VIVENDI PROJECTS
ActiveThe file of VIVENDI PROJECTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.1% (low). The 2025 annual accounts show equity of €51,768 and a net result of -€26,748. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 28254 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+3
Solvency49▲+4
Growth78▲+26
Track record85
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.21 in 2024; short-term debt: 68.6% and cash: 6.5% of total assets), and 76.3% of the assets are financed with debt.
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Signals
Six 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
Specialised construction activities (NACE 43)
about 85% more 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
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
Solvency
23.7%
Return on assets
-12.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€26,748
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
72 d early
2023
100 d late
2022
70 d late
2021
47 d late
2020
30 d early
2019
38 d early
← 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 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€51,768▼ 34.1%
2024 · €78,516
Total assets
€218,458▼ 45.2%
2024 · €398,855
Net result
-€26,748▲ 77.9%
2024 · -€121,023
Working capital
€19,142▼ 72.2%
2024 · €68,836
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€40,115€264,955-€119,150-€111,637▲ 6.3%-€15,575▲ 86.0%
Net result-€45,774below the sector's middle half€191,433above the sector's middle half-€123,153below the sector's middle half-€121,023below the sector's middle half▲ 1.7%-€26,748below the sector's middle half▲ 77.9%
Equity€131,259above the sector's middle half▼ 25.9%€322,692above the sector's middle half▲ 146%€199,539above the sector's middle half▼ 38.2%€78,516below the sector's middle half▼ 60.7%€51,768within the sector's middle half▼ 34.1%
Total assets€407,159above the sector's middle half▲ 5.1%€544,297above the sector's middle half▲ 33.7%€489,505above the sector's middle half▼ 10.1%€398,855below the sector's middle half▼ 18.5%€218,458within the sector's middle half▼ 45.2%
Debt€275,900▲ 31.2%€221,605▼ 19.7%€289,966▲ 30.8%€320,340▲ 10.5%€166,690▼ 48.0%
Working capital€123,771above the sector's middle half▼ 25.8%€338,028above the sector's middle half▲ 173%€196,491above the sector's middle half▼ 41.9%€68,836within the sector's middle half▼ 65.0%€19,142within the sector's middle half▼ 72.2%
Solvency32.2%within the sector's middle half▼ 13.5pp59.3%within the sector's middle half▲ 27.0pp40.8%within the sector's middle half▼ 18.5pp19.7%below the sector's middle half▼ 21.1pp23.7%within the sector's middle half▲ 4.0pp
Current ratio1.45within the sector's middle half▼ 0.342.71within the sector's middle half▲ 1.261.69within the sector's middle half▼ 1.011.21within the sector's middle half▼ 0.481.13within the sector's middle half▼ 0.09
Return on assets (ROA)-11.2%below the sector's middle half▼ 47.6pp35.2%above the sector's middle half▲ 46.4pp-25.2%below the sector's middle half▼ 60.3pp-30.3%below the sector's middle half▼ 5.2pp-12.2%below the sector's middle half▲ 18.1pp
Staff (FTE)0.80.1▼ 87.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,575 in 2025 against €111,637 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218,458
Fixed assets
€49,474 ▲ 411%
Current assets
€168,984 ▼ 56.6%
Equity and liabilities €218,458
Equity
€51,768 ▼ 34.1%
Debt
€166,690 ▼ 48.0%
Debt's share of the balance-sheet total falls from 80.3% to 76.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,594▲
2024 · -€109,209
Cash flow
-€22,767▲
2024 · -€118,596
Debt to equity
3.22▼
2024 · 4.08
ROE
-51.7%▲
2024 · -154.1%
Interest coverage
-1.00▲
2024 · -5.63
Debt ≤ 1 year
€149,842▼
2024 · €320,340
Income taxes
€206▲
2024 · -€9,999
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,295 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,653 | €15,425 | €2,248 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,802 | €2,352 | €3,280 | €2,428 | €3,981 | ▲ 64.0% |
| Other operating charges640/8 | €1,597 | €716 | €16,405 | €9,215 | €1,109 | ▼ 88.0% |
| Gross operating margin9900 | -€23,063 | €283,447 | -€97,217 | -€99,994 | -€10,484 | ▲ 89.5% |
| Operating profit (loss)9901 | -€40,115 | €264,955 | -€119,150 | -€111,637 | -€15,575 | ▲ 86.0% |
| Financial income75/76B | €0 | - | €1,232 | €0 | €634 | - |
| Recurring financial income75 | €0 | - | €1,232 | €0 | €634 | - |
| Financial charges65/66B | €4,613 | €9,687 | €5,102 | €19,385 | €11,601 | ▼ 40.2% |
| Recurring financial charges65 | €4,613 | €9,687 | €5,102 | €19,385 | €11,601 | ▼ 40.2% |
| Profit (loss) for the period before taxes9903 | -€44,728 | €255,268 | -€123,021 | -€131,022 | -€26,542 | ▲ 79.7% |
| Income taxes67/77 | €1,046 | €63,835 | €132 | -€9,999 | €206 | ▲ 102% |
| Profit (loss) for the period9904 | -€45,774 | €191,433 | -€123,153 | -€121,023 | -€26,748 | ▲ 77.9% |
| Profit (loss) for the period to be appropriated9905 | -€45,774 | €191,433 | -€123,153 | -€121,023 | -€26,748 | ▲ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,159 | €544,297 | €489,505 | €398,855 | €218,458 | ▼ 45.2% |
