VEXILLUM
ActiveVEXILLUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €321k and a net result of €-50k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▲+1
Solvency34▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.26 in 2023; short-term debt: 38.5% and cash: 1.4% of total assets), but 91% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · 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 2024Solvency, return and age of the figures
Solvency
9%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-50k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
5 d early
2022
4 d early
2021
1 d late
2020
9 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€321k▼ 13.6%
2023 · €371k
2018: €139k
2019: €219k
2020: €277k
2021: €519k
2022: €438k
2023: €371k
2018 → 2024
Total assets
€3.58M▲ 30.0%
2023 · €2.75M
2018: €904k
2019: €1.46M
2020: €753k
2021: €2.14M
2022: €3.91M
2023: €2.75M
2018 → 2024
Net result
€-50k▲ 24.5%
2023 · €-67k
2018: €2k
2019: €-20k
2020: €69k
2021: €-63k
2022: €-62k
2023: €-67k
2018 → 2024
Working capital
€2.11M▲ 42.2%
2023 · €1.49M
2018: €85k
2019: €494k
2020: €507k
2021: €1.23M
2022: €1.57M
2023: €1.49M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€277k-€519k▲ 87.4%€438k▼ 15.7%€371k▼ 15.3%€321k▼ 13.6%
Operating result€103k-€-55k€-37k▲ 33.6%€-48k▼ 31.3%€-21k▲ 55.9%
Net result€69k-€-63k€-62k▲ 2.1%€-67k▼ 8.6%€-50k▲ 24.5%
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 stays negative: a loss of €21k in 2024 against €48k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.58M
Fixed assets
€85k▲ 3.3%
Current assets
€3.49M▲ 30.8%
Equity and liabilities €3.58M
Equity
€321k▼ 13.6%
Debt
€3.26M▲ 36.8%
The debt ratio rises from 86.5% to 91.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▲
2023 · €-42k
Cash flow
€-44k▲
2023 · €-60k
Solvency
9.0%▼
2023 · 13.5%
Current ratio
2.53▲
2023 · 2.26
Quick ratio
0.39▼
2023 · 0.48
Debt / equity
10.15▲
2023 · 6.42
ROE
-15.7%▲
2023 · -18.0%
ROA
-1.4%▲
2023 · -2.4%
Interest coverage
-0.36▲
2023 · -1.19
Debt
€3.26M▲
2023 · €2.38M
Debt ≤ 1 year
€1.38M▲
2023 · €1.18M
Debt > 1 year
€1.88M▲
2023 · €1.20M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.75M€3.58M▲
Fixed assets21/28€83k€85k▲
Tangible fixed assets22/27€63k€56k▼
Other tangible fixed assets26€63k€56k▼
Financial fixed assets28€20k€29k▲
Current assets29/58€2.67M€3.49M▲
Amounts receivable after more than one year29€433k€453k▲
Other amounts receivable291€433k€453k▲
Stocks and contracts in progress3€2.10M€2.96M▲
Stocks30/36€2.10M€2.96M▲
Amounts receivable within one year40/41€94k€31k▼
Trade receivables40€64k€6k▼
Other amounts receivable41€30k€25k▼
Cash at bank and in hand54/58€23k€51k▲
Deferred charges and accrued income490/1€14k€200▼
Equity and liabilities
Total equity and liabilities10/49€2.75M€3.58M▲
Equity10/15€371k€321k▼
Contributions10/11€424k€424k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€-73k€-124k▼
Amounts payable17/49€2.38M€3.26M▲
Amounts payable after more than one year17€1.20M€1.88M▲
Financial debts170/4€1.20M€1.88M▲
Amounts payable within one year42/48€1.18M€1.38M▲
Current portion of amounts payable after more than one year42€20k€19k▼
Financial debts43€1.12M€1.29M▲
Credit institutions430/8€75k€45k▼
Other loans439€1.04M€1.25M▲
Trade debts44€36k€50k▲
Suppliers440/4€36k€50k▲
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€15k▲
Accrued charges and deferred income492/3€2k€754▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€18k€22k▲
Gross operating margin9900€-24k€7k▲
Operating profit (loss)9901€-48k€-21k▲
Financial income75/76B€16k€13k▼
Recurring financial income75€16k€13k▼
Financial charges65/66B€35k€42k▲
Recurring financial charges65€35k€42k▲
Profit (loss) for the period before taxes9903€-67k€-50k▲
Profit (loss) for the period9904€-67k€-50k▲
Profit (loss) for the period to be appropriated9905€-67k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-124k▼
Profit (loss) brought forward from the previous period14P€-6k€-73k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Equity above €500kEq €519k ▲87.4%
Equity rises from €277k to €519k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.38
Current ratio from 1.53 to 3.38; short-term debt falls from €930k to €213k.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Equity above €200kEq €219k ▲57.2%
Equity rises from €139k to €219k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Schoten · 1 establishment unit since 2006
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.
Henri Engelslei 462900 SchotenGround area
2,701 m²
Building footprint
162 m²
Volume, LiDAR
1,059 m³
Parcel 11040D0164/00Y009, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vexillum
since 20062.151.741.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0164/00Y009 | Flanders | 2,701 m² | 1 · 162 m² | 10.3 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
Legal Entity Identifier
875500BF62JLHYDDM204
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2006
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.