VBK
ActiveSummary
VBK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253k and a net result of €44k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 85% 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
Profitability88▼-11
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 5.58 against 5.36 in 2024; short-term debt: 12% and cash: 36.5% of total assets), and 12.6% of the assets are financed with debt.
Credit check for your own amount and term
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
87.4%
Return on assets
15.1%
Age of the figures
9 mo
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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d early
2023
on the day
← 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
€253k▲ 18.2%
2024 · €214k
Total assets
€290k▲ 16.7%
2024 · €248k
Net result
€44k▼ 26.7%
2024 · €60k
Working capital
€159k▲ 6.6%
2024 · €149k
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
Operating result€54k-€76k▲ 39.7%€58k▼ 24.0%
Net result€43k-€60k▲ 39.8%€44k▼ 26.7%
Equity€155k-€214k▲ 38.6%€253k▲ 18.2%
Total assets€185k-€248k▲ 34.4%€290k▲ 16.7%
Debt€30k-€34k▲ 13.0%€36k▲ 6.9%
Working capital€104k-€149k▲ 42.7%€159k▲ 6.6%
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 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€96k ▲ 47.8%
Current assets
€193k ▲ 5.6%
Equity and liabilities €290k
Equity
€253k ▲ 18.2%
Debt
€36k ▲ 6.9%
Debt's share of the balance-sheet total falls from 13.8% to 12.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▼
2024 · €79k
Cash flow
€47k▼
2024 · €63k
Current ratio
5.58▲
2024 · 5.36
Debt to equity
0.14▼
2024 · 0.16
ROE
17.3%▼
2024 · 27.9%
ROA
15.1%▼
2024 · 24.0%
Interest coverage
34.00▼
2024 · 489.55
Debt ≤ 1 year
€35k▲
2024 · €34k
Income taxes
€12k▼
2024 · €16k
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | ▲ 7.3% |
| Other operating charges640/8 | €322 | €700 | €6k | ▲ 745% |
| Gross operating margin9900 | €56k | €80k | €67k | ▼ 16.1% |
| Operating profit (loss)9901 | €54k | €76k | €58k | ▼ 24.0% |
| Financial charges65/66B | €73 | €161 | €2k | ▲ 1,010% |
| Recurring financial charges65 | €73 | €161 | €2k | ▲ 1,010% |
| Profit (loss) for the period before taxes9903 | €54k | €76k | €56k | ▼ 26.2% |
| Income taxes67/77 | €12k | €16k | €12k | ▼ 24.5% |
| Profit (loss) for the period9904 | €43k | €60k | €44k | ▼ 26.7% |
| Profit (loss) for the period to be appropriated9905 | €43k | €60k | €44k | ▼ 26.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €185k | €248k | €290k | ▲ 16.7% |
| Fixed assets21/28 | €50k | €65k | €96k | ▲ 47.8% |
| Tangible fixed assets22/27 | €50k | €65k | €96k | ▲ 47.8% |
| Land and buildings22 | €2k | €4k | €4k | ▼ 1.9% |
| Plant, machinery and equipment23 | €3k | €3k | €2k | ▼ 13.7% |
| Furniture and vehicles24 | €2k | €5k | €4k | ▼ 21.3% |
| Other tangible fixed assets26 | €42k | €53k | €86k | ▲ 61.6% |
| Current assets29/58 | €135k | €183k | €193k | ▲ 5.6% |
| Amounts receivable within one year40/41 | €39k | €45k | €85k | ▲ 90.1% |
| Trade receivables40 | €430 | €2k | €51k | ▲ 1,970% |
| Other amounts receivable41 | €38k | €42k | €33k | ▼ 21.0% |
| Cash at bank and in hand54/58 | €96k | €138k | €106k | ▼ 23.2% |
| Deferred charges and accrued income490/1 | €132 | €825 | €3k | ▲ 255% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €185k | €248k | €290k | ▲ 16.7% |
| Equity10/15 | €155k | €214k | €253k | ▲ 18.2% |
| Contributions10/11 | €1 | €1 | €1 | = |
| Reserves13 | €154k | €214k | €253k | ▲ 18.2% |
| Distributable reserves133 | €154k | €214k | €253k | ▲ 18.2% |
| Profit (loss) carried forward14 | €552 | €234 | €278 | ▲ 18.9% |
| Amounts payable17/49 | €30k | €34k | €36k | ▲ 6.9% |
| Amounts payable within one year42/48 | €30k | €34k | €35k | ▲ 1.4% |
| Trade debts44 | €4k | €6k | €20k | ▲ 225% |
| Suppliers440/4 | €4k | €6k | €20k | ▲ 225% |
| Taxes, remuneration and social security45 | €21k | €14k | €10k | ▼ 26.8% |
| Taxes450/3 | €19k | €12k | €10k | ▼ 13.7% |
| Remuneration and social security454/9 | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €5k | €14k | €5k | ▼ 66.8% |
| Accrued charges and deferred income492/3 | €61 | €0 | €2k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €60k | €44k | ▼ 26.7% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | ▲ 7.3% |
| Operating cash flow (approximation) | €44k | €63k | €47k | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | €-18k | €-34k | ▼ 91.4% |
| Change in cash | - | €42k | €-32k | ▼ 176% |
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 · micro schema · 31 days late
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €60k ▲39.8%
Operating result €76k, net result €60k, both a record.
31-12
Financial
Equity above €200kEq €214k ▲38.6%
2 profitable years in a row build equity to €214k.
31-07
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, Waterloo · 1 establishment unit since 2021
Ground area
340 m²
Building footprint
85 m²
Parcel 25110D0598/00A000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VBK
since 20212.318.832.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110D0598/00A000 | Wallonia | 340 m² | 1 · 85 m² | - |
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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,874 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
Founded03-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
73110Advertising agencies
73200Market research and public opinion polling
78100Employment placement agencies
82300Organisation of conventions and trade shows
Contact
E-mail
BCH@BCHPARTNERS.BEWaterloo
Phone
028524422Waterloo
Scores and ratios are computed by Checked and are not a credit decision.