VFE

Active

Private limited companyfounded 200818 yrs activeEikenlaan 22, 1180 Ukkel, BelgiumKBO/BCE: BE 0898.207.528

The computed 12-month bankruptcy probability of VFE is 2.6% (moderate). The 2025 annual accounts show negative equity (€-2.08M) and a net result of €-100k. Equity is shrinking by ~6.2% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

26 / 100

Weak= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability24▼-1

Solvency33=

Growth58=

Stability100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.0 against 0.0 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2025

Solvency, return and age of the figures

Solvency

-196.5%

Return on assets

-9.4%

Age of the figures

8 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€2.1M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

1 d early

2023

on the day

2022

3 d early

2021

4 d early

2020

4 d early

2019

2 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-100k▲ 0.7%

2024 · €-100k

2018: €-127k 2019: €-112k 2020: €-112k 2021: €-109k 2022: €-107k 2023: €-103k 2024: €-100k

2018 → 2025

Working capital

€-3.14M▲ 0.8%

2024 · €-3.16M

2018: €-3.27M 2019: €-3.26M 2020: €-3.24M 2021: €-3.23M 2022: €-3.21M 2023: €-3.19M 2024: €-3.16M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-1.67M-€-1.78M▼ 6.4%€-1.88M▼ 5.8%€-1.98M▼ 5.3%€-2.08M▼ 5.0%

Operating result€-109k-€-107k▲ 2.3%€-103k▲ 3.8%€-100k▲ 2.2%€-100k▲ 0.7%

Net result€-109k-€-107k▲ 2.3%€-103k▲ 3.8%€-100k▲ 2.2%€-100k▲ 0.7%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €100k in 2025 against €100k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.06M

99.8%

Fixed assets €1.06M▼ 10.7%

Current assets €2k▲ 1,323%

Key figures and ratios

2025 value · change against 2024

EBITDA

€27k▲

2024 · €26k

Cash flow

€27k▲

2024 · €26k

Solvency

-196.5%▼

2024 · -167.5%

Current ratio

0.00▲

2024 · 0.00

Quick ratio

0.00▲

2024 · 0.00

Debt / equity

-1.51▲

2024 · -1.60

ROE

4.8%▼

2024 · 5.1%

ROA

-9.4%▼

2024 · -8.5%

Interest coverage

1769.88▲

2024 · 1716.05

Debt

€3.14M▼

2024 · €3.16M

Debt ≤ 1 year

€3.14M▼

2024 · €3.16M

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€1.18M€1.06M▼

Fixed assets21/28€1.18M€1.06M▼

Tangible fixed assets22/27€1.18M€1.06M▼

Land and buildings22€641k€607k▼

Plant, machinery and equipment23€542k€450k▼

Current assets29/58€157€2k▲

Cash at bank and in hand54/58€157€2k▲

Equity and liabilities

Total equity and liabilities10/49€1.18M€1.06M▼

Equity10/15€-1.98M€-2.08M▼

Contributions10/11€12k€12k=

Outside capital11€12k-

Share premium1100/10€12k-

Profit (loss) carried forward14€-1.99M€-2.09M▼

Amounts payable17/49€3.16M€3.14M▼

Amounts payable within one year42/48€3.16M€3.14M▼

Other amounts payable47/48€3.16M€3.14M▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€126k▲

Other operating charges640/8€6k€6k▲

Gross operating margin9900€31k€32k▲

Operating profit (loss)9901€-100k€-100k▲

Financial charges65/66B€15€15=

Recurring financial charges65€15€15=

Profit (loss) for the period before taxes9903€-100k€-100k▲

Profit (loss) for the period9904€-100k€-100k▲

Profit (loss) for the period to be appropriated9905€-100k€-100k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.99M€-2.09M▼

Profit (loss) brought forward from the previous period14P€-1.89M€-1.99M▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07