costs
€97k▲
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | - | - | - |
| Remuneration, social security and pensions62 | €12k | €29k | €38k | €58k | €97k | ▲ 68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €6k | €6k | €6k | ▼ 9.6% |
| Other operating charges640/8 | €2k | €3k | €3k | €1k | €1k | ▼ 6.2% |
| Gross operating margin9900 | €3k | €145k | €114k | €118k | €139k | ▲ 17.0% |
| Operating profit (loss)9901 | €-15k | €109k | €67k | €53k | €35k | ▼ 34.5% |
| Financial income75/76B | €3 | €0 | €15 | - | €1 | - |
| Recurring financial income75 | €3 | €0 | €15 | - | €1 | - |
| Financial charges65/66B | €515 | €778 | €3k | €2k | €2k | ▲ 29.2% |
| Recurring financial charges65 | €515 | €778 | €3k | €2k | €2k | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | €-16k | €108k | €64k | €51k | €32k | ▼ 36.9% |
| Income taxes67/77 | €132 | €26k | €17k | €14k | €10k | ▼ 33.0% |
| Profit (loss) for the period9904 | €-16k | €82k | €47k | €37k | €23k | ▼ 38.4% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €82k | €47k | €37k | €23k | ▼ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €125k | €159k | €173k | €161k | ▼ 6.9% |
| Fixed assets21/28 | €14k | €19k | €15k | €9k | €3k | ▼ 64.8% |
| Intangible fixed assets21 | €11k | €10k | €9k | €5k | €1k | ▼ 76.7% |
| Tangible fixed assets22/27 | €2k | €8k | €6k | €4k | €2k | ▼ 50.4% |
| Plant, machinery and equipment23 | €936 | €4k | €3k | €2k | €1k | ▼ 44.5% |
| Furniture and vehicles24 | €1k | €4k | €3k | €2k | €732 | ▼ 57.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €21k | €107k | €144k | €164k | €158k | ▼ 3.7% |
| Stocks and contracts in progress3 | €5k | €12k | - | - | - | - |
| Stocks30/36 | €5k | €12k | - | - | - | - |
| Amounts receivable within one year40/41 | €4k | €4k | €20k | €12k | €5k | ▼ 56.5% |
| Trade receivables40 | €3k | €2k | €20k | €12k | €5k | ▼ 56.7% |
| Other amounts receivable41 | €1k | €2k | €9 | €14 | €36 | ▲ 167% |
| Cash at bank and in hand54/58 | €12k | €90k | €123k | €149k | €151k | ▲ 1.3% |
| Deferred charges and accrued income490/1 | €832 | €925 | €1k | €3k | €1k | ▼ 42.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €125k | €159k | €173k | €161k | ▼ 6.9% |
| Equity10/15 | €-737 | €57k | €80k | €82k | €70k | ▼ 14.9% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-13k | €45k | €62k | €64k | €51k | ▼ 19.2% |
| Amounts payable17/49 | €36k | €69k | €79k | €91k | €91k | ▲ 0.3% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €31k | €67k | €76k | €88k | €88k | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | - | - | - | - |
| Financial debts43 | - | €12k | - | - | - | - |
| Credit institutions430/8 | - | €12k | - | - | - | - |
| Trade debts44 | €10k | €14k | €8k | €5k | €5k | ▲ 11.4% |
| Suppliers440/4 | €10k | €14k | €8k | €5k | €5k | ▲ 11.4% |
| Advances received on contracts in progress46 | - | €2k | €2k | - | - | - |
| Taxes, remuneration and social security45 | €6k | €10k | €29k | €34k | €39k | ▲ 17.2% |
| Taxes450/3 | €4k | €6k | €24k | €26k | €25k | ▼ 3.0% |
| Remuneration and social security454/9 | €2k | €5k | €4k | €8k | €14k | ▲ 86.0% |
| Other amounts payable47/48 | €11k | €25k | €38k | €50k | €44k | ▼ 12.9% |
| Accrued charges and deferred income492/3 | €1k | €2k | €2k | €3k | €3k | ▲ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €82k | €47k | €37k | €23k | ▼ 38.4% |
| + Depreciation and write-downs630 | €4k | €5k | €6k | €6k | €6k | ▼ 9.6% |
| Operating cash flow (approximation) | €-12k | €87k | €54k | €43k | €29k | ▼ 34.2% |
| Investment in fixed assets (approximation) | - | €-10k | €-3k | €0 | €0 | - |
| Change in cash | - | €78k | €33k | €27k | €2k | ▼ 92.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.60
Current ratio from 0.69 to 1.60.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Maarkedal · 1 establishment unit since 2015
Ground area
697 m²
Building footprint
613 m²
Parcel 45011A0001/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
VB Trade
since 20152.247.546.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45011A0001/00K000 | Flanders | 697 m² | 1 · 613 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,954 companies in sector 47120 we hold annual accounts for 2,189. 1,532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.