V.B.
ActiveSummary
V.B. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €727,450 and a net result of €232,354. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 16754 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+1
Solvency87▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.16 against 2.59 in 2024; short-term debt: 22.9% and cash: 13.9% of total assets), and 38.4% of the assets are financed with debt.
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Signals
Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
61.6%
Return on assets
19.7%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
16 d early
2023
7 d early
2022
27 d early
2021
4 d early
2020
16 d early
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€727,450▲ 15.9%
2024 · €627,450
Total assets
€1.2m▼ 0.4%
2024 · €1.2m
Net result
€232,354▲ 6.0%
2024 · €219,218
Working capital
€584,054▲ 12.4%
2024 · €519,661
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€179,851▲ 72.3%€177,798▼ 1.1%€259,509▲ 46.0%€309,200▲ 19.1%€340,984▲ 10.3%
Net result€125,031above the sector's middle half▲ 66.2%€119,970above the sector's middle half▼ 4.0%€178,520above the sector's middle half▲ 48.8%€219,218above the sector's middle half▲ 22.8%€232,354above the sector's middle half▲ 6.0%
Equity€280,531within the sector's middle half▲ 47.3%€400,524above the sector's middle half▲ 42.8%€539,044above the sector's middle half▲ 34.6%€627,450above the sector's middle half▲ 16.4%€727,450above the sector's middle half▲ 15.9%
Total assets€639,015above the sector's middle half▲ 23.7%€711,959above the sector's middle half▲ 11.4%€882,839above the sector's middle half▲ 24.0%€1.2mabove the sector's middle half▲ 34.4%€1.2mabove the sector's middle half▼ 0.4%
Debt€358,484▲ 10.0%€311,435▼ 13.1%€343,796▲ 10.4%€558,784▲ 62.5%€454,318▼ 18.7%
Working capital€210,544within the sector's middle half▲ 19.7%€314,240above the sector's middle half▲ 49.3%€452,238above the sector's middle half▲ 43.9%€519,661above the sector's middle half▲ 14.9%€584,054above the sector's middle half▲ 12.4%
Solvency43.9%within the sector's middle half▲ 7.0pp56.3%within the sector's middle half▲ 12.4pp61.1%within the sector's middle half▲ 4.8pp52.9%within the sector's middle half▼ 8.2pp61.6%within the sector's middle half▲ 8.7pp
Current ratio2.93within the sector's middle half▼ 0.214.51within the sector's middle half▲ 1.584.08within the sector's middle half▼ 0.432.59within the sector's middle half▼ 1.503.16within the sector's middle half▲ 0.57
Return on assets (ROA)19.6%within the sector's middle half▲ 5.0pp16.9%within the sector's middle half▼ 2.7pp20.2%within the sector's middle half▲ 3.4pp18.5%within the sector's middle half▼ 1.7pp19.7%within the sector's middle half▲ 1.2pp
Staff (FTE)2▲ 100%2=2=2=1▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€327,147 ▼ 3.5%
Current assets
€854,621 ▲ 0.9%
Equity and liabilities €1.2m
Equity
€727,450 ▲ 15.9%
Debt
€454,318 ▼ 18.7%
Debt's share of the balance-sheet total falls from 47.1% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€399,419▲
2024 · €354,545
Cash flow
€290,790▲
2024 · €264,562
Debt to equity
0.62▼
2024 · 0.89
ROE
31.9%▼
2024 · 34.9%
Interest coverage
68.98▲
2024 · 55.35
Debt ≤ 1 year
€270,568▼
2024 · €327,619
Debt > 1 year
€183,750▼
2024 · €231,165
Income taxes
€105,879▲
2024 · €91,690
Staff costs
€39,558▲
2024 · €38,006
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €35,037 | €38,150 | €39,209 | €38,006 | €39,558 | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,948 | €42,932 | €36,767 | €45,345 | €58,436 | ▲ 28.9% |
| Other operating charges640/8 | €350 | €891 | €384 | €1,125 | €536 | ▼ 52.4% |
| Gross operating margin9900 | €237,185 | €259,771 | €335,869 | €393,675 | €439,513 | ▲ 11.6% |
| Operating profit (loss)9901 | €179,851 | €177,798 | €259,509 | €309,200 | €340,984 | ▲ 10.3% |
| Financial income75/76B | €1,837 | €1,860 | €4,647 | €8,113 | €3,040 | ▼ 62.5% |
| Recurring financial income75 | €1,837 | €1,860 | €4,647 | €8,113 | €3,040 | ▼ 62.5% |
| Financial charges65/66B | €3,849 | €4,249 | €4,576 | €6,405 | €5,790 | ▼ 9.6% |
| Recurring financial charges65 | €3,849 | €4,249 | €4,576 | €6,405 | €5,790 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €177,839 | €175,410 | €259,580 | €310,907 | €338,233 | ▲ 8.8% |
| Income taxes67/77 | €52,808 | €55,440 | €81,061 | €91,690 | €105,879 | ▲ 15.5% |
| Profit (loss) for the period9904 | €125,031 | €119,970 | €178,520 | €219,218 | €232,354 | ▲ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €125,031 | €119,970 | €178,520 | €219,218 | €232,354 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €639,015 | €711,959 | €882,839 | €1.2m | €1.2m | ▼ 0.4% |
| Fixed assets21/28 | €319,594 | €308,227 | €283,877 | €338,954 | €327,147 | ▼ 3.5% |
| Tangible fixed assets22/27 | €319,309 | €307,942 | €283,592 | €338,669 | €326,862 | ▼ 3.5% |
| Land and buildings22 | €223,444 | €214,517 | €205,590 | €196,663 | €187,736 | ▼ 4.5% |
