VV PRINT
ActiveSummary
VV PRINT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369,309 and a net result of -€25,399. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 95% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+25
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 20.04 against 31.18 in 2024; short-term debt: 3.7% and cash: 49.5% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer 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
96.3%
Return on assets
-6.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18202122232425
2018 to 2025 · latest year -€25,399
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
30 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
92 d late
2018
153 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 50 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% 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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
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
Equity
€369,309▼ 6.4%
2024 · €394,708
Total assets
€383,436▼ 5.4%
2024 · €405,304
Net result
-€25,399▲ 14.3%
2024 · -€29,626
Working capital
€268,950▼ 15.9%
2024 · €319,737
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, 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€28,452▲ 128%€60,816▲ 114%-€12,192-€27,731▼ 127%-€24,004▲ 13.4%
Net result€24,799above the sector's middle half▲ 156%€51,576above the sector's middle half▲ 108%-€19,824below the sector's middle half-€29,626below the sector's middle half▼ 49.4%-€25,399below the sector's middle half▲ 14.3%
Equity€392,582above the sector's middle half▲ 6.7%€444,158above the sector's middle half▲ 13.1%€424,334above the sector's middle half▼ 4.5%€394,708above the sector's middle half▼ 7.0%€369,309within the sector's middle half▼ 6.4%
Total assets€501,182above the sector's middle half▼ 6.9%€486,662above the sector's middle half▼ 2.9%€462,107above the sector's middle half▼ 5.0%€405,304above the sector's middle half▼ 12.3%€383,436within the sector's middle half▼ 5.4%
Debt€108,600▼ 36.3%€42,504▼ 60.9%€37,773▼ 11.1%€10,595▼ 71.9%€14,127▲ 33.3%
Working capital€306,356above the sector's middle half▲ 30.4%€336,233above the sector's middle half▲ 9.8%€318,786above the sector's middle half▼ 5.2%€319,737above the sector's middle half▲ 0.3%€268,950above the sector's middle half▼ 15.9%
Solvency78.3%above the sector's middle half▲ 10.0pp91.3%above the sector's middle half▲ 12.9pp91.8%above the sector's middle half▲ 0.6pp97.4%above the sector's middle half▲ 5.6pp96.3%above the sector's middle half▼ 1.1pp
Current ratio3.82above the sector's middle half▲ 1.448.91above the sector's middle half▲ 5.099.44above the sector's middle half▲ 0.5331.18above the sector's middle half▲ 21.7420.04above the sector's middle half▼ 11.14
Return on assets (ROA)4.9%within the sector's middle half▲ 3.2pp10.6%within the sector's middle half▲ 5.6pp-4.3%below the sector's middle half▼ 14.9pp-7.3%below the sector's middle half▼ 3.0pp-6.6%below the sector's middle half▲ 0.7pp
Staff (FTE)1=1=1=0.6▼ 40.0%0.6below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,004 in 2025 against €27,731 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383,436
Fixed assets
€100,358 ▲ 33.9%
Current assets
€283,077 ▼ 14.3%
Equity and liabilities €383,436
Equity
€369,309 ▼ 6.4%
Debt
€14,127 ▲ 33.3%
Debt's share of the balance-sheet total rises from 2.6% to 3.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9,608▲
2024 · €3,846
Cash flow
€8,213▲
2024 · €1,951
Quick ratio
18.87▼
2024 · 29.62
Debt to equity
0.04▲
2024 · 0.03
ROE
-6.9%▲
2024 · -7.5%
Interest coverage
9.18▲
2024 · 3.02
Debt ≤ 1 year
€14,127▲
2024 · €10,595
Income taxes
€349▼
2024 · €621
Staff costs
€24,509▼
2024 · €26,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
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 12,321 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €23,558 | €12,697 | €16,878 | €26,261 | €24,509 | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,670 | €60,708 | €31,377 | €31,577 | €33,613 | ▲ 6.4% |
