V.H.M. GESTION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €58k and a net result of €4k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 8013 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 10 filingsDeviation from the deadline
2025
11 d late
2024
26 d late
2023
2 d late
2022
9 d late
2021
29 d late
2020
5 d early
2019
19 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▲ 6.5%
2024 · €54k
2018: €32k
2019: €36k
2020: €39k
2021: €40k
2022: €46k
2023: €51k
2024: €54k
2018 → 2025
Net result
€4k▼ 5.2%
2024 · €4k
2018: €4k
2019: €4k
2020: €4k
2021: €54
2022: €7k
2023: €4k
2024: €4k
2018 → 2025
Total assets
€61k▲ 2.6%
2024 · €59k
2018: €35k
2019: €41k
2020: €40k
2021: €41k
2022: €52k
2023: €56k
2024: €59k
2018 → 2025
Solvency
94.9%▲ 3.5pp
2024 · 91.4%
2018: 90.7%
2019: 87.7%
2020: 98.8%
2021: 96.8%
2022: 88.8%
2023: 90.6%
2024: 91.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€46k▲ 17.3%€51k▲ 9.1%€54k▲ 7.4%€58k▲ 6.5%
Operating result€149-€9k▲ 5,635%€5k▼ 37.0%€5k▼ 10.6%€5k▼ 5.6%
Net result€54-€7k▲ 12,526%€4k▼ 38.6%€4k▼ 11.1%€4k▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €61k
Equity
€58k▲ 6.5%
Debt
€3k▼ 39.3%
The debt ratio falls from 8.6% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
94.9%▲
2024 · 91.4%
ROE
6.1%▼
2024 · 6.9%
ROA
5.8%▼
2024 · 6.3%
Debt
€3k▼
2024 · €5k
Debt ≤ 1 year
€3k▼
2024 · €5k
Income taxes
€965▼
2024 · €1k
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€59k€61k▲
Current assets29/58€59k€61k▲
Amounts receivable within one year40/41€56k€57k▲
Trade receivables40€56k€57k▲
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€59k€61k▲
Equity10/15€54k€58k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€46k€50k▲
Amounts payable17/49€5k€3k▼
Amounts payable within one year42/48€5k€3k▼
Trade debts44€189€193▲
Suppliers440/4€189€193▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€2k-
Income statement
Code20242025
Other operating charges640/8€64€80▲
Gross operating margin9900€5k€5k▼
Operating profit (loss)9901€5k€5k▼
Financial charges65/66B€40€42▲
Recurring financial charges65€40€42▲
Profit (loss) for the period before taxes9903€5k€5k▼
Income taxes67/77€1k€965▼
Profit (loss) for the period9904€4k€4k▼
Profit (loss) for the period to be appropriated9905€4k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€50k▲
Profit (loss) brought forward from the previous period14P€43k€46k▲
The notes to these accounts (1 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €7k ▲12526%
Operating result €9k, net result €7k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €54 ▼98.6%
Net result drops to €54, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 10current ratio 84.69
Current ratio from 8.10 to 84.69; short-term debt falls from €5k to €472.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
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.
Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 1997
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.
Rue Wéry Pierre-Joseph 456040 Charleroi1 establishment unit
Rue Wéry Pierre-Joseph 45, 6040 Charleroi
since 19972.082.346.114
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,760. 10,877 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-1997
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.