VL RETAIL has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.07M and a net result of €1.04M. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 4852 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
15 d late
2023
31 d late
2022
26 d late
2021
31 d late
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.04M▲ 6.8%
2024 · €973k
2018: €-5k
2019: €145k
2020: €169k
2021: €2.65M
2022: €366k
2023: €704k
2024: €973k
2018 → 2025
Working capital
€3.43M▼ 22.1%
2024 · €4.41M
2018: €-398k
2019: €-511k
2020: €-564k
2021: €620k
2022: €1.83M
2023: €2.30M
2024: €4.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.36M-€3.49M▲ 3.8%€4.06M▲ 16.5%€5.03M▲ 24.0%€6.07M▲ 20.6%
Operating result€307k-€-142k€-276k▼ 94.1%€-349k▼ 26.4%€533k
Net result€2.65M-€366k▼ 86.2%€704k▲ 92.3%€973k▲ 38.2%€1.04M▲ 6.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €533k after a loss of €349k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.33M
Fixed assets
€9.03M▲ 6.3%
Current assets
€4.30M▼ 22.4%
Equity and liabilities €13.33M
Equity
€6.07M▲ 20.6%
Debt
€7.26M▼ 19.3%
The debt ratio falls from 64.1% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
45.5%▲
2024 · 35.9%
ROE
17.1%▼
2024 · 19.3%
ROA
7.8%▲
2024 · 6.9%
Debt
€7.26M▼
2024 · €9.00M
Debt ≤ 1 year
€872k▼
2024 · €1.14M
Debt > 1 year
€6.34M▼
2024 · €7.85M
Income taxes
€102▼
2024 · €699
Staff costs
€826
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14.03M€13.33M▼
Fixed assets21/28€8.49M€9.03M▲
Tangible fixed assets22/27€109k€148k▲
Other tangible fixed assets26€104k€148k▲
Assets under construction and advance payments27€5k-
Financial fixed assets28€8.38M€8.88M▲
Current assets29/58€5.54M€4.30M▼
Amounts receivable after more than one year29€4.86M€4.06M▼
Other amounts receivable291€4.86M€4.06M▼
Amounts receivable within one year40/41€236k€146k▼
Trade receivables40€13k€69k▲
Other amounts receivable41€222k€77k▼
Cash at bank and in hand54/58€449k€89k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€14.03M€13.33M▼
Equity10/15€5.03M€6.07M▲
Contributions10/11€336k€336k=
Outside capital11-€336k
Other1109/19-€336k
Reserves13€4.70M€5.74M▲
Non-distributable reserves130/1€13k-
Reserves not available under the articles1311€13k-
Distributable reserves133€4.68M€5.74M▲
Amounts payable17/49€9.00M€7.26M▼
Amounts payable after more than one year17€7.85M€6.34M▼
Financial debts170/4€7.85M€6.34M▼
Amounts payable within one year42/48€1.14M€872k▼
Current portion of amounts payable after more than one year42€492k€534k▲
Trade debts44€19k€49k▲
Suppliers440/4€19k€49k▲
Advances received on contracts in progress46€61k€152k▲
Taxes, remuneration and social security45€3k€126k▲
Taxes450/3€3k€126k▲
Other amounts payable47/48€561k€10k▼
Accrued charges and deferred income492/3€17k€45k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€826
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€963€4k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€-345k€543k▲
Operating profit (loss)9901€-349k€533k▲
Financial income75/76B€1.42M€611k▼
Recurring financial income75€1.42M€611k▼
Financial charges65/66B€99k€105k▲
Recurring financial charges65€69k€105k▲
Non-recurring financial charges66B€29k-
Profit (loss) for the period before taxes9903€973k€1.04M▲
Income taxes67/77€699€102▼
Profit (loss) for the period9904€973k€1.04M▲
Profit (loss) for the period to be appropriated9905€973k€1.04M▲
Appropriation of the result
Profit (loss) to be appropriated9906€973k€1.04M▲
Transfer to equity691/2€973k€1.04M▲
To the legal reserve6920-€1.04M
To other reserves6921€973k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-08
State Gazette act
General meeting · Name change
Statutes amendment · Reserve release
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
31-07
State Gazette act
General meeting · Statutes amendment
Capital · Reserve release · Tim Duyvejonck
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
30-09
Financial
Equity above €5MEq €5.03M ▲24%
6 profitable years in a row build equity to €5.03M.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
30-09
Financial
Liquidity quadruplescurrent ratio 5.01
Current ratio from 1.26 to 5.01; short-term debt falls from €2.37M to €457k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-09
Financial
Highest result since 2018net €2.65M ▲1466%
Net result €2.65M, the highest in the series.
30-09
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.52 to 1.26.
30-09
Financial
Equity above €2MEq €3.36M ▲372%
3 profitable years in a row build equity to €3.36M.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Nazareth-De Pinte · 1 establishment unit since 2007
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.
Deinzestraat 149810 Nazareth-De PinteGround area
4,112 m²
Building footprint
1,145 m²
Volume, LiDAR
5,169 m³
Parcel 44048B0211/00R002, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VL RETAIL
since 20072.162.029.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048B0211/00R002 | Flanders | 4,112 m² | 1 · 1,145 m² | 7.6 m · 1 fl. |
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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Of 6,156 companies in sector 46190 we hold annual accounts for 2,571. 354 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2007
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.