VU PROJECTS
Open bankruptcySummary
A bankruptcy procedure is open for VU PROJECTS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €89k and a net result of €84k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-09-2023, 33 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
33 d late
2021
24 d early
2020
438 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€89k
2021 · €-8k
2018: €-1k
2019: €-7k
2020: €-5k
2021: €-8k
2018 → 2022
Total assets
€234k▲ 4,138%
2021 · €6k
2018: €17k
2019: €2k
2020: €10k
2021: €6k
2018 → 2022
Net result
€84k
2021 · €-3k
2018: €-8k
2019: €-6k
2020: €3k
2021: €-3k
2018 → 2022
Working capital
€86k
2021 · €-8k
2018: €-3k
2019: €-7k
2020: €-5k
2021: €-8k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-1k-€-7k▼ 441%€-5k▲ 39.1%€-8k▼ 73.3%€89k
Operating result€-6k-€-6k▲ 1.0%€4k€-3k€124k
Net result€-8k-€-6k▲ 19.9%€3k€-3k€84k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €124k after a loss of €3k in 2021, the highest result in the available series.
Balance-sheet composition
Assets €234k
Fixed assets
€3k
Current assets
€231k
Equity and liabilities €234k
Equity
€89k
Debt
€144k
Debt finances 61.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€125k
Cash flow
€85k
Current ratio
1.60▲
2021 · 0.41
Debt to equity
1.62▲
2021 · -1.70
ROE
94.9%
ROA
36.2%▲
2021 · -60.4%
Interest coverage
101.71
Debt ≤ 1 year
€144k▲
2021 · €13k
Income taxes
€31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 37 lines
Balance sheet
Code20212022
Assets
Total assets20/58€6k€234k▲
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€6k€231k▲
Amounts receivable after more than one year29-€3k
Other amounts receivable291-€3k
Amounts receivable within one year40/41€117€179k▲
Trade receivables40-€178k
Other amounts receivable41€117€1k▲
Cash at bank and in hand54/58€5k€48k▲
Equity and liabilities
Total equity and liabilities10/49€6k€234k▲
Equity10/15€-8k€89k▲
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€-14k€70k▲
Amounts payable17/49€13k€144k▲
Amounts payable within one year42/48€13k€144k▲
Trade debts44€2k€101k▲
Suppliers440/4€2k€101k▲
Taxes, remuneration and social security45-€31k
Taxes450/3-€31k
Other amounts payable47/48€12k€12k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€805
Other operating charges640/8€410€62▼
Gross operating margin9900€-3k€125k▲
Operating profit (loss)9901€-3k€124k▲
Financial income75/76B-€602
Recurring financial income75-€602
Financial charges65/66B€139€10k▲
Recurring financial charges65€139€1k▲
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€-3k€115k▲
Income taxes67/77-€31k
Profit (loss) for the period9904€-3k€84k▲
Profit (loss) for the period to be appropriated9905€-3k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€70k▲
Profit (loss) brought forward from the previous period14P€-11k€-14k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · VU PROJECTS BV HEIR- BAAN 86, 3650 DILSEN-STOKKEM · event 21-05-2026
2023
02-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 33 days late
2022
31-12
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.60
Current ratio from 0.41 to 1.60.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 438 days late
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2018
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.
Heirbaan 863650 Dilsen-StokkemGround area
2,450 m²
Building footprint
406 m²
Volume, LiDAR
1,243 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leeuwerikstraat 15, 3680 Maaseik
since 20182.282.696.743
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021B0189/00X000 | Flanders | 1,556 m² | 1 · 246 m² | 8.2 m · 2 fl. |
| 72007A0098/00Z000 | Flanders | 894 m² | 1 · 161 m² | 0.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER WIRIX ELISABETHWAL 4 BUS 2,
3700 TONGEREN-BORGLOON |
21-05-2026 → present |
| Curator | CHRISTOPHE HERMANS ELISABETHWAL 4 BUS 2, 3700 TONGE-
REN-BORGLOON |
21-05-2026 → present |
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:vuprojects@telenet.be
Phone:+32472481095