VLAZJELE
ActiveSummary
VLAZJELE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276k and a net result of €-6k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 6.82 against 6.79 in 2024; short-term debt: 14.7% and cash: 63.6% of total assets), and 14.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
85.3%
Return on assets
-1.8%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
28 d late
2022
23 d late
2021
22 d late
2020
1 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€276k▼ 2.1%
2024 · €282k
2019: €-43klowest in 7 years
2020: €17k▲ +139% vs 2019
2021: €62k▲ +274% vs 2020
2022: €240k▲ +286% vs 2021
2023: €293k▲ +22.2% vs 2022highest in 7 years
2024: €282k▼ -3.9% vs 2023
2025: €276k▼ -2.1% vs 2024
2019 → 2025
Total assets
€323k▼ 2.1%
2024 · €330k
2019: €1.89Mhighest in 7 years
2020: €1.65M▼ -12.6% vs 2019
2021: €1.16M▼ -29.9% vs 2020
2022: €419k▼ -63.9% vs 2021
2023: €356k▼ -15.0% vs 2022
2024: €330k▼ -7.3% vs 2023
2025: €323k▼ -2.1% vs 2024lowest in 7 years
2019 → 2025
Net result
€-6k▲ 49.2%
2024 · €-11k
2019: €76k
2020: €-17k▼ -122% vs 2019lowest in 7 years
2021: €46k▲ +374% vs 2020
2022: €178k▲ +290% vs 2021highest in 7 years
2023: €53k▼ -70.1% vs 2022
2024: €-11k▼ -121% vs 2023
2025: €-6k▲ +49.2% vs 2024
2019 → 2025
Working capital
€276k▼ 2.1%
2024 · €282k
2019: €1.50Mhighest in 7 years
2020: €1.26M▼ -16.1% vs 2019
2021: €492k▼ -61.0% vs 2020
2022: €240k▼ -51.2% vs 2021lowest in 7 years
2023: €293k▲ +22.2% vs 2022
2024: €282k▼ -3.9% vs 2023
2025: €276k▼ -2.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€240k▲ 286%€293k▲ 22.2%€282k▼ 3.9%€276k▼ 2.1%
2021: €62klowest in 5 years
2022: €240k▲ +286% vs 2021
2023: €293k▲ +22.2% vs 2022highest in 5 years
2024: €282k▼ -3.9% vs 2023
2025: €276k▼ -2.1% vs 2024
Operating result€46k-€290k▲ 530%€78k▼ 73.1%€-11k€-6k▲ 49.6%
2021: €46k
2022: €290k▲ +530% vs 2021highest in 5 years
2023: €78k▼ -73.1% vs 2022
2024: €-11k▼ -115% vs 2023lowest in 5 years
2025: €-6k▲ +49.6% vs 2024
Net result€46k-€178k▲ 290%€53k▼ 70.1%€-11k€-6k▲ 49.2%
2021: €46k
2022: €178k▲ +290% vs 2021highest in 5 years
2023: €53k▼ -70.1% vs 2022
2024: €-11k▼ -121% vs 2023lowest in 5 years
2025: €-6k▲ +49.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €323k
Equity
€276k ▼ 2.1%
Debt
€47k ▼ 2.5%
Debt's share of the balance-sheet total falls from 14.7% to 14.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.82▲
2024 · 6.79
Quick ratio
4.39▼
2024 · 4.42
Debt to equity
0.17▼
2024 · 0.17
ROE
-2.1%▲
2024 · -4.0%
ROA
-1.8%▲
2024 · -3.4%
Debt ≤ 1 year
€47k▼
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€330k€323k▼
Current assets29/58€330k€323k▼
Stocks and contracts in progress3€115k€115k=
Stocks30/36€115k€115k=
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€1k€0▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€212k€205k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€330k€323k▼
Equity10/15€282k€276k▼
Contributions10/11€60k€60k=
Reserves13€276k€276k=
Distributable reserves133€276k€276k=
Profit (loss) carried forward14€-55k€-60k▼
Amounts payable17/49€49k€47k▼
Amounts payable within one year42/48€49k€47k▼
Trade debts44€2k€943▼
Suppliers440/4€2k€943▼
Other amounts payable47/48€46k€46k=
Income statement
Code20242025
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-9k€-3k▲
Operating profit (loss)9901€-11k€-6k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€46€69▲
Recurring financial charges65€46€69▲
Profit (loss) for the period before taxes9903€-11k€-6k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-11k€-6k▲
Profit (loss) for the period to be appropriated9905€-11k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-60k▼
