VBRIDGE
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 21-10-2025, 102 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
102 d early
2024
11 d early
2023
97 d early
2022
15 d early
2021
52 d early
2020
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€215,879▲ 44.4%
2024 · €149,470
Total assets
€435,551▲ 53.0%
2024 · €284,735
Net result
€66,410▲ 153%
2024 · €26,255
Working capital
€206,676▲ 62.9%
2024 · €126,849
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€55,889▲ 44.2%€51,909▼ 7.1%€112,092▲ 116%€37,722▼ 66.3%€95,850▲ 154%
Net result€43,494▲ 64.9%€33,343▼ 23.3%€80,404▲ 141%€26,255▼ 67.3%€66,410▲ 153%
Equity€99,871▲ 77.1%€133,214▲ 33.4%€133,214=€149,470▲ 12.2%€215,879▲ 44.4%
Total assets€155,444▲ 32.4%€275,679▲ 77.3%€362,135▲ 31.4%€284,735▼ 21.4%€435,551▲ 53.0%
Debt€55,573▼ 8.9%€142,465▲ 156%€228,921▲ 60.7%€135,265▼ 40.9%€219,672▲ 62.4%
Working capital€98,272▲ 80.8%€124,707▲ 26.9%€121,307▼ 2.7%€126,849▲ 4.6%€206,676▲ 62.9%
Staff (FTE)1.1▲ 22.2%2.7▲ 145%3.3▲ 22.2%1▼ 69.7%1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 154% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,551
Fixed assets
€28,159 ▼ 41.3%
Current assets
€407,391 ▲ 72.1%
Equity and liabilities €435,551
Equity
€215,879 ▲ 44.4%
Debt
€219,672 ▲ 62.4%
Debt's share of the balance-sheet total rises from 47.5% to 50.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,566▲
2024 · €53,603
Cash flow
€75,126▲
2024 · €42,136
Current ratio
2.03▼
2024 · 2.15
Debt to equity
1.02▲
2024 · 0.90
ROE
30.8%▲
2024 · 17.6%
ROA
15.2%▲
2024 · 9.2%
Interest coverage
20.52▼
2024 · 31.84
Debt ≤ 1 year
€200,716▲
2024 · €109,881
Debt > 1 year
€18,956▼
2024 · €25,370
Income taxes
€24,345▲
2024 · €9,789
Staff costs
€52,401▼
2024 · €70,208
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 | - | - | - | - | €6,870 | - |
| Remuneration, social security and pensions62 | - | €128,845 | €182,908 | €70,208 | €52,401 | ▼ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €592 | €1,804 | €13,782 | €15,881 | €8,716 | ▼ 45.1% |
| Other operating charges640/8 | - | €1,516 | €3,340 | €1,346 | €688 | ▼ 48.9% |
| Gross operating margin9900 | €114,651 | €184,073 | €312,122 | €125,157 | €157,655 | ▲ 26.0% |
| Operating profit (loss)9901 | €55,889 | €51,909 | €112,092 | €37,722 | €95,850 | ▲ 154% |
| Financial income75/76B | - | €13 | €2 | €6 | €0 | ▼ 100% |
| Recurring financial income75 | - | €13 | €2 | €6 | €0 | ▼ 100% |
| Financial charges65/66B | - | €1,113 | €1,576 | €1,684 | €5,096 | ▲ 203% |
| Recurring financial charges65 | €827 | €1,113 | €1,576 | €1,684 | €5,096 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €55,062 | €50,809 | €110,518 | €36,045 | €90,754 | ▲ 152% |
| Income taxes67/77 | €11,567 | €17,466 | €30,115 | €9,789 | €24,345 | ▲ 149% |
| Profit (loss) for the period9904 | €43,494 | €33,343 | €80,404 | €26,255 | €66,410 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €43,494 | €33,343 | €80,404 | €26,255 | €66,410 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,444 | €275,679 | €362,135 | €284,735 | €435,551 | ▲ 53.0% |
| Fixed assets21/28 | €1,599 | €38,166 | €26,325 | €48,005 | €28,159 | ▼ 41.3% |
| Tangible fixed assets22/27 | €1,599 | €38,166 | €26,325 | €48,005 | €28,159 | ▼ 41.3% |
| Furniture and vehicles24 | - | €38,166 | €26,325 | €48,005 | €28,159 | ▼ 41.3% |
