VB Vastgoed
ActiveSummary
VB Vastgoed has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179k and a net result of €14k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-16
Solvency27▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.17 in 2024; short-term debt: 10.2% and cash: 0.2% of total assets), and 97.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
2.3%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 20%
← weakest
strongest →
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 25-07-2026, 6 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
6 d early
2024
11 d late
2023
28 d late
2022
9 d late
2021
29 d late
← 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, abbreviated schema
Equity
€179k▲ 8.4%
2024 · €165k
2021: €95klowest in 5 years
2022: €127k▲ +33.4% vs 2021
2023: €153k▲ +20.9% vs 2022
2024: €165k▲ +7.8% vs 2023
2025: €179k▲ +8.4% vs 2024highest in 5 years
2021 → 2025
Total assets
€7.72M▲ 180%
2024 · €2.76M
2021: €1.12Mlowest in 5 years
2022: €1.46M▲ +30.6% vs 2021
2023: €1.75M▲ +19.3% vs 2022
2024: €2.76M▲ +58.0% vs 2023
2025: €7.72M▲ +180% vs 2024highest in 5 years
2021 → 2025
Net result
€14k▲ 15.8%
2024 · €12k
2021: €60khighest in 5 years
2022: €32k▼ -47.0% vs 2021
2023: €26k▼ -16.8% vs 2022
2024: €12k▼ -54.9% vs 2023lowest in 5 years
2025: €14k▲ +15.8% vs 2024
2021 → 2025
Working capital
€-654k▲ 3.0%
2024 · €-674k
2021: €-143khighest in 5 years
2022: €-172k▼ -20.4% vs 2021
2023: €-354k▼ -106% vs 2022
2024: €-674k▼ -90.4% vs 2023lowest in 5 years
2025: €-654k▲ +3.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€127k▲ 33.4%€153k▲ 20.9%€165k▲ 7.8%€179k▲ 8.4%
2021: €95klowest in 5 years
2022: €127k▲ +33.4% vs 2021
2023: €153k▲ +20.9% vs 2022
2024: €165k▲ +7.8% vs 2023
2025: €179k▲ +8.4% vs 2024highest in 5 years
Operating result€108k-€71k▼ 33.7%€65k▼ 8.2%€72k▲ 9.4%€158k▲ 121%
2021: €108k
2022: €71k▼ -33.7% vs 2021
2023: €65k▼ -8.2% vs 2022lowest in 5 years
2024: €72k▲ +9.4% vs 2023
2025: €158k▲ +121% vs 2024highest in 5 years
Net result€60k-€32k▼ 47.0%€26k▼ 16.8%€12k▼ 54.9%€14k▲ 15.8%
2021: €60khighest in 5 years
2022: €32k▼ -47.0% vs 2021
2023: €26k▼ -16.8% vs 2022
2024: €12k▼ -54.9% vs 2023lowest in 5 years
2025: €14k▲ +15.8% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 121% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.72M
Fixed assets
€7.58M ▲ 189%
Current assets
€136k ▼ 1.4%
Equity and liabilities €7.72M
Equity
€179k ▲ 8.4%
Debt
€7.54M ▲ 190%
Debt's share of the balance-sheet total rises from 94.0% to 97.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€252k▲
2024 · €205k
Cash flow
€108k▼
2024 · €146k
Current ratio
0.17▲
2024 · 0.17
Debt to equity
42.21▲
2024 · 15.75
ROE
7.7%▲
2024 · 7.2%
ROA
0.2%▼
2024 · 0.4%
Interest coverage
1.81▼
2024 · 3.69
Debt ≤ 1 year
€790k▼
2024 · €812k
Debt > 1 year
€6.75M▲
2024 · €1.78M
Income taxes
€5k▲
2024 · €4k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.76M€7.72M▲
Fixed assets21/28€2.62M€7.58M▲
Tangible fixed assets22/27€2.54M€2.83M▲
Land and buildings22€2.53M€2.80M▲
Plant, machinery and equipment23€6k€777▼
Furniture and vehicles24-€28k
Financial fixed assets28€85k€4.75M▲
Current assets29/58€138k€136k▼
Amounts receivable within one year40/41€90k€117k▲
Trade receivables40€67k€56k▼
Other amounts receivable41€24k€62k▲
Cash at bank and in hand54/58€47k€18k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.76M€7.72M▲
Equity10/15€165k€179k▲
Contributions10/11€35k€35k=
Reserves13€130k€144k▲
Distributable reserves133€130k€144k▲
Amounts payable17/49€2.60M€7.54M▲
Amounts payable after more than one year17€1.78M€6.75M▲
Financial debts170/4€1.78M€6.75M▲
Amounts payable within one year42/48€812k€790k▼
Current portion of amounts payable after more than one year42€160k€496k▲
Financial debts43€21k€26k▲
Credit institutions430/8€21k€26k▲
Trade debts44€1k€86k▲
Suppliers440/4€1k€86k▲
Taxes, remuneration and social security45€23k€10k▼
Taxes450/3€23k€10k▼
Other amounts payable47/48€607k€172k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€134k€94k▼
Other operating charges640/8€15k€43k▲
Gross operating margin9900€220k€295k▲
Operating profit (loss)9901€72k€158k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€56k€140k▲
Recurring financial charges65€56k€140k▲
Profit (loss) for the period before taxes9903€16k€18k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€12k€14k▲
Profit (loss) for the period to be appropriated9905€12k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€14k▲
Transfer to equity691/2€12k€14k▲
To other reserves6921€12k€14k▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €39k | €55k | €134k | €94k | ▼ 29.6% |
