VBS - k
ActiveVBS - k has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €1k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 3111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+3
Solvency78▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.17 in 2024; short-term debt: 47.3% and cash: 4.4% of total assets), and 47.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
52.7%
Return on assets
1.1%
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 26-08-2026, 26 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 · 9 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
19 d early
2022
on the day
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 2.2%
2024 · €62k
2018: €23k
2019: €33k
2020: €40k
2021: €122k
2022: €159k
2023: €191k
2024: €62k
2018 → 2025
Total assets
€120k▼ 25.6%
2024 · €162k
2018: €73k
2019: €80k
2020: €145k
2021: €171k
2022: €193k
2023: €221k
2024: €162k
2018 → 2025
Net result
€1k
2024 · €-2k
2018: €16k
2019: €9k
2020: €7k
2021: €70k
2022: €36k
2023: €32k
2024: €-2k
2018 → 2025
Working capital
€29k▲ 67.9%
2024 · €17k
2018: €15k
2019: €15k
2020: €19k
2021: €65k
2022: €110k
2023: €149k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€159k▲ 29.9%€191k▲ 20.3%€62k▼ 67.5%€63k▲ 2.2%
Operating result€86k-€46k▼ 46.3%€41k▼ 10.7%€-1k€2k
Net result€70k-€36k▼ 47.7%€32k▼ 11.6%€-2k€1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€35k▼ 22.8%
Current assets
€85k▼ 26.7%
Equity and liabilities €120k
Equity
€63k▲ 2.2%
Debt
€57k▼ 42.9%
The debt ratio falls from 61.6% to 47.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €10k
Cash flow
€12k▲
2024 · €10k
Solvency
52.7%▲
2024 · 38.4%
Current ratio
1.50▲
2024 · 1.17
Quick ratio
1.12▲
2024 · 0.94
Debt / equity
0.90▼
2024 · 1.60
ROE
2.1%▲
2024 · -2.9%
ROA
1.1%▲
2024 · -1.1%
Interest coverage
27.42▼
2024 · 28.02
Debt
€57k▼
2024 · €99k
Debt ≤ 1 year
€57k▼
2024 · €99k
Income taxes
€551▲
2024 · €312
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€162k€120k▼
Fixed assets21/28€45k€35k▼
Tangible fixed assets22/27€45k€35k▼
Plant, machinery and equipment23€3k€0▼
Other tangible fixed assets26€42k€35k▼
Current assets29/58€117k€85k▼
Stocks and contracts in progress3€23k€22k▼
Stocks30/36€23k€22k▼
Amounts receivable within one year40/41€69k€58k▼
Trade receivables40€30k€24k▼
Other amounts receivable41€39k€34k▼
Cash at bank and in hand54/58€24k€5k▼
Equity and liabilities
Total equity and liabilities10/49€162k€120k▼
Equity10/15€62k€63k▲
Contributions10/11€19k€19k=
Reserves13€43k€45k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€0▼
Other1319-€2k
Distributable reserves133€42k€43k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€99k€57k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€99k€57k▼
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€31k€5k▼
Suppliers440/4€31k€5k▼
Taxes, remuneration and social security45€13k€8k▼
Taxes450/3€13k€8k▼
Other amounts payable47/48€53k€43k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€-889▲
Other operating charges640/8€578€1k▲
Gross operating margin9900€10k€13k▲
Operating profit (loss)9901€-1k€2k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€368€459▲
Recurring financial charges65€368€459▲
Profit (loss) for the period before taxes9903€-1k€2k▲
Income taxes67/77€312€551▲
Profit (loss) for the period9904€-2k€1k▲
Profit (loss) for the period to be appropriated9905€-2k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€1k▲
Transfer from equity791/2€129k€0▼
Transfer to equity691/2€0€1k▲
To other reserves6921€0€1k▲
Profit to be distributed694/7€127k€0▼
Return on contributions (dividend)694€127k€0▼
The notes to these accounts (4 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
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-2k ▼106%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €159k ▲29.9%
5 profitable years in a row build equity to €159k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €70k ▲847%
Operating result €86k, net result €70k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.23 to 2.83; short-term debt falls from €82k to €35k.
31-12
Financial
Equity above €100kEq €122k ▲206%
4 profitable years in a row build equity to €122k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Pepingen · 1 establishment unit since 2016
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.
Terheugen(P) 291670 PepingenGround area
531 m²
Building footprint
195 m²
Volume, LiDAR
1,359 m³
Parcel 23064G0160/00F000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Terheugen(P) 29, 1670 Pepingen
since 20162.257.187.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23064G0160/00F000 | Flanders | 531 m² | 1 · 195 m² | 10.4 m · 2 fl. |
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 sitePepingen2.257.187.129
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SYMORGANIC
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
01191Growing of flowers
01199Crop and animal production, hunting and related service activities
01290Crop and animal production, hunting and related service activities
46216Wholesale of agricultural produce and animal feed, general range
47279Other retail sale of food
47299Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.