VAMAX
ActiveSummary
VAMAX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668,906 and a net result of €50,869. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-26
Solvency64▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.14 in 2024; short-term debt: 59.1% and cash: 0.3% of total assets), and 61.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.8%
Return on assets
3%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
79 d early
2023
41 d early
2022
40 d early
2021
40 d early
2020
94 d early
2019
38 d early
← 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 53 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€668,906▲ 8.2%
2024 · €618,037
Total assets
€1.7m▲ 5.3%
2024 · €1.6m
Net result
€50,869▼ 39.8%
2024 · €84,492
Working capital
-€802,407▲ 9.0%
2024 · -€881,587
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,839▼ 93.9%-€2,639€23,693€26,462▲ 11.7%€93,572▲ 254%
Net result€200,759above the sector's middle half▼ 8.1%€59,337within the sector's middle half▼ 70.4%€218,897above the sector's middle half▲ 269%€84,492within the sector's middle half▼ 61.4%€50,869within the sector's middle half▼ 39.8%
Equity€1.3mwithin the sector's middle half▲ 19.0%€1.3mwithin the sector's middle half▲ 4.7%€1.5mabove the sector's middle half▲ 16.7%€618,037within the sector's middle half▼ 59.7%€668,906within the sector's middle half▲ 8.2%
Total assets€1.5mwithin the sector's middle half▼ 1.8%€1.5mwithin the sector's middle half▲ 0.3%€1.6mwithin the sector's middle half▲ 3.6%€1.6mwithin the sector's middle half▲ 5.0%€1.7mwithin the sector's middle half▲ 5.3%
Debt€246,048▼ 48.1%€191,303▼ 22.2%€26,016▼ 86.4%€1.0m▲ 3,820%€1.1m▲ 3.5%
Working capital-€244,048below the sector's middle half▲ 38.2%-€183,981below the sector's middle half▲ 24.6%€33,429within the sector's middle half-€881,587below the sector's middle half-€802,407below the sector's middle half▲ 9.0%
Solvency83.6%above the sector's middle half▲ 14.6pp87.3%above the sector's middle half▲ 3.7pp98.3%above the sector's middle half▲ 11.0pp37.7%within the sector's middle half▼ 60.6pp38.8%within the sector's middle half▲ 1.1pp
Current ratio0.01below the sector's middle half▼ 0.060.04below the sector's middle half▲ 0.032.28within the sector's middle half▲ 2.250.14below the sector's middle half▼ 2.150.21below the sector's middle half▲ 0.08
Return on assets (ROA)13.4%above the sector's middle half▼ 0.9pp3.9%within the sector's middle half▼ 9.4pp14.0%within the sector's middle half▲ 10.1pp5.2%within the sector's middle half▼ 8.9pp3.0%within the sector's middle half▼ 2.2pp
Staff (FTE)0.8below the sector's middle half=0.8within the sector's middle half=0.8within the sector's middle half=0.8within the sector's middle half=0.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated 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 254% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▲ 0.5%
Current assets
€216,626 ▲ 56.6%
Equity and liabilities €1.7m
Equity
€668,906 ▲ 8.2%
Debt
€1.1m ▲ 3.5%
Debt's share of the balance-sheet total falls from 62.3% to 61.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94,992▲
2024 · €26,953
Cash flow
€52,289▼
2024 · €84,983
Debt to equity
1.58▼
2024 · 1.65
ROE
7.6%▼
2024 · 13.7%
Interest coverage
3.23▼
2024 · 105.43
Debt ≤ 1 year
€1.0m▼
2024 · €1.0m
Debt > 1 year
€36,317
Income taxes
€19,157▲
2024 · €7,604
Staff costs
€66,150▲
2024 · €58,546
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €52,346 | €54,664 | €58,546 | €66,150 | ▲ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,477 | €729 | €969 | €491 | €1,420 | ▲ 189% |
| Other operating charges640/8 | - | €122 | €980 | €1,075 | €1,094 | ▲ 1.7% |
| Gross operating margin9900 | €50,213 | €50,558 | €80,306 | €86,575 | €162,236 | ▲ 87.4% |
| Operating profit (loss)9901 | €1,839 | -€2,639 | €23,693 | €26,462 | €93,572 | ▲ 254% |
| Financial income75/76B | - | €69,900 | €199,714 | €65,889 | €5,845 | ▼ 91.1% |
| Recurring financial income75 | €209,725 | €69,900 | €199,714 | €65,889 | €5,845 | ▼ 91.1% |
| Financial charges65/66B | - | €7,924 | €3,655 | €256 | €29,391 | ▲ 11,396% |
| Recurring financial charges65 | €10,805 | €7,924 | €3,655 | €256 | €29,391 | ▲ 11,396% |