Profit (loss) brought forward from the previous period14P€-43k€-55k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1k | €1k | €2k | €3k | ▲ 4.5% |
| Gross operating margin9900 | €47k | €291k | €79k | €-9k | €-3k | ▲ 64.4% |
| Operating profit (loss)9901 | €46k | €290k | €78k | €-11k | €-6k | ▲ 49.6% |
| Financial income75/76B | - | €1 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €1 | €0 | - | €0 | - |
| Financial charges65/66B | - | €22k | €45 | €46 | €69 | ▲ 49.2% |
| Recurring financial charges65 | €403 | €22k | €45 | €46 | €69 | ▲ 49.2% |
| Profit (loss) for the period before taxes9903 | €46k | €267k | €78k | €-11k | €-6k | ▲ 49.2% |
| Income taxes67/77 | - | €90k | €25k | €0 | - | - |
| Profit (loss) for the period9904 | €46k | €178k | €53k | €-11k | €-6k | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €46k | €178k | €53k | €-11k | €-6k | ▲ 49.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €419k | €356k | €330k | €323k | ▼ 2.1% |
| Current assets29/58 | €1.16M | €419k | €356k | €330k | €323k | ▼ 2.1% |
| Stocks and contracts in progress3 | €1.11M | €257k | €131k | €115k | €115k | = |
| Stocks30/36 | - | €257k | €131k | €115k | €115k | = |
| Amounts receivable within one year40/41 | €0 | €2k | €28k | €3k | €2k | ▼ 11.1% |
| Trade receivables40 | - | €2k | €2k | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €852 | €26k | €2k | €2k | ▲ 42.0% |
| Cash at bank and in hand54/58 | €52k | €149k | €197k | €212k | €205k | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | €11k | €224 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €419k | €356k | €330k | €323k | ▼ 2.1% |
| Equity10/15 | €62k | €240k | €293k | €282k | €276k | ▼ 2.1% |
| Contributions10/11 | - | €60k | €60k | €60k | €60k | = |
| Reserves13 | €46k | €223k | €276k | €276k | €276k | = |
| Distributable reserves133 | - | €223k | €276k | €276k | €276k | = |
| Profit (loss) carried forward14 | €-43k | €-43k | €-43k | €-55k | €-60k | ▼ 10.6% |
| Amounts payable17/49 | €1.10M | €179k | €63k | €49k | €47k | ▼ 2.5% |
| Amounts payable after more than one year17 | €429k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €668k | €179k | €63k | €49k | €47k | ▼ 2.5% |
| Trade debts44 | €16k | €18k | €17k | €2k | €943 | ▼ 56.0% |
| Suppliers440/4 | - | €18k | €17k | €2k | €943 | ▼ 56.0% |
| Taxes, remuneration and social security45 | - | €5k | €0 | - | - | - |
| Taxes450/3 | - | €5k | €0 | - | - | - |
| Other amounts payable47/48 | - | €156k | €46k | €46k | €46k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €178k | €53k | €-11k | €-6k | ▲ 49.2% |
| Operating cash flow (approximation) | €46k | €178k | €53k | €-11k | €-6k | ▲ 49.2% |
| Change in cash | - | €97k | €49k | €15k | €-7k | ▼ 145% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-03
Financial
Liquidity doublescurrent ratio 5.63
Current ratio from 2.34 to 5.63; short-term debt falls from €179k to €63k.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
31-03
Financial
Highest result since 2019net €178k ▲290%
Operating result €290k, net result €178k, both a record.
31-03
Financial
Equity above €200kEq €240k ▲286%
2 profitable years in a row build equity to €240k.
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
31-03
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koekelare
Ground area
1,431 m²
Building footprint
526 m²
Volume, LiDAR
2,472 m³
Parcel 32010A1271/00R002, Flanders · tallest building 12.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A1271/00R002 | Flanders | 1,431 m² | 1 · 526 m² | 12.3 m · 1 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,207 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-05-2016
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.