VMB LEBF
ActiveVMB LEBF has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-10k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+1
Solvency28▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.02 in 2024; short-term debt: 97.5% and cash: 24.7% of total assets), and 97.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-10k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4533 sector peers (2025).
NBB · sector comparisonPosition among 4533 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k▼ 113%
2024 · €-5k
2022: €-18k
2023: €-21k
2024: €-5k
2022 → 2025
Working capital
€-73k
2024 · €17k
2022: €45k
2023: €22k
2024: €17k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€43k-€22k▼ 48.4%€117k▲ 427%€107k▼ 8.7%
Operating result€-17k-€-4k▲ 77.0%€-5k▼ 22.9%€-8k▼ 61.9%
Net result€-18k-€-21k▼ 13.9%€-5k▲ 77.0%€-10k▼ 113%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.27M
Fixed assets
€180k▲ 80.0%
Current assets
€4.09M▲ 321%
Equity and liabilities €4.27M
Equity
€107k▼ 8.7%
Debt
€4.16M▲ 336%
The debt ratio rises from 89.0% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
2.5%▼
2024 · 11.0%
Current ratio
0.98▼
2024 · 1.02
Quick ratio
0.26▲
2024 · 0.16
Debt / equity
38.82▲
2024 · 8.13
ROE
-9.5%▼
2024 · -4.1%
ROA
-0.2%▲
2024 · -0.4%
Debt
€4.16M▲
2024 · €955k
Debt ≤ 1 year
€4.16M▲
2024 · €955k
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€1.07M€4.27M▲
Fixed assets21/28€100k€180k▲
Financial fixed assets28€100k€180k▲
Current assets29/58€972k€4.09M▲
Stocks and contracts in progress3€818k€3.01M▲
Stocks30/36€818k€3.01M▲
Amounts receivable within one year40/41€10k€15k▲
Trade receivables40€0€8k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€145k€1.06M▲
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€1.07M€4.27M▲
Equity10/15€117k€107k▼
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Profit (loss) carried forward14€-44k€-54k▼
Amounts payable17/49€955k€4.16M▲
Amounts payable within one year42/48€955k€4.16M▲
Financial debts43€250k€2.19M▲
Credit institutions430/8€250k€2.19M▲
Trade debts44€98k€40k▼
Suppliers440/4€98k€40k▼
Advances received on contracts in progress46-€532k
Other amounts payable47/48€606k€1.40M▲
Income statement
Code20242025
Other operating charges640/8€387€520▲
Gross operating margin9900€-4k€-7k▼
Operating profit (loss)9901€-5k€-8k▼
Financial income75/76B€963€0▼
Recurring financial income75€963€0▼
Financial charges65/66B€977€2k▲
Recurring financial charges65€977€2k▲
Profit (loss) for the period before taxes9903€-5k€-10k▼
Profit (loss) for the period9904€-5k€-10k▼
Profit (loss) for the period to be appropriated9905€-5k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-54k▼
Profit (loss) brought forward from the previous period14P€-39k€-44k▼
The notes to these accounts (10 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €117k ▲427%
Equity rises from €22k to €117k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merchtem · 1 establishment unit since 2022
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.
Kleistraat 681785 MerchtemGround area
476 m²
Parcel 23012C0265/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
VMB LEBF
since 20222.336.547.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012C0265/00A000 | Flanders | 476 m² | - | - |
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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M&A Bouwcoördinatie
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-08-2022
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.