VILLA 23
ActiveSummary
VILLA 23 has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €705k and a net result of €58k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-8
Solvency93▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.34 in 2024; short-term debt: 31.8% and cash: 15.4% of total assets), and 31.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
68.2%
Return on assets
5.6%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
114 d late
2022
24 d late
2021
75 d late
2020
84 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€705k▲ 5.4%
2024 · €669k
2018: €304k
2019: €288k▼ -5.5% vs 2018lowest in 8 years
2020: €325k▲ +13.1% vs 2019
2021: €326k▲ +0.1% vs 2020
2022: €399k▲ +22.5% vs 2021
2023: €577k▲ +44.5% vs 2022
2024: €669k▲ +16.0% vs 2023
2025: €705k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.03M▲ 11.5%
2024 · €928k
2018: €987k
2019: €642k▼ -35.0% vs 2018
2020: €480k▼ -25.2% vs 2019lowest in 8 years
2021: €508k▲ +5.9% vs 2020
2022: €533k▲ +4.8% vs 2021
2023: €787k▲ +47.8% vs 2022
2024: €928k▲ +17.8% vs 2023
2025: €1.03M▲ +11.5% vs 2024highest in 8 years
2018 → 2025
Net result
€58k▼ 49.4%
2024 · €114k
2018: €136k
2019: €-17k▼ -112% vs 2018lowest in 8 years
2020: €69k▲ +515% vs 2019
2021: €385▼ -99.4% vs 2020
2022: €73k▲ +18940% vs 2021
2023: €178k▲ +143% vs 2022highest in 8 years
2024: €114k▼ -36.0% vs 2023
2025: €58k▼ -49.4% vs 2024
2018 → 2025
Working capital
€343k▲ 6.5%
2024 · €322k
2018: €-305klowest in 8 years
2019: €-89k▲ +70.7% vs 2018
2020: €62k▲ +169% vs 2019
2021: €-3k▼ -104% vs 2020
2022: €71k▲ +2858% vs 2021
2023: €217k▲ +205% vs 2022
2024: €322k▲ +48.2% vs 2023
2025: €343k▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€326k-€399k▲ 22.5%€577k▲ 44.5%€669k▲ 16.0%€705k▲ 5.4%
2021: €326klowest in 5 years
2022: €399k▲ +22.5% vs 2021
2023: €577k▲ +44.5% vs 2022
2024: €669k▲ +16.0% vs 2023
2025: €705k▲ +5.4% vs 2024highest in 5 years
Operating result€30k-€106k▲ 253%€254k▲ 139%€173k▼ 32.1%€83k▼ 51.8%
2021: €30klowest in 5 years
2022: €106k▲ +253% vs 2021
2023: €254k▲ +139% vs 2022highest in 5 years
2024: €173k▼ -32.1% vs 2023
2025: €83k▼ -51.8% vs 2024
Net result€385-€73k▲ 18,940%€178k▲ 143%€114k▼ 36.0%€58k▼ 49.4%
2021: €385lowest in 5 years
2022: €73k▲ +18940% vs 2021
2023: €178k▲ +143% vs 2022highest in 5 years
2024: €114k▼ -36.0% vs 2023
2025: €58k▼ -49.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€362k ▼ 0.7%
Current assets
€672k ▲ 19.3%
Equity and liabilities €1.03M
Equity
€705k ▲ 5.4%
Debt
€329k ▲ 27.1%
Debt's share of the balance-sheet total rises from 27.9% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€147k▼
2024 · €230k
Cash flow
€122k▼
2024 · €171k
Current ratio
2.04▼
2024 · 2.34
Debt to equity
0.47▲
2024 · 0.39
ROE
8.2%▼
2024 · 17.0%
ROA
5.6%▼
2024 · 12.3%
Interest coverage
45.68▲
2024 · 35.01
Debt ≤ 1 year
€329k▲
2024 · €241k
Income taxes
€30k▼
2024 · €54k
Staff costs
€179k▲
2024 · €139k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€928k€1.03M▲
Fixed assets21/28€364k€362k▼
Tangible fixed assets22/27€364k€362k▼
Land and buildings22€181k€167k▼
Plant, machinery and equipment23€60k€51k▼
Furniture and vehicles24€27k€29k▲
Other tangible fixed assets26€96k€115k▲
Current assets29/58€564k€672k▲
Amounts receivable after more than one year29€122k€117k▼
Other amounts receivable291€122k€117k▼
Amounts receivable within one year40/41€274k€395k▲
Trade receivables40€226k€350k▲
Other amounts receivable41€48k€45k▼
