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VVLB

Active
Private limited companyfounded 20197 yrs activeLippenslaan 101, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0726.848.516
Summary

VVLB has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€51,483) and a net result of -€20,235. Equity is shrinking by ~53.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability23▼-34
Solvency11▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 0.99 in 2024; short-term debt: 100.2% and cash: 5.9% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-14.5%
Return on assets
-5.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€51,483
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filings
Deviation from the deadline
2025
30 d late
2024
61 d late
2023
31 d late
2022
30 d late
2021
31 d late
2020
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VVLB was incorporated on 17 May 2019 as a Private limited company.1 Total assets rose from EUR 275,665 in 2020 to EUR 355,831 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€51,483▼ 64.8%
2024 · -€31,247
Total assets
€355,831▲ 14.2%
2024 · €311,566
Net result
-€20,235
2024 · €24,400
Working capital
-€793▲ 74.0%
2024 · -€3,052
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result-€3,670▼ 56.7%-€5,676▼ 54.6%-€8,361▼ 47.3%€35,896€2,259▼ 93.7%
Net result-€11,517below the sector's middle half▼ 44.0%-€16,621below the sector's middle half▼ 44.3%-€39,513below the sector's middle half▼ 138%€24,400within the sector's middle half-€20,235below the sector's middle half
Equity€486below the sector's middle half▼ 95.9%-€16,134below the sector's middle half-€55,648below the sector's middle half▼ 245%-€31,247below the sector's middle half▲ 43.8%-€51,483below the sector's middle half▼ 64.8%
Total assets€298,951within the sector's middle half▲ 8.4%€513,921within the sector's middle half▲ 71.9%€512,006within the sector's middle half▼ 0.4%€311,566within the sector's middle half▼ 39.1%€355,831below the sector's middle half▲ 14.2%
Debt€298,464▲ 13.2%€530,056▲ 77.6%€567,654▲ 7.1%€342,813▼ 39.6%€407,314▲ 18.8%
Working capital€5,840within the sector's middle half▼ 59.5%-€3,417within the sector's middle half-€29,056within the sector's middle half▼ 750%-€3,052within the sector's middle half▲ 89.5%-€793within the sector's middle half▲ 74.0%
Solvency0.2%below the sector's middle half▼ 4.2pp-3.1%below the sector's middle half▼ 3.3pp-10.9%below the sector's middle half▼ 7.7pp-10.0%below the sector's middle half▲ 0.8pp-14.5%below the sector's middle half▼ 4.4pp
Current ratio1.02within the sector's middle half▼ 0.040.99within the sector's middle half▼ 0.030.95within the sector's middle half▼ 0.050.99within the sector's middle half▲ 0.041.00within the sector's middle half▲ 0.01
Return on assets (ROA)-3.9%below the sector's middle half▼ 1.0pp-3.2%below the sector's middle half▲ 0.6pp-7.7%below the sector's middle half▼ 4.5pp7.8%above the sector's middle half▲ 15.5pp-5.7%below the sector's middle half▼ 13.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, 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
-€40,000-€20,000€0€20,000€40,000Operating result 2021: -€3,670-€3,670Net result 2021: -€11,517-€11,517Operating result 2022: -€5,676-€5,676Net result 2022: -€16,621-€16,621Operating result 2023: -€8,361-€8,361Net result 2023: -€39,513-€39,513Operating result 2024: €35,896€35,896Net result 2024: €24,400€24,400Operating result 2025: €2,259€2,259Net result 2025: -€20,235-€20,23520212022202320242025-€40,000-€20,000€0€20,000€40,000Operating result 2023: -€8,361-€8,360Net result 2023: -€39,513-€39,500Operating result 2024: €35,896€35,900Net result 2024: €24,400€24,400Operating result 2025: €2,259€2,260Net result 2025: -€20,235-€20,200202320242025
The operating result falls in 2025; 2025 is 94% below 2024.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.06▲
2024 · 0.01
Debt to equity
-7.91▲
2024 · -10.97
Debt ≤ 1 year
€356,624▲
2024 · €314,618
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
4.6% went bankrupt
5.5% stopped otherwise
88% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,570 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€311,566€355,831▲
Current assets29/58€311,566€355,831▲
Stocks and contracts in progress3€306,880€334,720▲
Stocks30/36€306,880€334,720▲
Cash at bank and in hand54/58€4,686€21,111▲
Equity and liabilities
