VB@WORK
ActiveSummary
VB@WORK has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,375 and a net result of €23,385. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 6.54 against 10.81 in 2024; short-term debt: 14.5% and cash: 82.2% of total assets), and 14.5% of the assets are financed with debt.
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Signals
Four 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
85.5%
Return on assets
19.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
29 d late
2022
33 d late
2021
30 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€102,375▼ 10.8%
2024 · €114,740
Total assets
€119,721▼ 5.1%
2024 · €126,192
Net result
€23,385▼ 30.3%
2024 · €33,533
Working capital
€96,146▼ 14.4%
2024 · €112,297
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€37,133▲ 87.2%€33,494▼ 9.8%€17,256▼ 48.5%€52,304▲ 203%€37,908▼ 27.5%
Net result€22,896▲ 110%€18,871▼ 17.6%€9,014▼ 52.2%€33,533▲ 272%€23,385▼ 30.3%
Equity€106,422▲ 27.4%€82,293▼ 22.7%€91,307▲ 11.0%€114,740▲ 25.7%€102,375▼ 10.8%
Total assets€133,747▲ 14.0%€150,516▲ 12.5%€113,811▼ 24.4%€126,192▲ 10.9%€119,721▼ 5.1%
Debt€27,325▼ 19.1%€68,224▲ 150%€22,504▼ 67.0%€11,452▼ 49.1%€17,345▲ 51.5%
Working capital€94,816▲ 29.0%€73,500▼ 22.5%€89,954▲ 22.4%€112,297▲ 24.8%€96,146▼ 14.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,721
Fixed assets
€6,229 ▲ 155%
Current assets
€113,491 ▼ 8.3%
Equity and liabilities €119,721
Equity
€102,375 ▼ 10.8%
Debt
€17,345 ▲ 51.5%
Debt's share of the balance-sheet total rises from 9.1% to 14.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€39,234▼
2024 · €53,638
Cash flow
€24,711▼
2024 · €34,867
Current ratio
6.54▼
2024 · 10.81
Debt to equity
0.17▲
2024 · 0.10
ROE
22.8%▼
2024 · 29.2%
ROA
19.5%▼
2024 · 26.6%
Interest coverage
243.58▼
2024 · 293.30
Debt ≤ 1 year
€17,345▲
2024 · €11,452
Income taxes
€14,452▼
2024 · €18,588
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,428 | €9,789 | €9,789 | €1,334 | €1,326 | ▼ 0.6% |
| Other operating charges640/8 | €1,091 | €1,140 | €1,134 | €1,518 | €1,199 | ▼ 21.0% |
| Gross operating margin9900 | €47,653 | €44,424 | €28,180 | €55,155 | €40,433 | ▼ 26.7% |
| Operating profit (loss)9901 | €37,133 | €33,494 | €17,256 | €52,304 | €37,908 | ▼ 27.5% |
| Financial income75/76B | €431 | €242 | €3 | - | €90 | - |
| Recurring financial income75 | €431 | €242 | €3 | - | €90 | - |
| Financial charges65/66B | €677 | €616 | €342 | €183 | €161 | ▼ 11.9% |
| Recurring financial charges65 | €677 | €616 | €342 | €183 | €161 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €36,887 | €33,121 | €16,917 | €52,121 | €37,837 | ▼ 27.4% |
| Income taxes67/77 | €13,991 | €14,250 | €7,903 | €18,588 | €14,452 | ▼ 22.3% |
| Profit (loss) for the period9904 | €22,896 | €18,871 | €9,014 | €33,533 | €23,385 | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €22,896 | €18,871 | €9,014 | €33,533 | €23,385 | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,747 | €150,516 | €113,811 | €126,192 | €119,721 | ▼ 5.1% |
| Fixed assets21/28 | €20,932 | €11,143 | €1,353 | €2,443 | €6,229 | ▲ 155% |
| Tangible fixed assets22/27 | €20,682 | €10,893 | €1,103 | €2,193 | €5,979 | ▲ 173% |
| Plant, machinery and equipment23 | €3,879 | €2,491 | €1,103 | €2,193 | €1,385 | ▼ 36.8% |
| Furniture and vehicles24 | €16,803 | €8,402 | - | - | €4,594 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €112,815 | €139,374 | €112,457 | €123,749 | €113,491 | ▼ 8.3% |
| Amounts receivable within one year40/41 | €15,383 | €10,963 | €13,770 | €13,903 | €13,963 | ▲ 0.4% |
| Trade receivables40 | €8,695 | €10,951 | €13,758 | €13,903 | €13,449 | ▼ 3.3% |
