VATKA
ActiveSummary
VATKA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456,833 and a net result of -€43,205. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 86% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-77
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 9.15 against 6.15 in 2024; short-term debt: 9.9% and cash: 61.7% of total assets), and 9.9% 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○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 · 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 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
4 d early
2022
2 d early
2021
1 d early
2020
2 d early
2019
4 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 3 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€456,833▼ 24.4%
2024 · €604,265
Total assets
€507,113▼ 28.6%
2024 · €710,706
Net result
-€43,205
2024 · €90,676
Working capital
€407,454▼ 25.4%
2024 · €546,221
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€163,039▲ 10.0%€147,325▼ 9.6%€115,750▼ 21.4%€126,274▲ 9.1%-€49,898
Net result€109,116within the sector's middle half▲ 12.2%€107,630within the sector's middle half▼ 1.4%€74,540within the sector's middle half▼ 30.7%€90,676within the sector's middle half▲ 21.6%-€43,205below the sector's middle half
Equity€535,169within the sector's middle half▲ 25.6%€579,552within the sector's middle half▲ 8.3%€588,638within the sector's middle half▲ 1.6%€604,265within the sector's middle half▲ 2.7%€456,833within the sector's middle half▼ 24.4%
Total assets€620,293within the sector's middle half▲ 20.3%€637,242within the sector's middle half▲ 2.7%€666,226within the sector's middle half▲ 4.5%€710,706within the sector's middle half▲ 6.7%€507,113within the sector's middle half▼ 28.6%
Debt€85,124▼ 5.1%€57,690▼ 32.2%€77,588▲ 34.5%€106,441▲ 37.2%€50,281▼ 52.8%
Working capital€526,174above the sector's middle half▲ 24.1%€534,136above the sector's middle half▲ 1.5%€520,169above the sector's middle half▼ 2.6%€546,221above the sector's middle half▲ 5.0%€407,454above the sector's middle half▼ 25.4%
Solvency86.3%above the sector's middle half▲ 3.7pp90.9%above the sector's middle half▲ 4.7pp88.4%above the sector's middle half▼ 2.6pp85.0%above the sector's middle half▼ 3.3pp90.1%above the sector's middle half▲ 5.1pp
Current ratio7.22above the sector's middle half▲ 1.4710.38above the sector's middle half▲ 3.167.77above the sector's middle half▼ 2.616.15above the sector's middle half▼ 1.629.15above the sector's middle half▲ 3.00
Return on assets (ROA)17.6%above the sector's middle half▼ 1.3pp16.9%above the sector's middle half▼ 0.7pp11.2%within the sector's middle half▼ 5.7pp12.8%within the sector's middle half▲ 1.6pp-8.5%below the sector's middle half▼ 21.3pp
Staff (FTE)
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
The operating result turns negative in 2025: a loss of €49,898 after €126,274 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507,113
Fixed assets
€49,641 ▼ 15.0%
Current assets
€457,473 ▼ 29.9%
Equity and liabilities €507,113
Equity
€456,833 ▼ 24.4%
Debt
€50,281 ▼ 52.8%
Debt's share of the balance-sheet total falls from 15.0% to 9.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€39,257▼
2024 · €137,101
Cash flow
-€32,565▼
2024 · €101,502
Debt to equity
0.11▼
2024 · 0.18
ROE
-9.5%▼
2024 · 15.0%
Interest coverage
-13.27▼
2024 · 34.51
Debt ≤ 1 year
€50,019▼
2024 · €106,104
Income taxes
-€0▼
2024 · €45,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,687 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €54,204 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,100 | €4,638 | €8,919 | €10,826 | €10,640 | ▼ 1.7% |
| Other operating charges640/8 | - | €13,521 | €4,401 | €4,559 | €5,337 | ▲ 17.1% |
| Non-recurring operating charges66A | - | - | €195 | €126 | - | - |
| Gross operating margin9900 | €172,948 | €165,484 | €129,265 | €141,786 | -€33,920 | ▼ 124% |
| Operating profit (loss)9901 | €163,039 | €147,325 | €115,750 | €126,274 | -€49,898 | ▼ 140% |
| Financial income75/76B | - | €244 | €1,315 | €13,700 | €9,651 | ▼ 29.6% |
| Recurring financial income75 | - | €244 | €1,315 | €13,700 | €9,651 | ▼ 29.6% |
| Financial charges65/66B | - | €1,358 | €4,108 | €3,972 | €2,958 | ▼ 25.5% |
| Recurring financial charges65 | €1,099 | €1,358 | €4,108 | €3,972 | €2,958 | ▼ 25.5% |
| Profit (loss) for the period before taxes9903 | €161,940 | €146,211 | €112,956 | €136,002 | -€43,205 | ▼ 132% |
