VHIC
ActiveSummary
VHIC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €898k and a net result of €22k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-27
Solvency81▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.27 in 2023; short-term debt: 8.5% and cash: 0.5% of total assets), and 44.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.5%
Return on assets
1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
67 d late
2022
69 d late
2021
77 d late
2020
88 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€898k▲ 2.5%
2023 · €876k
2018: €415klowest in 7 years
2019: €535k▲ +28.8% vs 2018
2020: €650k▲ +21.5% vs 2019
2021: €732k▲ +12.6% vs 2020
2022: €721k▼ -1.5% vs 2021
2023: €876k▲ +21.5% vs 2022
2024: €898k▲ +2.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.62M▼ 1.5%
2023 · €1.64M
2018: €2.11M
2019: €2.05M▼ -3.2% vs 2018
2020: €2.13M▲ +3.9% vs 2019highest in 7 years
2021: €2.09M▼ -1.9% vs 2020
2022: €1.85M▼ -11.1% vs 2021
2023: €1.64M▼ -11.5% vs 2022
2024: €1.62M▼ -1.5% vs 2023lowest in 7 years
2018 → 2024
Net result
€22k▼ 85.9%
2023 · €155k
2018: €122k
2019: €119k▼ -2.2% vs 2018
2020: €115k▼ -3.7% vs 2019
2021: €82k▼ -28.6% vs 2020
2022: €-11k▼ -114% vs 2021lowest in 7 years
2023: €155k▲ +1481% vs 2022highest in 7 years
2024: €22k▼ -85.9% vs 2023
2018 → 2024
Working capital
€14k▼ 62.7%
2023 · €37k
2018: €92k
2019: €124k▲ +34.7% vs 2018
2020: €136k▲ +9.4% vs 2019highest in 7 years
2021: €8k▼ -94.1% vs 2020
2022: €-66k▼ -918% vs 2021lowest in 7 years
2023: €37k▲ +156% vs 2022
2024: €14k▼ -62.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€650k-€732k▲ 12.6%€721k▼ 1.5%€876k▲ 21.5%€898k▲ 2.5%
2020: €650klowest in 5 years
2021: €732k▲ +12.6% vs 2020
2022: €721k▼ -1.5% vs 2021
2023: €876k▲ +21.5% vs 2022
2024: €898k▲ +2.5% vs 2023highest in 5 years
Operating result€92k-€152k▲ 66.2%€15k▼ 90.4%€206k▲ 1,305%€29k▼ 85.7%
2020: €92k
2021: €152k▲ +66.2% vs 2020
2022: €15k▼ -90.4% vs 2021lowest in 5 years
2023: €206k▲ +1305% vs 2022highest in 5 years
2024: €29k▼ -85.7% vs 2023
Net result€115k-€82k▼ 28.6%€-11k€155k€22k▼ 85.9%
2020: €115k
2021: €82k▼ -28.6% vs 2020
2022: €-11k▼ -114% vs 2021lowest in 5 years
2023: €155k▲ +1481% vs 2022highest in 5 years
2024: €22k▼ -85.9% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 86% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.47M ▼ 0.3%
Current assets
€151k ▼ 11.7%
Equity and liabilities €1.62M
Equity
€898k ▲ 2.5%
Debt
€720k ▼ 6.0%
Debt's share of the balance-sheet total falls from 46.6% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▼
2023 · €242k
Cash flow
€59k▼
2023 · €190k
Current ratio
1.10▼
2023 · 1.27
Debt to equity
0.80▼
2023 · 0.87
ROE
2.4%▼
2023 · 17.7%
ROA
1.4%▼
2023 · 9.4%
Interest coverage
4.03▼
2023 · 11.65
Debt ≤ 1 year
€138k▲
2023 · €134k
Debt > 1 year
€582k▼
2023 · €631k
Income taxes
€5k▲
2023 · €2k
Staff costs
€53k▼
2023 · €60k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.64M€1.62M▼
Fixed assets21/28€1.47M€1.47M▼
Tangible fixed assets22/27€662k€658k▼
Land and buildings22€640k€611k▼
Plant, machinery and equipment23€18k€14k▼
Furniture and vehicles24€5k€33k▲
Financial fixed assets28€808k€808k=
Current assets29/58€171k€151k▼
Amounts receivable within one year40/41€157k€144k▼
Trade receivables40€38k-
Other amounts receivable41€119k€144k▲
Cash at bank and in hand54/58€9k€8k▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.62M▼
Equity10/15€876k€898k▲
Contributions10/11€28k€28k=
Reserves13€619k€619k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Tax-exempt reserves132€211k€211k=
