VBL PROPERTIES
ActiveSummary
The computed 12-month bankruptcy probability of VBL PROPERTIES is 1.9% (moderate). The 2025 annual accounts show equity of €327,657 and a net result of €312,141. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability47=
Solvency29▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 1.36 in 2024; short-term debt: 52.7% and cash: 0.7% of total assets), but 96% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
4%
Return on assets
3.8%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €327,657
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 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
29 d early
2023
33 d early
2022
21 d early
2021
30 d late
2020
3 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check 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 Which of your other customers can you e-invoice via Peppol?Peppol check 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
€327,657▲ 2,012%
2024 · €15,516
Total assets
€8.2m▼ 12.1%
2024 · €9.3m
Net result
€312,141▼ 16.0%
2024 · €371,785
Working capital
€2.4m▲ 14.9%
2024 · €2.1m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.1m€415,251▼ 62.7%-€2,631€524,201€426,424▼ 18.7%
Net result€722,249€15,554▼ 97.8%-€22,460€371,785€312,141▼ 16.0%
Equity€52,637€53,191▲ 1.1%€30,731▼ 42.2%€15,516▼ 49.5%€327,657▲ 2,012%
Total assets€7.7m▼ 34.5%€7.4m▼ 3.5%€8.2m▲ 10.9%€9.3m▲ 14.2%€8.2m▼ 12.1%
Debt€7.6m▼ 35.1%€7.0m▼ 7.8%€8.2m▲ 16.4%€9.3m▲ 14.4%€7.9m▼ 15.5%
Working capital€3.8m▼ 56.5%€4.1m▲ 9.4%€7.3m▲ 78.2%€2.1m▼ 71.5%€2.4m▲ 14.9%
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 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.2m
Fixed assets
€1.5m =
Current assets
€6.7m ▼ 14.4%
Equity and liabilities €8.2m
Equity
€327,657 ▲ 2,012%
Debt
€7.9m ▼ 15.5%
Debt's share of the balance-sheet total falls from 99.8% to 96.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.56▲
2024 · 1.36
Quick ratio
0.01▼
2024 · 0.05
Debt to equity
24.07
ROE
95.3%
ROA
3.8%▼
2024 · 4.0%
Debt ≤ 1 year
€4.3m▼
2024 · €5.8m
Debt > 1 year
€3.6m=
2024 · €3.6m
Income taxes
€105,020▼
2024 · €139,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 143 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.1%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 143 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €868 | €868 | €960 | €968 | €998 | ▲ 3.1% |
| Gross operating margin9900 | €1.1m | €416,119 | -€1,671 | €525,169 | €427,422 | ▼ 18.6% |
| Operating profit (loss)9901 | €1.1m | €415,251 | -€2,631 | €524,201 | €426,424 | ▼ 18.7% |
| Financial income75/76B | - | €84 | - | - | - | - |
| Recurring financial income75 | - | €84 | - | - | - | - |
| Financial charges65/66B | €160,801 | €396,848 | €20,525 | €13,156 | €9,263 | ▼ 29.6% |
| Recurring financial charges65 | €160,801 | €76,053 | €20,525 | €13,156 | €9,263 | ▼ 29.6% |
| Non-recurring financial charges66B | - | €320,795 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €953,954 | €18,487 | -€23,156 | €511,045 | €417,161 | ▼ 18.4% |
| Income taxes67/77 | €231,705 | €2,933 | -€696 | €139,260 | €105,020 | ▼ 24.6% |
| Profit (loss) for the period9904 | €722,249 | €15,554 | -€22,460 | €371,785 | €312,141 | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €722,249 | €15,554 | -€22,460 | €371,785 | €312,141 | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.7m | €7.4m | €8.2m | €9.3m | €8.2m | ▼ 12.1% |
| Fixed assets21/28 | - | €126,000 | - | €1.5m | €1.5m | = |
| Tangible fixed assets22/27 | - | €126,000 | - | - | - | - |
| Assets under construction and advance payments27 | - | €126,000 | - | - | - | - |
