VD-Fisc
ActiveVD-Fisc has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €151k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 5% of 12675 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+17
Solvency26▼-22
Growth72▲+4
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Nine 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
0.8%
Return on assets
23.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12675 sector peers (2025).
NBB · sector comparisonPosition among 12675 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
25 d late
2023
30 d late
2022
59 d late
2021
39 d late
2020
31 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€596k▲ 44.9%
2021 · €411k
2020: €344k
2021: €411k
2020 → 2022
EBIT margin
16.9%▲ 3.4pp
2021 · 13.5%
2020: 31.8%
2021: 13.5%
2020 → 2022
Net result
€151k▲ 157%
2024 · €59k
2020: €77k
2021: €41k
2022: €76k
2023: €67k
2024: €59k
2020 → 2025
Working capital
€-66k
2024 · €86k
2020: €82k
2021: €120k
2022: €120k
2023: €97k
2024: €86k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€411k-€596k▲ 44.9%
Equity€94k-€146k▲ 54.4%€146k=€146k=€5k▼ 96.6%
Operating result€56k-€101k▲ 82.0%€96k▼ 5.1%€82k▼ 14.2%€208k▲ 153%
Net result€41k-€76k▲ 85.3%€67k▼ 12.2%€59k▼ 12.3%€151k▲ 157%
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 153% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €651k
Fixed assets
€222k▼ 9.5%
Current assets
€429k▲ 13.9%
Equity and liabilities €651k
Equity
€5k▼ 96.6%
Debt
€646k▲ 35.7%
The debt ratio rises from 76.6% to 99.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€266k▲
2024 · €127k
Cash flow
€209k▲
2024 · €104k
Solvency
0.8%▼
2024 · 23.4%
Current ratio
0.87▼
2024 · 1.29
Quick ratio
0.87▼
2024 · 1.29
ROA
23.2%▲
2024 · 9.5%
Interest coverage
47.94▲
2024 · 18.39
Debt
€646k▲
2024 · €476k
Debt ≤ 1 year
€496k▲
2024 · €291k
Debt > 1 year
€136k▼
2024 · €185k
Income taxes
€52k▲
2024 · €17k
Staff costs
€566k▲
2024 · €413k
A ratio outside any meaningful range has been withheld (balance sheet total €651k, equity €5k).
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€622k€651k▲
Fixed assets21/28€246k€222k▼
Intangible fixed assets21€143k€114k▼
Tangible fixed assets22/27€98k€99k▲
Furniture and vehicles24€98k€99k▲
Financial fixed assets28€5k€9k▲
Current assets29/58€377k€429k▲
Amounts receivable within one year40/41€186k€247k▲
Trade receivables40€170k€239k▲
Other amounts receivable41€16k€8k▼
Cash at bank and in hand54/58€183k€172k▼
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€622k€651k▲
Equity10/15€146k€5k▼
Contributions10/11€5k€5k=
Reserves13€141k€0▼
Distributable reserves133€141k€0▼
Amounts payable17/49€476k€646k▲
Amounts payable after more than one year17€185k€136k▼
Financial debts170/4€185k€136k▼
Amounts payable within one year42/48€291k€496k▲
Current portion of amounts payable after more than one year42€49k€49k▼
Trade debts44€41k€25k▼
Suppliers440/4€41k€25k▼
Taxes, remuneration and social security45€82k€147k▲
Taxes450/3€21k€49k▲
Remuneration and social security454/9€61k€98k▲
Other amounts payable47/48€118k€274k▲
Accrued charges and deferred income492/3-€14k
Income statement
Code20242025
Remuneration, social security and pensions62€413k€566k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€58k▲
Other operating charges640/8€15k€2k▼
Non-recurring operating charges66A-€12k
Gross operating margin9900€556k€845k▲
Operating profit (loss)9901€82k€208k▲
Financial income75/76B€305€1k▲
Recurring financial income75€305€1k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€76k€204k▲
Income taxes67/77€17k€52k▲
Profit (loss) for the period9904€59k€151k▲
Profit (loss) for the period to be appropriated9905€59k€151k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€151k▲
Transfer from equity791/2-€141k
Profit to be distributed694/7€59k€292k▲
Return on contributions (dividend)694€59k€292k▲
The notes to these accounts (11 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
18-08
State Gazette act
General meeting · Director resignation
Director discharge · Registered-office move
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €151k ▲157%
Operating result €208k, net result €151k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Equity above €100kEq €146k ▲54.4%
3 profitable years in a row build equity to €146k.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
31-12
Financial
Weakest financial yearnet €41k ▼46.6%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ciney · 4 establishment units since 2019
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.
Rue du Commerce 138B5590 CineyGround area
6.3 ha
Building footprint
1,748 m²
Volume, LiDAR
5,396 m³
4 parcels, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
VD-Fisc
since 20192.296.545.967
VD-Fisc Assesse
since 20222.329.555.562
VD-Fisc Walcourt
since 20242.363.873.964
VD-Fisc Fosses
since 20252.384.183.091
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92048D0274/00P000 | Wallonia | 5.9 ha | 1 · 737 m² | 9.5 m · 2 fl. |
| 92006B0220/00R003 | Wallonia | 3,299 m² | 1 · 930 m² | - |
| 91030A0355/00V009 | Wallonia | 155 m² | 1 · 40 m² | - |
| 93088C0251/00G000 | Wallonia | 98 m² | 1 · 42 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845001EAE8Q48149C87
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Of 12,172 companies in sector 69201 we hold annual accounts for 7,638. 2,040 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2019
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.