Distributable reserves133€401k€401k=
Profit (loss) carried forward14€229k€251k▲
Amounts payable17/49€766k€720k▼
Amounts payable after more than one year17€631k€582k▼
Financial debts170/4€493k€429k▼
Other amounts payable178/9€139k€153k▲
Amounts payable within one year42/48€134k€138k▲
Current portion of amounts payable after more than one year42€88k€92k▲
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€30k€37k▲
Taxes450/3€22k€31k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€13k-
Income statement
Code20232024
Non-recurring operating income76A€211k€11k▼
Remuneration, social security and pensions62€60k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€37k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€305k€123k▼
Operating profit (loss)9901€206k€29k▼
Financial income75/76B€41€14k▲
Recurring financial income75€41€14k▲
Financial charges65/66B€49k€17k▼
Recurring financial charges65€21k€17k▼
Non-recurring financial charges66B€28k-
Profit (loss) for the period before taxes9903€157k€27k▼
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€155k€22k▼
Transfer to tax-exempt reserves689€211k-
Profit (loss) for the period to be appropriated9905€-56k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€229k€251k▲
Profit (loss) brought forward from the previous period14P€285k€229k▼
Social balance
Average headcount (FTE)90871.51.5=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | €211k | €11k | ▼ 94.9% |
| Remuneration, social security and pensions62 | - | €463k | €21k | €60k | €53k | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €50k | €36k | €36k | €37k | ▲ 5.1% |
| Other operating charges640/8 | - | €5k | €4k | €3k | €4k | ▲ 19.9% |
| Gross operating margin9900 | €654k | €670k | €75k | €305k | €123k | ▼ 59.5% |
| Operating profit (loss)9901 | €92k | €152k | €15k | €206k | €29k | ▼ 85.7% |
| Financial income75/76B | - | €0 | €552 | €41 | €14k | ▲ 34,752% |
| Recurring financial income75 | €100k | €0 | €552 | €41 | €14k | ▲ 34,752% |
| Financial charges65/66B | - | €26k | €23k | €49k | €17k | ▼ 65.9% |
| Recurring financial charges65 | €29k | €26k | €23k | €21k | €17k | ▼ 19.9% |
| Non-recurring financial charges66B | - | - | - | €28k | - | - |
| Profit (loss) for the period before taxes9903 | €163k | €126k | €-8k | €157k | €27k | ▼ 82.7% |
| Income taxes67/77 | €48k | €44k | €3k | €2k | €5k | ▲ 119% |
| Profit (loss) for the period9904 | €115k | €82k | €-11k | €155k | €22k | ▼ 85.9% |
| Transfer to tax-exempt reserves689 | - | - | - | €211k | - | - |
| Profit (loss) for the period to be appropriated9905 | €185k | €82k | €-11k | €-56k | €22k | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.13M | €2.09M | €1.85M | €1.64M | €1.62M | ▼ 1.5% |
| Fixed assets21/28 | €1.57M | €1.65M | €1.58M | €1.47M | €1.47M | ▼ 0.3% |
| Tangible fixed assets22/27 | €887k | €841k | €771k | €662k | €658k | ▼ 0.7% |
| Land and buildings22 | - | €771k | €742k | €640k | €611k | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €26k | €22k | €18k | €14k | ▼ 19.5% |
| Furniture and vehicles24 | - | €44k | €7k | €5k | €33k | ▲ 573% |
| Financial fixed assets28 | €688k | €808k | €808k | €808k | €808k | = |
| Current assets29/58 | €552k | €438k | €276k | €171k | €151k | ▼ 11.7% |
| Amounts receivable within one year40/41 | €383k | €363k | €266k | €157k | €144k | ▼ 8.6% |
| Trade receivables40 | - | €207k | €45k | €38k | - | - |
| Other amounts receivable41 | - | €155k | €221k | €119k | €144k | ▲ 20.4% |
| Cash at bank and in hand54/58 | €77k | €72k | €5k | €9k | €8k | ▼ 12.1% |
