VMB Tes
ActiveSummary
VMB Tes has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €146k. Equity is shrinking by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+24
Solvency39▲+13
Growth58=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.01 in 2024; short-term debt: 85.7% and cash: 45.1% of total assets), and 85.7% 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+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 →
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
14.3%
Return on assets
9.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €227k
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 · 5 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 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
€146k
2024 · €-2k
2021: €-4k
2022: €-95k
2023: €-65k
2024: €-2k
2021 → 2025
Working capital
€227k▲ 180%
2024 · €81k
2021: €242k
2022: €165k
2023: €83k
2024: €81k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€242k-€147k▼ 39.2%€83k▼ 43.8%€81k▼ 2.1%€227k▲ 180%
Operating result€-4k-€-5k▼ 31.8%€-254▲ 95.2%€-5k▼ 2,057%€139k
Net result€-4k-€-95k▼ 2,245%€-65k▲ 31.9%€-2k▲ 97.4%€146k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €139k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.59M
Equity
€227k ▲ 180%
Debt
€1.36M ▼ 88.2%
Debt's share of the balance-sheet total falls from 99.3% to 85.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.17▲
2024 · 1.01
Quick ratio
0.61▲
2024 · 0.07
Debt to equity
5.99
ROE
64.3%▲
2024 · -2.1%
ROA
9.2%▲
2024 · 0.0%
Debt ≤ 1 year
€1.36M▼
2024 · €11.54M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.62M€1.59M▼
Current assets29/58€11.62M€1.59M▼
Stocks and contracts in progress3€10.77M€752k▼
Stocks30/36€10.77M€752k▼
Amounts receivable within one year40/41€384k€118k▼
Trade receivables40€287k€19k▼
Other amounts receivable41€97k€99k▲
Cash at bank and in hand54/58€466k€715k▲
Equity and liabilities
Total equity and liabilities10/49€11.62M€1.59M▼
Equity10/15€81k€227k▲
Contributions10/11€246k€246k=
Capital10€246k€246k=
Issued capital100€246k€246k=
Profit (loss) carried forward14€-165k€-19k▲
Amounts payable17/49€11.54M€1.36M▼
Amounts payable within one year42/48€11.54M€1.36M▼
Financial debts43€1.36M€0▼
Credit institutions430/8€1.36M€0▼
Trade debts44€432k€52k▼
Suppliers440/4€432k€52k▼
Advances received on contracts in progress46€8.49M€0▼
Taxes, remuneration and social security45€29k€15k▼
Taxes450/3€29k€15k▼
Other amounts payable47/48€1.22M€1.29M▲
Income statement
Code20242025
Other operating charges640/8€968€998▲
Gross operating margin9900€-5k€140k▲
Operating profit (loss)9901€-5k€139k▲
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-2k€146k▲
Profit (loss) for the period9904€-2k€146k▲
Profit (loss) for the period to be appropriated9905€-2k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-165k€-19k▲
Profit (loss) brought forward from the previous period14P€-163k€-165k▼
The notes to these accounts (3 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
31-12
Financial
Back to profitnet €146k
Net result €146k after 4 loss-making years.
31-12
Financial
Equity above €200kEq €227k ▲180%
Equity rises from €81k to €227k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 2021
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 Tes
since 20212.316.234.789
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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Nieuwe Immobiliënmaatschappij voor Brussel en Omgeving - Nouvelle Societé Immobilière de Bruxelles et Environs
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,288 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.