VHi
ActiveSummary
VHi has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €388,602. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 72% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+8
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.04 in 2024; short-term debt: 22.2% and cash: 1.5% of total assets), and 24% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
76%
Return on assets
14.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
38 d early
2023
58 d early
2022
35 d early
2021
31 d early
2020
51 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.0m▲ 18.7%
2024 · €1.7m
Total assets
€2.6m▲ 1.5%
2024 · €2.6m
Net result
€388,602▲ 75.0%
2024 · €222,086
Working capital
-€503,600▲ 38.6%
2024 · -€819,940
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€148,167▲ 45.3%€135,863▼ 8.3%€191,234▲ 40.8%€199,513▲ 4.3%€185,190▼ 7.2%
Net result€989,241above the sector's middle half▲ 1,227%€181,526above the sector's middle half▼ 81.6%€216,564above the sector's middle half▲ 19.3%€222,086above the sector's middle half▲ 2.5%€388,602above the sector's middle half▲ 75.0%
Equity€2.8mabove the sector's middle half▲ 50.1%€2.2mabove the sector's middle half▼ 20.6%€2.3mabove the sector's middle half▲ 3.6%€1.7mabove the sector's middle half▼ 26.6%€2.0mabove the sector's middle half▲ 18.7%
Total assets€2.9mabove the sector's middle half▲ 41.0%€2.7mwithin the sector's middle half▼ 8.5%€2.7mwithin the sector's middle half▼ 1.5%€2.6mabove the sector's middle half▼ 2.4%€2.6mabove the sector's middle half▲ 1.5%
Debt€105,610▼ 42.0%€430,935▲ 308%€310,192▼ 28.0%€857,955▲ 177%€581,678▼ 32.2%
Working capital€295,371within the sector's middle half▼ 42.0%-€295,516below the sector's middle half-€212,728below the sector's middle half▲ 28.0%-€819,940below the sector's middle half▼ 285%-€503,600below the sector's middle half▲ 38.6%
Solvency94.8%above the sector's middle half▲ 5.8pp82.2%above the sector's middle half▼ 12.6pp86.5%above the sector's middle half▲ 4.3pp65.0%within the sector's middle half▼ 21.5pp76.0%within the sector's middle half▲ 11.0pp
Current ratio3.80within the sector's middle half=0.31below the sector's middle half▼ 3.480.31below the sector's middle half=0.04below the sector's middle half▼ 0.270.13below the sector's middle half▲ 0.09
Return on assets (ROA)33.6%above the sector's middle half▲ 30.0pp6.7%within the sector's middle half▼ 26.9pp8.2%within the sector's middle half▲ 1.4pp8.6%within the sector's middle half▲ 0.4pp14.8%within the sector's middle half▲ 6.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.5m ▼ 0.1%
Current assets
€78,077 ▲ 105%
Equity and liabilities €2.6m
Equity
€2.0m ▲ 18.7%
Provisions
€47,368 =
Debt
€581,678 ▼ 32.2%
Debt's share of the balance-sheet total falls from 33.1% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189,033▼
2024 · €203,301
Cash flow
€392,445▲
2024 · €225,874
Debt to equity
0.29▼
2024 · 0.51
ROE
19.5%▲
2024 · 13.2%
Interest coverage
23.81▼
2024 · 39.24
Debt ≤ 1 year
€581,678▼
2024 · €857,955
Income taxes
€88,797▲
2024 · €72,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,341 | €3,052 | €3,788 | €3,788 | €3,843 | ▲ 1.5% |
| Other operating charges640/8 | €2,957 | €3,064 | €2,473 | €2,202 | €2,227 | ▲ 1.1% |
| Gross operating margin9900 | €152,464 | €141,979 | €197,496 | €205,503 | €191,260 | ▼ 6.9% |
| Operating profit (loss)9901 | €148,167 | €135,863 | €191,234 | €199,513 | €185,190 | ▼ 7.2% |
| Financial income75/76B | €980,419 | €100,001 | €100,749 | €100,041 | €300,149 | ▲ 200% |
| Recurring financial income75 | €980,419 | €100,001 | €100,749 | €100,041 | €300,149 | ▲ 200% |
| Financial charges65/66B | €931 | €860 | €5,127 | €5,181 | €7,940 | ▲ 53.3% |
| Recurring financial charges65 | €931 | €860 | €5,127 | €5,181 | €7,940 | ▲ 53.3% |
| Profit (loss) for the period before taxes9903 | €1.1m | €235,003 | €286,857 | €294,373 | €477,399 | ▲ 62.2% |
| Income taxes67/77 | €138,414 | €53,477 | €70,293 | €72,288 | €88,797 | ▲ 22.8% |
| Profit (loss) for the period9904 | €989,241 | €181,526 | €216,564 | €222,086 | €388,602 | ▲ 75.0% |
