VCV IMMO
ActiveSummary
VCV IMMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234,842 and a net result of -€58,699. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-32
Solvency42▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.74 in 2024; short-term debt: 83.4% and cash: 14.5% of total assets), and 83.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 21%
← 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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
64 d early
2023
69 d early
2022
22 d late
2021
25 d late
2020
27 d late
2019
150 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 28 May (4 of the last 5 filed years within 86 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€58,699
2024 · €54,893
Working capital
-€941,739▼ 660%
2024 · -€123,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€113,735▼ 0.3%€121,058▲ 6.4%€175,995▲ 45.4%€80,718▼ 54.1%-€13,120
Net result€76,621above the sector's middle half▼ 12.9%€72,170above the sector's middle half▼ 5.8%€141,965above the sector's middle half▲ 96.7%€54,893within the sector's middle half▼ 61.3%-€58,699below the sector's middle half
Equity€474,302above the sector's middle half▲ 19.3%€492,814above the sector's middle half▲ 3.9%€513,648above the sector's middle half▲ 4.2%€443,541above the sector's middle half▼ 13.6%€234,842above the sector's middle half▼ 47.1%
Total assets€975,871above the sector's middle half▼ 1.3%€975,444above the sector's middle half=€925,902above the sector's middle half▼ 5.1%€919,431above the sector's middle half▼ 0.7%€1.4mabove the sector's middle half▲ 53.5%
Debt€466,569▼ 16.1%€447,630▼ 4.1%€412,254▼ 7.9%€475,890▲ 15.4%€1.2m▲ 147%
Working capital-€91,043below the sector's middle half▲ 54.3%-€75,236below the sector's middle half▲ 17.4%-€23,152below the sector's middle half▲ 69.2%-€123,864below the sector's middle half▼ 435%-€941,739below the sector's middle half▼ 660%
Solvency48.6%within the sector's middle half▲ 8.4pp50.5%within the sector's middle half▲ 1.9pp55.5%within the sector's middle half▲ 5.0pp48.2%within the sector's middle half▼ 7.2pp16.6%below the sector's middle half▼ 31.6pp
Current ratio0.80below the sector's middle half▲ 0.160.83below the sector's middle half▲ 0.030.94below the sector's middle half▲ 0.110.74below the sector's middle half▼ 0.200.20below the sector's middle half▼ 0.54
Return on assets (ROA)7.9%within the sector's middle half▼ 1.0pp7.4%within the sector's middle half▼ 0.5pp15.3%within the sector's middle half▲ 7.9pp6.0%within the sector's middle half▼ 9.4pp-4.2%below the sector's middle half▼ 10.1pp
Staff (FTE)0▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13,120 after €80,718 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 107%
Current assets
€234,725 ▼ 33.3%
Equity and liabilities €1.4m
Equity
€234,842 ▼ 47.1%
Debt
€1.2m ▲ 147%
Debt's share of the balance-sheet total rises from 51.8% to 83.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€124,388▲
2024 · €113,098
Cash flow
€78,809▼
2024 · €87,273
Debt to equity
5.01▲
2024 · 1.07
ROE
-25.0%▼
2024 · 12.4%
Interest coverage
3.70▼
2024 · 2896.23
Debt ≤ 1 year
€1.2m▲
2024 · €475,890
Income taxes
€11,923▼
2024 · €25,786
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,508 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | -€10,960 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,772 | €40,392 | €23,153 | €32,379 | €137,508 | ▲ 325% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€49,245 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€35,000 | - | - | - |
| Other operating charges640/8 | €20,197 | €69,776 | €26,251 | €26,591 | €29,147 | ▲ 9.6% |
| Gross operating margin9900 | €154,744 | €181,981 | €190,399 | €139,689 | €153,535 | ▲ 9.9% |
| Operating profit (loss)9901 | €113,735 | €121,058 | €175,995 | €80,718 | -€13,120 | ▼ 116% |
| Financial income75/76B | - | - | €9 | - | €0 | - |
| Recurring financial income75 | - | - | €9 | - | €0 | - |
| Financial charges65/66B | €614 | €412 | €35 | €39 | €33,656 | ▲ 86,088% |
| Recurring financial charges65 | €614 | €412 | €35 | €39 | €33,656 | ▲ 86,088% |
| Profit (loss) for the period before taxes9903 | €113,121 | €120,647 | €175,969 | €80,679 | -€46,777 | ▼ 158% |
| Income taxes67/77 | €36,500 | €48,476 | €34,004 | €25,786 | €11,923 | ▼ 53.8% |
| Profit (loss) for the period9904 | €76,621 | €72,170 | €141,965 | €54,893 | -€58,699 | ▼ 207% |
| Profit (loss) for the period to be appropriated9905 | €76,621 | €72,170 | €141,965 | €54,893 | -€58,699 | ▼ 207% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €975,871 | €975,444 | €925,902 | €919,431 | €1.4m | ▲ 53.5% |
| Formation expenses20 | - | €34,477 | - | - | - | - |
| Fixed assets21/28 | €600,345 | €568,573 | €536,800 | €567,405 | €1.2m | ▲ 107% |
| Tangible fixed assets22/27 | €600,345 | €568,573 | €536,800 | €567,405 | €1.2m | ▲ 107% |
