VLS
ActiveThe file of VLS contains 3 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 5.3% (elevated). The 2024 annual accounts show equity of €152,758 and a net result of -€2,940. Equity has been shrinking by about 10% per year since 2018.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-02-1997 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.096.908.782 1080 Sint-Jans-Molenbeek, since 26-01-2001
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.3%
- Gross margin
- -€543
- ▲ 12.8%
- Loss
- €2,940
- ▼ 29.1%
- Equity
- €152,758
- ▼ 1.9%
- Total assets
- €752,249
- ▼ 0.2%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskLiquidity: current ratio 1.25, cash €33Figures for financial year 2024 (filed on 09-07-2026)1 financial year not filed after the legal deadline; last filed accounts filed 343 days late; 3 of the last 3 accounts latelowers riskSize: total assets €752,249Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 28% of them on solvency, 8% on liquidity, 27% on profitability and 38% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 400 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 09-07-2026 at the NBB all 23 filings
Every figure per financial year
The operating result for 2024 is a loss of €2,805, smaller than the loss of €4,027 in 2023.
- 2023 Net result +96% on 2022. The accounts now follow the micro format, last year the full format.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Overdue tax debts | €303,082 | - | - | - |
| Overdue social security (RSZ) debts | €10,372 | - | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €15,293 | €1,357 | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | €868 | €3,405 | €2,263 | ▼ 33.5% |
| Gross operating margin9900 | €903 | -€1,985 | -€8,129 | -€15,293 | -€107,861 | -€622 | -€543 | ▲ 12.8% |
| Operating profit (loss)9901 | €555 | -€2,333 | -€8,477 | -€15,703 | -€108,729 | -€4,027 | -€2,805 | ▲ 30.3% |
| Recurring financial income75 | - | €869 | €591 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €120 | €90 | €120 | €135 | ▲ 12.5% |
| Recurring financial charges65 | €99 | €74 | €110 | €120 | €90 | €120 | €135 | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | €456 | -€1,538 | -€7,996 | -€15,823 | -€108,819 | -€4,147 | -€2,940 | ▲ 29.1% |
| Profit (loss) for the period9904 | €456 | -€1,538 | -€7,996 | -€15,823 | -€108,819 | -€4,147 | -€2,940 | ▲ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €456 | -€1,538 | -€7,996 | -€15,823 | -€108,819 | -€4,147 | -€2,940 | ▲ 29.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €894,224 | €893,432 | €888,420 | €884,834 | €754,586 | €753,739 | €752,249 | ▼ 0.2% |
| Fixed assets21/28 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | = |
| Tangible fixed assets22/27 | €0 | €0 | €0 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | €1,632 | = |
| Current assets29/58 | €892,592 | €891,800 | €886,788 | €883,202 | €752,954 | €752,107 | €750,617 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €892,477 | €890,949 | €886,212 | €883,016 | €752,870 | €752,077 | €750,584 | ▼ 0.2% |
| Trade receivables40 | - | - | - | €877,116 | €732,090 | €703,247 | €689,154 | ▼ 2.0% |
| Other amounts receivable41 | - | - | - | €5,900 | €20,780 | €48,830 | €61,430 | ▲ 25.8% |
| Cash at bank and in hand54/58 | €116 | €851 | €576 | €186 | €84 | €30 | €33 | ▲ 8.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €894,224 | €893,432 | €888,420 | €884,834 | €754,586 | €753,739 | €752,249 | ▼ 0.2% |
| Equity10/15 | €294,021 | €292,484 | €284,488 | €268,665 | €159,846 | €155,698 | €152,758 | ▼ 1.9% |
| Contributions10/11 | €37,184 | €37,184 | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Profit (loss) carried forward14 | €256,837 | €255,300 | €247,304 | €231,481 | €122,662 | €118,514 | €115,574 | ▼ 2.5% |
| Amounts payable17/49 | €600,203 | €600,948 | €603,932 | €616,168 | €594,740 | €598,040 | €599,490 | ▲ 0.2% |
| Amounts payable within one year42/48 | €600,203 | €600,948 | €603,932 | €616,168 | €594,740 | €598,040 | €599,490 | ▲ 0.2% |
| Trade debts44 | €49,374 | €52,144 | €56,510 | €68,921 | €69,796 | €73,710 | €75,422 | ▲ 2.3% |
| Suppliers440/4 | - | - | - | €68,921 | €69,796 | €73,710 | €75,422 | ▲ 2.3% |
| Taxes, remuneration and social security45 | - | - | - | €313,454 | €291,088 | €290,575 | €290,362 | ▼ 0.1% |
| Taxes450/3 | - | - | - | €303,082 | €280,716 | €290,575 | €290,362 | ▼ 0.1% |
| Remuneration and social security454/9 | - | - | - | €10,372 | €10,372 | - | - | - |
| Other amounts payable47/48 | - | - | - | €233,793 | €233,856 | €233,756 | €233,706 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €456 | -€1,538 | -€7,996 | -€15,823 | -€108,819 | -€4,147 | -€2,940 | ▲ 29.1% |
| Operating cash flow (approximation) | €456 | -€1,538 | -€7,996 | -€15,823 | -€108,819 | -€4,147 | -€2,940 | ▲ 29.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €735 | -€275 | -€390 | -€102 | -€54 | €3 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as VLS has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VLS itself is higher: 5.3% within 12 months. It rests on far more data about VLS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for VLS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 09-07-2026 | 2026-00277601 | |
| 31-12-2023 | micro format | 04-07-2026 | 2026-00259219 | |
| 31-12-2022 | full format | 15-05-2026 | 2026-00111635 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20446163 | |
| 31-12-2020 | full format | 24-08-2021 | 2021-52400523 | |
| 31-12-2019 | full format | 08-04-2021 | 2021-10000457 | |
| 31-12-2018 | full format | 08-04-2021 | 2021-10000455 | |
| 31-12-2017 | full format | 08-04-2021 | 2021-10000453 | |
| 31-12-2016 | full format | 08-04-2021 | 2021-10000452 | |
| 31-12-2015 | full format | 12-10-2020 | 2020-61100072 |
Board & ownership
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Claude Beck Rue Du Ry Ternel 14, 1421 Ophain- Bois-Seigneur Isaac |
04-02-2019 → 05-06-2019 |
| Trustee | Me Gutmann Le Paige Maia, Rue De La Loi 28/8, 1000 Bruxelles |
10-06-2014 → 05-06-2019 |
Owners and capital
Owners
Network & group
VLS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VLS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25772H0090/00A002 | Wallonia | 646 m² | 1 · 106 m² | 8.0 m · 2 |
| 21522B0339/00Y011 | Brussels | 533 m² | 1 · 533 m² | 13.7 m · 3 |