VL Building Projects
ActiveThe computed 12-month bankruptcy probability of VL Building Projects is 2.6% (moderate). The 2024 annual accounts show equity of €29k and a net result of €53k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 25% of 36374 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent▲ +64 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency40▼-1
Growth78▲+46
Stability94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.86 in 2023), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
23.1%
Return on assets
41.8%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 36374 sector peers (2024).
NBB · sector comparisonPosition among 36374 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
9 d early
2022
62 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€29k
2023 · €-24k
2022: €18k
2023: €-24k
2022 → 2024
Total assets
€126k▼ 16.7%
2023 · €152k
2022: €170k
2023: €152k
2022 → 2024
Net result
€53k
2023 · €-42k
2022: €13k
2023: €-42k
2022 → 2024
Working capital
€28k
2023 · €-23k
2022: €43k
2023: €-23k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€18k-€-24k€29k
Operating result€19k-€-42k€55k
Net result€13k-€-42k€53k
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 2024: €55k after a loss of €42k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€10k▼ 43.3%
Current assets
€117k▼ 13.3%
Equity and liabilities €126k
Equity
€29k
Debt
€97k
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€64k▲
2023 · €-34k
Cash flow
€61k▲
2023 · €-34k
Solvency
23.1%▲
2023 · -15.5%
Current ratio
1.31▲
2023 · 0.86
Quick ratio
1.30▲
2023 · 0.84
Debt / equity
3.33▲
2023 · -7.44
ROE
180.7%▲
2023 · 178.0%
ROA
41.8%▲
2023 · -27.7%
Interest coverage
15.87▲
2023 · -8.16
Debt
€97k▼
2023 · €175k
Debt ≤ 1 year
€89k▼
2023 · €157k
Debt > 1 year
€8k▼
2023 · €13k
Income taxes
€4k▲
2023 · €242
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€152k€126k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€15k€8k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€583€83▼
Leasing and similar rights25€13k€7k▼
Financial fixed assets28€2k€2k=
Current assets29/58€135k€117k▼
Stocks and contracts in progress3€3k€650▼
Stocks30/36€3k€650▼
Amounts receivable within one year40/41€130k€114k▼
Trade receivables40€31k€25k▼
Other amounts receivable41€99k€90k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€152k€126k▼
Equity10/15€-24k€29k▲
Contributions10/11€5k€5k=
Reserves13-€24k
Distributable reserves133-€24k
Profit (loss) carried forward14€-29k-
Amounts payable17/49€175k€97k▼
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€157k€89k▼
Current portion of amounts payable after more than one year42€10k€4k▼
Financial debts43€13k€808▼
Credit institutions430/8€13k€808▼
Trade debts44€134k€70k▼
Suppliers440/4€134k€70k▼
Taxes, remuneration and social security45€420€4k▲
Taxes450/3€420€4k▲
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3€6k€28▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-32k€65k▲
Operating profit (loss)9901€-42k€55k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-42k€56k▲
Income taxes67/77€242€4k▲
Profit (loss) for the period9904€-42k€53k▲
Profit (loss) for the period to be appropriated9905€-42k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€24k▲
Profit (loss) brought forward from the previous period14P€13k€-29k▼
Transfer to equity691/2-€24k
To other reserves6921-€24k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-42k ▼413%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Opwijk · 1 establishment unit since 2021
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.
Asbeekweg 181745 OpwijkGround area
714 m²
Building footprint
115 m²
Parcel 23060B0203/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Asbeekweg 18, 1745 Opwijk
since 20212.324.411.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0203/00M000 | Flanders | 714 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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OMY Roof Concept
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ETANCH'TOIT
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Of 8,481 companies in sector 43410 we hold annual accounts for 4,307. 3,346 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2021
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.