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VASCUMED

Active
Private limited companyfounded 201412 yrs activeParklaan 122/RCH0, 1190 Vorst, BelgiumKBO/BCE: BE 0562.827.355
Summary

The computed 12-month bankruptcy probability of VASCUMED is 1.8% (moderate). The 2025 annual accounts show equity of €64,482 and a net result of €45,150. Equity is growing by ~29.8% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability91▲+7
Solvency50▼-9
Growth80=
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.51 in 2024; short-term debt: 46.1% and cash: 53.3% of total assets), and 74.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.2%
Return on assets
17.7%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 d early
2024
2 d early
2023
28 d early
2022
19 d early
2021
16 d early
2020
29 d early
2019
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VASCUMED was incorporated on 19 September 2014.1 Revenue grew from EUR 88,981 in 2018 to EUR 138,675 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

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Financials · fiscal year 2025, micro schema

Turnover
€138,675▲ 17.5%
2019 · €118,064
EBIT margin
29.7%▲ 12.3pp
2019 · 17.4%
Net result
€45,150▲ 22.1%
2024 · €36,983
Working capital
€22,066▼ 59.6%
2024 · €54,667
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€138,675
Operating result€41,153▲ 261%€24,122▼ 41.4%€63,770▲ 164%€63,351▼ 0.7%€63,255▼ 0.2%
Net result€35,601▲ 415%€6,926▼ 80.5%€61,195▲ 784%€36,983▼ 39.6%€45,150▲ 22.1%
EBIT margin29.7%
Equity€49,276▲ 260%€56,448▲ 14.6%€64,702▲ 14.6%€101,686▲ 57.2%€64,482▼ 36.6%
Total assets€235,349▲ 7.4%€231,810▼ 1.5%€279,568▲ 20.6%€295,134▲ 5.6%€255,488▼ 13.4%
Debt€186,073▼ 9.5%€175,362▼ 5.8%€214,866▲ 22.5%€193,449▼ 10.0%€191,006▼ 1.3%
Working capital-€2,048€7,834€17,633▲ 125%€54,667▲ 210%€22,066▼ 59.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2021: €41,153€41,153Net result 2021: €35,601€35,601Operating result 2022: €24,122€24,122Net result 2022: €6,926€6,926Operating result 2023: €63,770€63,770Net result 2023: €61,195€61,195Operating result 2024: €63,351€63,351Net result 2024: €36,983€36,983Operating result 2025: €63,255€63,255Net result 2025: €45,150€45,15020212022202320242025€0€20,000€40,000€60,000Operating result 2023: €63,770€63,800Net result 2023: €61,195€61,200Operating result 2024: €63,351€63,400Net result 2024: €36,983€37,000Operating result 2025: €63,255€63,300Net result 2025: €45,150€45,100202320242025
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255,488
Fixed assets €115,665 ▼ 12.6%
Current assets €139,824 ▼ 14.1%
Equity and liabilities €255,488
Equity €64,482 ▼ 36.6%
Debt €191,006 ▼ 1.3%
Debt's share of the balance-sheet total rises from 65.5% to 74.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€80,382▼
2024 · €82,210
Cash flow
€62,277▲
2024 · €55,842
Current ratio
1.19▼
2024 · 1.51
Debt to equity
2.96▲
2024 · 1.90
ROE
70.0%▲
2024 · 36.4%
ROA
17.7%▲
2024 · 12.5%
Interest coverage
38.91▲
2024 · 34.96
Debt ≤ 1 year
€117,758▲
2024 · €108,120
Debt > 1 year
€68,568▼
2024 · €85,328
Income taxes
€16,040▼
2024 · €24,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€295,134€255,488▼
Fixed assets21/28€132,347€115,665▼
Intangible fixed assets21€9,500€0▼
Tangible fixed assets22/27€122,847€115,665▼
Land and buildings22€118,041€113,340▼
Plant, machinery and equipment23€2,608€749▼
Furniture and vehicles24€2,198€1,575▼
Current assets29/58€162,787€139,824▼
Amounts receivable within one year40/41€1,840€3,692▲
Trade receivables40€1,840€1,854▲
Other amounts receivable41-€1,838
Cash at bank and in hand54/58€160,947€136,132▼
Equity and liabilities
Total equity and liabilities10/49€295,134€255,488▼
Equity10/15€101,686€64,482▼
Contributions10/11€18,854€18,854=
Profit (loss) carried forward14€82,831€45,628▼
Amounts payable17/49€193,449€191,006▼
Amounts payable after more than one year17€85,328€68,568▼
Financial debts170/4€85,328€68,568▼
Amounts payable within one year42/48€108,120€117,758▲
Current portion of amounts payable after more than one year42€24,950€16,760▼
Trade debts44€216€910▲
Suppliers440/4€216€910▲
Taxes, remuneration and social security45€6,800€25,534▲
Taxes450/3€3,800€22,534▲
Remuneration and social security454/9€3,000€3,000=
Other amounts payable47/48€76,155€74,554▼
Accrued charges and deferred income492/3-€4,680
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,859€17,127▼
Other operating charges640/8€2,349€1,826▼
Non-recurring operating charges66A€886€0▼
Gross operating margin9900€85,445€82,207▼
Operating profit (loss)9901€63,351€63,255▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2,352€2,066▼
Recurring financial charges65€2,352€2,066▼
Profit (loss) for the period before taxes9903€61,000€61,189▲
Income taxes67/77€24,016€16,040▼
Profit (loss) for the period9904€36,983€45,150▲
Profit (loss) for the period to be appropriated9905€36,983€45,150▲
Appropriation of the result
Profit (loss) to be appropriated9906€82,831€127,981▲
Profit (loss) brought forward from the previous period14P€45,848€82,831▲
Profit to be distributed694/7-€82,353
Return on contributions (dividend)694-€82,353

