Checked.be
Active
BE 0632.998.244Private limited company
V & S +
Keitelweg 2122 ·3990 Peer, Belgium· 11 yrs active
Sector: Other business support services
(82990)
Conclusion
V & S + has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305k and a net result of €21k. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 7583 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €305k |
| Net result | €21k |
| Better than sector | 25% |
| Active | 11 yrs |
Financial profile
53
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
36
Profitability
34
Solvency
15
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
36
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
15
2020
23
2021
56
2022
56
2023
43
2024
36
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.59 (< 1.0)
-10
Quick ratio
Quick ratio 0.59 (< 0.6)
-5
Leverage
Debt/equity 4.20 (> 3.0)
-10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 7.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-10-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~38.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.2% | 50.9% | |
| Net result | €21k | €17k | |
| Equity | €305k | €58k | |
| Gross operating margin | €193k | €40k | |
| Total assets | €1.59M | €140k |
€183k
-1.0%
20-25
€21k
-47.9%
20-25
€136k
-12.1%
20-25
€1.59M
-4.5%
20-25
€305k
+7.4%
20-25
€-113k
+25.0%
20-25
€22k
+418.8%
20-25
€1.28M
-6.9%
20-25
€278k
+1.1%
20-25
€1.00M
-8.9%
20-25
0.59
+31.1%
20-25
0.59
+31.1%
20-25
19.2%
+12.4%
20-25
4.20
-13.3%
20-25
6.9%
-51.5%
20-25
1.3%
-45.5%
20-25
7.36
+4.5%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €183k | €185k | €268k | €199k | €13k |
| Net profit | €21k | €40k | €125k | €108k | €-4k |
| Cash flow | €136k | €154k | €228k | €170k | €-1k |
| Staff costs | - | - | - | - | - |
| Income taxes | €22k | €4k | €13k | €11k | €339 |
| Dividends | - | - | - | - | - |
| Total assets | €1.59M | €1.66M | €1.88M | €1.78M | €271k |
| Equity | €305k | €284k | €244k | €119k | €11k |
| Debt | €1.28M | €1.38M | €1.63M | €1.66M | €260k |
| of which ≤ 1y | €278k | €275k | €433k | €406k | €51k |
| of which > 1y | €1.00M | €1.10M | €1.20M | €1.26M | €208k |
| Working capital | €-113k | €-150k | €-152k | €-141k | €-43k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.59 | 0.45 | 0.65 | 0.65 | 0.17 |
| Quick ratio | 0.59 | 0.45 | 0.65 | 0.65 | 0.16 |
| Working capital ratio | -7.1% | -9.0% | -8.1% | -7.9% | -15.8% |
| Solvency | 19.2% | 17.1% | 13.0% | 6.7% | 4.2% |
| Debt / equity | 4.20 | 4.84 | 6.69 | 13.94 | 18.36 |
| Long-term debt ratio | 3.29 | 3.88 | 4.91 | 10.54 | 18.36 |
| Interest coverage | 7.36 | 7.04 | 9.71 | 11.35 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.3% | 2.4% | 6.6% | 6.1% | -1.3% |
| ROE | 6.9% | 14.2% | 51.1% | 90.5% | -32.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.59M | €1.66M | €1.88M | €1.78M | €271k |
| Fixed assets | 21/28 | €1.42M | €1.54M | €1.59M | €1.52M | €262k |
| Tangible fixed assets | 22/27 | €1.42M | €1.54M | €1.59M | €1.52M | €262k |
| Financial fixed assets | 28 | €100 | €100 | €100 | €100 | €100 |
| Current assets | 29/58 | €165k | €125k | €281k | €265k | €9k |
| Stocks & contracts in progress | 3 | €206 | €206 | €206 | €206 | €206 |
| Amounts receivable within one year | 40/41 | €131k | €87k | €232k | €147k | - |
| Cash & bank | 54/58 | €29k | €33k | €26k | €114k | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.59M | €1.66M | €1.88M | €1.78M | €271k |
| Equity | 10/15 | €305k | €284k | €244k | €119k | €11k |
| Contributions / capital | 10/11 | €15k | €15k | €15k | €15k | - |
| Reserves | 13 | €290k | €269k | €229k | €104k | - |
| Accumulated profits (losses) | 14 | - | - | - | - | €-4k |
| Amounts payable | 17/49 | €1.28M | €1.38M | €1.63M | €1.66M | €260k |
| Amounts payable after one year | 17 | €1.00M | €1.10M | €1.20M | €1.26M | €208k |
| Amounts payable within one year | 42/48 | €278k | €275k | €433k | €406k | €51k |
| Trade debts payable within one year | 44 | €5k | €5k | €12k | €14k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €193k | €195k | €269k | €199k | €14k |
| Operating result | 9901 | €68k | €71k | €165k | €136k | €11k |
| Financial income | 75 | - | €0 | €0 | €1 | - |
| Financial charges | 65 | €25k | €26k | €28k | €18k | €6k |
| Result before taxes | 9903 | €43k | €45k | €137k | €119k | €5k |
| Income taxes | 67/77 | €22k | €4k | €13k | €11k | €339 |
| Net result for the period | 9904 | €21k | €40k | €125k | €108k | €5k |
| Result to be appropriated | 9905 | €21k | €40k | €125k | €108k | €5k |
Legal Structure
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 03-07-2015 |
| Status | Active |
| Postal code | 3990 |
Establishment units
V & S +
since 20152.243.591.786
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030A0896/00S003 | Flanders | 5,286 m² | 1 · 328 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2020net €125k ▲15.5%
Operating result €165k, net result €125k, both a record.
31-03
Financial
Equity above €200kEq €244k ▲104%
2 profitable years in a row build equity to €244k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
14-09
State Gazette act
Registered-office change
Karen SABBE
31-03
Financial
Back to profitnet €108k
Net result €108k after 2 loss-making years.
31-03
Financial
Equity above €100kEq €119k ▲950%
Equity rises from €11k to €119k.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
14-09-2022
Registered-office move
All acts · 1
updated 3 years ago
2022
14-09-2022 Registered office moved
Notary:
Karen SABBE · Hamont-Achel
Technical details
{
"events": [],
"notary": {
"name": "Karen SABBE",
"firm_city": null,
"firm_name": null,
"office_city": "Hamont-Achel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-09-14",
"filing_date": "2022-09-12",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-09-12",
"unanimous": null
},
"subject_company": {
"kbo": "0632.998.244",
"name_full": "V \u0026 S \u002B",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van akte"
]
}Credit advice
Company registry (CBE)
Activities
Other business support services82990Buying and selling of own real estate68110
Names & trade names
| Legal nameNL | V & S + |
Similar companies
VERCUNDUS
BE 0830.837.266 · Oud-Heverlee
FOOD&FRUITFUL
BE 0695.829.894 · Brussel
VTP
BE 0765.245.074 · Beerse
BOXTOBOX HAIRDRESSING
BE 0453.956.634 · Zemst
MOUTON
BE 0607.952.052 · Gent