| Fixed assets21/28 | €7,488 | €8,051 | €9,427 | €9,679 | €49,474 | ▲ 411% |
| Tangible fixed assets22/27 | €5,698 | €5,211 | €7,087 | €9,679 | €9,982 | ▲ 3.1% |
| Plant, machinery and equipment23 | - | €1,580 | €1,207 | €834 | €461 | ▼ 44.7% |
| Furniture and vehicles24 | €5,698 | €3,631 | €5,880 | €8,845 | €9,521 | ▲ 7.6% |
| Financial fixed assets28 | €1,790 | €2,840 | €2,340 | €0 | €39,492 | - |
| Current assets29/58 | €399,671 | €536,247 | €480,078 | €389,176 | €168,984 | ▼ 56.6% |
| Stocks and contracts in progress3 | €13,769 | €13,769 | €13,769 | €0 | - | - |
| Stocks30/36 | €13,769 | €13,769 | €13,769 | €0 | - | - |
| Amounts receivable within one year40/41 | €374,115 | €514,168 | €439,044 | €136,064 | €147,940 | ▲ 8.7% |
| Trade receivables40 | €324,997 | €479,544 | €363,925 | €114,969 | €141,902 | ▲ 23.4% |
| Other amounts receivable41 | €49,118 | €34,625 | €75,118 | €21,095 | €6,038 | ▼ 71.4% |
| Cash at bank and in hand54/58 | €11,570 | €8,309 | €27,265 | €8,632 | €14,248 | ▲ 65.1% |
| Deferred charges and accrued income490/1 | €217 | - | - | €244,480 | €6,796 | ▼ 97.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,159 | €544,297 | €489,505 | €398,855 | €218,458 | ▼ 45.2% |
| Equity10/15 | €131,259 | €322,692 | €199,539 | €78,516 | €51,768 | ▼ 34.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | - | - | - |
| Other1109/19 | €12,400 | €12,400 | €12,400 | - | - | - |
| Reserves13 | €570 | €570 | €570 | €570 | €570 | = |
| Non-distributable reserves130/1 | €570 | €570 | €570 | €570 | €570 | = |
| Reserves not available under the articles1311 | €570 | €570 | €570 | €570 | €570 | = |
| Profit (loss) carried forward14 | €118,289 | €309,722 | €186,569 | €65,546 | €38,798 | ▼ 40.8% |
| Amounts payable17/49 | €275,900 | €221,605 | €289,966 | €320,340 | €166,690 | ▼ 48.0% |
| Amounts payable after more than one year17 | - | €18,442 | €1,435 | €0 | - | - |
| Financial debts170/4 | - | €18,442 | €1,435 | €0 | - | - |
| Amounts payable within one year42/48 | €275,900 | €198,218 | €283,587 | €320,340 | €149,842 | ▼ 53.2% |
| Current portion of amounts payable after more than one year42 | - | €16,633 | €17,008 | €0 | - | - |
| Financial debts43 | €50,000 | €50,000 | €50,000 | €50,000 | €48,563 | ▼ 2.9% |
| Credit institutions430/8 | €50,000 | €50,000 | €50,000 | €50,000 | €48,563 | ▼ 2.9% |
| Trade debts44 | €166,642 | €25,430 | €109,342 | €270,050 | €50,595 | ▼ 81.3% |
| Suppliers440/4 | €166,642 | €25,430 | €109,342 | €270,050 | €50,595 | ▼ 81.3% |
| Taxes, remuneration and social security45 | €31,632 | €72,530 | €73,611 | €290 | €50,684 | ▲ 17,374% |
| Taxes450/3 | €30,832 | €69,989 | €73,589 | €290 | €50,684 | ▲ 17,374% |
| Remuneration and social security454/9 | €800 | €2,540 | €22 | €0 | - | - |
| Other amounts payable47/48 | €27,626 | €33,626 | €33,626 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €4,945 | €4,945 | €0 | €16,848 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,774 | €191,433 | -€123,153 | -€121,023 | -€26,748 | ▲ 77.9% |
| + Depreciation and write-downs630 | €3,802 | €2,352 | €3,280 | €2,428 | €3,981 | ▲ 64.0% |
| Operating cash flow (approximation) | -€41,972 | €193,785 | -€119,873 | -€118,596 | -€22,767 | ▲ 80.8% |
| Investment in fixed assets (approximation) | - | -€2,915 | -€4,657 | -€2,680 | -€43,776 | ▼ 1,534% |
| Change in cash | - | -€3,261 | €18,956 | -€18,633 | €5,615 | ▲ 130% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 100 days late
2023
31-12
Financial
Weakest financial yearnet -€123,153
Net result drops to -€123,153, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
05-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-03-2023
09-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-03-2023
2022
31-12
Financial
Back to profitnet €191,433
Net result €191,433 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €322,692 ▲146%
Equity rises from €131,259 to €322,692.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €177,033 ▲389%
2 profitable years in a row build equity to €177,033.
Show earlier events
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €93,821
Net result €93,821 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
SignalFinancial 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, Antwerpen · 1 establishment unit since 2013
Ground area
544 m²
Building footprint
347 m²
Volume, LiDAR
2,750 m³
Parcel 11807G0126/02B020, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
GMV SCHILDER- en BEHANGWERKEN
since 20132.215.807.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0126/02B020 | Flanders | 544 m² | 1 · 347 m² | 15.7 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE TERMOTE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
02-03-2023 → 30-03-2023 |
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,322 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
Founded04-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
62100Computer programming
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502256201
Also
9925:BE0502256201
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.