VLOVAN
ActiveVLOVAN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €43k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+53
Solvency81▼-19
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 3.95 in 2024), and 19.4% 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○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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.6%
Return on assets
15.6%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
12 d early
2023
on the day
2022
3 d early
2021
9 d early
2020
30 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€222k▲ 5.5%
2024 · €210k
2018: €406k
2019: €438k
2020: €648k
2021: €614k
2022: €589k
2023: €547k
2024: €210k
2018 → 2025
Total assets
€276k▲ 20.8%
2024 · €228k
2018: €580k
2019: €618k
2020: €1.20M
2021: €1.00M
2022: €963k
2023: €923k
2024: €228k
2018 → 2025
Net result
€43k▲ 134%
2024 · €18k
2018: €28k
2019: €32k
2020: €210k
2021: €-33k
2022: €-26k
2023: €-42k
2024: €18k
2018 → 2025
Working capital
€7k▼ 85.7%
2024 · €52k
2018: €104k
2019: €159k
2020: €-4k
2021: €-235k
2022: €-276k
2023: €-313k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€614k-€589k▼ 4.2%€547k▼ 7.1%€210k▼ 61.5%€222k▲ 5.5%
Operating result€-20k-€-12k▲ 41.7%€-15k▼ 30.7%€27k€47k▲ 71.6%
Net result€-33k-€-26k▲ 22.8%€-42k▼ 64.4%€18k€43k▲ 134%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 72% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€220k▲ 38.8%
Current assets
€56k▼ 20.1%
Equity and liabilities €276k
Equity
€222k▲ 5.5%
Debt
€54k▲ 203%
The debt ratio rises from 7.7% to 19.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€55k▲
2024 · €35k
Cash flow
€51k▲
2024 · €27k
Solvency
80.6%▼
2024 · 92.3%
Current ratio
1.15▼
2024 · 3.95
Quick ratio
1.15▼
2024 · 3.95
Debt / equity
0.24▲
2024 · 0.08
ROE
19.4%▲
2024 · 8.8%
ROA
15.6%▲
2024 · 8.1%
Interest coverage
21.03▲
2024 · 4.05
Debt
€54k▲
2024 · €18k
Debt ≤ 1 year
€48k▲
2024 · €18k
Income taxes
€993
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€228k€276k▲
Fixed assets21/28€158k€220k▲
Tangible fixed assets22/27€158k€220k▲
Land and buildings22€158k€219k▲
Furniture and vehicles24€572€390▼
Current assets29/58€70k€56k▼
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€13k€14k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€54k€41k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€228k€276k▲
Equity10/15€210k€222k▲
Contributions10/11€8k€8k=
Reserves13€241k€214k▼
Distributable reserves133€241k€214k▼
Profit (loss) carried forward14€-38k-
Amounts payable17/49€18k€54k▲
Amounts payable within one year42/48€18k€48k▲
Trade debts44€698€742▲
Suppliers440/4€698€742▲
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€5k€42k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€17k€5k▼
Gross operating margin9900€53k€60k▲
Operating profit (loss)9901€27k€47k▲
Financial charges65/66B€9k€3k▼
Recurring financial charges65€9k€3k▼
Profit (loss) for the period before taxes9903€18k€44k▲
Income taxes67/77-€993
Profit (loss) for the period9904€18k€43k▲
Profit (loss) for the period to be appropriated9905€18k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€5k▲
Profit (loss) brought forward from the previous period14P€-56k€-38k▲
Transfer from equity791/2€105k€32k▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
Profit to be distributed694/7€105k€32k▼
Return on contributions (dividend)694€105k€32k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €18k
Net result €18k after 3 loss-making years.
30-09
Financial
Liquidity times 31current ratio 3.95
Current ratio from 0.13 to 3.95; short-term debt falls from €359k to €18k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €210k ▲555%
Operating result €353k, net result €210k, both a record.
30-09
Financial
Equity above €500kEq €648k ▲47.9%
3 profitable years in a row build equity to €648k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Zuienkerke · 1 establishment unit since 2014
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.
Domein 168377 ZuienkerkeGround area
545 m²
Building footprint
130 m²
Volume, LiDAR
781 m³
Parcel 31020B0096/00W000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vlovan
since 20142.231.730.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31020B0096/00W000 | Flanders | 545 m² | 1 · 130 m² | 9.0 m · 2 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 82,218 companies in sector 70200 we hold annual accounts for 52,395. 39,281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2014
Fiscal year end30-09
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 · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.