VOS
ActiveSummary
VOS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.41M) and a net result of €-2.45M. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 6% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-36
Solvency0▼-46
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.77 in 2024; short-term debt: 164.1% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-67.7%
Return on assets
-118.2%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-1.41M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
48 d early
2022
35 d early
2021
3 d early
2020
11 d early
2019
24 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1.41M
2024 · €1.05M
2019: €808k
2020: €814k▲ +0.8% vs 2019
2021: €759k▼ -6.7% vs 2020
2022: €741k▼ -2.4% vs 2021
2023: €918k▲ +23.8% vs 2022
2024: €1.05M▲ +14.1% vs 2023highest in 7 years
2025: €-1.41M▼ -234% vs 2024lowest in 7 years
2019 → 2025
Total assets
€2.08M▼ 59.0%
2024 · €5.06M
2019: €4.30M
2020: €4.36M▲ +1.5% vs 2019
2021: €4.28M▼ -1.9% vs 2020
2022: €4.37M▲ +2.3% vs 2021
2023: €4.89M▲ +11.8% vs 2022
2024: €5.06M▲ +3.5% vs 2023highest in 7 years
2025: €2.08M▼ -59.0% vs 2024lowest in 7 years
2019 → 2025
Net result
€-2.45M
2024 · €130k
2019: €3k
2020: €6k▲ +84.6% vs 2019
2021: €-55k▼ -980% vs 2020
2022: €-18k▲ +66.5% vs 2021
2023: €177k▲ +1064% vs 2022highest in 7 years
2024: €130k▼ -26.7% vs 2023
2025: €-2.45M▼ -1993% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-3.29M▼ 264%
2024 · €-904k
2019: €-841khighest in 7 years
2020: €-892k▼ -6.1% vs 2019
2021: €-1.00M▼ -12.4% vs 2020
2022: €-1.07M▼ -6.5% vs 2021
2023: €-949k▲ +11.1% vs 2022
2024: €-904k▲ +4.8% vs 2023
2025: €-3.29M▼ -264% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€759k-€741k▼ 2.4%€918k▲ 23.8%€1.05M▲ 14.1%€-1.41M
2021: €759k
2022: €741k▼ -2.4% vs 2021
2023: €918k▲ +23.8% vs 2022
2024: €1.05M▲ +14.1% vs 2023highest in 5 years
2025: €-1.41M▼ -234% vs 2024lowest in 5 years
Operating result€-11k-€34k€281k▲ 722%€246k▼ 12.4%€-2.32M
2021: €-11k
2022: €34k▲ +399% vs 2021
2023: €281k▲ +722% vs 2022highest in 5 years
2024: €246k▼ -12.4% vs 2023
2025: €-2.32M▼ -1045% vs 2024lowest in 5 years
Net result€-55k-€-18k▲ 66.5%€177k€130k▼ 26.7%€-2.45M
2021: €-55k
2022: €-18k▲ +66.5% vs 2021
2023: €177k▲ +1064% vs 2022highest in 5 years
2024: €130k▼ -26.7% vs 2023
2025: €-2.45M▼ -1993% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €2.32M after €246k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.08M
Fixed assets
€1.96M ▼ 4.2%
Current assets
€120k ▼ 96.0%
Key figures and ratios
EBITDA
€-2.24M▼
2024 · €333k
Cash flow
€-2.37M▼
2024 · €216k
Solvency
-67.7%▼
2024 · 20.7%
Current ratio
0.04▼
2024 · 0.77
Debt to equity
-2.48▼
2024 · 3.83
ROA
-118.2%▼
2024 · 2.6%
Interest coverage
-16.97▼
2024 · 1.69
Debt
€3.48M▼
2024 · €4.01M
Debt ≤ 1 year
€3.41M▼
2024 · €3.92M
Debt > 1 year
€48k▼
2024 · €91k
Income taxes
€-4▼
2024 · €41k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.06M€2.08M▼
Fixed assets21/28€2.04M€1.96M▼
Tangible fixed assets22/27€2.04M€1.96M▼
Land and buildings22€1.37M€1.29M▼
Other tangible fixed assets26€670k€670k=
Current assets29/58€3.02M€120k▼
Amounts receivable within one year40/41€2.98M€119k▼
Trade receivables40€367k€53k▼
Other amounts receivable41€2.62M€66k▼
Cash at bank and in hand54/58€13k€1k▼
Deferred charges and accrued income490/1€21k-
Equity and liabilities
