VICK'S PROJECTS
ActiveSummary
VICK'S PROJECTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€223,917) and a net result of €622. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+75
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.06 in 2024; cash: 37.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Return on assets
4.9%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 5%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
29 d late
2023
1 d early
2022
27 d early
2021
99 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 July (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€223,917▲ 0.3%
2024 · -€224,539
Total assets
€12,606▼ 32.5%
2024 · €18,683
Net result
€622
2024 · -€16,521
Working capital
-€226,333▲ 0.8%
2024 · -€228,055
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€18,141▼ 1.2%€7,037-€4,372-€16,048▼ 267%€1,077
Net result-€18,576below the sector's middle half▼ 1.2%€6,613within the sector's middle half-€5,015below the sector's middle half-€16,521below the sector's middle half▼ 229%€622within the sector's middle half
Equity-€209,615below the sector's middle half▼ 9.7%-€203,003below the sector's middle half▲ 3.2%-€208,018below the sector's middle half▼ 2.5%-€224,539below the sector's middle half▼ 7.9%-€223,917below the sector's middle half▲ 0.3%
Total assets€3,547below the sector's middle half▼ 40.8%€17,594below the sector's middle half▲ 396%€13,862below the sector's middle half▼ 21.2%€18,683below the sector's middle half▲ 34.8%€12,606below the sector's middle half▼ 32.5%
Debt€213,162▲ 8.2%€220,596▲ 3.5%€221,879▲ 0.6%€243,222▲ 9.6%€236,524▼ 2.8%
Working capital-€210,245below the sector's middle half▼ 9.5%-€203,009below the sector's middle half▲ 3.4%-€209,257below the sector's middle half▼ 3.1%-€228,055below the sector's middle half▼ 9.0%-€226,333below the sector's middle half▲ 0.8%
Solvency
Current ratio0.07below the sector's middle half0.06below the sector's middle half▼ 0.010.06below the sector's middle half=0.04below the sector's middle half▼ 0.02
Return on assets (ROA)37.6%above the sector's middle half-36.2%below the sector's middle half▼ 73.8pp-88.4%below the sector's middle half▼ 52.3pp4.9%within the sector's middle half▲ 93.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,077 after a loss of €16,048 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,606
Fixed assets
€2,611 ▼ 38.0%
Current assets
€9,995 ▼ 30.9%
Key figures and ratios
EBITDA
€2,679▲
2024 · -€14,498
Cash flow
€2,224▲
2024 · -€14,971
Debt to equity
-1.06▲
2024 · -1.08
Interest coverage
30.57▲
2024 · -47.15
Debt ≤ 1 year
€236,328▼
2024 · €242,524
Income taxes
€371▼
2024 · €379
A ratio outside any meaningful range has been withheld (balance sheet total €12,606, equity -€223,917).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291 | €661 | €872 | €1,550 | €1,602 | ▲ 3.4% |
| Other operating charges640/8 | €900 | €617 | €774 | €547 | €592 | ▲ 8.4% |
| Gross operating margin9900 | -€16,950 | €8,314 | -€2,726 | -€13,951 | €3,271 | ▲ 123% |
| Operating profit (loss)9901 | -€18,141 | €7,037 | -€4,372 | -€16,048 | €1,077 | ▲ 107% |
| Financial income75/76B | - | €1 | €4 | €213 | €4 | ▼ 98.1% |
| Recurring financial income75 | - | €1 | €4 | €213 | €4 | ▼ 98.1% |
| Financial charges65/66B | €64 | €54 | €276 | €308 | €88 | ▼ 71.5% |
| Recurring financial charges65 | €64 | €54 | €276 | €308 | €88 | ▼ 71.5% |
| Profit (loss) for the period before taxes9903 | -€18,205 | €6,984 | -€4,644 | -€16,142 | €993 | ▲ 106% |
| Income taxes67/77 | €371 | €371 | €371 | €379 | €371 | ▼ 2.1% |
| Profit (loss) for the period9904 | -€18,576 | €6,613 | -€5,015 | -€16,521 | €622 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€18,576 | €6,613 | -€5,015 | -€16,521 | €622 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,547 | €17,594 | €13,862 | €18,683 | €12,606 | ▼ 32.5% |
