VL BUILDING
ActiveSummary
VL BUILDING has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €682,668 and a net result of €663. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+14
Solvency40=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.99 in 2024; short-term debt: 21% and cash: 0.8% of total assets), and 85.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% 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
14.6%
Return on assets
0%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
39 d early
2023
40 d early
2022
49 d early
2021
on the day
2020
9 d early
2019
29 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 27 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by total assets in Wuustwezel, Real estate sector
Equity
€682,668▲ 0.1%
2024 · €682,005
Total assets
€4.7m▲ 0.3%
2024 · €4.6m
Net result
€663
2024 · -€766
Working capital
€40,753
2024 · -€5,600
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€210,126▲ 10.7%€353,596▲ 68.3%€48,151▼ 86.4%€56,789▲ 17.9%€32,989▼ 41.9%
Net result€149,686above the sector's middle half▼ 4.4%€244,715above the sector's middle half▲ 63.5%€11,147within the sector's middle half▼ 95.4%-€766within the sector's middle half€663within the sector's middle half
Equity€576,909within the sector's middle half▲ 35.0%€671,624within the sector's middle half▲ 16.4%€682,771within the sector's middle half▲ 1.7%€682,005within the sector's middle half▼ 0.1%€682,668above the sector's middle half▲ 0.1%
Total assets€4.9mabove the sector's middle half▲ 0.2%€5.5mabove the sector's middle half▲ 10.9%€5.1mabove the sector's middle half▼ 7.0%€4.6mwithin the sector's middle half▼ 8.6%€4.7mabove the sector's middle half▲ 0.3%
Debt€4.4m▼ 3.1%€4.7m▲ 8.6%€4.3m▼ 8.2%€3.9m▼ 10.1%€3.9m▲ 0.5%
Working capital€321,856within the sector's middle half▼ 59.4%€109,855within the sector's middle half▼ 65.9%€114,666within the sector's middle half▲ 4.4%-€5,600within the sector's middle half€40,753within the sector's middle half
Solvency11.7%within the sector's middle half▲ 3.0pp12.3%within the sector's middle half▲ 0.6pp13.4%within the sector's middle half▲ 1.1pp14.7%within the sector's middle half▲ 1.3pp14.6%within the sector's middle half=
Current ratio1.43within the sector's middle half▼ 0.671.08within the sector's middle half▼ 0.351.11within the sector's middle half▲ 0.020.99within the sector's middle half▼ 0.111.04within the sector's middle half▲ 0.05
Return on assets (ROA)3.0%within the sector's middle half▼ 0.1pp4.5%within the sector's middle half▲ 1.4pp0.2%within the sector's middle half▼ 4.3pp0.0%within the sector's middle half▼ 0.2pp0.0%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 falls in 2025; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€3.6m ▼ 5.7%
Current assets
€1.0m ▲ 30.0%
Equity and liabilities €4.7m
Equity
€682,668 ▲ 0.1%
Provisions
€59,359 ▼ 4.5%
Debt
€3.9m ▲ 0.5%
Debt's share of the balance-sheet total rises from 84.0% to 84.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€212,755▼
2024 · €230,823
Cash flow
€180,429▲
2024 · €173,268
Quick ratio
0.04▼
2024 · 0.30
Debt to equity
5.74▲
2024 · 5.72
ROE
0.1%▲
2024 · -0.1%
Interest coverage
6.76▲
2024 · 4.31
Debt ≤ 1 year
€977,507▲
2024 · €788,710
Debt > 1 year
€2.9m▼
2024 · €3.1m
Income taxes
€5,069▼
2024 · €6,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 4,681 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €277,376 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €228,350 | €214,194 | €222,602 | €174,034 | €179,766 | ▲ 3.3% |
| Other operating charges640/8 | - | €51,727 | €13,252 | €20,142 | €19,542 | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | - | €71,028 | €91,381 | ▲ 28.7% |
| Gross operating margin9900 | €459,289 | €619,517 | €284,005 | €321,993 | €323,678 | ▲ 0.5% |
| Operating profit (loss)9901 | €210,126 | €353,596 | €48,151 | €56,789 | €32,989 | ▼ 41.9% |
| Financial income75/76B | - | €86 | €1 | €75 | €1,464 | ▲ 1,839% |
| Recurring financial income75 | €5 | €86 | €1 | €75 | €1,464 | ▲ 1,839% |
| Financial charges65/66B | - | €24,481 | €32,766 | €53,582 | €31,494 | ▼ 41.2% |
| Recurring financial charges65 | €27,489 | €24,481 | €32,766 | €53,582 | €31,494 | ▼ 41.2% |
| Profit (loss) for the period before taxes9903 | €182,642 | €329,201 | €15,386 | €3,283 | €2,959 | ▼ 9.9% |
| Transfer from deferred taxes780 | - | €1,664 | €2,774 | €2,774 | €2,774 | = |
| Transfer to deferred taxes680 | - | €69,344 | - | - | - | - |
| Income taxes67/77 | €32,956 | €16,807 | €7,013 | €6,823 | €5,069 | ▼ 25.7% |
| Profit (loss) for the period9904 | €149,686 | €244,715 | €11,147 | -€766 | €663 | ▲ 187% |
| Transfer from tax-exempt reserves789 | - | €4,993 | €8,321 | €8,321 | €8,321 | = |
| Transfer to tax-exempt reserves689 | - | €208,032 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €149,686 | €41,675 | €19,468 | €7,555 | €8,985 | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €5.5m | €5.1m | €4.6m | €4.7m | ▲ 0.3% |
