Losses
-€60,994 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
VZION
Lifetime
6 annual accounts with figures on one time axispeak €54,532 (2021)
€44,537▲ 19.4%
lowest -€38,306 (2020)
-€34,038▼ €20,146
peak €171,906 (2023)
€123,976▼ 21.5%
€995,585▲ 136%
Board3 names since 2019
2 directorsDE SOUZA MILHOMEM,Áriston Buran and 1 other
Documentsfilings and deeds
22-08-202622 days late
2025micro format
Gross margin from €37,292 to €44,537Loss of €34,038Equity from €158,014 to €123,976Debts from €422,229 to €995,585Investments €573,918Cash from €521 to €2,920
Key points
from the 2025 annual accountsTurnover
≈ €73,000 estimated
The micro format states no turnover.
Debts
€995,585 89% of the balance sheet
Financial debts 80%Suppliers 1%Taxes and wages 0%Other 19%
Of this, €203,136 falls due within a year.
Investments
€573,918 15.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 88.5% higher than in 2024.
Filings
6 annual accounts 6 late
The 2020 accounts came latest: 90 days after the end of the period.
Position in the sector
-€34,038
Lower net result than 89% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
67
Healthy
Financially stronger than 29% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 2.4%▲ +0.8 percentage points vs 07-2025highest value
09-2025: 1.1%▼ -1.3 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.0%▼ -0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 0.7%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.02, cash €2,920
Last filed accounts filed 22 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €1.1m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 32% of them on solvency, 40% on liquidity, 22% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 748 companies had the same profile as VZION has now. Each dot stands for 2 companies, two years later.
96.7%
were still trading
1.9%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VZION itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 748 companies, not a prediction for VZION. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.03 in 2024), below 1. Short-term debt is 18.1% and cash 0.3% of total assets. 88.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€34,038
raises risk · 2025 accounts filed 22 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
22 days late
2024
26 days late
2023
85 days late
2022
31 days late
2021
60 days late
2020
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 52 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DS
De Souza Milhomen Yuri
Director, since 17-06-2019
- DE SOUZA MILHOMEM Yuri Amon-Rá founderdeed of 19-06-2019
- DE SOUZA MILHOMEM Áriston Buran founderdeed of 19-06-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0728540769
Registered office moved from Forest to Uccle
New registered office: Avenue Winston Churchill 2, 1180 UCCLE · Previous registered office: Avenue Jupiter 187, 1190 FOREST · General meeting of 11-07-2023 · Gazette deed
Incorporation
Founders: DE SOUZA MILHOMEM Yuri Amon-Rá and DE SOUZA MILHOMEM Áriston Buran · Founding capital of €10,000, 100 shares · Appointments: DE SOUZA MILHOMEM Yuri Amon-Rá (director) and DE SOUZA MILHOMEM Áriston Buran (director) · published on 19-06-2019 · Gazette deed
First establishment
Jupiterlaan 187, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VZION Uccle | €1.1m | €44,537 | 11.1% | - |
| DOMUS HJ 109 Woluwe-Saint-Pierre | €1.3m | €42,514 | -20.4% | - |
| SERECO Antwerp | €1.0m | €44,408 | 21.1% | - |
| TEMPES Diest | €1.3m | €42,399 | 10.6% | - |
| DE BELVA INVEST Wavre | €1.0m | €38,716 | 33.3% | - |
| SOPHIL INVEST Poperinge | €1.2m | €49,738 | 4.8% | - |
| GOLDEN SET Destelbergen | €1.0m | €56,439 | 5.1% | - |
These companies have the same main activity as VZION: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1m and €1.3m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 17-06-2019Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.290.311.0451190 Forest, since 17-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Insights on VZION
VZION files the micro format. That format states no turnover. The gross margin rose from -€10,171 in 2020 to €44,537 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VZION
- What is the company number of VZION?
- The company number of VZION is 0728.540.769. The VAT number is the same number with BE in front: BE 0728.540.769.
- Where is VZION based?
- The registered office is at Winston Churchilllaan 2, 1180 Uccle.Company details
- What does VZION do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of VZION?
- VZION is a private limited company (BV).
- When was VZION founded?
- VZION was founded on 17-06-2019.
- Is VZION still active?
- Yes, VZION is an active enterprise in the KBO register.
- What is the turnover of VZION?
- The turnover in financial year 2025 is ≈ €73,000. This figure is estimated from the gross margin of €44,537 and 51 comparable companies (NACE 682). It probably lies between €54,000 and €110,000.Financials
- Is VZION profitable?
- In financial year 2025, VZION made a loss of €34,038.
- Where can I find the annual accounts of VZION?
- VZION filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VZION due?
- VZION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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