Total equity and liabilities10/49€311,566€355,831▲
Equity10/15-€31,247-€51,483▼
Contributions10/11€20,000€20,000=
Outside capital11€20,000€20,000=
Other1109/19€20,000€20,000=
Profit (loss) carried forward14-€51,247-€71,483▼
Amounts payable17/49€342,813€407,314▲
Amounts payable within one year42/48€314,618€356,624▲
Trade debts44€122€128▲
Suppliers440/4€122€128▲
Other amounts payable47/48€314,496€356,496▲
Accrued charges and deferred income492/3€28,195€50,690▲
Income statement Code20242025
Other operating charges640/8€48,758€21,506▼
Gross operating margin9900€84,654€23,765▼
Operating profit (loss)9901€35,896€2,259▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€11,496€22,494▲
Recurring financial charges65€11,496€22,494▲
Profit (loss) for the period before taxes9903€24,400-€20,235▼
Profit (loss) for the period9904€24,400-€20,235▼
Profit (loss) for the period to be appropriated9905€24,400-€20,235▼
Appropriation of the result
Profit (loss) to be appropriated9906-€51,247-€71,483▼
Profit (loss) brought forward from the previous period14P-€75,648-€51,247▲
Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€265€265€375---
Other operating charges640/8€2,107€460€3,171€48,758€21,506▼ 55.9%
Gross operating margin9900-€1,299-€4,951-€4,815€84,654€23,765▼ 71.9%
Operating profit (loss)9901-€3,670-€5,676-€8,361€35,896€2,259▼ 93.7%
Financial income75/76B----€0-
Recurring financial income75----€0-
Financial charges65/66B€7,846€10,945€31,152€11,496€22,494▲ 95.7%
Recurring financial charges65€7,846€10,945€31,152€11,496€22,494▲ 95.7%
Profit (loss) for the period before taxes9903-€11,517-€16,621-€39,513€24,400-€20,235▼ 183%
Profit (loss) for the period9904-€11,517-€16,621-€39,513€24,400-€20,235▼ 183%
Profit (loss) for the period to be appropriated9905-€11,517-€16,621-€39,513€24,400-€20,235▼ 183%
Line20212022202320242025Change
Assets
Total assets20/58€298,951€513,921€512,006€311,566€355,831▲ 14.2%
Formation expenses20€640€375----
Current assets29/58€298,311€513,546€512,006€311,566€355,831▲ 14.2%
Stocks and contracts in progress3€273,535€504,925€506,588€306,880€334,720▲ 9.1%
Stocks30/36€273,535€504,925€506,588€306,880€334,720▲ 9.1%
Amounts receivable within one year40/41€90€1,118----
Other amounts receivable41€90€1,118----
Cash at bank and in hand54/58€24,685€7,503€5,418€4,686€21,111▲ 350%
Equity and liabilities
Total equity and liabilities10/49€298,951€513,921€512,006€311,566€355,831▲ 14.2%
Equity10/15€486-€16,134-€55,648-€31,247-€51,483▼ 64.8%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Outside capital11€20,000€20,000€20,000€20,000€20,000=
Other1109/19€20,000€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€19,514-€36,134-€75,648-€51,247-€71,483▼ 39.5%
Amounts payable17/49€298,464€530,056€567,654€342,813€407,314▲ 18.8%
Amounts payable within one year42/48€292,471€516,963€541,062€314,618€356,624▲ 13.4%
Current portion of amounts payable after more than one year42€200,000-----
Financial debts43--€300,000---
Credit institutions430/8--€300,000---
Trade debts44€1,331€23€115€122€128▲ 4.9%
Suppliers440/4€1,331€23€115€122€128▲ 4.9%
Other amounts payable47/48€91,139€516,939€240,947€314,496€356,496▲ 13.4%
Accrued charges and deferred income492/3€5,994€13,093€26,591€28,195€50,690▲ 79.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€11,517-€16,621-€39,513€24,400-€20,235▼ 183%
+ Depreciation and write-downs630€265€265€375---
Operating cash flow (approximation)-€11,252-€16,356-€39,138€24,400-€20,235▼ 183%
Change in cash--€17,182-€2,085-€732€16,425▲ 2,344%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial Back to profitnet €24,400
Net result €24,400 after 4 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Weakest financial yearnet -€39,513
Net result drops to -€39,513, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
503 m²
Building footprint
426 m²
Volume, LiDAR
6,844 m³
Parcel 31013C0404/00A000, Flanders · tallest building 24.0 m, ±5 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
VVLB
Lippenslaan 101, 8300 Knokke-HeistCivil engineering
since 20192.291.182.956
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31013C0404/00A000 Flanders 503 m² 1 · 426 m² 24.0 m · 5 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.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 272 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
Founded17-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.