Equity
€1.8m ▲ 95.9%
Equity rose in 2025 from €897,700 to €1.8m.
VHIC
Lifetime
21 annual accounts with figures on one time axis, 31 filings since 1995peak €1.1m (2025)
€1.1m▲ 794%
lowest -€40,782 (2007)
€1.0m▲ 46×
peak €1.8m (2025)
€1.8m▲ 95.9%
€104,908▼ 85.4%
peak 8.3 FTE (2020)
1.5 FTEunchanged
Board1 name since 2015
1 directorVAN HOVE Kurt Henri Françisca
Documentsfilings and deeds
13-10-202674 days late
2025abbreviated format
Gross margin from €123,471 to €1.1mResult from €21,871 to €1.0mDividend €145,536Equity from €897,700 to €1.8mDebts from €719,515 to €104,908Cash from €7,580 to €14,937
Key points
from the 2025 annual accountsInvestments
€77,619 6.7 × depreciation
Green is investment, beige is depreciation.
Staff
1.5 FTE from 8.3 in 2020
Between 2020 and 2025, 82% of the full-time equivalents disappeared.
Liquidity
15.48 was 1.10 in 2024
Short-term debts fell from €137,538 to €59,738.
Filings
31 annual accounts 74 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€1.0m
Higher net result than 95% of companies in legal and accounting. Sector median €94,942 · 4,125 companies.
Net result +4,501%: one-off income
Checked score
93
Excellent
Financially stronger than 72% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.3%▼ -0.3 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.5 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 74 days late; 3 of the last 3 accounts late
Liquidity: current ratio 15.48, cash €14,937
lowers risk
Founded in 1995
Sector: Legal and accounting activities (NACE 69)
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 69, micro). It does better than 87% of them on solvency, 32% on liquidity, 82% on profitability and 89% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as VHIC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VHIC itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 31,368 companies, not a prediction for VHIC. 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.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 15.48 (1.1 in 2024), above the usual 1.5. Short-term debt is 3.2% and cash 0.8% of total assets. 5.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
74 days late
2024
61 days late
2023
67 days late
2022
69 days late
2021
77 days late
2020
88 days late
2019
101 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 77 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455232084
Company renamed from Fisc & Div to VHIC
Resignation: VAN HOVE Kurt Henri Françisca (manager) · Reappointment: VAN HOVE Kurt Henri Françisca (director) · Gazette deed
First establishment
Fisc & Div, Ter Voort 132, Westerlo
Incorporation
published on 14-06-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VHIC Westerlo | €1.9m | €1.1m | 94.4% | 1.5 |
| TUYMANS Malle | €2.4m | €0.7m | 81.1% | 2 |
| ACCOUNTANTSKANTOOR DEFACTO Brasschaat | €1.3m | €0.7m | 72.8% | 2.1 |
| V.G. BUSINESS CONSULTING Antwerp | €2.1m | €0.6m | 48.6% | 2.2 |
| DBM - TAX AND ACCOUNTING Brussels | €2.8m | €1.2m | 72.0% | 2.4 |
| Kantoor Chris BALLYN Tielt | €1.4m | €0.6m | 23.0% | 1.6 |
| MEDIA SQUARE PROPERTY INVESTMENT Etterbeek | €2.9m | €1.1m | -78.5% | 2 |
These companies have the same main activity as VHIC: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €1.3m and €2.9m, founded between 1993 and 2005.
Official details
Source: KBO- Status
- Active since 11-05-1995Normal situation
- Activity
- Certified accountants and tax accountantsNACE 69201
- Joint committee
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment unit
- 2.158.580.7882260 Westerlo, since 15-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- ≈ €1.9mestimated
- €1.9m▲ 15.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 13-10-2026
Insights on VHIC
VHIC files the abbreviated format. That format states no turnover. The gross margin rose from €159,169 in 2005 to €1.1m in 2025.
The balance sheet grew most from 2006 to 2008 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VHIC
- What is the company number of VHIC?
- The company number of VHIC is 0455.232.084. The VAT number is the same number with BE in front: BE 0455.232.084.
- Where is VHIC based?
- The registered office is at Ter Voort 132, 2260 Westerlo.Company details
- What does VHIC do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of VHIC?
- VHIC is a private limited company (BV).
- When was VHIC founded?
- VHIC was founded on 11-05-1995.
- Is VHIC still active?
- Yes, VHIC is an active enterprise in the KBO register.
- How many employees does VHIC have?
- VHIC had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VHIC fall under?
- In its 2025 annual accounts, VHIC states joint committee 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of VHIC?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.1m. It is a rough estimate.
- Is VHIC profitable?
- In financial year 2025, VHIC made a profit of €1.0m.
- Where can I find the annual accounts of VHIC?
- VHIC filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VHIC due?
- VHIC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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