| Other operating charges640/8 | €6k | €9k | €9k | €15k | €43k | ▲ 188% |
| Gross operating margin9900 | €146k | €119k | €130k | €220k | €295k | ▲ 34.1% |
| Operating profit (loss)9901 | €108k | €71k | €65k | €72k | €158k | ▲ 121% |
| Financial income75/76B | - | €0 | €0 | - | €3 | - |
| Recurring financial income75 | - | €0 | €0 | - | €3 | - |
| Financial charges65/66B | €26k | €29k | €29k | €56k | €140k | ▲ 151% |
| Recurring financial charges65 | €26k | €29k | €29k | €56k | €140k | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €82k | €42k | €36k | €16k | €18k | ▲ 15.8% |
| Income taxes67/77 | €22k | €11k | €10k | €4k | €5k | ▲ 15.8% |
| Profit (loss) for the period9904 | €60k | €32k | €26k | €12k | €14k | ▲ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €60k | €32k | €26k | €12k | €14k | ▲ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.46M | €1.75M | €2.76M | €7.72M | ▲ 180% |
| Fixed assets21/28 | €1.08M | €1.29M | €1.63M | €2.62M | €7.58M | ▲ 189% |
| Tangible fixed assets22/27 | €1.08M | €1.29M | €1.63M | €2.54M | €2.83M | ▲ 11.6% |
| Land and buildings22 | €1.08M | €1.29M | €1.62M | €2.53M | €2.80M | ▲ 10.7% |
| Plant, machinery and equipment23 | - | - | €12k | €6k | €777 | ▼ 88.0% |
| Furniture and vehicles24 | - | - | - | - | €28k | - |
| Financial fixed assets28 | - | - | - | €85k | €4.75M | ▲ 5,488% |
| Current assets29/58 | €42k | €171k | €117k | €138k | €136k | ▼ 1.4% |
| Amounts receivable within one year40/41 | €11k | €143k | €114k | €90k | €117k | ▲ 30.0% |
| Trade receivables40 | €11k | €34k | €5k | €67k | €56k | ▼ 16.4% |
| Other amounts receivable41 | €12 | €109k | €109k | €24k | €62k | ▲ 162% |
| Cash at bank and in hand54/58 | €31k | €27k | €2k | €47k | €18k | ▼ 62.1% |
| Deferred charges and accrued income490/1 | €526 | €658 | €1k | €1k | €1k | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.46M | €1.75M | €2.76M | €7.72M | ▲ 180% |
| Equity10/15 | €95k | €127k | €153k | €165k | €179k | ▲ 8.4% |
| Contributions10/11 | €35k | €35k | €35k | €35k | €35k | = |
| Reserves13 | €60k | €92k | €118k | €130k | €144k | ▲ 10.6% |
| Distributable reserves133 | €60k | €92k | €118k | €130k | €144k | ▲ 10.6% |
| Amounts payable17/49 | €1.03M | €1.34M | €1.59M | €2.60M | €7.54M | ▲ 190% |
| Amounts payable after more than one year17 | €841k | €995k | €1.12M | €1.78M | €6.75M | ▲ 278% |
| Financial debts170/4 | €841k | €995k | €1.12M | €1.78M | €6.75M | ▲ 278% |
| Amounts payable within one year42/48 | €185k | €343k | €471k | €812k | €790k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €82k | €100k | €102k | €160k | €496k | ▲ 209% |
| Financial debts43 | €65k | €6k | €6k | €21k | €26k | ▲ 24.1% |
| Credit institutions430/8 | - | €6k | €6k | €21k | €26k | ▲ 24.1% |
| Other loans439 | €65k | - | - | - | - | - |
| Trade debts44 | €169 | €302 | €110k | €1k | €86k | ▲ 8,213% |
| Suppliers440/4 | €169 | €302 | €110k | €1k | €86k | ▲ 8,213% |
| Taxes, remuneration and social security45 | €28k | €27k | €15k | €23k | €10k | ▼ 56.5% |
| Taxes450/3 | €28k | €27k | €15k | €23k | €10k | ▼ 56.5% |
| Other amounts payable47/48 | €10k | €210k | €239k | €607k | €172k | ▼ 71.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60k | €32k | €26k | €12k | €14k | ▲ 15.8% |
| + Depreciation and write-downs630 | €32k | €39k | €55k | €134k | €94k | ▼ 29.6% |
| Operating cash flow (approximation) | €92k | €71k | €82k | €146k | €108k | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | €-254k | €-392k | €-1.13M | €-5.05M | ▼ 348% |
| Change in cash | - | €-4k | €-25k | €44k | €-29k | ▼ 166% |
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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet €12k ▼54.9%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Equity above €150kEq €153k ▲20.9%
3 profitable years in a row build equity to €153k.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
31-12
Financial
Equity above €100kEq €127k ▲33.4%
2 profitable years in a row build equity to €127k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lier · 1 establishment unit since 2020
Ground area
6,283 m²
Building footprint
3,976 m²
Volume, LiDAR
19,194 m³
Parcel 12392A0460/00_000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VB Vastgoed
since 20202.302.366.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0460/00_000 | Flanders | 6,283 m² | 1 · 3,976 m² | 7.3 m · 2 fl. |
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 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,734 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
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
bvvbvastgoed@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.