| Financial fixed assets28 | - | - | - | €1.5m | €1.5m | = |
| Current assets29/58 | €7.7m | €7.3m | €8.2m | €7.9m | €6.7m | ▼ 14.4% |
| Stocks and contracts in progress3 | €6.4m | €6.1m | €8.2m | €7.6m | €6.7m | ▼ 12.1% |
| Stocks30/36 | €6.4m | €6.1m | €8.2m | €7.4m | €6.4m | ▼ 12.4% |
| Contracts in progress37 | - | - | - | €238,913 | €230,513 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €353,317 | €25,000 | - | - | €4,036 | - |
| Other amounts receivable41 | €353,317 | €25,000 | - | - | €4,036 | - |
| Cash at bank and in hand54/58 | €909,018 | €1.1m | €2,738 | €273,379 | €57,633 | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.7m | €7.4m | €8.2m | €9.3m | €8.2m | ▼ 12.1% |
| Equity10/15 | €52,637 | €53,191 | €30,731 | €15,516 | €327,657 | ▲ 2,012% |
| Contributions10/11 | €20,000 | €20,000 | €22,000 | - | - | - |
| Reserves13 | €2,000 | €2,000 | - | - | - | - |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Profit (loss) carried forward14 | €30,637 | €31,191 | €8,731 | €15,516 | €327,657 | ▲ 2,012% |
| Provisions and deferred taxes16 | - | €320,795 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €320,795 | - | - | - | - |
| Other liabilities and charges164/5 | - | €320,795 | - | - | - | - |
| Amounts payable17/49 | €7.6m | €7.0m | €8.2m | €9.3m | €7.9m | ▼ 15.5% |
| Amounts payable after more than one year17 | €3.7m | €3.9m | €7.3m | €3.6m | €3.6m | = |
| Financial debts170/4 | €3.7m | €3.9m | €3.9m | - | - | - |
| Other amounts payable178/9 | - | - | €3.4m | €3.6m | €3.6m | = |
| Amounts payable within one year42/48 | €3.9m | €3.1m | €854,601 | €5.8m | €4.3m | ▼ 25.0% |
| Current portion of amounts payable after more than one year42 | €157,000 | - | - | - | - | - |
| Financial debts43 | - | - | €15,576 | - | - | - |
| Credit institutions430/8 | - | - | €15,576 | - | - | - |
| Trade debts44 | - | - | €1,035 | - | - | - |
| Suppliers440/4 | - | - | €1,035 | - | - | - |
| Taxes, remuneration and social security45 | €147,455 | €7,904 | - | €139,260 | €244,280 | ▲ 75.4% |
| Taxes450/3 | €147,455 | €7,904 | - | €139,260 | €244,280 | ▲ 75.4% |
| Other amounts payable47/48 | €3.6m | €3.1m | €837,990 | €5.6m | €4.1m | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €722,249 | €15,554 | -€22,460 | €371,785 | €312,141 | ▼ 16.0% |
| Operating cash flow (approximation) | €722,249 | €15,554 | -€22,460 | €371,785 | €312,141 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €183,112 | -€1.1m | €270,641 | -€215,746 | ▼ 180% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €327,657 ▲2,012%
2 profitable years in a row build equity to €327,657.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €371,785
Net result €371,785 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 9.58
Current ratio from 2.31 to 9.58; short-term debt falls from €3.1m to €854,601.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €722,249
Net result €722,249 after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€41,586
Net result drops to -€41,586, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2018
Ground area
1,816 m²
Building footprint
626 m²
Volume, LiDAR
7,384 m³
2 parcels, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
Victor Allardstraat 177, 1180 Ukkel
since 20182.278.173.474
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0195/00N015 | Brussels | 1,341 m² | 1 · 412 m² | 15.7 m · 4 fl. |
| 21616G0414/00K003 | Brussels | 475 m² | 1 · 213 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699965955
Also
9925:BE0699965955
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.