VVM Westhoek
ActiveSummary
VVM Westhoek has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-324k) and a net result of €-34k. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 30.36 against 5.69 in 2024; short-term debt: 2% and cash: 13.5% of total assets), but equity is negative.
Credit check for your own amount and term
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 dateAge against the risk zone
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
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
-342.2%
Return on assets
-35.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-324k
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
24 d early
2023
6 d early
2022
28 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
€-324k▼ 11.6%
2024 · €-290k
2021: €-141k
2022: €-98k
2023: €-254k
2024: €-290k
2021 → 2025
Total assets
€95k▼ 22.9%
2024 · €123k
2021: €175k
2022: €242k
2023: €138k
2024: €123k
2021 → 2025
Net result
€-34k▲ 6.0%
2024 · €-36k
2021: €-161k
2022: €42k
2023: €-156k
2024: €-36k
2021 → 2025
Working capital
€56k▼ 3.4%
2024 · €58k
2021: €49k
2022: €56k
2023: €19k
2024: €58k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-141k-€-98k▲ 30.0%€-254k▼ 158%€-290k▼ 14.1%€-324k▼ 11.6%
Operating result€-148k-€-18k▲ 87.7%€-145k▼ 697%€-22k▲ 85.2%€-17k▲ 19.3%
Net result€-161k-€42k€-156k€-36k▲ 77.0%€-34k▲ 6.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €22k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€36k ▼ 30.0%
Current assets
€58k ▼ 17.7%
Key figures and ratios
EBITDA
€-2k▲
2024 · €-5k
Cash flow
€-18k▲
2024 · €-20k
Solvency
-342.2%▼
2024 · -236.4%
Current ratio
30.36▲
2024 · 5.69
Debt to equity
-1.29▲
2024 · -1.42
ROA
-35.6%▼
2024 · -29.2%
Interest coverage
-0.11▲
2024 · -0.37
Debt
€418k▲
2024 · €413k
Debt ≤ 1 year
€2k▼
2024 · €12k
Debt > 1 year
€416k▲
2024 · €400k
Income taxes
€0▼
2024 · €62
Staff costs
€0▼
2024 · €16k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€123k€95k▼
Fixed assets21/28€52k€36k▼
Tangible fixed assets22/27€49k€33k▼
Furniture and vehicles24€7k€82▼
Other tangible fixed assets26€42k€33k▼
Financial fixed assets28€3k€3k=
Current assets29/58€71k€58k▼
Amounts receivable within one year40/41€17k€0▼
Trade receivables40€16k€0▼
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€16k€13k▼
Deferred charges and accrued income490/1€38k€46k▲
Equity and liabilities
Total equity and liabilities10/49€123k€95k▼
Equity10/15€-290k€-324k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-310k€-344k▼
Amounts payable17/49€413k€418k▲
Amounts payable after more than one year17€400k€416k▲
Other amounts payable178/9€400k€416k▲
Amounts payable within one year42/48€12k€2k▼
Trade debts44€12k€310▼
Suppliers440/4€12k€310▼
Taxes, remuneration and social security45€62€2k▲
Taxes450/3€62€2k▲
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€125€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€16k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€631€593▼
Gross operating margin9900€11k€-1k▼
Operating profit (loss)9901€-22k€-17k▲
Financial charges65/66B€14k€16k▲
Recurring financial charges65€14k€16k▲
Profit (loss) for the period before taxes9903€-36k€-34k▲
Income taxes67/77€62€0▼
Profit (loss) for the period9904€-36k€-34k▲
Profit (loss) for the period to be appropriated9905€-36k€-34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-310k€-344k▼
Profit (loss) brought forward from the previous period14P€-274k€-310k▼
Social balance
Average headcount (FTE)90870.20.0▼
The notes to these accounts (11 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
31-12
Financial
Liquidity times 5current ratio 30.36
Current ratio from 5.69 to 30.36; short-term debt falls from €12k to €2k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 5.69
Current ratio from 1.36 to 5.69; short-term debt falls from €52k to €12k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
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
3 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 Westhoek
since 20202.315.105.631
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.
Similar companies · same sector and region
All Interior & Co Mts
BE 1040.831.279
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AXPROMO
BE 0790.290.672
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BOGAMI
BE 0686.601.929
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COMICASA
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Tielt
COVAZE
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Tielt
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ann@vlaemynck.be
Phone:051794070