| Other operating charges640/8 | €4,680 | €47,648 | €3,760 | - | €4,079 | - |
| Gross operating margin9900 | €103,359 | €181,868 | €39,823 | €30,107 | €38,197 | ▲ 26.9% |
| Operating profit (loss)9901 | €28,452 | €60,816 | -€12,192 | -€27,731 | -€24,004 | ▲ 13.4% |
| Financial income75/76B | €39 | - | - | - | - | - |
| Recurring financial income75 | €39 | - | - | - | - | - |
| Financial charges65/66B | €3,511 | €4,073 | €7,633 | €1,273 | €1,046 | ▼ 17.8% |
| Recurring financial charges65 | €3,511 | €4,073 | €7,633 | €1,273 | €1,046 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €24,980 | €56,742 | -€19,824 | -€29,004 | -€25,051 | ▲ 13.6% |
| Income taxes67/77 | €181 | €5,166 | - | €621 | €349 | ▼ 43.9% |
| Profit (loss) for the period9904 | €24,799 | €51,576 | -€19,824 | -€29,626 | -€25,399 | ▲ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €24,799 | €51,576 | -€19,824 | -€29,626 | -€25,399 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €501,182 | €486,662 | €462,107 | €405,304 | €383,436 | ▼ 5.4% |
| Fixed assets21/28 | €86,226 | €107,925 | €105,548 | €74,971 | €100,358 | ▲ 33.9% |
| Tangible fixed assets22/27 | €85,706 | €107,925 | €105,548 | €74,971 | €100,358 | ▲ 33.9% |
| Land and buildings22 | €0 | €0 | €0 | €0 | €0 | = |
| Plant, machinery and equipment23 | €78,204 | - | - | €800 | €42,600 | ▲ 5,225% |
| Furniture and vehicles24 | €7,502 | €107,925 | €105,548 | €74,171 | €57,758 | ▼ 22.1% |
| Financial fixed assets28 | €521 | - | - | - | - | - |
| Current assets29/58 | €414,956 | €378,737 | €356,559 | €330,333 | €283,077 | ▼ 14.3% |
| Stocks and contracts in progress3 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Stocks30/36 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Amounts receivable within one year40/41 | €293,792 | €245,865 | €198,096 | €120,599 | €65,498 | ▼ 45.7% |
| Trade receivables40 | €100,001 | €92,074 | €99,305 | €68,235 | €65,498 | ▼ 4.0% |
| Other amounts receivable41 | €193,791 | €153,791 | €98,791 | €52,364 | - | - |
| Current investments50/53 | €3,500 | €3,500 | €3,500 | €11,200 | €11,200 | = |
| Cash at bank and in hand54/58 | €101,164 | €112,872 | €138,463 | €182,034 | €189,880 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €501,182 | €486,662 | €462,107 | €405,304 | €383,436 | ▼ 5.4% |
| Equity10/15 | €392,582 | €444,158 | €424,334 | €394,708 | €369,309 | ▼ 6.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €372,122 | €373,698 | €353,874 | €324,248 | €298,849 | ▼ 7.8% |
| Amounts payable17/49 | €108,600 | €42,504 | €37,773 | €10,595 | €14,127 | ▲ 33.3% |
| Amounts payable within one year42/48 | €108,600 | €42,504 | €37,773 | €10,595 | €14,127 | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | €19,598 | €12,519 | €1,788 | - | - | - |
| Trade debts44 | €18,479 | €7,115 | €21,507 | €3,631 | €5,072 | ▲ 39.7% |
| Suppliers440/4 | €18,479 | €7,115 | €21,507 | €3,631 | €5,072 | ▲ 39.7% |
| Taxes, remuneration and social security45 | €22,123 | €22,870 | €14,478 | €6,964 | €9,055 | ▲ 30.0% |
| Taxes450/3 | €19,382 | €20,601 | €13,485 | €6,964 | €9,055 | ▲ 30.0% |
| Remuneration and social security454/9 | €2,741 | €2,269 | €992 | - | - | - |
| Other amounts payable47/48 | €48,400 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,799 | €51,576 | -€19,824 | -€29,626 | -€25,399 | ▲ 14.3% |
| + Depreciation and write-downs630 | €46,670 | €60,708 | €31,377 | €31,577 | €33,613 | ▲ 6.4% |
| Operating cash flow (approximation) | €71,469 | €112,284 | €11,553 | €1,951 | €8,213 | ▲ 321% |
| Investment in fixed assets (approximation) | - | -€82,406 | -€29,000 | -€1,000 | -€59,000 | ▼ 5,800% |
| Change in cash | - | €11,709 | €25,591 | €43,570 | €7,846 | ▼ 82.0% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
14-07
State Gazette act
Resignation: Vandebroeck,Michel Emile Alexandre (manager)Appointment: Vandebroeck,Michel Emile Alexandre (non-statutory director) · Statutes amendment · Legal form clause14 facts ▸
