IGOR VDM
ActiveSummary
IGOR VDM has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €3k. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-43
Solvency85▼-4
Growth78=
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.63 in 2024; short-term debt: 40% and cash: 14.2% of total assets), and 40% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
60%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
2 d early
2023
63 d early
← 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
€21k▲ 19.3%
2024 · €18k
Total assets
€35k▲ 26.4%
2024 · €28k
Net result
€3k▼ 70.9%
2024 · €12k
Working capital
€10k▲ 60.4%
2024 · €6k
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
Line202320242025
Operating result€-4k-€19k€8k▼ 54.8%
Net result€-4k-€12k€3k▼ 70.9%
Equity€6k-€18k▲ 196%€21k▲ 19.3%
Total assets€11k-€28k▲ 155%€35k▲ 26.4%
Debt€5k-€10k▲ 105%€14k▲ 38.9%
Working capital€-4k-€6k€10k▲ 60.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€11k ▼ 4.1%
Current assets
€25k ▲ 47.2%
Equity and liabilities €35k
Equity
€21k ▲ 19.3%
Debt
€14k ▲ 38.9%
Debt's share of the balance-sheet total rises from 36.4% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €19k
Cash flow
€4k▼
2024 · €12k
Current ratio
1.73▲
2024 · 1.63
Debt to equity
0.67▲
2024 · 0.57
ROE
16.1%▼
2024 · 66.2%
ROA
9.7%▼
2024 · 42.1%
Interest coverage
2.66▼
2024 · 5.50
Debt ≤ 1 year
€14k▲
2024 · €10k
Income taxes
€2k▼
2024 · €3k
Staff costs
€413
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €413 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €33 | €467 | ▲ 1,304% |
| Other operating charges640/8 | - | - | €150 | - |
| Gross operating margin9900 | €-4k | €19k | €9k | ▼ 49.4% |
| Operating profit (loss)9901 | €-4k | €19k | €8k | ▼ 54.8% |
| Financial income75/76B | - | €101 | €219 | ▲ 118% |
| Recurring financial income75 | - | €101 | €219 | ▲ 118% |
| Financial charges65/66B | - | €3k | €3k | ▼ 1.6% |
| Recurring financial charges65 | - | €3k | €3k | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €-4k | €15k | €5k | ▼ 65.5% |
| Income taxes67/77 | - | €3k | €2k | ▼ 47.0% |
| Profit (loss) for the period9904 | €-4k | €12k | €3k | ▼ 70.9% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €12k | €3k | ▼ 70.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11k | €28k | €35k | ▲ 26.4% |
| Fixed assets21/28 | €10k | €11k | €11k | ▼ 4.1% |
| Tangible fixed assets22/27 | - | €1k | €901 | ▼ 34.1% |
| Furniture and vehicles24 | - | €1k | €901 | ▼ 34.1% |
| Financial fixed assets28 | €10k | €10k | €10k | = |
| Current assets29/58 | €1k | €17k | €25k | ▲ 47.2% |
| Amounts receivable within one year40/41 | €756 | €3k | €19k | ▲ 477% |
| Trade receivables40 | - | - | €12k | - |
| Other amounts receivable41 | €756 | €3k | €7k | ▲ 119% |
| Cash at bank and in hand54/58 | €250 | €11k | €5k | ▼ 54.8% |
| Deferred charges and accrued income490/1 | - | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11k | €28k | €35k | ▲ 26.4% |
| Equity10/15 | €6k | €18k | €21k | ▲ 19.3% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-4k | €8k | €11k | ▲ 43.8% |
| Amounts payable17/49 | €5k | €10k | €14k | ▲ 38.9% |
| Amounts payable within one year42/48 | €5k | €10k | €14k | ▲ 38.9% |
| Trade debts44 | €5k | €0 | €3k | - |
| Suppliers440/4 | €5k | €0 | €3k | - |
| Taxes, remuneration and social security45 | - | €10k | €12k | ▲ 13.5% |
| Taxes450/3 | - | €10k | €12k | ▲ 13.5% |
| Other amounts payable47/48 | €209 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €12k | €3k | ▼ 70.9% |
| + Depreciation and write-downs630 | - | €33 | €467 | ▲ 1,304% |
| Operating cash flow (approximation) | €-4k | €12k | €4k | ▼ 67.1% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €11k | €-6k | ▼ 156% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 1.63
Current ratio from 0.20 to 1.63.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
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, Beersel · 1 establishment unit since 2023
Ground area
4,005 m²
Building footprint
909 m²
Volume, LiDAR
14,001 m³
2 parcels, Brussels, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IGOR VDM
since 20232.352.633.842
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0297/00Z003 | Brussels | 3,755 m² | 1 · 831 m² | 19.9 m · 5 fl. |
| 23046A0015/00X007 | Flanders | 250 m² | 1 · 78 m² | 10.5 m · 3 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.
Similar companies · same sector, comparable size
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BLUMIND
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 31,228 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
Founded04-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.