VENTU
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 14-09-2026 at the NBB all 10 filings
Turnover
≈ €110,000
Estimated: probably between €79,000 and €130,000
Total assets
€264,631▼ 5.8%
2025 · €281,066
Net result
€1,513▼ 98.7%
2025 · €114,263
Working capital
€17,930▼ 88.4%
2025 · €153,957
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€29,216
▼ 83.4%
2026
20192026
Net result
€1,513
▼ 98.7%
2026
20192026
Equity
€29,113
▼ 79.7%
2026
20192026
Total assets
€264,631
▼ 5.8%
2026
20192026
Debt
€235,518
▲ 71.5%
2026
20192026
Working capital
€17,930
▼ 88.4%
2026
20192026
Solvency
11.0%
▼ 40.1pp
2026
20192026
Current ratio
1.10
▼ 2.02
2026
20192026
Return on assets (ROA)
0.6%
▼ 40.1pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€25,531-€109,555▲ 329%€114,278▲ 4.3%€162,367▲ 42.1%€164,887▲ 1.6%€142,372▼ 13.7%€175,787▲ 23.5%€29,216▼ 83.4%
Net result€17,698-€72,318▲ 309%€87,703above the sector's middle half▲ 21.3%€128,900above the sector's middle half▲ 47.0%€127,238above the sector's middle half▼ 1.3%€101,232above the sector's middle half▼ 20.4%€114,263above the sector's middle half▲ 12.9%€1,513▼ 98.7%
Equity€131,061-€203,379▲ 55.2%€136,339within the sector's middle half▼ 33.0%€146,037within the sector's middle half▲ 7.1%€119,476within the sector's middle half▼ 18.2%€101,778within the sector's middle half▼ 14.8%€143,723within the sector's middle half▲ 41.2%€29,113▼ 79.7%
Total assets€253,485-€310,303▲ 22.4%€364,437within the sector's middle half▲ 17.4%€556,390above the sector's middle half▲ 52.7%€485,083within the sector's middle half▼ 12.8%€491,912above the sector's middle half▲ 1.4%€281,066within the sector's middle half▼ 42.9%€264,631▼ 5.8%
Debt€122,425-€106,924▼ 12.7%€228,099▲ 113%€410,353▲ 79.9%€365,607▼ 10.9%€390,134▲ 6.7%€137,343▼ 64.8%€235,518▲ 71.5%
Working capital€152,072-€219,652▲ 44.4%€126,763within the sector's middle half▼ 42.3%€110,800within the sector's middle half▼ 12.6%€45,200within the sector's middle half▼ 59.2%€24,574within the sector's middle half▼ 45.6%€153,957above the sector's middle half▲ 527%€17,930▼ 88.4%
Solvency51.7%-65.5%▲ 13.8pp37.4%within the sector's middle half▼ 28.1pp26.2%below the sector's middle half▼ 11.2pp24.6%below the sector's middle half▼ 1.6pp20.7%below the sector's middle half▼ 3.9pp51.1%within the sector's middle half▲ 30.4pp11.0%▼ 40.1pp
Current ratio4.09-4.79▲ 0.701.62within the sector's middle half▼ 3.171.40within the sector's middle half▼ 0.231.17within the sector's middle half▼ 0.221.09within the sector's middle half▼ 0.093.12within the sector's middle half▲ 2.031.10▼ 2.02
Return on assets (ROA)7.0%-23.3%▲ 16.3pp24.1%within the sector's middle half▲ 0.8pp23.2%within the sector's middle half▼ 0.9pp26.2%within the sector's middle half▲ 3.1pp20.6%within the sector's middle half▼ 5.7pp40.7%above the sector's middle half▲ 20.1pp0.6%▼ 40.1pp
Staff (FTE)0.6-0.6=0.6=0.4▼ 33.3%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 83% lower than in 2025 and the lowest since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €264,631
Fixed assets
€61,075 ▲ 12.0%
Current assets
€203,556 ▼ 10.1%
Equity and liabilities €264,631
Equity
€29,113 ▼ 79.7%
Debt
€235,518 ▲ 71.5%
Debt's share of the balance-sheet total rises from 48.9% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50,353▼
2025 · €202,231
Cash flow
€22,650▼
2025 · €140,707
Debt to equity
8.09▲
2025 · 0.96
ROE
5.2%▼
2025 · 79.5%
Interest coverage
1.91▼
2025 · 6.29
Debt ≤ 1 year
€185,627▲
2025 · €72,588
Debt > 1 year
€49,892▼
2025 · €64,755
Income taxes
€1,288▼
2025 · €44,105
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.3 | - |