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€138,675-----
Goods, raw materials, services and sundry goods60/61€79,683-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,349€18,638€18,795€18,859€17,127▼ 9.2%
Other operating charges640/8€490€621€2,492€2,349€1,826▼ 22.3%
Non-recurring operating charges66A--€286€886€0▼ 100%
Gross operating margin9900€58,992€43,381€85,343€85,445€82,207▼ 3.8%
Operating profit (loss)9901€41,153€24,122€63,770€63,351€63,255▼ 0.2%
Financial income75/76B----€0-
Recurring financial income75----€0-
Financial charges65/66B€3,228€2,823€2,575€2,352€2,066▼ 12.2%
Recurring financial charges65€3,228€2,823€2,575€2,352€2,066▼ 12.2%
Profit (loss) for the period before taxes9903€37,925€21,299€61,195€61,000€61,189▲ 0.3%
Income taxes67/77€2,324€14,373-€24,016€16,040▼ 33.2%
Profit (loss) for the period9904€35,601€6,926€61,195€36,983€45,150▲ 22.1%
Profit (loss) for the period to be appropriated9905€35,601€6,926€61,195€36,983€45,150▲ 22.1%
Line20212022202320242025Change
Assets
Total assets20/58€235,349€231,810€279,568€295,134€255,488▼ 13.4%
Fixed assets21/28€185,267€166,628€148,876€132,347€115,665▼ 12.6%
Intangible fixed assets21€38,000€28,500€19,000€9,500€0▼ 100%
Tangible fixed assets22/27€147,267€138,128€129,876€122,847€115,665▼ 5.8%
Land and buildings22€132,043€127,376€122,709€118,041€113,340▼ 4.0%
Plant, machinery and equipment23€8,184€6,325€4,467€2,608€749▼ 71.3%
Furniture and vehicles24€7,039€4,427€2,701€2,198€1,575▼ 28.3%
Current assets29/58€50,082€65,182€130,692€162,787€139,824▼ 14.1%
Amounts receivable within one year40/41---€1,840€3,692▲ 101%
Trade receivables40---€1,840€1,854▲ 0.8%
Other amounts receivable41----€1,838-
Cash at bank and in hand54/58€50,082€65,182€130,692€160,947€136,132▼ 15.4%
Equity and liabilities
Total equity and liabilities10/49€235,349€231,810€279,568€295,134€255,488▼ 13.4%
Equity10/15€49,276€56,448€64,702€101,686€64,482▼ 36.6%
Contributions10/11€18,600€18,600€18,600€18,854€18,854=
Capital10€18,600€18,600€18,600---
Issued capital100€18,600€18,600€18,600---
Reserves13€254€254€254---
Non-distributable reserves130/1€254€254€254---
Legal reserve130€254€254€254---
Profit (loss) carried forward14€30,421€37,594€45,848€82,831€45,628▼ 44.9%
Amounts payable17/49€186,073€175,362€214,866€193,449€191,006▼ 1.3%
Amounts payable after more than one year17€133,942€118,014€101,808€85,328€68,568▼ 19.6%
Financial debts170/4€133,942€118,014€101,808€85,328€68,568▼ 19.6%
Amounts payable within one year42/48€52,130€57,348€113,058€108,120€117,758▲ 8.9%
Current portion of amounts payable after more than one year42€24,136€24,399€24,674€24,950€16,760▼ 32.8%
Trade debts44€592--€216€910▲ 322%
Suppliers440/4€592--€216€910▲ 322%
Taxes, remuneration and social security45-€5,929€11,741€6,800€25,534▲ 275%
Taxes450/3--€11,741€3,800€22,534▲ 493%
Remuneration and social security454/9-€5,929-€3,000€3,000=
Other amounts payable47/48€27,403€27,020€76,643€76,155€74,554▼ 2.1%
Accrued charges and deferred income492/3----€4,680-
Line20212022202320242025Change
Profit (loss) for the period9904€35,601€6,926€61,195€36,983€45,150▲ 22.1%
+ Depreciation and write-downs630€17,349€18,638€18,795€18,859€17,127▼ 9.2%
Operating cash flow (approximation)€52,950€25,564€79,990€55,842€62,277▲ 11.5%
Investment in fixed assets (approximation)-€1-€1,043-€2,330-€444▲ 80.9%
Change in cash-€15,100€65,510€30,255-€24,815▼ 182%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
22-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Equity above €100,000Eq €101,686 ▲57.2%
6 profitable years in a row build equity to €101,686.
02-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Highest result since 2018net €61,195 ▲784%
Operating result €63,770, net result €61,195, both a record.
11-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
14-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial Liquidity times 5current ratio 1.20
Current ratio from 0.22 to 1.20; short-term debt falls from €46,011 to €21,846.
07-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial Back to profitnet €16,824
Net result €16,824 after one loss-making year.
26-03
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
06-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
10-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

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.

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Directors · office · real estate

Directors
3 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, Vorst · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
365 m²
Building footprint
213 m²
Volume, LiDAR
2,851 m³
2 parcels, Brussels · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VASCUMED
Overwinningsstraat 11, 1060 Sint-Gillis (bij-Brussel)General medical practice
since 20142.235.072.812
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21007A0117/00E003 Brussels 251 m² 1 · 116 m² 16.5 m · 5 fl.
21013B0135/00G004 Brussels 114 m² 1 · 97 m² 20.4 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded19-09-2014
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.