Equity
-€26,459
Debts exceed assets in financial year 2024.
V-TALITY
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2005peak €61,468 (2016)
€4,551▲ €52,277
lowest -€70,323 (2023)
-€12,014▲ €58,309
peak €55,877 (2022)
-€26,459▼ €12,014
€356,146▲ 5.4%
peak 1 FTE (2008)
-not published
Board2 names since 2019
-
Owners2 names in the annual accounts
20%Salmanazar
Documentsfilings and deeds
21-11-2025113 days late
2024micro format
Gross margin from -€47,726 to €4,551Loss of €12,014Equity from -€14,446 to -€26,459Cash from €7,599 to €1
Key points
from the 2024 annual accountsResult
-€12,014 ▲ 82.9%
The result rose in 2024 from -€70,323 to -€12,014.
Turnover
≈ €39,000 estimated
The micro format states no turnover.
Debts
€356,146 108% of the balance sheet
Financial debts 30%Suppliers 19%Taxes and wages 9%Other 43%
Of this, €284,491 falls due within a year.
Filings
20 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€26,459
Less equity than 87% of companies in wholesale trade. Sector median €56,471 · 15,462 companies.
Checked score
10
Critical
Financially stronger than 13% of micro companies in wholesale trade (NACE 46)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
22.7% High
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 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.3%
01-2025: 3.2%▼ -0.1 percentage points vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.0%▼ -0.2 percentage points vs 04-2025
06-2025: 3.0%● unchanged vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 3.5%▲ +0.4 percentage points vs 07-2025
09-2025: 3.4%▼ -0.1 percentage points vs 08-2025
10-2025: 3.6%▲ +0.2 percentage points vs 09-2025
11-2025: 3.7%▲ +0.1 percentage points vs 10-2025
12-2025: 2.6%▼ -1.1 percentage points vs 11-2025lowest value
01-2026: 2.6%● unchanged vs 12-2025lowest value
02-2026: 2.6%● unchanged vs 01-2026lowest value
05-2026: 15.2%
06-2026: 14.6%▼ -0.6 percentage points vs 05-2026
07-2026: 14.6%● unchanged vs 06-2026
08-2026: 17.7%▲ +3.1 percentage points vs 07-2026
09-2026: 19.0%▲ +1.3 percentage points vs 08-2026
10-2026: 22.7%▲ +3.7 percentage points vs 09-2026highest value
11-2026: 22.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Reorganisation plan being carried out (approved, Gazette 14-04-2026)
Liquidity: current ratio 1.16, cash €1, halved
Figures for financial year 2024 (filed on 27-11-2025)
lowers risk
Founded in 2005
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 14% of them on solvency, 5% on liquidity, 25% on profitability and 6% on growth.
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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 2,796 companies had the same profile as V-TALITY has now. Each dot stands for 7 companies, two years later.
90.4%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of V-TALITY itself is higher: 22.7% within 12 months. It rests on far more data about V-TALITY than the profile alone.
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 2,796 companies, not a prediction for V-TALITY. 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
No credit on open account
Liquidity is tight, with a current ratio of 1.16 (1.47 in 2023), below the usual 1.5. Short-term debt is 86.3% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€26,459
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 113 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
113 days late
2023
99 days late
2022
58 days late
2021
61 days late
2020
404 days late
2019
769 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 251 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)
Board and ownership
last known board- MADINE 20%equity €167,173 (2025) · 2023 annual accounts of MADINE
- Salmanazar 20%score 85equity €522,382 (2025) · 2025 annual accounts of Salmanazar
Recent changes
Plan homologation
Enterprise Court of Ghent · judgment of 09-04-2026 · Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Ghent · collective agreement (SME) · judgment of 11-02-2026 · Judicial reorganisation
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0871909541
Resignation: C-BA (director)
Permanent representative: Sebastien SINTOBIN · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| V-TALITY Kluisbergen | €329,687 | €4,551 | -8.0% | - |
| AQUAPRO EUROPE Poperinge | €509,134 | €4,618 | -73.8% | - |
| PERFECT BEEF Mouscron | €286,876 | €12,302 | 79.0% | 0.2 |
| M.L.M FISH Bruges | €471,002 | €8,689 | 52.1% | 0 |
| HONINX Hasselt | €197,621 | €12,746 | 16.6% | 0.5 |
| K & L CONNECTING Ghent | €349,941 | -€3,042 | -57.4% | - |
| Vlevy Meat Products Ghent | €567,391 | €15,572 | 1.4% | - |
These companies have the same main activity as V-TALITY: agents in the wholesale of food, beverages and tobacco (NACE 46170). They are comparable in size and age: total assets between €198,000 and €567,000, founded between 1999 and 2011.
Official details
Source: KBO- Status
- Active since 15-02-2005Normal situation
- Activity
- Agents in the wholesale of food, beverages and tobaccoNACE 46170
- Establishment unit
- 2.145.657.7179690 Kluisbergen, since 10-03-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Insights on V-TALITY
V-TALITY files the micro format. That format states no turnover. The gross margin rose from -€6,408 in 2006 to €4,551 in 2024.
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 V-TALITY
- What is the company number of V-TALITY?
- The company number of V-TALITY is 0871.909.541. The VAT number is the same number with BE in front: BE 0871.909.541.
- Where is V-TALITY based?
- The registered office is at Meersestraat 39, 9690 Kluisbergen.Company details
- What does V-TALITY do?
- According to the KBO register, the main activity is agents in the wholesale of food, beverages and tobacco (NACE 46170).
- What is the legal form of V-TALITY?
- V-TALITY is a private limited company (BV).
- When was V-TALITY founded?
- V-TALITY was founded on 15-02-2005.
- Is V-TALITY still active?
- Yes, V-TALITY is an active enterprise in the KBO register.
- What is the turnover of V-TALITY?
- The turnover in financial year 2024 is ≈ €39,000. This figure is estimated from the gross margin of €4,551 and 71 comparable companies (NACE 461). It probably lies between €18,000 and €71,000. It is a rough estimate.Financials
- Is V-TALITY profitable?
- In financial year 2024, V-TALITY made a loss of €12,014.
- Where can I find the annual accounts of V-TALITY?
- V-TALITY filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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