VLA
ActiveSummary
VLA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€311,607) and a net result of -€106,205. Equity is shrinking by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 7% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.35 in 2024; short-term debt: 168.3% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-68.3%
Return on assets
-23.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€311,607
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€311,607▼ 51.7%
2024 · -€205,403
Total assets
€456,278▼ 7.8%
2024 · €494,893
Net result
-€106,205=
2024 · -€106,252
Working capital
-€528,700▼ 16.3%
2024 · -€454,496
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€105,031--€106,082▼ 1.0%-€106,010▲ 0.1%
Net result-€105,151below the sector's middle half--€106,252below the sector's middle half▼ 1.0%-€106,205below the sector's middle half=
Equity-€99,151below the sector's middle half--€205,403below the sector's middle half▼ 107%-€311,607below the sector's middle half▼ 51.7%
Total assets€528,054within the sector's middle half-€494,893within the sector's middle half▼ 6.3%€456,278within the sector's middle half▼ 7.8%
Debt€627,205-€700,296▲ 11.7%€767,886▲ 9.7%
Working capital-€380,244below the sector's middle half--€454,496below the sector's middle half▼ 19.5%-€528,700below the sector's middle half▼ 16.3%
Solvency-18.8%below the sector's middle half--41.5%below the sector's middle half▼ 22.7pp-68.3%below the sector's middle half▼ 26.8pp
Current ratio0.39below the sector's middle half-0.35below the sector's middle half▼ 0.040.31below the sector's middle half▼ 0.04
Return on assets (ROA)-19.9%below the sector's middle half--21.5%below the sector's middle half▼ 1.6pp-23.3%below the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106,010 in 2025 against €106,082 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €456,278
Fixed assets
€217,093 ▼ 12.8%
Current assets
€239,185 ▼ 2.7%
Key figures and ratios
EBITDA
-€74,010▲
2024 · -€74,082
Cash flow
-€74,205▲
2024 · -€74,252
Quick ratio
0.01▼
2024 · 0.02
Debt to equity
-2.46▲
2024 · -3.41
Interest coverage
-379.54▲
2024 · -435.77
Debt ≤ 1 year
€767,886▲
2024 · €700,296
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
3.5%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 490 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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,907 | €32,000 | €32,000 | = |
| Other operating charges640/8 | €581 | €290 | €1,943 | ▲ 569% |
| Gross operating margin9900 | -€65,543 | -€73,791 | -€72,067 | ▲ 2.3% |
| Operating profit (loss)9901 | -€105,031 | -€106,082 | -€106,010 | ▲ 0.1% |
| Financial charges65/66B | €120 | €170 | €195 | ▲ 14.7% |
| Recurring financial charges65 | €120 | €170 | €195 | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | -€105,151 | -€106,252 | -€106,205 | = |
| Profit (loss) for the period9904 | -€105,151 | -€106,252 | -€106,205 | = |
| Profit (loss) for the period to be appropriated9905 | -€105,151 | -€106,252 | -€106,205 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €528,054 | €494,893 | €456,278 | ▼ 7.8% |
| Fixed assets21/28 | €281,093 | €249,093 | €217,093 | ▼ 12.8% |
| Tangible fixed assets22/27 | €281,093 | €249,093 | €217,093 | ▼ 12.8% |
| Furniture and vehicles24 | €281,093 | €249,093 | €217,093 | ▼ 12.8% |
| Current assets29/58 | €246,961 | €245,801 | €239,185 | ▼ 2.7% |
| Stocks and contracts in progress3 | €233,955 | €232,000 | €232,000 | = |
| Stocks30/36 | €233,955 | €232,000 | €232,000 | = |
| Amounts receivable within one year40/41 | €5,405 | €2,499 | €1,973 | ▼ 21.1% |
| Trade receivables40 | €3,673 | - | - | - |
| Other amounts receivable41 | €1,732 | €2,499 | €1,973 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €2,223 | €1,264 | €219 | ▼ 82.7% |
| Deferred charges and accrued income490/1 | €5,378 | €10,037 | €4,994 | ▼ 50.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €528,054 | €494,893 | €456,278 | ▼ 7.8% |
| Equity10/15 | -€99,151 | -€205,403 | -€311,607 | ▼ 51.7% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€105,151 | -€211,403 | -€317,607 | ▼ 50.2% |
| Amounts payable17/49 | €627,205 | €700,296 | €767,886 | ▲ 9.7% |
| Amounts payable within one year42/48 | €627,205 | €700,296 | €767,886 | ▲ 9.7% |
| Trade debts44 | €2,787 | €4,378 | €2,554 | ▼ 41.7% |
| Suppliers440/4 | €2,787 | €4,378 | €2,554 | ▼ 41.7% |
| Taxes, remuneration and social security45 | - | - | €1,053 | - |
| Taxes450/3 | - | - | €1,053 | - |