| Income taxes67/77 | €52,823 | €38,581 | €38,416 | €45,326 | -€0 | ▼ 100% |
| Profit (loss) for the period9904 | €109,116 | €107,630 | €74,540 | €90,676 | -€43,205 | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €109,116 | €107,630 | €74,540 | €90,676 | -€43,205 | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,293 | €637,242 | €666,226 | €710,706 | €507,113 | ▼ 28.6% |
| Fixed assets21/28 | €9,548 | €46,164 | €69,207 | €58,381 | €49,641 | ▼ 15.0% |
| Tangible fixed assets22/27 | €9,456 | €46,072 | €69,115 | €58,289 | €49,548 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | €106 | - | - | - | - |
| Furniture and vehicles24 | - | €37,716 | €38,260 | €27,434 | €16,794 | ▼ 38.8% |
| Other tangible fixed assets26 | - | €8,250 | €30,854 | €30,854 | €32,754 | ▲ 6.2% |
| Financial fixed assets28 | €93 | €93 | €93 | €93 | €93 | = |
| Current assets29/58 | €610,745 | €591,077 | €597,019 | €652,325 | €457,473 | ▼ 29.9% |
| Amounts receivable within one year40/41 | €24,565 | €186,582 | €31,449 | €152,635 | €136,866 | ▼ 10.3% |
| Trade receivables40 | - | €25,163 | €19,038 | €152,585 | €133,958 | ▼ 12.2% |
| Other amounts receivable41 | - | €161,419 | €12,412 | €50 | €2,908 | ▲ 5,684% |
| Current investments50/53 | - | - | - | €450,000 | - | - |
| Cash at bank and in hand54/58 | €579,876 | €396,942 | €558,345 | €40,882 | €313,020 | ▲ 666% |
| Deferred charges and accrued income490/1 | - | €7,554 | €7,224 | €8,808 | €7,587 | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,293 | €637,242 | €666,226 | €710,706 | €507,113 | ▼ 28.6% |
| Equity10/15 | €535,169 | €579,552 | €588,638 | €604,265 | €456,833 | ▼ 24.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €516,569 | €560,952 | €570,038 | €585,665 | €479,220 | ▼ 18.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €559,092 | €568,178 | €585,665 | €479,220 | ▼ 18.2% |
| Profit (loss) carried forward14 | - | - | - | - | -€40,987 | - |
| Amounts payable17/49 | €85,124 | €57,690 | €77,588 | €106,441 | €50,281 | ▼ 52.8% |
| Amounts payable within one year42/48 | €84,571 | €56,942 | €76,849 | €106,104 | €50,019 | ▼ 52.9% |
| Financial debts43 | - | €42,804 | €42,989 | €33,452 | €37 | ▼ 99.9% |
| Credit institutions430/8 | - | €42,804 | €42,989 | €33,452 | €37 | ▼ 99.9% |
| Trade debts44 | €11,717 | €5,380 | €6,612 | €11,685 | €10,938 | ▼ 6.4% |
| Suppliers440/4 | - | €5,380 | €6,612 | €11,685 | €10,938 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | €8,627 | €10,946 | €9,256 | €7,798 | ▼ 15.7% |
| Taxes450/3 | - | €8,627 | €10,946 | €9,256 | €7,798 | ▼ 15.7% |
| Other amounts payable47/48 | - | €131 | €16,302 | €51,712 | €31,245 | ▼ 39.6% |
| Accrued charges and deferred income492/3 | - | €748 | €738 | €337 | €262 | ▼ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,116 | €107,630 | €74,540 | €90,676 | -€43,205 | ▼ 148% |
| + Depreciation and write-downs630 | €1,100 | €4,638 | €8,919 | €10,826 | €10,640 | ▼ 1.7% |
| Operating cash flow (approximation) | €110,216 | €112,268 | €83,459 | €101,502 | -€32,565 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€41,254 | -€31,962 | €0 | -€1,900 | - |
| Change in cash | - | -€182,934 | €161,404 | -€517,463 | €272,138 | ▲ 153% |
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
15-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
02-06
State Gazette act
General meeting · Fiscal year
Annual general meeting · Other statement
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet -€43,205
Net result drops to -€43,205, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €109,116 ▲12.2%
Operating result €163,039, net result €109,116, both a record.
30-06
Financial
Equity above €500,000Eq €535,169 ▲25.6%
3 profitable years in a row build equity to €535,169.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2008
Ground area
7,754 m²
Building footprint
265 m²
Volume, LiDAR
1,090 m³
Parcel 31030A0260/00C000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VATKA
since 20082.169.865.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0260/00C000 | Flanders | 7,754 m² | 1 · 265 m² | 6.3 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 35,402 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
Founded07-03-2008
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896289601
Also
9925:BE0896289601
Registered
14-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.