VF CONCEPT
ActiveSummary
VF CONCEPT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €65k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-45
Solvency44▼-4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.07 in 2024; short-term debt: 9.2% and cash: 5.2% of total assets), and 81.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
18.6%
Return on assets
14.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 139%
2024 · €27k
2018: €14k
2019: €7k▼ -45.4% vs 2018
2020: €24k▲ +229% vs 2019
2021: €2k▼ -92.2% vs 2020
2022: €-6k▼ -422% vs 2021
2023: €-77k▼ -1159% vs 2022lowest in 8 years
2024: €27k▲ +135% vs 2023
2025: €65k▲ +139% vs 2024highest in 8 years
2018 → 2025
Working capital
€-9k
2024 · €3k
2018: €15k
2019: €-20k▼ -230% vs 2018
2020: €44k▲ +320% vs 2019highest in 8 years
2021: €15k▼ -66.5% vs 2020
2022: €6k▼ -55.8% vs 2021
2023: €-21k▼ -428% vs 2022lowest in 8 years
2024: €3k▲ +117% vs 2023
2025: €-9k▼ -366% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€69k▼ 8.2%€-9k€19k€84k▲ 349%
2021: €75k
2022: €69k▼ -8.2% vs 2021
2023: €-9k▼ -113% vs 2022lowest in 5 years
2024: €19k▲ +317% vs 2023
2025: €84k▲ +349% vs 2024highest in 5 years
Operating result€7k-€-4k€-71k▼ 1,719%€37k€20k▼ 45.1%
2021: €7k
2022: €-4k▼ -155% vs 2021
2023: €-71k▼ -1719% vs 2022lowest in 5 years
2024: €37k▲ +152% vs 2023highest in 5 years
2025: €20k▼ -45.1% vs 2024
Net result€2k-€-6k€-77k▼ 1,159%€27k€65k▲ 139%
2021: €2k
2022: €-6k▼ -422% vs 2021
2023: €-77k▼ -1159% vs 2022lowest in 5 years
2024: €27k▲ +135% vs 2023
2025: €65k▲ +139% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451k
Fixed assets
€419k ▲ 1,258%
Current assets
€32k ▼ 36.5%
Equity and liabilities €451k
Equity
€84k ▲ 349%
Debt
€367k ▲ 482%
Debt's share of the balance-sheet total rises from 77.1% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €38k
Cash flow
€66k▲
2024 · €28k
Current ratio
0.78▼
2024 · 1.07
Debt to equity
4.36▲
2024 · 3.37
ROE
77.7%▼
2024 · 146.1%
ROA
14.5%▼
2024 · 33.4%
Interest coverage
2.17▼
2024 · 26.82
Debt ≤ 1 year
€42k▼
2024 · €47k
Debt > 1 year
€326k▲
2024 · €15k
Income taxes
€5k▼
2024 · €8k
Staff costs
€25k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€82k€451k▲
Fixed assets21/28€31k€419k▲
Tangible fixed assets22/27€862€389k▲
Land and buildings22-€43k
Furniture and vehicles24€862-
Assets under construction and advance payments27-€346k
Financial fixed assets28€30k€30k=
Current assets29/58€51k€32k▼
Amounts receivable within one year40/41€27k€1k▼
Trade receivables40€24k-
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€12k€23k▲
Deferred charges and accrued income490/1€13k€8k▼
Equity and liabilities
Total equity and liabilities10/49€82k€451k▲
Equity10/15€19k€84k▲
Contributions10/11€11k€11k=
Reserves13€8k€73k▲
Distributable reserves133€8k€73k▲
Amounts payable17/49€63k€367k▲
Amounts payable after more than one year17€15k€326k▲
Financial debts170/4€15k€326k▲
Amounts payable within one year42/48€47k€42k▼
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€13k€9k▼
Remuneration and social security454/9€370€90▼
Other amounts payable47/48€19k€22k▲
Accrued charges and deferred income492/3€632-
Income statement
Code20242025
Remuneration, social security and pensions62€20k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€822€862▲
Other operating charges640/8€1k€12k▲
Gross operating margin9900€60k€58k▼
Operating profit (loss)9901€37k€20k▼
Financial income75/76B€89€60k▲
Recurring financial income75€89€60k▲
Financial charges65/66B€1k€10k▲
Recurring financial charges65€1k€10k▲
Profit (loss) for the period before taxes9903€36k€71k▲
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€27k€65k▲
Profit (loss) for the period to be appropriated9905€27k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€65k▲
Profit (loss) brought forward from the previous period14P€-22k-
Transfer to equity691/2€6k€65k▲
To other reserves6921€6k€65k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16k | €18k | €19k | €20k | €25k | ▲ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €13k | €17k | €822 | €862 | ▲ 4.9% |
| Other operating charges640/8 | €4k | €4k | €88k | €1k | €12k | ▲ 699% |
| Gross operating margin9900 | €38k | €30k | €53k | €60k | €58k | ▼ 1.9% |
| Operating profit (loss)9901 | €7k | €-4k | €-71k | €37k | €20k | ▼ 45.1% |
| Financial income75/76B | €0 | - | €3 | €89 | €60k | ▲ 67,064% |