| Plant, machinery and equipment23 | €51,668 | €61,051 | €52,441 | €121,327 | €105,332 | ▼ 13.2% |
| Furniture and vehicles24 | €44,197 | €32,374 | €25,561 | €20,679 | €33,793 | ▲ 63.4% |
| Financial fixed assets28 | €285 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €319,421 | €403,732 | €598,962 | €847,280 | €854,621 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €80,289 | €130,852 | €223,741 | €326,496 | €337,432 | ▲ 3.3% |
| Trade receivables40 | €45,656 | €55,954 | €103,342 | €156,960 | €195,255 | ▲ 24.4% |
| Other amounts receivable41 | €34,633 | €74,898 | €120,399 | €169,535 | €142,177 | ▼ 16.1% |
| Current investments50/53 | €85,279 | €97,279 | €253,279 | €381,327 | €347,441 | ▼ 8.9% |
| Cash at bank and in hand54/58 | €148,181 | €169,163 | €115,327 | €133,791 | €164,475 | ▲ 22.9% |
| Deferred charges and accrued income490/1 | €5,672 | €6,437 | €6,616 | €5,667 | €5,274 | ▼ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €639,015 | €711,959 | €882,839 | €1.2m | €1.2m | ▼ 0.4% |
| Equity10/15 | €280,531 | €400,524 | €539,044 | €627,450 | €727,450 | ▲ 15.9% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €235,500 | €355,450 | €493,450 | €582,450 | €682,450 | ▲ 17.2% |
| Non-distributable reserves130/1 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Reserves not available under the articles1311 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Distributable reserves133 | €231,000 | €350,950 | €488,950 | €577,950 | €677,950 | ▲ 17.3% |
| Profit (loss) carried forward14 | €31 | €74 | €594 | - | - | - |
| Amounts payable17/49 | €358,484 | €311,435 | €343,796 | €558,784 | €454,318 | ▼ 18.7% |
| Amounts payable after more than one year17 | €249,607 | €221,944 | €197,072 | €231,165 | €183,750 | ▼ 20.5% |
| Financial debts170/4 | €249,607 | €221,944 | €197,072 | €231,165 | €183,750 | ▼ 20.5% |
| Amounts payable within one year42/48 | €108,878 | €89,492 | €146,724 | €327,619 | €270,568 | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | €38,164 | €35,937 | €36,940 | €112,072 | €113,304 | ▲ 1.1% |
| Financial debts43 | €3,839 | - | - | - | - | - |
| Credit institutions430/8 | €3,839 | - | - | - | - | - |
| Trade debts44 | €5,421 | €11,353 | €4,102 | €39,373 | €4,558 | ▼ 88.4% |
| Suppliers440/4 | €5,421 | €11,353 | €4,102 | €39,373 | €4,558 | ▼ 88.4% |
| Taxes, remuneration and social security45 | €26,454 | €42,202 | €65,681 | €45,363 | €20,352 | ▼ 55.1% |
| Taxes450/3 | €22,808 | €38,225 | €56,501 | €41,061 | €15,879 | ▼ 61.3% |
| Remuneration and social security454/9 | €3,646 | €3,977 | €9,181 | €4,303 | €4,473 | ▲ 3.9% |
| Other amounts payable47/48 | €35,000 | - | €40,000 | €130,811 | €132,354 | ▲ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,031 | €119,970 | €178,520 | €219,218 | €232,354 | ▲ 6.0% |
| + Depreciation and write-downs630 | €21,948 | €42,932 | €36,767 | €45,345 | €58,436 | ▲ 28.9% |
| Operating cash flow (approximation) | €146,979 | €162,902 | €215,287 | €264,562 | €290,790 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | -€31,565 | -€12,417 | -€100,422 | -€46,628 | ▲ 53.6% |
| Change in cash | - | €20,982 | -€53,837 | €18,464 | €30,684 | ▲ 66.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €232,354 ▲6%
Operating result €340,984, net result €232,354, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €539,044 ▲34.6%
6 profitable years in a row build equity to €539,044.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €280,531 ▲47.3%
4 profitable years in a row build equity to €280,531.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €75,220 ▼17.6%
Net result drops to €75,220, the lowest in the series; recovery starts the following year.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.98
Current ratio from 1.37 to 2.98; short-term debt falls from €172,291 to €68,465.
Show earlier events
31-12
Financial
Equity above €150,000Eq €150,500 ▲68.2%
2 profitable years in a row build equity to €150,500.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braine-l'Alleud · 1 establishment unit since 2003
Ground area
5,643 m²
Building footprint
579 m²
Volume, LiDAR
5,106 m³
2 parcels, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Marivaux 5, 1300 Wavre
since 20032.229.649.819
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743G0038/00V000 | Wallonia | 4,059 m² | 1 · 228 m² | 9.4 m · 2 fl. |
| 25772H0090/00R003 | Wallonia | 1,584 m² | 1 · 351 m² | 14.9 m · 4 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.
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Of 16,629 companies in sector 86220 we hold annual accounts for 7,986. 6,126 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
Founded15-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
82100Office administrative and support services
Contact
Website
www.gynecologue-saintex.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862195683
Also
9925:BE0862195683
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.