VXV
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-04-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 38% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Tangible fixed assets | €2,999 | - |
| Depreciation and write-downs of the year | €497 | €1,000 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €299 awarded · €299 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €299 |
| 2023 | 1 | €299 | €0 |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €497 | €1,000 | ▲ 101% |
| Other operating charges640/8 | €1,040 | €4,317 | ▲ 315% |
| Gross operating margin9900 | €46,731 | €33,186 | ▼ 29.0% |
| Operating profit (loss)9901 | €45,194 | €27,869 | ▼ 38.3% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €50,404 | €33,725 | ▼ 33.1% |
| Recurring financial charges65 | €50,404 | €33,725 | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | -€5,210 | -€5,855 | ▼ 12.4% |
| Income taxes67/77 | €1,524 | - | - |
| Profit (loss) for the period9904 | -€6,734 | -€5,855 | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | -€6,734 | -€5,855 | ▲ 13.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €985,226 | €705,609 | ▼ 28.4% |
| Fixed assets21/28 | €2,502 | €1,502 | ▼ 40.0% |
| Tangible fixed assets22/27 | €2,502 | €1,502 | ▼ 40.0% |
| Furniture and vehicles24 | €2,502 | €1,502 | ▼ 40.0% |
| Current assets29/58 | €982,724 | €704,107 | ▼ 28.4% |
| Stocks and contracts in progress3 | €955,387 | €703,051 | ▼ 26.4% |
| Stocks30/36 | €955,387 | €703,051 | ▼ 26.4% |
| Cash at bank and in hand54/58 | €26,443 | €563 | ▼ 97.9% |
| Deferred charges and accrued income490/1 | €894 | €493 | ▼ 44.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €985,226 | €705,609 | ▼ 28.4% |
| Equity10/15 | -€4,234 | -€10,089 | ▼ 138% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€6,734 | -€12,589 | ▼ 87.0% |
| Amounts payable17/49 | €989,460 | €715,698 | ▼ 27.7% |
| Amounts payable after more than one year17 | €895,700 | €657,200 | ▼ 26.6% |
| Financial debts170/4 | €895,700 | €657,200 | ▼ 26.6% |
| Amounts payable within one year42/48 | €93,760 | €58,098 | ▼ 38.0% |
| Trade debts44 | €2,115 | €14,988 | ▲ 609% |
| Suppliers440/4 | €2,115 | €14,988 | ▲ 609% |
| Taxes, remuneration and social security45 | €246 | €3,831 | ▲ 16× |
| Taxes450/3 | €246 | €3,831 | ▲ 16× |
| Other amounts payable47/48 | €91,399 | €39,280 | ▼ 57.0% |
| Accrued charges and deferred income492/3 | - | €400 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,734 | -€5,855 | ▲ 13.0% |
| + Depreciation and write-downs630 | €497 | €1,000 | ▲ 101% |
| Operating cash flow (approximation) | -€6,237 | -€4,855 | ▲ 22.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€25,880 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as VXV has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VXV itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for VXV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.