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.
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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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-1.41M
2024 · €1.05M
Total assets
€2.08M▼ 59.0%
2024 · €5.06M
Net result
€-2.45M
2024 · €130k
Working capital
€-3.29M▼ 264%
2024 · €-904k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-11k€34k€281k▲ 722%€246k▼ 12.4%€-2.32M
Net result€-55k€-18k▲ 66.5%€177k€130k▼ 26.7%€-2.45M
Equity€759k▼ 6.7%€741k▼ 2.4%€918k▲ 23.8%€1.05M▲ 14.1%€-1.41M
Total assets€4.28M▼ 1.9%€4.37M▲ 2.3%€4.89M▲ 11.8%€5.06M▲ 3.5%€2.08M▼ 59.0%
Debt€3.52M▼ 0.8%€3.63M▲ 3.3%€3.97M▲ 9.4%€4.01M▲ 1.0%€3.48M▼ 13.2%
Working capital€-1.00M▼ 12.4%€-1.07M▼ 6.5%€-949k▲ 11.1%€-904k▲ 4.8%€-3.29M▼ 264%
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 ≤ 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.
Annual accounts
| 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.
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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.
Similar companies · same sector, comparable size
FADAN
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CEDCO
BE 0875.891.291
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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. 3,197 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.