Total equity and liabilities10/49€5.06M€2.08M▼
Equity10/15€1.05M€-1.41M▼
Contributions10/11€58k€58k=
Reserves13€673k€6k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€667k-
Profit (loss) carried forward14€316k€-1.47M▼
Amounts payable17/49€4.01M€3.48M▼
Amounts payable after more than one year17€91k€48k▼
Financial debts170/4€91k€48k▼
Amounts payable within one year42/48€3.92M€3.41M▼
Current portion of amounts payable after more than one year42€152k€45k▼
Trade debts44€2k€383▼
Suppliers440/4€2k€383▼
Taxes, remuneration and social security45€46k€120▼
Taxes450/3€46k€120▼
Other amounts payable47/48€3.72M€3.36M▼
Accrued charges and deferred income492/3-€26k
Income statement
Code20242025
Non-recurring operating income76A€16k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€87k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k€-117k▼
Other operating charges640/8€22k€47k▲
Non-recurring operating charges66A-€2.60M
Gross operating margin9900€352k€294k▼
Operating profit (loss)9901€246k€-2.32M▼
Financial income75/76B€121k€4k▼
Recurring financial income75€121k€4k▼
Financial charges65/66B€197k€132k▼
Recurring financial charges65€197k€132k▼
Profit (loss) for the period before taxes9903€171k€-2.45M▼
Income taxes67/77€41k€-4▼
Profit (loss) for the period9904€130k€-2.45M▼
Profit (loss) for the period to be appropriated9905€130k€-2.45M▼
Appropriation of the result
Profit (loss) to be appropriated9906€316k€-2.14M▼
Profit (loss) brought forward from the previous period14P€187k€316k▲
Transfer from equity791/2-€667k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92k | €91k | €87k | €87k | €87k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €484 | €9k | €-3k | €-117k | ▼ 4,150% |
| Other operating charges640/8 | - | €12k | €27k | €22k | €47k | ▲ 113% |
| Non-recurring operating charges66A | - | - | - | - | €2.60M | - |
| Gross operating margin9900 | €147k | €137k | €404k | €352k | €294k | ▼ 16.4% |
| Operating profit (loss)9901 | €-11k | €34k | €281k | €246k | €-2.32M | ▼ 1,045% |
| Financial income75/76B | - | €48k | €119k | €121k | €4k | ▼ 97.1% |
| Recurring financial income75 | €28k | €48k | €119k | €121k | €4k | ▼ 97.1% |
| Financial charges65/66B | - | €100k | €203k | €197k | €132k | ▼ 32.9% |
| Recurring financial charges65 | €71k | €100k | €203k | €197k | €132k | ▼ 32.9% |
| Profit (loss) for the period before taxes9903 | €-55k | €-18k | €197k | €171k | €-2.45M | ▼ 1,536% |
| Income taxes67/77 | - | - | €20k | €41k | €-4 | ▼ 100% |
| Profit (loss) for the period9904 | €-55k | €-18k | €177k | €130k | €-2.45M | ▼ 1,993% |
| Profit (loss) for the period to be appropriated9905 | €-55k | €-18k | €177k | €130k | €-2.45M | ▼ 1,993% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.28M | €4.37M | €4.89M | €5.06M | €2.08M | ▼ 59.0% |
| Fixed assets21/28 | €2.31M | €2.22M | €2.13M | €2.04M | €1.96M | ▼ 4.2% |
| Tangible fixed assets22/27 | €2.31M | €2.22M | €2.13M | €2.04M | €1.96M | ▼ 4.2% |
| Land and buildings22 | - | €1.55M | €1.46M | €1.37M | €1.29M | ▼ 6.3% |
| Other tangible fixed assets26 | - | €670k | €670k | €670k | €670k | = |
| Current assets29/58 | €1.97M | €2.16M | €2.76M | €3.02M | €120k | ▼ 96.0% |
| Amounts receivable within one year40/41 | €1.97M | €2.16M | €2.76M | €2.98M | €119k | ▼ 96.0% |
| Trade receivables40 | - | €133k | €450k | €367k | €53k | ▼ 85.5% |
