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VMB WES

Active
Public limited companyfounded 20224 years activeKleistraat 68, 1785 Merchtem, BelgiumKBO/BCE: BE 0789.277.914
Summary

VMB WES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€81,697) and a net result of -€8,610. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 5,669 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€771,066total assets 2025
Equity
-€81,697
Loss
-€8,610
Financial health
53 Fair Checked score 2025
Bankruptcy probability, 12 months
0.2%
Structure
Parent
PERTINEA PROPERTY PARTNERS · 100%
Accounts 1 day early0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€81,697+ Size: total assets €771,066+ Sector Real estate activities (NACE 68)+ Figures for FY 2025 (filed 30-07-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 68, micro)
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 14+12
equity -10.6% of total assets
Liquidity 4-4
short-term debt 110.6% · cash 3.0%
Profitability 35+2
return on assets -1.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.5%● unchanged vs 09-2025highest value 11-2025: 0.5%● unchanged vs 10-2025highest value 12-2025: 0.5%● unchanged vs 11-2025highest value 01-2026: 0.4%▼ -0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity short (current ratio 0.9 against 0.81 in 2024; short-term debt: 110.6% and cash: 3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 68, micro): better than 13% on solvency, 7% on liquidity, 30% on profitability and 26% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €771,066
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€81,697
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
KBO
lowers risk · Figures for FY 2025 (filed 30-07-2026)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€81,697
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 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 31 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€81,697 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€8,610 View
  • Caution: Among the weakest 9% on solvencysector median 38.6% · 5,669 companies -10.6% View
  • Controlled by PERTINEA PROPERTY PARTNERS 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€771,066
Loss
-€8,610
Solvency
-10.6%
Total assets▲ 144%
Net result
20222025
Go to Financials

Timeline

Events
4
Since
2023
Next accounts
by 31-07-2027
  1. 31-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
01-08-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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