VATcom
ActiveSummary
VATcom has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,441 and a net result of €9,310. Equity is shrinking by ~21.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 17% of 2293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+15
Solvency29▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.03 in 2024; short-term debt: 95.6% and cash: 0.6% of total assets), and 95.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
4.4%
Return on assets
3.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2293 sector peers (2025).
NBB · sector comparisonPosition among 2293 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
61 d late
2022
29 d late
2021
26 d late
2020
31 d late
2019
90 d late
← 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 42 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€13,441▲ 225%
2024 · €4,131
Total assets
€302,240▼ 10.1%
2024 · €336,299
Net result
€9,310
2024 · -€14,611
Working capital
-€269,398▲ 4.7%
2024 · -€282,645
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
Operating result-€21,516▼ 1,077%€1,196€43,687▲ 3,554%-€1,136€24,110
Net result-€27,891▼ 191%-€2,854▲ 89.8%-€84,904▼ 2,875%-€14,611▲ 82.8%€9,310
Equity€100,300▼ 21.8%€97,446▼ 2.8%€18,742▼ 80.8%€4,131▼ 78.0%€13,441▲ 225%
Total assets€394,366▼ 6.2%€446,393▲ 13.2%€364,530▼ 18.3%€336,299▼ 7.7%€302,240▼ 10.1%
Debt€294,067▲ 0.6%€348,947▲ 18.7%€345,787▼ 0.9%€332,168▼ 3.9%€288,799▼ 13.1%
Working capital-€175,424▼ 15.4%-€177,362▼ 1.1%-€275,652▼ 55.4%-€282,645▼ 2.5%-€269,398▲ 4.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24,110 after a loss of €1,136 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302,240
Fixed assets
€282,839 ▼ 13.9%
Current assets
€19,401 ▲ 155%
Equity and liabilities €302,240
Equity
€13,441 ▲ 225%
Debt
€288,799 ▼ 13.1%
Debt's share of the balance-sheet total falls from 98.8% to 95.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,108▲
2024 · €21,689
Cash flow
€13,308▲
2024 · €8,214
Current ratio
0.07▲
2024 · 0.03
Debt to equity
21.49▼
2024 · 80.41
ROE
69.3%▲
2024 · -353.7%
ROA
3.1%▲
2024 · -4.3%
Interest coverage
2.32▲
2024 · 1.63
Debt ≤ 1 year
€288,799▼
2024 · €290,259
Income taxes
€2,670▲
2024 · €140
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,293 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,268 | €23,268 | €23,268 | €22,825 | €3,998 | ▼ 82.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,784 | - | -€6,784 | - |
| Other operating charges640/8 | €1,509 | €1,462 | €1,706 | €1,616 | €8,842 | ▲ 447% |
| Gross operating margin9900 | €3,261 | €25,926 | €75,444 | €23,305 | €30,167 | ▲ 29.4% |
| Operating profit (loss)9901 | -€21,516 | €1,196 | €43,687 | -€1,136 | €24,110 | ▲ 2,223% |
| Financial income75/76B | €38 | €1,369 | €1,997 | €1 | - | - |
| Recurring financial income75 | €38 | €1,369 | €1,997 | €1 | - | - |
| Financial charges65/66B | €6,217 | €5,234 | €125,691 | €13,337 | €12,130 | ▼ 9.1% |
| Recurring financial charges65 | €6,217 | €5,234 | €10,741 | €13,337 | €12,130 | ▼ 9.1% |
| Non-recurring financial charges66B | - | - | €114,950 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€27,695 | -€2,670 | -€80,007 | -€14,472 | €11,980 | ▲ 183% |
| Income taxes67/77 | €196 | €184 | €4,897 | €140 | €2,670 | ▲ 1,814% |
| Profit (loss) for the period9904 | -€27,891 | -€2,854 | -€84,904 | -€14,611 | €9,310 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | -€27,891 | -€2,854 | -€84,904 | -€14,611 | €9,310 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394,366 | €446,393 | €364,530 | €336,299 | €302,240 | ▼ 10.1% |
| Fixed assets21/28 | €372,996 | €349,728 | €351,510 | €328,685 | €282,839 | ▼ 13.9% |
| Tangible fixed assets22/27 | €115,208 | €91,939 | €68,671 | €45,846 | - | - |
