VZ
ActiveSummary
VZ has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335k and a net result of €15k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-18
Solvency100▲+7
Growth39=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.45 against 3.67 in 2024; short-term debt: 14.6% and cash: 61.4% of total assets), and 23.3% of the assets are financed with debt.
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 · 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.7%
Return on assets
3.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d late
2023
2 d early
2022
2 d late
2021
on the day
2020
2 d early
2019
13 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€733k▲ 29.3%
2021 · €567k
2020: €830k
2021: €567k
2020 → 2022
EBIT margin
10.0%▲ 10.3pp
2021 · -0.3%
2020: 15.5%
2021: -0.3%
2020 → 2022
Net result
€15k▼ 81.4%
2024 · €83k
2019: €98k
2020: €94k
2021: €-4k
2022: €57k
2023: €29k
2024: €83k
2019 → 2025
Working capital
€283k▼ 0.2%
2024 · €284k
2019: €105k
2020: €173k
2021: €140k
2022: €177k
2023: €212k
2024: €284k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€567k-€733k▲ 29.3%
Equity€204k-€229k▲ 12.4%€258k▲ 12.5%€319k▲ 24.0%€335k▲ 4.8%
Operating result€-2k-€73k€40k▼ 45.9%€114k▲ 187%€24k▼ 79.1%
Net result€-4k-€57k€29k▼ 49.8%€83k▲ 190%€15k▼ 81.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €436k
Fixed assets
€89k ▲ 8.4%
Current assets
€347k ▼ 11.1%
Equity and liabilities €436k
Equity
€335k ▲ 4.8%
Provisions
€33k =
Debt
€69k ▼ 42.9%
Debt's share of the balance-sheet total falls from 25.5% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €141k
Cash flow
€45k▼
2024 · €110k
Current ratio
5.45▲
2024 · 3.67
Debt to equity
0.21▼
2024 · 0.38
ROE
4.6%▼
2024 · 26.0%
ROA
3.5%▼
2024 · 17.6%
Interest coverage
18.39▼
2024 · 45.75
Debt ≤ 1 year
€64k▼
2024 · €106k
Debt > 1 year
€5k▼
2024 · €14k
Income taxes
€5k▼
2024 · €28k
Staff costs
€59k▲
2024 · €56k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€473k€436k▼
Fixed assets21/28€82k€89k▲
Tangible fixed assets22/27€80k€87k▲
Land and buildings22€68k€48k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€11k€38k▲
Financial fixed assets28€2k€2k=
Current assets29/58€390k€347k▼
Amounts receivable within one year40/41€12k€65k▲
Trade receivables40€11k€52k▲
Other amounts receivable41€690€13k▲
Cash at bank and in hand54/58€365k€268k▼
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€473k€436k▼
Equity10/15€319k€335k▲
Contributions10/11€19k€19k=
Reserves13€106k€121k▲
Non-distributable reserves130/1€42k€57k▲
Reserves not available under the articles1311€42k€57k▲
Tax-exempt reserves132€9k€9k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€195k€195k=
Provisions and deferred taxes16€33k€33k=
Provisions for liabilities and charges160/5€33k€33k=
Other liabilities and charges164/5€33k€33k=
Amounts payable17/49€120k€69k▼
Amounts payable after more than one year17€14k€5k▼
Financial debts170/4€14k€5k▼
Amounts payable within one year42/48€106k€64k▼
Current portion of amounts payable after more than one year42€13k€22k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€37k€8k▼
Taxes450/3€32k€6k▼
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€51k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€56k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€30k▲
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€58-
Gross operating margin9900€202k€116k▼
Operating profit (loss)9901€114k€24k▼
Financial income75/76B€103€1▼
Recurring financial income75€103€1▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€111k€21k▼
Income taxes67/77€28k€5k▼
Profit (loss) for the period9904€83k€15k▼
Profit (loss) for the period to be appropriated9905€83k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€210k▼
Profit (loss) brought forward from the previous period14P€151k€195k▲
Transfer from equity791/2€12k-
Transfer to equity691/2€30k€15k▼
To other reserves6921€30k€15k▼
Profit to be distributed694/7€21k-
Return on contributions (dividend)694€21k-
The notes to these accounts (7 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-06
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-4k ▼104%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200kEq €234k ▲21.1%
2 profitable years in a row build equity to €234k.
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ukkel · 1 establishment unit since 2005
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.
Drogenbossesteenweg 541180 UkkelGround area
302 m²
Building footprint
182 m²
Volume, LiDAR
872 m³
Parcel 21616G0393/00G003, Brussels · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VZ
since 20052.151.413.676
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0393/00G003 | Brussels | 302 m² | 1 · 181 m² | 11.2 m · 1 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.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,631 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
Founded10-02-2005
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
43990Other specialised construction activities
43343Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.