VV Analytics
ActiveSummary
VV Analytics has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,407 and a net result of -€1,925. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency53▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.58 in 2024; short-term debt: 22.7% and cash: 10.3% of total assets), and 72.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.7%
Return on assets
-0.9%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
38 d early
2023
36 d early
2022
3 d early
2021
29 d late
2020
32 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,925▲ 32.8%
2024 · -€2,864
Working capital
-€22,776▼ 0.8%
2024 · -€22,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€97,561▼ 167%-€15,963▲ 83.6%-€91,598▼ 474%-€22,845▲ 75.1%-€6,990▲ 69.4%
Net result-€84,105below the sector's middle half▼ 252%€12,333within the sector's middle half-€69,153below the sector's middle half-€2,864within the sector's middle half▲ 95.9%-€1,925within the sector's middle half▲ 32.8%
Equity€209,204above the sector's middle half▲ 131%€192,104within the sector's middle half▼ 8.2%€96,196within the sector's middle half▼ 49.9%€76,832within the sector's middle half▼ 20.1%€58,407within the sector's middle half▼ 24.0%
Total assets€305,480within the sector's middle half▲ 118%€362,496within the sector's middle half▲ 18.7%€298,223within the sector's middle half▼ 17.7%€229,890below the sector's middle half▼ 22.9%€210,832within the sector's middle half▼ 8.3%
Debt€96,276▲ 94.1%€170,392▲ 77.0%€202,027▲ 18.6%€153,058▼ 24.2%€152,426▼ 0.4%
Working capital€92,042above the sector's middle half€153,220within the sector's middle half▲ 66.5%€36,685within the sector's middle half▼ 76.1%-€22,606below the sector's middle half-€22,776below the sector's middle half▼ 0.8%
Solvency68.5%within the sector's middle half▲ 3.8pp53.0%within the sector's middle half▼ 15.5pp32.3%within the sector's middle half▼ 20.7pp33.4%within the sector's middle half▲ 1.2pp27.7%within the sector's middle half▼ 5.7pp
Current ratio3.75within the sector's middle half▲ 2.977.69above the sector's middle half▲ 3.941.75within the sector's middle half▼ 5.940.58below the sector's middle half▼ 1.170.52below the sector's middle half▼ 0.06
Return on assets (ROA)-27.5%below the sector's middle half▼ 10.5pp3.4%within the sector's middle half▲ 30.9pp-23.2%below the sector's middle half▼ 26.6pp-1.2%within the sector's middle half▲ 21.9pp-0.9%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,990 in 2025 against €22,845 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210,657
Fixed assets
€185,583 ▼ 6.3%
Current assets
€25,073 ▼ 19.7%
Equity and liabilities €210,832
Equity
€58,407 ▼ 24.0%
Debt
€152,426 ▼ 0.4%
Debt's share of the balance-sheet total rises from 66.6% to 72.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,403▲
2024 · €52,858
Cash flow
€84,469▲
2024 · €72,838
Debt to equity
2.61▲
2024 · 1.99
ROE
-3.3%▲
2024 · -3.7%
Interest coverage
6.98▼
2024 · 149.88
Debt ≤ 1 year
€47,849▼
2024 · €53,844
Debt > 1 year
€104,576▲
2024 · €99,214
Income taxes
€108▼
2024 · €137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,549 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €47,688 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,025 | €53,569 | €78,027 | €75,703 | €86,394 | ▲ 14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,966 | - | - |
| Other operating charges640/8 | - | - | €384 | €599 | €4,380 | ▲ 631% |
| Gross operating margin9900 | -€61,536 | €37,606 | -€13,186 | €55,423 | €83,783 | ▲ 51.2% |
| Operating profit (loss)9901 | -€97,561 | -€15,963 | -€91,598 | -€22,845 | -€6,990 | ▲ 69.4% |
| Financial income75/76B | €14,109 | €29,913 | €26,869 | €20,470 | €16,544 | ▼ 19.2% |
| Recurring financial income75 | €14,109 | €29,913 | €26,869 | €20,470 | €16,544 | ▼ 19.2% |
| Financial charges65/66B | €553 | €1,617 | €1,236 | €353 | €11,371 | ▲ 3,124% |
| Recurring financial charges65 | €553 | €1,617 | €1,236 | €353 | €11,371 | ▲ 3,124% |
| Profit (loss) for the period before taxes9903 | -€84,005 | €12,333 | -€65,965 | -€2,728 | -€1,817 | ▲ 33.4% |
| Income taxes67/77 | €100 | - | €3,188 | €137 | €108 | ▼ 20.7% |
| Profit (loss) for the period9904 | -€84,105 | €12,333 | -€69,153 | -€2,864 | -€1,925 | ▲ 32.8% |
| Profit (loss) for the period to be appropriated9905 | -€84,105 | €12,333 | -€69,153 | -€2,864 | -€1,925 | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,480 | €362,496 | €298,223 | €229,890 | €210,832 | ▼ 8.3% |
| Formation expenses20 | €1,999 | €1,493 | €1,054 | €615 | €176 | ▼ 71.4% |
