VESTIMA
ActiveSummary
VESTIMA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €187,942. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€3.0mtotal assets 2025
- Staff
- 1 FTE
- Equity
- €2.6m
- Profit
- €187,942
Turnover not published (abridged schema)
Who decides
Accounts 44 d early0 of 7 deeds read
Why 93+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Lower-risk legal form+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 8.86 against 8.44 in 2024; short-term debt: 4.9% and cash: 42% of total assets), and 14.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
85.1%
Return on assets
6.2%
Age of the figures
15 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 · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
53 d early
2023
56 d early
2022
55 d early
2021
48 d early
2020
55 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- General meeting · Director reappointmentPermanent representative · Auditor appointment
- General meeting · Director resignationPermanent representative · Director discharge
- General meeting · CorrectionDirector resignation · Permanent representative
Financials
Fiscal year 2025Total assets €3.0mProfit €187,942Solvency 85.1%Liquidity 8.86
Total assets
€3.0m▲ 4.3%
2019 - 2025
Net result
€187,942▼ 49.3%
2019 - 2025
Equity
€2.6m▲ 7.5%
2019 - 2025
Staff (FTE)
1=
2019 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.2m▲ 341%€0.2m▲ 7.3%€0.2m▲ 15.1%€0.5m▲ 143%€0.3m▼ 47.5%
Net result€0.1mwithin the sector's middle half▲ 390%€0.1mwithin the sector's middle half▲ 4.2%€0.1mwithin the sector's middle half▲ 17.1%€0.4mabove the sector's middle half▲ 159%€0.2mabove the sector's middle half▼ 49.3%
Equity€1.8mabove the sector's middle half▲ 6.9%€1.9mabove the sector's middle half▲ 6.9%€2.0mabove the sector's middle half▲ 7.5%€2.4mabove the sector's middle half▲ 18.1%€2.6mabove the sector's middle half▲ 7.5%
Total assets€2.4mwithin the sector's middle half=€2.5mwithin the sector's middle half▲ 1.3%€2.5mwithin the sector's middle half▲ 3.6%€2.9mwithin the sector's middle half▲ 13.6%€3.0mabove the sector's middle half▲ 4.3%
Debt€0.7m▼ 14.5%€0.6m▼ 13.5%€0.5m▼ 9.3%€0.5m▼ 13.7%€0.4m▼ 12.0%
Working capital€0.07mwithin the sector's middle half▲ 153%€0.2mwithin the sector's middle half▲ 213%€0.4mwithin the sector's middle half▲ 78.9%€1.0mabove the sector's middle half▲ 153%€1.2mabove the sector's middle half▲ 19.3%
Solvency72.5%within the sector's middle half▲ 4.7pp76.5%within the sector's middle half▲ 4.0pp79.5%above the sector's middle half▲ 2.9pp82.6%above the sector's middle half▲ 3.1pp85.1%above the sector's middle half▲ 2.5pp
Current ratio1.50within the sector's middle half▲ 0.192.81within the sector's middle half▲ 1.313.92within the sector's middle half▲ 1.118.44above the sector's middle half▲ 4.538.86above the sector's middle half▲ 0.42
Return on assets (ROA)4.8%within the sector's middle half▲ 3.9pp5.0%within the sector's middle half▲ 0.1pp5.6%within the sector's middle half▲ 0.6pp12.8%within the sector's middle half▲ 7.2pp6.2%within the sector's middle half▼ 6.6pp
Staff (FTE)1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€1.7m ▼ 4.6%
Current assets
€1.3m ▲ 18.6%
Equity and liabilities €3.0m
Equity
€2.6m ▲ 7.5%
Provisions
€51,460 =
Debt
€396,479 ▼ 12.0%
Debt's share of the balance-sheet total falls from 15.6% to 13.2%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€348,158▼
2024 · €579,666
Cash flow
€279,284▼
2024 · €461,405
Debt to equity
0.15▼
2024 · 0.19
ROE
7.3%▼
2024 · 15.6%
Interest coverage
30.37▼
2024 · 42.56
Debt ≤ 1 year
€148,618▲
2024 · €131,488
Debt > 1 year
€246,788▼
2024 · €318,138
Income taxes
€81,924▲
2024 · €67,604
Staff costs
€94,990▲
2024 · €87,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €776 | - |
| Remuneration, social security and pensions62 | - | €75,546 | €86,598 | €87,498 | €94,990 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,864 | €97,727 | €96,489 | €90,531 | €91,342 | ▲ 0.9% |
| Other operating charges640/8 | - | €12,321 | €15,996 | €16,821 | €16,018 | ▼ 4.8% |
| Gross operating margin9900 | €344,565 | €360,268 | €400,160 | €683,985 | €459,167 | ▼ 32.9% |
| Operating profit (loss)9901 | €162,728 | €174,674 | €201,078 | €489,135 | €256,816 | ▼ 47.5% |
| Financial income75/76B | - | - | €951 | €14,424 | €24,515 | ▲ 70.0% |
| Recurring financial income75 | - | - | €951 | €14,424 | €24,515 | ▲ 70.0% |
| Financial charges65/66B | - | €17,532 | €15,759 | €13,621 | €11,466 | ▼ 15.8% |
| Recurring financial charges65 | €19,157 | €17,532 | €15,759 | €13,621 | €11,466 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €143,571 | €157,141 | €186,270 | €489,938 | €269,866 | ▼ 44.9% |
| Transfer to deferred taxes680 | - | - | - | €51,460 | €0 | ▼ 100% |
| Income taxes67/77 | €26,294 | €34,937 | €43,206 | €67,604 | €81,924 | ▲ 21.2% |
| Profit (loss) for the period9904 | €117,277 | €122,204 | €143,063 | €370,874 | €187,942 | ▼ 49.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €154,381 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €117,277 | €122,204 | €143,063 | €216,493 | €187,942 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.5m | €2.5m | €2.9m | €3.0m | ▲ 4.3% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 4.6% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 4.6% |
| Land and buildings22 | - | €2.1m | €2.0m | €1.8m | €1.7m | ▼ 5.0% |
| Furniture and vehicles24 | - | €0.008m | €0.005m | €0.003m | €0.01m | ▲ 196% |
| Current assets29/58 | €0.2m | €0.3m | €0.5m | €1.1m | €1.3m | ▲ 18.6% |