| Land and buildings22 | €600,345 | €568,573 | €536,800 | €560,028 | €1.2m | ▲ 109% |
| Plant, machinery and equipment23 | - | - | - | €7,377 | €6,579 | ▼ 10.8% |
| Current assets29/58 | €375,526 | €372,394 | €389,102 | €352,026 | €234,725 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €42,240 | - | - | €9,900 | €29,820 | ▲ 201% |
| Trade receivables40 | €42,240 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €9,900 | €29,820 | ▲ 201% |
| Cash at bank and in hand54/58 | €333,286 | €372,394 | €389,102 | €342,126 | €204,905 | ▼ 40.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €975,871 | €975,444 | €925,902 | €919,431 | €1.4m | ▲ 53.5% |
| Equity10/15 | €474,302 | €492,814 | €513,648 | €443,541 | €234,842 | ▼ 47.1% |
| Contributions10/11 | €87,325 | €87,325 | €87,325 | €87,325 | €87,325 | = |
| Capital10 | €87,325 | €87,325 | €87,325 | €87,325 | €87,325 | = |
| Issued capital100 | €87,325 | €87,325 | €87,325 | €87,325 | €87,325 | = |
| Reserves13 | €383,522 | €404,863 | €423,732 | €355,732 | €145,732 | ▼ 59.0% |
| Non-distributable reserves130/1 | €8,732 | €8,732 | €8,732 | €8,732 | €8,732 | = |
| Legal reserve130 | €8,732 | €8,732 | €8,732 | €8,732 | €8,732 | = |
| Distributable reserves133 | €374,790 | €396,131 | €415,000 | €347,000 | €137,000 | ▼ 60.5% |
| Profit (loss) carried forward14 | €3,455 | €625 | €2,591 | €484 | €1,785 | ▲ 269% |
| Provisions and deferred taxes16 | €35,000 | €35,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €35,000 | €35,000 | - | - | - | - |
| Other liabilities and charges164/5 | €35,000 | €35,000 | - | - | - | - |
| Amounts payable17/49 | €466,569 | €447,630 | €412,254 | €475,890 | €1.2m | ▲ 147% |
| Amounts payable within one year42/48 | €466,569 | €447,630 | €412,254 | €475,890 | €1.2m | ▲ 147% |
| Current portion of amounts payable after more than one year42 | €5,000 | - | - | - | - | - |
| Trade debts44 | - | €992 | €221 | €98 | €1,218 | ▲ 1,139% |
| Suppliers440/4 | - | €992 | €221 | €98 | €1,218 | ▲ 1,139% |
| Taxes, remuneration and social security45 | €23,990 | €45,770 | €23,166 | €30,325 | €29,537 | ▼ 2.6% |
| Taxes450/3 | €23,990 | €45,770 | €23,166 | €30,325 | €29,537 | ▼ 2.6% |
| Other amounts payable47/48 | €437,579 | €400,867 | €388,867 | €445,467 | €1.1m | ▲ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,621 | €72,170 | €141,965 | €54,893 | -€58,699 | ▼ 207% |
| + Depreciation and write-downs630 | €31,772 | €40,392 | €23,153 | €32,379 | €137,508 | ▲ 325% |
| Operating cash flow (approximation) | €108,393 | €112,562 | €165,118 | €87,273 | €78,809 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | -€8,619 | €8,619 | -€62,984 | -€746,684 | ▼ 1,086% |
| Change in cash | - | €39,108 | €16,708 | -€46,976 | -€137,221 | ▼ 192% |
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
17-08
State Gazette act
Reappointments: Yves PETITJEAN (director) and Mary-Yvonne PETITJEAN (director)Appointment: Marie-Pierre BRUWIER (director)4 facts ▸
State Gazette act
Reappointments: Yves PETITJEAN (director) and Mary-Yvonne PETITJEAN (director)
Appointment: Marie-Pierre BRUWIER (director)4 facts ▸
- General meeting, 08-07-2026
- Director reappointment, Yves PETITJEAN (director)
- Director reappointment, Mary-Yvonne PETITJEAN (director)
- Director appointment, Marie-Pierre BRUWIER (director)
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€58,699
Net result drops to -€58,699, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €141,965 ▲96.7%
Net result €141,965, the highest in the series.
31-12
Financial
Equity above €500,000Eq €513,648 ▲4.2%
6 profitable years in a row build equity to €513,648.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26104912). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Marie-Pierre BRUWIER
CurrentDirector · since 08-07-2026
Mary-Yvonne PETITJEAN
CurrentDirector · since 08-07-2026
Yves PETITJEAN
CurrentDirector · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1988
Ground area
2,649 m²
Building footprint
1,495 m²
Volume, LiDAR
7,067 m³
Parcel 21304B0062/00T003, Brussels · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Nijverheidskaai 155, 1070 Anderlecht
since 19882.037.636.834
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0062/00T003 | Brussels | 2,649 m² | 1 · 1,495 m² | 7.8 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.
Mandate history
3 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marie-Pierre BRUWIER |
|
| Mary-Yvonne PETITJEAN |
|
| Yves PETITJEAN |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 39,199 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
yves.vcv@skynet.beAnderlecht
Phone
+3225223220Anderlecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432674438
Also
9925:BE0432674438
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.