VZION
ActiveSummary
VZION has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €-34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-11
Solvency36▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 18.1% and cash: 0.3% of total assets), and 88.9% of the assets are financed with debt.
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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 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-34k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 filingsDeviation from the deadline
2025
22 d late
2024
26 d late
2023
85 d late
2022
31 d late
2021
60 d late
2020
90 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k▼ 21.5%
2024 · €158k
Total assets
€1.12M▲ 92.9%
2024 · €580k
Net result
€-34k▼ 145%
2024 · €-14k
Working capital
€-200k▼ 755%
2024 · €-23k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18k€5k▼ 72.4%€9k▲ 71.8%€-919€-2k▼ 141%
Net result€5k€-11k€-2k▲ 79.7%€-14k▼ 530%€-34k▼ 145%
Equity€-24k▲ 16.8%€-34k▼ 46.1%€172k€158k▼ 8.1%€124k▼ 21.5%
Total assets€456k▲ 1.8%€435k▼ 4.6%€616k▲ 41.4%€580k▼ 5.7%€1.12M▲ 92.9%
Debt€480k▲ 0.7%€470k▼ 2.1%€444k▼ 5.5%€422k▼ 4.8%€996k▲ 136%
Working capital€-13k▲ 11.0%€-22k€-23k▼ 4.3%€-200k▼ 755%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €919 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€1.12M ▲ 92.6%
Current assets
€3k ▲ 323%
Equity and liabilities €1.12M
Equity
€124k ▼ 21.5%
Debt
€996k ▲ 136%
Debt's share of the balance-sheet total rises from 72.8% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €31k
Cash flow
€3k▼
2024 · €18k
Current ratio
0.02▼
2024 · 0.03
Debt to equity
8.03▲
2024 · 2.67
ROE
-27.5%▼
2024 · -8.8%
ROA
-3.0%▼
2024 · -2.4%
Interest coverage
1.10▼
2024 · 2.37
Debt ≤ 1 year
€203k▲
2024 · €24k
Debt > 1 year
€792k▲
2024 · €398k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €38k | €33k | €32k | €37k | ▲ 17.7% |
| Other operating charges640/8 | €8k | €6k | €2k | €6k | €10k | ▲ 51.4% |
| Non-recurring operating charges66A | - | - | - | €300 | - | - |
| Gross operating margin9900 | €55k | €49k | €44k | €37k | €45k | ▲ 19.4% |
| Operating profit (loss)9901 | €18k | €5k | €9k | €-919 | €-2k | ▼ 141% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €14k | €16k | €11k | €13k | €32k | ▲ 145% |
| Recurring financial charges65 | €14k | €16k | €11k | €13k | €32k | ▲ 145% |
| Profit (loss) for the period before taxes9903 | €5k | €-11k | €-2k | €-14k | €-34k | ▼ 145% |
| Profit (loss) for the period9904 | €5k | €-11k | €-2k | €-14k | €-34k | ▼ 145% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-11k | €-2k | €-14k | €-34k | ▼ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €456k | €435k | €616k | €580k | €1.12M | ▲ 92.9% |
| Formation expenses20 | €42k | €37k | €37k | - | - | - |
| Fixed assets21/28 | €413k | €398k | €574k | €579k | €1.12M | ▲ 92.6% |
| Intangible fixed assets21 | €8k | €5k | €3k | €32k | €94k | ▲ 196% |
| Tangible fixed assets22/27 | €406k | €393k | €571k | €548k | €1.02M | ▲ 86.6% |
| Land and buildings22 | €362k | €352k | €552k | €542k | €1.02M | ▲ 88.5% |
| Other tangible fixed assets26 | €44k | €41k | €20k | €5k | - | - |
| Current assets29/58 | €353 | - | €5k | €821 | €3k | ▲ 323% |
| Amounts receivable within one year40/41 | - | - | €2k | €300 | €548 | ▲ 82.5% |
| Trade receivables40 | - | - | - | €0 | - | - |
| Other amounts receivable41 | - | - | €2k | €300 | €548 | ▲ 82.5% |
| Cash at bank and in hand54/58 | €353 | - | €3k | €521 | €3k | ▲ 461% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €456k | €435k | €616k | €580k | €1.12M | ▲ 92.9% |
| Equity10/15 | €-24k | €-34k | €172k | €158k | €124k | ▼ 21.5% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Capital10 | €10k | - | - | - | - | - |
| Issued capital100 | €10k | - | - | - | - | - |
| Revaluation surpluses12 | - | - | €209k | €209k | €209k | = |
| Profit (loss) carried forward14 | €-34k | €-44k | €-47k | €-60k | €-95k | ▼ 56.3% |
| Amounts payable17/49 | €480k | €470k | €444k | €422k | €996k | ▲ 136% |
| Amounts payable after more than one year17 | €466k | €435k | €417k | €398k | €792k | ▲ 99.1% |
| Financial debts170/4 | €466k | €435k | €417k | €398k | €792k | ▲ 99.1% |
| Amounts payable within one year42/48 | €13k | €35k | €27k | €24k | €203k | ▲ 740% |
| Current portion of amounts payable after more than one year42 | €5k | €20k | €18k | €19k | €22k | ▲ 15.5% |
| Financial debts43 | - | €904 | - | - | - | - |
| Credit institutions430/8 | - | €904 | - | - | - | - |
| Trade debts44 | €8k | €8k | - | €5k | €13k | ▲ 179% |
| Suppliers440/4 | €8k | €8k | - | €5k | €13k | ▲ 179% |
| Taxes, remuneration and social security45 | - | - | - | €300 | €300 | = |
| Taxes450/3 | - | - | - | €300 | €300 | = |
| Other amounts payable47/48 | €456 | €6k | €9k | €516 | €168k | ▲ 32,501% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-11k | €-2k | €-14k | €-34k | ▼ 145% |
| + Depreciation and write-downs630 | €28k | €38k | €33k | €32k | €37k | ▲ 17.7% |
| Operating cash flow (approximation) | €33k | €27k | €31k | €18k | €3k | ▼ 81.9% |
| Investment in fixed assets (approximation) | - | €-23k | €-209k | €-37k | €-574k | ▼ 1,452% |
| Change in cash | - | - | - | €-2k | €2k | ▲ 206% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Equity above €150kEq €172k
Equity rises from €-34k to €172k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 2019
Ground area
1,611 m²
Building footprint
601 m²
Volume, LiDAR
15,388 m³
2 parcels, Brussels · tallest building 29.9 m, ±9 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
VZION
since 20192.290.311.045
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0049/00H011 | Brussels | 1,088 m² | 1 · 245 m² | 29.9 m · 9 fl. |
| 21618B0276/00D040 | Brussels | 523 m² | 1 · 355 m² | 28.6 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,405 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
Founded17-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail
yuri.milhomem@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.