VAT explained
ActiveSummary
VAT explained has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74,589 and a net result of €57,922. Its solvency ranks better than 57% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes
Profitability100
Solvency91
Growth-
Track record67
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.6; short-term debt: 21% and cash: 24% of total assets), and 34.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 42 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€74,589
Total assets
€113,833
Net result
€57,922
Working capital
€62,346
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €112,874
Fixed assets
€26,572
Current assets
€86,302
Equity and liabilities €113,833
Equity
€74,589
Debt
€39,244
Debt finances 34.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€80,075
Cash flow
€64,896
Current ratio
3.60
Debt to equity
0.53
ROE
77.7%
ROA
50.9%
Interest coverage
100.98
Debt ≤ 1 year
€23,955
Debt > 1 year
€15,288
Income taxes
€14,688
Annual accounts
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,973 |
| Other operating charges640/8 | €1,284 |
| Gross operating margin9900 | €81,358 |
| Operating profit (loss)9901 | €73,102 |
| Financial income75/76B | €302 |
| Recurring financial income75 | €302 |
| Financial charges65/66B | €793 |
| Recurring financial charges65 | €793 |
| Profit (loss) for the period before taxes9903 | €72,610 |
| Income taxes67/77 | €14,688 |
| Profit (loss) for the period9904 | €57,922 |
| Profit (loss) for the period to be appropriated9905 | €57,922 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €113,833 | |
| Formation expenses20 | €959 | |
| Fixed assets21/28 | €26,572 | |
| Tangible fixed assets22/27 | €26,572 | |
| Plant, machinery and equipment23 | €362 | |
| Leasing and similar rights25 | €25,382 | |
| Other tangible fixed assets26 | €828 | |
| Current assets29/58 | €86,302 | |
| Amounts receivable within one year40/41 | €19,472 | |
| Trade receivables40 | €19,465 | |
| Other amounts receivable41 | €7 | |
| Current investments50/53 | €38,500 | |
| Cash at bank and in hand54/58 | €27,315 | |
| Deferred charges and accrued income490/1 | €1,014 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €113,833 | |
| Equity10/15 | €74,589 | |
| Contributions10/11 | €17,500 | |
| Reserves13 | €57,089 | |
| Non-distributable reserves130/1 | €57,089 | |
| Other1319 | €57,089 | |
| Profit (loss) carried forward14 | €0 | |
| Amounts payable17/49 | €39,244 | |
| Amounts payable after more than one year17 | €15,288 | |
| Financial debts170/4 | €15,288 | |
| Amounts payable within one year42/48 | €23,955 | |
| Current portion of amounts payable after more than one year42 | €4,215 | |
| Trade debts44 | €1,020 | |
| Suppliers440/4 | €1,020 | |
| Taxes, remuneration and social security45 | €17,887 | |
| Taxes450/3 | €17,887 | |
| Other amounts payable47/48 | €833 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €57,922 |
| + Depreciation and write-downs630 | €6,973 |
| Operating cash flow (approximation) | €64,896 |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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
1 act for this company is 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, Zottegem · 1 establishment unit since 2024
Ground area
813 m²
Building footprint
151 m²
Volume, LiDAR
836 m³
Parcel 41061A0077/00K000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAT explained
since 20242.358.837.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41061A0077/00K000 | Flanders | 813 m² | 1 · 151 m² | 8.6 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.
Similar companies · same sector, comparable size
FISCONTO
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BE 0810.330.872
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FIDUCIAIRE VAN DEYNZE
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MATA Consulting
BE 0668.427.790
Ukkel · Eq €74,673
BOEKHOUDKANTOOR AN BRYSSE & PARTNERS
BE 0883.517.966
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Of 8,122 companies in sector 69202 we hold annual accounts for 4,974. 4,199 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
69202Legal and accounting activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:1008982518
Registered
08-05-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.