| Profit (loss) for the period before taxes9903 | €200,759 | €59,337 | €219,752 | €92,096 | €70,026 | ▼ 24.0% |
| Income taxes67/77 | - | - | €855 | €7,604 | €19,157 | ▲ 152% |
| Profit (loss) for the period9904 | €200,759 | €59,337 | €218,897 | €84,492 | €50,869 | ▼ 39.8% |
| Profit (loss) for the period to be appropriated9905 | €200,759 | €59,337 | €218,897 | €84,492 | €50,869 | ▼ 39.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 5.3% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.5% |
| Tangible fixed assets22/27 | €1,459 | €729 | €2,216 | €1,725 | €9,730 | ▲ 464% |
| Plant, machinery and equipment23 | - | - | €2,216 | €1,725 | €6,752 | ▲ 292% |
| Furniture and vehicles24 | - | €729 | €0 | - | €2,977 | - |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €2,000 | €7,322 | €59,445 | €138,328 | €216,626 | ▲ 56.6% |
| Amounts receivable within one year40/41 | €1,049 | €1,679 | €50,336 | €134,427 | €209,727 | ▲ 56.0% |
| Trade receivables40 | - | €1,679 | €0 | - | - | - |
| Other amounts receivable41 | - | - | €50,336 | €134,427 | €209,727 | ▲ 56.0% |
| Cash at bank and in hand54/58 | - | €4,530 | €7,036 | €2,726 | €5,738 | ▲ 111% |
| Deferred charges and accrued income490/1 | - | €1,112 | €2,073 | €1,175 | €1,160 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 5.3% |
| Equity10/15 | €1.3m | €1.3m | €1.5m | €618,037 | €668,906 | ▲ 8.2% |
| Contributions10/11 | - | €497,550 | €497,550 | €497,550 | €497,550 | = |
| Reserves13 | €749,755 | €809,755 | €1.0m | €120,000 | €170,000 | ▲ 41.7% |
| Non-distributable reserves130/1 | - | €49,755 | €49,755 | €0 | - | - |
| Reserves not available under the articles1311 | - | €49,755 | €49,755 | €0 | - | - |
| Distributable reserves133 | - | €760,000 | €980,000 | €120,000 | €170,000 | ▲ 41.7% |
| Profit (loss) carried forward14 | €8,006 | €7,343 | €6,240 | €487 | €1,356 | ▲ 178% |
| Amounts payable17/49 | €246,048 | €191,303 | €26,016 | €1.0m | €1.1m | ▲ 3.5% |
| Amounts payable after more than one year17 | - | - | - | - | €36,317 | - |
| Financial debts170/4 | - | - | - | - | €36,317 | - |
| Amounts payable within one year42/48 | €246,048 | €191,303 | €26,016 | €1.0m | €1.0m | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €24,660 | - |
| Trade debts44 | €823 | €1,700 | €0 | €742 | €302 | ▼ 59.3% |
| Suppliers440/4 | - | €1,700 | €0 | €742 | €302 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | €12,797 | €12,481 | €18,899 | €45,431 | ▲ 140% |
| Taxes450/3 | - | €3,780 | €6,182 | €8,489 | €34,287 | ▲ 304% |
| Remuneration and social security454/9 | - | €9,017 | €6,299 | €10,410 | €11,143 | ▲ 7.0% |
| Other amounts payable47/48 | - | €176,806 | €13,535 | €1.0m | €948,640 | ▼ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,759 | €59,337 | €218,897 | €84,492 | €50,869 | ▼ 39.8% |
| + Depreciation and write-downs630 | €1,477 | €729 | €969 | €491 | €1,420 | ▲ 189% |
| Operating cash flow (approximation) | €202,236 | €60,067 | €219,866 | €84,983 | €52,289 | ▼ 38.5% |
| Investment in fixed assets (approximation) | - | €0 | -€2,455 | €0 | -€9,425 | - |
| Change in cash | - | - | €2,506 | -€4,310 | €3,012 | ▲ 170% |
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €50,869 ▼39.8%
Net result drops to €50,869, the lowest in the series.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2019net €218,897 ▲269%
Net result €218,897, the highest in the series.
30-09
Financial
Liquidity times 60current ratio 2.28
Current ratio from 0.04 to 2.28; short-term debt falls from €191,303 to €26,016.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €1mEq €1.1m ▲26.1%
2 profitable years in a row build equity to €1.1m.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2015
Ground area
4,882 m²
Building footprint
2,382 m²
Volume, LiDAR
14,342 m³
Parcel 31807I0283/00D002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VAMAX
since 20152.241.318.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0283/00D002 | Flanders | 4,882 m² | 1 · 2,382 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
49.84%
Holdings 1
-
99.86%
According to the annual accounts to 30-09-2025 of VAMAX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded23-03-2015
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0607928197
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.