VH SERVICES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-08-2024, 22 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
not confirmed
2024
not filed
2023
22 d late
2022
24 d late
2021
25 d late
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 26 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€1.1m▲ 21.5%
2022 · €872,369
Total assets
€3.1m▲ 12.8%
2022 · €2.7m
Net result
€187,721
2022 · -€151,873
Working capital
-€1.3m▼ 222%
2022 · -€417,025
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€30,686▼ 97.1%-€230,744-€62,582▲ 72.9%-€121,343▼ 93.9%€296,153
Net result€14,718▼ 97.9%-€244,198-€85,687▲ 64.9%-€151,873▼ 77.2%€187,721
Equity€1.4m▲ 1.1%€1.1m▼ 18.0%€1.0m▼ 7.7%€872,369▼ 14.8%€1.1m▲ 21.5%
Total assets€3.2m▼ 2.6%€3.6m▲ 12.2%€3.3m▼ 6.9%€2.7m▼ 17.4%€3.1m▲ 12.8%
Debt€1.8m▼ 5.2%€2.4m▲ 34.8%€2.3m▼ 6.5%€1.9m▼ 18.6%€2.0m▲ 8.7%
Working capital€1.3m▼ 1.2%€405,091▼ 67.8%-€183,456-€417,025▼ 127%-€1.3m▼ 222%
Staff (FTE)4.8▼ 25.0%4.5▼ 6.3%4.5=4.5=4.1▼ 8.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €296,153 after a loss of €121,343 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.9m ▲ 52.4%
Current assets
€219,322 ▼ 74.3%
Equity and liabilities €3.1m
Equity
€1.1m ▲ 21.5%
Debt
€2.0m ▲ 8.7%
Debt's share of the balance-sheet total falls from 68.0% to 65.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€378,050▲
2022 · -€40,197
Cash flow
€269,618▲
2022 · -€70,727
Current ratio
0.14▼
2022 · 0.67
Debt to equity
1.91▼
2022 · 2.13
ROE
17.7%▲
2022 · -17.4%
ROA
6.1%▲
2022 · -5.6%
Interest coverage
7.02▲
2022 · -1.02
Debt ≤ 1 year
€1.6m▲
2022 · €1.3m
Debt > 1 year
€430,086▼
2022 · €578,009
Income taxes
€880▲
2022 · €855
Staff costs
€268,180▼
2022 · €272,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €33,858 | €26,011 | €13,889 | ▼ 46.6% |
| Remuneration, social security and pensions62 | - | - | €290,766 | €272,079 | €268,180 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104,954 | €81,766 | €81,669 | €81,146 | €81,897 | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€225,884 | - |
| Other operating charges640/8 | - | - | €5,974 | €1,217 | €16,334 | ▲ 1,242% |
| Non-recurring operating charges66A | - | - | - | - | €876 | - |
| Gross operating margin9900 | €585,464 | €152,940 | €315,827 | €233,099 | €437,555 | ▲ 87.7% |
| Operating profit (loss)9901 | €30,686 | -€230,744 | -€62,582 | -€121,343 | €296,153 | ▲ 344% |
| Financial income75/76B | - | - | €11,571 | €10,142 | €5,750 | ▼ 43.3% |
| Recurring financial income75 | €14,244 | €18,815 | €11,571 | €10,142 | €5,750 | ▼ 43.3% |
| Non-recurring financial income76B | - | - | - | - | €5,750 | - |
| Financial charges65/66B | - | - | €33,856 | €39,817 | €113,302 | ▲ 185% |
| Recurring financial charges65 | €24,635 | €21,601 | €33,856 | €39,496 | €53,865 | ▲ 36.4% |
| Non-recurring financial charges66B | - | - | - | €321 | €59,437 | ▲ 18,416% |
| Profit (loss) for the period before taxes9903 | €26,884 | -€233,603 | -€84,867 | -€151,017 | €188,601 | ▲ 225% |
| Income taxes67/77 | €12,166 | €10,595 | €820 | €855 | €880 | ▲ 2.9% |
| Profit (loss) for the period9904 | €14,718 | -€244,198 | -€85,687 | -€151,873 | €187,721 | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | €14,718 | -€244,198 | -€85,687 | -€151,873 | €187,721 | ▲ 224% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.6m | €3.3m | €2.7m | €3.1m | ▲ 12.8% |
| Fixed assets21/28 | €300,755 | €1.7m | €2.0m | €1.9m | €2.9m | ▲ 52.4% |
| Tangible fixed assets22/27 | €294,592 | €212,826 | €131,157 | €50,011 | €1.0m | ▲ 1,967% |
| Land and buildings22 | - | - | €827 | €640 | €827,639 | ▲ 129,231% |
| Plant, machinery and equipment23 | - | - | €707 | €236 | - | - |
| Furniture and vehicles24 | - | - | €122,043 | €49,136 | €206,000 | ▲ 319% |
