VICTORY - BE
Active1 interim measureThe file of VICTORY - BE contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €295k and a net result of €58k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 4539 sector peers (fiscal year 2025).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-7
Solvency46▲+5
Growth52▼-26
Track record80
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity short (current ratio 0.56 against 0.45 in 2024; short-term debt: 54.4% and cash: 16.1% of total assets), and 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
20.5%
Return on assets
4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
20 d late
2023
48 d late
2022
6 d early
2021
16 d late
2020
30 d late
2019
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€58k▼ 60.8%
2024 · €147k
2019: €110k
2020: €-114k
2021: €12k
2022: €81k
2023: €-91k
2024: €147k
2019 → 2025
Working capital
€-341k▲ 29.5%
2024 · €-483k
2019: €-525k
2020: €-576k
2021: €-581k
2022: €-505k
2023: €-607k
2024: €-483k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€186k▲ 73.7%€94k▼ 49.5%€239k▲ 154%€295k▲ 23.4%
Operating result€31k-€100k▲ 223%€-74k€197k€110k▼ 44.1%
Net result€12k-€81k▲ 552%€-91k€147k€58k▼ 60.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€998k▼ 10.0%
Current assets
€441k▲ 12.7%
Equity and liabilities €1.44M
Equity
€295k▲ 23.4%
Debt
€1.14M▼ 9.3%
The debt ratio falls from 84.0% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€199k▼
2024 · €289k
Cash flow
€147k▼
2024 · €239k
Solvency
20.5%▲
2024 · 16.0%
Current ratio
0.56▲
2024 · 0.45
Quick ratio
0.56▲
2024 · 0.45
Debt / equity
3.87▼
2024 · 5.27
ROE
19.5%▼
2024 · 61.3%
ROA
4.0%▼
2024 · 9.8%
Interest coverage
25.90▲
2024 · 13.84
Debt
€1.14M▼
2024 · €1.26M
Debt ≤ 1 year
€782k▼
2024 · €875k
Debt > 1 year
€323k▼
2024 · €374k
Income taxes
€36k▲
2024 · €31k
Staff costs
€383k▲
2024 · €375k
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€1.50M€1.44M▼
Fixed assets21/28€1.11M€998k▼
Tangible fixed assets22/27€1.08M€995k▼
Land and buildings22€1.00M€943k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€79k€50k▼
Financial fixed assets28€25k€3k▼
Current assets29/58€392k€441k▲
Amounts receivable within one year40/41€253k€152k▼
Trade receivables40€200k€152k▼
Other amounts receivable41€54k€0▼
Cash at bank and in hand54/58€125k€232k▲
Deferred charges and accrued income490/1€14k€57k▲
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.44M▼
Equity10/15€239k€295k▲
Contributions10/11€56k€56k=
Reserves13€173k€231k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€167k€225k▲
Investment grants15€10k€9k▼
Amounts payable17/49€1.26M€1.14M▼
Amounts payable after more than one year17€374k€323k▼
Financial debts170/4€370k€319k▼
Other amounts payable178/9€4k€4k▲
Amounts payable within one year42/48€875k€782k▼
Current portion of amounts payable after more than one year42€55k€56k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€237k€229k▼
Suppliers440/4€237k€229k▼
Taxes, remuneration and social security45€123k€104k▼
Taxes450/3€52k€49k▼
Remuneration and social security454/9€72k€55k▼
Other amounts payable47/48€460k€393k▼
Accrued charges and deferred income492/3€11k€39k▲
Income statement
Code20242025
Remuneration, social security and pensions62€375k€383k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€89k▼
Other operating charges640/8€9k€76k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€673k€658k▼
Operating profit (loss)9901€197k€110k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Non-recurring financial income76B€373€0▼
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€8k▼
Non-recurring financial charges66B-€10k
Profit (loss) for the period before taxes9903€178k€94k▼
Income taxes67/77€31k€36k▲
Profit (loss) for the period9904€147k€58k▼
Profit (loss) for the period to be appropriated9905€147k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€147k€58k▼
Transfer from equity791/2€0-
Transfer to equity691/2€147k€58k▼
To other reserves6921€147k€58k▼
Social balance
Average headcount (FTE)90877.47.4=
The notes to these accounts (23 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
29-07
Interim measure
Provisional administrator
Ondernemingsrechtbank Leuven
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
31-03
Financial
Back to profitnet €147k
Net result €147k after one loss-making year.
31-03
Financial
Equity above €200kEq €239k ▲154%
Equity rises from €94k to €239k.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 48 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €150kEq €186k ▲73.7%
2 profitable years in a row build equity to €186k.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
31-03
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-03
Financial
Equity above €100kEq €107k ▲11.1%
Equity rises from €97k to €107k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
31-03
Financial
Weakest financial yearnet €-114k ▼205%
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grez-Doiceau · 1 establishment unit since 2002
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.
R.d.Weert-Saint-Georges 1681390 Grez-Doiceau1 establishment unit
R.d.Weert-Saint-Georges 168, 1390 Grez-Doiceau
since 20022.115.272.268
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,908. 4,973 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-06-2000
Fiscal year end31-03
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
74501
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@victory-be.be
Phone:010/24.37.93