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.
Companies with the same profile, two years later
Historical observationIn 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 497,445 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.
| 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.