State Gazette act
Resignation: Vandebroeck,Michel Emile Alexandre (manager)
Appointment: Vandebroeck,Michel Emile Alexandre (non-statutory director) · Statutes amendment · Legal form clause14 facts ▸
- Other statement, 26-06-2026
- General meeting, 1430 Rebecq, Chaussée de Mons 52, assemblée générale extraordinaire des associés
- Statutes amendment
- Legal form clause, conserver la forme légale, société à responsabilité limitée
- Capital conversion, de plein droit, Deuxième résolution
- Reserve release, formes et majorités de la modification des statuts, compte de capitaux propres statutairement indisponible créé en application de l’article 39, § 2, deuxième al…
- Statutes amendment
- Share class, 186, Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation
- Director resignation, Vandebroeck,Michel Emile Alexandre (manager)
- Director appointment, Vandebroeck,Michel Emile Alexandre (non-statutory director)
- Director discharge, Vandebroeck,Michel Emile Alexandre
- Registered office clause, 1430 Rebecq,Chaussée de Mons 52, 5ème résolution
- +2 further facts in this act
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 31.18
Current ratio from 9.44 to 31.18; short-term debt falls from €37,773 to €10,595.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €51,576 ▲108%
Operating result €60,816, net result €51,576, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.91
Current ratio from 3.82 to 8.91; short-term debt falls from €108,600 to €42,504.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Back to profitnet €9,674
Net result €9,674 after one loss-making year.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Vandebroeck,Michel Emile Alexandre
CurrentNon-statutory director · since 14-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Rebecq · 1 establishment unit since 2000
Ground area
3,048 m²
Building footprint
809 m²
Volume, LiDAR
1,050 m³
2 parcels, Flanders, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Ruisbroeksesteenweg 220, 1601 Sint-Pieters-Leeuw
since 20002.116.486.352
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25088B0194/00B000 | Wallonia | 2,696 m² | 1 · 660 m² | - |
| 23069A0052/00W002 | Flanders | 352 m² | 1 · 149 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vandebroeck,Michel Emile Alexandre |
|
Articles of association
Purpose
La lithographie, l’impression de pierre chromée et l’impression offset chromée, l’impression offset en général, la sérigraphie et la gravure; La réproduction photograpique et…
Full purpose (7 activities)
- La lithographie, l’impression de pierre chromée et l’impression offset chromée, l’impression offset en général, la sérigraphie et la gravure
- La réproduction photograpique et autre
- Le graphisme et l’infographisme
- Le développement et la commercialisation des sites-web et des produits et services informatiques
- L’importation et l’exportation de papier et carton à lettres et de papier et carton d'impression
- L’importation et l’exportation des biens divers
- La reliure de livres
Name clause
Registered office clause
Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple décision de l’organe d’…
Board rule
Avec ou sans limitation de durée, un ou plusieurs administrateurs
Article 12. Rémunération des administrateurs
Other statement
Administrateur-délégué, gestion journalière
Trois ans, un ou plusieurs commissaires
Tenue et convocation assemblée générale, toute personne peut renoncer
Admission à l'assemblée générale, Article 16
Séances-procès-verbaux, Article 17
Délibérations, Article 18
Séance tenante, prorogation
Bénéfice annuel net, répartition-réserves
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Identification & contact
Identification
Legal formPrivate limited company
Founded12-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472299136
Also
9925:BE0472299136
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.