| Deferred charges and accrued income490/1 | - | €3k | €5k | €5k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.13M | €2.09M | €1.85M | €1.64M | €1.62M | ▼ 1.5% |
| Equity10/15 | €650k | €732k | €721k | €876k | €898k | ▲ 2.5% |
| Contributions10/11 | - | €28k | €28k | €28k | €28k | = |
| Reserves13 | €328k | €408k | €408k | €619k | €619k | = |
| Non-distributable reserves130/1 | - | €8k | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | - | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | - | - | - | €211k | €211k | = |
| Distributable reserves133 | - | €401k | €401k | €401k | €401k | = |
| Profit (loss) carried forward14 | €294k | €296k | €285k | €229k | €251k | ▲ 9.6% |
| Amounts payable17/49 | €1.48M | €1.35M | €1.13M | €766k | €720k | ▼ 6.0% |
| Amounts payable after more than one year17 | €1.06M | €925k | €792k | €631k | €582k | ▼ 7.8% |
| Financial debts170/4 | - | €925k | €792k | €493k | €429k | ▼ 13.0% |
| Other amounts payable178/9 | - | - | - | €139k | €153k | ▲ 10.4% |
| Amounts payable within one year42/48 | €416k | €430k | €342k | €134k | €138k | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €160k | €157k | €88k | €92k | ▲ 4.7% |
| Trade debts44 | €35k | €24k | €4k | €4k | €9k | ▲ 127% |
| Suppliers440/4 | - | €24k | €4k | €4k | €9k | ▲ 127% |
| Taxes, remuneration and social security45 | - | €193k | €88k | €30k | €37k | ▲ 23.8% |
| Taxes450/3 | - | €126k | €84k | €22k | €31k | ▲ 39.2% |
| Remuneration and social security454/9 | - | €67k | €4k | €8k | €6k | ▼ 20.7% |
| Other amounts payable47/48 | - | €53k | €93k | €13k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115k | €82k | €-11k | €155k | €22k | ▼ 85.9% |
| + Depreciation and write-downs630 | €57k | €50k | €36k | €36k | €37k | ▲ 5.1% |
| Operating cash flow (approximation) | €172k | €133k | €25k | €190k | €59k | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | €-125k | €34k | €73k | €-33k | ▼ 145% |
| Change in cash | - | €-5k | €-67k | €4k | €-1k | ▼ 129% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 67 days late
2023
31-12
Financial
Back to profitnet €155k
Net result €155k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 69 days late
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 77 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
31-12
Financial
Equity above €500kEq €535k ▲28.8%
2 profitable years in a row build equity to €535k.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Westerlo · 1 establishment unit since 2007
Ground area
272 m²
Building footprint
125 m²
Volume, LiDAR
909 m³
Parcel 13049A0431/02M000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Fisc & Div
since 20072.158.580.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A0431/02M000 | Flanders | 272 m² | 1 · 125 m² | 11.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 699 EUR awarded · 699 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 63 EUR |
| 2024 | 1 | 471 EUR | 408 EUR |
| 2023 | 1 | 228 EUR | 228 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
FIDUCIAIRE S. VERGEYLEN & PARTNERS
BE 0448.912.139
Nazareth-De Pinte · Eq €898,352
CAUGEST
BE 0465.996.215
Soignies · Eq €898,593
Bedrijfsconsult Willems
BE 0897.252.770
Ternat · Eq €899,275
VCS-FISC
BE 0687.533.921
Izegem · Eq €899,556
DOBBELS TAX & LEGAL
BE 0670.744.607
Wielsbeke · Eq €899,558
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,645 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
Founded11-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.