Equity
-€32,973
Debts exceed assets in financial year 2025.
VBXL
Lifetime
7 annual accounts with figures on one time axispeak €8,213 (2024)
€7,510▼ 8.6%
lowest -€18,806 (2022)
-€954▼ €170
peak €6,968 (2019)
-€32,973▼ €954
€47,291▼ 25.3%
Board1 name since 2019
1 directorBISCHOF Beate Erika
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Loss of €954Debts from €63,272 to €47,291Cash from €1,795 to €89
Key points
from the 2025 annual accountsLosses
-€39,941 in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €35,000 estimated
The micro format states no turnover.
Debts
€47,291 330% of the balance sheet
Filings
7 annual accounts 7 late
The 2021 accounts came latest: 379 days after the end of the period.
Position in the sector
-230.3%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 39,368 companies.
Checked score
50
Fair
Financially stronger than 17% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.4%▲ +0.3 percentage points vs 07-2025
09-2025: 1.6%▲ +0.2 percentage points vs 08-2025
10-2025: 0.6%▼ -1.0 percentage point vs 09-2025lowest value
11-2025: 0.6%● unchanged vs 10-2025lowest value
12-2025: 0.6%● unchanged vs 11-2025lowest value
01-2026: 0.6%● unchanged vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026lowest value
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.5 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 4.0%▲ +2.9 percentage points vs 07-2026highest value
09-2026: 2.5%▼ -1.5 percentage points vs 08-2026
10-2026: 2.4%▼ -0.1 percentage points vs 09-2026
11-2026: 2.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€32,973
lowers risk
Size: total assets €14,318
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 2% on liquidity, 27% on profitability and 34% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as VBXL has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VBXL itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for VBXL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.2 in 2024), below 1. Short-term debt is 330.3% and cash 0.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€32,973
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
6 days late
2024
29 days late
2023
99 days late
2022
88 days late
2021
379 days late
2020
153 days late
2019
35 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 113 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 October (4 of the last 5 accounts filed within 82 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Brussels
New registered office: 13 Avenue Charle-Albert, 1170 Bruxelles · Previous registered office: Boulevard Bischoffsheim 39 Boîte 4 1000 Bruxelles · General meeting of 24-06-2026 · Gazette deed
Address struck
effective 27-04-2026 · KBO administration
Registered office moved from Ixelles to Brussels
New registered office: boulevard Bischoffsheim 39 boîte 4, 1000 Bruxelles · Previous registered office: Rue Saint-Boniface 35, 1050 Ixelles · Change of role: BISCHOF Beate Erika, from manager to director · Gazette deed
Incorporation
Founders: Beate Erika BISCHOF and Stéphane RADONJIC · Founding capital of €18,600, 186 shares · Appointment: Beate Erika BISCHOF (manager) · published on 04-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VBXL Watermael-Boitsfort | €14,318 | €7,510 | -230.3% | - |
| RISE SPIRIT Woluwe-Saint-Lambert | €14,937 | €7,398 | 43.8% | - |
| TSDesign Grez-Doiceau | €16,146 | €6,613 | 14.5% | - |
| WannaGoPeak Sint-Gillis-Waas | €16,825 | €6,349 | 92.9% | - |
| Fuesion Antwerp | €18,308 | €7,329 | -86.3% | - |
| ATG Aywaille | €14,749 | €5,977 | 91.8% | - |
| OFTA SENCO Woluwe-Saint-Pierre | €14,571 | €8,355 | -256.1% | - |
These companies have the same main activity as VBXL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €14,600 and €18,300, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 28-02-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.286.805.7811050 Ixelles, since 28-02-2019
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on VBXL
VBXL files the micro format. That format states no turnover. The gross margin rose from €1,768 in 2019 to €7,510 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VBXL
- What is the company number of VBXL?
- The company number of VBXL is 0721.697.420. The VAT number is the same number with BE in front: BE 0721.697.420.
- Where is VBXL based?
- The registered office is at Charle-Albertlaan 13, 1170 Watermael-Boitsfort.Company details
- What does VBXL do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of VBXL?
- VBXL is a private limited company (BV).
- When was VBXL founded?
- VBXL was founded on 28-02-2019.
- Is VBXL still active?
- Yes, VBXL is an active enterprise in the KBO register.
- What is the turnover of VBXL?
- The turnover in financial year 2025 is ≈ €35,000. This figure is estimated from the gross margin of €7,510 and 206 comparable companies (NACE 70200). It probably lies between €16,000 and €70,000. It is a rough estimate.Financials
- Is VBXL profitable?
- In financial year 2025, VBXL made a loss of €954.
- Where can I find the annual accounts of VBXL?
- VBXL filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VBXL due?
- VBXL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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