VHash Group
ActiveSummary
VHash Group has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €132k and a net result of €63k. Its solvency ranks better than 78% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.77 against 2.66 in 2023; short-term debt: 16.6% and cash: 72.1% of total assets), and 16.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€132k▲ 88.5%
2023 · €70k
2023: €70k
2024: €132k▲ +88.5% vs 2023
2023 → 2024
Total assets
€158k▲ 57.8%
2023 · €100k
2023: €100k
2024: €158k▲ +57.8% vs 2023
2023 → 2024
Net result
€63k▼ 10.7%
2023 · €70k
2023: €70k
2024: €63k▼ -10.7% vs 2023
2023 → 2024
Working capital
€99k▲ 96.4%
2023 · €50k
2023: €50k
2024: €99k▲ +96.4% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€70k-€132k▲ 88.5%
2023: €70k
2024: €132k▲ +88.5% vs 2023
Operating result€91k-€80k▼ 12.5%
2023: €91k
2024: €80k▼ -12.5% vs 2023
Net result€70k-€63k▼ 10.7%
2023: €70k
2024: €63k▼ -10.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€33k ▲ 68.3%
Current assets
€125k ▲ 55.2%
Equity and liabilities €158k
Equity
€132k ▲ 88.5%
Debt
€26k ▼ 13.2%
Debt's share of the balance-sheet total falls from 30.2% to 16.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2023 · €102k
Cash flow
€69k▼
2023 · €81k
Current ratio
4.77▲
2023 · 2.66
Debt to equity
0.20▼
2023 · 0.43
ROE
47.6%▼
2023 · 100.5%
ROA
39.7%▼
2023 · 70.2%
Interest coverage
1769.18▼
2023 · 248500.24
Debt ≤ 1 year
€26k▼
2023 · €30k
Income taxes
€17k▼
2023 · €21k
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€100k€158k▲
Fixed assets21/28€20k€33k▲
Tangible fixed assets22/27€20k€33k▲
Furniture and vehicles24€20k€33k▲
Current assets29/58€80k€125k▲
Amounts receivable within one year40/41€89€532▲
Trade receivables40€53€440▲
Other amounts receivable41€36€91▲
Cash at bank and in hand54/58€71k€114k▲
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€100k€158k▲
Equity10/15€70k€132k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€69k€131k▲
Amounts payable17/49€30k€26k▼
Amounts payable within one year42/48€30k€26k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€28k€23k▼
Taxes450/3€27k€23k▼
Remuneration and social security454/9€800-
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3-€0
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Other operating charges640/8€167€10k▲
Gross operating margin9900€102k€97k▼
Operating profit (loss)9901€91k€80k▼
Financial income75/76B€3€2▼
Recurring financial income75€3€2▼
Financial charges65/66B€0€49▲
Recurring financial charges65€0€49▲
Profit (loss) for the period before taxes9903€91k€80k▼
Income taxes67/77€21k€17k▼
Profit (loss) for the period9904€70k€63k▼
Profit (loss) for the period to be appropriated9905€70k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€132k▲
Profit (loss) brought forward from the previous period14P-€69k
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲
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 | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €7k | ▼ 37.4% |
| Other operating charges640/8 | €167 | €10k | ▲ 5,935% |
| Gross operating margin9900 | €102k | €97k | ▼ 5.4% |
| Operating profit (loss)9901 | €91k | €80k | ▼ 12.5% |
| Financial income75/76B | €3 | €2 | ▼ 24.0% |
| Recurring financial income75 | €3 | €2 | ▼ 24.0% |
| Financial charges65/66B | €0 | €49 | ▲ 11,817% |
| Recurring financial charges65 | €0 | €49 | ▲ 11,817% |
| Profit (loss) for the period before taxes9903 | €91k | €80k | ▼ 12.6% |
| Income taxes67/77 | €21k | €17k | ▼ 18.8% |
| Profit (loss) for the period9904 | €70k | €63k | ▼ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €70k | €63k | ▼ 10.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €100k | €158k | ▲ 57.8% |
| Fixed assets21/28 | €20k | €33k | ▲ 68.3% |
| Tangible fixed assets22/27 | €20k | €33k | ▲ 68.3% |
| Furniture and vehicles24 | €20k | €33k | ▲ 68.3% |
| Current assets29/58 | €80k | €125k | ▲ 55.2% |
| Amounts receivable within one year40/41 | €89 | €532 | ▲ 500% |
| Trade receivables40 | €53 | €440 | ▲ 731% |
| Other amounts receivable41 | €36 | €91 | ▲ 157% |
| Cash at bank and in hand54/58 | €71k | €114k | ▲ 60.2% |
| Deferred charges and accrued income490/1 | €9k | €10k | ▲ 13.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €100k | €158k | ▲ 57.8% |
| Equity10/15 | €70k | €132k | ▲ 88.5% |
| Contributions10/11 | €500 | €500 | = |
| Profit (loss) carried forward14 | €69k | €131k | ▲ 89.1% |
| Amounts payable17/49 | €30k | €26k | ▼ 13.2% |
| Amounts payable within one year42/48 | €30k | €26k | ▼ 13.2% |
| Trade debts44 | €1k | €1k | ▲ 18.2% |
| Suppliers440/4 | €1k | €1k | ▲ 18.2% |
| Taxes, remuneration and social security45 | €28k | €23k | ▼ 18.8% |
| Taxes450/3 | €27k | €23k | ▼ 16.3% |
| Remuneration and social security454/9 | €800 | - | - |
| Other amounts payable47/48 | €1k | €2k | ▲ 83.7% |
| Accrued charges and deferred income492/3 | - | €0 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €63k | ▼ 10.7% |
| + Depreciation and write-downs630 | €11k | €7k | ▼ 37.4% |
| Operating cash flow (approximation) | €81k | €69k | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | €-20k | - |
| Change in cash | - | €43k | - |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €132k ▲88.5%
2 profitable years in a row build equity to €132k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Liège · 1 establishment unit since 2022
Ground area
948 m²
Building footprint
223 m²
Volume, LiDAR
6,096 m³
2 parcels, Wallonia · tallest building 35.6 m, ±11 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
VHash Group
since 20222.337.273.002
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A1645/00E005 | Wallonia | 777 m² | 1 · 174 m² | 35.6 m · 11 fl. |
| 62002D0098/00G005 | Wallonia | 171 m² | 1 · 49 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,904 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
Founded05-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.