Summary
VVM Master has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €46k and a net result of €2k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 2276 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
19 d late
2023
6 d early
2022
14 d early
2021
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€46k▲ 5.0%
2024 · €43k
2021: €33k
2022: €40k
2023: €35k
2024: €43k
2021 → 2025
Total assets
€2.24M▲ 5.9%
2024 · €2.12M
2021: €980k
2022: €1.65M
2023: €1.71M
2024: €2.12M
2021 → 2025
Net result
€2k▼ 73.4%
2024 · €8k
2021: €3k
2022: €286k
2023: €-4k
2024: €8k
2021 → 2025
Working capital
€24k▼ 86.0%
2024 · €173k
2021: €307k
2022: €-193k
2023: €135k
2024: €173k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€40k▲ 18.2%€35k▼ 10.9%€43k▲ 23.4%€46k▲ 5.0%
Operating result€27k-€311k▲ 1,053%€22k▼ 93.1%€59k▲ 173%€55k▼ 6.8%
Net result€3k-€286k▲ 8,239%€-4k€8k€2k▼ 73.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.24M
Fixed assets
€1.93M ▲ 15.9%
Current assets
€313k ▼ 31.0%
Equity and liabilities €2.24M
Equity
€46k ▲ 5.0%
Debt
€2.20M ▲ 5.9%
Debt's share of the balance-sheet total stays at 98.0%.
Key figures and ratios
ROE
4.8%▼
2024 · 19.0%
ROA
0.1%▼
2024 · 0.4%
Debt ≤ 1 year
€289k▲
2024 · €280k
Debt > 1 year
€1.91M▲
2024 · €1.80M
Income taxes
€2k▼
2024 · €7k
Staff costs
€218k▲
2024 · €208k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.12M€2.24M▲
Fixed assets21/28€1.67M€1.93M▲
Intangible fixed assets21€11k€36k▲
Tangible fixed assets22/27€120k€84k▼
Plant, machinery and equipment23€27k€19k▼
Furniture and vehicles24€85k€63k▼
Leasing and similar rights25€6k€1k▼
Other tangible fixed assets26€2k€321▼
Financial fixed assets28€1.54M€1.81M▲
Current assets29/58€453k€313k▼
Amounts receivable within one year40/41€339k€239k▼
Trade receivables40€314k€238k▼
Other amounts receivable41€25k€541▼
Cash at bank and in hand54/58€99k€62k▼
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.24M▲
Equity10/15€43k€46k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€13k€16k▲
Amounts payable17/49€2.08M€2.20M▲
Amounts payable after more than one year17€1.80M€1.91M▲
Financial debts170/4€322k€375k▲
Other amounts payable178/9€1.47M€1.53M▲
Amounts payable within one year42/48€280k€289k▲
Current portion of amounts payable after more than one year42€93k€118k▲
Trade debts44€114k€59k▼
Suppliers440/4€114k€59k▼
Taxes, remuneration and social security45€73k€49k▼
Taxes450/3€40k€27k▼
Remuneration and social security454/9€33k€22k▼
Other amounts payable47/48-€62k
Accrued charges and deferred income492/3€66€456▲
Income statement
Code20242025
Non-recurring operating income76A€5k€7k▲
Remuneration, social security and pensions62€208k€218k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€57k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€322k€343k▲
Operating profit (loss)9901€59k€55k▼
Financial income75/76B€25k€26k▲
Recurring financial income75€25k€26k▲
Financial charges65/66B€68k€76k▲
Recurring financial charges65€68k€76k▲
Profit (loss) for the period before taxes9903€16k€5k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€8k€2k▼
Profit (loss) for the period to be appropriated9905€8k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€16k▲
Profit (loss) brought forward from the previous period14P€5k€13k▲
Social balance
Average headcount (FTE)90874.13.8▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼102%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.61 to 1.66; short-term debt falls from €491k to €203k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €286k ▲8239%
Operating result €311k, net result €286k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tielt · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Janstraat 1858700 TieltGround area
2,851 m²
Building footprint
848 m²
Volume, LiDAR
8,528 m³
Parcel 37302E0519/00W000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VVM Master
since 20202.310.204.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0519/00W000 | Flanders | 2,851 m² | 1 · 848 m² | 15.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 3 entries · 6,658 EUR awarded · 6,658 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,933 EUR | 1,933 EUR |
| 2024 | 1 | 1,965 EUR | 1,965 EUR |
| 2023 | 1 | 2,760 EUR | 2,760 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 2,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.