VLW
ActiveVLW has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €697k and a net result of €72k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 39% of 17046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+2
Solvency73▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 1.92 in 2024; short-term debt: 5.7% and cash: 5.2% of total assets), but 52.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
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
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
47.6%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
61 d late
2022
108 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€219k
EBIT margin
47.2%
Net result
€72k▲ 54.3%
2024 · €46k
2018: €11k
2019: €87k
2020: €88k
2021: €67k
2022: €85k
2023: €79k
2024: €46k
2018 → 2025
Working capital
€169k▲ 21.9%
2024 · €139k
2018: €133k
2019: €69k
2020: €191k
2021: €52k
2022: €174k
2023: €199k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€219k-
Equity€388k-€472k▲ 21.8%€552k▲ 16.8%€598k▲ 8.4%€697k▲ 16.6%
Operating result€103k-€126k▲ 21.7%€121k▼ 4.2%€69k▼ 43.2%€108k▲ 58.1%
Net result€67k-€85k▲ 27.0%€79k▼ 6.2%€46k▼ 41.5%€72k▲ 54.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.21M▲ 0.6%
Current assets
€253k▼ 12.4%
Equity and liabilities €1.46M
Equity
€697k▲ 16.6%
Debt
€767k▼ 14.3%
The debt ratio falls from 60.0% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▲
2024 · €111k
Cash flow
€124k▲
2024 · €89k
Solvency
47.6%▲
2024 · 40.0%
Current ratio
3.02▲
2024 · 1.92
Quick ratio
3.02▲
2024 · 1.92
Debt / equity
1.10▼
2024 · 1.50
ROE
10.3%▲
2024 · 7.8%
ROA
4.9%▲
2024 · 3.1%
Interest coverage
10.19▲
2024 · 8.34
Debt
€767k▼
2024 · €896k
Debt ≤ 1 year
€84k▼
2024 · €150k
Debt > 1 year
€677k▼
2024 · €735k
Income taxes
€28k▲
2024 · €19k
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€1.49M€1.46M▼
Fixed assets21/28€1.21M€1.21M▲
Tangible fixed assets22/27€1.18M€1.21M▲
Land and buildings22€1.17M€1.20M▲
Plant, machinery and equipment23€87€4k▲
Furniture and vehicles24€9k€5k▼
Leasing and similar rights25€0-
Other tangible fixed assets26-€6k
Financial fixed assets28€22k€195▼
Current assets29/58€289k€253k▼
Amounts receivable within one year40/41€243k€158k▼
Trade receivables40€110k€41k▼
Other amounts receivable41€133k€117k▼
Current investments50/53€10k€16k▲
Cash at bank and in hand54/58€31k€76k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.49M€1.46M▼
Equity10/15€598k€697k▲
Contributions10/11€6k€11k▲
Reserves13€575k€669k▲
Distributable reserves133€575k€669k▲
Profit (loss) carried forward14€17k€17k=
Amounts payable17/49€896k€767k▼
Amounts payable after more than one year17€735k€677k▼
Financial debts170/4€735k€677k▼
Amounts payable within one year42/48€150k€84k▼
Current portion of amounts payable after more than one year42€57k€59k▲
Trade debts44€62k€716▼
Suppliers440/4€62k€716▼
Taxes, remuneration and social security45€31k€24k▼
Taxes450/3€31k€24k▼
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€11k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€53k▲
Other operating charges640/8€47k€12k▼
Gross operating margin9900€158k€173k▲
Operating profit (loss)9901€69k€108k▲
Financial income75/76B€10k€7k▼
Recurring financial income75€9k€7k▼
Non-recurring financial income76B€1k€732▼
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€66k€100k▲
Income taxes67/77€19k€28k▲
Profit (loss) for the period9904€46k€72k▲
Profit (loss) for the period to be appropriated9905€46k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€89k▲
Profit (loss) brought forward from the previous period14P€17k€17k=
Transfer to equity691/2€46k€72k▲
To other reserves6921€46k€72k▲
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €500kEq €552k ▲16.8%
6 profitable years in a row build equity to €552k.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.89
Current ratio from 1.65 to 5.89; short-term debt falls from €80k to €36k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €88k ▲0.6%
Net result €88k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €200kEq €233k ▲60%
2 profitable years in a row build equity to €233k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-03-2021
Nadia SCHRUERS: Resigned as Manager
18-03-2021
Stijn VAN LOMMEL-WUESTENBERG: Resigned as Manager
Location & real-estate footprint
Registered office, Boutersem · 2 establishment units since 2001
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.
Nieuwstraat 113370 BoutersemGround area
1,808 m²
Building footprint
796 m²
Volume, LiDAR
9,502 m³
2 parcels, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Nieuwstraat 11, 3370 Boutersem
since 20012.116.470.813
Paul Lebrunstraat 26, 3000 Leuven
since 20242.364.508.325
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24016B0314/00B003 | Flanders | 1,106 m² | 1 · 133 m² | 10.1 m · 2 fl. |
| 24502C0501/00E002 | Flanders | 702 m² | 1 · 662 m² | 17.5 m · 5 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 · 1,471 EUR awarded · 1,471 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,471 EUR | 1,471 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
i-works
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CYBERNITED
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Oostkamp · Eq €698k
SPREDS
BE 0837.496.614
Brussel · Eq €698k
NSES
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Bree · Eq €698k
BATIXEL
BE 0472.656.056
Ans · Eq €698k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 10,448 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2001
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
62010Computer programming, consultancy and related activities
62100Computer programming
68201Renting and operating of own or leased residential real estate, excluding social housing
72220
72500
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.