VFMS
ActiveSummary
VFMS has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,102 and a net result of -€2,738. Equity has been growing by about 15% per year since 2019. Its solvency ranks better than 95% of 199 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-09-2008 Normal situation
- Activity
- Manufacture of textiles NACE 13929and 2 others
- Establishment unit
- 2.174.083.665 8800 Roeselare, since 06-11-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 18-12-2025
Board and ownership
- G5 België BVDirector · since 08-03-2021
- Stract BVDirector · since 08-03-2021
- Strateqo BVDirector · since 08-03-2021
- UMBROSA75%· score 9230-09-2025 annual accounts of UMBROSA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€2,010
- ▲ 25.7%
- Loss
- €2,738
- ▼ 6.3%
- Equity
- €58,102
- ▼ 4.5%
- Total assets
- €58,315
- ▼ 5.5%
Score breakdownraises riskSize: total assets €58,315Loss of €2,738, the second in a row (financial year 2025)lowers riskSector: Manufacture of textiles (NACE 13)Equity €58,102 (99.6% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 13, micro). It does better than 88% of them on solvency, 53% on liquidity, 19% on profitability and 30% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-04-2026 PDF all 17 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €2,618, smaller than the loss of €2,922 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,905 | €5,487 | €5,487 | €5,487 | €5,487 | €87 | €535 | ▲ 515% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€2,990 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | €3,101 | €4,688 | €115 | €130 | €73 | ▼ 44.0% |
| Gross operating margin9900 | €16,017 | €20,485 | €22,556 | €39,432 | -€2,759 | -€2,705 | -€2,010 | ▲ 25.7% |
| Operating profit (loss)9901 | €10,005 | €11,885 | €16,958 | €29,257 | -€8,361 | -€2,922 | -€2,618 | ▲ 10.4% |
| Financial income75/76B | - | - | - | - | €1 | €0 | - | - |
| Recurring financial income75 | €474 | - | - | - | €1 | €0 | - | - |
| Financial charges65/66B | - | - | €0 | - | - | - | €120 | - |
| Recurring financial charges65 | €1,559 | €891 | €0 | - | - | - | €120 | - |
| Profit (loss) for the period before taxes9903 | €8,921 | €10,994 | €16,958 | €29,257 | -€8,360 | -€2,922 | -€2,738 | ▲ 6.3% |
| Profit (loss) for the period9904 | €8,921 | €10,994 | €16,958 | €29,257 | -€8,360 | -€2,922 | -€2,738 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €8,921 | €10,994 | €16,958 | €29,257 | -€8,360 | -€2,922 | -€2,738 | ▲ 6.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €102,601 | €26,799 | €43,324 | €72,235 | €64,489 | €61,680 | €58,315 | ▼ 5.5% |
| Formation expenses20 | - | - | - | - | - | - | €1,390 | - |
| Fixed assets21/28 | €22,122 | €16,635 | €11,148 | €5,661 | €174 | €87 | €0 | ▼ 100% |
| Intangible fixed assets21 | €22,122 | €16,635 | €11,148 | €5,661 | €174 | €87 | €0 | ▼ 100% |
| Current assets29/58 | €80,479 | €10,164 | €32,176 | €66,574 | €64,315 | €61,593 | €56,926 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €32,182 | €4,798 | €4,846 | €1,068 | €493 | €60,306 | €54,090 | ▼ 10.3% |
| Trade receivables40 | - | - | €0 | - | - | - | €729 | - |
| Other amounts receivable41 | - | - | €4,846 | €1,068 | €493 | €60,306 | €53,361 | ▼ 11.5% |
| Cash at bank and in hand54/58 | €48,297 | €5,366 | €27,330 | €65,506 | €63,822 | €1,287 | €2,836 | ▲ 120% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €102,601 | €26,799 | €43,324 | €72,235 | €64,489 | €61,680 | €58,315 | ▼ 5.5% |
| Equity10/15 | €14,914 | €25,907 | €42,865 | €72,122 | €63,762 | €60,840 | €58,102 | ▼ 4.5% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | - | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | - | - | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | -€285,086 | -€274,093 | -€257,135 | -€227,878 | -€236,238 | -€239,160 | -€241,898 | ▼ 1.1% |
| Amounts payable17/49 | €87,687 | €892 | €459 | €113 | €727 | €840 | €214 | ▼ 74.6% |
| Amounts payable within one year42/48 | €86,164 | €783 | €348 | €0 | €612 | €599 | €88 | ▼ 85.4% |
| Trade debts44 | €6,425 | €783 | €348 | €0 | €612 | €599 | €88 | ▼ 85.4% |
| Suppliers440/4 | - | - | €348 | €0 | €612 | €599 | €88 | ▼ 85.4% |
| Accrued charges and deferred income492/3 | - | - | €111 | €113 | €115 | €241 | €126 | ▼ 47.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,921 | €10,994 | €16,958 | €29,257 | -€8,360 | -€2,922 | -€2,738 | ▲ 6.3% |
| + Depreciation and write-downs630 | €5,905 | €5,487 | €5,487 | €5,487 | €5,487 | €87 | €535 | ▲ 515% |
| Operating cash flow (approximation) | €14,826 | €16,481 | €22,445 | €34,744 | -€2,873 | -€2,835 | -€2,203 | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€448 | - |
| Change in cash | - | -€42,930 | €21,964 | €38,176 | -€1,683 | -€62,535 | €1,549 | - |
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, 6,908 companies had the same profile as VFMS has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VFMS itself: 0.1% within 12 months.
