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VD PHYSIO

Active
Private limited companyfounded 2024active for 2 yearsRue de la Garenne (G.) 54, 7011 Mons, BelgiumKBO/BCE: BE 1015.058.478
Summary

The computed 12-month bankruptcy probability of VD PHYSIO is 3.6% (moderate). The 2024 annual accounts show equity of €36,708 and a net result of €33,708. The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
“La pratique de la kinésithérapie et de l’ostéopathie” (deed in French)
From the articles, 6 activitiesNo NACE code in the KBO yet1 site
Size
≈ €180,000turnover 2024, estimated
Equity
€36,708
Profit
€33,708
Turnover estimated from the gross margin
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.6%
Structure
2024 accounts filed 60 days late
Why 51raises riskFigures for financial year 2024 (filed 29-09-2025)No main activity registeredFounded in 20241 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 74% of its sector peers (no NACE code, micro)
Financial strength
Strong
Solvency 91
equity 66.2% of total assets
Liquidity 87
short-term debt 31.1% · cash 77.1%
Profitability 100
return on assets 60.8%
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2025: 0.8% 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025lowest value 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.5%▲ +0.5 percentage points vs 07-2026 09-2026: 1.8%▲ +0.3 percentage points vs 08-2026 10-2026: 3.6%▲ +1.8 percentage points vs 09-2026highest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.81, above the usual 1.5; short-term debt: 31.1% and cash: 77.1% of total assets), and 33.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 55% on solvency, 78% on liquidity and 90% on profitability.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises risk
raises risk · Figures for financial year 2024 (filed 29-09-2025)
NBB · annual accounts
raises risk · No main activity registered
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 1 of the last 3 late
NBB · filings
raises risk · 2024 accounts filed 60 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 1 filing
Deviation from the deadline
2024
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. IncorporationAppointment: DESPRÉS Valentin Marcel (director)…

Financials · financial year 2024, micro format

2024 annual accounts filed late (60 days) Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00508938.

Turnover
≈ €180,000
Estimated: probably between €110,000 and €320,000
Total assets
€55,421
Net result
€33,708
Working capital
€31,099

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €55,421
Fixed assets €7,098
Current assets €48,323
Equity and liabilities €55,421
Equity €36,708
Debt €18,713
Debt finances 33.8% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€43,789
Cash flow
€34,007
Current ratio
2.81
Debt to equity
0.51
ROE
91.8%
ROA
60.8%
Interest coverage
over 100
Debt ≤ 1 year
€17,224
Income taxes
€9,771

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€55,421
Fixed assets21/28€7,098
Tangible fixed assets22/27€7,098
Furniture and vehicles24€7,098
Current assets29/58€48,323
Cash at bank and in hand54/58€42,736
Deferred charges and accrued income490/1€5,587
Equity and liabilities
Total equity and liabilities10/49€55,421
Equity10/15€36,708
Contributions10/11€3,000
Reserves13€33,708
Distributable reserves133€33,708
Amounts payable17/49€18,713
Amounts payable within one year42/48€17,224
Trade debts44€1,240
Suppliers440/4€1,240
Taxes, remuneration and social security45€11,771
Taxes450/3€9,771
Remuneration and social security454/9€2,000
Other amounts payable47/48€4,214
Accrued charges and deferred income492/3€1,489
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299
Gross operating margin9900€43,789
Operating profit (loss)9901€43,490
Financial charges65/66B€12
Recurring financial charges65€12
Profit (loss) for the period before taxes9903€43,479
Income taxes67/77€9,771
Profit (loss) for the period9904€33,708
Profit (loss) for the period to be appropriated9905€33,708
Appropriation of the result
Profit (loss) to be appropriated9906€33,708
Transfer to equity691/2€33,708
To other reserves6921€33,708

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299
Gross operating margin9900€43,789
Operating profit (loss)9901€43,490
Financial charges65/66B€12
Recurring financial charges65€12
Profit (loss) for the period before taxes9903€43,479
Income taxes67/77€9,771
Profit (loss) for the period9904€33,708
Profit (loss) for the period to be appropriated9905€33,708
Line2024
Assets
Total assets20/58€55,421
Fixed assets21/28€7,098
Tangible fixed assets22/27€7,098
Furniture and vehicles24€7,098
Current assets29/58€48,323
Cash at bank and in hand54/58€42,736
Deferred charges and accrued income490/1€5,587
Equity and liabilities
Total equity and liabilities10/49€55,421
Equity10/15€36,708
Contributions10/11€3,000
Reserves13€33,708
Distributable reserves133€33,708
Amounts payable17/49€18,713
Amounts payable within one year42/48€17,224
Trade debts44€1,240
Suppliers440/4€1,240
Taxes, remuneration and social security45€11,771
Taxes450/3€9,771
Remuneration and social security454/9€2,000
Other amounts payable47/48€4,214
Accrued charges and deferred income492/3€1,489
Line2024
Profit (loss) for the period9904€33,708
+ Depreciation and write-downs630€299
Operating cash flow (approximation)€34,007

