VV PROJECTS
ActiveSummary
VV PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €48k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 10.83 in 2024; short-term debt: 16.4% and cash: 44.7% of total assets), and 16.4% of the assets are financed with debt.
Credit check 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
83.6%
Return on assets
16.8%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
1 d early
2023
7 d early
2021
on the day
2020
26 d early
2019
18 d early
2018
4 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€238k▼ 15.0%
2024 · €280k
2019: €145k
2020: €138k▼ -4.3% vs 2019lowest value
2021: €195k▲ +40.7% vs 2020
2023: €226k
2024: €280k▲ +24.0% vs 2023highest value
2025: €238k▼ -15.0% vs 2024
2019 → 2025
Total assets
€285k▼ 6.0%
2024 · €303k
2019: €203klowest value
2020: €223k▲ +9.5% vs 2019
2021: €219k▼ -1.7% vs 2020
2023: €247k
2024: €303k▲ +22.8% vs 2023highest value
2025: €285k▼ -6.0% vs 2024
2019 → 2025
Net result
€48k▼ 11.4%
2024 · €54k
2019: €54k
2020: €59k▲ +7.7% vs 2019
2021: €56k▼ -3.8% vs 2020
2023: €80khighest value
2024: €54k▼ -32.3% vs 2023
2025: €48k▼ -11.4% vs 2024lowest value
2019 → 2025
Working capital
€151k▼ 33.3%
2024 · €226k
2019: €137k
2020: €130k▼ -5.5% vs 2019lowest value
2021: €185k▲ +42.3% vs 2020
2023: €155k
2024: €226k▲ +45.7% vs 2023highest value
2025: €151k▼ -33.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€138k-€195k▲ 40.7%€226k▲ 16.0%€280k▲ 24.0%€238k▼ 15.0%
2020: €138klowest value
2021: €195k▲ +40.7% vs 2020
2023: €226k
2024: €280k▲ +24.0% vs 2023highest value
2025: €238k▼ -15.0% vs 2024
Operating result€72k-€71k▼ 2.4%€93k▲ 31.1%€74k▼ 19.8%€57k▼ 23.5%
2020: €72k
2021: €71k▼ -2.4% vs 2020
2023: €93khighest value
2024: €74k▼ -19.8% vs 2023
2025: €57k▼ -23.5% vs 2024lowest value
Net result€59k-€56k▼ 3.8%€80k▲ 42.1%€54k▼ 32.3%€48k▼ 11.4%
2020: €59k
2021: €56k▼ -3.8% vs 2020
2023: €80khighest value
2024: €54k▼ -32.3% vs 2023
2025: €48k▼ -11.4% vs 2024lowest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€87k ▲ 62.2%
Current assets
€198k ▼ 20.7%
Equity and liabilities €285k
Equity
€238k ▼ 15.0%
Debt
€47k ▲ 103%
Debt's share of the balance-sheet total rises from 7.6% to 16.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€86k▼
2024 · €94k
Cash flow
€78k▲
2024 · €74k
Current ratio
4.23▼
2024 · 10.83
Debt to equity
0.20▲
2024 · 0.08
ROE
20.2%▲
2024 · 19.3%
ROA
16.8%▼
2024 · 17.9%
Interest coverage
264.09▼
2024 · 652.50
Debt ≤ 1 year
€47k▲
2024 · €23k
Income taxes
€13k▼
2024 · €21k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€303k€285k▼
Fixed assets21/28€54k€87k▲
Tangible fixed assets22/27€54k€87k▲
Furniture and vehicles24€43k€77k▲
Other tangible fixed assets26€11k€10k▼
Current assets29/58€249k€198k▼
Amounts receivable within one year40/41€20k€20k▼
Trade receivables40€20k€20k▼
Other amounts receivable41€119€277▲
Current investments50/53€69k€48k▼
Cash at bank and in hand54/58€159k€127k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€303k€285k▼
Equity10/15€280k€238k▼
Contributions10/11€19k€19k=
Reserves13€261k€219k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€261k€219k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€23k€47k▲
Amounts payable within one year42/48€23k€47k▲
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€18k€9k▼
Taxes450/3€15k€9k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€376€35k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€30k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€95k€88k▼
Operating profit (loss)9901€74k€57k▼
Financial income75/76B€703€4k▲
Recurring financial income75€703€4k▲
Financial charges65/66B€144€327▲
Recurring financial charges65€144€327▲
Profit (loss) for the period before taxes9903€75k€61k▼
Income taxes67/77€21k€13k▼
Profit (loss) for the period9904€54k€48k▼
Profit (loss) for the period to be appropriated9905€54k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€48k▼
Profit (loss) brought forward from the previous period14P€-2k€0▲
Transfer from equity791/2-€90k
Transfer to equity691/2€52k€48k▼
To other reserves6921€52k€48k▼
Profit to be distributed694/7-€90k
Return on contributions (dividend)694-€90k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €12k | €20k | €30k | ▲ 50.9% |
| Other operating charges640/8 | - | - | €572 | €1k | €1k | ▲ 17.8% |
| Non-recurring operating charges66A | - | - | €117 | €0 | - | - |
| Gross operating margin9900 | €75k | €73k | €106k | €95k | €88k | ▼ 7.6% |
| Operating profit (loss)9901 | €72k | €71k | €93k | €74k | €57k | ▼ 23.5% |
| Financial income75/76B | - | - | €8k | €703 | €4k | ▲ 505% |