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 6,908 companies, not a prediction for VFMS. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 22-04-2026 | 2026-00089461 | |
| 30-09-2024 | abbreviated format | 15-05-2025 | 2025-00097940 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00084962 | |
| 30-09-2022 | abbreviated format | 12-04-2023 | 2023-00058623 | |
| 30-09-2021 | abbreviated format | 28-04-2022 | 2022-20011197 | |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09100445 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11400504 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11700115 | |
| 30-09-2017 | abbreviated format | 03-05-2018 | 2018-11800276 | |
| 30-09-2016 | abbreviated format | 02-05-2017 | 2017-10700493 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerCapital transactions
- 17-07-2025 Capital stated in the deed · €300,000 · 2,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| G5 België BV |
|
| Stract BV |
|
| Strateqo BV |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Ten hoogste zes jaar, onbeperkt hernieuwbaar”“Vergoeding van de bestuurders, tenzij de algemene vergadering anders beslist”“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk of als college optreden, dagelijks bestuur”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Benoemd voor een hernieuwbare termijn van drie jaar, controle van de vennootschap”
Articles of association, deed of 17-07-2025 (in Dutch)
Network & group
Companies at the same address
6 other companies- RI.PA. BELGIUM Establishment · since 2015 0439663683
- Belgische Rode Kruis Establishment · since 2015 0406729809
- ANTICIMEX Establishment · since 2012 0402272064
- ORBIT Registered office · since 2012 0437507414
- FILAT Registered office · since 2009 0809334247
- UMBROSA Registered office · since 1988 0434309481
Connections & network
3 current directorsThe network starts from the directors of VFMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-07
Gazette deed
Amendment of the articles · MiscellaneousRegistered-office move · Capital · Financial instrument10 points ▸
- General meeting, 04-07-2025
- Registered-office move, Vlaams Gewest
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €300,000
- Financial instrument, 400, “uitgifte” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
- Power of attorney, Bernard Waûters, mentioned 2 times in the deed
- Declaration, “aflevering uittreksel, Dit uittreksel is afgeleverd vóór registratie van het proces-verbaal houdende statutenwijziging overeenkomstig artikel 173 van het Wetboe…” (deed in Dutch)
- Financial instrument, 400, “winstbewijs” (deed in Dutch)
- Power of attorney, De Groote – De Man
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Het vervaardigen en nabehandelen van producten in aluminium, kunststof en textiel
- Het vervaardigen van parasolhouders, parasols, toebehoren, zonwering en aanverwante producten
- De plaatsing en commissiehandel van de vervaardigde producten, toebehoren en aanverwante producten
- De bewerking en verwerking, de vormgeving van alle metalen, aluminium inbegrepen, in de ruimste zin
- De aankoop en verkoop, de invoer en uitvoer, de commissiehandel in deze grondstoffen, in alle afgewerkte producten en in alle toebehoren en bijhorende artikelen en materialen
- De bewerking en verwerking, de aankoop en verkoop, de invoer en uitvoer van alle kunststoffen en toebehoren
- De verhuring van tenten en alle bij- en toebehoren
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36505B0902/00G000 | Flanders | 7,707 m² | 1 · 7,226 m² | 8.8 m · 2 |