| Leasing and similar rights25 | - | - | €7,580 | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €6,163 | €1.4m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €2.9m | €1.9m | €1.3m | €853,497 | €219,322 | ▼ 74.3% |
| Amounts receivable after more than one year29 | - | - | €475,394 | €40,394 | - | - |
| Other amounts receivable291 | - | - | €475,394 | €40,394 | - | - |
| Stocks and contracts in progress3 | €286,572 | €162,148 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €965,942 | €822,356 | €789,133 | €156,982 | ▼ 80.1% |
| Trade receivables40 | - | - | €812,437 | €777,732 | €156,982 | ▼ 79.8% |
| Other amounts receivable41 | - | - | €9,919 | €11,401 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €511,149 | €107,560 | €13,677 | €20,523 | €50,671 | ▲ 147% |
| Deferred charges and accrued income490/1 | - | - | €29,239 | €3,447 | €11,670 | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.6m | €3.3m | €2.7m | €3.1m | ▲ 12.8% |
| Equity10/15 | €1.4m | €1.1m | €1.0m | €872,369 | €1.1m | ▲ 21.5% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | - | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | - | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | - | - | €5,607 | €5,607 | €5,607 | = |
| Distributable reserves133 | - | - | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | - | -€244,198 | -€329,886 | -€481,759 | -€294,037 | ▲ 39.0% |
| Amounts payable17/49 | €1.8m | €2.4m | €2.3m | €1.9m | €2.0m | ▲ 8.7% |
| Amounts payable after more than one year17 | €176,648 | €952,524 | €754,247 | €578,009 | €430,086 | ▼ 25.6% |
| Financial debts170/4 | - | - | €754,247 | €578,009 | €430,086 | ▼ 25.6% |
| Amounts payable within one year42/48 | €1.6m | €1.5m | €1.5m | €1.3m | €1.6m | ▲ 23.1% |
| Current portion of amounts payable after more than one year42 | - | - | €424,126 | €174,167 | €147,924 | ▼ 15.1% |
| Trade debts44 | €1.2m | €1.2m | €1.0m | €550,319 | €576,863 | ▲ 4.8% |
| Suppliers440/4 | - | - | €31,993 | €24,319 | €26,863 | ▲ 10.5% |
| Bills of exchange payable441 | - | - | €975,761 | €526,000 | €550,000 | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | - | €38,352 | €35,147 | €41,976 | ▲ 19.4% |
| Taxes450/3 | - | - | €28,518 | €24,932 | €33,084 | ▲ 32.7% |
| Remuneration and social security454/9 | - | - | €9,834 | €10,214 | €8,892 | ▼ 12.9% |
| Other amounts payable47/48 | - | - | €53,889 | €510,889 | €796,645 | ▲ 55.9% |
| Accrued charges and deferred income492/3 | - | - | €4,851 | €9,508 | €26,188 | ▲ 175% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,718 | -€244,198 | -€85,687 | -€151,873 | €187,721 | ▲ 224% |
| + Depreciation and write-downs630 | €104,954 | €81,766 | €81,669 | €81,146 | €81,897 | ▲ 0.9% |
| Operating cash flow (approximation) | €119,672 | -€162,432 | -€4,019 | -€70,727 | €269,618 | ▲ 481% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€388,141 | €8,737 | -€1.1m | ▼ 12,294% |
| Change in cash | - | -€403,589 | -€93,884 | €6,846 | €30,148 | ▲ 340% |
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
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €187,721
Net result €187,721 after 3 loss-making years.
31-12
Financial
Equity above €1mEq €1.1m ▲21.5%
Equity rises from €872,369 to €1.1m.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€244,198
Net result drops to -€244,198, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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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Structure & network
Owners and holdings
1 ownerChain of control
- MOONS
- VH SERVICES
Highest known parent: MOONS. The sources do not say who stands above it.
Owners 1
- MOONSparentSourceaccounts MOONS 202299.82%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.