| Land and buildings22 | €82,718 | €69,095 | €55,472 | €41,848 | - | - |
| Plant, machinery and equipment23 | €886 | €443 | - | - | - | - |
| Furniture and vehicles24 | €31,604 | €22,402 | €13,200 | €3,998 | - | - |
| Financial fixed assets28 | €257,789 | €257,789 | €282,839 | €282,839 | €282,839 | = |
| Current assets29/58 | €21,370 | €96,666 | €13,020 | €7,614 | €19,401 | ▲ 155% |
| Amounts receivable within one year40/41 | €8,927 | €86,505 | €9,151 | €4,384 | €16,927 | ▲ 286% |
| Trade receivables40 | €2,081 | €11,085 | €876 | €1,993 | €16,883 | ▲ 747% |
| Other amounts receivable41 | €6,845 | €75,420 | €8,276 | €2,391 | €44 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €11,158 | €8,729 | €2,712 | €1,480 | €1,886 | ▲ 27.4% |
| Deferred charges and accrued income490/1 | €1,286 | €1,432 | €1,157 | €1,749 | €588 | ▼ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394,366 | €446,393 | €364,530 | €336,299 | €302,240 | ▼ 10.1% |
| Equity10/15 | €100,300 | €97,446 | €18,742 | €4,131 | €13,441 | ▲ 225% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,900 | €85,046 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €86,040 | €83,186 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | €142 | -€14,469 | -€5,159 | ▲ 64.3% |
| Amounts payable17/49 | €294,067 | €348,947 | €345,787 | €332,168 | €288,799 | ▼ 13.1% |
| Amounts payable after more than one year17 | €95,729 | €74,919 | €54,116 | €36,730 | - | - |
| Financial debts170/4 | €95,729 | €74,919 | €54,116 | €36,730 | - | - |
| Amounts payable within one year42/48 | €196,794 | €274,028 | €288,672 | €290,259 | €288,799 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €20,340 | €20,809 | €21,004 | €17,386 | - | - |
| Financial debts43 | - | - | - | - | €20 | - |
| Credit institutions430/8 | - | - | - | - | €20 | - |
| Trade debts44 | €23,123 | €18,031 | €8,714 | €9,511 | €7,213 | ▼ 24.2% |
| Suppliers440/4 | €23,123 | €18,031 | €8,714 | €9,511 | €7,213 | ▼ 24.2% |
| Advances received on contracts in progress46 | €57 | €11,495 | - | - | - | - |
| Taxes, remuneration and social security45 | €4,164 | €5,704 | €12,865 | €423 | €5,086 | ▲ 1,104% |
| Taxes450/3 | €4,164 | €5,704 | €12,865 | €423 | €5,086 | ▲ 1,104% |
| Other amounts payable47/48 | €149,110 | €217,989 | €246,088 | €262,940 | €276,481 | ▲ 5.1% |
| Accrued charges and deferred income492/3 | €1,544 | €0 | €3,000 | €5,179 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,891 | -€2,854 | -€84,904 | -€14,611 | €9,310 | ▲ 164% |
| + Depreciation and write-downs630 | €23,268 | €23,268 | €23,268 | €22,825 | €3,998 | ▼ 82.5% |
| Operating cash flow (approximation) | -€4,623 | €20,415 | -€61,636 | €8,214 | €13,308 | ▲ 62.0% |
| Investment in fixed assets (approximation) | - | €0 | -€25,050 | €0 | €41,848 | - |
| Change in cash | - | -€2,429 | -€6,017 | -€1,232 | €406 | ▲ 133% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €9,310
Net result €9,310 after 5 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€84,904
Net result drops to -€84,904, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 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, Brugge · 1 establishment unit since 2007
Ground area
3,502 m²
Building footprint
1,209 m²
Volume, LiDAR
5,181 m³
Parcel 31423A0063/00H000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VATcom
since 20072.167.582.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31423A0063/00H000 | Flanders | 3,502 m² | 1 · 1,209 m² | 8.6 m · 1 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.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,412. 5,079 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
Founded30-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.