| Other amounts receivable41 | - | €2.02M | €2.31M | €2.62M | €66k | ▼ 97.5% |
| Cash at bank and in hand54/58 | €114 | €138 | €206 | €13k | €1k | ▼ 90.7% |
| Deferred charges and accrued income490/1 | - | - | - | €21k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.28M | €4.37M | €4.89M | €5.06M | €2.08M | ▼ 59.0% |
| Equity10/15 | €759k | €741k | €918k | €1.05M | €-1.41M | ▼ 234% |
| Contributions10/11 | - | €58k | €58k | €58k | €58k | = |
| Reserves13 | €673k | €673k | €673k | €673k | €6k | ▼ 99.1% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €667k | €667k | €667k | - | - |
| Profit (loss) carried forward14 | €28k | €10k | €187k | €316k | €-1.47M | ▼ 565% |
| Amounts payable17/49 | €3.52M | €3.63M | €3.97M | €4.01M | €3.48M | ▼ 13.2% |
| Amounts payable after more than one year17 | €540k | €391k | €241k | €91k | €48k | ▼ 46.8% |
| Financial debts170/4 | - | €391k | €241k | €91k | €48k | ▼ 46.8% |
| Amounts payable within one year42/48 | €2.97M | €3.23M | €3.71M | €3.92M | €3.41M | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €148k | €149k | €152k | €45k | ▼ 70.7% |
| Financial debts43 | - | €650 | €405 | - | - | - |
| Credit institutions430/8 | - | €650 | €405 | - | - | - |
| Trade debts44 | €8k | €723 | €11k | €2k | €383 | ▼ 80.0% |
| Suppliers440/4 | - | €723 | €11k | €2k | €383 | ▼ 80.0% |
| Taxes, remuneration and social security45 | - | €614 | €21k | €46k | €120 | ▼ 99.7% |
| Taxes450/3 | - | €614 | €21k | €46k | €120 | ▼ 99.7% |
| Other amounts payable47/48 | - | €3.08M | €3.53M | €3.72M | €3.36M | ▼ 9.7% |
| Accrued charges and deferred income492/3 | - | €16k | €21k | - | €26k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €-18k | €177k | €130k | €-2.45M | ▼ 1,993% |
| + Depreciation and write-downs630 | €92k | €91k | €87k | €87k | €87k | = |
| Operating cash flow (approximation) | €38k | €73k | €263k | €216k | €-2.37M | ▼ 1,194% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24 | €68 | €13k | €-12k | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Algemene Vergadering - BoekjaarStatutes amendment3 facts ▸
State Gazette act
Algemene Vergadering - Boekjaar
Statutes amendment3 facts ▸
- General meeting, 10 augustus 2026
- Statutes amendment
- Statutes amendment
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-2.45M
Net result drops to €-2.45M, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €1MEq €1.05M ▲14.1%
2 profitable years in a row build equity to €1.05M.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €177k
Net result €177k after 2 loss-making years.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kampenhout · 1 establishment unit since 1999
Ground area
1.4 ha
Building footprint
5,030 m²
Volume, LiDAR
2 m³
Parcel 23038A0437/00A000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
VOS
since 19992.055.790.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038A0437/00A000 | Flanders | 1.4 ha | 1 · 5,030 m² | 0.4 m |
Linked by address, not proof of ownership
Good to know
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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LOODS23
BE 0659.905.153
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ROUPPEPLEIN
BE 0808.064.339
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GROUND INVEST
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-1991
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.