| Other amounts receivable41 | €6,688 | €12 | €12 | - | €514 | - |
| Cash at bank and in hand54/58 | €93,423 | €126,763 | €97,642 | €108,808 | €98,457 | ▼ 9.5% |
| Deferred charges and accrued income490/1 | €4,009 | €1,648 | €1,045 | €1,039 | €1,071 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,747 | €150,516 | €113,811 | €126,192 | €119,721 | ▼ 5.1% |
| Equity10/15 | €106,422 | €82,293 | €91,307 | €114,740 | €102,375 | ▼ 10.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €100,038 | €75,838 | €84,838 | €108,238 | €95,488 | ▼ 11.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €98,178 | €73,978 | €84,838 | €108,238 | €95,488 | ▼ 11.8% |
| Profit (loss) carried forward14 | €184 | €254 | €269 | €302 | €687 | ▲ 127% |
| Amounts payable17/49 | €27,325 | €68,224 | €22,504 | €11,452 | €17,345 | ▲ 51.5% |
| Amounts payable after more than one year17 | €9,326 | €2,350 | - | - | - | - |
| Financial debts170/4 | €9,326 | €2,350 | - | - | - | - |
| Amounts payable within one year42/48 | €17,999 | €65,874 | €22,504 | €11,452 | €17,345 | ▲ 51.5% |
| Current portion of amounts payable after more than one year42 | €6,869 | €6,977 | €2,350 | - | - | - |
| Trade debts44 | €652 | €3,925 | €685 | €1,194 | €1,039 | ▼ 13.0% |
| Suppliers440/4 | €652 | €3,925 | €685 | €1,194 | €1,039 | ▼ 13.0% |
| Taxes, remuneration and social security45 | €10,478 | €24,648 | €18,382 | €9,748 | €16,307 | ▲ 67.3% |
| Taxes450/3 | €10,478 | €24,648 | €18,382 | €9,748 | €16,307 | ▲ 67.3% |
| Other amounts payable47/48 | - | €30,325 | €1,087 | €509 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,896 | €18,871 | €9,014 | €33,533 | €23,385 | ▼ 30.3% |
| + Depreciation and write-downs630 | €9,428 | €9,789 | €9,789 | €1,334 | €1,326 | ▼ 0.6% |
| Operating cash flow (approximation) | €32,324 | €28,660 | €18,804 | €34,867 | €24,711 | ▼ 29.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,423 | -€5,113 | ▼ 111% |
| Change in cash | - | €33,340 | -€29,120 | €11,166 | -€10,351 | ▼ 193% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €33,533 ▲272%
Operating result €52,304, net result €33,533, both a record.
31-12
Financial
Liquidity doublescurrent ratio 10.81
Current ratio from 5.00 to 10.81; short-term debt falls from €22,504 to €11,452.
31-12
Financial
Equity above €100,000Eq €114,740 ▲25.7%
7 profitable years in a row build equity to €114,740.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 5.00
Current ratio from 2.12 to 5.00; short-term debt falls from €65,874 to €22,504.
02-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 33 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €106,422 ▲27.4%
4 profitable years in a row build equity to €106,422.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €2,150 ▼41.4%
Net result drops to €2,150, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-07
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Deerlijk · 1 establishment unit since 2005
Ground area
624 m²
Building footprint
139 m²
Volume, LiDAR
695 m³
Parcel 34392E0644/00E004, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VB@WORK
since 20052.149.134.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392E0644/00E004 | Flanders | 624 m² | 1 · 139 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 90 EUR awarded · 90 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 90 EUR | 90 EUR |
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Of 3,222 companies in sector 47400 we hold annual accounts for 1,806. 1,443 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
Founded02-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.