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VM Boringen

Active
Private limited companyfounded 20188 yrs activeHoge Mauw 1326, 2370 Arendonk, BelgiumKBO/BCE: BE 0707.657.164
Summary

The computed 12-month bankruptcy probability of VM Boringen is 7.1% (elevated). The 2024 annual accounts show equity of €19,124 and a net result of -€116,980. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 7482 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VM BoringenActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Specialised construction activities
NACE 43130
1 site
Size
€2.6mtotal assets 2024
Staff
12.8 FTE
Equity
€19,124
Loss
-€116,980
Turnover not published (abridged schema)
Financial health
34 Weak Checked score 2024
Bankruptcy chance 12 m
7.1%
Structure
Largest shareholder
VAN MECHGELEN PIETER · 50%
Accounts 65 d overdue0 of 4 deeds read
Why 34- Figures for FY 2024 (filed 29-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late- Size: 12.8 FTE, total assets €2.6m- Equity €19,124 (0.7% of total assets)Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 32% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 26+4
equity 0.7% of total assets
Liquidity 17+5
short-term debt 74.0% · cash 5.9%
Profitability 43-26
return on assets -4.5%
Bankruptcy probability, 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,633 companies)
Last 24 months 11-2024: 3.8% 12-2024: 3.8%▲ +1.1% vs 11-2024 01-2025: 3.7%▼ -3.1% vs 12-2024 02-2025: 3.7%● 0.0% vs 01-2025 03-2025: 3.6%▼ -2.2% vs 02-2025 04-2025: 3.7%▲ +1.2% vs 03-2025 05-2025: 3.7%▲ +1.1% vs 04-2025 06-2025: 3.8%▲ +2.1% vs 05-2025 07-2025: 4.1%▲ +9.0% vs 06-2025 08-2025: 5.1%▲ +24.0% vs 07-2025 09-2025: 5.3%▲ +4.1% vs 08-2025 10-2025: 3.4%▼ -36.1% vs 09-2025 11-2025: 3.4%● 0.0% vs 10-2025 12-2025: 3.4%● 0.0% vs 11-2025 01-2026: 3.4%▼ -1.0% vs 12-2025lowest value 02-2026: 3.4%▲ +1.4% vs 01-2026 03-2026: 3.8%▲ +10.2% vs 02-2026 04-2026: 3.8%▲ +1.4% vs 03-2026 05-2026: 3.5%▼ -7.7% vs 04-2026 06-2026: 3.6%▲ +2.1% vs 05-2026 07-2026: 3.8%▲ +4.6% vs 06-2026 08-2026: 4.7%▲ +25.4% vs 07-2026 09-2026: 4.9%▲ +4.0% vs 08-2026 10-2026: 7.1%▲ +44.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 29-09-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late raises the probability
  • Size: 12.8 FTE, total assets €2.6m raises the probability for this profile
  • Equity €19,124 (0.7% of total assets) raises the probability
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 0.72 in 2023; short-term debt: 74% and cash: 5.9% of total assets), and 99.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 4%, liquidity 9%, profitability 19%, growth against the median 97%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 29-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Size: 12.8 FTE, total assets €2.6m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Equity €19,124 (0.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 7482 sector peers (2024).
NBB · sector comparison
Position among 7482 sector peers
Solvency
better than 6%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
78 d late
2022
63 d late
2021
6 d early
2020
121 d early
2019
42 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Highest result since 2019net €74,169 ▲46.7%

Key points

  • Caution: From profit to loss in 2024after €74,169 in 2023 -€116,980 View
  • Caution: Among the weakest 5% on net resultsector median €44,150 · 7,476 companies -€116,980 View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View

By topic

Financials

Fiscal year
2024
Total assets
€2.6m
Loss
-€116,980
Solvency
0.7%
Total assets▲ 29.5%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2020
  1. 29-09-2025Annual accounts filed
  2. 17-10-2024Annual accounts filed
  3. 31-12-2023Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Specialised construction activitiesNACE 43130
Founded
02-10-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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