VHM Solutions
ActiveVHM Solutions has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €13k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 9438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-35
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.89 against 6.98 in 2024; short-term debt: 14.9% and cash: 0% of total assets), and 14.9% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
85.1%
Return on assets
4.9%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
8 d early
2024
11 d late
2023
17 d late
2022
27 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€218k▼ 17.5%
2024 · €264k
2022: €198k
2023: €219k
2024: €264k
2022 → 2025
Total assets
€256k▼ 15.5%
2024 · €303k
2022: €270k
2023: €297k
2024: €303k
2022 → 2025
Net result
€13k▼ 72.0%
2024 · €45k
2022: €195k
2023: €22k
2024: €45k
2022 → 2025
Working capital
€186k▼ 19.6%
2024 · €232k
2022: €172k
2023: €191k
2024: €232k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€198k-€219k▲ 10.9%€264k▲ 20.5%€218k▼ 17.5%
Operating result€252k-€34k▼ 86.3%€66k▲ 93.1%€21k▼ 67.9%
Net result€195k-€22k▼ 88.9%€45k▲ 108%€13k▼ 72.0%
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 2025; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256k
Fixed assets
€31k▼ 2.4%
Current assets
€225k▼ 17.0%
Equity and liabilities €256k
Equity
€218k▼ 17.5%
Debt
€38k▼ 1.8%
The debt ratio rises from 12.8% to 14.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €73k
Cash flow
€21k▼
2024 · €52k
Solvency
85.1%▼
2024 · 87.2%
Current ratio
5.89▼
2024 · 6.98
Quick ratio
5.89▼
2024 · 6.98
Debt / equity
0.17▲
2024 · 0.15
ROE
5.8%▼
2024 · 17.0%
ROA
4.9%▼
2024 · 14.8%
Interest coverage
3.31▼
2024 · 6.27
Debt
€38k▼
2024 · €39k
Debt ≤ 1 year
€38k▼
2024 · €39k
Income taxes
€6k▼
2024 · €14k
Staff costs
€8k▲
2024 · €3k
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€303k€256k▼
Fixed assets21/28€32k€31k▼
Tangible fixed assets22/27€32k€31k▼
Plant, machinery and equipment23€24k€25k▲
Furniture and vehicles24€8k€6k▼
Current assets29/58€271k€225k▼
Amounts receivable after more than one year29€251k€208k▼
Other amounts receivable291€251k€208k▼
Amounts receivable within one year40/41€9k€9k▼
Trade receivables40€1k€0▼
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€4k€0▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€303k€256k▼
Equity10/15€264k€218k▼
Contributions10/11€3k€3k=
Reserves13€261k€215k▼
Distributable reserves133€261k€215k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€39k€38k▼
Amounts payable within one year42/48€39k€38k▼
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€33k€34k▲
Taxes450/3€33k€34k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€3k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€201€1k▲
Gross operating margin9900€77k€40k▼
Operating profit (loss)9901€66k€21k▼
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€58k€19k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€45k€13k▼
Profit (loss) for the period to be appropriated9905€45k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€13k▼
Transfer from equity791/2-€59k
Transfer to equity691/2€45k€13k▼
To other reserves6921€45k€13k▼
Profit to be distributed694/7-€59k
Return on contributions (dividend)694-€59k
The notes to these accounts (6 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €13k ▼72%
Net result drops to €13k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.98
Current ratio from 3.46 to 6.98; short-term debt falls from €78k to €39k.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
31-12
Financial
Equity above €200kEq €219k ▲10.9%
2 profitable years in a row build equity to €219k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lommel · 1 establishment unit since 2021
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.
Gelderhorsten 823920 LommelGround area
1,800 m²
Building footprint
43 m²
Volume, LiDAR
217 m³
Parcel 72343E0833/00N003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VHD Design
since 20212.325.963.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72343E0833/00N003 | Flanders | 1,800 m² | 1 · 43 m² | 8.6 m · 2 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.
Similar companies · same sector, comparable size
LLEC
BE 1008.922.338
Waregem · Eq €218k
SOLUTIONS IN ENGINEERING
BE 0440.267.261
Dilbeek · Eq €218k
Greenager+
BE 0765.812.228
Pelt · Eq €218k
GRESSANI CONSULT
BE 0744.420.164
Grâce-Hollogne · Eq €218k
UNITED EXPERTS SOUTH
BE 0465.305.238
Ottignies-Louvain-la-Neuve · Eq €218k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,561. 5,060 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2021
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.