VS Renovations
ActiveVS Renovations has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €89k and a net result of €24k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+10
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.25 against 3.22 in 2023; short-term debt: 10.9% and cash: 45.1% of total assets), and 23.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-05-2025, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d early
2023
56 d early
2022
32 d late
2021
23 d late
2020
80 d early
2019
51 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€89k▲ 16.3%
2023 · €77k
2018: €34k
2019: €31k
2020: €41k
2021: €54k
2022: €62k
2023: €77k
2018 → 2024
Total assets
€116k▼ 5.1%
2023 · €123k
2018: €36k
2019: €41k
2020: €48k
2021: €82k
2022: €117k
2023: €123k
2018 → 2024
Net result
€24k▲ 50.7%
2023 · €16k
2018: €5k
2019: €420
2020: €11k
2021: €15k
2022: €10k
2023: €16k
2018 → 2024
Working capital
€67k▲ 38.6%
2023 · €48k
2018: €33k
2019: €31k
2020: €39k
2021: €51k
2022: €37k
2023: €48k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€54k▲ 32.9%€62k▲ 15.5%€77k▲ 23.2%€89k▲ 16.3%
Operating result€15k-€20k▲ 38.3%€12k▼ 41.1%€23k▲ 96.6%€35k▲ 48.6%
Net result€11k-€15k▲ 30.3%€10k▼ 33.2%€16k▲ 61.3%€24k▲ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 49% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€37k▼ 30.0%
Current assets
€79k▲ 13.8%
Equity and liabilities €116k
Equity
€89k▲ 16.3%
Debt
€27k▼ 41.0%
The debt ratio falls from 37.5% to 23.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▲
2023 · €40k
Cash flow
€42k▲
2023 · €33k
Solvency
76.7%▲
2023 · 62.5%
Current ratio
6.25▲
2023 · 3.22
Quick ratio
5.97▲
2023 · 3.07
Debt / equity
0.30▼
2023 · 0.60
ROE
27.2%▲
2023 · 21.0%
ROA
20.8%▲
2023 · 13.1%
Interest coverage
38.59▲
2023 · 30.09
Debt
€27k▼
2023 · €46k
Debt ≤ 1 year
€13k▼
2023 · €22k
Debt > 1 year
€14k▼
2023 · €24k
Income taxes
€10k▲
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€123k€116k▼
Fixed assets21/28€53k€37k▼
Tangible fixed assets22/27€53k€37k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€20k€12k▼
Leasing and similar rights25€27k€20k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€70k€79k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€15k€20k▲
Trade receivables40€5k€13k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€48k€52k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€123k€116k▼
Equity10/15€77k€89k▲
Contributions10/11€19k€19k=
Reserves13€58k€71k▲
Distributable reserves133€58k€71k▲
Profit (loss) carried forward14€360€0▼
Amounts payable17/49€46k€27k▼
Amounts payable after more than one year17€24k€14k▼
Financial debts170/4€24k€14k▼
Amounts payable within one year42/48€22k€13k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43-€642
Other loans439-€642
Trade debts44€6k€0▼
Suppliers440/4€6k€0▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3-€3k
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€6k€426▼
Accrued charges and deferred income492/3€324€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€748€839▲
Gross operating margin9900€41k€53k▲
Operating profit (loss)9901€23k€35k▲
Financial income75/76B€106€260▲
Recurring financial income75€106€260▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€22k€34k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€16k€24k▲
Profit (loss) for the period to be appropriated9905€16k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€25k▲
Profit (loss) brought forward from the previous period14P€355€360▲
Transfer from equity791/2-€12k
Transfer to equity691/2€14k€25k▲
To other reserves6921€14k€25k▲
Profit to be distributed694/7€2k€12k▲
Return on contributions (dividend)694€2k€12k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24k ▲50.7%
Operating result €35k, net result €24k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €420 ▼92.1%
Net result drops to €420, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2013
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.
Kerkhofstraat 672960 BrechtGround area
641 m²
Building footprint
107 m²
Volume, LiDAR
589 m³
Parcel 11042A0192/00G005, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VS Renovations
since 20132.218.431.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0192/00G005 | Flanders | 641 m² | 1 · 107 m² | 9.1 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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CMA COMMUNICATION
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,820 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.