VN PROJECTS
The computed 12-month bankruptcy probability of VN PROJECTS is 2.8% (moderate). The 2025 annual accounts show negative equity (€-37k) and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 12499 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-37k |
| Net result | €-26k |
| Better than sector | 6% |
| Active | 21 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -223.1% | 30.5% | |
| Net result | €-26k | €5k | |
| Equity | €-37k | €30k | |
| Gross operating margin | €-15k | €62k | |
| Total assets | €16k | €116k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-16k | €-5k | €8k | €9k |
| Net profit | €-26k | €-13k | €2k | €6k |
| Cash flow | €-18k | €-5k | €8k | €9k |
| Staff costs | - | - | - | €0 |
| Income taxes | - | - | - | €222 |
| Dividends | - | - | - | - |
| Total assets | €16k | €19k | €10k | €17k |
| Equity | €-37k | €-11k | €2k | €81 |
| Debt | €53k | €30k | €8k | €17k |
| of which ≤ 1y | €43k | €30k | €8k | €17k |
| of which > 1y | €10k | - | - | - |
| Working capital | €-35k | €-27k | €-7k | €-9k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.18 | 0.10 | 0.10 | 0.48 |
| Quick ratio | 0.18 | 0.10 | 0.10 | 0.48 |
| Working capital ratio | -213.3% | -142.2% | -71.7% | -51.4% |
| Solvency | -223.1% | -57.6% | 20.7% | 0.5% |
| Debt / equity | -1.45 | -2.74 | 3.82 | 209.22 |
| Long-term debt ratio | -0.28 | - | - | - |
| Interest coverage | -11.67 | -38.09 | 118.84 | 75.02 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -156.1% | -68.4% | 19.9% | 32.9% |
| ROE | 70.0% | 118.8% | 96.0% | 6914.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €16k | €19k | €10k | €17k |
| Fixed assets | 21/28 | €9k | €16k | €9k | €9k |
| Tangible fixed assets | 22/27 | €9k | €16k | €9k | €9k |
| Current assets | 29/58 | €8k | €3k | €755 | €8k |
| Amounts receivable within one year | 40/41 | €7k | €3k | €726 | €6k |
| Cash & bank | 54/58 | €5 | €157 | - | €2k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €16k | €19k | €10k | €17k |
| Equity | 10/15 | €-37k | €-11k | €2k | €81 |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €-55k | €-30k | €-17k | €-19k |
| Amounts payable | 17/49 | €53k | €30k | €8k | €17k |
| Amounts payable after one year | 17 | €10k | - | - | - |
| Amounts payable within one year | 42/48 | €43k | €30k | €8k | €17k |
| Trade debts payable within one year | 44 | €18k | €10k | €2k | €4k |
| Income statement | |||||
| Gross operating margin | 9900 | €-15k | €-3k | €10k | €11k |
| Operating result | 9901 | €-24k | €-13k | €2k | €6k |
| Financial income | 75 | €2 | - | - | €0 |
| Financial charges | 65 | €1k | €133 | €69 | €121 |
| Result before taxes | 9903 | €-26k | €-13k | €2k | €6k |
| Income taxes | 67/77 | - | - | - | €222 |
| Net result for the period | 9904 | €-26k | €-13k | €2k | €6k |
| Result to be appropriated | 9905 | €-26k | €-13k | €2k | €6k |
-
Van Nuffel PascalNon-statutory directorState Gazette act 23475476 (27-12-2023)Current27-12-2023 → present
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 14-07-2005 |
| Status | Active |
| Postal code | 2960 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0014/00P005 | Flanders | 926 m² | 1 · 102 m² | 7.2 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-12-2023 Van Nuffel Pascal appointed as non-statutory director
- Van Nuffel Pascal, Niet-statutair bestuurder
Technical details
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"Een gelijkvormig afschrift van het proces-verbaal van buitengewone algemene vergadering de dato 18 december 2023.",
"Geco\u00F6rdineerde statuten."
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"corrected_publication_numac": null
}| Legal nameNL | VN PROJECTS |