Cash at bank and in hand54/58€165k€159k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€928k€1.03M▲
Equity10/15€669k€705k▲
Contributions10/11€12k€12k=
Reserves13€82k€132k▲
Distributable reserves133€82k€132k▲
Profit (loss) carried forward14€575k€561k▼
Amounts payable17/49€259k€329k▲
Amounts payable after more than one year17€18k-
Financial debts170/4€18k-
Amounts payable within one year42/48€241k€329k▲
Current portion of amounts payable after more than one year42€24k€18k▼
Trade debts44€54k€185k▲
Suppliers440/4€54k€185k▲
Taxes, remuneration and social security45€142k€105k▼
Taxes450/3€115k€73k▼
Remuneration and social security454/9€27k€32k▲
Other amounts payable47/48€22k€22k=
Income statement
Code20242025
Remuneration, social security and pensions62€139k€179k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€64k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k-
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€378k€334k▼
Operating profit (loss)9901€173k€83k▼
Financial income75/76B€2k€8k▲
Recurring financial income75€2k€8k▲
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€168k€88k▼
Income taxes67/77€54k€30k▼
Profit (loss) for the period9904€114k€58k▼
Profit (loss) for the period to be appropriated9905€114k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€676k€632k▼
Profit (loss) brought forward from the previous period14P€563k€575k▲
Transfer to equity691/2€80k€50k▼
To contributions691€80k-
To other reserves6921-€50k
Profit to be distributed694/7€22k€22k=
Return on contributions (dividend)694€22k€22k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €82k | €92k | €119k | €139k | €179k | ▲ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €45k | €53k | €57k | €64k | ▲ 11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | €-1k | - | - |
| Other operating charges640/8 | €3k | €3k | €6k | €5k | €7k | ▲ 33.1% |
| Non-recurring operating charges66A | €61k | - | €28k | €4k | - | - |
| Gross operating margin9900 | €216k | €247k | €461k | €378k | €334k | ▼ 11.6% |
| Operating profit (loss)9901 | €30k | €106k | €254k | €173k | €83k | ▼ 51.8% |
| Financial income75/76B | €501 | €605 | €282 | €2k | €8k | ▲ 306% |
| Recurring financial income75 | €501 | €605 | €282 | €2k | €8k | ▲ 306% |
| Financial charges65/66B | €7k | €8k | €15k | €7k | €3k | ▼ 50.9% |
| Recurring financial charges65 | €7k | €8k | €15k | €7k | €3k | ▼ 50.9% |
| Non-recurring financial charges66B | €575 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €24k | €99k | €240k | €168k | €88k | ▼ 47.7% |
| Income taxes67/77 | €23k | €25k | €62k | €54k | €30k | ▼ 44.2% |
| Profit (loss) for the period9904 | €385 | €73k | €178k | €114k | €58k | ▼ 49.4% |
| Profit (loss) for the period to be appropriated9905 | €385 | €73k | €178k | €114k | €58k | ▼ 49.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €508k | €533k | €787k | €928k | €1.03M | ▲ 11.5% |
| Fixed assets21/28 | €383k | €353k | €401k | €364k | €362k | ▼ 0.7% |
| Tangible fixed assets22/27 | €383k | €353k | €401k | €364k | €362k | ▼ 0.7% |
| Land and buildings22 | €253k | €224k | €196k | €181k | €167k | ▼ 7.7% |
| Plant, machinery and equipment23 | €2k | €3k | €74k | €60k | €51k | ▼ 14.4% |
| Furniture and vehicles24 | €4k | €7k | €19k | €27k | €29k | ▲ 5.4% |
| Other tangible fixed assets26 | €124k | €119k | €109k | €96k | €115k | ▲ 19.3% |
| Assets under construction and advance payments27 | - | - | €2k | - | - | - |
| Current assets29/58 | €125k | €180k | €387k | €564k | €672k | ▲ 19.3% |
