Equity
-€21,820
Debts exceed assets in financial year 2025.
VFB
Lifetime
1 annual account with figurespeak -€11,192 (2025)
-€11,192
lowest -€25,820 (2025)
-€25,820
peak -€21,820 (2025)
-€21,820
€1.1m
Board2 names since 2025
2 directorsVERMAELEN Steve and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Loss of €25,820Registered office moved from Ostend to Tienen 12-11Incorporation 25-031 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€1.1m 102% of the balance sheet
Financial debts 65%Suppliers 20%Other 14%
Of this, €370,544 falls due within a year.
Position in the sector
-€25,820
Lower net result than 91% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 37% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 3.8%
05-2026: 3.8%● unchanged vs 04-2026
06-2026: 3.9%▲ +0.1 percentage points vs 05-2026
07-2026: 4.3%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 1.1%▼ -3.2 percentage points vs 07-2026lowest value
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.2%▲ +0.1 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€21,820
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 27-07-2026)
Size: total assets €1.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 18% of them on solvency, 74% on liquidity and 20% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 152 companies had the same profile as VFB has now. Each dot is one company, two years later.
98.7%
were still trading
0.7%
stopped another way
0.0%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VFB itself is higher: 1.2% within 12 months. It rests on far more data about VFB than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 152 companies, not a prediction for VFB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 1.61, above the usual 1.5. Short-term debt is 35.4% and cash 26.7% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 27-07-2026, 4 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
4 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
SC
SJV Consulting Comm.V.
Director, Jona Verdonck
- VERMAELEN Steve 4,000 sharesdeed of 25-03-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021319136
Registered office moved from Ostend to Tienen
New registered office: Grijpenlaan 24 te 3300 Tienen · Previous registered office: Kaaistraat 1A/301 te 8400 Oostende · Appointment: SJV Consulting Comm.V. (director) · General meeting of 01-10-2025 · Gazette deed
Incorporation
Founding capital of €4,000, 4,000 shares · Founder: VERMAELEN Steve · Appointment: VERMAELEN Steve (director) · published on 25-03-2025 · Gazette deed
First establishment
Grijpenlaan 24, Tienen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VFB Tienen | - | - | -2.1% | - |
| MALUCO Scherpenheuvel-Zichem | - | - | -9.3% | 1 |
| BRI&CO Kampenhout | €299,187 | -48.1% | 15.3% | - |
| Belgian & Italian Ceramic Group Boom | - | - | 0.3% | - |
| IXIR BOUWMATERIALEN Antwerp | - | - | -4.6% | - |
| COLISEUM CONSTRUCTION Watermael-Boitsfort | - | - | -40.6% | - |
| AKA S GROUP Sint-Pieters-Leeuw | €169,887 | -11.3% | -39.8% | - |
These companies have the same main activity as VFB: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €242,000 and €1.6m, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 21-03-2025Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521and 5 others
- Establishment unit
- 2.372.325.0403300 Tienen, since 21-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Annual accounts 2025
- €1.0m
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on VFB
VFB has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€21,820) and a net result of -€25,820.
Its solvency ranks better than 21% of 22,924 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VFB
- What is the company number of VFB?
- The company number of VFB is 1021.319.136. The VAT number is the same number with BE in front: BE 1021.319.136.
- Where is VFB based?
- The registered office is at Grijpenlaan 24, 3300 Tienen.Company details
- What does VFB do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of VFB?
- VFB is a private limited company (BV).
- When was VFB founded?
- VFB was founded on 21-03-2025.
- Is VFB still active?
- Yes, VFB is an active enterprise in the KBO register.
- What is the turnover of VFB?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VFB profitable?
- In financial year 2025, VFB made a loss of €25,820.
- Where can I find the annual accounts of VFB?
- VFB filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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