| Fixed assets21/28 | €177,945 | €184,881 | €211,500 | €198,037 | €185,583 | ▼ 6.3% |
| Intangible fixed assets21 | €176,165 | €184,178 | €209,094 | €196,485 | €184,779 | ▼ 6.0% |
| Tangible fixed assets22/27 | €1,685 | €608 | €2,311 | €1,457 | €709 | ▼ 51.3% |
| Plant, machinery and equipment23 | €1,317 | €608 | €1,386 | €763 | €247 | ▼ 67.7% |
| Furniture and vehicles24 | €368 | - | €925 | €694 | €462 | ▼ 33.3% |
| Financial fixed assets28 | €95 | €95 | €95 | €95 | €95 | = |
| Current assets29/58 | €125,536 | €176,121 | €85,669 | €31,238 | €25,073 | ▼ 19.7% |
| Amounts receivable within one year40/41 | €61,191 | €17,807 | €38,336 | €7,982 | €1,648 | ▼ 79.3% |
| Trade receivables40 | €35,911 | €14,020 | €35,132 | €1,873 | €675 | ▼ 64.0% |
| Other amounts receivable41 | €25,279 | €3,787 | €3,203 | €6,109 | €973 | ▼ 84.1% |
| Cash at bank and in hand54/58 | €63,909 | €157,110 | €45,689 | €22,299 | €21,816 | ▼ 2.2% |
| Deferred charges and accrued income490/1 | €437 | €1,204 | €1,645 | €958 | €1,609 | ▲ 68.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,480 | €362,496 | €298,223 | €229,890 | €210,832 | ▼ 8.3% |
| Equity10/15 | €209,204 | €192,104 | €96,196 | €76,832 | €58,407 | ▼ 24.0% |
| Contributions10/11 | €146,600 | €146,600 | €146,600 | €146,600 | €146,600 | = |
| Reserves13 | €66,076 | €66,076 | €66,076 | €66,076 | €66,076 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €64,216 | €64,216 | €64,216 | €64,216 | €64,216 | = |
| Profit (loss) carried forward14 | -€107,985 | -€95,652 | -€164,805 | -€167,669 | -€169,594 | ▼ 1.1% |
| Investment grants15 | €104,513 | €75,080 | €48,325 | €31,825 | €15,325 | ▼ 51.8% |
| Amounts payable17/49 | €96,276 | €170,392 | €202,027 | €153,058 | €152,426 | ▼ 0.4% |
| Amounts payable after more than one year17 | €50,282 | €147,491 | €153,043 | €99,214 | €104,576 | ▲ 5.4% |
| Financial debts170/4 | €50,282 | €147,491 | €153,043 | €99,214 | €104,576 | ▲ 5.4% |
| Amounts payable within one year42/48 | €33,494 | €22,901 | €48,984 | €53,844 | €47,849 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,246 | - | - |
| Trade debts44 | €28,128 | €11,397 | €24,586 | €1,740 | €2,617 | ▲ 50.4% |
| Suppliers440/4 | €28,128 | €11,397 | €24,586 | €1,740 | €2,617 | ▲ 50.4% |
| Advances received on contracts in progress46 | - | €182 | €2,668 | - | €817 | - |
| Taxes, remuneration and social security45 | €1,931 | €7,766 | €7,139 | €2,996 | €139 | ▼ 95.4% |
| Taxes450/3 | €1,931 | €7,766 | €7,139 | €2,996 | €139 | ▼ 95.4% |
| Other amounts payable47/48 | €3,435 | €3,555 | €14,591 | €46,863 | €44,276 | ▼ 5.5% |
| Accrued charges and deferred income492/3 | €12,500 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€84,105 | €12,333 | -€69,153 | -€2,864 | -€1,925 | ▲ 32.8% |
| + Depreciation and write-downs630 | €36,025 | €53,569 | €78,027 | €75,703 | €86,394 | ▲ 14.1% |
| Operating cash flow (approximation) | -€48,081 | €65,902 | €8,875 | €72,838 | €84,469 | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | -€60,505 | -€104,646 | -€62,239 | -€73,940 | ▼ 18.8% |
| Change in cash | - | €93,201 | -€111,421 | -€23,390 | -€484 | ▲ 97.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €12,333
Net result €12,333 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 7.69
Current ratio from 3.75 to 7.69; short-term debt falls from €33,494 to €22,901.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€84,105
Net result drops to -€84,105, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 3.75
Current ratio from 0.77 to 3.75; short-term debt falls from €49,597 to €33,494.
31-12
Financial
Equity above €200,000Eq €209,204 ▲131%
Equity rises from €90,718 to €209,204.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Equity above €100,000Eq €127,531 ▲39.2%
2 profitable years in a row build equity to €127,531.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Gembloux · 1 establishment unit since 2017
Ground area
2.4 ha
Parcel 92053B0055/00B027, Wallonia. Linked by address, not a title deed.
1 establishment unit
Place de la Rose des Vents 9, 5030 Gembloux
since 20172.264.922.878
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053B0055/00B027 | Wallonia | 2.4 ha | - | - |
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.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 456 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
Founded06-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676579255
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.