Equity
€171,648 from €524,071 in 2021
Equity fell by 67% in 4 years.
VM Beheer
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1998peak €907,618 (2025)
€907,618▲ 3.3%
lowest -€367,300 (2023)
€93,112▲ 27×
peak €524,071 (2021)
€171,648▲ 119%
€20.5m▼ 0.3%
peak 4 FTE (2014)
0 FTE
Board5 names since 2011
4 directorsJVM INVEST and 3 others
Owners2 names in the annual accounts
100%JVM Invest
Documentsfilings and deeds
23-12-202539 days before the deadline
2025abbreviated format
Result from €3,418 to €93,112Merger proposal: VM Beheer takes over Stonetales Properties NV 13-11Merger proposal: VM Beheer takes over HA@BW 13-11Equity from €78,536 to €171,648Cash from €117,903 to €186,450
Key points
from the 2025 annual accountsResult
€93,112 ▲ 27×
The result rose in 2025 from €3,418 to €93,112.
Debts
€20.5m 99% of the balance sheet
Financial debts 35%Suppliers 0%Taxes and wages 0%Other 65%
Of this, €572,730 falls due within a year.
Filings
28 annual accounts since 1998
Two of the last ten came late. The 2019 accounts came latest: 27 days after the end of the period.
Restructuring
4
4 restructurings since 2025. Latest: merger with PRO - PLAN.
Position in the sector
0.8%
Lower solvency than 81% of companies in real estate. Sector median 30.7% · 11,299 companies.
Checked score
92
Excellent
Financially stronger than 56% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.63, cash €186,450
Equity €171,648 (0.8% of total assets)
lowers risk
Size: total assets €20.7m
Founded in 1997
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, medium-sized). It does better than 16% of them on solvency, 66% on liquidity, 48% on profitability and 94% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 208 companies had the same profile as VM Beheer has now. Each dot is one company, two years later.
99.0%
were still trading
0.0%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VM Beheer itself: 0.1% 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 208 companies, not a prediction for VM Beheer. 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 €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.63 (1.18 in 2024), above the usual 1.5. Short-term debt is 2.8% and cash 0.9% of total assets. However, 99.2% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €171,648
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 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
8 days early
2023
on the day
2022
on the day
2021
on the day
2020
2 days early
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days before 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 financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (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
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- JVM Invest 100%equity €27.3m (2025) · 30-09-2025 annual accounts of JVM Invest
Shares in 5 companies, including HA@BW and PRO - PLAN
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460462760
Merger: VM Beheer takes over PRO - PLAN
The company holds all the shares of PRO - PLAN · General meeting of 30-03-2026 · Gazette deed
Merger: VM Beheer takes over STRUKT-INVEST
The company holds all the shares of STRUKT-INVEST · General meeting of 30-03-2026 · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies and 2 more · Gent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VM Beheer Oudenaarde | €20.7m | €0.9m | 0.8% | 0 |
| AMHERST CONSULTING Leuven | €16.0m | €1.0m | 17.6% | 0 |
| POULEYN IMMO Anzegem | €15.3m | €0.8m | 62.3% | 0 |
| CARE ITAL Soignies | €16.0m | €0.7m | 21.5% | 0 |
| W.L. IMMO Herenthout | €16.6m | €1.2m | 16.7% | 0.1 |
| KEROBE Knokke-Heist | €21.4m | €1.2m | 29.4% | 0.1 |
| Partner Maldegem | €15.1m | €1.7m | 31.4% | 0 |
These companies have the same main activity as VM Beheer: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €15m and €21m, founded between 1985 and 2000.
Official details
Source: KBO- Status
- Active since 11-04-1997Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 2 others
- Establishment unit
- 2.081.578.8249700 Oudenaarde, since 24-04-1997
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- ≈ €2.2mestimated
- €20.7m▲ 0.1%
- Filing
- Filed on 23-12-2025, 39 days before the end of the filing period
Companies linked to VM Beheer
Subsidiaries and holdings
Insights on VM Beheer
VM Beheer files the abbreviated format. That format states no turnover. The gross margin rose from €100,944 in 2007 to €907,618 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
JVM Invest holds all the shares.
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 VM Beheer
- What is the company number of VM Beheer?
- The company number of VM Beheer is 0460.462.760. The VAT number is the same number with BE in front: BE 0460.462.760.
- Where is VM Beheer based?
- The registered office is at Kleistraat 3, 9700 Oudenaarde.Company details
- What does VM Beheer do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of VM Beheer?
- VM Beheer is a private limited company (BV).
- When was VM Beheer founded?
- VM Beheer was founded on 11-04-1997.
- Is VM Beheer still active?
- Yes, VM Beheer is an active enterprise in the KBO register.
- How many employees does VM Beheer have?
- VM Beheer had an average of 0.5 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of VM Beheer?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €907,618 and 30 comparable companies (NACE 683). It probably lies between €1.6m and €2.9m.
- Is VM Beheer profitable?
- In financial year 2025, VM Beheer made a profit of €93,112.
- Where can I find the annual accounts of VM Beheer?
- VM Beheer filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VM Beheer due?
- VM Beheer must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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