Vtrade
ActiveSummary
Vtrade has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €434k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 13% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+11
Solvency28▼-45
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.89 in 2024; short-term debt: 97.2% and cash: 10.4% of total assets), and 97.2% of the assets are financed with debt.
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Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
2.8%
Return on assets
76.2%
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 13% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 13%
← 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 30-04-2026, 92 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
92 d early
2024
on the day
2023
2 d early
2022
70 d late
2021
26 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€16k▼ 94.8%
2024 · €309k
Total assets
€569k▼ 12.2%
2024 · €648k
Net result
€434k▲ 135%
2024 · €185k
Working capital
€12k▼ 96.2%
2024 · €303k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€120k▲ 48.4%€106k▼ 11.5%€110k▲ 3.7%€374k▲ 240%€579k▲ 54.7%
Net result€42k▲ 246%€73k▲ 74.4%€68k▼ 5.8%€185k▲ 170%€434k▲ 135%
Equity€66k▲ 170%€139k▲ 110%€125k▼ 10.1%€309k▲ 148%€16k▼ 94.8%
Total assets€143k▼ 82.8%€168k▲ 17.2%€239k▲ 42.7%€648k▲ 171%€569k▼ 12.2%
Debt€77k▼ 90.5%€29k▼ 62.2%€115k▲ 295%€339k▲ 195%€553k▲ 63.1%
Working capital€62k▲ 180%€129k▲ 109%€117k▼ 9.8%€303k▲ 160%€12k▼ 96.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €569k
Fixed assets
€4k ▼ 25.6%
Current assets
€565k ▼ 12.1%
Equity and liabilities €569k
Equity
€16k ▼ 94.8%
Debt
€553k ▲ 63.1%
Debt's share of the balance-sheet total rises from 52.3% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€580k▲
2024 · €377k
Cash flow
€435k▲
2024 · €187k
Current ratio
1.02▼
2024 · 1.89
Debt to equity
34.58▲
2024 · 1.10
ROA
76.2%▲
2024 · 28.5%
Interest coverage
1.80▲
2024 · 0.45
Debt ≤ 1 year
€553k▲
2024 · €339k
Income taxes
€148k▲
2024 · €63k
A ratio outside any meaningful range has been withheld (balance sheet total €569k, equity €16k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €3k | €2k | ▼ 40.0% |
| Other operating charges640/8 | €387 | €691 | €2k | €586 | €579 | ▼ 1.2% |
| Gross operating margin9900 | €121k | €109k | €114k | €377k | €581k | ▲ 54.0% |
| Operating profit (loss)9901 | €120k | €106k | €110k | €374k | €579k | ▲ 54.7% |
| Financial income75/76B | €42k | €103k | €7k | €706k | €325k | ▼ 54.0% |
| Recurring financial income75 | €42k | €103k | €7k | €706k | €325k | ▼ 54.0% |
| Financial charges65/66B | €109k | €116k | €29k | €832k | €322k | ▼ 61.3% |
| Recurring financial charges65 | €109k | €116k | €29k | €832k | €322k | ▼ 61.3% |
| Profit (loss) for the period before taxes9903 | €53k | €94k | €88k | €248k | €582k | ▲ 135% |
| Income taxes67/77 | €12k | €21k | €20k | €63k | €148k | ▲ 134% |
| Profit (loss) for the period9904 | €42k | €73k | €68k | €185k | €434k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €42k | €73k | €68k | €185k | €434k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143k | €168k | €239k | €648k | €569k | ▼ 12.2% |
| Fixed assets21/28 | €6k | €10k | €8k | €6k | €4k | ▼ 25.6% |
| Tangible fixed assets22/27 | €6k | €10k | €8k | €6k | €4k | ▼ 25.6% |
| Furniture and vehicles24 | €6k | €10k | €8k | €6k | €4k | ▼ 25.6% |
| Current assets29/58 | €137k | €158k | €231k | €642k | €565k | ▼ 12.1% |
| Stocks and contracts in progress3 | - | - | - | €485k | - | - |
| Stocks30/36 | - | - | - | €485k | - | - |
| Amounts receivable within one year40/41 | €10k | €117k | €142k | €144k | €505k | ▲ 252% |
| Trade receivables40 | €0 | €504 | €0 | €88 | €46k | ▲ 52,567% |
| Other amounts receivable41 | €10k | €116k | €142k | €144k | €459k | ▲ 220% |
| Cash at bank and in hand54/58 | €124k | €41k | €89k | €14k | €59k | ▲ 326% |
| Deferred charges and accrued income490/1 | €3k | €100 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143k | €168k | €239k | €648k | €569k | ▼ 12.2% |
| Equity10/15 | €66k | €139k | €125k | €309k | €16k | ▼ 94.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €4k | ▼ 70.2% |
| Distributable reserves133 | €12k | €12k | €12k | €12k | €4k | ▼ 70.2% |
| Profit (loss) carried forward14 | €42k | €114k | €100k | €285k | - | - |
| Amounts payable17/49 | €77k | €29k | €115k | €339k | €553k | ▲ 63.1% |
| Amounts payable within one year42/48 | €75k | €29k | €115k | €339k | €553k | ▲ 63.1% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €30k | - | - |
| Financial debts43 | €2k | €987 | €5k | €5k | €51k | ▲ 876% |
| Credit institutions430/8 | €2k | - | €5k | €5k | €51k | ▲ 876% |
| Other loans439 | - | €987 | €0 | - | - | - |
| Trade debts44 | €847 | €694 | €3k | €5k | €1k | ▼ 69.0% |
| Suppliers440/4 | €847 | €694 | €3k | €5k | €1k | ▼ 69.0% |
| Taxes, remuneration and social security45 | €5k | €6k | €10k | €4k | €123k | ▲ 2,801% |
| Taxes450/3 | €5k | €6k | €10k | €4k | €123k | ▲ 2,801% |
| Other amounts payable47/48 | €53k | €6k | €81k | €295k | €377k | ▲ 27.7% |
| Accrued charges and deferred income492/3 | €2k | €184 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €73k | €68k | €185k | €434k | ▲ 135% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €3k | €2k | ▼ 40.0% |
| Operating cash flow (approximation) | €43k | €75k | €71k | €187k | €435k | ▲ 133% |
| Investment in fixed assets (approximation) | - | €-6k | €-908 | €-276 | €0 | ▲ 100% |
| Change in cash | - | €-83k | €48k | €-76k | €45k | ▲ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €434k ▲135%
Operating result €579k, net result €434k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €309k ▲148%
5 profitable years in a row build equity to €309k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 5.47
Current ratio from 1.82 to 5.47; short-term debt falls from €75k to €29k.
31-12
Financial
Equity above €100kEq €139k ▲110%
3 profitable years in a row build equity to €139k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Leuven · 1 establishment unit since 2020
Ground area
283 m²
Building footprint
92 m²
Volume, LiDAR
562 m³
Parcel 24504D0577/00C000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vtrade
since 20202.302.397.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504D0577/00C000 | Flanders | 283 m² | 1 · 92 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900BSAO5NDNEU2D93
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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 434 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
Contact
E-mail
janvermeylen@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.