| Other amounts payable47/48 | €624,418 | €695,918 | €764,279 | ▲ 9.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,151 | -€106,252 | -€106,205 | = |
| + Depreciation and write-downs630 | €38,907 | €32,000 | €32,000 | = |
| Operating cash flow (approximation) | -€66,244 | -€74,252 | -€74,205 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€959 | -€1,045 | ▼ 9.0% |
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
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Statutes amendmentRegistered-office move · Capital · Power of attorney5 facts ▸
State Gazette act
Statutes amendment
Registered-office move · Capital · Power of attorney5 facts ▸
- Registered-office move, 1190 Forest, avenue Brugmann, 96 boite 0002
- General meeting, transfert du siège et modification du régime linguistique, français
- Statutes amendment
- Capital
- Power of attorney
10-09
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, 1190 Vorst, Brugmannlaan 96 0002
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€106,252
Net result drops to -€106,252, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2022
Ground area
124 m²
Building footprint
111 m²
Volume, LiDAR
1,645 m³
Parcel 21383B0097/00P006, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VLA
since 20222.334.160.587
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0097/00P006 | Brussels | 124 m² | 1 · 111 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Annual meeting
Last Friday of June at 18:00
Duration
Unlimited
Purpose
L'achat, la vente, l'élevage et le dressage de chevaux; Le commerce et le courtage de chevaux ainsi que toutes les activités connexes, telles que, entre autres, mais sans s'y…
Full purpose (26 activities)
- L'achat, la vente, l'élevage et le dressage de chevaux
- Le commerce et le courtage de chevaux ainsi que toutes les activités connexes, telles que, entre autres, mais sans s'y limiter :
- L'exploitation d'un centre équestre, d'un élevage de chevaux, d'une pension pour chevaux
- L'équicoaching
- L'hippothérapie
- L'organisation de compétitions sportives
- Les services et le commerce visant à promouvoir les sports équestres au sens le plus large du terme
- L'organisation de cours, de stages, de compétitions, de randonnées et d'autres événements
- La location de calèches, l'achat et la vente de celles-ci
- L'organisation d'événements sur et autour des hippodromes, de concours de saut d'obstacles et de courses de trot
- La promotion des sports équestres à titre récréatif et en équipe, le conseil et le commerce dans ce domaine
- Agir en tant que commissionnaire ou intermédiaire dans le cadre d'activités mobilières, immobilières ou commerciales
- La société peut être directement ou indirectement intéressée par toutes les activités liées aux chevaux, y compris la location de salles multifonctionnelles, la location de moyens de transport pour chevaux, la location de boxes, la mise à disposition de terrains, les activités d'élevage de chevaux, la vente au détail d'équipements d'équitation, la location de chevaux pour le transport, la rééducation de chevaux et l'exploitation de toute forme d'installation équestre
- La fourniture de services de gestion, de conseils en matière de marketing, de produits, de développement commercial, de finances et de gestion administrative et commerciale, l'élaboration de projets d'organisation dans tous types d'entreprises, la prise de participations minoritaires et/ou majoritaires dans des sociétés existantes et/ou à créer, l'octroi de moyens financiers, la réalisation d'études de rentabilité et d'études techniques, la création de prototypes, de nouveaux produits et de nouveaux marchés
- La prestation de services administratifs au sens le plus large du terme, et notamment de secrétariat et de gestion, de conseil et la réalisation de missions d'étude et d'audits dans divers secteurs, tels que l'ensemble des services juridiques, financiers, administratifs et fiscaux, ainsi que l'assistance technique, administrative, juridique, financière et économique
- La société peut également accomplir des missions d'audit spéciales et fournir une assistance à l'occasion de négociations et de représentations commerciales en Belgique et à l'étranger
- La prise de participations dans toutes sortes d'entreprises industrielles, commerciales ou civiles, ainsi que la gestion des participations ainsi acquises, cette gestion devant être comprise au sens le plus large