| Profit (loss) for the period to be appropriated9905 | €989,241 | €181,526 | €216,564 | €222,086 | €388,602 | ▲ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.7m | €2.7m | €2.6m | €2.6m | ▲ 1.5% |
| Fixed assets21/28 | €2.5m | €2.6m | €2.6m | €2.6m | €2.5m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0 | €14,887 | €11,099 | €7,311 | €4,872 | ▼ 33.4% |
| Furniture and vehicles24 | €0 | €14,887 | €11,099 | €7,311 | €4,872 | ▼ 33.4% |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €400,981 | €135,419 | €97,464 | €38,015 | €78,077 | ▲ 105% |
| Amounts receivable within one year40/41 | €28,967 | €25,208 | €43,375 | €11,635 | €33,790 | ▲ 190% |
| Trade receivables40 | €28,967 | €25,208 | €43,375 | €11,635 | €33,790 | ▲ 190% |
| Other amounts receivable41 | €0 | - | - | - | - | - |
| Current investments50/53 | €0 | €100,000 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €368,369 | €6,019 | €50,036 | €22,294 | €40,046 | ▲ 79.6% |
| Deferred charges and accrued income490/1 | €3,645 | €4,192 | €4,053 | €4,087 | €4,241 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.7m | €2.7m | €2.6m | €2.6m | ▲ 1.5% |
| Equity10/15 | €2.8m | €2.2m | €2.3m | €1.7m | €2.0m | ▲ 18.7% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €2.8m | €2.2m | €2.3m | €1.7m | €2.0m | ▲ 18.7% |
| Tax-exempt reserves132 | €764 | €764 | €764 | €764 | €764 | = |
| Distributable reserves133 | €2.8m | €2.2m | €2.3m | €1.7m | €2.0m | ▲ 18.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €47,368 | €47,368 | €47,368 | €47,368 | €47,368 | = |
| Provisions for liabilities and charges160/5 | €47,368 | €47,368 | €47,368 | €47,368 | €47,368 | = |
| Pensions and similar obligations160 | €47,368 | €47,368 | €47,368 | €47,368 | €47,368 | = |
| Amounts payable17/49 | €105,610 | €430,935 | €310,192 | €857,955 | €581,678 | ▼ 32.2% |
| Amounts payable within one year42/48 | €105,610 | €430,935 | €310,192 | €857,955 | €581,678 | ▼ 32.2% |
| Trade debts44 | €0 | €4,061 | €5,725 | €5,082 | €2,983 | ▼ 41.3% |
| Suppliers440/4 | €0 | €4,061 | €5,725 | €5,082 | €2,983 | ▼ 41.3% |
| Taxes, remuneration and social security45 | €105,083 | €19,347 | €29,720 | €33,662 | €48,588 | ▲ 44.3% |
| Taxes450/3 | €105,083 | €19,347 | €29,720 | €33,662 | €48,588 | ▲ 44.3% |
| Other amounts payable47/48 | €527 | €407,528 | €274,747 | €819,210 | €530,107 | ▼ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €989,241 | €181,526 | €216,564 | €222,086 | €388,602 | ▲ 75.0% |
| + Depreciation and write-downs630 | €1,341 | €3,052 | €3,788 | €3,788 | €3,843 | ▲ 1.5% |
| Operating cash flow (approximation) | €990,581 | €184,578 | €220,352 | €225,874 | €392,445 | ▲ 73.7% |
| Investment in fixed assets (approximation) | - | -€17,939 | €0 | €0 | -€1,404 | - |
| Change in cash | - | -€362,351 | €44,018 | -€27,743 | €17,752 | ▲ 164% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €989,241 ▲1,227%
Net result €989,241, the highest in the series.
31-12
Financial
Equity above €2mEq €2.8m ▲50.1%
4 profitable years in a row build equity to €2.8m.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €74,564 ▼91.1%
Net result drops to €74,564, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 15current ratio 5.84
Current ratio from 0.40 to 5.84; short-term debt falls from €133,443 to €103,319.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gent · 1 establishment unit since 2004
Ground area
601 m²
Building footprint
419 m²
Volume, LiDAR
5,084 m³
Parcel 44805E1052/00E000, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
VHi
since 20042.144.592.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1052/00E000 | Flanders | 601 m² | 1 · 419 m² | 17.0 m · 4 fl. |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
25%
-
20%
According to the 2025 annual accounts of VHi and those 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.
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 20,217 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
Founded23-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
peter.van.hoye@vhi.be
Phone
+32473931972Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870758211
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.