VH-PROJECTS
ActiveVH-PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+28
Solvency66▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.58 in 2024; short-term debt: 57.9% and cash: 0.2% of total assets), but 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41%
Return on assets
23%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €96k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
40 d late
2023
on the day
2022
20 d early
2021
31 d late
2020
37 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 128%
2024 · €42k
2018: €-79k
2019: €-4k
2020: €26k
2021: €30k
2022: €26k
2023: €23k
2024: €42k
2018 → 2025
Total assets
€235k▲ 38.9%
2024 · €169k
2018: €21
2019: €93k
2020: €140k
2021: €113k
2022: €112k
2023: €70k
2024: €169k
2018 → 2025
Net result
€54k▲ 182%
2024 · €19k
2018: €-410
2019: €74k
2020: €30k
2021: €4k
2022: €-3k
2023: €-3k
2024: €19k
2018 → 2025
Working capital
€82k▲ 51.2%
2024 · €54k
2018: €-79k
2019: €-4k
2020: €26k
2021: €30k
2022: €26k
2023: €46k
2024: €54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€26k▼ 11.5%€23k▼ 11.6%€42k▲ 82.7%€96k▲ 128%
Operating result€4k-€-3k€-3k▲ 14.9%€32k€86k▲ 170%
Net result€4k-€-3k€-3k▲ 10.8%€19k€54k▲ 182%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 170% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€17k▼ 20.4%
Current assets
€218k▲ 47.3%
Equity and liabilities €235k
Equity
€96k▲ 128%
Debt
€139k▲ 9.3%
The debt ratio falls from 75.0% to 59.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €35k
Cash flow
€58k▲
2024 · €22k
Solvency
41.0%▲
2024 · 25.0%
Current ratio
1.60▲
2024 · 1.58
Quick ratio
1.60▲
2024 · 1.58
Debt / equity
1.44▼
2024 · 3.00
ROE
56.1%▲
2024 · 45.3%
ROA
23.0%▲
2024 · 11.3%
Interest coverage
7.60▲
2024 · 4.31
Debt
€139k▲
2024 · €127k
Debt ≤ 1 year
€136k▲
2024 · €94k
Debt > 1 year
€3k▼
2024 · €10k
Income taxes
€24k▲
2024 · €6k
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€169k€235k▲
Fixed assets21/28€21k€17k▼
Tangible fixed assets22/27€19k€14k▼
Furniture and vehicles24€19k€14k▼
Financial fixed assets28€3k€3k=
Current assets29/58€148k€218k▲
Amounts receivable after more than one year29€77k€103k▲
Other amounts receivable291€77k€103k▲
Amounts receivable within one year40/41€47k€105k▲
Trade receivables40€20k€43k▲
Other amounts receivable41€28k€62k▲
Cash at bank and in hand54/58€0€462▲
Deferred charges and accrued income490/1€23k€10k▼
Equity and liabilities
Total equity and liabilities10/49€169k€235k▲
Equity10/15€42k€96k▲
Contributions10/11€19k€19k=
Reserves13€19k€73k▲
Distributable reserves133€19k€73k▲
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€127k€139k▲
Amounts payable after more than one year17€10k€3k▼
Financial debts170/4€10k€3k▼
Amounts payable within one year42/48€94k€136k▲
Current portion of amounts payable after more than one year42€7k€10k▲
Financial debts43€24k€22k▼
Credit institutions430/8€24k€22k▼
Trade debts44€27k€79k▲
Suppliers440/4€27k€79k▲
Taxes, remuneration and social security45€12k€26k▲
Taxes450/3€12k€26k▲
Other amounts payable47/48€23k€0▼
Accrued charges and deferred income492/3€23k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€36k€93k▲
Operating profit (loss)9901€32k€86k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€25k€78k▲
Income taxes67/77€6k€24k▲
Profit (loss) for the period9904€19k€54k▲
Profit (loss) for the period to be appropriated9905€19k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€58k▲
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer to equity691/2€19k€54k▲
To other reserves6921€19k€54k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.92
Current ratio from 1.30 to 2.92; short-term debt falls from €86k to €24k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-3k ▼188%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Pelt · 1 establishment unit since 2013
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.
Zwamstraat 303900 PeltGround area
1,687 m²
Building footprint
151 m²
Volume, LiDAR
652 m³
Parcel 72502D0605/00E000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VH-Projects
since 20132.225.061.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502D0605/00E000 | Flanders | 1,687 m² | 1 · 151 m² | 7.1 m · 1 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
Recognised contractor
5 categoriesVH-PROJECTS BV#10174
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,355. 3,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-2011
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
41001General construction of residential buildings
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.
Contact details
2 entriesE-mail:tomvangeneugden@gmail.com
Phone:0478/428619