Active BE 0471.746.929Private limited company

VESALIUS

Knapenstraat 33 ·8800 Roeselare, Belgium· 26 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

VESALIUS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.14M and a net result of €65k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 37978 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€1.14M
Net result	€65k
Better than sector	68%
Active	26 yrs

Financial profile 5 of 5 axes measured · computed by Checked

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 69

Profitability 28

Solvency 69

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 26 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

69 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€80k

estimate, not credit advice

Score history

56 2022

56 2023

69 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.62 (< 1.0) -10

Leverage Debt/equity 0.35 (< 1.0) +10

Profitability ROE 6% +3

Interest coverage Interest coverage 6.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~5.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	74.0%	58.2%	better than 68% of 37978 sector peers
Net result	€65k	€26k	better than 75% of 37997 sector peers
Equity	€1.14M	€90k	better than 95% of 38020 sector peers
Gross operating margin	€102k	€52k	better than 73% of 37948 sector peers
Total assets	€1.55M	€189k	better than 93% of 37988 sector peers

EBITDA

€98k

+2.3% 22-24

Net profit

€65k

+12.9% 22-24

Cash flow

€65k

+12.2% 22-24

Total assets

€1.55M

+2.0% 22-24

Equity

€1.14M

+6.0% 22-24

Working capital

€-153k

+22.9% 22-24

Income taxes

€24k

+12.9% 22-24

Debt

€402k

-8.0% 22-24

Debt ≤ 1y

€402k

-4.3% 22-24

Current ratio

0.62

+17.3% 22-24

Quick ratio

0.62

+17.3% 22-24

Solvency

74.0%

+3.9% 22-24

Debt / equity

0.35

-13.2% 22-24

ROE

5.7%

+6.5% 22-24

ROA

4.2%

+10.7% 22-24

Interest coverage

6.28

+8.1% 22-24

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2024 Δ	2023 Δ	2022 Δ
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	+2.3%	-4.0%	-
Net profit	+12.9%	-4.3%	-
Cash flow	+12.2%	-4.4%	-
Staff costs	-	-	-
Income taxes	+12.9%	+4.9%	-
Dividends	-	-	-
Total assets	+2.0%	+2.4%	-
Equity	+6.0%	+5.6%	-
Debt	-8.0%	-4.8%	-
of which ≤ 1y	-4.3%	-4.4%	-
of which > 1y	-	-	-
Working capital	+22.9%	+21.9%	-
Employees (FTE)	-	-	-

Ratios (computed)

	2024	2023	2022
Current ratio	0.62	0.53	0.42
Quick ratio	0.62	0.53	0.42
Working capital ratio	-9.9%	-13.1%	-17.1%
Solvency	74.0%	71.2%	69.0%
Debt / equity	0.35	0.40	0.45
Long-term debt ratio	-	-	-
Interest coverage	6.28	5.81	5.29
Gross margin	-	-	-
Net margin	-	-	-
ROA	4.2%	3.8%	4.1%
ROE	5.7%	5.3%	5.9%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €1.30M · 83.9% Current assets €249k · 16.1%

Equity & liabilities

Equity €1.14M · 74.0% Debt €402k · 26.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.55M	€1.51M	€1.48M
Fixed assets	21/28	€1.30M	€1.29M	€1.29M
Tangible fixed assets	22/27	€362k	€359k	€359k
Financial fixed assets	28	€934k	€934k	€934k
Current assets	29/58	€249k	€222k	€186k
Amounts receivable within one year	40/41	€33k	€35k	€26k
Cash & bank	54/58	€216k	€187k	€160k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.55M	€1.51M	€1.48M
Equity	10/15	€1.14M	€1.08M	€1.02M
Contributions / capital	10/11	€770k	€770k	€770k
Reserves	13	€372k	€307k	€250k
Accumulated profits (losses)	14	€1k	€1k	€1k
Amounts payable	17/49	€402k	€436k	€458k
Amounts payable within one year	42/48	€402k	€420k	€439k
Trade debts payable within one year	44	€1k	€103	€20k
Income statement
Gross operating margin	9900	€102k	€99k	€102k
Operating result	9901	€98k	€95k	€99k
Financial income	75	€7k	-	€0
Financial charges	65	€16k	€17k	€19k
Result before taxes	9903	€89k	€79k	€80k
Income taxes	67/77	€24k	€22k	€21k
Net result for the period	9904	€65k	€57k	€60k
Result to be appropriated	9905	€65k	€57k	€60k

Directors & mandates 1 directors

Current directors & mandates

VAN WESEL Grietje
Director
State Gazette act 25320669 (25-03-2025)

Current
25-03-2025 → present

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	21-04-2000
Status	Active
Postal code	8800

Establishment units 1 location

Waversebaan 26, 3050 Oud-Heverlee

Warehousing and support activities for transportation

since 20002.097.422.189

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36503C1261/00Y005	Flanders	1,702 m²	1 · 407 m²	8.6 m · 2 fl.
24086A0022/00F002	Flanders	1,048 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

25-03

State Gazette act Director changes

Peter Verstraete

2024

31-12

Financial Highest result since 2022net €65k ▲12.9%

Net result €65k, the highest in the series.

05-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €57k ▼4.3%

Net result drops to €57k, the lowest in the series; recovery starts the following year.

26-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

24-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 24 days late

2021

02-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

25-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 25 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 26 days late

2018

04-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

25-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 25 days late

2016

23-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 23 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

25-03-2025 VAN WESEL Grietje appointed as director Director changes·Peter Verstraete

VAN WESEL Grietje, Bestuurder

Notary: Peter Verstraete · Roeselare

Original publication ↗

Technical details

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  ],
  "notary": {
    "name": "Peter Verstraete",
    "firm_city": null,
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    "office_city": "Roeselare",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
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    "filing_date": "2025-03-21",
    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
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      "body": "algemene_vergadering",
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    },
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  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0471.746.929",
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting7022074142Market research and public opinion polling7320074131

Names & trade names

Legal nameNL

VESALIUS

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