| Recurring financial income75 | €3k | €901 | €8k | €703 | €4k | ▲ 505% |
| Financial charges65/66B | - | - | €442 | €144 | €327 | ▲ 127% |
| Recurring financial charges65 | €941 | €609 | €442 | €144 | €327 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €74k | €71k | €100k | €75k | €61k | ▼ 18.8% |
| Income taxes67/77 | €15k | €15k | €20k | €21k | €13k | ▼ 38.0% |
| Profit (loss) for the period9904 | €59k | €56k | €80k | €54k | €48k | ▼ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €59k | €57k | €80k | €54k | €48k | ▼ 11.4% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223k | €219k | €247k | €303k | €285k | ▼ 6.0% |
| Fixed assets21/28 | €9k | €10k | €70k | €54k | €87k | ▲ 62.2% |
| Tangible fixed assets22/27 | €9k | €10k | €70k | €54k | €87k | ▲ 62.2% |
| Furniture and vehicles24 | - | - | €57k | €43k | €77k | ▲ 81.5% |
| Other tangible fixed assets26 | - | - | €14k | €11k | €10k | ▼ 12.6% |
| Current assets29/58 | €214k | €209k | €176k | €249k | €198k | ▼ 20.7% |
| Amounts receivable within one year40/41 | €49k | €38k | €20k | €20k | €20k | ▼ 1.6% |
| Trade receivables40 | - | - | €20k | €20k | €20k | ▼ 2.4% |
| Other amounts receivable41 | - | - | €48 | €119 | €277 | ▲ 134% |
| Current investments50/53 | €64k | €80k | €51k | €69k | €48k | ▼ 30.0% |
| Cash at bank and in hand54/58 | €99k | €89k | €105k | €159k | €127k | ▼ 19.8% |
| Deferred charges and accrued income490/1 | - | - | €208 | €2k | €3k | ▲ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223k | €219k | €247k | €303k | €285k | ▼ 6.0% |
| Equity10/15 | €138k | €195k | €226k | €280k | €238k | ▼ 15.0% |
| Contributions10/11 | €0 | - | €19k | €19k | €19k | = |
| Reserves13 | €120k | €176k | €209k | €261k | €219k | ▼ 16.1% |
| Non-distributable reserves130/1 | - | - | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €0 | - | - |
| Distributable reserves133 | - | - | €207k | €261k | €219k | ▼ 16.1% |
| Profit (loss) carried forward14 | - | - | €-2k | €0 | €0 | - |
| Amounts payable17/49 | €84k | €24k | €21k | €23k | €47k | ▲ 103% |
| Amounts payable within one year42/48 | €84k | €24k | €21k | €23k | €47k | ▲ 103% |
| Financial debts43 | - | - | €3k | €2k | €2k | ▼ 13.5% |
| Credit institutions430/8 | - | - | €3k | €2k | €2k | ▼ 13.5% |
| Trade debts44 | €4k | €359 | €2k | €2k | €1k | ▼ 51.8% |
| Suppliers440/4 | - | - | €2k | €2k | €1k | ▼ 51.8% |
| Taxes, remuneration and social security45 | - | - | €13k | €18k | €9k | ▼ 50.7% |
| Taxes450/3 | - | - | €13k | €15k | €9k | ▼ 41.1% |
| Remuneration and social security454/9 | - | - | - | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €4k | €376 | €35k | ▲ 9,151% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €56k | €80k | €54k | €48k | ▼ 11.4% |
| + Depreciation and write-downs630 | €2k | €2k | €12k | €20k | €30k | ▲ 50.9% |
| Operating cash flow (approximation) | €61k | €58k | €92k | €74k | €78k | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | €-3k | - | €-3k | €-63k | ▼ 2,193% |
| Change in cash | - | €-10k | - | €54k | €-31k | ▼ 159% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €48k ▼11.4%
Net result drops to €48k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €80k ▲42.1%
Operating result €93k, net result €80k, both a record.
30-06
Financial
Equity above €200kEq €226k ▲16%
4 profitable years in a row build equity to €226k.
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 8.58
Current ratio from 2.54 to 8.58; short-term debt falls from €84k to €24k.
30-06
Financial
Equity above €150kEq €195k ▲40.7%
3 profitable years in a row build equity to €195k.
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 4 days late
Show earlier events
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
20-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Dilbeek · 1 establishment unit since 2014
Ground area
583 m²
Building footprint
103 m²
Volume, LiDAR
810 m³
Parcel 23079A0239/00G000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VV PROJECTS
since 20142.233.389.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23079A0239/00G000 | Flanders | 583 m² | 1 · 103 m² | 10.5 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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INTES
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QMINO
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,424 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
Founded28-06-2014
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Contact
Phone
0473337769
Phone
000000000097Dilbeek
Scores and ratios are computed by Checked and are not a credit decision.