| Amounts receivable after more than one year29 | - | - | - | €122k | €117k | ▼ 4.2% |
| Other amounts receivable291 | - | - | - | €122k | €117k | ▼ 4.2% |
| Amounts receivable within one year40/41 | €99k | €145k | €214k | €274k | €395k | ▲ 44.1% |
| Trade receivables40 | €93k | €145k | €190k | €226k | €350k | ▲ 54.8% |
| Other amounts receivable41 | €6k | - | €24k | €48k | €45k | ▼ 6.6% |
| Cash at bank and in hand54/58 | €26k | €35k | €170k | €165k | €159k | ▼ 3.7% |
| Deferred charges and accrued income490/1 | €132 | €678 | €3k | €2k | €2k | ▼ 32.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €508k | €533k | €787k | €928k | €1.03M | ▲ 11.5% |
| Equity10/15 | €326k | €399k | €577k | €669k | €705k | ▲ 5.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €82k | €132k | ▲ 61.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €82k | €132k | ▲ 61.1% |
| Profit (loss) carried forward14 | €312k | €385k | €563k | €575k | €561k | ▼ 2.4% |
| Amounts payable17/49 | €183k | €134k | €211k | €259k | €329k | ▲ 27.1% |
| Amounts payable after more than one year17 | €55k | €25k | €41k | €18k | - | - |
| Financial debts170/4 | €55k | €25k | €41k | €18k | - | - |
| Amounts payable within one year42/48 | €128k | €109k | €169k | €241k | €329k | ▲ 36.4% |
| Current portion of amounts payable after more than one year42 | €25k | €30k | €59k | €24k | €18k | ▼ 27.9% |
| Trade debts44 | €16k | €743 | €18k | €54k | €185k | ▲ 245% |
| Suppliers440/4 | €16k | €743 | €18k | €54k | €185k | ▲ 245% |
| Taxes, remuneration and social security45 | €51k | €54k | €92k | €142k | €105k | ▼ 26.1% |
| Taxes450/3 | €35k | €35k | €70k | €115k | €73k | ▼ 37.0% |
| Remuneration and social security454/9 | €17k | €19k | €22k | €27k | €32k | ▲ 21.3% |
| Other amounts payable47/48 | €35k | €24k | - | €22k | €22k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €385 | €73k | €178k | €114k | €58k | ▼ 49.4% |
| + Depreciation and write-downs630 | €39k | €45k | €53k | €57k | €64k | ▲ 11.6% |
| Operating cash flow (approximation) | €40k | €118k | €231k | €171k | €122k | ▼ 28.9% |
| Investment in fixed assets (approximation) | - | €-14k | €-101k | €-21k | €-62k | ▼ 193% |
| Change in cash | - | €8k | €135k | €-4k | €-6k | ▼ 36.4% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
31-12
Financial
Highest result since 2018net €178k ▲143%
Operating result €254k, net result €178k, both a record.
31-12
Financial
Equity above €500kEq €577k ▲44.5%
4 profitable years in a row build equity to €577k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 84 days late
2020
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.72
Current ratio from 0.65 to 1.72; short-term debt falls from €257k to €86k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
Show earlier events
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tubize · 2 establishment units since 2008
Ground area
1,764 m²
Building footprint
191 m²
Volume, LiDAR
2,477 m³
2 parcels, Wallonia · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Villa 23
since 20082.241.487.282
VILLA23 - Succursale
since 20242.358.719.207
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0413/00K022 | Wallonia | 1,483 m² | 1 · 97 m² | 15.8 m · 4 fl. |
| 25105B0169/00Y012 | Wallonia | 281 m² | 1 · 94 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 3,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
thierry.loncke@villa23.be
Phone
+32486259535
Scores and ratios are computed by Checked and are not a credit decision.