V.M.S.B.
ActiveV.M.S.B. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.45M and a net result of €17k. Equity is shrinking by ~18.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-2
Solvency100=
Growth50=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.05 in 2023; short-term debt: 8% and cash: 0.7% of total assets), and 8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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 2024Solvency, return and age of the figures
Solvency
92%
Return on assets
0.7%
Age of the figures
21 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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
19 d early
2022
19 d early
2021
25 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2024, full schema, statutory
Turnover
€646k▼ 1.0%
2023 · €652k
2019: €638k
2020: €651k
2021: €593k
2022: €600k
2023: €652k
2019 → 2024
EBIT margin
5.8%▲ 8.0pp
2023 · -2.2%
2019: 1.0%
2020: 5.2%
2021: 31.4%
2022: 6.4%
2023: -2.2%
2019 → 2024
Net result
€17k▼ 62.1%
2023 · €46k
2019: €776
2020: €218k
2021: €151k
2022: €829k
2023: €46k
2019 → 2024
Working capital
€38k▲ 61.5%
2023 · €24k
2019: €16k
2020: €5.02M
2021: €5.38M
2022: €5.40M
2023: €24k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€651k-€593k▼ 8.8%€600k▲ 1.1%€652k▲ 8.7%€646k▼ 1.0%
Equity€6.85M-€7.00M▲ 2.2%€7.83M▲ 11.8%€2.43M▼ 69.0%€2.45M▲ 0.7%
Operating result€34k-€187k▲ 454%€39k▼ 79.3%€-14k€37k
Net result€218k-€151k▼ 30.5%€829k▲ 448%€46k▼ 94.5%€17k▼ 62.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €37k after a loss of €14k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.66M
Fixed assets
€2.41M▼ 0.7%
Current assets
€253k▼ 48.6%
Equity and liabilities €2.66M
Equity
€2.45M▲ 0.7%
Debt
€214k▼ 56.1%
The debt ratio falls from 16.7% to 8.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
92.0%▲
2023 · 83.3%
Current ratio
1.18▲
2023 · 1.05
Quick ratio
1.18▲
2023 · 1.05
Debt / equity
0.09▼
2023 · 0.20
ROE
0.7%▼
2023 · 1.9%
ROA
0.7%▼
2023 · 1.6%
Debt
€214k▼
2023 · €488k
Debt ≤ 1 year
€214k▼
2023 · €468k
Income taxes
€9k▼
2023 · €19k
Staff costs
€406k▼
2023 · €416k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.92M€2.66M▼
Fixed assets21/28€2.43M€2.41M▼
Financial fixed assets28€2.43M€2.41M▼
Affiliated companies280/1€2.43M€2.41M▼
Participating interests280€2.43M€2.41M▼
Current assets29/58€491k€253k▼
Amounts receivable within one year40/41€489k€233k▼
Trade receivables40€462k€233k▼
Other amounts receivable41€27k€39▼
Cash at bank and in hand54/58€2k€20k▲
Equity and liabilities
Total equity and liabilities10/49€2.92M€2.66M▼
Equity10/15€2.43M€2.45M▲
Contributions10/11€1.93M€1.93M=
Capital10€1.93M€1.93M=
Issued capital100€1.93M€1.93M=
Reserves13€57k€66k▲
Non-distributable reserves130/1€24k€25k▲
Legal reserve130€24k€25k▲
Distributable reserves133€33k€41k▲
Profit (loss) carried forward14€443k€451k▲
Amounts payable17/49€488k€214k▼
Amounts payable within one year42/48€468k€214k▼
Trade debts44€310k€50k▼
Suppliers440/4€310k€50k▼
Taxes, remuneration and social security45€120k€132k▲
Taxes450/3€58k€70k▲
Remuneration and social security454/9€62k€62k▼
Other amounts payable47/48€38k€32k▼
Accrued charges and deferred income492/3€20k-
Income statement
Code20232024
Operating income70/76A€675k€654k▼
Turnover70€652k€646k▼
Other operating income74€23k€9k▼
Non-recurring operating income76A€54-
Operating charges60/66A€690k€617k▼
Services and other goods61€235k€208k▼
Remuneration, social security and pensions62€416k€406k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€39k€2k▼
Operating profit (loss)9901€-14k€37k▲
Financial income75/76B€100k-
Recurring financial income75€100k-
Income from financial fixed assets750€0-
Income from current assets751€100k-
Financial charges65/66B€21k€11k▼
Recurring financial charges65€388€433▲
Debt charges650€0-
Other financial charges652/9€388€433▲
Non-recurring financial charges66B€20k€10k▼
Profit (loss) for the period before taxes9903€65k€26k▼
Income taxes67/77€19k€9k▼
Taxes670/3€19k€9k▼
Profit (loss) for the period9904€46k€17k▼
Profit (loss) for the period to be appropriated9905€46k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€445k€460k▲
Profit (loss) brought forward from the previous period14P€399k€443k▲
Transfer to equity691/2€2k€9k▲
To the legal reserve6920€2k€869▼
To other reserves6921-€8k
Social balance
Average headcount (FTE)90876.26.0▼
The notes to these accounts (27 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €829k ▲448%
Net result €829k, the highest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
31-12
Financial
Liquidity times 12current ratio 12.87
Current ratio from 1.04 to 12.87.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Tubize · 1 establishment unit since 2004
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.
Avenue Ernest Solvay 881480 TubizeGround area
2.1 ha
Building footprint
1.1 ha
Parcel 25097C0529/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VM.C.B.
since 20042.144.177.476
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0529/00P000 | Wallonia | 2.1 ha | 1 · 1.1 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-11-2004
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
63406
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.