Summary
VC MANAGING has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €188k and a net result of €13k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 27965 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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 · 10 filingsDeviation from the deadline
2025
16 d late
2024
10 d early
2023
9 d late
2022
8 d early
2021
3 d early
2020
47 d late
2019
48 d late
← before the deadline
after the deadline →
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€188k▲ 7.1%
2024 · €175k
2019: €152klowest in 7 years
2020: €153k▲ +0.5% vs 2019
2021: €164k▲ +7.3% vs 2020
2022: €175k▲ +7.0% vs 2021
2023: €177k▲ +0.9% vs 2022
2024: €175k▼ -1.0% vs 2023
2025: €188k▲ +7.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€289k▼ 5.2%
2024 · €305k
2019: €293k
2020: €283k▼ -3.5% vs 2019lowest in 7 years
2021: €301k▲ +6.4% vs 2020
2022: €301k▲ +0.2% vs 2021
2023: €350k▲ +16.1% vs 2022highest in 7 years
2024: €305k▼ -13.0% vs 2023
2025: €289k▼ -5.2% vs 2024
2019 → 2025
Net result
€13k
2024 · €-934
2019: €6k
2020: €784▼ -85.9% vs 2019
2021: €12k▲ +1429% vs 2020
2022: €12k▲ +2.2% vs 2021
2023: €2k▼ -79.9% vs 2022
2024: €-934▼ -138% vs 2023lowest in 7 years
2025: €13k▲ +1516% vs 2024highest in 7 years
2019 → 2025
Working capital
€259▼ 98.8%
2024 · €21k
2019: €2k
2020: €-8k▼ -548% vs 2019lowest in 7 years
2021: €23k▲ +385% vs 2020
2022: €28k▲ +22.1% vs 2021
2023: €53k▲ +85.4% vs 2022highest in 7 years
2024: €21k▼ -60.5% vs 2023
2025: €259▼ -98.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€175k▲ 7.0%€177k▲ 0.9%€175k▼ 1.0%€188k▲ 7.1%
2021: €164klowest in 5 years
2022: €175k▲ +7.0% vs 2021
2023: €177k▲ +0.9% vs 2022
2024: €175k▼ -1.0% vs 2023
2025: €188k▲ +7.1% vs 2024highest in 5 years
Operating result€18k-€21k▲ 18.7%€12k▼ 42.8%€12k▼ 3.2%€24k▲ 109%
2021: €18k
2022: €21k▲ +18.7% vs 2021
2023: €12k▼ -42.8% vs 2022
2024: €12k▼ -3.2% vs 2023lowest in 5 years
2025: €24k▲ +109% vs 2024highest in 5 years
Net result€12k-€12k▲ 2.2%€2k▼ 79.9%€-934€13k
2021: €12k
2022: €12k▲ +2.2% vs 2021
2023: €2k▼ -79.9% vs 2022
2024: €-934▼ -138% vs 2023lowest in 5 years
2025: €13k▲ +1516% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 109% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €289k
Fixed assets
€253k ▲ 1.2%
Current assets
€35k ▼ 34.6%
Equity and liabilities €289k
Equity
€188k ▲ 7.1%
Debt
€101k ▼ 21.8%
Debt's share of the balance-sheet total falls from 42.4% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.0%▲
2024 · -0.5%
ROA
4.6%▲
2024 · -0.3%
Debt ≤ 1 year
€35k▲
2024 · €33k
Debt > 1 year
€66k▼
2024 · €96k
Income taxes
€6k▼
2024 · €7k
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€305k€289k▼
Fixed assets21/28€250k€253k▲
Tangible fixed assets22/27€432€3k▲
Furniture and vehicles24€432€3k▲
Financial fixed assets28€250k€250k=
Current assets29/58€54k€35k▼
Amounts receivable within one year40/41€45k€13k▼
Trade receivables40€44k€11k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€8k€22k▲
Deferred charges and accrued income490/1€515€491▼
Equity and liabilities
Total equity and liabilities10/49€305k€289k▼
Equity10/15€175k€188k▲
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€148k€160k▲
Amounts payable17/49€129k€101k▼
Amounts payable after more than one year17€96k€66k▼
Financial debts170/4€57k€44k▼
Other amounts payable178/9€39k€22k▼
Amounts payable within one year42/48€33k€35k▲
Current portion of amounts payable after more than one year42€11k€13k▲
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€17k€15k▼
Taxes450/3€17k€15k▼
Other amounts payable47/48€560€583▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€165€499▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€20k€29k▲
Operating profit (loss)9901€12k€24k▲
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€6k€19k▲
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€-934€13k▲
Profit (loss) for the period to be appropriated9905€-934€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€161k▲
Profit (loss) brought forward from the previous period14P€150k€148k▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (8 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 | €4k | €64 | €165 | €165 | €499 | ▲ 202% |
| Other operating charges640/8 | - | €2k | €5k | €8k | €4k | ▼ 46.9% |
| Gross operating margin9900 | €22k | €23k | €17k | €20k | €29k | ▲ 47.3% |
| Operating profit (loss)9901 | €18k | €21k | €12k | €12k | €24k | ▲ 109% |
