VTC-APVC
ActiveVTC-APVC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.62M and a net result of €125k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 19358 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+2
Solvency84▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.72 in 2023; short-term debt: 15.9% and cash: 0.2% of total assets), and 41.1% 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○neutral
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 2024Solvency, return and age of the figures
Solvency
58.9%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
47 d late
2022
92 d late
2021
74 d late
2020
89 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.62M▲ 8.4%
2023 · €1.49M
2018: €921k
2019: €1.07M
2020: €1.24M
2021: €1.36M
2022: €1.41M
2023: €1.49M
2018 → 2024
Total assets
€2.75M▼ 4.9%
2023 · €2.89M
2018: €998k
2019: €1.62M
2020: €2.72M
2021: €2.52M
2022: €2.48M
2023: €2.89M
2018 → 2024
Net result
€125k▲ 49.3%
2023 · €84k
2018: €190k
2019: €152k
2020: €164k
2021: €122k
2022: €48k
2023: €84k
2018 → 2024
Working capital
€-11k▲ 93.5%
2023 · €-175k
2018: €231k
2019: €-127k
2020: €35k
2021: €184k
2022: €265k
2023: €-175k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.24M-€1.36M▲ 9.8%€1.41M▲ 3.5%€1.49M▲ 6.0%€1.62M▲ 8.4%
Operating result€201k-€193k▼ 3.8%€93k▼ 51.8%€158k▲ 69.5%€227k▲ 43.7%
Net result€164k-€122k▼ 25.8%€48k▼ 60.8%€84k▲ 76.1%€125k▲ 49.3%
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 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.75M
Fixed assets
€2.32M▼ 4.8%
Current assets
€426k▼ 5.5%
Equity and liabilities €2.75M
Equity
€1.62M▲ 8.4%
Debt
€1.13M▼ 19.1%
The debt ratio falls from 48.3% to 41.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€343k▲
2023 · €306k
Cash flow
€242k▲
2023 · €232k
Solvency
58.9%▲
2023 · 51.7%
Current ratio
0.97▲
2023 · 0.72
Quick ratio
0.97▲
2023 · 0.72
Debt / equity
0.70▼
2023 · 0.94
ROE
7.8%▲
2023 · 5.6%
ROA
4.6%▲
2023 · 2.9%
Interest coverage
9.05▼
2023 · 10.63
Debt
€1.13M▼
2023 · €1.40M
Debt ≤ 1 year
€438k▼
2023 · €626k
Debt > 1 year
€691k▼
2023 · €769k
Income taxes
€64k▲
2023 · €45k
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€2.89M€2.75M▼
Fixed assets21/28€2.43M€2.32M▼
Tangible fixed assets22/27€2.43M€2.31M▼
Land and buildings22€2.37M€2.27M▼
Furniture and vehicles24€56k€44k▼
Financial fixed assets28€5k€5k=
Current assets29/58€451k€426k▼
Amounts receivable within one year40/41€420k€421k▲
Trade receivables40€387k€240k▼
Other amounts receivable41€33k€181k▲
Cash at bank and in hand54/58€24k€6k▼
Deferred charges and accrued income490/1€7k-
Equity and liabilities
Total equity and liabilities10/49€2.89M€2.75M▼
Equity10/15€1.49M€1.62M▲
Contributions10/11€490k€490k=
Reserves13€956k€1.08M▲
Non-distributable reserves130/1€49k€49k=
Reserves not available under the articles1311€49k€49k=
Distributable reserves133€907k€1.03M▲
Profit (loss) carried forward14€45k€45k=
Amounts payable17/49€1.40M€1.13M▼
Amounts payable after more than one year17€769k€691k▼
Financial debts170/4€769k€691k▼
Amounts payable within one year42/48€626k€438k▼
Current portion of amounts payable after more than one year42€107k€95k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Advances received on contracts in progress46€9k-
Taxes, remuneration and social security45€108k€33k▼
Taxes450/3€108k€33k▼
Other amounts payable47/48€401k€309k▼
Income statement
Code20232024
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€116k▼
Other operating charges640/8€12k€12k▲
Gross operating margin9900€317k€355k▲
Operating profit (loss)9901€158k€227k▲
Financial charges65/66B€29k€38k▲
Recurring financial charges65€29k€38k▲
Profit (loss) for the period before taxes9903€129k€189k▲
Income taxes67/77€45k€64k▲
Profit (loss) for the period9904€84k€125k▲
Profit (loss) for the period to be appropriated9905€84k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€170k▲
Profit (loss) brought forward from the previous period14P€45k€45k=
Transfer to equity691/2€84k€125k▲
To other reserves6921€84k€125k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €48k ▼60.8%
Net result drops to €48k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Equity above €1MEq €1.07M ▲16.5%
2 profitable years in a row build equity to €1.07M.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zonnebeke · 1 establishment unit since 2017
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.
Passendaleplaats 208980 ZonnebekeGround area
363 m²
Building footprint
155 m²
Volume, LiDAR
1,198 m³
Parcel 33019D1079/00H000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VTC-APVC
since 20172.266.486.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019D1079/00H000 | Flanders | 363 m² | 1 · 155 m² | 12.4 m · 3 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,858 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2017
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
71209Other technical testing and analysis
73200Market research and public opinion polling
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.