VBConseil
ActiveSummary
VBConseil has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €118k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency31▼-19
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.24 in 2024; short-term debt: 82.2% and cash: 7.3% of total assets), and 94.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
5.8%
Return on assets
33.6%
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 13% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 13%
← weakest
strongest →
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 23-02-2026, 158 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
158 d early
2024
132 d early
2023
20 d late
2022
29 d late
2021
26 d late
2020
30 d late
2019
123 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
Equity
€20k▼ 87.3%
2024 · €161k
2019: €99k
2020: €239k▲ +141% vs 2019
2021: €401k▲ +67.5% vs 2020highest in 7 years
2022: €251k▼ -37.2% vs 2021
2023: €251k● 0.0% vs 2022
2024: €161k▼ -36.2% vs 2023
2025: €20k▼ -87.3% vs 2024lowest in 7 years
2019 → 2025
Total assets
€350k▼ 45.2%
2024 · €639k
2019: €142klowest in 7 years
2020: €337k▲ +137% vs 2019
2021: €452k▲ +34.0% vs 2020
2022: €329k▼ -27.1% vs 2021
2023: €367k▲ +11.3% vs 2022
2024: €639k▲ +74.1% vs 2023highest in 7 years
2025: €350k▼ -45.2% vs 2024
2019 → 2025
Net result
€118k▼ 66.0%
2024 · €346k
2019: €93klowest in 7 years
2020: €140k▲ +50.9% vs 2019
2021: €149k▲ +6.4% vs 2020
2022: €157k▲ +5.6% vs 2021
2023: €103k▼ -34.5% vs 2022
2024: €346k▲ +236% vs 2023highest in 7 years
2025: €118k▼ -66.0% vs 2024
2019 → 2025
Working capital
€-34k
2024 · €111k
2019: €97k
2020: €234k▲ +140% vs 2019
2021: €354k▲ +51.2% vs 2020highest in 7 years
2022: €212k▼ -40.2% vs 2021
2023: €219k▲ +3.4% vs 2022
2024: €111k▼ -49.5% vs 2023
2025: €-34k▼ -131% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€401k-€251k▼ 37.2%€251k=€161k▼ 36.2%€20k▼ 87.3%
2021: €401khighest in 5 years
2022: €251k▼ -37.2% vs 2021
2023: €251k● 0.0% vs 2022
2024: €161k▼ -36.2% vs 2023
2025: €20k▼ -87.3% vs 2024lowest in 5 years
Operating result€196k-€208k▲ 6.2%€133k▼ 36.3%€156k▲ 18.0%€145k▼ 7.2%
2021: €196k
2022: €208k▲ +6.2% vs 2021highest in 5 years
2023: €133k▼ -36.3% vs 2022lowest in 5 years
2024: €156k▲ +18.0% vs 2023
2025: €145k▼ -7.2% vs 2024
Net result€149k-€157k▲ 5.6%€103k▼ 34.5%€346k▲ 236%€118k▼ 66.0%
2021: €149k
2022: €157k▲ +5.6% vs 2021
2023: €103k▼ -34.5% vs 2022lowest in 5 years
2024: €346k▲ +236% vs 2023highest in 5 years
2025: €118k▼ -66.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€97k ▲ 30.1%
Current assets
€253k ▼ 55.1%
Equity and liabilities €350k
Equity
€20k ▼ 87.3%
Debt
€329k ▼ 31.1%
Debt's share of the balance-sheet total rises from 74.9% to 94.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€163k▼
2024 · €175k
Cash flow
€136k▼
2024 · €365k
Current ratio
0.88▼
2024 · 1.24
Debt to equity
16.14▲
2024 · 2.98
ROE
576.0%▲
2024 · 215.4%
ROA
33.6%▼
2024 · 54.2%
Interest coverage
75.04▼
2024 · 99.12
Debt ≤ 1 year
€288k▼
2024 · €454k
Debt > 1 year
€42k▲
2024 · €24k
Income taxes
€34k▼
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€639k€350k▼
Fixed assets21/28€74k€97k▲
Tangible fixed assets22/27€73k€96k▲
Furniture and vehicles24€70k€93k▲
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€564k€253k▼
Amounts receivable within one year40/41€35k€15k▼
Trade receivables40€35k€15k▼
Other amounts receivable41-€60
Current investments50/53€490k€190k▼
Cash at bank and in hand54/58€39k€26k▼
Deferred charges and accrued income490/1€307€23k▲
Equity and liabilities
Total equity and liabilities10/49€639k€350k▼
Equity10/15€161k€20k▼
Contributions10/11€19k€19k=
Reserves13€142k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€140k-
Amounts payable17/49€478k€329k▼
Amounts payable after more than one year17€24k€42k▲
Financial debts170/4€24k€42k▲
Amounts payable within one year42/48€454k€288k▼
Current portion of amounts payable after more than one year42€9k€19k▲
Trade debts44€969€3k▲
Suppliers440/4€969€3k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48€438k€258k▼
Accrued charges and deferred income492/3€626-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€177k€165k▼
Operating profit (loss)9901€156k€145k▼
Financial income75/76B€230k€9k▼
Recurring financial income75€230k€9k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€384k€152k▼
Income taxes67/77€38k€34k▼
Profit (loss) for the period9904€346k€118k▼
Profit (loss) for the period to be appropriated9905€346k€118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€346k€118k▼
Transfer from equity791/2€91k€140k▲
Profit to be distributed694/7€437k€258k▼
