VHC Management
ActiveVHC Management has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €41k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+41
Solvency71▼-10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.92 in 2024; short-term debt: 54.3% and cash: 52.3% of total assets), but 54.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
45.7%
Return on assets
12%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
38 d early
2023
23 d early
2022
21 d early
2021
23 d early
2020
23 d early
2019
30 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 0.6%
2024 · €155k
2019: €54k
2020: €94k
2021: €146k
2022: €148k
2023: €186k
2024: €155k
2019 → 2025
Total assets
€341k▲ 23.9%
2024 · €275k
2019: €112k
2020: €207k
2021: €297k
2022: €319k
2023: €267k
2024: €275k
2019 → 2025
Net result
€41k▲ 819%
2024 · €4k
2019: €35k
2020: €40k
2021: €52k
2022: €3k
2023: €37k
2024: €4k
2019 → 2025
Working capital
€117k▲ 5.9%
2024 · €110k
2019: €54k
2020: €94k
2021: €146k
2022: €148k
2023: €141k
2024: €110k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€148k▲ 1.7%€186k▲ 25.2%€155k▼ 16.5%€156k▲ 0.6%
Operating result€75k-€10k▼ 86.8%€61k▲ 514%€14k▼ 78.0%€65k▲ 379%
Net result€52k-€3k▼ 95.1%€37k▲ 1,380%€4k▼ 88.1%€41k▲ 819%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 379% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€39k▼ 12.6%
Current assets
€302k▲ 31.0%
Equity and liabilities €341k
Equity
€156k▲ 0.6%
Debt
€185k▲ 53.9%
The debt ratio rises from 43.7% to 54.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €19k
Cash flow
€47k▲
2024 · €10k
Solvency
45.7%▼
2024 · 56.3%
Current ratio
1.63▼
2024 · 1.92
Quick ratio
1.63▼
2024 · 1.92
Debt / equity
1.19▲
2024 · 0.78
ROE
26.2%▲
2024 · 2.9%
ROA
12.0%▲
2024 · 1.6%
Interest coverage
9.10▲
2024 · 2.62
Debt
€185k▲
2024 · €120k
Debt ≤ 1 year
€185k▲
2024 · €120k
Income taxes
€16k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€275k€341k▲
Fixed assets21/28€45k€39k▼
Tangible fixed assets22/27€45k€39k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€40k€35k▼
Current assets29/58€230k€302k▲
Amounts receivable within one year40/41€92k€41k▼
Trade receivables40€68k€38k▼
Other amounts receivable41€25k€4k▼
Current investments50/53-€80k
Cash at bank and in hand54/58€136k€178k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€275k€341k▲
Equity10/15€155k€156k▲
Contributions10/11€19k€19k=
Reserves13€136k€137k▲
Distributable reserves133€136k€137k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€120k€185k▲
Amounts payable within one year42/48€120k€185k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€17k€19k▲
Taxes450/3€17k€19k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€97k€163k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€21k€73k▲
Operating profit (loss)9901€14k€65k▲
Financial income75/76B€92€431▲
Recurring financial income75€92€431▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€6k€57k▲
Income taxes67/77€2k€16k▲
Profit (loss) for the period9904€4k€41k▲
Profit (loss) for the period to be appropriated9905€4k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€41k▲
Transfer from equity791/2€35k€40k▲
Transfer to equity691/2€4k€41k▲
To other reserves6921€4k€41k▲
Profit to be distributed694/7€35k€40k▲
Return on contributions (dividend)694€35k€40k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €186k ▲25.2%
5 profitable years in a row build equity to €186k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €3k ▼95.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €52k ▲30%
Operating result €75k, net result €52k, both a record.
31-12
Financial
Equity above €100kEq €146k ▲55.6%
3 profitable years in a row build equity to €146k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Roeselare · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oostnieuwkerksesteenweg 2098800 RoeselareGround area
4,522 m²
Building footprint
376 m²
Volume, LiDAR
1,805 m³
Parcel 36504D0480/00R000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Oostnieuwkerksesteenweg 209, 8800 Roeselare
since 20182.284.874.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0480/00R000 | Flanders | 4,522 m² | 1 · 376 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 5,700 companies in sector 70100 we hold annual accounts for 3,494. 2,360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2018
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.