VB CONSULT
ActiveSummary
VB CONSULT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €55k. Equity is growing by ~156% per year across the filed fiscal years. Its solvency ranks better than 73% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+18
Solvency100▲+26
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.4 in 2024; short-term debt: 7.9% and cash: 0.4% of total assets), and 23% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
77%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
12 d early
2023
30 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€93k
EBIT margin
56.2%
Net result
€55k▲ 7.3%
2024 · €51k
Working capital
€-121k▼ 17.2%
2024 · €-103k
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
Line202320242025
Turnover€93k-
Operating result€52k-€73k▲ 39.4%€80k▲ 10.1%
Net result€40k-€51k▲ 28.6%€55k▲ 7.3%
EBIT margin56.2%-
Equity€43k-€454k▲ 963%€1.46M▲ 221%
Total assets€58k-€929k▲ 1,507%€1.89M▲ 104%
Debt€15k-€475k▲ 3,038%€435k▼ 8.6%
Working capital€43k-€-103k€-121k▼ 17.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€1.86M ▲ 117%
Current assets
€29k ▼ 58.1%
Equity and liabilities €1.89M
Equity
€1.46M ▲ 221%
Debt
€435k ▼ 8.6%
Debt's share of the balance-sheet total falls from 51.2% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k
Cash flow
€55k
Current ratio
0.19▼
2024 · 0.40
Debt to equity
0.30▼
2024 · 1.05
ROE
3.8%▼
2024 · 11.2%
ROA
2.9%▼
2024 · 5.5%
Interest coverage
5.54
Debt ≤ 1 year
€150k▼
2024 · €172k
Debt > 1 year
€285k▼
2024 · €303k
Income taxes
€13k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €93k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €41k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €130 | - |
| Other operating charges640/8 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €53k | €73k | €81k | ▲ 10.3% |
| Operating profit (loss)9901 | €52k | €73k | €80k | ▲ 10.1% |
| Financial income75/76B | €503 | €2k | €2k | ▼ 2.6% |
| Recurring financial income75 | €503 | €2k | €2k | ▼ 2.6% |
| Financial charges65/66B | €47 | €11k | €15k | ▲ 36.6% |
| Recurring financial charges65 | €47 | €11k | €15k | ▲ 36.6% |
| Profit (loss) for the period before taxes9903 | €53k | €64k | €68k | ▲ 5.4% |
| Income taxes67/77 | €13k | €13k | €13k | ▼ 2.0% |
| Profit (loss) for the period9904 | €40k | €51k | €55k | ▲ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €40k | €51k | €55k | ▲ 7.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58k | €929k | €1.89M | ▲ 104% |
| Fixed assets21/28 | - | €860k | €1.86M | ▲ 117% |
| Tangible fixed assets22/27 | - | - | €4k | - |
| Plant, machinery and equipment23 | - | - | €3k | - |
| Furniture and vehicles24 | - | - | €1k | - |
| Financial fixed assets28 | - | €860k | €1.86M | ▲ 116% |
| Current assets29/58 | €58k | €69k | €29k | ▼ 58.1% |
| Amounts receivable within one year40/41 | €17k | €48k | €21k | ▼ 56.1% |
| Other amounts receivable41 | €17k | €48k | €21k | ▼ 56.1% |
| Cash at bank and in hand54/58 | €41k | €21k | €8k | ▼ 62.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58k | €929k | €1.89M | ▲ 104% |
| Equity10/15 | €43k | €454k | €1.46M | ▲ 221% |
| Contributions10/11 | €3k | €433k | €433k | = |
| Revaluation surpluses12 | - | - | €1.00M | - |
| Profit (loss) carried forward14 | €40k | €21k | €25k | ▲ 22.9% |
| Amounts payable17/49 | €15k | €475k | €435k | ▼ 8.6% |
| Amounts payable after more than one year17 | - | €303k | €285k | ▼ 6.1% |
| Financial debts170/4 | - | €303k | €219k | ▼ 27.8% |
| Other amounts payable178/9 | - | - | €66k | - |
| Amounts payable within one year42/48 | €15k | €172k | €150k | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €81k | €84k | ▲ 4.2% |
| Trade debts44 | €148 | €175 | €1k | ▲ 542% |
| Suppliers440/4 | €148 | €175 | €1k | ▲ 542% |
| Taxes, remuneration and social security45 | €15k | €21k | €14k | ▼ 32.1% |
| Taxes450/3 | €15k | €21k | €14k | ▼ 32.1% |
| Other amounts payable47/48 | - | €70k | €50k | ▼ 28.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €51k | €55k | ▲ 7.3% |
| + Depreciation and write-downs630 | - | - | €130 | - |
| Operating cash flow (approximation) | €40k | €51k | €55k | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | - | €-1.00M | - |
| Change in cash | - | €-20k | €-13k | ▲ 32.7% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €55k ▲7.3%
Operating result €80k, net result €55k, both a record.
31-12
Financial
Equity above €1MEq €1.46M ▲221%
3 profitable years in a row build equity to €1.46M.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €454k ▲963%
2 profitable years in a row build equity to €454k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Fernelmont · 1 establishment unit since 2023
Ground area
7,705 m²
Building footprint
86 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Branchon, Forv. 99C, 5380 Fernelmont
since 20232.345.155.835
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047C0462/00E000 | Wallonia | 7,425 m² | 1 · 18 m² | - |
| 92047C0375/00Z000 | Wallonia | 280 m² | 1 · 67 m² | - |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 23,663 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
Founded28-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.vb-consult.be
E-mail
steve@vb-consult.be
Scores and ratios are computed by Checked and are not a credit decision.