Vos Projects
Open bankruptcyFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 18-12-2025 PDF all 8 filings
Equity
-€22,177
2024 · €29,608
Total assets
€958,692▼ 0.4%
2024 · €962,613
Net result
-€51,785▼ 123%
2024 · -€23,225
Working capital
€677,041▼ 7.1%
2024 · €728,826
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€37,074
2025
20192025
Net result
-€51,785
▼ 123%
2025
lowest quarter of the sector
20192025
Equity
-€22,177
2025
lowest quarter of the sector
20192025
Total assets
€958,692
▼ 0.4%
2025
middle half of the sector
20192025
Debt
€980,869
▲ 5.1%
2025
20192025
Working capital
€677,041
▼ 7.1%
2025
highest quarter of the sector
20192025
Solvency
-2.3%
▼ 5.4pp
2025
lowest quarter of the sector
20192025
Current ratio
3.40
▼ 0.71
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-5.4%
▼ 3.0pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.002m-€0.001m€0.03m▲ 41×€0.09m▲ 236%€0.2m▲ 64.7%€0.03m▼ 83.3%-€0.04m
Net result-€0.002m-€0.001mwithin the sector's middle half€0.001mwithin the sector's middle half▼ 14.8%€0.06mabove the sector's middle half▲ 97×€0.03mwithin the sector's middle half▼ 52.4%-€0.02mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 123%
Equity€0.003m-€0.004mbelow the sector's middle half▲ 21.5%€0.005mbelow the sector's middle half▲ 15.1%€0.06mwithin the sector's middle half▲ 14×€0.05mwithin the sector's middle half▼ 12.8%€0.03mwithin the sector's middle half▼ 45.0%-€0.02mbelow the sector's middle half
Total assets€0.4m-€0.6mwithin the sector's middle half▲ 32.3%€1.1mwithin the sector's middle half▲ 86.4%€1.0mwithin the sector's middle half▼ 10.9%€0.9mwithin the sector's middle half▼ 5.9%€1.0mwithin the sector's middle half▲ 6.9%€1.0mwithin the sector's middle half▼ 0.4%
Debt€0.4m-€0.6m▲ 32.4%€1.1m▲ 86.9%€0.9m▼ 16.3%€0.8m▼ 5.4%€0.9m▲ 10.2%€1.0m▲ 5.1%
Working capital€0.003m-€0.004mwithin the sector's middle half▲ 35.1%€0.005mwithin the sector's middle half▲ 15.1%€0.06mwithin the sector's middle half▲ 14×€0.1mabove the sector's middle half▲ 106%€0.7mabove the sector's middle half▲ 475%€0.7mabove the sector's middle half▼ 7.1%
Solvency0.7%-0.7%below the sector's middle half▼ 0.1pp0.4%below the sector's middle half▼ 0.3pp6.4%within the sector's middle half▲ 6.0pp6.0%within the sector's middle half▼ 0.5pp3.1%below the sector's middle half▼ 2.9pp-2.3%below the sector's middle half▼ 5.4pp
Current ratio1.01-1.01within the sector's middle half=1.00within the sector's middle half=1.07within the sector's middle half▲ 0.061.16within the sector's middle half▲ 0.104.12above the sector's middle half▲ 2.953.40above the sector's middle half▼ 0.71
Return on assets (ROA)-0.6%-0.1%within the sector's middle half▲ 0.7pp0.1%within the sector's middle half▼ 0.1pp6.0%within the sector's middle half▲ 5.9pp3.0%within the sector's middle half▼ 3.0pp-2.4%within the sector's middle half▼ 5.4pp-5.4%below the sector's middle half▼ 3.0pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €37,074, after a profit of €25,986 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€281,651▲
2024 · €233,787
Debt > 1 year
€597,094=
2024 · €597,094
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €53,098 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €324 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | €473 | €2,269 | ▲ 380% |
| Non-recurring operating charges66A | - | - | - | - | - | €21,395 | - | - |
| Gross operating margin9900 | -€2,411 | €1,015 | €28,170 | €94,680 | €155,982 | €47,854 | -€34,805 | - |
| Operating profit (loss)9901 | -€2,411 | €691 | €28,170 | €94,680 | €155,982 | €25,986 | -€37,074 | - |
| Financial charges65/66B | - | - | €27,581 | €28,865 | €119,722 | €35,868 | €14,711 | ▼ 59.0% |
| Recurring financial charges65 | - | - | €27,581 | €28,865 | €119,722 | €35,868 | €10,574 | ▼ 70.5% |
