Debts
€215,487 ▲ 106%
Debts rose by €111,012 in 2025.
VAI GROUP Belgium
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2004peak €130,669 (2013)
€52,066▲ 59.6%
lowest -€104,667 (2012)
€31,185▲ 127%
peak €145,562 (2021)
€116,563▲ 36.5%
€215,487▲ 106%
peak 0.1 FTE (2013)
-not published
Board9 names since 2017
2 directorsMichel Houthuys and 1 other
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €32,625 to €52,066Result from €13,733 to €31,185Company renamed from M.H.Consulting to VAIGROUPBelgium 30-05Equity from €85,378 to €116,563Debts from €104,475 to €215,487Cash from €548 to €12,565
Key points
from the 2025 annual accountsInvestments
€11,226 6.0 × depreciation
Green is investment, beige is depreciation.
Board
1 left
A director left. Latest change 06-05-2026 · 1 in office.
Checked score
70
Healthy
Financially stronger than 46% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.7%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.3 percentage points vs 03-2025lowest value
05-2025: 0.3%● unchanged vs 04-2025lowest value
06-2025: 0.9%▲ +0.6 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.0%▼ -0.1 percentage points vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▲ +0.6 percentage points vs 04-2026
06-2026: 2.3%▲ +0.6 percentage points vs 05-2026
07-2026: 3.7%▲ +1.4 percentage points vs 06-2026
08-2026: 3.8%▲ +0.1 percentage points vs 07-2026
09-2026: 4.1%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.6%▼ -3.5 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.52, cash €12,565
lowers risk
Figures for financial year 2025 (filed on 30-06-2026)
Founded in 2003
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 46, micro). It does better than 44% of them on solvency, 20% on liquidity and 73% on profitability.
The bankruptcy probability was computed on 07-11-2026 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, 31,368 companies had the same profile as VAI GROUP Belgium has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAI GROUP Belgium itself: 0.6% 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 31,368 companies, not a prediction for VAI GROUP Belgium. 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 ample, with a current ratio of 1.52 (1.46 in 2024), above the usual 1.5. Short-term debt is 63.5% and cash 3.8% of total assets. However, 64.9% 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 riskneutral
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 €116,563
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
41 days early
2023
on the day
2022
5 days early
2021
40 days early
2020
154 days late
2019
61 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 14 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Arturas Jurevicius (director)
Director discharge: Arturas Jurevicius · General meeting of 06-05-2026 · Gazette deed
Company renamed from M.H.Consulting to VAIGROUPBelgium
Resignations: HOUTHUYS MichelMarcelJoséphine (director) and JUREVICIUS Arturas (director) · Reappointments: HOUTHUYS MichelMarcelJoséphine (director) and JUREVICIUS Arturas (director) · Appointments: VAICIKAS Bronius (director) and VAICIKAS Deividas (director) · General meeting of 19-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0862248440
Resignation: Feniks MC BV (director)
Permanent representative: Mark Piessens · General meeting of 02-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAI GROUP Belgium Maasmechelen | €332,050 | €52,066 | 35.1% | - |
| CRAZY GIFTS Genk | €256,644 | €45,168 | 90.0% | - |
| REDIJAN NEW De Haan | €373,055 | €50,958 | 29.3% | - |
| MD Design by Françoise Bonjean Huy | €290,882 | €45,669 | 73.5% | - |
| MDM PARTNERS IN BUSINESS Sint-Truiden | €239,632 | €69,926 | 72.9% | - |
| OPTICAL VISION Zonhoven | €457,396 | €39,661 | 72.8% | 0.7 |
| BEWOOD Verviers | €411,753 | €63,362 | -86.7% | - |
These companies have the same main activity as VAI GROUP Belgium: wholesale of other household goods (NACE 46499). They are comparable in size and age: total assets between €240,000 and €457,000, founded between 1999 and 2005.
Official details
Source: KBO- Status
- Active since 27-06-2003Normal situation
- Activity
- Wholesale of other household goodsNACE 46499and 2 others
- Establishment unit
- 2.134.415.4173630 Maasmechelen, since 07-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2024
Annual accounts 2025
- ≈ €200,000estimated
- €332,050
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on VAI GROUP Belgium
VAI GROUP Belgium files the abbreviated format. That format states no turnover. The gross margin rose from €4,256 in 2007 to €52,066 in 2025.
In May 2025, the Official Gazette published the appointment of HOUTHUYSMichelMarcelJoséphine as managing director.
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 VAI GROUP Belgium
- What is the company number of VAI GROUP Belgium?
- The company number of VAI GROUP Belgium is 0862.248.440. The VAT number is the same number with BE in front: BE 0862.248.440.
- Where is VAI GROUP Belgium based?
- The registered office is at Breitwaterstraat 13, 3630 Maasmechelen.Company details
- What does VAI GROUP Belgium do?
- According to the KBO register, the main activity is wholesale of other household goods (NACE 46499).
- What is the legal form of VAI GROUP Belgium?
- VAI GROUP Belgium is a public limited company (NV).
- When was VAI GROUP Belgium founded?
- VAI GROUP Belgium was founded on 27-06-2003.
- Is VAI GROUP Belgium still active?
- Yes, VAI GROUP Belgium is an active enterprise in the KBO register.
- What is the turnover of VAI GROUP Belgium?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €52,066 and 33 comparable companies (NACE 464). It probably lies between €110,000 and €280,000.Financials
- Is VAI GROUP Belgium profitable?
- In financial year 2025, VAI GROUP Belgium made a profit of €31,185.
- Where can I find the annual accounts of VAI GROUP Belgium?
- VAI GROUP Belgium filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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