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Vv Projects

Active
Private limited companyfounded 2023active for 2 yearsDraaiboom 127, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 1001.923.094

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 02-07-2026 at the NBB

Turnover
≈ €250,000
Estimated: probably between €170,000 and €420,000
Total assets
€121,914
Net result
€42,978
Working capital
€58,605

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €121,914
Fixed assets €30,801
Current assets €91,113
Equity and liabilities €121,914
Equity €89,406
Debt €32,508
Debt's share of the balance-sheet total is 26.7%.
Key figures and ratios
2025 value
EBITDA
€65,162
Cash flow
€53,553
Current ratio
2.80
Debt to equity
0.36
ROE
48.1%
ROA
35.3%
Interest coverage
over 100
Debt ≤ 1 year
€32,508
Income taxes
€11,345

Comparable companies

These companies have the same main activity as Vv Projects: floor and wall tiling (NACE 43331). They are comparable in size and age: total assets between €99,000 and €145,000, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Vv Projects Oud-Turnhout2023€121,914€89,406€65,791€42,9782025
VLOEREN TOMME Anzegem2023€121,685€38,508€65,134€37,5082025
DAGNELY MAXIME Mettet2023€133,936€54,651€68,718€5,0842025
BAUWST Beernem2024€144,849€83,899€67,007€40,7152025
VLOER- EN TEGELWERKEN BROECKS Zoersel2023€103,155€56,039€52,643€28,4512025
DNJ FLOOR Antwerpen2023€98,991€65,729€47,521€32,1792025
Timbers Design Bonheiden2023€114,815€41,994€98,078€17,1812025

They were chosen from the 1,708 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as Vv Projects has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of Vv Projects itself is lower: 0.2% within 12 months. It rests on far more data about Vv Projects than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for Vv Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€121,914
Fixed assets21/28€30,801
Tangible fixed assets22/27€30,801
Furniture and vehicles24€30,801
Current assets29/58€91,113
Amounts receivable within one year40/41€11,592
Trade receivables40€11,592
Cash at bank and in hand54/58€78,761
Deferred charges and accrued income490/1€760
Equity and liabilities
Total equity and liabilities10/49€121,914
Equity10/15€89,406
Contributions10/11€2,000
Reserves13€87,406
Distributable reserves133€87,406
Amounts payable17/49€32,508
Amounts payable within one year42/48€32,508
Trade debts44€1,962
Suppliers440/4€1,962
Taxes, remuneration and social security45€29,159
Taxes450/3€29,159
Other amounts payable47/48€1,387
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,575
Other operating charges640/8€629
Gross operating margin9900€65,791
Operating profit (loss)9901€54,587
Financial income75/76B€31
Recurring financial income75€31
Financial charges65/66B€295
Recurring financial charges65€295
Profit (loss) for the period before taxes9903€54,323
Income taxes67/77€11,345
Profit (loss) for the period9904€42,978
Profit (loss) for the period to be appropriated9905€42,978
Appropriation of the result
Profit (loss) to be appropriated9906€42,978
Transfer to equity691/2€42,978
To other reserves6921€42,978

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,575
Other operating charges640/8€629
Gross operating margin9900€65,791
Operating profit (loss)9901€54,587
Financial income75/76B€31
Recurring financial income75€31
Financial charges65/66B€295
Recurring financial charges65€295
Profit (loss) for the period before taxes9903€54,323
Income taxes67/77€11,345
Profit (loss) for the period9904€42,978
Profit (loss) for the period to be appropriated9905€42,978
Line2025
Assets
Total assets20/58€121,914
Fixed assets21/28€30,801
Tangible fixed assets22/27€30,801
Furniture and vehicles24€30,801
Current assets29/58€91,113
Amounts receivable within one year40/41€11,592
Trade receivables40€11,592
Cash at bank and in hand54/58€78,761
Deferred charges and accrued income490/1€760
Equity and liabilities
Total equity and liabilities10/49€121,914
Equity10/15€89,406
Contributions10/11€2,000
Reserves13€87,406
Distributable reserves133€87,406
Amounts payable17/49€32,508
Amounts payable within one year42/48€32,508
Trade debts44€1,962
Suppliers440/4€1,962
Taxes, remuneration and social security45€29,159
Taxes450/3€29,159
Other amounts payable47/48€1,387
Line2025
Profit (loss) for the period9904€42,978
+ Depreciation and write-downs630€10,575
Operating cash flow (approximation)€53,553

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 02-07-2026 2026-00241688 NBB

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