Vreno
ActiveVreno has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €266k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+51
Solvency27▲+12
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.58 in 2024; short-term debt: 65.5% and cash: 0.1% of total assets), and 97.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.3%
Return on assets
8.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9150 sector peers (2025).
NBB · sector comparisonPosition among 9150 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
65 d early
2024
31 d early
2023
33 d early
2022
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€69k
2024 · €-197k
2022: €-16k
2023: €-48k
2024: €-197k
2022 → 2025
Total assets
€3.05M▲ 57.7%
2024 · €1.93M
2022: €264k
2023: €394k
2024: €1.93M
2022 → 2025
Net result
€266k
2024 · €-150k
2022: €-21k
2023: €-31k
2024: €-150k
2022 → 2025
Working capital
€-616k▼ 0.5%
2024 · €-613k
2022: €-88k
2023: €-23k
2024: €-613k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-16k-€-48k▼ 191%€-197k▼ 313%€69k
Operating result€-21k-€-12k▲ 42.8%€-91k▼ 673%€423k
Net result€-21k-€-31k▼ 46.5%€-150k▼ 377%€266k
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 returns to profit in 2025: €423k after a loss of €91k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.05M
Fixed assets
€1.67M▲ 54.4%
Current assets
€1.38M▲ 61.8%
Equity and liabilities €3.05M
Equity
€69k
Debt
€2.98M
Debt finances 97.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€434k▲
2024 · €-87k
Cash flow
€277k▲
2024 · €-145k
Solvency
2.3%▲
2024 · -10.2%
Current ratio
0.69▲
2024 · 0.58
Quick ratio
0.00▼
2024 · 0.15
Debt / equity
43.23▲
2024 · -10.81
ROE
386.0%
ROA
8.7%▲
2024 · -7.7%
Interest coverage
3.60▲
2024 · -1.48
Debt
€2.98M▲
2024 · €2.13M
Debt ≤ 1 year
€2.00M▲
2024 · €1.47M
Debt > 1 year
€985k▲
2024 · €665k
Income taxes
€36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.93M€3.05M▲
Fixed assets21/28€1.08M€1.67M▲
Tangible fixed assets22/27€1.08M€1.67M▲
Land and buildings22€1.07M€1.66M▲
Furniture and vehicles24€8k€6k▼
Current assets29/58€853k€1.38M▲
Stocks and contracts in progress3€637k€1.38M▲
Stocks30/36€637k€1.38M▲
Cash at bank and in hand54/58€216k€2k▼
Deferred charges and accrued income490/1€251€492▲
Equity and liabilities
Total equity and liabilities10/49€1.93M€3.05M▲
Equity10/15€-197k€69k▲
Contributions10/11€5k€5k=
Reserves13-€64k
Distributable reserves133-€64k
Profit (loss) carried forward14€-202k€0▲
Amounts payable17/49€2.13M€2.98M▲
Amounts payable after more than one year17€665k€985k▲
Financial debts170/4€665k€985k▲
Amounts payable within one year42/48€1.47M€2.00M▲
Current portion of amounts payable after more than one year42€4k€36k▲
Financial debts43€788k€810k▲
Credit institutions430/8€788k€810k▲
Trade debts44€10k€97k▲
Suppliers440/4€10k€97k▲
Advances received on contracts in progress46-€235k
Taxes, remuneration and social security45€26k€51k▲
Taxes450/3€8k€51k▲
Remuneration and social security454/9€18k€0▼
Other amounts payable47/48€638k€768k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€11k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-84k€439k▲
Operating profit (loss)9901€-91k€423k▲
Financial income75/76B€0€189▲
Recurring financial income75€0€189▲
Financial charges65/66B€59k€121k▲
Recurring financial charges65€59k€121k▲
Profit (loss) for the period before taxes9903€-150k€303k▲
Income taxes67/77-€36k
Profit (loss) for the period9904€-150k€266k▲
Profit (loss) for the period to be appropriated9905€-150k€266k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-202k€64k▲
Profit (loss) brought forward from the previous period14P€-53k€-202k▼
Transfer to equity691/2-€64k
To other reserves6921-€64k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
State Gazette act
Registered officeGeneral meeting · Registered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move · Power of attorney3 facts ▸
- General meeting, 2026-07-23
- Registered-office move, Scheldekaai 18, 9230 Wetteren
- Power of attorney, VM Consult
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €266k
Net result €266k after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-150k
Net result drops to €-150k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wetteren · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scheldekaai 189230 WetterenGround area
52 m²
Building footprint
50 m²
Parcel 42302E0269/00D003, Flanders. Linked by address, not a title deed.
1 establishment unit
Vreno
since 20212.314.319.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0269/00D003 | Flanders | 52 m² | 1 · 50 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,906 EUR awarded · 4,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,840 EUR | 4,840 EUR |
| 2023 | 1 | 66 EUR | 66 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 5,189 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.