VZW OUTER
ActiveVZW OUTER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-9k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 54% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-50
Solvency80▼-14
Growth49▼-3
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 2.82 in 2024; short-term debt: 34.2% and cash: 62.6% of total assets), and 44.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
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
55.1%
Return on assets
-25.5%
Age of the figures
9 mo
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
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 €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
5 d late
2023
6 d late
2022
25 d early
2021
69 d early
2020
40 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€43k▼ 6.8%
2024 · €46k
2020: €37k
2021: €38k
2022: €37k
2023: €62k
2024: €46k
2020 → 2025
EBIT margin
-20.6%▼ 15.7pp
2024 · -4.9%
2020: 26.0%
2021: 18.6%
2022: -17.6%
2023: 27.0%
2024: -4.9%
2020 → 2025
Net result
€-9k▼ 292%
2024 · €-2k
2020: €10k
2021: €7k
2022: €-7k
2023: €17k
2024: €-2k
2020 → 2025
Working capital
€20k▼ 11.5%
2024 · €23k
2020: €13k
2021: €18k
2022: €7k
2023: €22k
2024: €23k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€38k-€37k▼ 1.2%€62k▲ 64.9%€46k▼ 25.8%€43k▼ 6.8%
Equity€21k-€14k▼ 32.3%€31k▲ 118%€28k▼ 7.5%€19k▼ 31.6%
Operating result€7k-€-7k€17k€-2k€-9k▼ 293%
Net result€7k-€-7k€17k€-2k€-9k▼ 292%
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 €9k in 2025 against €2k 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 €35k
Fixed assets
€3k▼ 46.7%
Current assets
€32k▼ 8.7%
Equity and liabilities €35k
Equity
€19k▼ 31.6%
Debt
€16k▲ 25.8%
The debt ratio rises from 30.7% to 44.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €614
Cash flow
€-6k▼
2024 · €566
Solvency
55.1%▼
2024 · 69.3%
Current ratio
2.67▼
2024 · 2.82
Quick ratio
2.63▼
2024 · 2.78
Debt / equity
0.82▲
2024 · 0.44
ROE
-46.3%▼
2024 · -8.1%
ROA
-25.5%▼
2024 · -5.6%
Interest coverage
-38.38▼
2024 · 12.67
Debt
€16k▲
2024 · €13k
Debt ≤ 1 year
€12k▼
2024 · €12k
Staff costs
€37k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€41k€35k▼
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€5k€2k▼
Other tangible fixed assets26€1k€541▼
Current assets29/58€35k€32k▼
Stocks and contracts in progress3€537€523▼
Stocks30/36€537€523▼
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€954€1k▲
Cash at bank and in hand54/58€22k€22k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€41k€35k▼
Equity10/15€28k€19k▼
Profit (loss) carried forward14€28k€19k▼
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€12k€12k▼
Trade debts44-€371
Suppliers440/4-€371
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€9k€10k▲
Accrued charges and deferred income492/3€82€4k▲
Income statement
Code20242025
Turnover70€46k€43k▼
Goods, raw materials, services and sundry goods60/61€9k€20k▲
Remuneration, social security and pensions62€36k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€88€510▲
Gross operating margin9900€37k€32k▼
Operating profit (loss)9901€-2k€-9k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€48€160▲
Recurring financial charges65€48€160▲
Profit (loss) for the period before taxes9903€-2k€-9k▼
Profit (loss) for the period9904€-2k€-9k▼
Profit (loss) for the period to be appropriated9905€-2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€19k▼
Profit (loss) brought forward from the previous period14P€31k€28k▼
The notes to these accounts (5 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Merelbeke-Melle · 1 establishment unit since 2019
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.
Lindestraat 389090 Merelbeke-MelleGround area
717 m²
Building footprint
106 m²
Volume, LiDAR
720 m³
Parcel 44040B0225/00N000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VZW OUTER
since 20192.286.767.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040B0225/00N000 | Flanders | 717 m² | 1 · 106 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 8,534 EUR awarded · 8,534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,534 EUR | 8,534 EUR |
Schemes
Professionele kunsten: Projectsubsidie voor een initiatief van een kunstenaar, een kunstwerker of een kunstenorganisatie (Kunstendecreet 2021)
Professionele kunsten: Tussenkomst in de kosten voor deelname aan een internationaal presentatiemoment (Kunstendecreet 2021)
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Of 2,276 companies in sector 90202 we hold annual accounts for 413. 269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded10-07-2018
Fiscal year end31-12
Abbreviation NL
OUTER
Activities, NACEBEL
90202Performing arts by artistic ensembles
47630Retail trade
47690Retail sale of other cultural and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.