- La société peut acquérir, louer ou mettre en location, fabriquer, céder ou échanger tous biens mobiliers ou immobiliers, matériaux et fournitures et, d'une manière générale, effectuer tous actes commerciaux, industriels ou financiers qui se rapportent directement ou indirectement à son objet, y compris la sous-traitance en général, ainsi que l'exploitation de tous droits intellectuels et de toute propriété industrielle ou commerciale s'y rapportant
- La société peut acquérir à titre d'investissement tous biens mobiliers et immobiliers, même si ceux-ci ne sont liés ni directement ni indirectement à l'objet de la société
- La société peut assurer la gestion et la liquidation de toutes les sociétés liées avec lesquelles il existe un lien de participation quelconque et peut accorder à ces dernières tous prêts, sous quelque forme et pour quelque durée que ce soit, ou fournir des garanties pour ces sociétés
- La société peut, par tout autre moyen, prendre une participation dans toutes les sociétés ou entreprises existantes ou à créer, en Belgique ou à l'étranger, dont l'objet est identique, similaire ou connexe au sien, ou de nature à favoriser la réalisation de son objet
- La gestion d'un patrimoine mobilier et immobilier
- La société peut accomplir tous les actes de droit civil possibles d'achat, de vente, de transformation, d'aménagement, de conclusion de baux commerciaux et autres, de sous-location et d'échange de biens immobiliers, à l'exception des activités d'acheteur et de vendeur professionnels
- La société peut également contracter ou octroyer tous les emprunts possibles
- La société peut effectuer tous actes commerciaux, industriels, financiers, mobiliers ou immobiliers qui sont directement ou indirectement liés à son objet
- Elle peut, par voie d'apport, de fusion, de souscription, de participation, d'intervention financière ou de toute autre manière, prendre une participation dans toutes les sociétés ou entreprises existantes ou à créer, en Belgique ou à l'étranger, dont l'objet est identique, similaire ou connexe au sien, ou de nature à favoriser la réalisation de son objet
Legal form clause
Registered office clause
Région de Bruxelles-Capitale, la société peut établir des sièges administratifs, agences, ateliers, dépôts et succursales en Belgique ou à l'étranger par simple…
Share issue rule
Traitement égal de tous les actionnaires, l'organe d'administration décide souverainement des appels de fonds complémentaires
Share class
Nominatives, les titulaires d'actions peuvent prendre connaissance de ce registre relatif à leurs titres
En cas de démembrement en usufruit et nue-propriété, les droits y afférents sont exercés par l'usufruitier, la société ne reconnaît qu'un seul propriétaire pour…
Transfer restriction
Les actions sont cessibles de manière limitée, à peine de nullité
Article 9. TER. CESSION D’ACTIONS ENTRE VIFS - PROCEDURE D'AGREMENT
Refus d'agrément d'une cession entre vifs, Le refus d'agrément ne peut donner lieu à aucun recours
Situation des heritiers et legataires d'un actionnaire decede, 9 QUINQUIES
Les héritiers et légataires d'actions qui ne peuvent devenir actionnaires parce qu'ils n'ont pas été agréés ont droit à la valeur des actions transmises, refus…
Other statement
Titre IV. actionnaires
Article 12. DEMISSION
Exclusion, 13
Remboursement, L'actionnaire démissionnaire ou exclu a droit au remboursement de sa part de retrait à concurrence d’un montant équivalent au montant réellement…
Article 18. GESTION JOURNALIERE
Article 21. PROROGATION
Article 22. PRESIDENCE-DELIBERATIONS
Article 23. VOTES
7 more provisions on this in the deed
Board rule
L'administrateur désigné et confirmé dans les conditions ci-dessus termine le mandat de son prédécesseur, organe d'administration
Article 17. REMUNERATION
1 more provision on this in the deed
Auditor rule
Article 19. CONTROLE DE LA SOCIETE
Profit allocation
Article 25. REPARTITION
Dissolution rule
One provision in the deed
Liquidation rule
One provision in the deed
Liquidation distribution
One provision in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 11-09-2026 Capital stated in the act · 60 shares
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.334.160.587
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,961 companies in sector 01430 we hold annual accounts for 742. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
01430Raising of horses and other equines
93127Equestrian clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788429064
Also
9925:BE0788429064
Registered
20-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.