Vova Projects
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-01-2026 PDF all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is a profit of €84,612, after a loss of €5,139 in 2024. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €2,308 | - | - | - | - |
| Other operating charges640/8 | €450 | €827 | €1,275 | €507 | ▼ 60.2% |
| Gross operating margin9900 | -€2,308 | €40,166 | -€3,864 | €85,120 | - |
| Operating profit (loss)9901 | -€2,758 | €39,339 | -€5,139 | €84,612 | - |
| Financial charges65/66B | €113 | €140 | €8,063 | €5,306 | ▼ 34.2% |
| Recurring financial charges65 | €113 | €140 | €8,063 | €5,306 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | -€2,871 | €39,199 | -€13,202 | €79,307 | - |
| Income taxes67/77 | - | €7,266 | - | €18,014 | - |
| Profit (loss) for the period9904 | -€2,871 | €31,933 | -€13,202 | €61,293 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,871 | €31,933 | -€13,202 | €61,293 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €251,250 | €639,319 | €597,389 | €470,167 | ▼ 21.3% |
| Current assets29/58 | €251,250 | €639,319 | €597,389 | €470,167 | ▼ 21.3% |
| Stocks and contracts in progress3 | €231,832 | €337,911 | €586,502 | €137,045 | ▼ 76.6% |
| Stocks30/36 | - | €337,911 | €586,502 | €137,045 | ▼ 76.6% |
| Contracts in progress37 | €231,832 | - | - | - | - |
| Amounts receivable within one year40/41 | - | €7,234 | - | €324,566 | - |
| Other amounts receivable41 | - | €7,234 | - | €324,566 | - |
| Cash at bank and in hand54/58 | €19,418 | €294,174 | €10,887 | €8,556 | ▼ 21.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €251,250 | €639,319 | €597,389 | €470,167 | ▼ 21.3% |
| Equity10/15 | €22,129 | €54,062 | €40,861 | €102,154 | ▲ 150% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | €29,062 | €15,861 | €77,154 | ▲ 386% |
| Distributable reserves133 | - | €29,062 | €15,861 | €77,154 | ▲ 386% |
| Profit (loss) carried forward14 | -€2,871 | - | - | - | - |
| Amounts payable17/49 | €229,121 | €585,257 | €556,529 | €368,014 | ▼ 33.9% |
| Amounts payable within one year42/48 | €229,121 | €585,257 | €556,529 | €368,014 | ▼ 33.9% |
| Financial debts43 | - | - | €189,000 | - | - |
| Credit institutions430/8 | - | - | €189,000 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €18,014 | - |
| Taxes450/3 | - | - | - | €18,014 | - |
| Other amounts payable47/48 | €229,121 | €585,257 | €367,529 | €350,000 | ▼ 4.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,871 | €31,933 | -€13,202 | €61,293 | - |
| Operating cash flow (approximation) | -€2,871 | €31,933 | -€13,202 | €61,293 | - |
| Change in cash | - | €274,756 | -€283,287 | -€2,331 | ▲ 99.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,684 companies had the same profile as Vova Projects has now. Two years later, 1.3% had gone bankrupt and 97.3% were still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Vova Projects itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for Vova Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.