| Fixed assets21/28 | €3.9m | €4.1m | €3.9m | €3.9m | €3.6m | ▼ 5.7% |
| Tangible fixed assets22/27 | €3.9m | €4.0m | €3.8m | €3.8m | €3.6m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | €32,062 | €40,005 | ▲ 24.8% |
| Furniture and vehicles24 | - | €66,336 | €50,757 | €37,046 | €19,080 | ▼ 48.5% |
| Other tangible fixed assets26 | - | €3.9m | €3.8m | €3.7m | €3.6m | ▼ 3.3% |
| Financial fixed assets28 | €6,205 | €93,205 | €90,655 | €90,655 | €3,655 | ▼ 96.0% |
| Current assets29/58 | €1.1m | €1.4m | €1.2m | €783,110 | €1.0m | ▲ 30.0% |
| Stocks and contracts in progress3 | €540,757 | €543,257 | €549,677 | €549,677 | €976,807 | ▲ 77.7% |
| Stocks30/36 | - | €543,257 | €549,677 | €549,677 | €976,807 | ▲ 77.7% |
| Amounts receivable within one year40/41 | €3,300 | €4,381 | €4,865 | €4,381 | €3,684 | ▼ 15.9% |
| Trade receivables40 | - | €4,381 | €4,381 | €4,381 | €1,272 | ▼ 71.0% |
| Other amounts receivable41 | - | - | €484 | - | €2,413 | - |
| Current investments50/53 | €153 | €143 | €134 | €114 | €91 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €518,636 | €858,299 | €628,051 | €228,939 | €37,174 | ▼ 83.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €504 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €5.5m | €5.1m | €4.6m | €4.7m | ▲ 0.3% |
| Equity10/15 | €576,909 | €671,624 | €682,771 | €682,005 | €682,668 | ▲ 0.1% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Revaluation surpluses12 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €213,909 | €458,624 | €469,771 | €469,005 | €469,668 | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Tax-exempt reserves132 | - | €203,040 | €194,718 | €186,397 | €178,076 | ▼ 4.5% |
| Distributable reserves133 | - | €249,284 | €268,753 | €276,308 | €285,293 | ▲ 3.3% |
| Profit (loss) carried forward14 | -€218,125 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | €67,680 | €64,906 | €62,132 | €59,359 | ▼ 4.5% |
| Deferred taxes168 | - | €67,680 | €64,906 | €62,132 | €59,359 | ▼ 4.5% |
| Amounts payable17/49 | €4.4m | €4.7m | €4.3m | €3.9m | €3.9m | ▲ 0.5% |
| Amounts payable after more than one year17 | €3.6m | €3.4m | €3.3m | €3.1m | €2.9m | ▼ 5.5% |
| Financial debts170/4 | - | €1.1m | €972,440 | €795,444 | €616,135 | ▼ 22.5% |
| Other amounts payable178/9 | - | €2.3m | €2.3m | €2.3m | €2.3m | ▲ 0.4% |
| Amounts payable within one year42/48 | €741,857 | €1.3m | €1.1m | €788,710 | €977,507 | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €172,246 | €169,990 | €176,325 | €173,945 | ▼ 1.4% |
| Financial debts43 | - | €560,000 | €560,000 | €260,000 | €260,000 | = |
| Credit institutions430/8 | - | €560,000 | €560,000 | €260,000 | €260,000 | = |
| Trade debts44 | €225,670 | €227,025 | €18,184 | €37,277 | €7,110 | ▼ 80.9% |
| Suppliers440/4 | - | €227,025 | €18,184 | €37,277 | €7,110 | ▼ 80.9% |
| Taxes, remuneration and social security45 | - | €17,078 | €9,515 | €7,972 | €6,996 | ▼ 12.2% |
| Taxes450/3 | - | €17,078 | €9,515 | €7,972 | €6,996 | ▼ 12.2% |
| Other amounts payable47/48 | - | €319,875 | €310,372 | €307,135 | €529,456 | ▲ 72.4% |
| Accrued charges and deferred income492/3 | - | €2,705 | €717 | €521 | €318 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149,686 | €244,715 | €11,147 | -€766 | €663 | ▲ 187% |
| + Depreciation and write-downs630 | €228,350 | €214,194 | €222,602 | €174,034 | €179,766 | ▲ 3.3% |
| Operating cash flow (approximation) | €378,036 | €458,909 | €233,749 | €173,268 | €180,429 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€410,337 | -€65,431 | -€134,103 | €39,370 | ▲ 129% |
| Change in cash | - | €339,663 | -€230,247 | -€399,113 | -€191,764 | ▲ 52.0% |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €663
Net result €663 after one loss-making year.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€766
Net result drops to -€766, the lowest in the series; recovery starts the following year.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €244,715 ▲63.5%
Operating result €353,596, net result €244,715, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €500,000Eq €576,909 ▲35%
3 profitable years in a row build equity to €576,909.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Wuustwezel · 1 establishment unit since 2001
Ground area
1,737 m²
Building footprint
335 m²
Volume, LiDAR
2,012 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20012.116.607.603
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682F0836/00M000 | Flanders | 1,399 m² | 1 · 335 m² | 10.6 m · 2 fl. |
| 35020C0287/00X013 | Flanders | 339 m² | - | - |
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 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
25110Manufacture of metal structures and parts of structures
43240Other construction installation
43990Other specialised construction activities
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474842417
Also
9925:BE0474842417
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.