VVB Services
ActiveSummary
The computed 12-month bankruptcy probability of VVB Services is 2.2% (moderate). The 2024 annual accounts show equity of €131,644 and a net result of €29,586. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 36380 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-11
Solvency98=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.73 against 3.49 in 2023; short-term debt: 25.5% and cash: 5.5% of total assets), and 26.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
4 d early
2021
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€131,644▲ 26.9%
2023 · €103,725
Total assets
€179,148▲ 26.8%
2023 · €141,232
Net result
€29,586▼ 33.7%
2023 · €44,614
Working capital
€125,006▲ 36.1%
2023 · €91,832
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2021202220232024
Operating result€9,853-€58,040▲ 489%€58,066=€44,407▼ 23.5%
Net result€4,042within the sector's middle half-€46,971above the sector's middle half▲ 1,062%€44,614above the sector's middle half▼ 5.0%€29,586above the sector's middle half▼ 33.7%
Equity€14,616below the sector's middle half-€60,777within the sector's middle half▲ 316%€103,725within the sector's middle half▲ 70.7%€131,644within the sector's middle half▲ 26.9%
Total assets€26,635below the sector's middle half-€93,581within the sector's middle half▲ 251%€141,232within the sector's middle half▲ 50.9%€179,148within the sector's middle half▲ 26.8%
Debt€12,019-€32,805▲ 173%€37,507▲ 14.3%€47,504▲ 26.7%
Working capital€1,528-€43,508▲ 2,748%€91,832▲ 111%€125,006▲ 36.1%
Solvency54.9%within the sector's middle half-64.9%within the sector's middle half▲ 10.1pp73.4%above the sector's middle half▲ 8.5pp73.5%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,148
Fixed assets
€8,412 ▼ 32.9%
Current assets
€170,737 ▲ 32.7%
Equity and liabilities €179,148
Equity
€131,644 ▲ 26.9%
Debt
€47,504 ▲ 26.7%
Debt's share of the balance-sheet total stays at 26.5%.
Key figures and ratios
EBITDA
€48,533▼
2023 · €64,401
Cash flow
€33,712▼
2023 · €50,949
Current ratio
3.73▲
2023 · 3.49
Quick ratio
3.72▲
2023 · 3.44
Debt to equity
0.36▼
2023 · 0.36
ROE
22.5%▼
2023 · 43.0%
ROA
16.5%▼
2023 · 31.6%
Interest coverage
11.82▼
2023 · 82.03
Debt ≤ 1 year
€45,731▲
2023 · €36,863
Income taxes
€10,750▼
2023 · €12,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €480 | €4,206 | €6,335 | €4,126 | ▼ 34.9% |
| Other operating charges640/8 | €761 | €865 | €708 | €785 | ▲ 10.8% |
| Non-recurring operating charges66A | - | €2,938 | €0 | - | - |
| Gross operating margin9900 | €11,093 | €66,048 | €65,109 | €49,318 | ▼ 24.3% |
| Operating profit (loss)9901 | €9,853 | €58,040 | €58,066 | €44,407 | ▼ 23.5% |
| Financial income75/76B | - | €9 | €44 | €36 | ▼ 17.2% |
| Recurring financial income75 | - | €9 | €44 | €36 | ▼ 17.2% |
| Financial charges65/66B | €99 | €287 | €785 | €4,107 | ▲ 423% |
| Recurring financial charges65 | €99 | €287 | €785 | €4,107 | ▲ 423% |
| Profit (loss) for the period before taxes9903 | €9,753 | €57,762 | €57,325 | €40,336 | ▼ 29.6% |
| Income taxes67/77 | €5,711 | €10,791 | €12,711 | €10,750 | ▼ 15.4% |
| Profit (loss) for the period9904 | €4,042 | €46,971 | €44,614 | €29,586 | ▼ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €4,042 | €46,971 | €44,614 | €29,586 | ▼ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,635 | €93,581 | €141,232 | €179,148 | ▲ 26.8% |
| Fixed assets21/28 | €13,088 | €17,420 | €12,538 | €8,412 | ▼ 32.9% |
| Tangible fixed assets22/27 | €13,088 | €17,420 | €12,538 | €8,412 | ▼ 32.9% |
| Plant, machinery and equipment23 | €1,555 | €3,600 | €1,850 | €856 | ▼ 53.7% |
