Financials
- Fiscal year
- 2025
- Total assets
- €3.8m
- Loss
- -€911,410
- Solvency
- -127.8%
Total assets▼ 13.9%
Net result
20182025
VLASMARKT
ActiveSummary
VLASMARKT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4.9m) and a net result of -€911,410. Equity is shrinking by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 5063 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€3.8mtotal assets 2025
- Equity
- -€4.9m
- Loss
- -€911,410
Structure
- Parent
- Promiris · 90%
- Board
- 2 members
Accounts 43 d early1 of 11 deeds read
Why 52Capped at 59: negative equity- Loss of €911,410, the second in a row (FY 2025)- Negative equity -€4.9m+ Size: total assets €3.8m+ Figures for FY 2025 (filed 18-06-2026)Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 5% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -127.8% of total assets
Liquidity
1+1
short-term debt 110.7% · cash 0.5%
Profitability
0=
return on assets -24.0%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: 1.0%
06-2025: 1.1%▲ +3.7% vs 05-2025
07-2025: 1.1%▲ +0.2% vs 06-2025
08-2025: 1.3%▲ +18.1% vs 07-2025
09-2025: 1.4%▲ +12.2% vs 08-2025
10-2025: 1.9%▲ +31.8% vs 09-2025
11-2025: 2.6%▲ +38.6% vs 10-2025
12-2025: 2.6%● 0.0% vs 11-2025
01-2026: 2.6%● 0.0% vs 12-2025
02-2026: 2.7%▲ +1.5% vs 01-2026
03-2026: 2.7%● 0.0% vs 02-2026
04-2026: 2.6%▼ -1.9% vs 03-2026
05-2026: 2.7%▲ +2.7% vs 04-2026
06-2026: 2.8%▲ +2.7% vs 05-2026highest value
07-2026: 0.6%▼ -79.0% vs 06-2026lowest value
08-2026: 0.6%● 0.0% vs 07-2026lowest value
09-2026: 0.6%● 0.0% vs 08-2026lowest value
10-2026: 0.6%● 0.0% vs 09-2026lowest value
- Size: total assets €3.8m lowers the probability for this profile
- Loss of €911,410, the second in a row (FY 2025) raises the probability
- Negative equity -€4.9m raises the probability
- Figures for FY 2025 (filed 18-06-2026) lowers the probability
No credit on open account
Liquidity short (current ratio 0.9 against 0.55 in 2024; short-term debt: 110.7% and cash: 0.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 1%, liquidity 3%, profitability 1%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
81 d late
2023
62 d early
2022
59 d early
2021
61 d early
2020
57 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 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)
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 2 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Marc Limpens (director)Appointments: Laurène Banti (director) and…
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€4.9m View
- Risk: 8 loss-making years in a rowloss fiscal year 2025 -€911,410 View
- Caution: Among the weakest 5% on solvencysector median 38.3% · 5,063 companies -127.8% View
- Board changedlatest change 07-08-2026 · 2 in office 2 joined · 1 left View
- Controlled by Promirisultimately: IRIS INTERNATIONAL SA 90% View
- Positive: Result rose in 2025from -€1.4m to -€911,410 ▲ 34.8% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Promiris · 90%
Go to Board & ownership
Network & group
- Group
- IRIS INTERNATIONAL SA
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 07-08-2026Resignation: Marc Limpens (director)
- 18-06-2026Annual accounts filed
- 20-10-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 02-04-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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