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 29-09-2025 2025-00508938

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
DESPRÉS Valentin Marcel
Director (not named in the articles) · since 16-10-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DESPRÉS Valentin Marcel
  • Director (not named in the articles), from 16-10-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 16-10-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-10-2024 Incorporation · €3,000 · 100 shares

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ENERGIE CONSTRUCT
via DESPRÉS Valentin Marcel · Director (not named in the articles)
→

History

VD PHYSIO was incorporated on 14 October 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2024, DESPRÉS Valentin Marcel has served as director of the company.2 The company has filed annual accounts once, for financial year 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-10-2024
  3. 3National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
financial year 2024 · micro format · 60 days late
2024
16-10
Gazette deed Incorporation
Appointment: DESPRÉS Valentin Marcel (director) · Founder · Founding capital11 facts ▸
  • Incorporation, 09-10-2024
  • Founder, DESPRÉS Valentin Marcel
  • Founding capital, €3,000
  • Shareholding, 100
  • Other provision, “statutes adopted, statuts établis” (deed in French)
  • Other provision, “effectivité des dispositions finales, comparants à l’unanimité” (deed in French)
  • Other provision, “suppression complète de l’indisponibilité, rendre fonds versés à titre de capitaux propres de départ disponibles pour distribution” (deed in French)
  • Registered office clause, “7011 Mons (Ghlin),rue de la Garenne,54” (deed in French)
  • Board rule, 1
  • Director appointment, DESPRÉS Valentin Marcel (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, tous engagements,obligations et activités depuis le 2024-01-01 par l’un ou l’autre des comparants au nom et pour compte de la société en formation” (deed in French)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded14-10-2024
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
998 m²
Building footprint
229 m²
Building volume
1,344 m³
Parcel 53030B0695/00L000, Wallonia · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
VD PHYSIO
Rue de la Garenne (G.) 54, 7011 MonsPhysiotherapy
since 2024unit no. 2.365.107.349
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
53030B0695/00L000 Wallonia 998 m² 1 · 229 m² 7.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La pratique de la kinésithérapie et de l’ostéopathie; Toutes les opérations accessoires, directement utiles à l'organisation d'un cabinet de…” (deed in French)
6 activities (deed in French)
  1. La pratique de la kinésithérapie et de l’ostéopathie
  2. Toutes les opérations accessoires, directement utiles à l'organisation d'un cabinet de kinésithérapeute, outre le secrétariat, la permanence téléphonique, l'interface médicale (contacts avec les médecins, les mutuelles, les organismes assureurs, les prestataires de soins, etc.)
  3. L'étude, le conseil, la consultation, l'expertise, l'imagerie et toutes prestations de services dans le cadre des activités décrites.
  4. S'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
  5. Exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
  6. Se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
VD PHYSIO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales,Belgique,étranger,simple décision organe d'administration” (deed in French)

deed of 16-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, un ou plusieurs” (deed in French)
“Frais représentation,voyages,déplacements en sus, frais généraux” (deed in French)

deed of 16-10-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre actions nominatives,mentions Code des sociétés et des associations” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Toutes cessions entre vifs,onéreuses ou gratuites,volontaires ou forcées,exclusion et retrait,usufruit,nue-propriété,pleine…” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Apport en numéraire avec émission de nouvelles actions, organe qui procède à l'émission” (deed in French)

deed of 16-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Wednesday of June at 18:00

deed of 16-10-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Quelle que cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)

deed of 16-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Trois ans, contrôle de la société” (deed in French)
Other provision: “Séances-procès-verbaux, membres du bureau et actionnaires présents qui le demandent” (deed in French)
Other provision: “Tout actionnaire peut donner procuration écrite à toute personne,actionnaire ou non,par tout moyen de transmission, délibérations” (deed in French)
Other provision: “Organe d’administration, prorogation” (deed in French)
Other provision: “Répartition-réserves, assemblée générale sur proposition de l’organe d’administration” (deed in French)
Liquidation distribution: “Actif net réparti entre tous actionnaires en proportion des actions,biens conservés remis pour partage même proportion, apurement…” (deed in French)
Other provision: “Élection de domicile, autre domicile en Belgique élu vis-à-vis de la société” (deed in French)
Other provision: “Dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé réputées inscrites,clauses contraires…” (deed in French)
5 more provisions in the deed, see the deed of 16-10-2024

deed of 16-10-2024