| Furniture and vehicles24 | €11,533 | €13,820 | €10,688 | €7,556 | ▼ 29.3% |
| Current assets29/58 | €13,547 | €76,161 | €128,695 | €170,737 | ▲ 32.7% |
| Stocks and contracts in progress3 | - | €6,848 | €1,950 | €779 | ▼ 60.0% |
| Stocks30/36 | - | €6,848 | €1,950 | €779 | ▼ 60.0% |
| Amounts receivable within one year40/41 | €6,467 | €37,951 | €57,604 | €28,992 | ▼ 49.7% |
| Trade receivables40 | €3,107 | €32,197 | €49,511 | €25,791 | ▼ 47.9% |
| Other amounts receivable41 | €3,360 | €5,754 | €8,093 | €3,201 | ▼ 60.5% |
| Current investments50/53 | - | - | - | €130,000 | - |
| Cash at bank and in hand54/58 | €6,744 | €28,960 | €68,596 | €9,787 | ▼ 85.7% |
| Deferred charges and accrued income490/1 | €336 | €2,403 | €544 | €1,178 | ▲ 116% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,635 | €93,581 | €141,232 | €179,148 | ▲ 26.8% |
| Equity10/15 | €14,616 | €60,777 | €103,725 | €131,644 | ▲ 26.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €13,616 | €59,777 | €102,725 | €130,644 | ▲ 27.2% |
| Distributable reserves133 | €13,616 | €59,777 | €102,725 | €130,644 | ▲ 27.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €12,019 | €32,805 | €37,507 | €47,504 | ▲ 26.7% |
| Amounts payable within one year42/48 | €12,019 | €32,654 | €36,863 | €45,731 | ▲ 24.1% |
| Trade debts44 | €4,024 | €13,230 | €19,066 | €5,948 | ▼ 68.8% |
| Suppliers440/4 | €4,024 | €13,230 | €19,066 | €5,948 | ▼ 68.8% |
| Taxes, remuneration and social security45 | €6,750 | €12,169 | €0 | €8,467 | - |
| Taxes450/3 | €6,750 | €12,169 | €0 | €8,467 | - |
| Other amounts payable47/48 | €1,245 | €7,255 | €17,796 | €31,317 | ▲ 76.0% |
| Accrued charges and deferred income492/3 | - | €151 | €645 | €1,773 | ▲ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,042 | €46,971 | €44,614 | €29,586 | ▼ 33.7% |
| + Depreciation and write-downs630 | €480 | €4,206 | €6,335 | €4,126 | ▼ 34.9% |
| Operating cash flow (approximation) | €4,522 | €51,176 | €50,949 | €33,712 | ▼ 33.8% |
| Investment in fixed assets (approximation) | - | -€8,537 | -€1,453 | €0 | ▲ 100% |
| Change in cash | - | €22,216 | €39,636 | -€58,810 | ▼ 248% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €103,725 ▲70.7%
3 profitable years in a row build equity to €103,725.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €46,971 ▲1,062%
Net result €46,971, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.33
Current ratio from 1.13 to 2.33.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Lokeren · 1 establishment unit since 2019
Ground area
1,737 m²
Building footprint
124 m²
Volume, LiDAR
575 m³
Parcel 46382B0478/00T000, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CLIMATEQ
since 20192.296.531.616
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0478/00T000 | Flanders | 1,737 m² | 1 · 124 m² | 9.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,538 EUR awarded · 2,538 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,908 EUR | 1,908 EUR |
| 2023 | 1 | 630 EUR | 630 EUR |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,143 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
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43221Plumbing work
43331Floor and wall tiling
47730Retail sale of pharmaceutical products
81220Other building cleaning and industrial cleaning
82990Other business support services
Contact
E-mail
debofisk@telenet.be
E-mail
info@vvb-services.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738705280
Also
9925:BE0738705280
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.