| Recurring financial income75 | €0 | - | €3 | €89 | €60k | ▲ 67,064% |
| Financial charges65/66B | €1k | €2k | €2k | €1k | €10k | ▲ 593% |
| Recurring financial charges65 | €1k | €2k | €2k | €1k | €10k | ▲ 593% |
| Profit (loss) for the period before taxes9903 | €6k | €-6k | €-74k | €36k | €71k | ▲ 98.1% |
| Income taxes67/77 | €4k | €296 | €4k | €8k | €5k | ▼ 37.8% |
| Profit (loss) for the period9904 | €2k | €-6k | €-77k | €27k | €65k | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-6k | €-77k | €27k | €65k | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123k | €151k | €69k | €82k | €451k | ▲ 452% |
| Fixed assets21/28 | €91k | €111k | €33k | €31k | €419k | ▲ 1,258% |
| Tangible fixed assets22/27 | €61k | €81k | €3k | €862 | €389k | ▲ 45,000% |
| Land and buildings22 | €12k | €9k | - | - | €43k | - |
| Plant, machinery and equipment23 | €43k | €48k | - | - | - | - |
| Furniture and vehicles24 | €6k | €25k | €3k | €862 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €346k | - |
| Financial fixed assets28 | €30k | €30k | €30k | €30k | €30k | = |
| Current assets29/58 | €32k | €40k | €36k | €51k | €32k | ▼ 36.5% |
| Amounts receivable within one year40/41 | €26k | €28k | €5k | €27k | €1k | ▼ 95.3% |
| Trade receivables40 | €15k | €4k | €4k | €24k | - | - |
| Other amounts receivable41 | €10k | €24k | €1k | €3k | €1k | ▼ 57.1% |
| Cash at bank and in hand54/58 | €6k | €11k | €31k | €12k | €23k | ▲ 97.2% |
| Deferred charges and accrued income490/1 | €736 | €77 | - | €13k | €8k | ▼ 37.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123k | €151k | €69k | €82k | €451k | ▲ 452% |
| Equity10/15 | €75k | €69k | €-9k | €19k | €84k | ▲ 349% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | €64k | €58k | €2k | €8k | €73k | ▲ 869% |
| Distributable reserves133 | €64k | €58k | €2k | €8k | €73k | ▲ 869% |
| Profit (loss) carried forward14 | - | - | €-22k | - | - | - |
| Amounts payable17/49 | €48k | €82k | €78k | €63k | €367k | ▲ 482% |
| Amounts payable after more than one year17 | €31k | €49k | €20k | €15k | €326k | ▲ 2,070% |
| Financial debts170/4 | €31k | €49k | €20k | €15k | €326k | ▲ 2,070% |
| Amounts payable within one year42/48 | €18k | €33k | €57k | €47k | €42k | ▼ 12.2% |
| Current portion of amounts payable after more than one year42 | €15k | €21k | €6k | €11k | €6k | ▼ 44.0% |
| Trade debts44 | - | €3k | €1k | €4k | €5k | ▲ 22.0% |
| Suppliers440/4 | - | €3k | €1k | €4k | €5k | ▲ 22.0% |
| Taxes, remuneration and social security45 | €3k | €6k | €23k | €14k | €9k | ▼ 35.5% |
| Taxes450/3 | €2k | €5k | €23k | €13k | €9k | ▼ 34.4% |
| Remuneration and social security454/9 | €274 | €252 | €331 | €370 | €90 | ▼ 75.7% |
| Other amounts payable47/48 | €11 | €3k | €27k | €19k | €22k | ▲ 16.9% |
| Accrued charges and deferred income492/3 | - | - | - | €632 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-6k | €-77k | €27k | €65k | ▲ 139% |
| + Depreciation and write-downs630 | €10k | €13k | €17k | €822 | €862 | ▲ 4.9% |
| Operating cash flow (approximation) | €12k | €7k | €-61k | €28k | €66k | ▲ 135% |
| Investment in fixed assets (approximation) | - | €-33k | €62k | €1k | €-389k | ▼ 34,676% |
| Change in cash | - | €5k | €20k | €-19k | €12k | ▲ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €65k ▲139%
Net result €65k, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 6current ratio 1.91
Current ratio from 0.31 to 1.91.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 acts for this company are 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, Ohey · 1 establishment unit since 2015
Ground area
3,237 m²
Building footprint
165 m²
Parcel 92055C0032/00E000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Triffoys 11, 4570 Marchin
since 20152.244.662.053
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92055C0032/00E000 | Wallonia | 3,237 m² | 1 · 165 m² | - |
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.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,963 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
82990Other business support services
68203Renting and operating of own or leased non-residential real estate, excluding land
82300Organisation of conventions and trade shows
85599Other education
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.