| Fixed assets21/28 | €630 | €2,111 | €1,240 | €4,214 | €2,611 | ▼ 38.0% |
| Tangible fixed assets22/27 | €630 | €2,111 | €1,240 | €4,214 | €2,611 | ▼ 38.0% |
| Plant, machinery and equipment23 | €630 | €2,111 | €1,240 | €2,393 | €1,201 | ▼ 49.8% |
| Furniture and vehicles24 | - | - | - | €1,821 | €1,410 | ▼ 22.6% |
| Current assets29/58 | €2,917 | €15,482 | €12,622 | €14,469 | €9,995 | ▼ 30.9% |
| Amounts receivable within one year40/41 | - | €6,002 | €6,670 | €11,116 | €4,501 | ▼ 59.5% |
| Trade receivables40 | - | €6,002 | €6,670 | €11,116 | €4,501 | ▼ 59.5% |
| Cash at bank and in hand54/58 | €2,266 | €9,481 | €3,856 | €2,235 | €4,687 | ▲ 110% |
| Deferred charges and accrued income490/1 | €652 | - | €2,096 | €1,117 | €807 | ▼ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,547 | €17,594 | €13,862 | €18,683 | €12,606 | ▼ 32.5% |
| Equity10/15 | -€209,615 | -€203,003 | -€208,018 | -€224,539 | -€223,917 | ▲ 0.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | €12,400 | - | - | - | - |
| Other1109/19 | - | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | -€222,015 | -€215,403 | -€220,418 | -€236,939 | -€236,317 | ▲ 0.3% |
| Amounts payable17/49 | €213,162 | €220,596 | €221,879 | €243,222 | €236,524 | ▼ 2.8% |
| Amounts payable within one year42/48 | €213,162 | €218,491 | €221,879 | €242,524 | €236,328 | ▼ 2.6% |
| Financial debts43 | - | €923 | €1,085 | €1,055 | €65 | ▼ 93.8% |
| Credit institutions430/8 | - | €923 | €1,085 | €1,055 | €65 | ▼ 93.8% |
| Trade debts44 | €2,233 | €2,240 | €3,491 | €6,858 | €71 | ▼ 99.0% |
| Suppliers440/4 | €2,233 | €2,240 | €3,491 | €6,858 | €71 | ▼ 99.0% |
| Taxes, remuneration and social security45 | €740 | €742 | €1,643 | €1,473 | €2,349 | ▲ 59.5% |
| Taxes450/3 | €740 | €742 | €1,643 | €1,473 | €2,349 | ▲ 59.5% |
| Other amounts payable47/48 | €210,189 | €214,587 | €215,661 | €233,138 | €233,842 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | €2,105 | €0 | €698 | €196 | ▼ 71.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,576 | €6,613 | -€5,015 | -€16,521 | €622 | ▲ 104% |
| + Depreciation and write-downs630 | €291 | €661 | €872 | €1,550 | €1,602 | ▲ 3.4% |
| Operating cash flow (approximation) | -€18,285 | €7,274 | -€4,143 | -€14,971 | €2,224 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€2,143 | €0 | -€4,524 | €0 | ▲ 100% |
| Change in cash | - | €7,215 | -€5,625 | -€1,621 | €2,452 | ▲ 251% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €622
Net result €622 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,613
Net result €6,613 after 4 loss-making years.
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Overijse · 1 establishment unit since 2006
Ground area
1,492 m²
Building footprint
143 m²
Parcel 23062N0042/00H005, Flanders. Linked by address, not a title deed.
1 establishment unit
V_PROJECTS
since 20062.155.357.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0042/00H005 | Flanders | 1,492 m² | 1 · 143 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 395 EUR awarded · 395 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 172 EUR |
| 2023 | 1 | 172 EUR | 0 EUR |
| 2022 | 1 | 223 EUR | 223 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-05-2006
Fiscal year end31-12
Abbreviation NL
V-PROJECTS
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46492Wholesale trade
46499Wholesale of other household goods
46900Non-specialised wholesale trade
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
E-mail
v-projects@v-projects.be
E-mail
vick.verhaeghe@pandora.beOverijse
Phone
0477/33.64.29Overijse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881277266
Also
9925:BE0881277266
Registered
19-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.