VLEBEL
ActiveVLEBEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.64M and a net result of €-1.19M. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 8073 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency66▼-20
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days only on tighter terms
Liquidity short (current ratio 0.49 against 1.36 in 2023), and 37.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
62.1%
Return on assets
-28.1%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1.2M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
162 d late
2022
71 d late
2021
131 d late
2020
40 d late
2019
78 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.64M▼ 31.1%
2023 · €3.83M
2018: €5.39M
2019: €4.52M
2020: €5.38M
2021: €5.43M
2022: €5.49M
2023: €3.83M
2018 → 2024
Total assets
€4.24M▼ 15.5%
2023 · €5.02M
2018: €7.33M
2019: €6.54M
2020: €7.04M
2021: €6.82M
2022: €6.80M
2023: €5.02M
2018 → 2024
Net result
€-1.19M▲ 28.5%
2023 · €-1.67M
2018: €36k
2019: €-869k
2020: €123k
2021: €54k
2022: €58k
2023: €-1.67M
2018 → 2024
Working capital
€-664k
2023 · €294k
2018: €1.65M
2019: €304k
2020: €1.18M
2021: €940k
2022: €898k
2023: €294k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.38M-€5.43M▲ 1.0%€5.49M▲ 1.1%€3.83M▼ 30.3%€2.64M▼ 31.1%
Operating result€128k-€56k▼ 56.2%€153k▲ 172%€15k▼ 90.3%€-246k
Net result€123k-€54k▼ 56.3%€58k▲ 8.3%€-1.67M€-1.19M▲ 28.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €246k after €15k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.24M
Fixed assets
€3.60M▼ 8.1%
Current assets
€642k▼ 41.7%
Equity and liabilities €4.24M
Equity
€2.64M▼ 31.1%
Debt
€1.61M▲ 34.5%
The debt ratio rises from 23.8% to 37.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-137k▼
2023 · €180k
Cash flow
€-1.08M▲
2023 · €-1.50M
Solvency
62.1%▼
2023 · 76.2%
Current ratio
0.49▼
2023 · 1.36
Quick ratio
0.49▼
2023 · 1.36
Debt / equity
0.61▲
2023 · 0.31
ROE
-45.2%▼
2023 · -43.5%
ROA
-28.1%▲
2023 · -33.1%
Interest coverage
-2.12▼
2023 · 0.55
Debt
€1.61M▲
2023 · €1.20M
Debt ≤ 1 year
€1.31M▲
2023 · €807k
Debt > 1 year
€284k▼
2023 · €387k
Income taxes
€2k▼
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.02M€4.24M▼
Fixed assets21/28€3.92M€3.60M▼
Tangible fixed assets22/27€3.87M€3.57M▼
Land and buildings22€3.79M€3.53M▼
Plant, machinery and equipment23€611€102▼
Furniture and vehicles24€78k€44k▼
Financial fixed assets28€50k€30k▼
Current assets29/58€1.10M€642k▼
Amounts receivable after more than one year29€256k€131k▼
Other amounts receivable291€256k€131k▼
Amounts receivable within one year40/41€383k€497k▲
Trade receivables40€65k€7k▼
Other amounts receivable41€318k€490k▲
Current investments50/53€442k-
Cash at bank and in hand54/58€19k€13k▼
Deferred charges and accrued income490/1-€64
Equity and liabilities
Total equity and liabilities10/49€5.02M€4.24M▼
Equity10/15€3.83M€2.64M▼
Contributions10/11€19k€19k=
Revaluation surpluses12€740k€740k=
Reserves13€153k€153k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€151k€151k=
Profit (loss) carried forward14€2.92M€1.72M▼
Amounts payable17/49€1.20M€1.61M▲
Amounts payable after more than one year17€387k€284k▼
Financial debts170/4€386k€283k▼
Other amounts payable178/9€830€830=
Amounts payable within one year42/48€807k€1.31M▲
Current portion of amounts payable after more than one year42€83k€49k▼
Financial debts43€304k€297k▼
Credit institutions430/8€304k€297k▼
Trade debts44€55k€53k▼
Suppliers440/4€55k€53k▼
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€17k€5k▼
Other amounts payable47/48€348k€901k▲
Accrued charges and deferred income492/3€2k€20k▲
Income statement
Code20232024
Non-recurring operating income76A-€440k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€109k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€62k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-53k-
Other operating charges640/8€42k€32k▼
Non-recurring operating charges66A-€486k
Gross operating margin9900€169k€444k▲
Operating profit (loss)9901€15k€-246k▼
Financial income75/76B€8k€1.12M▲
Recurring financial income75€8k€18k▲
Non-recurring financial income76B-€1.11M
Financial charges65/66B€1.96M€2.07M▲
Recurring financial charges65€330k€64k▼
Non-recurring financial charges66B€1.63M€2.00M▲
Profit (loss) for the period before taxes9903€-1.93M€-1.19M▲
Transfer from deferred taxes780€272k-
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€-1.67M€-1.19M▲
Profit (loss) for the period to be appropriated9905€-1.67M€-1.19M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.92M€1.72M▼
Profit (loss) brought forward from the previous period14P€4.58M€2.92M▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 162 days late
2023
31-12
Financial
Weakest financial yearnet €-1.67M ▼2966%
Net result drops to €-1.67M, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 131 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.77
Current ratio from 1.16 to 2.77; short-term debt falls from €1.85M to €668k.
31-12
Financial
Equity above €5MEq €5.38M ▲19.1%
Equity rises from €4.52M to €5.38M.
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 78 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 82 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Deinze · 1 establishment unit since 1999
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.
Gentsesteenweg 1909800 DeinzeGround area
3,528 m²
Building footprint
2,102 m²
Volume, LiDAR
9,562 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Palinghuizen 68, 9000 Gent
since 19992.061.808.739
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0501/00N002 | Flanders | 3,157 m² | 1 · 1,764 m² | 6.7 m · 1 fl. |
| 44810K0283/00Z002 | Flanders | 371 m² | 1 · 338 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,319 EUR awarded · 1,319 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,319 EUR | 1,319 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500FDD6T5E064A131
Similar companies · same sector, comparable size
LOBEMA
BE 0443.227.543
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TRANSITIVE MANAGEMENT
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INATIS CORPORATE
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G.S. MANAGEMENT
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PEGGY
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 17,054 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.