VH Development
The computed 12-month bankruptcy probability of VH Development is 1.8% (moderate). The 2025 annual accounts show negative equity (€-64k) and a net result of €-68k. Equity is shrinking by ~246.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 205 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-64k |
| Net result | €-68k |
| Better than sector | 14% |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1.2% | 31.0% | |
| Net result | €-68k | €9k | |
| Equity | €-64k | €503k | |
| Gross operating margin | €-25k | €78k | |
| Employees (FTE) | 0.0 | 1.3 |
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-68k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.58M |
| Equity | €-64k |
| Debt | €5.64M |
| of which ≤ 1y | €3.82M |
| of which > 1y | €1.80M |
| Working capital | €-1.46M |
| Employees (FTE) | 0.0 |
| 2025 | |
|---|---|
| Current ratio | 0.62 |
| Quick ratio | 0.09 |
| Working capital ratio | -26.2% |
| Solvency | -1.2% |
| Debt / equity | -87.56 |
| Long-term debt ratio | -27.99 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -1.2% |
| ROE | 105.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.58M |
| Fixed assets | 21/28 | €3.22M |
| Financial fixed assets | 28 | €3.22M |
| Current assets | 29/58 | €2.36M |
| Stocks & contracts in progress | 3 | €2.02M |
| Amounts receivable within one year | 40/41 | €65k |
| Cash & bank | 54/58 | €272k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.58M |
| Equity | 10/15 | €-64k |
| Contributions / capital | 10/11 | €56k |
| Accumulated profits (losses) | 14 | €-120k |
| Amounts payable | 17/49 | €5.64M |
| Amounts payable after one year | 17 | €1.80M |
| Amounts payable within one year | 42/48 | €3.82M |
| Trade debts payable within one year | 44 | €351k |
| Income statement | ||
| Gross operating margin | 9900 | €-25k |
| Operating result | 9901 | €-69k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €574 |
| Result before taxes | 9903 | €-68k |
| Net result for the period | 9904 | €-68k |
| Result to be appropriated | 9905 | €-68k |
-
DOUBLIER Yann Thibault AlainDirectorState Gazette act 23316665 (23-02-2023)Current23-02-2023 → present
Former directors (1)
-
LARRALDE Pierre ClaudeDirectorState Gazette act 23316665 (23-02-2023)Former- → 23-02-2023
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 16-12-2021 |
| Status | Active |
| Postal code | 1180 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 m² | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-04-2023 Marion de Crombrugghe appointed as daily management correction
- Marion de Crombrugghe, Dagelijks bestuur
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}23-02-2023 3 directors appointed, 1 resigning
- Angélique Mitrugno, Commissaris
- DOUBLIER Yann Thibault Alain, Bestuurder
- BESTGEN Rodolphe, Directeur
- LARRALDE Pierre Claude, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | VH Development |