VVE
ActiveSummary
The computed 12-month bankruptcy probability of VVE is 2.5% (moderate). The 2024 annual accounts show equity of €147,526 and a net result of €28,221. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+14
Solvency86▲+6
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.42 against 2.13 in 2023; short-term debt: 38.2% and cash: 19% of total assets), and 39% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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 →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
43 d late
2022
15 d late
2021
122 d late
← 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 75 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
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Financials · fiscal year 2024, micro schema
Equity
€147,526▲ 23.7%
2023 · €119,305
Total assets
€242,012▲ 12.4%
2023 · €215,390
Net result
€28,221▲ 10,391%
2023 · €269
Working capital
€131,243▲ 35.4%
2023 · €96,950
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€77,936-€66,483▼ 14.7%€4,667▼ 93.0%€39,523▲ 747%
Net result€62,996above the sector's middle half-€53,040above the sector's middle half▼ 15.8%€269below the sector's middle half▼ 99.5%€28,221above the sector's middle half▲ 10,391%
Equity€65,996within the sector's middle half-€119,036within the sector's middle half▲ 80.4%€119,305within the sector's middle half▲ 0.2%€147,526above the sector's middle half▲ 23.7%
Total assets€219,990within the sector's middle half-€369,669above the sector's middle half▲ 68.0%€215,390within the sector's middle half▼ 41.7%€242,012within the sector's middle half▲ 12.4%
Debt€153,994-€250,633▲ 62.8%€96,085▼ 61.7%€94,486▼ 1.7%
Working capital€31,138within the sector's middle half-€90,706above the sector's middle half▲ 191%€96,950above the sector's middle half▲ 6.9%€131,243above the sector's middle half▲ 35.4%
Solvency30.0%within the sector's middle half-32.2%within the sector's middle half▲ 2.2pp55.4%within the sector's middle half▲ 23.2pp61.0%within the sector's middle half▲ 5.6pp
Current ratio1.20within the sector's middle half-1.36within the sector's middle half▲ 0.162.13within the sector's middle half▲ 0.762.42within the sector's middle half▲ 0.29
Return on assets (ROA)28.6%above the sector's middle half-14.3%within the sector's middle half▼ 14.3pp0.1%below the sector's middle half▼ 14.2pp11.7%within the sector's middle half▲ 11.5pp
Staff (FTE)0.8-3▲ 275%2.3▼ 23.3%2▼ 13.0%
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 recovers in 2024; 2024 is 747% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €242,012
Fixed assets
€18,334 ▼ 43.3%
Current assets
€223,678 ▲ 22.2%
Equity and liabilities €242,012
Equity
€147,526 ▲ 23.7%
Debt
€94,486 ▼ 1.7%
Debt's share of the balance-sheet total falls from 44.6% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,960▲
2023 · €30,085
Cash flow
€45,658▲
2023 · €25,687
Debt to equity
0.64▼
2023 · 0.81
ROE
19.1%▲
2023 · 0.2%
Interest coverage
10.29▲
2023 · 8.33
Debt ≤ 1 year
€92,435▲
2023 · €86,080
Debt > 1 year
€2,051▼
2023 · €10,005
Income taxes
€8,023▲
2023 · €787
Staff costs
€95,155▼
2023 · €120,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 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: 2.5% 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 26,970 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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31,388 | €128,166 | €120,100 | €95,155 | ▼ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,416 | €17,260 | €25,418 | €17,437 | ▼ 31.4% |
| Other operating charges640/8 | €695 | €801 | €4,145 | €1,567 | ▼ 62.2% |
| Gross operating margin9900 | €122,435 | €212,710 | €154,330 | €153,682 | ▼ 0.4% |
| Operating profit (loss)9901 | €77,936 | €66,483 | €4,667 | €39,523 | ▲ 747% |
| Financial income75/76B | €227 | €641 | €2 | €2,256 | ▲ 112,700% |
| Recurring financial income75 | €227 | €641 | €2 | €2,256 | ▲ 112,700% |
| Financial charges65/66B | €167 | €113 | €3,613 | €5,535 | ▲ 53.2% |
| Recurring financial charges65 | €167 | €113 | €3,613 | €5,535 | ▲ 53.2% |
