VL Developments
ActiveSummary
VL Developments has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,542 and a net result of €5,044. Equity is shrinking by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 5 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)
History
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Financials · fiscal year 2025, abbreviated schema
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.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 3,270 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,153 | €3,656 | €6,917 | €5,505 | €5,505 | = |
| Other operating charges640/8 | - | €204 | €2,526 | €2,874 | €2,673 | ▼ 7.0% |
| Non-recurring operating charges66A | - | - | €99,571 | - | - | - |
| Gross operating margin9900 | €15,754 | €8,472 | €17,918 | €9,647 | €15,706 | ▲ 62.8% |
| Operating profit (loss)9901 | €12,153 | €4,611 | -€91,096 | €1,268 | €7,528 | ▲ 494% |
| Financial income75/76B | - | - | €0 | €30 | - | - |
| Recurring financial income75 | - | - | €0 | €30 | - | - |
| Financial charges65/66B | - | €3,207 | €3,376 | €2,556 | €944 | ▼ 63.1% |
| Recurring financial charges65 | €1,949 | €3,207 | €3,376 | €2,556 | €944 | ▼ 63.1% |
| Profit (loss) for the period before taxes9903 | €10,203 | €1,405 | -€94,473 | -€1,258 | €6,584 | ▲ 623% |
| Income taxes67/77 | €2,439 | €114 | €366 | €154 | €1,540 | ▲ 902% |
| Profit (loss) for the period9904 | €7,765 | €1,291 | -€94,839 | -€1,412 | €5,044 | ▲ 457% |
| Profit (loss) for the period to be appropriated9905 | €7,765 | €1,291 | -€94,839 | -€1,412 | €5,044 | ▲ 457% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,844 | €275,180 | €136,804 | €138,745 | €138,287 | ▼ 0.3% |
| Fixed assets21/28 | €209,846 | €218,897 | €95,228 | €89,723 | €84,218 | ▼ 6.1% |
| Tangible fixed assets22/27 | €24,846 | €33,897 | €95,228 | €89,723 | €84,218 | ▼ 6.1% |
| Land and buildings22 | - | - | €49,579 | €49,579 | €49,579 | = |
| Plant, machinery and equipment23 | - | €1,699 | €14,402 | €12,946 | €11,490 | ▼ 11.2% |
| Other tangible fixed assets26 | - | €32,198 | €31,248 | €27,198 | €23,149 | ▼ 14.9% |
| Financial fixed assets28 | €185,000 | €185,000 | - | - | - | - |
| Current assets29/58 | €32,998 | €56,283 | €41,576 | €49,022 | €54,069 | ▲ 10.3% |
| Stocks and contracts in progress3 | €446 | €446 | €446 | €446 | €446 | = |
| Stocks30/36 | - | €446 | €446 | €446 | €446 | = |
| Amounts receivable within one year40/41 | €31,023 | €23,760 | €35,454 | €37,340 | €51,142 | ▲ 37.0% |
| Trade receivables40 | - | - | €242 | €1,255 | €855 | ▼ 31.9% |
| Other amounts receivable41 | - | €23,760 | €35,212 | €36,085 | €50,287 | ▲ 39.4% |
| Cash at bank and in hand54/58 | €1,228 | €14,613 | €161 | €207 | €24 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | - | €17,464 | €5,514 | €11,029 | €2,457 | ▼ 77.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,844 | €275,180 | €136,804 | €138,745 | €138,287 | ▼ 0.3% |
| Equity10/15 | €107,458 | €108,749 | €13,910 | €12,498 | €17,542 | ▲ 40.4% |
| Contributions10/11 | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Profit (loss) carried forward14 | €27,458 | €28,749 | -€66,090 | -€67,502 | -€62,458 | ▲ 7.5% |
| Amounts payable17/49 | €135,386 | €166,430 | €122,894 | €126,247 | €120,745 | ▼ 4.4% |
| Amounts payable after more than one year17 | €63,775 | €43,466 | €22,799 | €1,769 | - | - |
| Financial debts170/4 | - | €43,466 | €22,799 | €1,769 | - | - |
| Amounts payable within one year42/48 | €65,110 | €122,965 | €100,095 | €123,978 | €120,745 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €20,310 | €20,667 | €21,030 | €1,769 | ▼ 91.6% |
| Trade debts44 | €15,118 | €41,980 | €18,336 | €16,705 | €14,160 | ▼ 15.2% |
| Suppliers440/4 | - | €41,980 | €18,336 | €16,705 | €14,160 | ▼ 15.2% |
| Taxes, remuneration and social security45 | - | €114 | €366 | €154 | €1,540 | ▲ 902% |
| Taxes450/3 | - | €114 | €366 | €154 | €1,540 | ▲ 902% |
| Other amounts payable47/48 | - | €60,561 | €60,726 | €86,090 | €103,275 | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | - | - | €500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,765 | €1,291 | -€94,839 | -€1,412 | €5,044 | ▲ 457% |
| + Depreciation and write-downs630 | €3,153 | €3,656 | €6,917 | €5,505 | €5,505 | = |
| Operating cash flow (approximation) | €10,918 | €4,947 | -€87,922 | €4,093 | €10,549 | ▲ 158% |
| Investment in fixed assets (approximation) | - | -€12,707 | €116,752 | €0 | €0 | - |
| Change in cash | - | €13,385 | -€14,452 | €45 | -€183 | ▼ 503% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039A0130/00F000 | Flanders | 797 m² | 1 · 239 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2022 list no shareholders, and no other source names one.
Holdings 1
- DE VARIANTsubsidiaryEquity €68,451Result €16,747100%
According to the annual accounts to 30-09-2022 of VL Developments and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,744 EUR awarded · 1,744 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,447 EUR | 1,447 EUR |
| 2022 | 1 | 297 EUR | 297 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.