Return on contributions (dividend)694€437k€258k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €14k | €13k | €19k | €18k | ▼ 4.9% |
| Other operating charges640/8 | €3k | €2k | €2k | €2k | €2k | ▲ 25.6% |
| Gross operating margin9900 | €203k | €223k | €148k | €177k | €165k | ▼ 6.7% |
| Operating profit (loss)9901 | €196k | €208k | €133k | €156k | €145k | ▼ 7.2% |
| Financial income75/76B | €0 | €14 | €4k | €230k | €9k | ▼ 96.0% |
| Recurring financial income75 | €0 | €14 | €4k | €230k | €9k | ▼ 96.0% |
| Financial charges65/66B | €103 | €75 | €277 | €2k | €2k | ▲ 22.9% |
| Recurring financial charges65 | €103 | €75 | €277 | €2k | €2k | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €196k | €208k | €136k | €384k | €152k | ▼ 60.4% |
| Income taxes67/77 | €47k | €51k | €33k | €38k | €34k | ▼ 10.4% |
| Profit (loss) for the period9904 | €149k | €157k | €103k | €346k | €118k | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €149k | €157k | €103k | €346k | €118k | ▼ 66.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452k | €329k | €367k | €639k | €350k | ▼ 45.2% |
| Fixed assets21/28 | €46k | €40k | €32k | €74k | €97k | ▲ 30.1% |
| Tangible fixed assets22/27 | €45k | €38k | €30k | €73k | €96k | ▲ 30.5% |
| Furniture and vehicles24 | €45k | €38k | €30k | €70k | €93k | ▲ 33.0% |
| Other tangible fixed assets26 | - | - | - | €3k | €2k | ▼ 22.8% |
| Financial fixed assets28 | €2k | €2k | €3k | €1k | €1k | = |
| Current assets29/58 | €405k | €289k | €334k | €564k | €253k | ▼ 55.1% |
| Amounts receivable within one year40/41 | €10k | €30k | €87k | €35k | €15k | ▼ 57.0% |
| Trade receivables40 | €10k | €30k | €20k | €35k | €15k | ▼ 57.1% |
| Other amounts receivable41 | - | €82 | €67k | - | €60 | - |
| Current investments50/53 | - | €247k | - | €490k | €190k | ▼ 61.2% |
| Cash at bank and in hand54/58 | €395k | €12k | €247k | €39k | €26k | ▼ 34.6% |
| Deferred charges and accrued income490/1 | €553 | €284 | €298 | €307 | €23k | ▲ 7,300% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452k | €329k | €367k | €639k | €350k | ▼ 45.2% |
| Equity10/15 | €401k | €251k | €251k | €161k | €20k | ▼ 87.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | €19k | - | - | - |
| Other1109/19 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €233k | €233k | €233k | €142k | €2k | ▼ 98.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €231k | €231k | €231k | €140k | - | - |
| Profit (loss) carried forward14 | €149k | - | - | - | - | - |
| Amounts payable17/49 | €51k | €78k | €115k | €478k | €329k | ▼ 31.1% |
| Amounts payable after more than one year17 | - | - | - | €24k | €42k | ▲ 75.7% |
| Financial debts170/4 | - | - | - | €24k | €42k | ▲ 75.7% |
| Amounts payable within one year42/48 | €51k | €77k | €115k | €454k | €288k | ▼ 36.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €19k | ▲ 104% |
| Trade debts44 | €390 | €2k | €3k | €969 | €3k | ▲ 211% |
| Suppliers440/4 | €390 | €2k | €3k | €969 | €3k | ▲ 211% |
| Taxes, remuneration and social security45 | €51k | €58k | €10k | €6k | €9k | ▲ 47.4% |
| Taxes450/3 | €51k | €58k | €10k | €6k | €9k | ▲ 47.4% |
| Other amounts payable47/48 | €69 | €17k | €103k | €438k | €258k | ▼ 41.2% |
| Accrued charges and deferred income492/3 | - | €436 | - | €626 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149k | €157k | €103k | €346k | €118k | ▼ 66.0% |
| + Depreciation and write-downs630 | €5k | €14k | €13k | €19k | €18k | ▼ 4.9% |
| Operating cash flow (approximation) | €154k | €171k | €116k | €365k | €136k | ▼ 62.8% |
| Investment in fixed assets (approximation) | - | €-7k | €-6k | €-61k | €-41k | ▲ 33.5% |
| Change in cash | - | €-383k | €235k | €-208k | €-14k | ▲ 93.5% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €346k ▲236%
Net result €346k, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 7.92
Current ratio from 3.40 to 7.92; short-term debt falls from €98k to €51k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €200kEq €239k ▲141%
2 profitable years in a row build equity to €239k.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Quévy · 1 establishment unit since 2018
Ground area
1,148 m²
Building footprint
114 m²
Volume, LiDAR
777 m³
Parcel 53067B0493/00F000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VBConseil
since 20182.281.210.267
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53067B0493/00F000 | Wallonia | 1,148 m² | 1 · 114 m² | 8.7 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.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,594 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
Founded10-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.