| Non-recurring financial charges66B | - | - | €27,581 | €28,865 | €119,722 | - | €4,137 | - |
| Profit (loss) for the period before taxes9903 | -€2,411 | €691 | €589 | €65,815 | €36,260 | -€9,882 | -€51,785 | ▼ 424% |
| Income taxes67/77 | - | - | - | €8,628 | €9,065 | €13,343 | - | - |
| Profit (loss) for the period9904 | -€2,411 | €691 | €589 | €57,187 | €27,195 | -€23,225 | -€51,785 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | -€2,411 | €691 | €589 | €57,187 | €27,195 | -€23,225 | -€51,785 | ▼ 123% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.4m | €0.6m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | ▼ 0.4% |
| Formation expenses20 | €325 | - | - | - | - | - | - | - |
| Current assets29/58 | €0.4m | €0.6m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | ▼ 0.4% |
| Amounts receivable after more than one year29 | - | - | €0.3m | - | - | - | - | - |
| Trade receivables290 | - | - | €0.3m | - | - | - | - | - |
| Stocks and contracts in progress3 | €0.04m | €0.3m | €0.7m | €0.3m | €0.3m | €0.3m | - | - |
| Stocks30/36 | - | - | €0.7m | €0.3m | €0.3m | €0.3m | - | - |
| Amounts receivable within one year40/41 | €0.009m | €0.02m | €0.1m | €0.6m | €0.6m | €0.6m | €1.0m | ▲ 48.8% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.006m | €0.002m | ▼ 61.9% |
| Other amounts receivable41 | - | - | €0.1m | €0.4m | €0.4m | €0.6m | €1.0m | ▲ 49.9% |
| Current investments50/53 | €0.1m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.003m | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.4m | €0.6m | €1.1m | €1.0m | €0.9m | €1.0m | €1.0m | ▼ 0.4% |
| Equity10/15 | €0.003m | €0.004m | €0.005m | €0.06m | €0.05m | €0.03m | -€0.02m | - |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Issued capital100 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Uncalled capital101 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.003m | -€0.002m | -€0.002m | €0.06m | €0.05m | €0.02m | -€0.03m | - |
| Amounts payable17/49 | €0.4m | €0.6m | €1.1m | €0.9m | €0.8m | €0.9m | €1.0m | ▲ 5.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.6m | €0.6m | = |
| Financial debts170/4 | - | - | - | - | - | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.4m | €0.6m | €1.1m | €0.9m | €0.8m | €0.2m | €0.3m | ▲ 20.5% |
| Financial debts43 | - | - | €0.5m | €0.003m | €166 | €0.002m | €114 | ▼ 93.5% |
| Credit institutions430/8 | - | - | €0.5m | €0.003m | €166 | €0.002m | €114 | ▼ 93.5% |
| Trade debts44 | - | - | - | €0.07m | €0.09m | €0.09m | €0.1m | ▲ 24.1% |
| Suppliers440/4 | - | - | - | €0.07m | €0.09m | €0.09m | €0.1m | ▲ 24.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.09m | €0.05m | €0.05m | ▼ 12.5% |
| Taxes450/3 | - | - | - | €0.03m | €0.09m | €0.05m | €0.05m | ▼ 12.5% |
| Other amounts payable47/48 | - | - | €0.6m | €0.8m | €0.6m | €0.09m | €0.1m | ▲ 38.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.07m | €0.1m | €0.1m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,411 | €691 | €589 | €57,187 | €27,195 | -€23,225 | -€51,785 | ▼ 123% |
| + Depreciation and write-downs630 | - | €324 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,411 | €1,015 | €589 | €57,187 | €27,195 | -€23,225 | -€51,785 | ▼ 123% |
| Change in cash | - | - | - | €7 | -€6 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 18-12-2025 | 2025-00592273 | |
| 30-06-2024 | micro format | 18-12-2025 | 2025-00592279 | |
| 30-06-2023 | micro format | 08-01-2025 | 2025-00002518 | |
| 30-06-2022 | micro format | 20-12-2023 | 2024-00541813 | |
| 30-06-2021 | micro format | 04-05-2023 | 2023-00079175 | |
| 30-06-2020 | micro format | 26-10-2021 | 2021-72900278 | |
| 30-06-2019 | micro format | 28-08-2020 | 2020-46400307 | |
| 30-06-2018 | abbreviated format | 14-03-2019 | 2019-07000279 |