VBL ADVISORY
ActiveThe computed 12-month bankruptcy probability of VBL ADVISORY is 1.7% (moderate). The 2025 annual accounts show negative equity (€-203k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10242 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
8
/ 100
Critical▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-69
Solvency33▼-3
Growth58=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.6 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-260.1%
Return on assets
-11.3%
Age of the figures
18 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€203k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
37 d early
2024
23 d early
2023
42 d early
2022
34 d early
2021
26 d early
2020
37 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-203k▼ 4.5%
2024 · €-195k
2019: €-9k
2020: €30k
2021: €30k
2022: €32k
2023: €-159k
2024: €-195k
2019 → 2025
Total assets
€78k▼ 74.5%
2024 · €306k
2019: €278k
2020: €224k
2021: €306k
2022: €363k
2023: €331k
2024: €306k
2019 → 2025
Net result
€-9k▲ 75.2%
2024 · €-35k
2019: €-39k
2020: €39k
2021: €28k
2022: €2k
2023: €-191k
2024: €-35k
2019 → 2025
Working capital
€-203k▼ 2.2%
2024 · €-199k
2019: €-13k
2020: €28k
2021: €27k
2022: €29k
2023: €-161k
2024: €-199k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€32k▲ 5.4%€-159k€-195k▼ 22.3%€-203k▼ 4.5%
Operating result€41k-€6k▼ 84.5%€-191k€-32k▲ 83.1%€-6k▲ 82.5%
Net result€28k-€2k▼ 94.2%€-191k€-35k▲ 81.4%€-9k▲ 75.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78k
Fixed assets
€563▼ 88.0%
Current assets
€78k▼ 74.3%
Key figures and ratios
EBITDA
€-4k▲
2024 · €-31k
Cash flow
€-7k▲
2024 · €-34k
Solvency
-260.1%▼
2024 · -63.5%
Current ratio
0.28▼
2024 · 0.60
Quick ratio
0.28▼
2024 · 0.60
Debt / equity
-1.38▲
2024 · -2.58
ROE
4.3%▼
2024 · 18.2%
ROA
-11.3%▲
2024 · -11.6%
Interest coverage
-0.89▲
2024 · -4.54
Debt
€282k▼
2024 · €501k
Debt ≤ 1 year
€281k▼
2024 · €500k
Income taxes
€0▼
2024 · €163
Staff costs
€-4k▼
2024 · €309k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€306k€78k▼
Fixed assets21/28€5k€563▼
Tangible fixed assets22/27€2k€563▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€2k€563▼
Financial fixed assets28€3k€0▼
Current assets29/58€302k€78k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€163k€33k▼
Trade receivables40€86k€23k▼
Other amounts receivable41€77k€9k▼
Cash at bank and in hand54/58€131k€43k▼
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€306k€78k▼
Equity10/15€-195k€-203k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-225k€-233k▼
Amounts payable17/49€501k€282k▼
Amounts payable within one year42/48€500k€281k▼
Trade debts44€291k€7k▼
Suppliers440/4€291k€7k▼
Taxes, remuneration and social security45€26k€2k▼
Taxes450/3€161€2k▲
Remuneration and social security454/9€26k€0▼
Other amounts payable47/48€183k€272k▲
Accrued charges and deferred income492/3€723€979▲
Income statement
Code20242025
Non-recurring operating income76A€7k€7k▼
Remuneration, social security and pensions62€309k€-4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€106€0▼
Gross operating margin9900€279k€-7k▼
Operating profit (loss)9901€-32k€-6k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-35k€-9k▲
Income taxes67/77€163€0▼
Profit (loss) for the period9904€-35k€-9k▲
Profit (loss) for the period to be appropriated9905€-35k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-225k€-233k▼
Profit (loss) brought forward from the previous period14P€-189k€-225k▼
Social balance
Average headcount (FTE)908711.00.0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-191k ▼11791%
Net result drops to €-191k, the lowest in the series; recovery starts the following year.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
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.
03-12-2018
Holding Brolet - Van Campfort 17: Resigned as Manager
03-12-2018
HOLDING LGS: Resigned as Manager
03-12-2018
RETAIL SERVICES: Resigned as Manager
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 2018
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.
A. Ruzettelaan 1878370 BlankenbergeGround area
2,510 m²
Building footprint
800 m²
Parcel 31602B0375/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
VBL Advisory
since 20182.272.185.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31602B0375/00A000 | Flanders | 2,510 m² | 1 · 800 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBlankenberge2.272.185.804
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
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BEVERLO BSS
BE 0746.918.608
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DELABRE
BE 0418.534.214
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ECO NRJ
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Of 1,262 companies in sector 47300 we hold annual accounts for 946. 631 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2018
Fiscal year end31-03
Activities, NACEBEL
47300Retail sale of automotive fuel
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.