VCM
ActiveVCM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.10M and a net result of €226k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+13
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.85 in 2024; short-term debt: 20.2% and cash: 3.5% of total assets), and 20.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
79.8%
Return on assets
3.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 21-08-2026, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
22 d late
2024
30 d early
2023
21 d early
2022
32 d early
2021
36 d early
2020
11 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.10M▲ 4.2%
2024 · €4.90M
2018: €901k
2019: €980k
2020: €3.45M
2021: €3.58M
2022: €4.51M
2023: €4.65M
2024: €4.90M
2018 → 2025
Total assets
€6.39M▼ 1.7%
2024 · €6.50M
2018: €4.28M
2019: €4.37M
2020: €6.11M
2021: €6.26M
2022: €6.66M
2023: €6.44M
2024: €6.50M
2018 → 2025
Net result
€226k▼ 9.4%
2024 · €250k
2018: €75k
2019: €78k
2020: €2.47M
2021: €132k
2022: €928k
2023: €143k
2024: €250k
2018 → 2025
Working capital
€1.60M▲ 17.4%
2024 · €1.36M
2018: €-2.46M
2019: €-2.36M
2020: €18k
2021: €151k
2022: €1.08M
2023: €1.08M
2024: €1.36M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.58M-€4.51M▲ 25.9%€4.65M▲ 3.2%€4.90M▲ 5.4%€5.10M▲ 4.2%
Operating result€264k-€272k▲ 3.0%€282k▲ 3.8%€270k▼ 4.2%€267k▼ 1.0%
Net result€132k-€928k▲ 606%€143k▼ 84.6%€250k▲ 74.7%€226k▼ 9.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.39M
Fixed assets
€3.50M▼ 1.0%
Current assets
€2.89M▼ 2.5%
Equity and liabilities €6.39M
Equity
€5.10M▲ 4.2%
Debt
€1.29M▼ 19.4%
The debt ratio falls from 24.7% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€301k▼
2024 · €304k
Cash flow
€260k▼
2024 · €283k
Solvency
79.8%▲
2024 · 75.3%
Current ratio
2.24▲
2024 · 1.85
Quick ratio
2.24▲
2024 · 1.85
Debt / equity
0.25▼
2024 · 0.33
ROE
4.4%▼
2024 · 5.1%
ROA
3.5%▼
2024 · 3.8%
Interest coverage
4.61▲
2024 · 3.03
Debt
€1.29M▼
2024 · €1.60M
Debt ≤ 1 year
€1.29M▼
2024 · €1.60M
Income taxes
€77k▲
2024 · €51k
Staff costs
€93k▲
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.50M€6.39M▼
Fixed assets21/28€3.53M€3.50M▼
Tangible fixed assets22/27€109k€75k▼
Furniture and vehicles24€109k€75k▼
Financial fixed assets28€3.42M€3.42M=
Current assets29/58€2.97M€2.89M▼
Amounts receivable within one year40/41€2.67M€2.67M▲
Trade receivables40€50k€60k▲
Other amounts receivable41€2.62M€2.61M▼
Current investments50/53€101k€0▼
Cash at bank and in hand54/58€199k€221k▲
Equity and liabilities
Total equity and liabilities10/49€6.50M€6.39M▼
Equity10/15€4.90M€5.10M▲
Contributions10/11€19k€19k=
Reserves13€4.88M€5.08M▲
Non-distributable reserves130/1€166k€166k=
Reserves not available under the articles1311€166k€166k=
Distributable reserves133€4.71M€4.92M▲
Amounts payable17/49€1.60M€1.29M▼
Amounts payable within one year42/48€1.60M€1.29M▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€48k€69k▲
Taxes450/3€30k€49k▲
Remuneration and social security454/9€18k€20k▲
Other amounts payable47/48€1.55M€1.22M▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€86k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€391k€395k▲
Operating profit (loss)9901€270k€267k▼
Financial income75/76B€131k€102k▼
Recurring financial income75€131k€102k▼
Financial charges65/66B€100k€65k▼
Recurring financial charges65€100k€65k▼
Profit (loss) for the period before taxes9903€301k€303k▲
Income taxes67/77€51k€77k▲
Profit (loss) for the period9904€250k€226k▼
Profit (loss) for the period to be appropriated9905€250k€226k▼
Appropriation of the result
Profit (loss) to be appropriated9906€250k€226k▼
Transfer to equity691/2€250k€226k▼
To other reserves6921€250k€226k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
2025
30-12
Financial
Equity above €5MEq €5.10M ▲4.2%
8 profitable years in a row build equity to €5.10M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-12
Financial
Highest result since 2018net €2.47M ▲3050%
Net result €2.47M, the highest in the series.
30-12
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.30 to 1.01; short-term debt falls from €3.39M to €2.66M.
30-12
Financial
Equity above €2MEq €3.45M ▲252%
3 profitable years in a row build equity to €3.45M.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Roeselare · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Regenbeekstraat 178800 RoeselareGround area
1.3 ha
Building footprint
373 m²
Volume, LiDAR
2,427 m³
Parcel 36017A0230/00H000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VCM
since 20072.159.742.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0230/00H000 | Flanders | 1.3 ha | 1 · 373 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 527 EUR awarded · 527 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 140 EUR | 140 EUR |
| 2023 | 1 | 387 EUR | 387 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 11,077 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2007
Fiscal year end30-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.