| Joined | 0 | - |
| Left | 1 | - |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €153,875 | €58,201 | €73,189 | €5,033 | €29,765 |
| Depreciation and write-downs of the year | €22,158 | €38,331 | €39,478 | €26,444 | €21,137 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,405 | €8,036 | €6,662 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €14,444 | -€35 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,106 | €13,665 | €14,739 | €22,158 | €38,331 | €39,478 | €26,444 | €21,137 | ▼ 20.1% |
| Other operating charges640/8 | - | - | - | €1,814 | €862 | €1,579 | €1,325 | €901 | ▼ 32.0% |
| Gross operating margin9900 | €75,376 | €146,608 | €156,804 | €200,783 | €204,045 | €183,429 | €203,556 | €51,254 | ▼ 74.8% |
| Operating profit (loss)9901 | €25,531 | €109,555 | €114,278 | €162,367 | €164,887 | €142,372 | €175,787 | €29,216 | ▼ 83.4% |
| Financial income75/76B | - | - | - | - | €394 | €38 | €14,710 | €6 | ▼ 100.0% |
| Recurring financial income75 | €248 | €316 | €398 | - | €394 | €38 | €14,710 | €6 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €2,525 | €4,569 | €6,941 | €32,128 | €26,421 | ▼ 17.8% |
| Recurring financial charges65 | €1,252 | €5,209 | €1,416 | €2,525 | €4,569 | €6,941 | €32,128 | €26,421 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €24,527 | €104,662 | €113,261 | €159,842 | €160,711 | €135,470 | €158,368 | €2,801 | ▼ 98.2% |
| Income taxes67/77 | €6,829 | €32,344 | €25,557 | €30,942 | €33,473 | €34,238 | €44,105 | €1,288 | ▼ 97.1% |
| Profit (loss) for the period9904 | €17,698 | €72,318 | €87,703 | €128,900 | €127,238 | €101,232 | €114,263 | €1,513 | ▼ 98.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,702 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,698 | €72,318 | €103,752 | €131,602 | €127,238 | €101,232 | €114,263 | €1,513 | ▼ 98.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €253,485 | €310,303 | €364,437 | €556,390 | €485,083 | €491,912 | €281,066 | €264,631 | ▼ 5.8% |
| Fixed assets21/28 | €52,239 | €32,693 | €34,002 | €165,720 | €179,163 | €182,036 | €54,521 | €61,075 | ▲ 12.0% |
| Intangible fixed assets21 | €850 | €425 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €34,486 | €32,268 | €34,002 | €165,720 | €179,163 | €182,036 | €54,521 | €61,075 | ▲ 12.0% |
| Plant, machinery and equipment23 | - | - | - | €4,729 | €2,797 | €3,023 | €4,214 | €9,802 | ▲ 133% |
| Furniture and vehicles24 | - | - | - | €60,044 | €50,488 | €67,965 | €50,307 | €36,385 | ▼ 27.7% |
| Leasing and similar rights25 | - | - | - | €5,689 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €95,258 | €125,878 | €111,048 | - | €14,888 | - |
| Financial fixed assets28 | €16,903 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €201,246 | €277,610 | €330,435 | €390,670 | €305,920 | €309,876 | €226,545 | €203,556 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €52,118 | €51,374 | €74,322 | €33,149 | €91,099 | €34,024 | €42,017 | €38,283 | ▼ 8.9% |
| Trade receivables40 | - | - | - | €29,090 | €84,572 | €34,024 | €39,039 | €16,283 | ▼ 58.3% |
| Other amounts receivable41 | - | - | - | €4,059 | €6,527 | - | €2,978 | €22,000 | ▲ 639% |
| Current investments50/53 | - | - | €104,288 | €104,288 | €104,288 | €104,288 | €30,000 | €5,000 | ▼ 83.3% |
| Cash at bank and in hand54/58 | €44,860 | €112,245 | €31,159 | €164,669 | €27,288 | €93,993 | €102,116 | €113,818 | ▲ 11.5% |
| Deferred charges and accrued income490/1 | - | - | - | €88,564 | €83,245 | €77,571 | €52,412 | €46,456 | ▼ 11.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €253,485 | €310,303 | €364,437 | €556,390 | €485,083 | €491,912 | €281,066 | €264,631 | ▼ 5.8% |
