VL-Design
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00029497.
Annual accounts 2025 filed on 03-02-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 96% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €4,335 | - |
| Financial fixed assets | €2,000 | €3,300 |
| Depreciation and write-downs of the year | €17 | €867 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,483 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17 | €867 | ▲ 52× |
| Other operating charges640/8 | €606 | €1,171 | ▲ 93.1% |
| Gross operating margin9900 | €1,819 | €11,871 | ▲ 553% |
| Operating profit (loss)9901 | €1,196 | €2,349 | ▲ 96.5% |
| Financial income75/76B | €1 | €2 | ▲ 74.8% |
| Recurring financial income75 | €1 | €2 | ▲ 74.8% |
| Financial charges65/66B | €163 | €722 | ▲ 344% |
| Recurring financial charges65 | €163 | €722 | ▲ 344% |
| Profit (loss) for the period before taxes9903 | €1,034 | €1,629 | ▲ 57.6% |
| Income taxes67/77 | €500 | €722 | ▲ 44.4% |
| Profit (loss) for the period9904 | €534 | €908 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €534 | €908 | ▲ 69.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €49,295 | €43,264 | ▼ 12.2% |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €6,318 | €6,751 | ▲ 6.9% |
| Tangible fixed assets22/27 | €4,318 | €3,451 | ▼ 20.1% |
| Furniture and vehicles24 | €4,318 | €3,451 | ▼ 20.1% |
| Financial fixed assets28 | €2,000 | €3,300 | ▲ 65.0% |
| Current assets29/58 | €42,977 | €36,513 | ▼ 15.0% |
| Stocks and contracts in progress3 | €15,941 | €13,028 | ▼ 18.3% |
| Stocks30/36 | €1,464 | €1,893 | ▲ 29.3% |
| Contracts in progress37 | €14,477 | €11,135 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €27,023 | €20,095 | ▼ 25.6% |
| Trade receivables40 | €23,803 | €18,043 | ▼ 24.2% |
| Other amounts receivable41 | €3,220 | €2,052 | ▼ 36.3% |
| Cash at bank and in hand54/58 | €13 | €3,369 | ▲ 252× |
| Deferred charges and accrued income490/1 | - | €21 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €49,295 | €43,264 | ▼ 12.2% |
| Equity10/15 | €2,534 | €3,442 | ▲ 35.8% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €534 | €1,442 | ▲ 170% |
| Amounts payable17/49 | €46,761 | €39,822 | ▼ 14.8% |
| Amounts payable within one year42/48 | €43,801 | €39,560 | ▼ 9.7% |
| Trade debts44 | €18,669 | €18,547 | ▼ 0.7% |
| Suppliers440/4 | €18,669 | €18,547 | ▼ 0.7% |
| Advances received on contracts in progress46 | €14,477 | €5,350 | ▼ 63.0% |
| Taxes, remuneration and social security45 | €500 | €2,588 | ▲ 418% |
| Taxes450/3 | €500 | €1,076 | ▲ 115% |
| Remuneration and social security454/9 | - | €1,512 | - |
| Other amounts payable47/48 | €10,155 | €13,075 | ▲ 28.7% |
| Accrued charges and deferred income492/3 | €2,960 | €262 | ▼ 91.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €534 | €908 | ▲ 69.9% |
| + Depreciation and write-downs630 | €17 | €867 | ▲ 52× |
| Operating cash flow (approximation) | €551 | €1,774 | ▲ 222% |
| Investment in fixed assets (approximation) | - | -€1,300 | - |
| Change in cash | - | €3,355 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,135 companies had the same profile as VL-Design has now. Two years later, 92.0% were still going and 5.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VL-Design itself: 2.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for VL-Design. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.