| Amounts receivable within one year40/41 | €0.05m | €0.05m | €0.03m | €0.05m | €0.04m | ▼ 29.5% |
| Trade receivables40 | - | €0.05m | €0.03m | €0.05m | €0.03m | ▼ 24.4% |
| Other amounts receivable41 | - | €0.001m | €0.002m | €0.006m | €0.002m | ▼ 65.7% |
| Cash at bank and in hand54/58 | €0.1m | €0.3m | €0.5m | €1.0m | €1.3m | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.5m | €2.5m | €2.9m | €3.0m | ▲ 4.3% |
| Equity10/15 | €1.8m | €1.9m | €2.0m | €2.4m | €2.6m | ▲ 7.5% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.4m | €0.6m | ▲ 69.5% |
| Non-distributable reserves130/1 | - | €0.04m | €0.05m | €0.06m | €0.1m | ▲ 110% |
| Legal reserve130 | - | €0.04m | €0.05m | €0.06m | €0.1m | ▲ 110% |
| Tax-exempt reserves132 | - | €0.01m | €0.01m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | €0.1m | €0.1m | €0.1m | €0.3m | ▲ 141% |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.6m | €0.8m | €0.7m | ▼ 8.4% |
| Provisions and deferred taxes16 | - | - | - | €0.05m | €0.05m | = |
| Deferred taxes168 | - | - | - | €0.05m | €0.05m | = |
| Amounts payable17/49 | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 12.0% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 22.4% |
| Financial debts170/4 | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 22.4% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 3.0% |
| Trade debts44 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 17.1% |
| Suppliers440/4 | - | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 17.1% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.02m | €0.007m | €0.02m | ▲ 201% |
| Taxes450/3 | - | €0.003m | €0.01m | €0 | €0.01m | - |
| Remuneration and social security454/9 | - | €0.01m | €0.007m | €0.007m | €0.008m | ▲ 3.9% |
| Other amounts payable47/48 | - | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 10.4% |
| Accrued charges and deferred income492/3 | - | €0.001m | €0.002m | €0.001m | €0.001m | ▲ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,277 | €122,204 | €143,063 | €370,874 | €187,942 | ▼ 49.3% |
| + Depreciation and write-downs630 | €101,864 | €97,727 | €96,489 | €90,531 | €91,342 | ▲ 0.9% |
| Operating cash flow (approximation) | €219,140 | €219,931 | €239,552 | €461,405 | €279,284 | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €154,849 | -€9,540 | ▼ 106% |
| Change in cash | - | €126,315 | €205,207 | €568,985 | €220,545 | ▼ 61.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 17,417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 merger or contribution
Directors
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Structure & network
Connections & network
16 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Board mandates elsewhere
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
Acquisitions and mergers
1 transactionTook over:BVBA CONSULT- EN MANAGEMENTVENNOOTSCHAP
Timeline
26 eventsLatest 22-09-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor appointment
21-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
02-06
State Gazette act
General meeting · Correction
Director resignation · Permanent representative
08-05
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
23-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
19-08
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
30-06
Financial
Highest result since 2019net €370,874 ▲159%
Operating result €489,135, net result €370,874, both a record.
30-06
Financial
Liquidity doublescurrent ratio 8.44
Current ratio from 3.92 to 8.44; short-term debt falls from €132,716 to €131,488.
21-05
State Gazette act
Board meeting · Director resignation
General meeting · Director appointment
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Show earlier events
14-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
30-06
Financial
Equity above €2mEq €2.0m ▲7.5%
5 profitable years in a row build equity to €2.0m.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
27-07
State Gazette act
General meeting · Director reappointment
Permanent representative
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-08
State Gazette act
General meeting · Director reappointment
Permanent representative
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
28-08
State Gazette act
Board meeting · Registered-office move
Power of attorney · General meeting
30-06
Financial
Weakest financial yearnet €23,943 ▼42.4%
Net result drops to €23,943, the lowest in the series; recovery starts the following year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
03-09
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €1,407
Flemish government
€1,407
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,407 awarded · €1,407 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €48 | €48 |
| 2024 | 1 | €384 | €384 |
| 2022 | 1 | €975 | €975 |
Company details
Public limited company · founded 02-09-2014Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded02-09-2014
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0561832413
Also
9925:BE0561832413
Registered
08-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2014
Ground area
6,698 m²
Building footprint
1,964 m²
Volume, LiDAR
1,425 m³
Parcel 44038A0046/00T000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Vestima
since 2014unit no. 2.235.199.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0046/00T000 | Flanders | 6,698 m² | 1 · 1,964 m² | 6.2 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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