| Financial income75/76B | - | €12 | - | €1 | €1 | ▼ 39.8% |
| Recurring financial income75 | €0 | €12 | - | €1 | €1 | ▼ 39.8% |
| Financial charges65/66B | - | €990 | €5k | €6k | €5k | ▼ 12.0% |
| Recurring financial charges65 | €2k | €990 | €5k | €6k | €5k | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €16k | €20k | €7k | €6k | €19k | ▲ 226% |
| Income taxes67/77 | €4k | €8k | €4k | €7k | €6k | ▼ 10.9% |
| Profit (loss) for the period9904 | €12k | €12k | €2k | €-934 | €13k | ▲ 1,516% |
| Profit (loss) for the period to be appropriated9905 | €12k | €12k | €2k | €-934 | €13k | ▲ 1,516% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301k | €301k | €350k | €305k | €289k | ▼ 5.2% |
| Fixed assets21/28 | €250k | €251k | €251k | €250k | €253k | ▲ 1.2% |
| Tangible fixed assets22/27 | - | €763 | €597 | €432 | €3k | ▲ 695% |
| Furniture and vehicles24 | - | €763 | €597 | €432 | €3k | ▲ 695% |
| Financial fixed assets28 | €250k | €250k | €250k | €250k | €250k | = |
| Current assets29/58 | €51k | €51k | €99k | €54k | €35k | ▼ 34.6% |
| Amounts receivable within one year40/41 | €50k | €42k | €63k | €45k | €13k | ▼ 71.1% |
| Trade receivables40 | - | €41k | €62k | €44k | €11k | ▼ 74.6% |
| Other amounts receivable41 | - | €1k | €1k | €1k | €2k | ▲ 42.9% |
| Cash at bank and in hand54/58 | €374 | €8k | €36k | €8k | €22k | ▲ 168% |
| Deferred charges and accrued income490/1 | - | €170 | €153 | €515 | €491 | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301k | €301k | €350k | €305k | €289k | ▼ 5.2% |
| Equity10/15 | €164k | €175k | €177k | €175k | €188k | ▲ 7.1% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €136k | €148k | €150k | €148k | €160k | ▲ 8.4% |
| Amounts payable17/49 | €137k | €126k | €173k | €129k | €101k | ▼ 21.8% |
| Amounts payable after more than one year17 | €108k | €104k | €126k | €96k | €66k | ▼ 31.2% |
| Financial debts170/4 | - | €47k | €70k | €57k | €44k | ▼ 22.7% |
| Other amounts payable178/9 | - | €57k | €57k | €39k | €22k | ▼ 43.9% |
| Amounts payable within one year42/48 | €27k | €22k | €47k | €33k | €35k | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €13k | €11k | €13k | ▲ 14.3% |
| Financial debts43 | - | - | - | €1k | - | - |
| Credit institutions430/8 | - | - | - | €1k | - | - |
| Trade debts44 | €2k | €3k | €6k | €3k | €7k | ▲ 106% |
| Suppliers440/4 | - | €3k | €6k | €3k | €7k | ▲ 106% |
| Taxes, remuneration and social security45 | - | €12k | €26k | €17k | €15k | ▼ 12.3% |
| Taxes450/3 | - | €12k | €25k | €17k | €15k | ▼ 12.3% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | - | €560 | €560 | €560 | €583 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €12k | €2k | €-934 | €13k | ▲ 1,516% |
| + Depreciation and write-downs630 | €4k | €64 | €165 | €165 | €499 | ▲ 202% |
| Operating cash flow (approximation) | €16k | €12k | €3k | €-769 | €14k | ▲ 1,886% |
| Investment in fixed assets (approximation) | - | €-826 | €0 | €0 | €-4k | - |
| Change in cash | - | €8k | €27k | €-28k | €14k | ▲ 149% |
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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-934
Net result drops to €-934, the lowest in the series; recovery starts the following year.
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 1.85
Current ratio from 0.78 to 1.85; short-term debt falls from €37k to €27k.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 131 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 205 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
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, Binche · 1 establishment unit since 2011
Ground area
571 m²
Building footprint
406 m²
Volume, LiDAR
4,002 m³
2 parcels, Brussels, Wallonia · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VC MANAGING
since 20112.196.577.074
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55032A0390/00Z002 | Wallonia | 293 m² | 1 · 313 m² | 12.2 m · 3 fl. |
| 21342B0095/00B002 | Brussels | 277 m² | 1 · 93 m² | 16.2 m · 4 fl. |
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 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,616 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 (pre-2019)
Founded08-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
43120Site preparation
43130Specialised construction activities
43990Other specialised construction activities
64210Activities of holding companies
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.