| Equity10/15 | €131,061 | €203,379 | €136,339 | €146,037 | €119,476 | €101,778 | €143,723 | €29,113 | ▼ 79.7% |
| Contributions10/11 | €6,200 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,869 | €196,187 | €130,139 | €127,437 | €100,876 | €83,178 | €125,123 | €10,513 | ▼ 91.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Distributable reserves133 | - | - | - | €116,577 | €91,876 | €74,178 | €116,123 | €1,513 | ▼ 98.7% |
| Profit (loss) carried forward14 | €992 | €992 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €122,425 | €106,924 | €228,099 | €410,353 | €365,607 | €390,134 | €137,343 | €235,518 | ▲ 71.5% |
| Amounts payable after more than one year17 | €73,054 | €48,770 | €24,231 | €130,287 | €104,691 | €104,832 | €64,755 | €49,892 | ▼ 23.0% |
| Financial debts170/4 | - | - | - | €130,287 | €104,691 | €104,832 | €64,755 | €49,892 | ▼ 23.0% |
| Amounts payable within one year42/48 | €49,174 | €57,958 | €203,672 | €279,870 | €260,720 | €285,302 | €72,588 | €185,627 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,708 | €25,596 | €20,754 | €20,981 | €14,863 | ▼ 29.2% |
| Trade debts44 | €1,152 | €1,649 | €3,047 | €5,066 | €3,927 | €9,637 | €1,943 | €1,021 | ▼ 47.4% |
| Suppliers440/4 | - | - | - | €5,066 | €3,927 | €9,637 | €1,943 | €1,021 | ▼ 47.4% |
| Taxes, remuneration and social security45 | - | - | - | €34,711 | €23,235 | €27,594 | €18,589 | €42,047 | ▲ 126% |
| Taxes450/3 | - | - | - | €29,666 | €21,190 | €25,353 | €16,348 | €39,231 | ▲ 140% |
| Remuneration and social security454/9 | - | - | - | €5,045 | €2,045 | €2,241 | €2,241 | €2,816 | ▲ 25.7% |
| Other amounts payable47/48 | - | - | - | €202,385 | €207,962 | €227,318 | €31,075 | €127,695 | ▲ 311% |
| Accrued charges and deferred income492/3 | - | - | - | €196 | €196 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,698 | €72,318 | €87,703 | €128,900 | €127,238 | €101,232 | €114,263 | €1,513 | ▼ 98.7% |
| + Depreciation and write-downs630 | €12,106 | €13,665 | €14,739 | €22,158 | €38,331 | €39,478 | €26,444 | €21,137 | ▼ 20.1% |
| Operating cash flow (approximation) | €29,803 | €85,983 | €102,442 | €151,058 | €165,570 | €140,710 | €140,707 | €22,650 | ▼ 83.9% |
| Investment in fixed assets (approximation) | - | €5,882 | -€16,048 | -€153,875 | -€51,775 | -€42,352 | €101,071 | -€27,691 | - |
| Change in cash | - | €67,385 | -€81,086 | €133,510 | -€137,381 | €66,705 | €8,123 | €11,702 | ▲ 44.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,508 companies had the same profile as VENTU has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.6%
stopped otherwise
1.4%
went bankrupt
The bankruptcy probability of VENTU itself is lower: 0.1% within 12 months. It rests on far more data about VENTU than the profile alone.
Test of the method
The method was tested on the 497,446 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 4,508 companies, not a prediction for VENTU. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 14-09-2026 | 2026-00512261 | |
| 31-03-2025 | micro format | 08-05-2025 | 2025-00093001 | |
| 31-03-2024 | micro format | 14-10-2024 | 2024-00507660 | |
| 31-03-2023 | micro format | 13-11-2023 | 2023-00511578 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478950 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76300265 | |
| 31-03-2020 | micro format | 01-10-2020 | 2020-58200157 | |
| 31-03-2019 | micro format | 29-10-2019 | 2019-72000060 | |
| 31-03-2018 | micro format | 26-10-2018 | 2018-70400370 | |
| 31-03-2017 | abbreviated format | 30-11-2017 | 2017-71000330 |