Equity
€17,542 from €108,749 in 2022
Equity fell by 84% in 3 years.
VL Developments
Lifetime
8 annual accounts with figures on one time axispeak €30,588 (2020)
€15,706▲ 62.8%
lowest -€94,839 (2023)
€5,044▲ €6,456
peak €108,749 (2022)
€17,542▲ 40.4%
€120,745▼ 4.4%
Board1 name since 2017
1 director
Documentsfilings and deeds
30-04-2026on the last day
2025abbreviated format
Gross margin from €9,647 to €15,706Back to profit: €5,044Equity from €12,498 to €17,542Cash from €207 to €24
Key points
from the 2025 annual accountsTurnover
≈ €65,000 estimated
The accounts state no turnover.
Debts
€120,745 87% of the balance sheet
Suppliers 12%Taxes and wages 1%Other 87%
Filings
8 annual accounts since 2018
The last five annual accounts were filed 0 to 30 days before the end of the period.
Starting capital
€80,000 200 shares
Position in the sector
€17,542
Less equity than 80% of companies in real estate. Sector median €403,849 · 12,427 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,272 companies had the same profile as VL Developments has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,272 companies, not a prediction for VL Developments. 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.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0674719231
Merger: VL Developments takes over DE VARIANT
Appointment: (director) · 200 shares · The company holds all the shares of DE VARIANT · General meeting of 18-04-2023 · Gazette deed
Merger proposal: VL Developments takes over De Variant
holds 100 shares · The company holds all the shares of De Variant · Gazette deed
Incorporation
Founding capital of €80,000, 200 shares · Founders: ; · Appointment: (manager) · published on 25-04-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VL Developments Westerlo | €138,287 | €15,706 | 12.7% | - |
| LECONA Aalter | €138,835 | €17,225 | 59.7% | - |
| N-Construct Koksijde | €140,117 | €12,017 | 77.0% | - |
| YGS-Construct Boortmeerbeek | €149,552 | €21,461 | 46.0% | - |
| ZARRIMMO Kortemark | €147,923 | €16,773 | 63.9% | - |
| Blocks & Concrete Heusden-Zolder | €125,580 | €21,935 | 76.4% | - |
| Re-konstrukt Verachtert Geel | €103,162 | €12,614 | 45.3% | - |
These companies have the same main activity as VL Developments: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €103,000 and €150,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 21-04-2017Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.264.177.5622260 Westerlo, since 21-04-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 29-12-2025
Annual accounts to 30-09-2025
- €138,287▼ 0.3%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on VL Developments
VL Developments files the abbreviated format. That format states no turnover. The gross margin rose from -€15,147 in 2018 to €15,706 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VL Developments
- What is the company number of VL Developments?
- The company number of VL Developments is 0674.719.231. The VAT number is the same number with BE in front: BE 0674.719.231.
- Where is VL Developments based?
- The registered office is at Ter Voort 179, 2260 Westerlo.Company details
- What does VL Developments do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of VL Developments?
- VL Developments is a private limited company (BV).
- When was VL Developments founded?
- VL Developments was founded on 21-04-2017.
- Is VL Developments still active?
- Yes, VL Developments is an active enterprise in the KBO register.
- What is the turnover of VL Developments?
- The turnover in financial year 2025 is ≈ €65,000. This figure is estimated from the gross margin of €15,706 and 48 comparable companies (NACE 68121). It probably lies between €32,000 and €210,000. It is a rough estimate.Financials
- Is VL Developments profitable?
- In financial year 2025, VL Developments made a profit of €5,044.
- Where can I find the annual accounts of VL Developments?
- VL Developments filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VL Developments due?
- VL Developments must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.