| Profit (loss) for the period before taxes9903 | €77,996 | €67,011 | €1,056 | €36,244 | ▲ 3,332% |
| Income taxes67/77 | €15,000 | €13,971 | €787 | €8,023 | ▲ 919% |
| Profit (loss) for the period9904 | €62,996 | €53,040 | €269 | €28,221 | ▲ 10,391% |
| Profit (loss) for the period to be appropriated9905 | €62,996 | €53,040 | €269 | €28,221 | ▲ 10,391% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €219,990 | €369,669 | €215,390 | €242,012 | ▲ 12.4% |
| Fixed assets21/28 | €34,858 | €28,330 | €32,360 | €18,334 | ▼ 43.3% |
| Tangible fixed assets22/27 | €34,858 | €28,330 | €32,360 | €18,334 | ▼ 43.3% |
| Furniture and vehicles24 | €34,858 | €28,330 | €32,360 | €18,334 | ▼ 43.3% |
| Current assets29/58 | €185,132 | €341,339 | €183,030 | €223,678 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €111,471 | €179,264 | €83,647 | €170,073 | ▲ 103% |
| Trade receivables40 | €78,855 | €89,572 | €77,175 | €146,917 | ▲ 90.4% |
| Other amounts receivable41 | €32,616 | €89,692 | €6,472 | €23,156 | ▲ 258% |
| Cash at bank and in hand54/58 | €72,664 | €161,889 | €91,281 | €45,917 | ▼ 49.7% |
| Deferred charges and accrued income490/1 | €997 | €186 | €8,102 | €7,688 | ▼ 5.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €219,990 | €369,669 | €215,390 | €242,012 | ▲ 12.4% |
| Equity10/15 | €65,996 | €119,036 | €119,305 | €147,526 | ▲ 23.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €60,000 | €110,000 | €110,000 | €140,000 | ▲ 27.3% |
| Distributable reserves133 | €60,000 | €110,000 | €110,000 | €140,000 | ▲ 27.3% |
| Profit (loss) carried forward14 | €2,996 | €6,036 | €6,305 | €4,526 | ▼ 28.2% |
| Amounts payable17/49 | €153,994 | €250,633 | €96,085 | €94,486 | ▼ 1.7% |
| Amounts payable after more than one year17 | - | - | €10,005 | €2,051 | ▼ 79.5% |
| Financial debts170/4 | - | - | €10,005 | €2,051 | ▼ 79.5% |
| Amounts payable within one year42/48 | €153,994 | €250,633 | €86,080 | €92,435 | ▲ 7.4% |
| Current portion of amounts payable after more than one year42 | - | - | €7,565 | €7,954 | ▲ 5.1% |
| Trade debts44 | €130,203 | €148,837 | €54,009 | €49,718 | ▼ 7.9% |
| Suppliers440/4 | €130,203 | €148,837 | €54,009 | €49,718 | ▼ 7.9% |
| Taxes, remuneration and social security45 | €17,031 | €42,475 | €21,904 | €24,780 | ▲ 13.1% |
| Taxes450/3 | €15,000 | €29,416 | €10,490 | €14,568 | ▲ 38.9% |
| Remuneration and social security454/9 | €2,031 | €13,059 | €11,414 | €10,212 | ▼ 10.5% |
| Other amounts payable47/48 | €6,760 | €59,321 | €2,602 | €9,983 | ▲ 284% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,996 | €53,040 | €269 | €28,221 | ▲ 10,391% |
| + Depreciation and write-downs630 | €12,416 | €17,260 | €25,418 | €17,437 | ▼ 31.4% |
| Operating cash flow (approximation) | €75,412 | €70,300 | €25,687 | €45,658 | ▲ 77.7% |
| Investment in fixed assets (approximation) | - | -€10,732 | -€29,448 | -€3,411 | ▲ 88.4% |
| Change in cash | - | €89,225 | -€70,608 | -€45,364 | ▲ 35.8% |
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
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Weakest financial yearnet €269 ▼99.5%
Net result drops to €269, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-12
Financial
Equity above €100,000Eq €119,036 ▲80.4%
2 profitable years in a row build equity to €119,036.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 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 2020
Ground area
7.8 ha
Building footprint
1.4 ha
Parcel 92253D0287/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VVE
since 20202.311.917.596
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0287/00F000 | Wallonia | 7.8 ha | 1 · 1.4 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 8,464 companies in sector 43120 we hold annual accounts for 3,233. 2,650 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
Founded16-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81300Landscape service activities
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758446364
Also
9925:BE0758446364
Registered
19-12-2025
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.