VMV-VASTGOED
ActiveVMV-VASTGOED has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €338k and a net result of €835k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+14
Solvency46▼-35
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 6.57 in 2024; short-term debt: 45.1% and cash: 9.8% of total assets), and 78.9% 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
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
21.1%
Return on assets
52.2%
Age of the figures
9 mo
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 30-04-2026, 92 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
92 d early
2024
27 d late
2023
30 d late
2022
6 d early
2021
62 d early
2020
18 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€338k▼ 62.3%
2024 · €896k
2020: €275k
2021: €579k
2022: €889k
2023: €789k
2024: €896k
2020 → 2025
Total assets
€1.60M▲ 0.1%
2024 · €1.60M
2020: €638k
2021: €887k
2022: €1.33M
2023: €2.28M
2024: €1.60M
2020 → 2025
Net result
€835k▲ 272%
2024 · €225k
2020: €273k
2021: €304k
2022: €310k
2023: €323k
2024: €225k
2020 → 2025
Working capital
€174k▼ 76.3%
2024 · €733k
2020: €264k
2021: €566k
2022: €835k
2023: €623k
2024: €733k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€579k-€889k▲ 53.4%€789k▼ 11.3%€896k▲ 13.6%€338k▼ 62.3%
Operating result€401k-€410k▲ 2.2%€443k▲ 8.2%€311k▼ 29.8%€1.14M▲ 266%
Net result€304k-€310k▲ 1.8%€323k▲ 4.3%€225k▼ 30.5%€835k▲ 272%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 266% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€704k▼ 4.0%
Current assets
€895k▲ 3.6%
Equity and liabilities €1.60M
Equity
€338k▼ 62.3%
Debt
€1.26M▲ 79.7%
The debt ratio rises from 43.9% to 78.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.20M▲
2024 · €364k
Cash flow
€892k▲
2024 · €278k
Solvency
21.1%▼
2024 · 56.1%
Current ratio
1.24▼
2024 · 6.57
Quick ratio
1.24▼
2024 · 6.57
Debt / equity
3.74▲
2024 · 0.78
ROE
247.3%▲
2024 · 25.1%
ROA
52.2%▲
2024 · 14.1%
Interest coverage
46.52▲
2024 · 13.70
Debt
€1.26M▲
2024 · €702k
Debt ≤ 1 year
€722k▲
2024 · €132k
Debt > 1 year
€540k▼
2024 · €570k
Income taxes
€293k▲
2024 · €77k
Staff costs
€190k▲
2024 · €140k
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€1.60M€1.60M▲
Fixed assets21/28€733k€704k▼
Tangible fixed assets22/27€733k€704k▼
Land and buildings22€707k€674k▼
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€12k€19k▲
Current assets29/58€864k€895k▲
Amounts receivable after more than one year29€484k€585k▲
Other amounts receivable291€484k€585k▲
Amounts receivable within one year40/41€99k€116k▲
Trade receivables40€69k€94k▲
Other amounts receivable41€30k€23k▼
Cash at bank and in hand54/58€258k€157k▼
Deferred charges and accrued income490/1€23k€37k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.60M▲
Equity10/15€896k€338k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€893k€335k▼
Amounts payable17/49€702k€1.26M▲
Amounts payable after more than one year17€570k€540k▼
Financial debts170/4€570k€540k▼
Amounts payable within one year42/48€132k€722k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Trade debts44€52k€49k▼
Suppliers440/4€52k€49k▼
Advances received on contracts in progress46€894€0▼
Taxes, remuneration and social security45€49k€132k▲
Taxes450/3€24k€110k▲
Remuneration and social security454/9€25k€22k▼
Other amounts payable47/48€0€510k▲
Income statement
Code20242025
Remuneration, social security and pensions62€140k€190k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€57k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€512k€1.39M▲
Operating profit (loss)9901€311k€1.14M▲
Financial income75/76B€17k€15k▼
Recurring financial income75€17k€15k▼
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€302k€1.13M▲
Income taxes67/77€77k€293k▲
Profit (loss) for the period9904€225k€835k▲
Profit (loss) for the period to be appropriated9905€225k€835k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.01M€1.73M▲
Profit (loss) brought forward from the previous period14P€786k€893k▲
Profit to be distributed694/7€118k€1.39M▲
Return on contributions (dividend)694€118k€1.39M▲
Social balance
Average headcount (FTE)90873.44.5▲
The notes to these accounts (16 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €835k ▲272%
Operating result €1.14M, net result €835k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €225k ▼30.5%
Net result drops to €225k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 6.57
Current ratio from 1.64 to 6.57; short-term debt falls from €976k to €132k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 5.43
Current ratio from 2.52 to 5.43; short-term debt falls from €174k to €128k.
31-12
Financial
Equity above €500kEq €579k ▲110%
2 profitable years in a row build equity to €579k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
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, Londerzeel · 3 establishment units since 2019
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.
Kerkhofstraat 90A1840 LonderzeelGround area
1,298 m²
Building footprint
468 m²
Volume, LiDAR
2,411 m³
3 parcels, Brussels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Kerkhofstraat 90A, 1840 Londerzeel
since 20192.292.837.597
Schoolstraat 51, 1880 Kapelle-op-den-Bos
since 20212.321.266.715
Zeypstraat 17, 1083 Ganshoren
since 20242.361.553.882
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045D0391/00T004 | Flanders | 807 m² | 1 · 90 m² | - |
| 21008A0146/00S002 | Brussels | 297 m² | 1 · 300 m² | 12.2 m · 2 fl. |
| 23039A0371/00Y002 | Flanders | 195 m² | 1 · 77 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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 · 57 EUR awarded · 57 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 57 EUR | 57 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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IMMO SPINNOY
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,893 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2019
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.