| Current assets29/58 | €153,845 | €237,513 | €335,810 | €236,730 | €407,391 | ▲ 72.1% |
| Amounts receivable within one year40/41 | €68,121 | €120,611 | €193,951 | €182,758 | €221,697 | ▲ 21.3% |
| Trade receivables40 | - | €119,921 | €193,951 | €161,259 | €220,404 | ▲ 36.7% |
| Other amounts receivable41 | - | €691 | €0 | €21,499 | €1,292 | ▼ 94.0% |
| Cash at bank and in hand54/58 | €85,273 | €115,380 | €140,119 | €51,306 | €178,407 | ▲ 248% |
| Deferred charges and accrued income490/1 | - | €1,522 | €1,740 | €2,666 | €7,287 | ▲ 173% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,444 | €275,679 | €362,135 | €284,735 | €435,551 | ▲ 53.0% |
| Equity10/15 | €99,871 | €133,214 | €133,214 | €149,470 | €215,879 | ▲ 44.4% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €69,871 | €103,214 | €103,214 | €119,470 | €185,879 | ▲ 55.6% |
| Distributable reserves133 | - | €103,214 | €103,214 | €119,470 | €185,879 | ▲ 55.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €55,573 | €142,465 | €228,921 | €135,265 | €219,672 | ▲ 62.4% |
| Amounts payable after more than one year17 | - | €29,658 | €14,418 | €25,370 | €18,956 | ▼ 25.3% |
| Financial debts170/4 | - | €29,658 | €14,418 | €25,370 | €18,956 | ▼ 25.3% |
| Amounts payable within one year42/48 | €55,573 | €112,807 | €214,503 | €109,881 | €200,716 | ▲ 82.7% |
| Current portion of amounts payable after more than one year42 | - | €12,595 | €14,082 | €20,591 | €6,414 | ▼ 68.9% |
| Financial debts43 | - | - | €293 | €422 | €141 | ▼ 66.5% |
| Credit institutions430/8 | - | - | €293 | €422 | €141 | ▼ 66.5% |
| Trade debts44 | €32,203 | €61,033 | €72,566 | €54,645 | €138,907 | ▲ 154% |
| Suppliers440/4 | - | €61,033 | €72,566 | €54,645 | €138,907 | ▲ 154% |
| Taxes, remuneration and social security45 | - | €39,179 | €47,003 | €24,059 | €55,090 | ▲ 129% |
| Taxes450/3 | - | €25,961 | €25,406 | €20,213 | €49,149 | ▲ 143% |
| Remuneration and social security454/9 | - | €13,218 | €21,598 | €3,846 | €5,941 | ▲ 54.4% |
| Other amounts payable47/48 | - | - | €80,559 | €10,164 | €164 | ▼ 98.4% |
| Accrued charges and deferred income492/3 | - | - | - | €15 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,494 | €33,343 | €80,404 | €26,255 | €66,410 | ▲ 153% |
| + Depreciation and write-downs630 | €592 | €1,804 | €13,782 | €15,881 | €8,716 | ▼ 45.1% |
| Operating cash flow (approximation) | €44,086 | €35,146 | €94,186 | €42,136 | €75,126 | ▲ 78.3% |
| Investment in fixed assets (approximation) | - | -€38,370 | -€1,941 | -€37,561 | €11,130 | ▲ 130% |
| Change in cash | - | €30,107 | €24,739 | -€88,814 | €127,102 | ▲ 243% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Equity above €200,000Eq €215,879 ▲44.4%
6 profitable years in a row build equity to €215,879.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €26,255 ▼67.3%
Net result drops to €26,255, the lowest in the series.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2020net €80,404 ▲141%
Operating result €112,092, net result €80,404, both a record.
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €100,000Eq €133,214 ▲33.4%
3 profitable years in a row build equity to €133,214.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
2 ownersOwners 2
-
25%
- Sourceaccounts IntOps 202410%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.